Which is the most secure Cryptocurrency trading platform? KoinOK it is!


KoinOK - Cryptocurrency Exchange
KoinOK is the latest entrant in the Indian Cryptocurrency Market. KoinOK is a Digital Asset trading platform allowing its users to trade in multiple cryptocurrencies such as Ethereum and Ripple. The platform is supported with super flexible Blockchain and thus KoinOK promises to launch many other cryptocurrencies soon.

KoinOK exceptionally stands out in - Security, Speed and Availability. Under security, they have end-to-end data encryption, multi-signature key management system and two-factor authentication using google authenticator for preventing any security breach. Their backend architecture has been built as a combination of various internal services which can auto-scale independently to handle thousands of transactions per second. Moreover, the support team is available 24*7 to ensure efficient trading.

Due to high competition in the market, the trading fees on KoinOK are reasonable low as compared to other exchanges. KoinOK is truly quick, easy and secure platform for crypto enthusiasts. So, why wait? Create your account on KoinOK now.

How to get started?

Registration
1. Visit the official site of KoinOK. Click either on “Sign Up” or “Create Account” button.
How to create Account on KoinOK

2. Click either on “Sign Up” or “Create Account” button. Enter your email address and Password. Accept Terms & Conditions and hit “Sign Up” button.
Note: Password should be at least 8 characters in length and should include at least 1 uppercase letter, 1 number and 1 special character.

3. An OTP will be sent to your registered email address and note that it gets expired after 2 mins. Enter OTP and hit “Submit” button.

4. Next, you will be redirected to Login screen. Enter your email address and password. Click “Login” button and you will be asked again to enter OTP. Enter your new OTP received via email.

Hurray! You have successfully created an account on KoinOK. Now, let's move to the next step - Verification of KYC details

Verify your KYC details

1. Login to KoinOK’s website.
2. Enter your mobile number to verify and click “Verify”. Enter the OTP that you received on your mobile and Click “Ok”. You have now verified your email address and mobile number.

3. Now as you can see your Account Status is “Pending”. So to get it approved and start trading, you need to complete 3 steps as mentioned below
a. Fill up your below mentioned personal details
  • Full Name
  • Birth Date
  • PAN Number
  • Aadhar Number
  • Gross Annual Income
  • By default residential status is selected to “Indian”. Leave it as it is.
  • Permanent Address, State, City, Pincode as per Aadhar Card. 
Click “Next”, once you have filled these details.

b. Enter valid Bank Details
  • Write down your IFSC Code and click “Check”. Automatically it will fetch Bank and Branch Name.
  • Bank Associated Mobile Number
  • Account Holder Name
  • Account Number
  • Account Type
Click “Next” to continue.

c. Upload KYC documents
  • PAN Card
  • Bank Statement/ Cancelled Cheque
  • Aadhar Card Front and Back
  • Photograph
Note : Only JPG, JPEG and PNG files are allowed. Also, the files should not exceed more than 3MB.

Once uploaded, click “Done”. As soon as you click “Done”, your account status will change to “Submitted” and you will receive a confirmation mail on successful submission of KYC application.

I must say, their verification process for KYC approval is very fast as compared to other exchanges. I got my KYC application approval within 5 mins. Once approved, your account status will change to “Approved”.

Apart from these, they have highly built-in security features. I strongly recommend to Enable Google Authentication. If you are new to this feature and don't know how to do, then here is the quick guide for you - Steps to Enable Google Authentication.


How to buy/sell cryptocurrency on KoinOK?
To start trading on KoinOK, you need to first deposit INR.

How to Deposit INR into your KoinOK Account?
1. Login to KoinOK’s website. On the menu bar, click “Wallets”.

2. Under INR section, click “Deposit” and a pop up will appear asking you to select the payment mode - IMPS, RTGS, NEFT. Select as per your preference and a drop-down menu will be displayed showcasing the bank details.
How to trade on KoinOK?
Note : Deposit limits of IMPS, NEFT RTGS
           IMPS: Minimum amount: Rs. 500, Maximum amount: Rs. 1,00,000
           NEFT: Minimum amount: Rs. 500, Max : Rs. 2,50,000
           RTGS: Minimum amount: Rs. 2,00,000, Max: Rs. 10,00,000

3. Next, Login to your net banking site. Transfer the funds to KoinOK’s account as per the information shown in the drop-down menu.

4. This is a crucial step and users generally skip this step. Once you have transferred the funds using net banking, again visit KoinOK’s site, and hit “ Submit Deposit Request” as shown above.

5. Enter Payment reference ID and the deposit amount. Note: The Deposit amount should be same as the transferred amount that you mentioned on net banking site. Click “Confirm”.

6. Your deposited INR will be shown under INR wallet within 1-3 working days.

How to buy Ethereum on KoinOK?
Now, you can start trading as you have INR in your wallet. So, first let’s see how to buy Ethereum.

1. On the top menu bar, click “Exchange” and select Ethereum from the drop-down menu.
Buying Ethereum

2. Under Buy Section, enter the quantity of Ethereum that you want to buy and the price at which you purchase Ethereum.

3. Click Buy and pop up will appear concluding your Total amount inclusive of trading fees. After confirming, click “Ok”.

Congrats you have successfully placed your first buy order on KoinOK. Similarly, you can buy other cryptocurrencies on KoinOK.

How to Sell Ethereum on KoinOK?
1. On the top menu bar, click “Exchange” and select Ethereum from the drop-down menu.

2. Under Sell Section, enter the quantity of Ethereum that you want to sell and the price at which you sell Ethereum.
Selling Ethereum

3. Click Sell and pop up will appear concluding your Total amount inclusive of trading fees. After confirming, click “Ok”.

Congrats you have successfully traded on KoinOK. Similarly, you can sell other cryptocurrencies on KoinOK.

How to Withdraw INR from your KoinOK account?
1. Make sure you are logged into the KoinOK trading platform.

2. Click “Wallets” and under INR section, hit “ Withdraw”.

3. Select the Withdrawal type - IMPS, RTGS, NEFT and enter the withdrawal amount. Next, Click on “Submit Withdrawal Request”. That’s it. Soon, depending on your Withdrawal type, the amount will be deposited in your registered bank account.



Tip : Trade cryptocurrencies smartly by setting price alerts for different cryptocurrencies using StalkOwl Crypto platform. By doing so you will get alerts directly in your Inbox and not have to continuously check the prices of cryptocurrencies on different exchanges. If you are new and don’t know how to set alerts, check this - Set Price Alerts for Cryptocurrencies.


So, what are you waiting for? Register now on KoinOK and start trading. Share with us your review on KoinOK in comments!
Which is the most secure Cryptocurrency trading platform? KoinOK it is! Which is the most secure Cryptocurrency trading platform?  KoinOK it is! Reviewed by StalkOwl on April 02, 2018 Rating: 5

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