Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. Past performance is not necessarily indicative of future results. Remember that fees can significantly impact your overall trading profitability, so it’s essential to factor them into your trading strategy and decisions. Folgory cryptocurrency exchange is a digital currency trading platform that was established in 2019 and is based in Seychelles. In order to use the exchange, users must complete identity verification procedures through KYC. Besides, users from the United States are prohibited from using the exchange.

1. Organic Traffic – is a metric of how many monthly users visit the project’s website via search engines.
2. The cryptocurrency’s market Price changes in percent within the last 24 hours (1 day).
3. Folgory and Coinbase both offer spot trading, and Folgory does not seem to offer any margin or leverage at all.
4. On the other hand, the total amount of revenue is not variable and is not influenced in any way by the situation of the cryptocurrency market.
5. Gemini offers 62 coins and 86 trading pairs which is about the same as the amount offered by Folgory.
6. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold.

Folgory Ex Reviews

As for customer support, Folgory seems to mainly offer support via the opening of tickets inside of the exchange account as per this support article. Users can also leave a message in the chatbox of the exchange site on the bottom right under the “Help” icon. Folgory One Exchange was launched in May of 2019 and momentarily ranked among the top 20 exchanges based on volume upon launch, setting a record of more than a billion dollars in volume. As of Feb 2022, CoinMarketCap shows Folgory’s 24H volume at ~65M. This exchange doesn’t treat takers (persons taking orders off the order book), and makers (persons placing the orders that the first group of persons take off the order book) differently.

FTX offers a US version of its exchange whose trade offerings are far more limited than its parent global exchange and do not at all compare to FTX International’s selection, but are about equivalent to what Folgory offers, though it remains more competitive in its fee. FTX US wins for US users over Folgory due to features and reputation. This is unusual for exchanges in crypto today, as most exchanges are intent on showcasing their security protocols and their investment in keeping secure and safe custody of users’ funds. At this trading platform, you can deposit through both wire transfer and credit cards. The fact that fiat currency deposits are permitted at all also makes this exchange an “entry-level exchange”, meaning an exchange where new crypto investors can take their first steps into the exciting crypto world.

Advanced users who desire both competitive fees and a greater selection of trading products than what either Folgory or Coinbase offer may find the choices below equally valuable. Thus, an advantage for high volume traders will be the volume-tiered fees at Coinbase, which decrease most rapidly over $20M in 30-day trading volume down to 0.05%. In addition, the trade volume reported by Folgory cannot be trusted. All types of users from beginners, buy-and-hold investors, and low volume traders would much prefer the features and functionality of Voyager and Coinbase with their brand presence, US regulatory approval, and clearly listed security precautions—all of which Folgory lacks.

Another disadvantage of Folgory is in its flat fee model, without any tiered volume incentives or maker rebates. This means that the fees are the same for both market makers and takers, which is not as advantageous for providers of liquidity, especially when compared to how other top exchanges on the market run. BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency’s lifetime. Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

When users withdraw Bitcoin from their Folgory accounts, a withdrawal fee that amounts to 0.001 Bitcoin is deducted from their balance. However, the Folgory exchange fees may vary for other currencies. Binance is the leading global crypto established exchange by trading volume, offering a much larger selection of cryptocurrencies than Folgory—over 351 coins and over 1300 pairs. Folgory cannot compare at all to this level of trade offerings. Gemini offers 62 coins and 86 trading pairs which is about the same as the amount offered by Folgory. Coinbase also offers much more of a selection of trading pairs compared to that offered at Folgory, with 440 trading pairs, compared to 43 coins at Folgory, as well as advanced charting, accessible order books, and advanced order types, which both exchanges offer.

1. However, readers should note that many social media users report frozen withdrawals at Folgory specifically and suspect the exchange of foul play, so it is encouraged to ideally use a different exchange in case of faulty withdrawal.
2. However, the Folgory exchange fees may vary for other currencies.
3. These are the project’s quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
4. As of 2022, Folgory’s social media does not present much active involvement to be able to credibility determine Folgory to be a trustworthy exchange or not.
5. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

Mobile Support

Coinbase is far better for all aspects of crypto trading if compared to Folgory. The products offered are focused on a wider range of services suited for both new users and advanced users with Coinbase Pro, while Folgory focuses mostly on its trading interface, with minor services such as locked staking and a launchpad, which is inactive. Additionally, unlike other exchanges, Folgory does not offer any additional rebates for market makers, which means that it is not the ideal exchange for very high volume traders who could otherwise receive net rebates or pay 0 fees at other top exchanges.

At the time of its emergence in 2019, Folgory was subject to regulation and licensing throughout Europe. Folgory crypto exchange satisfied all of the AML regulations and demands made by law enforcement agencies in the EU. Both the Folgory Co-Brand and the Folgory Coin Brand are available as options for prepaid cards via the exchange. Both cards are compatible with the Mastercard payment system, which enables their owners to conduct transactions using a total of 30 different fiat currencies. In contrast to many other exchanges, this one does not offer any bonuses or tiers that are dependent on the Folgory trade volume. The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned).

Users can withdraw from the wallet by navigating to the “Wallet” section of their account page, then clicking the crypto the user wishes to withdraw. It is not suggested to undergo KYC procedures if the user does not trust Folgory with their custody of their sensitive private data, since the exchange is not deemed trustworthy. For this reason, it is suggested to avoid depositing any important funds to Folgory and liability for doing so rests solely on the user. In fact, Folgory only lists one article on its support center advocating for users to enable 2FA.

Is this your company?

Folgory does not list much information publicly on its website about its security precautions and it is not a regulated exchange, nor does it have a MSB license. Binance requires full KYC now to trade even spot products, and Folgory requires full KYC as well to use. Upon launch in 2019, Folgory became regulated and licensed in Europe (as per their official support). Folgory complies with all law enforcement requests and AML policies in the EU. The exchange mandates KYC (Know Your Customer) identity verification protocols to be completed for use of the exchange.

Binane’s maker-taker delineated fee schedule starts at 0.1% which is half of that of Folgory’s flat 0.20% fee, plus Binance also offers further 25% reduction in fees if paid in BNB, alongside offering reduced fee tiers for higher volume and even maker rebates. This exchange may possibly be considered an unsafe or “scam” exchange and it is highly suggested not to use Folgory unless you are an advanced user and are able to risk any funds entering this exchange. While CoinMarketCap does show around $65M of 24H volume in Folgory, it is possible to fake this volume to make the exchange look active. Lastly, Folgory also offers mobile apps for users to be able to trade anywhere and anytime with the Folgory app for both Android in Google Play and for iOS. One unique feature Folgory offers is a crypto advertising network that allows project owners to connect their project to a large audience of crypto users, as well as allowing the end user to earn Bitcoin for watching ads. There is also a launchpad offered for IEOs for new token listening and projects.

We all buy some bitcoinz for usdt and folgory login we pay with these usdtnfor the listing. Some people even wish to donate for an exchange listing so the overall used coins from the fund will be around 10-12% and in reality will be just distributed to active community members who buy them for usdt. The minimum withdrawal amount for crypto assets at Folgory is not listed on any support/FAQ or fee rate documentation, however minimum deposit amounts are listed on this page. However, readers should note that many social media users report frozen withdrawals at Folgory specifically and suspect the exchange of foul play, so it is encouraged to ideally use a different exchange in case of faulty withdrawal. In general, all crypto transactions on average can take from 30 minutes to several hours for a transaction to be confirmed due to the blockchain.