Compare IDAX vs Okcoin

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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 User rating 3 / 5 38 user review User rating 2.2 / 5 5 user review
Cryptogeek rating Cryptogeek rating 1 / 5 Cryptogeek rating 3.8 / 5
Trust Score How it works Trust Score 3.12 / 5 Trust Score 3.72 / 5

User rating

3 / 5 38 user review 2.2 / 5 5 user review

Cryptogeek rating

1 / 5 3.8 / 5

Trust Score

How it works
3.12 / 5 3.72 / 5

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

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

Twitter

@IDAXpro @OKcoin

Number of followers

8884 98700
Website Website www.idax.pro Website www.okcoin.com
Twitter Twitter @IDAXpro Twitter @OKcoin
Number of followers Number of followers 8884 Number of followers 98700

Rating

User rating User rating 3 / 5 38 user review User rating 2.2 / 5 5 user review
Cryptogeek rating Cryptogeek rating 1 / 5 Cryptogeek rating 3.8 / 5

Cryptogeek summary

IDAX user rating is 3, based on 38 user reviews. Okcoin user rating is 2.2, based on 5 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?
Trust Score: 3.12 / 5
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Trust Score: 3.72 / 5
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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.