FIAT Deposits
FIAT Deposits by Credit Card & Debit Card | ||||||||||||||||||||
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Note: We accept FIAT funds deposits onto your account via most widely accepted Credit cards and Debit cards issued by banks that currently reside on our supported countries list. Processing of Credit and Debit card deposits into your account take place immediately and will be reflective in your exchange account wallet straight away. The fees levied on deposits cover our transaction charges and admin fees, should you have any questions regarding Credit and Debit card fees please contact our customer success team for further information.
* (PT) indicates maximum FIAT currency deposits permitted per transaction into your account on the platform. We do offer the ability to deposit higher amounts into your exchange amount, to request raising the daily deposit limits of FIAT currency on your account kindly contact our customer success team who will be happy to assist. |
FIAT Deposits by Bank Transfer | ||||||||||||||||||||
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Considerations
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FIAT Deposit Processing | ||||||||||||||||||||||||||||
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Crypto Deposits
Crypto Currency Deposits | |||||||||||||||||||||
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Note: There is a minimum requirement for each Crypto Currency deposit, and most Cryptocurrencies are free to deposit on our platform into your exchange wallet. Be aware that if a deposit is below the required minimum, the funds will not be credited to your account and can result in a loss of those Crypto funds sent. The deposit time of each Cryptocurrency on to our platform can vary dependent on the type of Blockchain used by that token and to avoid the risks of double spending, funds aren’t credited to your account until a certain number of confirmations have taken place on that Blockchain. This is outside of CryptoSouk’s control. If you become and ‘Elite Trader’ and submit source of Funds, complete a Due Diligence questionnaire, and become Chainlysis wallet compliant then there are no limits on Crypto Currency deposits. See verification table below.
* Depositing Crypto Currency on our platform is FREE of charge, however do note that you will incure Blockchain processing fees when you transfer from your non-associated CryptoSouk wallet to your exchange wallet. These fees vary depending on the Blockchain that the Crypto Currency you are transferring employs. If you are transferring Crypto Currency from another exchange to CryptoSouk they may also charge you an additional fee for withdrawal. |
FIAT Withdrawals
FIAT Withdrawal by Bank Transfer | ||||||||||||||||||||
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Note: Once you have initiated the bank transfer request withdrawal from us kindly allow up to 7 days for the requested funds to transfer to your account, in most cases the transfer is completed within 48 hours. This is usually in most cases due to the speed in which some banks undertake transfers. Banking holidays and weekends can also affect the speed of transfer. Processing speed of bank to bank transfers are out of our control. Your bank may also charge you a bank transfer fee dependent on the currency you send and their fees which can vary depending on the bank that you use and the account type you hold. The transfer fee that your bank charges you will be reflective in the final amount you will receive.
* Indicates maximum FIAT currency Withdrawal permitted every 7-days from your account. We do offer the ability to withdraw higher amounts, to request raising the daily withdrawal limits of FIAT currency on your account kindly contact our customer success team. |
Crypto Withdrawals
Crypto Currency Withdrawal | ||||||||||||||||||||||||||||
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Note: There is a minimum requirement for each Crypto Currency withdrawal, along with a flat fee to cover the transaction costs of moving the Crypto Currency out of your account. The withdrawal time of each Cryptocurrency on to our platform can vary dependent on the type of Blockchain used by that token. Funds aren’t credited to your receiving wallet address until a certain number of confirmations have taken place on that Blockchain. This is outside of CryptoSouk’s control. If you become and ‘Elite Trader’ and submit source of Funds, complete a Due Diligence questionnaire, and become Chainlysis wallet compliant then there are no limits on Crypto Currency withdrawals. See verification table below.
* Do note that you will incure Blockchain processing fees when you transfer from your non-associated CryptoSouk wallet to your exchange wallet. These fees vary depending on the Blockchain that the Crypto Currency you are transferring employs. If you are transferring Crypto Currency from another exchange to CryptoSouk they may also charge you an additional fee for withdrawal. |
Order Execution
Low Fees for both Makers and Takers | ||||||||||||||||||||||||||||||
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Maker fees are paid when you add liquidity to our order book by placing a limit order under the ticker price for buy and above the ticker price for sell. Taker fees are paid when you remove liquidity from our order book by placing any order that is executed against an order of the order book.
Considerations:
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Verification Levels for Trading, Deposits, Withdrawals
User Level | Verification Required | Trading | Deposits | Withdrawal |
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Starter Trader | Create an Account: And complete your email and registered primary mobile phone verification. Sign Up Today! |
Trading Access is Restricted: To trade you are required to pass your KYC Verification by uploading your identity documents. |
No Deposits: Until KYC Verification has been completed. |
No Withdrawals: Until KYC Verification has been completed. |
Pro Trader | Complete KYC Verification: Upload the required proof of identity documentation to verify your account. |
You Can Trade: There is no trading limit in trading volume on your account. See above Order Execution table. |
You Can Deposit: Up to $50,000 maximum every 7-days period. (Or quivalent in Crypto, GBP, EUR, KWD). |
You Can Withdraw: Up to $50,000 maximum every 7-days period. (Or quivalent in Crypto, GBP, EUR, KWD). |
Elite Trader | Additional Documents: Submit source of funds, complete a Due Diligence questionnaire, become Chainlysis wallet compliant. |
You Can Trade: There is no trading limit in trading volume on your account. See above Order Execution table. |
You Can Deposit: No deposit limit in either Crypto or FIAT. |
You Can Withdraw: No withdrawal limit in either Crypto or FIAT. |