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All in all, the fees here (both trading fees and withdrawal fees) are in line with, or maybe slightly above, the global industry averages. Global industry average has historically been around 0.25%, and Folgory’s fees are accordingly a bit lower than the historic global industry average. Today, however, we are today seeing more and more exchanges moving towards lower trading fees, and new industry averages are starting to form around 0.10%.

1. Additionally, some exchanges offer fee discounts or tiered fee structures based on factors like trading volume, so your actual fees may vary.
2. In order to use the exchange, users must complete identity verification procedures through KYC.
3. The most active and popular exchanges for buying or selling USDF are Binance, Kucoin & Kraken.
4. Remember that fees can significantly impact your overall trading profitability, so it’s essential to factor them into your trading strategy and decisions.Our Crypto Exchange Fees Calculator is powered by CBFX trading tools.
5. Users can also leave a message in the chatbox of the exchange site on the bottom right under the “Help” icon.
6. Please do your own research on all of your investments carefully.
7. The benefit then becomes that makers receive reduced trading fees and the overall fee rates quickly decrease below that of Folgory.

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Admins in official telegram group are not user friendly and doesn’t want to answer on questions regarding lost funds. In profile logs completed transactions can be seen, but for some reasons they didn’t appear in my balance. On top of that the It’s near enough impossible to get KYC verified as their folgory login website purposely rejects nearly all uploads.

Gemini is more focused on offering a well-rounded and regulated crypto product with a great selection of continually expanding coins and financial services such as staking. International users who can use FTX International would certainly prefer FTX. US users trading at FTX US need to do KYC procedures and likewise for Folgory. Fees will be far more competitive at FTX as a trader’s volume is higher, since FTX offers both fee incentives for volume and for holders of its FTT token. There are several reviews across social media including Reddit and TrustPilot that while Folgory was accepting user deposits, the exchange may not process withdrawals and accounts may be blocked without explanation. Folgory also offers a debit card that is currently in pre-sale mode.

FLG price

Coinbase is designed for buy-and-hold investors or casual to intermediate cryptocurrency users—Coinbase offers 402 pairs vs. Folgory’s 43 coins—and offers an advanced desktop trading interface as well as a mobile app, but no futures or margin. Even if Folgory were active, its host of crypto financial services are limited beyond offering staking, and its market offerings are also not comparable to larger exchanges such as Binance or KuCoin, so there are no real advantages to using an exchange like Folgory. Folgory offers EUR fiat trading pairs and is more geared to European users. 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. Folgory’s presence on LinkedIn is also scarce, with headquarters shown in London, UK. Furthermore, the Folgory cryptocurrency exchange also offers its users a variety of investment opportunities, allowing users to stake various assets at high-interest rates and according to a variety of investment plans.

According to this support/FAQ message from Folgory, all withdrawal requests are checked by the exchange’s compliance department once submitted, and are approved within 24 hours of the request. If an active trader wishes to trade other instruments beyond crypto and prefers not to KYC, he or she may prefer other exchanges such as OKX, but if he or she prefers a much larger selection of crypto only instruments and does not mind KYC, Kraken wins. US users may prefer Kraken for its regulatory compliance and strong track record if they are traders especially, and Folgory is not suggested to use at all, since it is a suspected dead exchange. Folgory is an overall poor choice of exchange for any user and there is no clear reason to use the exchange over the plethora of other exchanges available for both European and international crypto users. It is unclear what if any tiers exist, as in Folgory’s FAQ and support center, there is no documentation present pertaining to deposit or withdrawal limits, account tiers, or otherwise. This is a moderate range of investment and trading options, and charting is integrated with TradingView, however the amount of real volume on the exchange is unclear.

1. Even if Folgory were active, its host of crypto financial services are limited beyond offering staking, and its market offerings are also not comparable to larger exchanges such as Binance or KuCoin, so there are no real advantages to using an exchange like Folgory.
2. 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.
3. Folgory charges a flat fee schedule on trading fees, with the fee being the exact same for both market makers and takers.
4. Folgory offers an “Investment” product that claims to allow users to invest their Bitcoin and earn 5% monthly income through a range of different investment options.
5. Folgory crypto exchange satisfied all of the AML regulations and demands made by law enforcement agencies in the EU.
6. Gemini offers volume incentives while Folgory does not, both as far as fees go, neither platform is competitive as compared to the global crypto market offerings, but at least the Gemini brand name is reputable.

So in comparison with the new emerging trading fee averages, Folgory is a bit on the high end. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

The Total Supply is similar to stock market’s Outstanding Shares. Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It’s similar to the stock markets’ Free-Float Capitalization. I would say this system stinks of the typical Russian exchange exit scam, however I can’t prove the Russian part, and no offense to the Russian people (I actually think they have a pretty awesome accent), but the country code of the admin and tech comes back as Iceland. That still may not be accurate, so I’ll base #10 off of age of the exchange. Our platform is dedicated to providing you with up-to-date educational resources, expert opinions, and a wealth of information to guide you in understanding the complex landscape of finance.

However, at the time of writing, there are no currently active, upcoming, or ongoing listings that are live on the launchpad. Past listings can be seen on the same link under the “Ender” tab, however it should be noted that the last active listing ended in Aug 2020, so this feature has been inactive for longer than 1 year as of Feb. 2022. Folgory offers an “Investment” product that claims to allow users to invest their Bitcoin and earn 5% monthly income through a range of different investment options. We have not found any information on this exchange’s website that indicates that US-investors are restricted from trading here. However, many exchanges do not allow US-investors in spite of not having any clear prohibitions obtainable on their respective websites.

Currently, official Folgory Twitter account doesn’t exist or wasn’t submitted. 🔆

DR (Domain Rating) metric is a sign of the project’s website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic – is a metric of how many monthly users visit the project’s website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype. These are the project’s quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project. These are the project’s quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

Accordingly, we urge any US-investor interested in trading here to perform their own analysis of whether they can indeed trade here or not. Sometimes, exchanges might even allow investors from certain states in the US but not investors from other states in the US. So the answer to whether you can or cannot trade at an exchange if you’re from the US is not always obvious. This platform is not only available from your desktop, you can now also access it via your mobile. Most traders in the crypto world today carry out their trades via desktop (around 70% or so). However, there are naturally people out there that want to do it from their smart phone as well.

an Ethereum token.

To calculate the total fees for a specific transaction, you would sum up the trading fee, withdrawal fee, and any deposit fees if applicable. Remember that fees can significantly impact your overall trading profitability, so it’s essential to factor them into your trading strategy and decisions.Our Crypto Exchange Fees Calculator is powered by CBFX trading tools. No, Folgory is a cryptocurrency trading exchange that also offers an overall custodial wallet solution for trading services, but is not a non-custodial standalone wallet. US investors and traders are allowed to use Gemini with KYC verification only, since Gemini is regulated and based in the USA, however as a result, Gemini offers no margin or futures products. Gemini offers volume incentives while Folgory does not, both as far as fees go, neither platform is competitive as compared to the global crypto market offerings, but at least the Gemini brand name is reputable.