Regulated

Score

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/10

LGO

France

|

5-10 years

Digital Currency License

https://lgo.group/

Website

Rating Index
Influence

Influence

C

Influence Index NO.1

Netherlands 2.32

Better than 99.33% exchange(s)

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Influence
C

Licenses

AMF

AMFRegulated

Digital Currency License

Exchange Info

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Company Name
LGO
Phone of the company
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Company website
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Facebook
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Customer Service Email Address
contact@lgo.group

Website

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Time Machine

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User Reviews

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7 ratings

Participate in evaluation
Baifern Waran
The poor security standards of LGO, unstable prices, and lack of community support have encountered issues with customer support and unofficial use of the currency.
2024-01-24 09:50
9
lele_
The security of LGO is really questionable, and the user data protection methods are a mess, which really makes me disappointed. Transaction fees are expensive! "
2023-10-12 06:42
10
FX1892782698
LGO, good work, high safety. But deposits and withdrawals are a little slow and forgetful. Please provide more support to customers.
2023-12-18 09:29
3
FX1665535201
LGO is pretty good, stable & safe so far. The trading fees are on the high side, but the customer service is great!
2023-12-14 07:29
10
Andari
will be the best for LGX!
2023-08-23 18:22
9
Nisco
LGO is the best it's easy to trade and well attended to when you need help.
2023-11-15 05:04
2
Nisco
LGO is fine and one of the best crypto currencies trading organisations its easy and well organised
2023-11-15 05:00
7
Aspect Information
Company Name LGO
Registered Country/Area France
Founded Year 2018
Regulatory Authority AMF (Autorité Des Marchés Financiers)
Number of Cryptocurrencies Available 70+
Fees Taker fee: 0.50% - 0.20%. Maker fee: 0.25% - 0.00%. Trading volume-based rebate of up to 20%
Payment Methods Bank transfer, SEPA, Wire transfer
Customer Support Email, Twitter

Overview of LGO

LGO is a virtual currency exchange based in France. It was founded in 2018 and is regulated by the AMF (Autorité Des Marchés Financiers). The exchange offers a wide variety of cryptocurrencies, with over 70 options available for trading. Fees on the platform depend on the trading volume, allowing users to save money on larger trades. LGO supports various payment methods, including bank transfer, SEPA, and wire transfer. In terms of customer support, users can reach out to LGO through email or live chat.

LGO

Pros and Cons

Pros Cons
Regulatory Compliance Trading Fees charged
Security Measures
Diverse Cryptocurrency Selection
  • Pros:

  • - Regulatory Compliance: LGO operates under the regulation of the Autorité des marchés financiers (AMF) in France, ensuring adherence to legal standards and providing users with regulatory protection.

  • - Security Measures: The exchange prioritizes user security with encrypted data storage, two-factor authentication (2FA), and regular security audits, safeguarding against unauthorized access and cyber threats.

  • - Diverse Cryptocurrency Selection: With 70 cryptocurrencies listed, including major assets like Bitcoin, Ethereum, and Litecoin, LGO offers users ample options for trading and investment diversification.

  • Cons:

  • - Trading Fees Charged: Users are subject to trading fees, which can impact the overall cost of trading, especially for high-volume or frequent traders.

  • Regulatory Authority

    The regulatory situation of the LGO exchange is as follows:

    Regulatory Agency: Autorité des marchés financiers (AMF)

    Regulation Number: E2020-003

    Regulation Status: Regulated

    License Type: Digital Currency License

    License Name: LGO EUROPE SAS

    LGO is regulated by the Autorité des marchés financiers (AMF) and holds a digital currency license with the license name LGO EUROPE SAS. This regulatory status provides assurance to users regarding the exchange's compliance with industry regulations and standards.

    The Autorité des marchés financiers (AMF) serves as the Financial Markets Regulator in France. It functions as an autonomous public entity responsible for safeguarding investments in financial instruments, savings, and other forms of investment. The AMF's role encompasses maintaining the orderly operation of financial markets and ensuring that financial entities and activities adhere to the required standards and regulations.

    Regulation

    Security

    Security

    LGO prioritizes the security of its platform and has implemented various protection measures. These measures include encrypted data storage to safeguard user information and funds. Additionally, LGO utilizes two-factor authentication (2FA) to enhance account security and prevent unauthorized access. The exchange also conducts regular security audits to identify and address any potential vulnerabilities.

    Trading Market

    Number of cryptocurrencies: LGO currently lists 70 cryptocurrencies, including

    • Bitcoin,

    • Ethereum,

    • Litecoin,

    • Bitcoin Cash,

    • XRP,

    • EOS,

    • Tether,

    • Binance Coin,

    • Cardano and etc.

    LGO maintains an average new coin listing speed of 2-3 months. Cryptocurrency prices on LGO are consistent with those on other prominent exchanges. The platform hosts cryptocurrencies with an average market capitalization of $10 billion, accompanied by a daily trading volume averaging $10 million.

    Fees

    LGO's fee structure is determined by trading volume. Taker fees range from 0.50% for up to 100,000 USD trading volume, gradually decreasing to 0.20% for volumes over 10,000,000 USD. Maker fees range from 0.25% to 0.00%. Additionally, there's a trading volume-based rebate of up to 20%.

      Trading Volume Taker Fee Maker Fee
      Up to 100,000 USD 0.50% 0.25%
      100,000 USD to 1,000,000 USD 0.40% 0.10%
      1,000,000 USD to 10,000,000 USD 0.30% 0.05%
      Over 10,000,000 USD 0.20% 0.00%

    Payment Methods

    LGO supports various payment methods, including bank transfer, SEPA, and wire transfer. LGO Markets does not charge any deposit fees for fiat currencies or cryptocurrencies. However, there are withdrawal fees for cryptocurrencies, which vary depending on the cryptocurrency. For example, the withdrawal fee for Bitcoin is 0.0005 BTC.

    Payment Method Buy Sell Add Cash Cash Out Speed
    Bank transfer Yes Yes Yes Yes 1-3 business days
    SEPA Yes Yes Yes Yes 1-3 business days
    Wire transfer Yes Yes Yes Yes 1-3 business days

    Is LGO a Good Exchange for You?

    LGO Exchange is an ideal platform for individuals and institutions seeking a regulated and secure environment for cryptocurrency trading. Regulated by the Autorité des marchés financiers (AMF) in France, LGO offers assurance regarding compliance with industry regulations, providing users with peace of mind. With a focus on security, LGO implements encrypted data storage and two-factor authentication (2FA) to safeguard user assets.

    Additionally, the exchange lists a diverse range of cryptocurrencies, perfect for traders with varying investment preferences.

    Customer Support

    LGO EUROPE SAS offers customer support through its Twitter account @LGOGROUP_ and customer service email address: contact@lgo.group.

    Compare to Other Similar Brokers

    In comparison to other brokers, LGO offers a selection of 70 cryptocurrencies with fees ranging from Maker: 0.25% - 0.00% and Taker: 0.50% - 0.20%. While it provides a trading volume-based rebate of up to 20%, it requires a minimum account deposit of 100 USD.

    Binance offers a broader range of 500+ cryptocurrencies with fees Maker: 0.04% - 0.02%, Taker: 0.06% - 0.04%, and up to 40% trading volume-based rebate, but with a lower minimum account deposit of 10 USD.

    Coinbase features 100+ cryptocurrencies with Maker: 0.4%, Taker: 0.5% fees and up to $500 in rewards, requiring a minimum deposit of 25 USD.

    Kraken provides 60+ cryptocurrencies, fees of Maker: 0.16%, Taker: 0.26%, and up to 100 USD in rewards, while not mandating a minimum deposit.

    Feature LGO Binance Coinbase Kraken
    Cryptocurrencies 70 500+ 100+ 60+
    Amounts Up to 100,000 USD Up to 100,000,000 USD Up to 50,000 USD Up to 50,000 USD
    Fees Maker: 0.25% - 0.00%, Taker: 0.50% - 0.20% Maker: 0.04% - 0.02%, Taker: 0.06% - 0.04% Maker: 0.4%, Taker: 0.5% Maker: 0.16%, Taker: 0.26%
    Account minimum 100 USD 10 USD 25 USD 0 USD
    Promotions Up to 20% trading volume-based rebate Up to 40% trading volume-based rebate Up to $500 in rewards Up to 100 USD in rewards

    Conclusion

    In conclusion, LGO is a regulated virtual currency exchange based in France that offers a wide variety of cryptocurrencies for trading. It provides users with increased confidence through its regulation by the AMF and prioritizes security with measures such as encrypted data storage and two-factor authentication. However, as a relatively new exchange, LGO is still establishing its reputation in the industry.

    Additionally, fees on the platform are dependent on trading volume, potentially increasing costs for some traders. Despite these disadvantages, LGO's diverse range of cryptocurrencies and support for multiple payment methods make it a viable option for individuals and institutional investors alike.

    FAQs

    Q: What cryptocurrencies are available for trading on LGO?

    A: LGO offers a wide range of more than 70 cryptocurrencies for trading, including popular options like Bitcoin and Ethereum, as well as lesser-known digital assets.

    Q: What payment methods does LGO support?

    A: LGO supports various payment methods, such as bank transfer, SEPA, and wire transfer, providing users with flexibility in funding their accounts and making deposits or withdrawals.

    Q: Are there any fees for trading on LGO?

    A: Yes, Taker fees range from 0.50% for up to 100,000 USD trading volume, gradually decreasing to 0.20% for volumes over 10,000,000 USD. Maker fees range from 0.25% to 0.00%.

    Q: What security measures are in place to protect user funds and information on LGO?

    A: LGO prioritizes security and has implemented measures such as encrypted data storage and two-factor authentication (2FA). These measures help protect user funds and prevent unauthorized access to accounts.

    User Review

    User 1: LGO has been my go-to crypto exchange for a while now, and I must say, their security measures are top-notch. I feel confident trading on their platform knowing that my funds and personal information are well protected. The regulatory status of LGO also adds an extra layer of trust. The interface is user-friendly, making it easy to navigate and execute trades. However, I have noticed that the liquidity on some less popular cryptocurrencies can be a bit limited, which is a drawback if you're into trading those. Overall, LGO is a reliable exchange with great customer support and reasonable trading fees.

    User 2: I recently started using LGO, and one thing that stood out to me is their extensive range of cryptocurrencies available for trading. It's refreshing to have so many options to explore and diversify my portfolio. Another aspect that impressed me is their customer support. The team is responsive and helpful, addressing my inquiries promptly. However, I did notice that the trading fees can get a bit expensive, especially for larger trades. Also, the deposit and withdrawal speed could be improved as there were some delays in processing my transactions. Despite these minor issues, I find LGO to be a secure and reliable exchange with a user-friendly interface.

    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.