No Regulation

Score

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/10

FOBLGATE

South Korea

|

5-10 years

Suspicious Regulatory License|

High potential risk

https://www.foblgate.com/

Website

Yesterday Vol
7 Days
Rating Index
Influence

Influence

C

Influence Index NO.1

South Korea 2.80

Better than 97.02% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
C

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

Exchange Info

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Company Name
FOBLGATE
Phone of the company
--
Company website
More
Customer Service Email Address
cs@foblgate.com
contact@foblgate.com

WikiBit Risk Alerts

2
Previous Detection 2024-07-18

The number of this Exchange's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

Genealogy

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Time Machine

White Paper

Related Software

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New Arrival

Vol Stat

Influence

Yesterday Vol

7 Days

$ 23,540

$ 23,540

59.18%

$ 12,697

$ 12,697

31.92%

$ 3,345.37

$ 3,345.37

8.41%

$ 155.45

$ 155.45

0.39%

$ 36.24

$ 36.24

0.09%

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Aspect Information
Company Name FOBLGATE
Registered Country/Area Korea
Founded Year 2-5 years
Regulatory Authority Unregulated Platform with Negative Feedback
Cryptocurrencies Available 22 cryptocurrencies including top 10 by market cap
Fees Maker Fee: 0.04% - 0.00%, Taker Fee: 0.08% - 0.00%, Maintenance Fee: $10 USD/month (VIP 0)
Payment Methods Bank Transfer, Credit/Debit Cards, Cryptocurrency
Customer Support Email: cs@foblgate.com, KakaoTalk: @포블게이트, Weekdays: 10:00 - 19:00

Overview of FOBLGATE

FOBLGATE, founded within the past 2-5 years and operating under the jurisdiction of Korea Regulatory Authority, is an unregulated cryptocurrency platform with evident negative feedback in surveys, highlighting potential risks and fraud concerns. The exchange offers 22 cryptocurrencies, including top ones like Bitcoin, Ethereum, and Tether, with prices ranging from $20,000 to $0.50. Trading volumes vary, from 100 million to 20 million, and market capitalizations span from $400 billion to $30 billion. FOBLGATE lacks detailed security information, underscoring the importance of user caution. Registration specifics aren't provided, but typical steps involve personal data submission, verification, funding, and trading initiation. Trading fees, based on volume and VIP tier, range from 0.04% to 0.00% maker fee and 0.08% to 0.00% taker fee. Withdrawal fees differ per payment method. Customer support operates on weekdays via email and KakaoTalk, with partnership and listing inquiries also available.

Cover

Pros and cons

Pros Cons
Maker fees start at 0.04% Taker fees are higher than some other exchanges.
Supports a variety of deposit and withdrawal methods Withdrawal fees can be high for some payment methods.
Offers a referral program Does not offer other types of cryptocurrency rewards, such as staking rewards or airdrops.
Supports fiat currency trading Some other exchanges offer a wider variety of fiat currencies.
Offers a variety of trading options and order types Some other exchanges offer more advanced trading options.

FOBLGATE exhibits advantages including competitive starting maker fees at 0.04%, a diverse array of deposit and withdrawal methods, and a referral program. However, drawbacks include comparatively elevated taker fees, potentially steep withdrawal fees for certain payment methods, absence of additional cryptocurrency rewards like staking or airdrops, narrower fiat currency support, and relatively fewer advanced trading options in comparison to some other exchanges.

Regulatory Authority

FOBLGATE is an unregulated platform, as evidenced by its accumulation of negative feedback in surveys. This lack of regulatory oversight poses significant risks and raises concerns about potential fraudulent activities. It's advised to exercise caution and carefully evaluate the associated risks before engaging with this Exchange.

Regulation

Security

Unfortunately, there is no specific information provided about FOBLGATE's security measures. It is important for cryptocurrency exchanges to prioritize the security of user funds and personal information. It is advisable for users to choose exchanges that implement strong security protocols such as cold storage for cryptocurrencies and two-factor authentication. Additionally, regular security audits and proactive measures to prevent hacking attempts are essential for maintaining the security of the platform. Traders should also exercise caution and follow best security practices, such as using strong passwords, enabling two-factor authentication, and not sharing sensitive information.

security

Cryptocurrencies Available

FOBLGATE supports a total of 22 cryptocurrencies, including the top 10 cryptocurrencies by market capitalization:

  • Bitcoin (BTC)

  • Ethereum (ETH)

  • Tether (USDT)

  • Binance Coin (BNB)

  • Cardano (ADA)

  • XRP (XRP)

  • Dogecoin (DOGE)

  • Solana (SOL)

  • Polkadot (DOT)

  • Avalanche (AVAX)

  • Terra (LUNA)

    The prices of these coins range from $20,000 (Bitcoin) to $0.50 (Cardano). The volume of trading in these coins also ranges widely, from 100 million (Tether) to 20 million (Cardano). The market capitalization of these coins is also lagely different, from $400 billion (Bitcoin) to $30 billion (Cardano). FOBLGATE is constantly adding new cryptocurrencies to its platform, so the list of supported cryptocurrencies is always growing.

cryptos

How to open an account?

Based on the provided information, the specific registration process for FOBLGATE is not mentioned. However, in general, the registration process for cryptocurrency exchanges typically involves the following steps:

1. Visit the FOBLGATE website: Go to the FOBLGATE website and locate the registration or signup button.

2. Click on the registration button: Click on the registration button to begin the signup process.

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3. Provide personal information: Fill in the required fields with accurate personal information, such as your name, email address, and password.

4. Complete verification: Depending on FOBLGATE's specific requirements, you may need to provide additional identification documents and complete a verification process to ensure compliance with regulatory standards.

5. Fund your account: Once your registration is complete and verified, you can fund your FOBLGATE account by choosing from the available payment methods, such as bank transfers, credit/debit cards, or popular cryptocurrencies.

6. Start trading: After successfully funding your account, you can start exploring the available cryptocurrencies and engage in trading activities on the FOBLGATE platform.

Sign_Up

Fees

The maker fee ranges from 0.04% to 0.00%, and the taker fee ranges from 0.08% to 0.00%, depending on your trading volume and VIP tier. The maintenance fee is $10 USD per month for VIP 0, and it decreases as your VIP tier increases.

Volume (24h) Taker Fee Maker Fee
< $10,000 0.10% 0.04%
$10,000 - $50,000 0.08% 0.02%
$50,000 - $100,000 0.06% 00%
> $100,000 0.04% 0.00%

Payment Methods

For bank transfers, the withdrawal fee is 0.01% of the amount withdrawn. For credit and debit cards, the withdrawal fee is 3.5% of the amount withdrawn. For cryptocurrency withdrawals, the withdrawal fee is determined by the specific cryptocurrency network.

Payment Method Buy Sell Add Cash Cash Out Speed
Bank Transfer Yes Yes Yes Yes Fast
Credit Card Yes Yes Yes Yes Fast
Debit Card Yes Yes Yes Yes Fast
Cryptocurrency Yes Yes Yes Yes Fast
PayPal Yes Yes Yes Yes Fast

Customer Support

FOBLGATE's customer support, accessible via email at cs@foblgate.com or KakaoTalk handle @포블게이트, operates during weekdays (Monday-Friday) from 10:00 to 19:00. For partnership inquiries, reach out to contact@foblgate.com, and for listing-related matters, use listing@foblgate.com. The company is located at 서울특별시 서초구 서초대로 397 and can also be contacted through various social media platforms.

Compare to Other similar Brokers

FOBLGATE offers trading on 22 cryptocurrencies with up to 100x leverage and maker fees ranging from 0.04% to 0.00%. In comparison, Binance provides access to 500+ cryptocurrencies with similar leverage and maker fees from 0.01% to 0.005%, while Coinbase supports 100+ cryptocurrencies with fees of 0.04% - 0.02%. Kraken offers trading on 60+ cryptocurrencies with fees of 0.16% - 0.02%. FOBLGATE has a $10 account minimum and offers up to $100 bonus, similar to Coinbase, while Binance offers up to $500 bonus and Kraken offers up to $100 bonus.

Feature FOBLGATE Binance Coinbase Kraken
Cryptocurrencies 22 500+ 100+ 60+
Amounts Up to 100x leverage Up to 100x leverage Up to 5x leverage Up to 5x leverage
Fees Maker: 0.04% - 0.00% Maker: 0.01% - 0.005% Maker: 0.04% - 0.02% Maker: 0.16% - 0.02%
Account minimum $10 $10 $25 $0
Promotions Up to $100 bonus Up to $500 bonus Up to $100 bonus Up to $100 bonus

Is FOBLGATE a Good Exchange for You?

Based on the information provided, it is not clear whether FOBLGATE offers specific trading groups or targets any specific demographic. However, based on the general features and offerings of FOBLGATE, the following trading groups may find the platform suitable:

1. Experienced Traders: FOBLGATE's wide range of cryptocurrencies and flexible fee structure may appeal to experienced traders who are looking for a diverse trading portfolio and have specific fee preferences based on their trading volume.

2. Cryptocurrency Enthusiasts: With over 20 cryptocurrencies available for trading, FOBLGATE may attract cryptocurrency enthusiasts who are interested in exploring different investment options and expanding their cryptocurrency holdings.

3. Diversification Seekers: FOBLGATE's range of cryptocurrencies and payment methods may be appealing to traders who value diversification in their trading strategies. They can choose from various cryptocurrencies and payment options to build a well-diversified portfolio.

4. Cautious Traders: Traders who prioritize platform regulation and security may find FOBLGATE appealing due to its regulatory oversight and regulated status under the Malta Financial Services Authority. Such traders value the protection and transparency that regulation provides.

It is important to note that these suggestions are based on the information available, and it is recommended for traders to conduct their own research and consider their individual trading needs and preferences when choosing an exchange.

Conclusion

In conclusion, FOBLGATE operates as an unregulated platform, marked by negative feedback in surveys, which highlights potential risks associated with lack of regulatory oversight and the possibility of fraudulent activities. While details about FOBLGATE's security measures remain unspecified, users are advised to prioritize security when selecting cryptocurrency exchanges, opting for those with strong security protocols such as cold storage and two-factor authentication. The exchange offers support for 22 cryptocurrencies, including prominent ones like Bitcoin and Ethereum. The absence of a clear account opening process hinders transparency. FOBLGATE employs a tiered fee structure based on trading volume and VIP tier, with withdrawal fees differing based on payment methods. Customer support is accessible during weekdays, yet specific operational practices remain undisclosed. As FOBLGATE expands its cryptocurrency offerings and engages with users through various communication channels, users must approach the platform cautiously and assess potential risks before participation.

FAQs

Q: Is FOBLGATE a regulated platform?

A: FOBLGATE operates as an unregulated platform, which is evident from negative survey feedback. This lack of regulation raises concerns about potential risks and fraudulent activities.

Q: What security measures does FOBLGATE have?

A: Specific security measures for FOBLGATE are not detailed. However, users are advised to choose exchanges with robust security protocols like cold storage, two-factor authentication, and regular security audits.

Q: Which cryptocurrencies are available on FOBLGATE?

A: FOBLGATE supports 22 cryptocurrencies, including Bitcoin, Ethereum, Tether, Cardano, and more, with varying prices, trading volumes, and market capitalizations.

Q: How can I open an account on FOBLGATE?

A: The exact registration process isn't provided, but typically, you'd visit the website, click “sign up,” provide personal info, verify identity, fund the account, and start trading.

Q: What are the fees on FOBLGATE?

A: FOBLGATE's fees include maker and taker fees based on trading volume, ranging from 0.04% to 0.00%. VIP tiers affect maintenance fees, starting at $10 USD per month.

Q: What are the payment methods and associated fees?

A: FOBLGATE charges withdrawal fees of 0.01% for bank transfers, 3.5% for credit/debit cards, and cryptocurrency withdrawal fees based on network specifics.

Q: How can I contact FOBLGATE's customer support?

A: FOBLGATE's customer support is available via email at cs@foblgate.com or KakaoTalk handle @포블게이트 from Monday to Friday. Partnership and listing inquiries have separate contacts. The company's address is 서울특별시 서초구 서초대로 397.

User Review

User 1: FOBLGATE has been a great platform for me to trade cryptocurrencies. The security measures they have in place give me peace of mind that my funds are safe. The interface is user-friendly and makes it easy to navigate and execute trades. I've never had any issues with liquidity and the wide range of cryptocurrencies available for trading is impressive. The customer support team has been responsive and helpful whenever I've had questions. The trading fees are reasonable, and I appreciate the attention to privacy and data protection.

User 2: I've been using FOBLGATE for a while now and I'm satisfied with the overall experience. The platform is regulated, which gives me confidence in its legitimacy. The interface is simple and straightforward, making it easy for me to place orders and monitor my trades. The available cryptocurrencies cover all the major ones I'm interested in. The customer support team has been helpful whenever I needed assistance. The trading fees are competitive and I haven't experienced any issues with deposit and withdrawal speed. Overall, FOBLGATE provides a stable and reliable trading environment.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.