FAQ

Trading

What order types are supported?

The orders you may submit are limit orders. A limit order has the following characteristics:

  • It's either a BUY or SELL order.
  • It has two parameters: quantity - the amount you want to buy or sell and price - the order will be executed at this price or better.
  • It does not expire, unless the instrument is no longer active.
  • It may be cancelled.
  • It may be modified (via API only).

During continuous trading, the orders are matched with price then time priority. However, the orders are matched differently during the auction.

You may also sometimes see a market order in the order book. It does not have a price limit - it will be executed at any price available on the other side of the order book. Market orders are placed automatically by the system to liquidate a position.

Are there any fees?

Yes. Quedex charges a small trading fee for each trade that is removing liquidity (which means that Quedex applies the maker-taker fee model). There is also a settlement fee, applied when the contract expires.

However, threre are no fees for depositing bitcoins, no withdrawal fees (except Bitcoin network fees) and no fees for the settlement of options expiring out-of-the-money.

Please visit our Fees page to find more details on our fee structure.

How does the session schedule look like?

Every day, the exchange transitions between the following trading states:

  1. Closing Auction 07:55 - 08:00 UTC
  2. No trading 08:00 - 10:00 UTC
  3. Opening Auction 10:00 - 10:05 UTC
  4. Continuous Trading 10:05 - 07:55 UTC (07:55 on the next day)

There is also one special state when the exchange is down - Maintenance.

Deposits & Withdrawals

How can I deposit?

Only Bitcoin deposits are accepted.

You may deposit BTC to an address assigned to your account. Deposits go straight to our Cold Wallet, but are booked immediately (1 min. max.) after reaching 1 confirmation and are available for trading.

How can I withdraw?

You may withdraw to the account of your choice. The amount has to be at least 0.01 BTC. Submitted withdrawal requests await manual verification and signing in our Cold Wallet. The funds requested for withdrawal are locked and not available for trading.

Withdrawals are processed at least once a day, and are subject to both automated and manual checks.