US investors permitted
A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Ovis consists of four parts: general information, fees, deposit methods and security.
Ovis is a Turkish cryptocurrency exchange. Turkey has a surprisingly large number of cryptocurrency exchanges. Bithesap is one of them, but there are many many more.
Ovis does not explicitly state that US-investors are prohibited from trading. A reasonable assumption is therefore that they can trade here. Any US-investor should in any event form their own opinion on what impacts any cryptocurrency trading here would result in.
This exchange launched in October 2017 and has demonstrated a somewhat shifting liquidity since then. At the date of writing this review (2 October 2018), Ovis has place 97 with respect to exchanges’ size of 24 hour trading volume with a 24 hour trading volume of approximately USD 2.5 million. This could be a troubling factor for any investor looking to make a bigger trade at Ovis.
Ovis Trading fees
This exchange offers a flat trading fee of 0.20%. Accordingly, it does not distinguish between takers and makers. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model. 0.20% is also in line with the global industry average.
In the domestic perspective, looking only at Turkish cryptocurrency exchanges, Ovis’ trading fees are below the industry average. Out of the 9 Turkish cryptocurrency exchanges, the average taker trading fee is 0.27%.
Ovis Withdrawal fees
We have not been able to find any information on this exchange’s withdrawal fees. This is potentially a risk for you as an investor. Whenever an exchange does not inform of a fee, there is a higher risk that such fee is high. Accordingly, we strongly urge you to make your own analysis of the withdrawal fees here before depositing any funds here and before concluding that it is the best cryptocurrency exchange site for you.
This exchange offers wire transfer as a deposit method, but you can’t deposit via credit card.
We run all exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/). The score in such test is one of many indicators of the exchange’s security. Ovis only received an F-score in this test. This is below industry average and is thus not a competitive advantage at all for this exchange.
If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.