Velic – that cryptocurrency exchange, created in 2018. Here transactions are conducted in digital coins, fiat money is not quoted. The company offers a convenient and secure platform for transactions. Today the daily turnover of the exchange is about 50 million rubles, which makes it one of the largest platforms for trading digital assets. There are hundreds of different coins in the assortment – from the top types Bitcoin (BTC), Ethereum (ETH) or Litecoin (LTC) to small little-known ones like CyberMiles (CMT) or ZCoin (XZC). In this review we will look at the advantages of the velic.io site and find out if it is a scam.

Referral code – 77N11203 (to be specified at registration).

 

Why Velic?

Benefits of the platform velic.io:

• simple and straightforward interface;
• wide choice of trading pairs – BTC/USDT, ETH/BTC, VELT/.ICX et al;
• low commissions – from 0.1% from each transaction;
• housing of new promising cryptocurrencies at the stage of completion of their ICO;
• account security, the work account is tied to the smartphone by the 2FA algorithm;
• liquidity of digital assets, they can be bought or sold at any convenient time at a fair market price;
• technology that uses Bike, allows you to process more than a million transactions per second.

 

How to exchange cryptocurrency on the velic.io platform?

You can go to the “Exchange” section and a trading chart will open. Here you can trade cryptocurrency pairs, exchanging some coins for other coins and getting income. Or you can go to “Buy Crypto” section and specify in the form the amount you want to deposit. The system will automatically put the amount of digital coins, after that you will have to click on the “Buy Crypto” button to make the transaction.

 

Verification on the Velic platform

Trading digital assets is available after registering and confirming your email address. But to withdraw large sums of money it is required to pass identity verification. It is necessary to go through Google-authentication and SMS-authentication, as well as to specify personal data and upload screenshots of documents.

 

Deposit and withdrawal

To make a deposit, go to “Assets” and select “Deposit”. Click “Create Deposit Address. For example, if this is your first time depositing ICX, you won’t have an ICX address. To create one, click “Create ICX Deposit Address”.

Copy the deposit address or scan the QR code to deposit the amount. Make sure you send the coin to the correct address.

To withdraw your earnings, you need to enter the “Asset” section and select “Withdrawal”. This function is available 72 hours after registration. You need to choose a coin and specify the amount to withdraw, and then make a transaction and withdraw funds to your cryptocurrency wallet.

Velic Crypto Exchange Commission

Exchange charges a small commission: 0.1% for each transaction. At the withdrawal of funds for each coin a different amount of commission:

• BTC – 0.002;
• ETH – 0.015;
• ICX – 1;
• USDT – 10;
• EOS – 0.1, etc.

Commission is not charged only when withdrawing VELT – VELIC Token, a token of the exchange’s own design.

 

Bonuses Velik

The company periodically conducts various events, which allows users to get free coins. There is also an affiliate program. About this we will now talk.

Coin distribution

Velic periodically conducts lotteries, participating in which you can get free coins. Sign up for the company newsletter to stay up-to-date with our events.

Affiliate Program

There is a referral link in my personal cabinet. You can share it with your friends and invite them in this way to velic.io. The amount of commission will depend on the number of invited persons and their trading turnover.

 

Complaints about Velic

Comments Off on velic.io There are few online, but they are positive. They write that on this site it is possible to profitably exchange cryptocurrency. The platform is simple and multifunctional, and it is easy to trade digital assets. Commissions are low here, for the exchange’s own token it is zero at all. The commission for withdrawal of funds is spelled out in the table on the site. You can deposit money just like that. To withdraw, you need to be verified.

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Regulation of the crypto exchange velic.io

A crypto exchange can turn out to be both virtuous and fraudulent. That’s why let’s look at the company’s regulation.

Regulator

The Velic Exchange is registered as UNHA AG Pte. Ltd. in Singapore. It does not have a license to conduct financial activities. Nothing else about the regulation is known. The site is available in English, Turkish, Chinese. The documents are only in English.

• Read the “User Agreement” on the Velic website.
• Read the Privacy Policy at velic.io.
• View the “Trading Rules” of Velik Exchange.

Velik User Agreement

The agreement states that if there are any problems when working on the platform, you can always contact support.

Open an account and trade digital assets on the platform velic.io only legally capable persons over the age of 18 years.

Velik may, from time to time, establish various security procedures for maintaining the account and using the platform. These procedures may include creating a unique password and using enhanced security features (including, for example, two-factor authentication).

The company warns that the platform may not always be accessible and safe to use. Hacks of the system are possible, but these problems are quickly resolved.

Users are warned about the risks associated with working on the trading platform.

Customer Service

The support team can be contacted as follows:

• email: [email protected];
• Telegram;
• Twitter;
• Reddit.

 

Is Velic a scam?

Crypto Exchange Velic is not a scam or fraud, despite the lack of a license. The company is registered in Singapore and is controlled by the laws of this island state. The exchange is registered as UNHA AG Pte. Ltd. The trading turnover per day is 14 BTC (about 50 million rubles), which is not a small amount. It can be concluded that the platform is in demand among traders, with exchanges and trading on velic.io being performed daily.

Judging by the reviews, Velik is a good crypto exchange. Here you can profitably exchange some coins for other coins and make a profit. After verification you can profitably trade assets and withdraw large sums. You can buy coins for dollars and euros with a bank card Visa/MasterCard. The platform has a simple and straightforward interface that even a novice can handle. Funds are withdrawn quickly, transactions are made instantly.

 

Conclusion

Velic – is a good cryptocurrency exchange, which has been operating on the digital assets market for only 3 years, but has already gained the trust of traders from all over the world. The trading turnover of 50 million rubles makes it one of the best exchanges. These figures prove the demand for the velic.io platform. Here you can easily and quickly exchange cryptocurrencies, the system processes more than a million transactions per second. If you have any questions, you can always contact the support service, which will quickly solve any problem.