UKEX Crypto Exchange - Volume, Market Prices & Listings, Trading Pairs | Nomics
1Y
USD

UKEX

VOL. (1yr)
$11,349,808,885$11.35B
232.81%
Transp. Rating
A+ gradeA+ grade
Markets
Fiat
2
Rank
16

UKEX Trading Volume

(1 year)
  • 1D
  • 1W
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UKEX Yearly Performance

UKEX is a cryptoasset exchange located in United Kingdom. Their volume over the last 12 months is $11.35B. The exchange is rated “A+” which means “Excellent.” They allow trading with the following fiat currencies: EUR and GBP.

UKEX Data Highlights
Transparency Rating
Total Volume
$11.35B
Volume Change
$7.94B
(232.81%)
Markets
Fiat Currencies2

UKEX Statistics

Volume$11.35B$11,349,808,885
Volume (Δ)
$7.94B (232.81%)$7,939,476,816 (232.81%)
Quote Dominance
Fiat Currencies2
Markets
Market Volume

About UKEX

The UK Exchange (UKEX) is a cryptocurrency exchange based and headquartered in London. It was founded under the regulation of the UK Government. The platform provides the support of the most popular cryptocurrencies, delivering the services of payment, deposit, trading, and settlement.

The company behind the platform is UKDE Limited that works under the laws of England and Wales. It focuses on such spheres as digital finance and blockchain technologies. The goal of the company is to become a global digital financial service provider that integrates blockchain technology services, venture investment, digital financial settlement services and digital asset trading services. UKDE Limited was set up by Global Blockchain Finance Research Institute (BFI), UK Digital Engine Investment Group, and China Digital Finance Corporation (CDF). Being a digital asset trading platform it delivers safe, compliant, and convenient financial service to the global elite.

The goals of the project

The platform offers the “one-stop community digital services” to public communities and different institutions including community token customized smart contracting services, peer-to-peer free trade services among the members of the community, and community token online testing services.

The goal of the exchange is the interconnection with the global payment and settlement network facilitator to perform direct recharge in the banking accounts within the EU in USD, Euro, Pound Sterling, and Chinese Yuan. Besides, in accordance with the legal requirements of different countries, it is able to complete the deposit withdrawal in different fiat currencies within certain limits thus making a trustworthy bridge that connects the legal currency assets and cryptocurrency assets.

UKEX platform

The exchange is suitable for novices and experienced traders. It is easy to deposit and withdraw funds from the account of the platform. The exchange supports such fiat currencies as GBP, EUR, USD, and CNY. As for the cryptocurrencies, at the time of writing, the list includes BTC, ETH, USDT, BCH, and a few other altcoins. One should submit an application to enlist the cryptocurrency.

It’s possible to manage the finances via the convenient app developed by the in-house team. There are versions for iOS and Android so mobile users have the opportunity to use the platform on the go.

The alternative ways of platform’s use include API developed for more technically-savvy users. It enables users to control the trading process via the program. It is good for making orders at high frequency, fast withdrawal, and cancelation of orders in batches. The referral policy enables getting a 30% commission for the invitation of new users to the exchange.

UKEX support

The company provides a trading guide that gives answers to some of the questions and teaches novices to trade. Those who need additional details or haven’t found the answers to their questions can contact the support of the platform. There is a live chat on the site where you should fill out the fields and enter your question to initiate communication with a team. The help center includes the most frequently asked questions and answers to them. The support works round the clock. The platform offers 24/7 live chat without days off and holidays.

UKEX financial details

Any resident of the European Economic Area can get the UKEX card account and a VISA debit card that can be used anywhere where VISA is accepted. It’s possible to apply for verified users of UKEX. The person should first provide an email address and mobile phone number for the company. Each residential address can have three accounts at the maximum.

After users submit an application for a UKEX Union Pay Card, it is delivered to them with the help of the selected delivery company. Shipping time varies depending on the region of residence. The card is activated for free and the transfer between UKEX Union Pay Cards is also free.

The card is denominated in Euro, US dollars, and British Pounds Sterling. If the purchase in some other currency is made, the sum is converted into relevant currencies using the exchange rate set by Visa on the day of processing.

UKEX fees

The schedule for transaction fees is very simple as a flat scheme is used for charging users. Both makers and takers have to pay 0.3%. At this, the amount of minimal single transaction shouldn’t be lower than 5 GBP/EUR/USD. As for BTC, ETH, USDT, the transaction fee is 0.1%. The cryptocurrency transfer fee is free for cryptocurrencies and the amount of minimum single transfer depends upon the cryptocurrency. There is an accumulated transfer limit per day that is equivalent to 100 BTC. It is actually subjected to KYC/AML level in UKEX.

The funds can be deposited via the bank transfer. The methods include Faster Payments, SWIFT, SEPA. The arrival time depends upon the method chosen: from 1 day for Faster Payments to 3 days for SEPA and 1-5 business days for SWIFT. The fees for a single transfer out include 10 USD/GBP or 15 EUR. The transfer is free for GBP and USD but is still charged for EUR (15 EUR).

It's also possible to use credit and debit cards for fiat currency deposits. The fee is about 3% for an operation. The amount transferred shouldn’t be lower than 10 USD/EUR/GBP.

UKEX security

As any electronic money institution, the company is required to ‘safeguard’ the money received from users. Customers can be sure that the money they store on the platform is placed in a dedicated client money bank account the company holds with a large global bank. To verify, a user should provide a name, an address, and upload an identity photo to complete the verification process. The company hired a Money Laundering Reporting Officer (MLRO) who is in charge of the anti-money laundering function.

The company trains its staff to make its employees familiar with the process for verifying the identity of users and to recognize the signs of an increased risk of money laundering and to prevent illegal activity.

The MLRO and the board of directors review the policies and procedures on a regular basis to make sure they are still effective in preventing the use of UKEX services for money laundering and terrorist financing.

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UKEX Markets

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UKEX Historical Data

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Today's UKEX News for October 19, 2020

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