LGO

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.

Pros and Cons

• 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.



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

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.