KoinOK at its core is a digit asset trading platform which facilitate users to buy and sell popular digital assets in an open order book system. KoinOK aims to provide a one-stop solution to trade cryptocurrencies in India in a quick, easy and secure manner. We have primarily focussed on solving issues related to security and support which seems to be the major concern with all the existing cryptocurrency exchanges in India and worldwide.
We have built our own wallets and trading service from scratch and refrained from using any white label products in the entire platform to avoid any major security lapse. Beside this, we have done end-to-end data encryption, multi-signature key management system and two-factor authentication using google authenticator for preventing any unauthorized usage of the account. Our trading engine has been built over most efficient trading algorithms and is able to process thousands of transactions per second. We understand the criticality of the exchange downtimes especially with cryptocurrencies where the prices can change significantly in matter of few hours. Our backend architecture has been built as a combination of various internal services which can auto-scale independently to handle high load conditions and provide 24*7 trading access without any downtime.
Financial products which mostly deals with handling significant amount of money have to solve the most fundamental problem which is TRUST. Users should believe in the product and team that their money is safe on the platform. We have invested heavily in the platform security and support teams to provide users a peace of mind and focus on trading; leaving everything else to team KoinOK. To trade on the platform, users should register on the platform and complete the KYC process online by submitting the identity and address proofs. These systems have been put in place to ensure that the money used for transactions is trackable and adhering to the Anti-money laundering guidelines issued by RBI, India.