Coingalo: an honest review, reviews, and fraud exposure

The Coingalo project is a cryptocurrency trading platform focused on providing high-quality services at a professional level. The official website of the intermediary is available at the domain coingalo.com, which is only available in the English version.

The company emphasizes maintaining strict security standards, protecting the interests of its users and ensuring strict adherence to all protocols. However, the site does not provide information about the presence of licenses and regulators, leaving uncertainty about the company's legal status.

The “Contacts” section on the site offers two ways to get in touch - via email and through a feedback form, which limits opportunities for full communication with clients and receiving prompt support.

Cryptocurrencies and trading on the “Coingalo” exchange

The broker offers the following cryptocurrencies for trading:

• Bitcoin (BTC);
• Ethereum (ETH);
• Bitcoin Cash (BCH);
• Ripple (XRP);
• Dogecoin (DOGE).

Fiat currencies are absent among the offered assets. All available trading pairs are presented only in cryptocurrencies.

Coingalo cryptocurrency exchange: features

The “Coingalo” exchange claims to have low fees and the ability to trade with leverage up to 10x. The platform also offers secure asset storage at institutional standards using a cold storage system, as well as a cryptocurrency wallet that supports all tokens available on the platform. One of the features of this service is the requirement to activate a premium account for clients whose balance exceeds 500 USD.

Coingalo is a versatile platform that combines powerful features, fast transaction processing, and a user-friendly interface. Traders can use an investment calculator to assess and plan their investments. Opportunities for staking and participating in DeFi projects are also available to increase profits.

The registration process on coingalo.com is simple and intuitive. The user needs to fill out a registration form with correct data. After that, a login and password for accessing the personal account are automatically assigned.

How to deposit and withdraw money from the coingalo.com crypto exchange

The cost of services on the “Coingalo” platform is determined by the operator CRYPTO ARBY TRADE LIMITED, and details about the fees can be found in the “Fees” section on the website. To make payments, users can use the available methods provided by the system.

The Fecusdt crypto exchange charges fees that depend on the trading volume over the last 30 days. The larger the volume, the lower the fees. In general:

• maker - the fee ranges from 0.3% to -0.05% depending on the volume;
• taker - the fee from 0.3% to 0.05%.

Additionally, users can receive cashback on fees, which can be up to 116% for maker and up to 83% for taker, depending on the trading volume.

To withdraw profits, it is necessary to go through the wallet verification procedure, otherwise, withdrawal of funds will be impossible.

Conclusions about coingalo.com

The “Coingalo” platform raises several questions due to the lack of complete information about its legal status and licenses, leaving ambiguity about its legality and reliability. Despite claims of high-security standards, the lack of information about regulators and licenses may indicate risks for users, especially in case of problems with withdrawing funds. In the ranking of crypto exchanges, Coingalo occupies low positions, as highlighted by negative user reviews about difficulties with withdrawing funds and account blocking. The platform also requires the activation of a premium account for fund withdrawal, which seems dubious and raises additional questions. Before starting work with the crypto exchange, it is strongly recommended to study reviews about Coingalo from clients and experts to avoid unforeseen risks and problems with withdrawing funds.