About Velic.io
Velic.io is an exchange from Singapore that launched in 2018. There are numerous other exchanges from Singapore. Singapore has really established themselves as one of Asia’s largest crypto hubs.
VELIC Platform provides a comprehensive solution for crypto-assets that delivers highest quality crypto-related services under a single integrated-user-account. The services are built upon an innovative secure storage infrastructure which simultaneously offers security and accessibility – traits which are typically mutually exclusive. With a heavy focus on security, VELIC aims to transform the crypto-finance experience for everyone.
Experience a wide range of crypto investment services with VELIC, a user friendly crypto finance platform. Velic.io stands for Vault, Exchange, Loan and Investment for Crypto-asset services. Interface designed to allow users to trade and invest easily and efficiently.
| Exchange | Details |
|---|---|
| Exchange Name | Velic.io |
| Exchange Type | Cryptocurrency |
| Trading Fee | 0.15% |
| Deposit Fee | Free |
| Maker Fee | 0.20% |
| Taker Fee | 0.20% |
| Maker Fee | 24/7 |
| Top Country | India |
| Website | Homepage |
How To Sign Up & Start Trading
VELIC Trading fees
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
VELIC Withdrawal fees
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 The withdrawal fee is usually fixed (regardless of the amount of cryptocurrency units withdrawn).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.io 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.
Deposit Methods
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.
VELIC Platform
VELIC Platform provides a comprehensive solution for crypto-assets that delivers highest quality crypto-related services under a single integrated-user-account.
Services
Services are built upon an innovative secure storage infrastructure which simultaneously offers security and accessibility – traits which are typically mutually exclusive.
With a heavy focus on security
With a heavy focus on security, VELIC aims to transform the crypto-finance experience for everyone.
Features
Vault
Velic.io Securely store access to crypto assets. Includes key loss prevention and solutions for the transfer of assets in case of extreme event.
Exchange
Deliver the best crypto asset trading experience and environment by hosting a safe and transparent crypto-to-crypto trade service.
Loan
Borrow or lend crypto assets at preferential rates.
Investment
A range of investment products used to achieve varying degrees of exposure to the crypto assets Securely store access to crypto assets.
Crypto Asset
All these services will be based on Crypto Asset.