Felixo Review 2025

Felixo offers 26 trading pairs in TRY and USDT markets. The general trading fees are 0.2%. However, it is reduced to 0.105% for clients with a monthly trading volume of equal to or more than 150 BTC.

Felixo; An Introduction to The Exchange

“Felixo Teknoloji ve Yazılım Anonim Şirketi” is a crypto exchange founded by Turkish engineers in 2018.

The centralized exchange is registered with the Göztepe tax office with Tax No. 3851202592. Key features of Felixo:

• TRY/Crypto trading pairs
• Default commission of 0.2%
• 24/7 support
• Founded by Sefer Algan and Oguz Yagmur

Felixo Exchange Specifications

To see if Felixo fits among the crypto exchanges, here's a breakdown of its key specifications:

Upsides and Downsides

While the platform enables users to buy and sell cryptocurrencies for Turkish Lira, its limited digital asset offerings are a potential letdown for clients.

Felixo User Levels

The company has implemented a tiered user level system based on 30-day trading volume (in BTC). User levels are reevaluated every day at 00:00 AM (UTC).

Fees Explained

As mentioned earlier in this Felixo review, the company implements a tiered fee structure based on monthly trading volume. However, the general trading fees are 0.2%. The exchange also offers fee discounts for FLX token holders.

While deposits are free of charge, fiat withdrawals incur a TRY 2 fee.

Listed cryptocurrencies on Felixo Exchange

The company offers two trading markets: USDT and TRY. There are a total of 26 trading pairs and 16 tokens, such as:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Avalanche (AVAX)
• XRP
• Tether (USDT)
• Stellar (XLM)
• Dogecoin (DOGE)
• TRON (TRX)

Does Felixo Support Futures and Margin Trading?

At the time of writing this Felixo review, the platform doesn’t provide leverage options for Futures and Margin trading. It focuses primarily on spot trading for cryptocurrencies.

Such an approach aligns with Felixo's positioning as a more accessible platform for Turkish investors, many of whom may be new to cryptocurrency trading.

Registration and KYC

Felixo implements a strict Know Your Customer (KYC) verification process and an age limit (18+). To register with the exchange, follow the steps below:

1. Visit Felixo’s official website;
2. Click “Register”;
3. Fill out the registration form;
4. Provide supporting documents, including:
   • Proof of identity: TR ID card or driving license for Turkish citizens and residence permit for non-Turkish nationals;
   • Proof of Address: Domicile certificate with barcode from e-government or Residence certificate obtained from the Directorate of Civil Registration.

Felixo Exchange Application and Platform

The platform offers a dedicated mobile app for various operating systems and a web-based trading platform with access to TradingView charts.

• Felixo Android (removed from Google Play Store servers)
• Felixo iOS

Felixo's native FLX token plays a central role in the ecosystem, offering benefits like fee discounts, voting rights on new listings, and participation in airdrops and IEOs. With a total supply of 8 billion FLX and 615 million in circulation, the token adds an extra layer of utility to the Felixo platform.

Security and Safety

The ecosystem was developed by a group of blockchain technologists prioritizing client funds’ safety by implementing various security factors, including:

• Bug Bounty Program: Up to $5,000 for reporting critical bugs
• Cold Storage
• Two-Factor Authentication (2FA)

Felixo Withdrawal & Deposit

In this Felixo review, we must mention that the platform supports fiat (TRY) payments and crypto transactions. TRY payments are processed via:

• Bank Transfers: T.C. ZIRAAT BANKASI, VakifBank, and Sekerbank
• Credit/Debit Cards: VISA and MasterCard

While the minimum fiat withdrawal is TRY 100, maximum withdrawal limits differ based on the user’s KYC level.

Trust Scores and User Satisfaction

There are a few Felixo reviews online, most of which are negative. A total of 5 users have rated the Felixo TrustPilot profile as a 1-star exchange (the lowest rating), resulting in a poor score of 2.5 out of 5.

Felixo Exchange Customer Support

The platform boasts 24/7 customer support to assist users with issues or queries. However, the lack of a live chat feature is a serious disappointment in this Felixo review.

• Email: support@felixo.com
• Ticket system: Through the chat button featured on the website

Does Felixo Offer Copy Trade Services or Investment Plans?

The exchange does not offer copy trading services or growth plans except traditional referrals. However, it provides an API service suitable for automating trades and developing Expert Advisors (EAs).

Traders can also earn passive income through the affiliate program. The commission for referring new clients is 60%.

Restricted Countries

Felixo is available only to Turkish citizens or foreign citizens with a Turkish ID number that starts with 99. However, it can be used by these individuals outside of Turkey.

Writer's Opinion and Conclusion

Felixo supports TRY transactions from multiple banks, including T.C. ZIRAAT BANKASI, VakifBank, and Sekerbank, for OTC cryptocurrency trading. The maximum fiat withdrawal limit is TRY 2.5M daily, and the minimum is TRY 100 per request.

Felixo exchange accepts only Turkish citizens or other nationalities with Turkish foreign ID numbers. It has a poor TrustPilot score of 2.5 out of 5.