Exchange revisión


Comisiones de intercambio

BTC Comisiones de extracción 0.002 Comisión del tomador 0.20% Comisión del creador 0.15%

Métodos de depósito

No Wire Transfer Yes Credit Card

VELIC is a centralized cryptocurrency exchange from Singapore that launched in 2018. VELIC is apparently an acronym. It stands for Vault, Exchange, Loan, Investment and Crypto Asset. The acronym is further explained in this picture:

VELIC Acronym

Based on the information presented on this exchange’s website, US-investors can trade here. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.

Most people do their crypto trading on their desktops. But there are people who prefer to do it on their cell phones instead. If you are one of those people, you’ll be happy to know that VELIC is also available as an app for your iPhone or Android phone.

Velic Mobile Support

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. This is the trading view at VELIC:

Velic Trading View

Trading fees are naturally very important. Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. At this exchange, they divide between takers and makers. Takers are the one who “take” an existing order from the order book, while makers “make” the orders that get taken. 

VELIC offers a trading fee of 0.15% for makers, and 0.20% for takers. The trading fees are also reduced based on trading volume and holdings of VELIC’s native token, the VELA, as set out in the below table:

VELIC Trading Fee Discount Table

VELIC's fees are perfectly fine, from an industry comparison perspective. Industry average has for a long time been 0.25%, but we are currently seeing a shift towards lower fees (such as 0.10% - 0.15%).

Another fee to consider before choosing which exchange to trade at is the withdrawal fee. The withdrawal fee is usually fixed (regardless of the amount of cryptocurrency units withdrawn). It varies from cryptocurrency to cryptocurrency. The global industry average withdrawal fee is slightly above 0.0006 BTC when you withdraw BTC.

VELIC charges you 0.002 BTC (which by the end of 2020 was around USD 50) per BTC-withdrawal. This means that their BTC-withdrawal fee is more than three times higher than the global industry average, and thus very disadvantageous to its traders. We hope VELIC lowers this withdrawal fee very soon.

This exchange accepts credit card deposits, so it actually qualifies as an “entry-level exchange”. Wire transfers are however not possible. If you need to find an exchange where wire transfer is also an available deposit method, you can do so by using our Exchange Finder tool.