YAX: spot fees, bank transfers and account controls

The homepage refers generally to fiat trading, while the withdrawal tariff retains a USDT row.[1][8]

Neither statement establishes that a corresponding order book is enabled. Treat the current market list and account permissions as the relevant evidence for the intended trade.

The web order guide explains that the interface displays the currencies paid and received and calculates indicative quantities for a market order. Those estimates are not a reserved price. A market order can consume several price levels, while a limit order constrains the worst acceptable price and can remain unfilled. A client should reconcile the eventual trade confirmation with the order instruction, rather than treating the preview as the completed transaction.[13][14]

For example, at an assumed last price of 0.05 BTC per ETH, a 20% execution band spans 0.04 to 0.06 BTC. This arithmetic explains the rule; it is not a current quote or a guarantee that any quantity is available inside that range. A sell stop can trigger in a falling market yet leave some exposure unsold if the available bids fall outside the permitted band.[15]

The published spot commission is a flat 0.05% of each executed transaction, deducted in the cryptocurrency received. This is a five-basis-point trading charge. It is distinct from the price difference between buying and selling, slippage, withdrawal fees and the terms of an OTC conversion. A maker/taker distinction in an educational article does not by itself create a lower maker tier in this flat schedule.[7]

The calculation reconciles both assets: the buy leaves 1.999 ETH, and the sale returns 0.099900025 BTC. Retain gross traded quantity, fee asset and net receipt as separate fields; a USD conversion is not needed to explain the difference between these coin balances.

The OTC contract permits ten seconds to accept a displayed quote, unless withdrawn earlier.[4]

The help index lists custody-fee arrangements, but the full notice was not retrievable; no zero-custody-fee claim is made.[20]

The spot commission should not be applied to an OTC quote without a matching commercial disclosure.

YAX’s dedicated fiat guide distinguishes the initial identity-verification payment from later funding. Online individual onboarding requires at least HKD 10,000 or USD 1,500 from a matching sole-name bank account. Joint accounts, third-party payment companies, credit cards and cash deposits are excluded in that guide. The ordinary currency minimums in the tariff below are therefore not a substitute for the larger onboarding payment.[10]

A fixed transfer charge can be significant on a small balance. Using the displayed BTC tariff, a 0.0005 BTC fee equals 0.5% of a 0.1 BTC withdrawal amount, before any other adjustment. This is a separate calculation from the trading example. It explains why an economical trade followed by several small withdrawals can have a different overall cost from one consolidated transfer. It does not imply that delaying a withdrawal is preferable for every client.[8]

For bank withdrawals, YAX uses whitelisted accounts in the customer’s name that have already made a successful deposit. The fiat guide gives typical processing of one business day for HKD to Hong Kong banks and one to two business days for USD to Hong Kong banks, subject to bank procedures. A new destination is established through a deposit from that bank account. These are business-day banking windows, separate from continuous market access.[11]

The deposit guide requires the asset-specific address and network, warns of mismatch losses and notes that confirmation can take longer than a few minutes.[9]

The rules require customer-owned whitelisted addresses, internal review and applicable information-sharing checks for exchange transfers.[5]

An on-chain confirmation therefore need not coincide with the balance becoming available to trade.

Client fiat and virtual assets are held on trust through Sentinel & Guardian Prudential HK Limited. Ordinary custody gives no entitlement to interest, yield or distributions unless otherwise agreed.[4]

Storage-based coverage does not establish a personal reimbursement ceiling. The full policy, exclusions and claims process remain necessary for assessing a particular loss.

The homepage describes registration with an email address and valid Hong Kong identification.[1]

Verification adds identity, address, bank, facial and questionnaire checks. The KYC guide estimates 24 hours to one week after address documents, with further information possible.[12]

Registration alone does not complete admission. No exhaustive accepted-residence list was established.

Account exposure restrictions can prevent further purchases under the trading rules.[5]

Splitting an order does not establish permission to exceed the account’s approved exposure.

For a delayed fiat payment, retain the account ID, bank receipt and withdrawal reference. The fiat guide directs customers to the bank and YAX support when a successful status is not followed by receipt. It also explains that rejected bank transfers can be returned with bank charges deducted. A platform status and a beneficiary-bank credit are separate events, so a support investigation needs the records from both ends.[11]

YAX’s privacy policy says it may verify identity before releasing personal information and recommends a unique password. The inspected public material did not establish a complete lost-authenticator recovery procedure or a fixed withdrawal hold following a security reset. A customer who loses access should ask for the account-specific recovery steps and keep that process separate from the release of funds. Do not infer instant cash availability merely because login access has been restored.[19]

The rules permit intervention including order cancellation and trading halts.[5]

No guaranteed phone-dealing substitute was established in the terms.[4]

During an interruption, reconcile an unconfirmed instruction before resubmitting it. Preserve the order identifier and timestamp to avoid a duplicate when only the screen response failed.

The SFC lists YAX (Hong Kong) Limited, BUT913, licensed on 27 January 2025.[2]

YAX reports Type 1, Type 7 and AMLO permissions.[1]

The trading rules limit the exchange to spot and exclude virtual-asset futures and related derivatives.[5]

API connectivity does not expand this product scope.

YAX identifies itself as wholly owned by UP Fintech Holding Limited, known as Tiger Brokers in Asia.[1]

Group ownership does not combine all group-account protections and cash arrangements. No comparable current YAX active-user count or trading-volume ranking was established.

The contract permits termination after twelve consecutive months of non-use and specifies five business days to withdraw after closure, subject to outstanding charges and investigation restrictions.[4]

That is an account-lifecycle rule, not a specified monthly inactivity charge. Arrange residual balances and save records while access remains available.

The privacy policy describes retention beyond account or transaction closure where legal obligations require it, referring generally to five to ten years across relevant jurisdictions. Retention by the firm does not promise continuing customer access to an online export. Save records before closure and establish how a later correction or historical statement can be requested.[19]

Operator

YAX (Hong Kong) Limited

Exchange model

Centralised

Service scope

Spot exchange with web/API access and separately documented OTC services. The inspected live-pair help table lists ETH/BTC.

Client types

Retail clients; Professional clients; Institutional clients

Pricing publication

Public and quoted pricing

Pricing scope

Published spot commission 0.05% in the asset received; OTC quotes and other account charges require separate review.

Funding scope

Selected on-chain assets plus USD/HKD transfers from approved same-name bank accounts. Fiat withdrawals go to previously verified accounts; bank and network processing can extend delivery.

Custody and asset handling

Custody through the associated entity identified below. Trading rules describe storage-based insurance coverage; full policy limits and exclusions were not established.

Client eligibility

Onboarding and risk assessment required. The pair page marks ETH/BTC for retail and professional investors. Homepage references valid Hong Kong ID; a complete resident-country matrix was not established.

Support

[email protected] and official Help Center; fiat guides advertise 24/7 support. No guaranteed resolution time or universal emergency telephone dealing route established.

Authorisation and registration scope

SFC-listed Hong Kong operator; YAX reports Type 1, Type 7 and AMLO permissions. Scope remains client- and product-specific.

Exchange metadata checked 21 Oct 2026Source 1Source 2Source 4Source 6Source 7Source 10Source 11

YAX links its own REST and WebSocket API documentation. The distinction is useful: request/response calls retrieve data or submit actions, while streams can provide continuing updates. Neither connection type changes the customer’s approved markets, custody arrangement or need to reconcile a confirmed order with its execution. The integration should be designed around the authority actually granted to the account.[17]

The API provides trade and account data for reconciliation.[18]

That access is distinct from a tax calculation or guaranteed report format. The public references did not establish automatic cancellation of existing orders when a key is revoked, or a native AI service authorized to manage the account. Treat key revocation, order cancellation and withdrawal approval as separate tasks unless documented otherwise.