Folgory is an Estonia-based financial exchange licensed for the crypto-to-crypto and crypto-to-fiat (USD, EUR, GBP) exchange. It’s home for the Folgory (FLG) token that holders can use to launch a token on the Folgory blockchain. Help Desk doesn’t want to provide any updates on my tickets regarding lost funds.

  1. Customers can reach out to Folgory via live chat at any time if they have issues
    or difficulties with their Folgory account that they can’t solve.
  2. 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.
  3. You could stop business with them but you need to return there money.You should provide a way for them to take it off the exchange and not say “Its not our fault cause of a 3rd party company” because yes it is.
  4. While CoinMarketCap does show around $65M of 24H volume in Folgory, it is possible to fake this volume to make the exchange look active.

Aside from all this, it helps to use strong passwords, i.e., ones that should not be used elsewhere. With Folgory standard cryptocurrency to fiat withdraw fees varies by cryptocurrency,
instant cash-out of your Folgory account. A withdrawal fee of (0.001 BTC) may also be required for certain 3rd party payment methods
instead of using cleared bank funds. Folgory has an impressively extensive range (over a hundred and growing) of digital currencies that you can trade,
not to mention the most popular ones like Bitcoin, Cardano, Solana, and many more.

You could stop business with them but you need to return there money.You should provide a way for them to take it off the exchange and not say “Its not our fault cause of a 3rd party company” because yes it is. People who write reviews have ownership to edit or delete https://cryptolisting.org/ them at any time, and they’ll be displayed as long as an account is active. Between 74-89% of retail investor accounts lose money when trading CFDs. Folgory also ensures other ways to safeguard funds, i.e., two-factor authentication and AES-256 encryption.

Pros & Unique Features

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.

Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated). Many of you may already be familiar with IEOs, which are Initial Exchange Offerings. These are similar to IPOs and ICOs except that the tokens are issued by a crypto exchange. IEOs have become very popular lately, with many exchanges like Binance issuing native tokens to be used on the exchange. Folgory too offers its own token called Folgory Coin (FLG) that shall be used within the Folgory ecosystem to pay for trading fees and receive rewards.

About FLG

Binance also offers a more extensive web and ecosystem of products, support, and liquidity, especially given its larger daily volume as compared to Folgory. 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. 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.

Folgory Mobile Apps

Folgory does offer two-factor authentication for added security. 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. 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. All users of Folgory are required to undergo the same KYC verification procedures as per its KYC/AML terms.

The Folgory wallet provides you with a haven for your digital and fiat currencies, either from your web browsers or the use of the mobile app. Your funds are safe and secured with the help of insurance policies, which serve as the backbone for Folgory thrive in excellence. Commissions and charges which are implemented on other companies have been made free here on Folgory. Market folgory login depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity – volume currently isn’t the most reliable indicator in the crypto space. Two months ago when Sean recommended Folgory as an exchange, I enthusiastically started to build my CC stash on Folgory, they did not care that I was not KYC approved at the time.

Folgory also offers EUR fiat pairs;  this exchange is most likely to favor traders in Europe a lot more. As for the number of assets and pairs that are currently listed on the exchange, there is over 50 crypto, and fiat pairs currently listed, among this cryptos is the Folgory owned cryptocurrency Folgory Coin (FLG). Launched in May 2019, Folgory is a centralized Cryptocurrency exchange from United Kingdom (previously Estonia) .

Yes, Folgory is backed by high profile investors and regulated by reputed financial authorities. Folgory ‘s customer support can be contacted via email, live chat, and via Twitter. Users can also schedule a call from a representative by filling a form on Folgory‘s website. The Folgory app can be found on the Play Store on all Android devices, offering the same features as the
desktop website. The Folgory app can be found on Apple’s App Store on all Apple devices, offering the same features as the desktop website.

They have stolen 0.5 bitcoin from…

If you have cryptocurrency or traditional fiat currency in your Folgory account and want to withdraw it,
you must use the same payment method that you used to deposit it. 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. 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. Please note that for crypto, the number of confirmations required for actual depositing of funds is determined by every receiving platform individually, for each particular currency, according to its own security standards. Traders looking solely for the most advanced trading options such as high leverage margin and futures products specific to crypto only will prefer Binance, as it offers many USDT futures pairs not found anywhere else besides potentially OKX or FTX.

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 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. This means that they charge both takers and makers the same fee. 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.

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