Frequently Asked Questions

ACCOUNT ACCESS & TRADING EXECUTION

How do I create an account?

To get started, register using your email address and complete identity verification (KYC).

Why do I need to verify my identity?

Identity verification is required to comply with regulations and to protect users from fraud and unauthorized access.

Who can use Octapex?

Octapex services are available only to users who meet compliance requirements and are not subject to restrictions.

What happens if I fail verification?

If verification is unsuccessful, you may be asked to resubmit documents. Access to services may be limited until verification is completed.

Can my account be restricted or suspended?

Yes. Accounts may be restricted if compliance, security, or regulatory concerns arise.

What should I do if I receive a suspicious email or message claiming to be Octapex?

You should treat any unexpected or suspicious communication with caution. Do not click on unknown links or share personal information. Contact Octapex support to verify the communication.

How are trades executed on Octapex?

Trades are executed directly with Octapex as the counterparty using real-time market-based pricing.

Do you use an order book?

No. Octapex operates an OTC model, meaning trades are based on quoted prices rather than a public order book.

How does Octapex ensure fair and accurate pricing?

Prices are derived from real-time data aggregated from multiple liquidity sources and applied using consistent methodologies.

How does Octapex make money?

Octapex generates revenue through transparent transaction fees applied to each trade. We do not engage in hidden pricing practices.

Can Octapex limit or block certain transactions?

Yes. Transactions may be limited, delayed, or blocked where required for compliance, security, or risk management purposes.

FEES & COSTS

What fees does Octapex charge?

Octapex applies transparent transaction-based fees:

• Digital Asset Acquisition (Buy): 2.3%
• Digital Asset Liquidation (Sell): 2.3%

Why does Octapex charge a 2.3% fee?

The fee reflects an all-inclusive pricing model covering execution, liquidity sourcing, and operational costs.

Are there any hidden fees?

No. All fees are clearly displayed before confirming a transaction.

TRANSACTIONS & TRANSFERS

How long does a transaction take?

Processing times vary depending on network conditions and internal checks.

Why is my transaction delayed or pending?

Delays may occur due to blockchain congestion, compliance checks, or security reviews.

Does Octapex provide wallets for storing crypto-assets?

No. Octapex does not provide custodial wallets. Users must use their own external wallets for receiving and storing crypto-assets.

What happens if I send funds on the wrong network?

Sending funds on an incorrect blockchain network may result in permanent loss. Users must ensure the correct network is selected before confirming a transaction.

What happens if I enter incorrect wallet details?

Transactions executed with incorrect wallet information may not be recoverable. Users are solely responsible for verifying all transaction details.

Is Octapex responsible for losses caused by user mistakes?

No. Octapex is not responsible for losses resulting from incorrect information provided by the user, including wallet addresses or network selection.

Can I cancel a transaction after confirming it?

No. Once confirmed, transactions cannot be canceled.

Are crypto transactions reversible?

No. Blockchain transactions are irreversible once confirmed.

SECURITY & PROTECTION

How does Octapex protect my account?

We implement strong security measures including Two-Factor Authentication (2FA) and monitoring systems.

Does Octapex ever ask for my password or private keys?

No. Octapex will never request your password, private keys, or sensitive security information.

What happens if suspicious activity is detected on my account?

Octapex may temporarily restrict your account and initiate a security review to protect your assets.

What should I do if I notice suspicious activity?

Contact support immediately and secure your account.

LEGAL & COMPLIANCE

Does Octapex provide financial advice?

No. Octapex provides execution-only services.

Can Octapex refuse to provide services?

Yes. Octapex may refuse or terminate services where compliance or risk concerns arise.

Why are some users or countries restricted?

Restrictions may apply due to regulatory requirements, sanctions, or internal risk policies.

What risks are associated with crypto trading?

Crypto-assets are volatile and may result in financial loss.

SUPPORT & CONTACT

How can I contact support?

support@octapex.com

How long does it take to receive a response from support?

Octapex aims to respond to inquiries as quickly as possible, depending on the comp

This is a staging environment