Is it illegal to buy and sell Bitcoin on OYI?

Whether it is legal to buy or sell Bitcoin on OKEx depends on the user's location.

#Whether it is legal to buy or sell Bitcoin on OKEx depends on the user's location.

• **In mainland China, Bitcoin transactions are illegal. **Ten ministries and commissions including the People's Bank of China issued the "Notice on Preventing Bitcoin Risks" in 2013, which explicitly prohibited financial institutions and payment institutions from providing services for virtual currency transactions.

• **The legality of Bitcoin transactions varies in other countries and regions. **Bitcoin transactions are legal in the United States, Japan, Singapore and other countries and regions. However, in some countries and regions, Bitcoin transactions are prohibited or restricted.

Therefore, before conducting Bitcoin transactions, users should understand the local laws and regulations to ensure that the transaction is legal.

Specific advantages of OKEx buying and selling Bitcoin:

• Spot transaction fee: If the transaction volume is less than 50 BTC, the taker fee is 0.15 %, the maker fee is 0.02%; if the transaction volume is greater than or equal to 50 BTC, the taker fee is 0.12%, and the maker fee is 0.01%.

• Leverage trading fees: The leverage ratio is 1-3 times, the taker fee is 0.05%, the maker fee is 0.02%; the leverage ratio is 4-10 times, the taker fee is is 0.075%, the maker fee is 0.03%; the leverage is 11-20 times, the taker fee is 0.1%, the maker fee is 0.04%; the leverage is 21-100 times, the taker fee is 0.125%, and the maker fee is 0.125%. The fee is 0.05%.

• Futures trading fees: If the contract value is less than or equal to 1,000 USDT, the taker fee is 0.06%, and the maker fee is 0.03%; if the contract value is greater than 1,000 USDT, the taker fee is 0.05 %, the maker fee is 0.02%.

• Withdrawal fee: The withdrawal fee for Bitcoin is 0.0005 BTC.

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