Folgory Crypto Exchange Review: It Is Good Or Bad?

About Folgory

Launched in May 2019, Folgory Corp is a centralized exchange based in the Seychelles. Folgory offers services in fiat with different currencies such as EUR, GBP and USD. Folgory Corporate, Unit 117, Orion Mall, Palm Street, Victoria, Mahe, Seychelles Contact Email : hello@folgory.com.

Folgory Exchange had a volume of $ 169.97M over the last 24 hours. You can trade 224 crypto pairs. You can buy cryptocurrency with EUR. You can trade cryptocurrencies with popular crypto such as BTC, ETH, USDT, USDC, PAX, TUSD.

Folgory Crypto Exchange has sent the request for obtaining an AEMI license to become an e-money institute to the English FCA authority, and will shortly give its users the opportunity to have their own personal iban and debit card. And activate the FX service on all fiat currencies. With this it will become the first crypto exchange with real banking services.

Folgory Exchange Basic Points

Exchange Name	Folgory
Withdraw Fees	0.001
Language	English
Fiat Deposit	Yes
Deposit Fees	Free. Small deposit fees apply.
Easy To Use	Yes
Security	High
Make Fee	0.20%
Taker Fee	0.20%
Support	24/7
Customer Support	Available At Ticket & Live Chat
Official Site	Homepage

How To Start ?

How To Sign Up At Folgory Exchange?

It Is Very Easy To Sign Up At Folgory Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Folgory Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Folgory Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

Folgory Trading fees

Folgory 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. Instead, they charge something that they call a “flat fee”. This means that they charge both takers and makers the same fee. The fee they charge is 0.20%.

0.20% is an acceptable trading fee. 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%. So in comparison with the new emerging trading fee averages, Folgory is a bit on the high end.

Folgory Withdrawal fees

Over to the withdrawal fees then. Folgory charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. According to our industry studies, this is a tiny bit above industry average. The industry average BTC-withdrawal fee is arguably around 0.0008 BTC per BTC-withdrawal.

All in all, the fees here (both trading fees and withdrawal fees) are in line with, or maybe slightly above, the global industry averages.

Deposit Methods

At this trading platform, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors. 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.

Mobile Support

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. If you’re one of those people, then this platform can still be for you.