QRYPTOS Trading Rules

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Edward Hancock
5 years ago
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1 QRYPTOS Trading Rules These Trading Rules provide explanations of trading methods, terminology meanings, and other matters so that customers can understand bitcoin, ethereum, litecoin, ethereum classic, Zcash, monero, ripple, trades that can be performed using the Service (defined in Article 2 of the Terms of Use). 1. Trading Channels Trades can be performed online through our website or dedicated application using computers, tablets, smartphones, or other devices. We do not accept orders through customer support or by or telephone. * Some services may not be available from some devices. 2. Trading Times Trading days Trading start Trading end Monday to Sunday 7:00 AM 6:59 AM following day * Trades cannot be performed during system maintenance. We will provide notification in advance when performing system maintenance. * Trading times may be changed whenever necessary. 3. Trading Pairs A trading pair is the set of two crypto-currencies, displayed side by side, that are traded in a crypto-currency trade. The amount following the pair indicates the amount of money necessary to trade one unit of the virtual currency on the left using the fiat currency on the right. * ETH/BTC indicates the amount of BTC necessary to purchase one ETH. Spot trades (6 pairs) BTC/ETH BTC/XRP BTC/LTC BTC/ETC BTC/XMR BTC/ZEC BTC = bitcoin; ETH = ethereum; XRP = ripple; LTC = Litecoin; ETC = ethereum classic; XMR = monero; ZEC = Zcash 1

2 4. Trading Overview Customers can perform spot trades and CFD trades for bitcoins and ethereum. Spot trades: Bitcoin * There is no minimum trade quantity for Bitcoin. * However, for market takers, spot trades are limited to 500 BTC per hour. * However, for market takers, spot trades are limited to 500 BTC per hour. Spot trades: Ethereum 0.5 ETH * When selling less than 0.5 ETH, a sale order for the entire ethereum equivalent of 500 BTC per hour. ethereum equivalent of 500 BTC per hour. Spot trades: Ethereum classic 0.5 ETC ethereum equivalent of 500 BTC per hour. ethereum classic equivalent of 500 BTC per hour. Spot trades: Litecoin 0.5 LTC * When selling less than 0.1 LTC, a sale order for the entire litcoin 2

3 equivalent of 500 BTC per hour. litcoin classic equivalent of 500 BTC per hour. Spot trades: Ripple 0.5 XRP ripple equivalent of 500 BTC per hour. ripple classic equivalent of 500 BTC per hour. Spot trades: Zcash 0.5 ZEC zcash equivalent of 500 BTC per hour. zcash classic equivalent of 500 BTC per hour. Spot trades: Monero 0.5 XMR monero equivalent of 500 BTC per hour. monero classic equivalent of 500 BTC per hour. Order types Active period of limit and stop-loss orders Market orders, limit orders, stop-loss orders * Please see 5. Order Types below. (GTC) Orders are active until executed or until canceled by the customer. 3

4 Canceling orders Changing orders Limit orders and stop-loss orders placed by the customer can be canceled if they have not been executed. Market orders cannot be canceled. Limit orders and stop-loss orders placed by the customer can be changed if they have not been executed. Market orders cannot be changed. 5. Order Types Market orders Limit orders Stop-loss orders This is an order method in which the customer does not specify a price. When a market buy order is placed, the order quantity is filled beginning with the lowest-priced sell order currently available. Likewise, when a market sell order is placed, the order quantity is filled beginning with the highest-priced buy order currently available. Batch sell orders, partial liquidation orders, total liquidation orders, batch liquidation orders, batch long position liquidation orders, and batch short position liquidation orders are executed as market orders. Limit orders are orders with conditions set to buy if the price falls below a specified point or to sell if the price surpasses a specified point. There are instances in which only part of a limit order is executed; in these cases, the remaining order will remain active until executed or until canceled by the customer. Stop-loss orders are market orders with conditions set to buy if the price surpasses a specified point or to sell if the price falls below a specified point. 6. Slippage Slippage refers to a situation in which there is a difference between the price specified by the customer (the price displayed on screen when placing an order) and the actual execution price due to reasons such as market changes after an order is placed. In some cases, slippage may be beneficial to the customer, but it may also be detrimental; however, we bear no liability whatsoever in relation to slippage. Slippage can occur with market orders and stop-loss orders. 8. Depositing and Withdrawing; Transferring Crypto-Currencies (1) Depositing crypto-currency to user accounts When depositing crypto-currencies in a user account, customers must transfer the crypto-currency to the crypto-currency address that we designate. Crypto-currency 4

5 transferred to the crypto-currency address that we designate will be reflected in the customer s user account once we confirm the transfer during our business hours; accordingly, please be aware that it may take time for crypto-currency transfers to be reflected in user accounts. (4) Withdrawing crypto-currencies from user accounts Customers can withdraw all or part of the crypto-currencies deposited in their user account To withdraw crypto-currency from your user account, please make a withdrawal request through the trading screen. Crypto-currency withdrawal schedule Crypto-currency Frequency Time (UTC) BTC ONCE DAILY 2:00 AM ETH MON & THURS 2:00 AM ETC MON & THURS 2:00 AM XRP MON & THURS 2:00 AM ZEC MON & THURS 2:00 AM LTC MON & THURS 2:00 AM XMR MON & THURS 2:00 AM 9. Fees Cryptocurrency Maker Fee Taker Fee Bitcoin (BTC) % 0.15% Ethereum (ETH) % 0.15% Ethereum Classic (ETC) % 0.15% Litecoin (LTC) % 0.15% Monero (XMR) % 0.15% Ripple (XRP) % 0.15% Zcash (ZEC) % 0.15% * Maker/taker status and fee calculation is determined at the time of each match and execution against an order. 5

6 Example: If a trader enters a limit order for 10 BTC and it matches immediately with an existing order of 7 BTC. Then the amount taken is 7 BTC and the trader will be charged the taker fee based on that amount. The remaining 3 BTC, since unmatched will remain on the order book and this will become the making portion of the original order. If the 3 BTC is matched with another order then the trader will earn the maker fee based on that amount. Established March 17,

QRYPTOS Trading Rules

QRYPTOS Trading Rules These Trading Rules provide explanations of trading methods, terminology meanings, and other matters so that customers can understand bitcoin, ethereum, litecoin, ethereum classic,