While Okcoin has been a long-standing player in the cryptocurrency exchange market, some users have reported issues with customer support and withdrawal processes, leading many to explore other platforms. This article will delve into what Okcoin offers and the reasons you might look for an alternative. We will also present other options for banking and global payments tailored to different requirements.
What is Okcoin?
Founded in 2013, Okcoin is a globally licensed cryptocurrency exchange that aims to make crypto investing and trading accessible to everyone. It offers a user-friendly interface, a mobile app, and an Earn Program that allows users to gain crypto rewards by staking their assets.
The platform employs a tiered fee structure based on a user's 30-day trading volume, with rates decreasing as volume increases. While Okcoin does not charge for deposits, withdrawal fees vary depending on the cryptocurrency and method used.
What to Consider When Selecting a Okcoin Alternative?
When searching for a platform to replace Okcoin, it's important to weigh several key aspects:
- Customer Support: A responsive and helpful support team is vital for resolving issues with accounts or transactions quickly.
- Fee Structure: Understand the costs associated with trading, deposits, withdrawals, and currency conversions to avoid unexpected charges.
- Fiat and Crypto Capabilities: The platform should offer straightforward conversion between traditional currency and cryptocurrencies to support your financial operations.
- Security and Reliability: Ensure the platform has robust security measures and a track record of dependability to protect your assets.
- Integrated Financial Tools: Look for features that simplify tasks like payroll and expense management, especially if you are running a business.
If these factors resonate with your needs, explore the alternatives we've detailed in the next section.
10 Best Alternatives to Okcoin
1. OneSafe
At OneSafe, we offer a finance platform built to modernize banking for businesses, particularly those operating in the Web3 and crypto spaces. Our goal is to provide the essential tools for effortless fund management, quick payments, and access to both traditional and digital assets.
Our platform offers a direct 1:1 conversion from USD to USDC on Polygon, which simplifies global payroll and expense management. Businesses also appreciate our responsive customer support and the platform's reliability for handling crypto-based payments.
Pricing
Here's a glance at our straightforward pricing:
- Free Account Services: We believe in transparent banking, which is why we offer free account opening and maintenance, no monthly subscriptions, and complimentary virtual and physical card issuance.
- 0.1% Domestic & USDT Transactions: Enjoy low-cost money movement with a simple 0.1% fee on US domestic transfers (ACH & wires) and USDT transactions.
- 0.2% International Payments: For your global needs, we charge 0.2% for SEPA (EUR) payments and international wires, plus a $50 SWIFT fee for the latter.
- Included Fiat-to-Crypto Conversion: We provide direct fiat-to-crypto conversions at market rates with no hidden fees, making digital asset management straightforward.
- Flat-Rate & FX Fees: For specific transactions, we offer a $25 flat fee for Fedwire domestic wires and a 3% fee for non-USD spending on corporate cards.
Reviews
Our clients often highlight our exceptional customer support and our platform's effectiveness in streamlining financial operations for businesses, especially those in the Web3 space. Users find that we solve major banking headaches and simplify processes like payroll and expense management.
- Amit Chu, Investments @ Celo Foundation: “OneSafe has the best customer support I've ever experienced from a bank.”
- Marco, CEO of Ensuro: “OneSafe is a game-changer. They solve so many headaches for our company. Finally a banking solution that gets it.”
Want to learn more? Check us out here.
2. Soldo
Soldo is a spend management solution designed to help businesses control their expenses. It provides a platform that combines an application with various payment methods to manage company spending.
The platform offers real-time monitoring of multi-currency expenses, customizable user roles, and integration with accounting software. This allows employees to make purchases while the company maintains financial oversight, which can enhance productivity and reduce administrative tasks.
Pricing
Soldo provides a tiered pricing structure, but specific details are not publicly disclosed. The company offers a free trial period, and it is recommended to contact them directly for detailed pricing information.
Reviews
User reviews indicate some customers have reported issues with the platform, including login problems, slow statement delivery, and difficulties with account closure. Customer support receives mixed feedback regarding response times and the quality of assistance. Check out more Soldo reviews here.
3. Fiducial Banque
Established in 2014, Fiducial Banque is an online banking institution that serves professionals, small to medium-sized enterprises (SMEs), and associations. It operates as a subsidiary of the Fiducial Group and offers various banking services, including business loans and leasing options.
The bank provides clients with a dedicated advisor upon account opening and a digital system for 24/7 online account management. Its tiered account packages, starting at €12 per month, include a professional current account, a Visa Business card, and unlimited SEPA transfers.
Pricing
Here's a glance at their pricing:
- €12 excluding tax per month PRO Base: This package includes a professional current account, a dedicated banking advisor, 24/7 online banking access, a Visa Business debit card, unlimited SEPA direct debits and transfers, and check deposit services.
- €25 excluding tax per month PRO Plus: This tier encompasses all PRO Base services, plus the ability to accept card payments from clients, a Visa Business debit card with immediate or deferred debit options, and the provision of checkbooks.
- €45 excluding tax per month PRO Excellence: This package includes all PRO Plus services, with the addition of unlimited account movement commissions, one free cash deposit per month through a partner network, and a Visa Premier debit card with deferred debit.
Reviews
User feedback indicates some clients have experienced issues with customer service responsiveness and technical problems with the bank's digital platforms. Check out more Fiducial Banque reviews here.
4. Tide Bank
Tide is a UK-based financial technology company established in 2015, offering mobile-first banking services tailored for small and medium-sized enterprises (SMEs). The platform provides current accounts, automated bookkeeping, integrated invoicing, and integration with popular accounting software.
Businesses can open an account in minutes through the Tide app, which also includes built-in accounting and tax tools. The service facilitates cash deposits at UK Post Office or PayPoint locations, provides expense cards for team spending, and supports international payments.
Pricing
Here's a glance at their pricing:
- No monthly fee Free Plan: Charges include 20p per UK transfer, £1 per ATM withdrawal, and a 0.99% fee (minimum £2.50) for cash deposits at the Post Office.
- £12.49 + VAT per month Smart Plan: Includes 25 free UK transfers, one free expense card, and priority in-app support. Foreign currency card transactions have a 2.75% FX fee.
- £24.99 + VAT per month Pro Plan: Offers unlimited free UK transfers, two free expense cards, and 24/7 phone and legal support. Foreign currency card transactions are fee-free.
- £69.99 + VAT per month Max Plan: Provides unlimited free UK transfers, three free expense cards, and a dedicated account manager. Foreign currency card transactions are fee-free.
Reviews
User reviews mention issues with customer support, citing slow response times and difficulties with account access or verification. Check out more Tide Bank reviews here.
5. N26
N26 is a German fintech company founded in 2013 that offers a fully mobile banking experience. The platform provides services such as transaction accounts, debit cards, overdrafts, and investment products.
It delivers real-time banking through a user-focused app interface for managing finances. The service also incorporates tools designed for organizing spending and savings.
Pricing
Here's a glance at their pricing:
- Free N26 Standard: A free account with no maintenance fees or minimum balance requirements, which includes a virtual Mastercard for online purchases and mobile payments.
- €4.90 per month N26 Smart: This account provides tools for spending and saving, with the ability to add up to 10 sub-accounts.
- €9.90 per month N26 Go: This account is designed for travel and includes benefits like free ATM withdrawals abroad and travel insurance.
- €16.90 per month N26 Metal: This premium account comes with a metal card, travel insurance, and priority customer support.
Reviews
User reviews often cite issues with customer support, including slow responses, along with reports of sudden account closures and frozen funds. Check out more N26 reviews here.
6. Blank
Blank is a French company offering online professional accounts designed for freelancers and small businesses. The service provides users with a French IBAN, a Visa Business card, and tools for simplified accounting.
The platform includes automated Urssaf declarations and integrated functions for creating and managing quotes and invoices. It also offers professional insurance solutions and access to partner deals to meet various business needs.
Pricing
Here's a glance at their pricing:
- €6 excluding tax per month Simple: includes 30 SEPA transfers, quote and invoice creation tools, automated Urssaf declarations, and expense tracking.
- €17 excluding tax per month Confort: includes all Simple plan features plus phone support (5 days a week), 30 additional SEPA transfers, higher card limits, and income maintenance insurance.
- €39 excluding tax per month Complète: includes all Confort plan features plus unlimited SEPA transfers, email and phone support (6 days a week), and higher card limits.
Reviews
User feedback for Blank is mixed. Some customers report issues with the account closure process and delays in accessing their funds. Check out more Blank reviews here.
7. Everestcard
Everestcard is a neobank designed for business financial management, offering instant issuance of both virtual and physical Mastercard credit cards. This enables businesses to provide their teams with immediate access to funds for company expenses.
The platform provides 100% online management, allowing for real-time control over cards and expenses through a dashboard. It also includes expense management tools like automated reports, digital receipt scanning, and transaction history tracking.
Pricing
Here is a look at their pricing:
- €20 per month Standard Plan: This plan includes up to three Mastercard credit cards, both virtual and physical, and access to expense management tools.
- €5 per month Additional Card: Each card beyond the initial three incurs a monthly fee of €5.
- 90-Day Free Trial: The platform offers a 90-day trial period for businesses to use its features before subscribing.
Reviews
Available user feedback for Everestcard is limited, but points to concerns about reliability, slow customer support, and account access problems. Check out more Everestcard reviews here.
8. VIALET
VIALET is a Lithuanian Electronic Money Institution established in 2017, offering digital banking services for small and medium-sized enterprises. The company provides dedicated International Bank Account Numbers for SEPA, SEPA Instant, and SWIFT transactions, along with card processing solutions.
It supports various payment methods, including C2B, B2B, and B2C transactions, and provides banking APIs and mass payouts. Additionally, VIALET accepts payments to and from cryptocurrency processors and offers accounts for EU-licensed crypto exchanges.
Pricing
VIALET does not publicly disclose detailed pricing information on its website. To obtain specific pricing, prospective clients must fill out an application, after which a specialist provides an initial price list that may be customized.
Reviews
User reviews mention issues with unprofessional behavior, poor customer service, and difficulties during the account opening process, citing excessive information requests and prolonged response times. Check out more VIALET reviews here.
9. Bunq
Bunq is a Dutch fintech company founded in 2012 that provides mobile banking services across 30 European countries. It offers both personal and business accounts with features such as multiple International Bank Account Numbers (IBANs) and multi-currency support.
The platform includes a public API for developers and incorporates a sustainability initiative by planting trees for users based on their subscription plan. Customers also have the option to direct their investments toward environmental projects.
Pricing
Here's a glance at their pricing:
- Free bunq Free: This plan is for sole proprietors and includes 3 bank accounts with IBANs.
- €7.99/month bunq Core: This plan includes 3 bank accounts with IBANs.
- €13.99/month bunq Pro: This plan includes 5 bank accounts with IBANs.
- €23.99/month bunq Elite: This plan includes 25 bank accounts with IBANs.
Reviews
User feedback often mentions the app's interface, budgeting tools, and features like cryptocurrency exchange. Some users have reported issues with customer support, citing slow response times and challenges in resolving problems. Check out more Bunq reviews here.
10. Axos Bank
Axos Bank, established in 2000 as Bank of Internet USA, is a digital bank that provides a variety of financial services. It offers personal and business banking, lending, and investment solutions to its clients.
The bank provides competitive interest rates on some accounts, along with low or no-fee options for certain services. Account holders have access to their funds through a large network of ATMs.
Pricing
Here is a look at their pricing:
- No Monthly Fee Basic Business Checking: This account has no monthly maintenance fees and includes unlimited fee-free transactions and free incoming wires.
- $10 Monthly Fee Business Interest Checking: The fee is waived with an average daily balance of at least $5,000. It offers a 1.01% APY on balances up to $49,999.99.
- No Monthly Fee Business Premium Savings: This account has no monthly maintenance fees and provides a 3.80% APY.
Reviews
User feedback for Axos Bank is mixed, with some customers reporting issues related to account restrictions and the mobile app's performance. Check out more Axos Bank reviews here.
Which One Should You Go With?
Choosing the right financial platform depends on your specific needs, and any of the alternatives listed can be a great replacement for Okcoin. However, if you're a business looking for a modern banking solution that understands the crypto world, we believe OneSafe is the ideal choice. Ready to simplify your finances? Sign up for OneSafe today.
