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.
You can access this system from both – your computer and your mobile device.
Markets
Folgory exchange allows both crypto-crypto and crypto-fiat trading. No Folgory trading pairs are available at the moment.
The exchange has flat Folgory crypto fees of 0.20%. It charges the same amount for both makers and takers. 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.
In contrast to many other exchanges, this one does not offer any bonuses or tiers that are dependent on the Folgory trade volume.
The Folgory spot exchange supports over 150 digital assets, including its own Folgory Coin (FLG). The listing on the exchange is updated on a consistent basis with the addition of new currencies. It also supports transactions using fiat currencies such as EUR, USD, GBP, and others.
The native token of the exchange is the Folgory (FLG) token. It's a multi-purpose token. You can check the Folgory crypto price here.
Other Services
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.
Folgory also provides the service of cloud mining as one of its options. Users have a choice between two different Folgory crypto price packages: in the first package, one terahash costs €13 for a year, while in the other package, one terahash costs €20 for three years. However, mining is restricted to Bitcoin alone.
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. For example, staking Bitcoin enables users to earn 5% monthly interest. 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.
About the Company
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.
HashFort OU, which is situated in Estonia, is the company that founded Folgory. The Folgory was first introduced to the market in May 2019, and it immediately achieved a position among the top 20 exchanges in terms of Folgory volume, establishing a new record of more than $1 billion in volume.
Because the members of the Folgory team remained anonymous, there is no information about them. The only thing that is known is that it has developers from several nations.
Since January 2019, the position of Chief Compliance Officer at the corporation has been held by Jacob Cooper, a former manager at a satellite company. He has more than 25 years of experience working in the field of legal compliance.
