The orders you may submit are limit orders. A limit order has the following characteristics:
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.
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.
Every day, the exchange transitions between the following trading states:
There is also one special state when the exchange is down - Maintenance.
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.
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.