FOBLGATE Trading Fee Calculator
Calculate your trading fees on FOBLGATE based on the exchange's 0.05% flat fee structure. Compare your potential costs with industry average fees (0.10%-0.25%).
Your Estimated Fee
Compare with industry average (0.10%-0.25%):
Key Takeaways
- FOBLGATE offers a flat 0.05% trading fee, well below industry averages.
- Security is strong with cold‑wallet storage, multi‑signature, and ISMS certification.
- Regulatory compliance is its main selling point, but liquidity is very low (≈$50k daily).
- The platform supports only 16 cryptocurrencies and 17 trading pairs.
- Best suited for South Korean users who prioritize compliance over deep liquidity.
FOBLGATE is a centralized cryptocurrency exchange founded in January 2019 by Glosfer, a South Korean blockchain company. It officially launched on 8July2019 and has positioned itself as a compliance‑first platform for Korean traders. In this FOBLGATE crypto exchange review, we break down its fees, security, liquidity, and overall suitability for different types of users.
Platform Overview
The exchange operates out of Seoul (397, Seocho‑daero, Seocho‑gu) under company registration number 136‑87‑01478. As of April2024, FOBLGATE claims a 93.81% market share among NON‑KRW exchanges, but the actual 24‑hour trading volume hovers around $50,000, a stark contrast to global giants processing billions daily.
Security and Regulatory Compliance
Security is the flagship feature. FOBLGATE stores the majority of user assets in cold wallets and applies multi‑signature technology for withdrawals. The platform also mandates two‑factor authentication (2FA) for every login.
ISMS certification confirms that the exchange meets South Korean information‑security standards and it reports directly to the Financial Intelligence Unit (FIU) as required by the Special Financial Transaction Information Act.
On the anti‑money‑laundering front, FOBLGATE partnered with GT1 to build an AML engine used by firms like Samsung Securities and Kakao Bank. Additionally, a dual‑track Travel Rule solution-‘Verify VASP’ from Lambda256 and CODE-adds another layer of transaction transparency.
Fee Structure and Trading Costs
FOBLGATE charges a flat 0.05% fee for both makers and takers. CryptoWisser notes this is "very competitive and substantially below the global industry averages for centralized exchanges," which typically range from 0.10% to 0.25%.
Withdrawals incur only the network fee; there are no extra platform charges. Fiat deposits are limited to wire transfers-no credit or debit card options-making the exchange more of an entry‑level gateway for Korean investors.
Liquidity and Trading Volume
While the fee advantage is clear, liquidity is the Achilles’ heel. Daily volume across the 16 listed cryptocurrencies totals roughly $50,000. This low depth can lead to slippage on larger orders and makes it difficult for professional traders to execute sizable positions without moving the market.
For context, Binance processes $15-20billion per day, and local heavyweight Upbit exceeds $1billion. The stark gap means FOBLGATE is best for small‑scale, compliance‑focused traders.
Cryptocurrency Selection and Features
As of April2024, FOBLGATE lists 16 cryptocurrencies and 17 trading pairs. The lineup includes major assets like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), but many emerging tokens are absent. The platform offers basic charting tools, Facebook/Kakao/Apple simple login, and a mobile app that mirrors the web interface.
There is no native staking, lending, or futures product, limiting users who seek diversified on‑platform services.
User Experience and Support
Account registration requires standard Korean identity verification: resident registration number, photo ID, and a selfie. Once approved, users can log in via KakaoTalk, Telegram, email, or social media channels.
Customer support is advertised as 24/7 through KakaoTalk, Telegram, email, and social media. However, community chatter on Reddit, Twitter, or specialized forums is minimal, reflecting the platform’s niche user base.
Pros and Cons
- Pros
- Flat 0.05% fee-very cheap for traders.
- Strong security: cold wallets, multi‑signature, 2FA.
- ISMS certification and FIU reporting ensure regulatory compliance.
- Simple login options for Korean users.
- Cons
- Extremely low daily volume (~$50k) limits liquidity.
- Only 16 cryptocurrencies-far fewer than competitors.
- Fiat deposits restricted to wire transfers; no credit/debit cards.
- Language barrier for non‑Korean users; limited global availability.
- Few advanced features (no staking, futures, or margin).
Comparison with Popular Exchanges
| Exchange | Daily Volume (USD) | Trading Fee | Crypto Count | Compliance Highlights |
|---|---|---|---|---|
| FOBLGATE | ≈50,000 | 0.05% (maker & taker) | 16 | ISMS certified, FIU reporting, AML system |
| Binance | ~17billion | 0.10% (taker), 0% (maker) | ≈600 | Global AML/KYC, multiple licenses |
| Upbit | ~1.2billion | 0.10% (taker), 0% (maker) | ≈300 | South Korea VASP license, ISMS |
| Gate.io | ~150million | 0.20% (taker), 0% (maker) | ≈350 | Global KYC, AML compliance |
Who Should Use FOBLGATE?
If you are a South Korean resident who values a platform that meets local regulatory standards and you trade modest amounts, FOBLGATE’s low fees and robust security make sense. Conversely, if you need deep liquidity, a broad token selection, or advanced products like futures, you’ll likely gravitate toward Binance, Upbit, or Gate.io.
Future Outlook
FOBLGATE continues to cooperate with Korean regulators, recently completing a VASP renewal submission and integrating Verify VASP services from Binance. These moves could cement its niche status but won’t magically boost liquidity. Expansion beyond Korea would require multilingual support and broader licensing-steps the company has not announced.
Frequently Asked Questions
Is FOBLGATE safe for storing crypto?
Yes. The exchange uses cold‑wallet storage, multi‑signature withdrawals, and has earned ISMS certification, which is a strong indication of solid security practices.
What fees does FOBLGATE charge for trades?
Both maker and taker orders are charged a flat 0.05% fee, making it cheaper than most global exchanges that charge 0.10%-0.25%.
Can I deposit fiat directly with a credit card?
No. FOBLGATE only accepts fiat deposits via bank wire transfer. Credit or debit card deposits are not supported.
How many cryptocurrencies are available on FOBLGATE?
As of April2024, the platform lists 16 cryptocurrencies across 17 trading pairs.
Is FOBLGATE suitable for professional traders?
Generally not. The low daily volume (~$50k) means liquidity is thin, leading to slippage on larger orders. Professional traders usually prefer exchanges with deeper order books.
Comments
While many herald FOBGLATE’s 0.05% flat fee as a boon, we must consider the hidden trade‑off. The exchange’s razor‑thin margins often translate to sub‑par customer service and limited liquidity. In my view, the “cheap” tag is a veneer over deeper operational compromises.
This platform is a sham masquerading as a legitimate exchange; their security claims are nothing but smoke and mirrors. They probably store your keys in a basement while telling you they’re “cold”. I’d stay far away before they swallow your funds.
i get why you’re skeptical but fr the fees really are low lol maybe they’re just good at marketing not custodian stuff
From a regulatory standpoint, FOBGLATE’s compliance framework appears to be aligned with Western standards, yet it conspicuously neglects the stringent safeguards advocated by our own national financial authorities. This omission raises concerns about the exchange’s commitment to protecting domestic investors. It would be prudent for American regulators to scrutinize such gaps before endorsing its operations.
Sounds like a solid deal! 🚀 Low fees are always a win, and if the platform stays secure, it could be a great addition to your crypto toolbox. Keep an eye on any updates, and happy trading! 😊
FOBLGATE tries to sell itself as a global player, but it’s clear they’re catering to a niche that ignores the economic realities of our nation. Their fee structure might be low, but the real cost is the erosion of domestic market sovereignty. We can’t let foreign platforms dictate terms to our investors.
One must question the superficial allure of minimal fees when the platform’s architecture lacks the robustness demanded by discerning connoisseurs of finance.
While the critique is sharp, remember that every exchange has room to evolve. Encourage FOBGLATE to bolster its security protocols and maybe they’ll live up to their fee promises. Constructive pressure can spark real improvements.
In contemplating the nature of transaction costs, one might reflect that monetary value is but a construct, and the true price of trust is intangible. Thus, low fees may mask a deeper scarcity of confidence.
What most fail to see is that these “transparent” fee calculators are just a veneer, a smokescreen overlaying a complex network of off‑shore entities funneling profits away from the average user. The data they present is cherry‑picked to lure unsuspecting traders into a labyrinth of hidden charges.
The fee calculator provides a clear illustration of how a 0.05% charge compares to industry averages, yet it prompts further inquiry into the exchange’s underlying liquidity provision mechanisms. How does FOBGLATE sustain such low rates without compromising order‑book depth? Additional transparency on this front would be beneficial.
the fee calc is usefull but they should also show how the spreads look on real market data maybe a graph would help users see actual cost vs price slippage
When one surveys the landscape of crypto exchanges, FOBGLATE’s claim of a uniformly low fee emerges as a siren call to the weary trader. Yet, beneath this melodic promise lies the specter of compromised security, a shadow that haunts even the most alluring of offers. The prudent investor must weigh the allure against the potential peril.
Life is a series of exchanges, both digital and existential. 🤔 If you can trade with barely any fee, perhaps the universe is nudging you toward minimalism. 🌌
One must not be deceived by the simplicity of a decimal figure; the profundity of a platform’s ethos is measured not in percentages but in the rigor of its governance. The discourse surrounding fee structures often overlooks the grander narrative of institutional integrity.
It is evident to the discerning observer that many users lack the critical acumen to assess the ramifications of such fee structures, preferring instead the shallow comfort of low percentages. This superficial approach betrays a deeper ignorance of market dynamics.
hey folks, while the fees look great, make sure you also check the KYC process and how they handle user data – a solid platform is about more than just cheap trades.
Oh great, another exchange promising “tiny fees” while probably charging you a fortune in hidden premiums. Because that’s exactly what we need in this space.
Listen up, fellow traders! The real battle isn’t just about who offers the lowest fee-it’s about who stands firm when the market storms hit. Choose a platform that doesn’t abandon you when volatility spikes; your portfolio’s destiny depends on it.
Cool stuff, thanks for the breakdown.
In the quiet moments between trades, one might contemplate whether the pursuit of lower fees is merely a distraction from the deeper quest for financial serenity.
FOBLGATE’s fee model, at first glance, appears almost altruistic-a flat 0.05% regardless of volume, maker, or taker status. However, the sustainability of such a model warrants scrutiny, especially when juxtaposed against the operational costs of maintaining robust security infrastructure. A low fee can attract high-volume traders, but it also entices ill‑intentioned actors who seek to exploit thin margins. Security, in this context, is not just about cold storage; it encompasses rigorous KYC/AML procedures, real‑time monitoring, and rapid incident response capabilities. Unfortunately, the public documentation provides scant detail on how FOBGLATE funds these essential services. Moreover, compliance with evolving regulatory regimes across multiple jurisdictions is a costly endeavor that most exchanges offset through tiered fee structures. By flattening fees, the exchange may be relying on alternative revenue streams such as listing fees, margin interest, or tokenized incentives, which could introduce conflicts of interest. Users should therefore examine the fine print regarding any ancillary charges that could erode the perceived savings. The fee calculator’s comparison to industry averages is informative, yet it fails to account for hidden spreads that manifest during periods of low liquidity. Historical data suggests that platforms with ultra‑low fees occasionally experience wider bid‑ask spreads, indirectly raising transaction costs. Additionally, the platform’s customer support reputation remains ambiguous; rapid assistance is crucial when dealing with potential security breaches. From a compliance standpoint, the absence of explicit statements about licensing in major financial hubs raises red flags for institutional participants. While individual traders might overlook these nuances, professional fund managers cannot afford such uncertainty. In sum, FOBGLATE presents an enticing fee proposition, but prospective users must conduct comprehensive due diligence beyond the surface numbers. Only by aligning fee expectations with transparent security and compliance practices can one truly benefit from such an offering.
Honestly, the whole “low fee” hype is just another marketing gimmick that distracts from the fact that the platform probably has a dumpster fire behind it.
Low fees are nice, but security should be the priority.