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:
Exchange | Felixo |
Launch Date | 2018 |
Levels | 4 Levels |
Trading Fees | 0.2% |
Restricted Countries | Only Turkey is available |
Supported Coins | 16 |
Futures Trading | No |
Minimum Deposit | TRY 10 |
Deposit Methods | Crypto, Fiat |
Withdrawal Methods | Crypto, Fiat |
Maximum Leverage | 1:1 |
Minimum Trade Size | N/A |
Security Factors | Cold Storage, 2FA, Bug Bounty Program |
Services | OTC Trading, Spot Market, FIP Transfer System |
Customer Support Ways | Ticket, Email |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Market |
Native Token | Felixo Coin (FLX) |
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).
User Level | Trading Volume (BTC) | Maker | Taker |
General | < 50 | 0.15% | 0.15% or 0.25% |
Level 1 | >= 50 | 0.135% | 0.135% or 0.225% |
Level 2 | >= 100 | 0.12% | 0.12% or 0.2% |
Level 3 | >= 150 | 0.105% | 0.105% or 0.175% |
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.
FLX Amount | Commission Discount |
50K – 1M | 10% |
1M – 5M | 20% |
5M – 10M | 30% |
10M – 50M | 40% |
50M+ | 50% |
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:
- Visit Felixo’s official website;
- Click “Register”;
- Fill out the registration form;
- 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.
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.
KYC Level | Max Fiat Withdrawal (TRY) | Max Crypto Withdrawal (BTC) |
2 | 1M/day 10M/30 days | 50/day |
3 | 2.5M/day 25M/30 days | 50+/day |
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.
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%.
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.