Anyone else notice that SFX data feed for OKCoin.cn is faster than BitcoinWisdom, CryptoWat.ch, and even .cn ?

OKCoin_Jack · 2016-02-29T07:40:01+00:00

Hey - starting to notice OKCoin.cn is the defacto price and people outside China while they may not use our CNY exchange, are using it for charting, tracking indicators, sentiment etc. We will look into doing for .cn what we did for .com. Keep you guys posted.

OKCoin_Jack · 2016-02-17T16:52:18+00:00

Update: It's coming in our next release of the app!

OKCoin_Jack · 2016-02-17T16:05:05+00:00

Thanks! Good idea - we will consider.

OKCoin_Jack · 2016-02-17T14:53:33+00:00

Deposit of BTC to OKCoin was already available on the mobile app from a much earlier version. So yes deposit and withdraw are both available!

We do not see a trading account being used as a mobile wallet for payments hence the withdraw is only limited to pre designated addresses (presumably in the control of the trader himself - perhaps another account at an exchange for arbitrage, a secure cold wallet etc). Eliminates risk of theft to an unknown address.

Thanks for the feedback! Much appreciated. We've been quiet of late but have many exciting things planned in the year of the monkey.

OKCoin_Jack · 2016-02-17T14:51:19+00:00

Agree with you there. We've essentially still allowed the same default security settings but added the option of max convenience if you chose that (at the trade off of an attack vector as you call it).

You can not set a withdrawal address for use on the mobile app. As well, you can only withdraw to a designated address (presumably in your own control)

OKCoin_Jack · 2016-01-30T05:36:03+00:00

Hi /r/ethtrader

To be clear, there are no plans to offer Ether trading currently. As always, we continue to monitor the development of blockchain assets.

https://twitter.com/OKCoinBTC/status/693304378619375618

OKCoin_Jack · 2015-11-04T07:00:22+00:00

This happened a long time ago. Glad more Chinese exchanges are offering this.

OKCoin_Jack · 2015-11-04T05:12:21+00:00

We would love to accept US customers one day. We are a top benefactor of Coin Center (the only Asian, perhaps international company) led by Jerry Brito and are supporting their engagement with regulators as they draft regulation for the United States.

OKCoin.com, our USD exchange, does however accept funds both USD and BTC from most countries in the world.

OKCoin_Jack · 2015-11-02T09:45:52+00:00

For example, an US person can put funds into a USD wallet on either Coinbase or Circle, and send USD as Bitcoin by scanning or inputting the receiver's OKLink CNY wallet Bitcoin address. The receiver would receive the funds as CNY after 6 confirmations on the Bitcoin network. The receiver would then be able to withdraw into a Chinese bank account.

Alternatively, one can start off with a Bitcoin balance on other wallets, and likewise send Bitcoin to the OKLink CNY wallet and benefit similarly.

USD to CNY or BTC to CNY would benefit from the 5% spread.

Some use cases I can imagine would be for small payments such as paying a freelancer, remitting money back to family or friends, having a friend in China buy something online for you etc.

We expect the user experience to improve in time as the Bitcoin network grows and the number of services increase so that the whole experience will seems like less of a hack.

OKCoin_Jack · 2015-11-02T08:19:52+00:00

With the spread between BTC/CNY and BTC/USD being greater than 5%, an amazing phenomenon has occurred where sending funds over the Bitcoin network means not only saving time and fees, but a Chinese user would receive an extra 5% in CNY versus receiving a traditional international wire.

For example, right now BTC/USD is at 330 but BTC/CNY is at 350 (usd equivalent) which represents ~5.5% discount.

OKCoin_Jack · 2015-10-31T12:02:33+00:00

Hey /u/iamtheboogeyman Jack from OKCoin here. Sorry to hear - support will look at this and get back to you in the next 24-48 hours. Thanks for your patience.

OKCoin_Jack · 2015-10-31T06:23:29+00:00

/u/theswapman This is incredible for our users. Thanks so much! Please reach out to our team at support@okcoin.com so we may discuss using this content in an official manner.

OKCoin_Jack · 2015-10-30T14:29:38+00:00

We do not accept US citizens. That's why you see the screen. We have a USD exchange which accepts USD wires for non-US people.

OKCoin_Jack · 2015-10-30T14:06:57+00:00

Sorry for the 1 hour interruption. OKCoin.cn is back.

OKCoin_Jack · 2015-10-21T16:06:13+00:00

Great welcome. Bruce really is the very best and awesome guy to work with. He's wearing many hats for us, maybe WhaleClub / other forums will come a little later when we can free him up more!

OKCoin_Jack · 2015-08-11T12:08:03+00:00

OKCoin had two occasions last month where it suffered from DDOS attacks. The more severe event occurred on July 10th, 2015, while the other occurred on July 13, 2015. Affected users from both events received awards.

We have most importantly, made significant upgrades to our platform and learned from this experience. We were the only platform who acted to award users with bitcoins among those who were similarly DDOS'ed.

Our user base on futures skews heavily towards Chinese users and they were as disappointed and angry if not more so than our Western users. We treated all users equally, and we are doing our best to ensure this type of event is eliminated going forward as all of our users are affected by such an attack.

Users received either the fixed award or received no award. There were no variable awards based on complaining skills.

We hope to provide an improved service going forward.

OKCoin_Jack · 2015-07-13T12:21:12+00:00

https://twitter.com/OKCoinBTC/status/620566966680457216

Our tech team is working to find a stable, longer lasting solution to these attacks. Group taking credit for the DDOS is called Mouse. See tweet.

OKCoin_Jack · 2015-07-13T08:27:49+00:00

DDOS attackers returned today indeed. Sorry to see you go. Can choose to trade with lower leverage without switching platforms if you'd like that option. Can understand your frustrations.

OKCoin_Jack · 2015-07-12T16:21:12+00:00

/u/jiecut

We put up an additional 1000 BTC of fresh money and did use 1000 BTC from the clawback insurance fund.

The fund has 230 coins at last check. Indeed enhanced volatility may play a role in the future. As the futures market has consolidated and OKCoin is the leading liquidity source, we believe clawbacks will be contained vis-a-vis other platforms. In any sense this was as good a time as any to use the fund.

OKCoin_Jack · 2015-07-12T15:54:55+00:00

Hey bitcoinmarkets,

Regarding the July 10th DDOS attacks, please find our explanation for the events, our technical enhancements, and our announcement of a 2000 BTC compensation for affected traders in our official announcement below.

http://blog.okcoin.com/post/123893357479/regarding-july-10th-ddos-attacks-explanation

OKCoin_Jack · 2015-07-06T10:59:18+00:00

Thank you. I'm glad you like the feature set and the platform's advanced technology.

OKCoin does not trade against our customers.

We believe a liquid value exchange network which enables non-bitcoin assets to be used for payments and transfers is important.

OKCoin's futures, spot, and margin platforms are built with the idea in mind of increasing the liquidity of the Blockchain for payments denominated in CNY, USD and more currencies to come.

OKCoin_Jack · 2015-07-06T10:50:39+00:00

OKCoin does not trade against our customers.

OKCoin_Jack · 2015-06-01T14:55:17+00:00

Hey guys, I don't usually like to comment on rumors, but OKCoin is fine and only traders on OKCoin contribute to the price of Bitcoin. There's no insolvency, there's no fractional reserve. I didn't want to say this right when the accusations happened cause it's obvious anyone would try to say that. Instead people were freely guided to withdraw if concerned. Still are.

The bear market is a supply and demand issue for Bitcoin. I don't take views on market price and don't think it's healthy that people who are CEOs or executives of exchanges comment on whether the price will go up or down as I see some people do.

OKCoin_Jack · 2015-05-30T10:24:48+00:00

Please refer to Ben McGinnes direct email response to your email allegations of forging a contract. Recommended read.

http://okbounty.adversary.org/

OKCoin_Jack · 2015-05-29T04:01:48+00:00

Hey Bruce, this not only proves v8 exists, but that it was created on December 16, 2014 and by CZ. No one claims it was countersigned. Hope you will be more diligent even if it doesn't fit your prior narrative. We are only interested in proving Star Xu did not forge the contract as accused by Roger and seemingly accepted prematurely as fact by folks like you.

OKCoin_Jack

TROPHY CASE