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HomeExchangeVelic Crypto Exchange Review: It Is Good Or Bad?

Velic Crypto Exchange Review: It Is Good Or Bad?

About Velic Crypto Exchange

Velic Crypto Exchange 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. They goal is to provide access to the crypto-finance arena for prudent investors, including institutions. The VELIC suite of crypto-financial services will include Asset Management, Loans and Vault Services. The platform will be tied together by the VELIC crypto exchange.

VELIC Platform provides a comprehensive solution for crypto-assets that delivers highest quality crypto-related services under a single integrated-user-account. They services are built upon an innovative secure storage infrastructure which simultaneously offers security and accessibility – traits which are typically mutually exclusive.

Velic Exchange Basic Points

Exchange NameVelic
Withdraw FeesN/A
LanguageEnglish
Deposit FeesFree. Small deposit fees apply.
Easy To Use Yes
Withdraw Fee0.002
Make Fee0.15%
Taker Fee0.20%
Support24/7
Customer Support Available At Ticket & Live Chat
Official SiteHomepage

How To Start ?

How To Sign Up At Velic Exchange?

It Is Very Easy To Sign Up At Zoomex Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Velic Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Velic Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

Trading Fee

Velic Crypto Exchange offers a tiered trading fee, detailed in the table below:

Maker FeeTaker FeeEligibility RequirementsLevel
0.15%0.20%≥ 0 VELAVELA 0
0.10%0.15%≥ 100,000 VELAVELA 1
0.075%0.10%≥ 1,000,000 VELAVELA 2
0.01%0.01%≥ 10,000,000 VELAVELA 3
0.00%0.00%Monthly Trading Volume ≥ 200 BTCVIP
  • Velic Crypto Exchange monthly trading volume is calculated as the cumulative trading volume from the 1st of the month to the relevant day, and the daily trading volume is evaluated at 00:00 UTC each day.
  • VELA Membership level is evaluated everyday at 00:00(UTC). (Go to VELIC Membership Page)
  • When you are subject to both VELA membership and VIP, the trading fee of VIP will be applied.

Taker

When you place an order that will be matched immediately with the existing order from the orderbook, you become a “taker”. In this case, your order(“Taker Order”) takes away the liquidity from the order book, and will be applied with the taker fee. Taker fees start at 0.20% and can go as low as 0.00%

Maker

When you place an order that won’t be executed immediately, resting in the orderbook, you become a “maker”. In this case, your order(“Maker Order”) provides the liquidity to the orderbook, and will be applied with the maker fee. Maker fees start at 0.15% and can go as low as 0.00%.

Mobile Support

Velic Crypto Exchange 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.

Features

Vault

Securely store access to crypto assets. Includes key loss prevention and solutions for the transfer of assets in case of extreme event.

Exchange

Velic Crypto 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

Velic Crypto Exchange 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.

Bixer Simond
Bixer Simond
Bixer Is Long Term Writer & Editor At Woodfi . His Hobby Is Writing Article For Wootfi Visitors . His Main Focus Area Is Crypto , Affiliate , Blockchain , NEFT , ICO . In Free Time He Loves To Research New Things
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