Compare IDAX vs Okcoin
On this page, you can compare IDAX with Okcoin. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. IDAX was founded in 2017 in Mongolia. Okcoin was founded in 2013 in USA.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is Okcoin. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
IDAX is Centralized and Okcoin is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
IDAX has a mobile app available for iOS and Android. Okcoin has a mobile app available for iOS and Android.
IDAX has 3 languages available, including English, Korean and Chinese. Okcoin has 4 languages available, including English, Portuguese, Spanish and Chinese.
| Company | ||
|---|---|---|
| User rating | 39 user reviews | 6 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 39 user reviews | 6 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
IDAX was established in December 2017 and it is currently the only operating Mongolian cryptocurrency exchange. In 2019 the exchange was shut down.
|
Okcoin was created in China by Star Xu in 2013. Star Xu has a background in search systems and tech management. Before launching an exchange, he was working for Alibaba and Yahoo. Later, he created one of the top crypto exchanges — OKEx.
|
Founding Date
| 2017 | 2013 |
Country
| Mongolia | USA |
Type
| Centralized | Centralized |
Languages
| English, Korean, Chinese | English, Portuguese, Spanish, Chinese |
Mobile app
| iOS, Android | iOS, Android |
Full address
| 26 district Sunny town 830 Apartment3_293v, 661 Ulaanbaatar, Mongolia | Room 328, Block D, Yiquanhui, Shangdi East Rd, Haidian, Beijing, China 100085 |
Fees
|
Fee for trading: 0.2% trading fee Withdrawal fees: https://www.idax.mn/#/fee |
User Tier | 30-day Trading Volume (USD) | Maker Fee | Taker Fee Lv1 < 100,000 0.10% 0.20% P1 ≥ 100,000 0.07% 0.14% P2 ≥ 500,000 0.05% 0.10% P3 ≥ 2,000,000 0.03% 0.08% P4 ≥ 5,000,000 0.01% 0.07% P5 ≥ 10,000,000 -0.005% 0.06% P6 ≥ 20,000,000 -0.01% 0.04% P7 ＞ 30,000,000 -0.01% 0.03% . Full fee schedule: https://www.okcoin.com/fees.html |
| About |
IDAX was established in December 2017 and it is currently the only operating Mongolian cryptocurrency exchange. In 2019 the exchange was shut down.
|
Okcoin was created in China by Star Xu in 2013. Star Xu has a background in search systems and tech management. Before launching an exchange, he was working for Alibaba and Yahoo. Later, he created one of the top crypto exchanges — OKEx.
|
|---|---|---|
| Founding Date | Founding Date 2017 | Founding Date 2013 |
| Country | Country Mongolia | Country USA |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Korean, Chinese | Languages English, Portuguese, Spanish, Chinese |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address 26 district Sunny town 830 Apartment3_293v, 661 Ulaanbaatar, Mongolia | Full address Room 328, Block D, Yiquanhui, Shangdi East Rd, Haidian, Beijing, China 100085 |
| Fees |
Fees
Fee for trading: 0.2% trading fee Withdrawal fees: https://www.idax.mn/#/fee |
Fees
User Tier | 30-day Trading Volume (USD) | Maker Fee | Taker Fee Lv1 < 100,000 0.10% 0.20% P1 ≥ 100,000 0.07% 0.14% P2 ≥ 500,000 0.05% 0.10% P3 ≥ 2,000,000 0.03% 0.08% P4 ≥ 5,000,000 0.01% 0.07% P5 ≥ 10,000,000 -0.005% 0.06% P6 ≥ 20,000,000 -0.01% 0.04% P7 ＞ 30,000,000 -0.01% 0.03% . Full fee schedule: https://www.okcoin.com/fees.html |
Trading
IDAX trading volume is 1,178,556,765.0. The exchange has 263 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.
Okcoin trading volume is 2,556,040.0. The exchange has 34 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.
Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.
Volume
| 1178556765 | 2556040 |
Pairs
| 263 | 34 |
Coins
| 137 | 26 |
Fiat trading
| - | - |
Deposit
| No data | Depends on currency and volume |
Fees
| Percentage | Percentage |
Margin
| - | - |
| Volume | Volume 1178556765 | Volume 2556040 |
|---|---|---|
| Pairs | Pairs 263 | Pairs 34 |
| Coins | Coins 137 | Coins 26 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit No data | Deposit Depends on currency and volume |
| Fees | Fees Percentage | Fees Percentage |
| Margin | Margin - | Margin - |
Safety
Two factor authentication
Verified
| - | Unverified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified - | Verified Unverified |
Social
Website
| www.idax.pro | www.okcoin.com |
| @IDAXpro | @OKcoin |
Number of followers
| 8884 | 98700 |
| Website | Website www.idax.pro | Website www.okcoin.com |
|---|---|---|
| Twitter @IDAXpro | Twitter @OKcoin | |
| Number of followers | Number of followers 8884 | Number of followers 98700 |
Rating
| User rating | 39 user reviews | 6 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
IDAX user rating is 3.1, based on 39 user reviews. Okcoin user rating is 2.7, based on 6 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each exchange.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
|---|
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
On this page, you can compare IDAX with Okcoin. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. IDAX was founded in 2017 in Mongolia. Okcoin was founded in 2013 in USA.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is Okcoin. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
IDAX is Centralized and Okcoin is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
IDAX has a mobile app available for iOS and Android. Okcoin has a mobile app available for iOS and Android.
IDAX has 3 languages available, including English, Korean and Chinese. Okcoin has 4 languages available, including English, Portuguese, Spanish and Chinese.