Felixo crypto exchange is based in Turkey and it was founded in 2018. The platform is tailored to suit Turkish investors and traders who wish to trade with the Turkish Lira (TRY). The platform offers access to an Escrow Wallet, OTC market, and advanced trading tools such as charts, notifications, and institutional features. This system is designed to provide superior support, resources, and innovations for experienced financial traders and liquidity suppliers.
Felixo cryptocurrency exchange abides by strict regulatory requirements, and as such has a very thorough KYC verification process. To become a fully registered member of this platform, users must register with their personal information, which includes their names, email addresses, phone numbers, and home addresses. Furthermore, they must provide government-issued identification cards such as driver's licenses, passports, or any other identification document. Additionally, they may be required to provide a recent utility bill, bank statement, and a selfie to round up the verification process.
Although the platform is open to users all around the world, traders and investors from the United States are not allowed on the platform.
Markets
There are over 23 Felixo trading pairs available on the platform for its users to trade with. The major markets on the platform are the TRY and the USDT markets. Major cryptocurrencies like BTC, ETH, DOGE, XRP, CRO, and XLM are supported on the platform. The platform supports both – crypto-to-crypto and crypto-to-fiat trades. However, the Felixo spot trading option is the only supported trading option. The platform does not support futures or derivatives trading options as of writing this. Besides, as mentioned before, the exchange provides users with the OTC trading option, which is a sort of trading for investors who want to buy or sell large volumes.
In terms of Felixo exchange fees for trading, the platform charges a flat fee of 0.2% for maker and taker trades. However, if you make a certain amount of trades over 30 days or have the exchange's own token (the FLX token), you may be eligible for reduced trading fees. Holders of up to 50 million FLX tokens can get up to 50% discounts on trading fees. For withdrawals, there is a Felixo crypto price of 0.0005 BTC charged on all BTC withdrawals. Besides, crypto deposits are free but fiat deposits attract bank fees and processing charges.
The FLX token functions as the utility token of the Felixo ecosystem. It can be used to pay for trading fees, cast votes on coins, obtain airdrops from newly listed assets, partake in lending activities, engage in margin trading, and take part in Initial Exchange Offerings (IEOs).
About the Company
Felixo, founded by Sefer Algan and Oguz Yagmur in 2018, is a fintech company with five full-time developers dedicated to the enhancement of the platform. Both co-founders are blockchain experts who have extensive knowledge in software engineering and crypto trading.
Sefer graduated from Istanbul Technical University with a degree in Electronics and Communication Engineering. Before starting Felixo, he worked as General Manager at BT Akademi, and as a part-time lecturer at Sabanci University. He is also the founder of Cronom, a software development firm. Oguz works as the CTO of the company and he graduated from the Mimar Sinan University of Fine Arts. Besides, he worked as a manager at Cronom with Sefer.
The average Felixo trade volume ranged around $45 million in February 2023. To see the current Felixo volume, take a look at the chart above.
