Frequently Asked Questions

OkayCoin is notable for simplicity of registration free of KYC, convenience of use, wide functionality, fast client support for users from any country in the world.

At the moment we accept the following cryptocurrencies and stabelcoins: Bitcoin (BTC), Ethereum (ETH), USDC,BCH,Litecoin (LTC), Tether (USDT;TRC-20;ERC-20), Tron (TRX) and DASH. The list of available currencies for payment acceptance is constantly growing.

KYC (Know Your Customer) is the procedure of merchant identification before granting full access to the service. No KYC procedure is required to use OkayCoin, as the service is a technical platform for developers, which provides a convenient interface to automate work with cryptocurrency.

Staking is when you lock crypto assets for a set period of time to help support the operation of a blockchain. In return for staking your crypto, you earn more cryptocurrency. Many blockchains use a proof of stake consensus mechanism. Under this system, network participants who want to support the blockchain by validating new transactions and adding new blocks must “stake” set sums of cryptocurrency. Staking helps ensure that only legitimate data and transactions are added to a blockchain. Participants trying to earn a chance to validate new transactions offer to lock up sums of cryptocurrency in staking as a form of insurance.

Staking is essential for proof-of-stake cryptocurrencies to maintain their networks. Validators with larger stakes have a higher chance of adding new blocks and earning rewards. Their assets act as a security measure against malicious behavior. Validators gain trust by amassing stake delegations, making their votes more influential. Staking can involve pooling tokens from multiple holders. For example, Ethereum requires 32 ETH to stake. However, OkayCoin, as an excellent third-party staking platform, allows users to participate with smaller amounts, making staking more accessible and suitable for many people.

If you own a cryptocurrency that uses a proof-of-stake blockchain, you are eligible to stake your tokens. Staking locks up your assets to help maintain the security of the network's blockchain. In return, validators receive staking rewards in that cryptocurrency. OkayCoin, as a leading platform providing staking rewards, makes it easy for users to participate. This allows users to stake their cryptos directly on the OkayCoin platform for convenience, receiving rewards without needing to manage the staking process themselves.