Invest in these and more coins with Folionet
The benefits of cryptos at your fingertips
Forget the complex process of registering a wallet, having several keys, opening accounts in different countries, and having your money travel around the world. Folionet allows you to manage your cryptos and your money in one place.
24/7 Crypto market access
Registered institution in the US
Shares and crypto in the same app
No need for digital wallets
Immediate access to your money
Support in your language
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You will open a cryptocurrency account with Apex Crypto LLC, and you can use either a margin account or a cash account to fund your cryptocurrency trades.
Cryptocurrencies, however, are not marginable. This means that you must have enough money available in your account to pay 100% of the purchase value.
So far, the following coins are already available:
- Bitcoin (BTC)
- Ethereum (ETH)
- Cardano (ADA)
- Dogecoin (DOGE)
- Solana (SOL)
- Polygon (MATIC)
- Litecoin (LTC)
- Shiba Inu (SHIB)
- Bitcoin Cash (BCH)
- Ethereum Classic (ETC)
- USD Coin (USDC)
This coin list is subject to change; new coins may be added soon and others may be delisted in the future.
Note: not all of these currencies are available for New York customers.
For information regarding countries available to trade crypto at Folionet, contact us at email@example.com.
Currently, Folionet does not have the function to transfer Wallets or cryptocurrencies to or from the App.
The buying power for cryptocurrencies is equal to the cash available for withdrawal in your investment account. The money from a cryptocurrency sale will be available immediately after the order is completed.
The cryptocurrency market is permanently open, so you can trade on it any day of the week. However, the service will have a daily maintenance window from 5:30 pm to 6:05 pm ET, when no new orders will be accepted nor executed.
When trading cryptocurrencies a $0.98 processing fee is charged. Additionally, a markup or markdown is included automatically when placing an order depending on the currency traded.
You can place two types of orders:
Market order: buy or sell cryptocurrencies at the market price at that moment. Due to the volatility of the market, this price can change while the order is being processed, so this type of order is limited to be Immediate or Cancel (IOC). This means that the portion of the order that is not processed within 5 seconds of being placed will be automatically cancelled.
Limit order: buy or sell cryptocurrencies at a specified price. If you want to buy, you can place a limit order to specify the maximum price you would be willing to pay for a cryptocurrency. If you want to sell, you can place this order with the minimum price at which you would be willing to sell. The execution of these orders depends on the market.
Limit orders have 2 possible durations:
- DAY: The order is valid for the day on which it is placed. If it has not been executed by 5:30pm EST it will be automatically cancelled.
- GTC (Good ‘Til Cancelled): The order will be valid for up to 90 days or until the market price reaches the specified price. During the maintenance window no order will be executed.
You can place orders in terms of US dollars (USD) or in quantity of cryptocurrencies (including fractions of these).
If an order is placed in terms of US dollars (USD), the number of cryptocurrencies purchased may vary due to market volatility. This option is not available for sell orders.
- The maximum amount per order is $100,000 each.
- Total outstanding purchase orders must not exceed $200,000.
- The minimum purchase amount is $5.00.
- No sell orders can be placed in terms of USD values.
- Short selling is not allowed.
- The use of margin is not allowed.
- Sell orders of less than 1 USD in value will only be accepted in the case of a full liquidation.