Review on VELIC by Adedamola Adeniji
VELIC Exchange Provides Seamless Trading Platform For New Crypto Traders
Velic Exchange which is short for Vault, Exchange, Loan and Crypto is from Singapore launched 3 years ago.
VELIC hosts crypto to Crypto trade services in a safe and transparent ecosystem
It is equipped with both web and mobile trading interfaces, you can trade via your Android and iOS devices.
VELIC charges 0.15 percent on makers activities and 0.20 percent for takers, quite cheap for the industries' perspective.
However its withdrawal fee is quite high VELIC charges 0.002 BTC for Bitcoin withdrawal which is well over industries average of 0
This Exchange accepts fiat deposits so it qualifies as an entry level Exchange although you can't do wire transfer
Its security is top notch while protecting you against key loss on a highly transparent Ecosystem
So far it is a good platform to trade for newcomers
Pros
- VELIC accepts fiat deposits via debit and credit cards.
- It can be accessed through mobile app and web.
- Zero percent commission on debit/credit card deposits.
- Secure ecosystem and VELIC protects you against key loss.
Cons
- Web as at the time of writing this review isn't available.
