Latest Information About Okcoin

Question 1

What is OKCoin (OKCoin)? remove

Answer

Founded in 2013, OKCoin offers advanced features for crypto beginners and high-volume traders alike, enabling users in 184 countries worldwide to exchange US dollars and the euro for Bitcoin, Tethers, USDK, Bitcoin Cash, Ethereum, Ethereum Classic, Decred, EOS, Litecoin, XRP, Cardano, 0x, Stellar, Zcash, TRX, and other digital assets.

Question 2

Is OKCoin a good exchange? add

Answer

OKCoin is a great exchange,with many of… OKCoin is a great exchange,with many of the top and hard to find coins ,as they take requests from their users concerning any upgrades ,ect Being new to the platform, I failed to locate the exact area to do what I wanted.

Question 3

What are OKCoin’s fees? add

Answer

For crypto trading, maker fees start at 0.1% and can go as low as 0%, while taker fees start at 0.2% and can go as low as 0.02%. For fiat deposits and withdrawals, OKCoin has some of the best fee practices around, as almost all their deposits and withdrawals through bank transfers are free and have very reasonable minimums.

Question 4

What happened to OKCoin? add

Answer

Okcoin experienced another controversial moment in November 2017 when it briefly listed Bitcoin at a price of more than $15,000 per BTC, at a time when most other exchanges had the cryptocurrency priced around $7,000 per coin. The erratic readings from OKCoin's system may have been linked to a brief outage in the exchange.

Question 5

Who Can Control Bitcoin? add

Answer

Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

Question 6

How to buy cryptocurrency? add

Answer

To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as Bitcoin or Ethereum. There is a lot of cryptocurrency exchanges, you can visit our 'Top Cryptocurrency Exchanges' section to see the most popular exchanges.

Question 7

What is Ethereum? add

Answer

Ethereum is the community-run technology powering the cryptocurrency, ether (ETH) and thousands of decentralized applications. ETH is a cryptocurrency of of Ethereum apps. It is scarce digital money that you can use on the internet – similar to Bitcoin. ETH's valuable in different ways to different people. For users of Ethereum, ETH lets you pay transaction fees. Others see it as a digital store of value. More recently, you can use ETH as collateral for crypto loans, or as a payment system.

Question 8

How does Ethereum work? add

Answer

Like the Bitcoin blockchain, Ethereum utilizes nodes that are operated voluntarily in order to verify transactions in the network. Nodes can contain the entirety or a segment of Ethereum transaction history, the most recent information about the state of smart contracts, the balances of accounts, and more. At the foundation of Ethereum is the Ethereum Virtual Machine (EVM), which is the executable and trustless environment for smart contracts: computer protocols that facilitate, verify, and enforce the negotiation and performance of some sort of digital agreement. The EVM executes a contract with whatever rules the developer initially programmed, such as sending money from Alice to Bob. The EVM executes these programs through a bytecode language. Ethereum developers are able to use Ethereum programming languages such as Solidity and others to write smart contracts and build decentralized applications.

Question 9

What Is Ripple Coin? add

Answer

Ripple is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. It was first released in 2012 and was co-founded by Chris Larsen and Jed McCaleb. Ripple coins are also called

Question 10

What are Ripple’s benefits? add

Answer

Ripple is originally designed as a day to day payment system, so it is much more powersafe than Bitcoin. As the results, the transactions are much quicker and cheaper. Ripple has started as an official organization, as its main focus is to be used by banks. So it is not a subject of multiple regulation checks as many other cryptocurrencies. Ripple has the ability to be exchanged to any currency or valuable (like gold) with a unified minimal commission.

Question 11

How is Litecoin different from Bitcoin? add

Answer

Among hundreds of other cryptocurrencies have entered the market. Litecoin (LTC) is one non-Bitcoin crypto that has managed to stand up to the competition. By far the most fundamental technical difference between Bitcoin and Litecoin are the different cryptographic algorithms that they employ. Bitcoin makes use of the longstanding SHA-256 algorithm, whereas Litecoin makes use of a comparatively new algorithm known as Scrypt.

Question 12

How to Store Your Litecoin? add

Answer

Litecoins, as well as other cryptocurrencies, are stored in digital wallet. The digital wallet can be hardware-based or web-based. The wallet can also reside on a mobile device or a computer desktop. Every wallet contains a set of private keys without which the bitcoin owner cannot access the currency. Without the private key, users can't get access to their wallet and will never see their coins again.

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