FollowMyMoney review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
FollowMyMoney runs a centralised exchange with a taker fee of 0%, ranking 1 of 118 on trading cost. BaFin supervision under a MiCA licence suits German buyers who want the fee kept out of each trade and a named operator behind it.
Key facts
- Best for
- A taker fee of 0% on a BaFin supervised exchange.
- Taker fee
- 0%↗
- Regulators
- Federal Financial Supervisory Authority (BaFin)↗
- Exchange type
- Cex↗
- Legal entity
- Fels wealth GmbH↗
- Headquarters
- Germany↗
- Official website
- followmymoney.de
Facts checked September 26, 2026, 2 sources
Apps and profiles
- Elsewhere
- Wikidata
Pros and cons
Pros
- Taker fees of 0% come in under bunq at 0.25% to 1.99% and Bit2Me at 0.6%.
- The Federal Financial Supervisory Authority (BaFin) supervises the exchange, and the licence is on record as MiCA CASP 391200LUYJY880GPSY38.
- The operator is Fels wealth GmbH, so the counterparty behind the account is named.
Cons
- A cex holds the balance for you, so you carry operator risk on top of market risk.
- Federal Financial Supervisory Authority (BaFin) is the only supervisor listed, so no second regulator stands behind the exchange.
- The taker fee of 0% covers trading, so costs on deposits, withdrawals and spreads are not answered by that figure.
Who it suits
- German buyers who want the supervisor, Federal Financial Supervisory Authority (BaFin), and the operating entity, Fels wealth GmbH, both named.
- Active traders, since a taker fee of 0% adds nothing to the cost of an order however often you trade.
- Buyers who settle the supervision question first, with the licence recorded as MiCA CASP 391200LUYJY880GPSY38.
Who should look elsewhere
- Bitpanda, which lists FMA (Austria), BaFin (Germany) and Austrian Financial Market Authority (FMA), for buyers who want supervisors from several European markets.
- bunq, where taker fees run 0.25% to 1.99%, for traders who expect to pay a spread on each trade.
- Bit2Me, whose taker fees are 0.6%, for anyone who would rather pay a mid range fee per trade.
How FollowMyMoney compares
9.1 vs 9.5- 9.1 vs 9.3
9.1 vs 9.2
9.1 vs 9.7
9.1 vs 9.4
9.1 vs 9.6
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 8.9
9.1 vs 9.0
9.1 vs 8.2
9.1 vs 8.2
9.1 vs 9.7
9.1 vs 9.4
9.1 vs 9.3
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.1
9.1 vs 9.0
9.1 vs 8.7
9.1 vs 8.6
Where FollowMyMoney is available
- Available
- Germany
- Licence in Germany
- Federal Financial Supervisory Authority (BaFin) (MiCA CASP 391200LUYJY880GPSY38), checked September 26, 2026, also valid in Germany
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much does it cost to trade on FollowMyMoney?+
Taker fees sit at 0%, so no trading fee is added to each order. That puts FollowMyMoney at 1 of 118 on the taker fee ranking, with a cost score of 9.2. The figure covers trading on the exchange rather than the cost of moving money in or out.
Who regulates FollowMyMoney?+
The exchange is supervised by the Federal Financial Supervisory Authority (BaFin) and holds the MiCA licence MiCA CASP 391200LUYJY880GPSY38. Its home country is DE, so the supervisor sits in the same market as the operation. One regulator appears on the record.
Which company runs the exchange?+
The operator behind the account is Fels wealth GmbH, the entity named on the licence record. That is the counterparty you deal with when you open an account and place orders, and the name to check in a supervisor's public register.
Do I hold the coins myself?+
FollowMyMoney is a cex, so the platform holds the balance rather than settling to a wallet in your own name. That is the commonest setup here, with 91.2% of the exchanges tracked. Deposits and withdrawals therefore run through the operator.
How does the fee compare with bunq and Bit2Me?+
FollowMyMoney charges a taker fee of 0%. bunq runs taker fees of 0.25% to 1.99% and Bit2Me charges 0.6%, so the gap widens as order frequency rises. Bitpanda lists FMA (Austria), BaFin (Germany) and Austrian Financial Market Authority (FMA) instead, which serves a buyer weighing supervision rather than trading cost.
What score does FollowMyMoney get on cost?+
The overall score is 9.2 and the cost part is 9.2. The taker fee of 0% compares with a median of 0.2% across the exchanges tracked, and that gap is what carries the cost result.
Who is FollowMyMoney built for?+
It suits German buyers who want a named supervisor, Federal Financial Supervisory Authority (BaFin), a named operator, Fels wealth GmbH, and no trading fee. Traders who expect a spread per trade may weigh bunq at 0.25% to 1.99%, and buyers who put supervision across markets first can compare Bitpanda's FMA (Austria), BaFin (Germany) and Austrian Financial Market Authority (FMA).
Sources
- esma.europa.eu/sites/default/files/2024-12/CASPS.csv checked September 26, 2026
Backs: Headquarters, Legal entity, Regulators, Licences
“ae_homeMemberState=DE”
- followmymoney.de/produkte/mykrypto checked September 26, 2026
Backs: Exchange type, Taker fee
Compiled from 2 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Coins listed, Fiat deposit methods.