Felixo Review
Decentralized cryptocurrency markets are those that are neither issued nor maintained by a central body such as a government. Rather, they’re distributed throughout a computer network. Cryptocurrencies, on the other hand, may be purchased and traded on exchanges and held in ‘wallets.’
When you buy cryptocurrencies on an exchange, you’re actually buying the coins. To begin a position, you’ll need to open an exchange account, deposit the full amount of the asset, and keep the cryptocurrency tokens in your own wallet until you’re ready to sell.
Exchanges have their own high learning curve since you’ll need to wrap your head around the technology and figure out how to interpret the data. Many exchanges also have limitations on the amount of money you can deposit, and maintaining an account may be costly.
Bitcoin, the most popular cryptocurrency, has seen its price fluctuate dramatically this year, hitting almost $65,000 in April before losing nearly half of its value in May. By October, the price had climbed significantly once more, reaching an all-time high of almost $66,000 before slightly dipping.
They are without a doubt legal in the United States, while China has effectively prohibited their use, and whether they are legal in other countries is ultimately a matter of national sovereignty. Also, think about how to protect yourself from scammers that view cryptocurrency as a way to defraud investors.
There is no single crypto exchange that is best for every user; nevertheless, evaluating your individual interests in crypto and finding a reliable exchange that corresponds with your goals is essential.
Privacy and security are the most desired qualities of a crypto exchange. Transaction costs, simplicity of use, volume, liquidity, and support are key qualities to look for in an exchange. When choosing an exchange, these aspects should not be neglected.
Having the finest approach isn’t enough; investors’ or traders’ exchange is essential to its success. As a result, we’ll go over all you need to know about the Felixo exchange in this review. Felixo is, without a doubt, one of the most popular exchanges for anyone looking to get started in the cryptocurrency industry.
| Exchange platform | Felixo |
| Website | https://www.felixo.com/ |
| Variety crypto | 27 |
| Account needed | Yes |
| Verification | Mandatory |
| Verification levels | 2 |
| Trading Platform | Web-based |
| Payment Method | Bank account, Debit/Credit card, Wire transfer, Crypto Conversion |
| Customer Support | Email, Twitter, LinkedIn, Instagram |
What is Felixo?
Felixo is a cryptocurrency resource trading platform that offers advanced administrations to cryptocurrency dealers and global liquidity providers. Felixo’s founding partners are Blockchain developers with a lot of experience in programming and cryptocurrency trading.
Felixo began from a rise in popularity in cryptocurrency trading and is one of the first expert platforms to include new-age payment mechanisms. Felixo is a Turkish cryptocurrency exchange that has been operational since 2018.
Felixo provides access to the Escrow Wallet and OTC market, in addition to advanced exchanging techniques, drawings, alerts, and institute highlights. Felixo’s technique aims to provide exceptional assistance, tools, and developments to all-around professional financial experts and liquidity providers.
On the Ethereum network, Felixo Token is an ERC20 standard token. With no change in supply, the total supply of $FLXs will be 10 billion. Trading commissions, coin voting, getting airdrops from new listings, lending, margin trading, and IEO participation on the trading platform are all possible with the Felixo token.
On the Felixo exchange, you may trade, buy, and sell other cryptocurrencies. Before the softcap of 1.2 million is achieved, 1 $FLX will trade for 0.006$, and once the softcap is hit, it will trade for 0.010$.
Felixo Trading Services
The large majority of cryptocurrency traders feel that trading on a laptop offers the maximum possibilities. The computer has a larger screen, allowing more of the vital information on which most traders make their trading choices to be displayed.
The trading chart will also be easier to read. In market swings, you do not need to keep an eye on the screen. Setting the alarm for each transaction you want to happen of any crypto asset you track will help you profit from notification.
However, not all cryptocurrency investors trade on laptops. Some investors choose to use their phones to trade crypto. If you’re one of these traders, you’ll like the fact that Felixo’s trading platform is also available as a mobile app. It’s available for download on both AppStore and Google Play.
No one wants to trade on a site with a slow processing speed since it is exhausting and stressful. Felixo’s trading platform is built on cutting-edge technology. Among competitors, its matching engine is one of the quickest in the world. It has a transaction rate of more than 300,000 per second and a very high processing speed.
Also, Felixo provides a world-class trading engine with a configurable dashboard and stop-limit to deliver a fast and reliable trading experience. When the market is likely against you, you may use a Stop-Limit order to safeguard your profits while limiting your losses.
Felixo Trading Fees
Every time you make an order on the exchange, you will be charged a trading fee. In most cases, the trading charge is a percentage of the trade order’s value. Takers and makers are frequently divided in business transactions. Takers are those who “take” an existing order from the order book. Makers are traders who add orders to the order book, therefore increasing platform liquidity.
Takers pay 0.25 percent, whereas makers pay 0.15 percent. These spot trading taker costs are in line with industry rates for centralized exchanges across the world. Sure, industry averages have historically been about 0.20-0.25 percent, but new industry averages are currently developing at 0.10 percent -0.15%.
The industry average spot trading taker costs were 0.221 percent, while the equivalent spot trading maker fees were 0.177 percent, according to Cryptowisser’s most recent empirical analysis. If you reach a specific trading volume in the prior 30-day period or if you own the exchange’s native token, you can get a reduction in your trading costs (the FLX-token).
Withdrawal and Deposit Fees
Many exchanges provide low trading costs but then charge you with high withdrawal fees. Let’s assume you’ve met your investing targets and want to purchase a property using bitcoin. You must withdraw the cash to purchase the residence. When you’re halfway out the door, the exchange might make up for its low trading costs by charging you huge withdrawal fees.
When you withdraw BTC from this exchange, you will be charged a withdrawal fee of 0.0005 BTC. This charge is comparable to the worldwide industry average of approximately 0.00057 BTC for every bitcoin withdrawal.
You may deposit assets to Felixo in various methods, including wire transfer, debit card, and just transferring existing crypto assets. Since fiat money deposits are accepted, Felixo serves as an “entry-level exchange,” which means that it is a place where new crypto investors may start their crypto trading journey.
Felixo’s API
One frequently asked question is if Felixo exchange has an API. Yes, Felixo offers API access. An application programming interface (API) is a software interface that enables computers to interact and carry out activities with one another. APIs function as computer-to-computer code translators, allowing computers to do more complicated jobs at hyperkinetic speeds that humans can’t match.
Crypto exchanges would not give consumers the depth and breadth of services they provide if API trading were not available. Algorithmic and AI trading techniques would be impossible to implement without APIs.
For those with the technical know-how, Felixo offers an entire page devoted to the API. Market information, exchange capabilities, and APIs are all available in the papers on the website. The API is separated into two sections: trading and feeds.
While the Feed APIs are open to the public and allow access to market data, the Trading APIs allow access to account information such as placing orders and other account-related information.
Felixo Limits and Liquidity
You may deposit any quantity of Bitcoin, Bitcoin Cash, Ethereum, or Litecoin into your Felixo account. On the Felixo exchange, traders have access to a massive amount of liquidity. Users with a Level 2 account can withdraw up to 50 BTC each day, while level 3 account holders can withdraw 50+ BTC per day.
There are, however, certain restrictions on the amount of fiat cash that may be deposited or taken from the account. Generally, the exchange offers traders a smooth trading experience and is a good alternative for experts. For all trading pairings, users have access to high liquidity.
Felixo Portfolios
As previously said, the availability of several trading choices is a distinguishing aspect of every financial service provider. Traders will get significant experience and expertise, allowing them to make well-informed trading judgments. The existence of such flexible options has a significant influence on the user’s trading experience.
Felixo, like the other leading exchanges, does not trail behind in terms of portfolios. Everyone’s assets are safe; they’re stored in the safest settings of offline portfolios in a method that aims to safeguard all of its users’ funds.
This service is intended for advanced traders since newcomers, and typical investors may not find it useful. Users that utilize tools like these have control over their finances and may invest as they see appropriate. Aside from enhancing the trading experience, portfolios may also assist with risk management.
Cryptocurrencies Available On Felixo
High trade volume is typically an indicator of high liquidity for any finance-related network. As a result, traders can complete deals faster and at a lower cost. A high level of liquidity also indicates that a financial market is efficient and low-risk.
To begin with, Felixo supports a wide selection of crypto assets and fiat currencies, such as the Turkish Lira (TRY). Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), Dogecoin (DOGE), TRON TRX, and other popular cryptocurrencies are also exchanged on the platform. Felixo exchange includes ICOs that have been thoroughly investigated by technical specialists, allowing you to make a secure purchase with additional benefits.
The trading of crypto pairings using the Stablecoin USDC is not currently supported by the exchange. To reduce volatility, a Stablecoin’s value is linked to another asset such as the US dollar, a cryptocurrency, or an exchange-traded commodity. However, Felixo markets include BTC and USDT markets.
Although Felixo exchange is offered in so many nations, the regulations in each location will differ. The different laws governing cryptocurrency pair trading are heavily reliant on local regulators. Some nations, for example, only allow the trading of a few currency pairings. As a result, it’s a good idea to check the available couples in your area regularly.
Felixo Interface
Every trading platform provides a trade view. The trade view is a section of the exchange’s website where you can monitor a cryptocurrency’s price chart and its current price. You will generally find buy and sell boxes where you can place orders for the cryptocurrency you’re interested in, and the majority of platforms allow you to see your prior transactions involving the required crypto, i.e. order history
Everything is in one area on your Laptop. There are generally various options that you may adjust to adapt the trading view to your specifications.
How Secure Is Felixo Exchange?
When it comes to the exchange of digital assets, security is crucial. We all want to keep our digital currency trading safe and secure. Felixo Exchange is a safe and reliable trading platform based on a micro services system that satisfies the most demanding client needs.
This platform provides access mechanisms that provide the greatest level of account security. With Google Authenticator, SMS Verification, and IP limitation, the security of your data and assets is protected at a high level. Offline wallets store your assets in the safest conditions possible.
Within the AML / CTF / KYC Policies, the Felixo User Identification Procedure requires the user to submit FELIXO with trustworthy and legitimate papers, data, or information (a national identity card, an international passport, bank statement, settlement [residence] document, invoice, etc.).
Under the AML / CTF / KYC Policies, Felixo retains the right to request this document, data, and information. FELIXO guarantees to follow processes to ensure that users’ data, documents, and information are accurate.
In the context of Felixo’s services, in cases where there is any doubt about the financing of money laundering and terrorism, all suspicious transactions identified as a result of the necessary investigations will be reported to all regardless of the amount relevant national and international bodies. Persons conducting the suspicious transaction and real persons and their legal representatives, executives, and staff who fail to disclose the suspicious transaction are subject to various legal, administrative, and criminal consequences.
To guarantee that your information, data, and assets are not lost, exploited, or changed, Felixo comprises a range of security procedures. Data security procedures include, but are not limited to, User Data Encryption, which safeguards users’ information from cyber assaults.
The SSL Security protocol encrypts data traffic between the user who provides “https” access and the Site in order to provide security and confidentiality during the transfer of information over the network. Users’ data, information, and documents are protected to the greatest extent possible using aliases, internal data access limits, and stringent physical access controls to files.
90% of the customers’ assets are held in cold wallets with FELIXO software in non-internet situations with maximum protection against cyber threats. Even with the greatest degree of security precautions offered, users should know that 100 percent security cannot be guaranteed in electronic storage or data transfer over the Internet. As a result, the user acknowledges, declares, and agrees to take independent security steps to safeguard his personal information.
Customer Support
Through the support channels, you may contact the staff at any time of day. Felixo exchange offers its consumers a 24-hour trading platform and ongoing maintenance and enhancement and a multilingual platform.
The email address connected with your Felixo account should be used to submit requests through email. You’ll also have to decide on the most relevant category and subcategory. It would be best if you were specific about the problem you want to report.
- Instagram, LinkedIn, Twitter
The Felixo exchange has social media accounts where it posts information about its services. However, the exchange does not respond to account-related complaints through these platforms for security reasons. Customers must send email inquiries about their accounts, and it is the primary route to get in contact.
Conclusion
Felixo Exchange is a new cryptocurrency resource exchange platform based in Turkey with strong and capable developers and management that traders demand. Felixo is here to give us the finest service possible.
The user interface is excellent, with various tools to make trading easier and navigation that is versatile. It is not possible to trade crypto assets without first opening an account with a cryptocurrency exchange. You can consider creating an account with Felixo to take advantage of their offers. Visit the website and social media sites of Felixo Exchange for any more information you may want.
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