Exmo Cryptocurrency Exchange Review : Pros & Cons

About Exmo

At EXMO they have a vision of a world where crypto is in every wallet. Hassle-free. They want to achieve this by making crypto as simple and accessible to everyone as possible. Founded in 2014, the company is now based in the UK, Ukraine, Poland, Lithuania and the US.

The EXMO.com cryptocurrency platform has more than 24,000 active daily traders, more than 180 trading pairs, an exchange token EXMO Coin (EXM) and operates with 5+ fiat currencies. The platform supports SEPA and SWIFT transfers, as well as credit/debit cards for instant crypto purchases. The average daily trading volume is over $200 million. Apart from standard operations, the exchange offers OTC trading, API, a mobile app, staking, etc.

Information Table

How To Register At EXMO Exchange ?

To register on EXMO, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

How To Verify Your EXMO Account ?

There is no mandatory verification at EXMO, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal Fee of 0.001 BTC per day. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Bitstamp, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At EXMO Crypto Exchange?

There are two main options for topping up your balance on EXMO. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From EXMO Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your EXMO Account ?

Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app – this is the most reliable way to prevent unauthorized access to your account.

Exmo Trading fees

This cryptocurrency exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model.

Exmo offers a flat trading fee of 0.30%. 0.30% is a bit above the global industry average, which has historically been around 0.25% but is now moving even lower, towards 0.10%-0.15%. If your trading volume during the preceding 30-day period exceed certain thresholds, your trading fees will become lower. But, the starting point is always 0.30%.

Exmo also offers Premium Cashback to lower the fees regardless of the trading volume. There are 4 packages to choose from that can be bought for EXM (Exmo’s native token). Depending on the type of the trading operation, cashback rates are divided into Taker and Maker.

Exmo Withdrawal fees

The final fee to consider is the withdrawal fee. Exmo charges 0.0005 BTC per BTC-withdrawal. This fee is slightly below the global industry average, as the industry average according to the only empirical study performed on the subject that we know of, this one, is 0.00059 BTC per BTC-withdrawal.

Deposit Methods

At Exmo, you can deposit through SEPA, Wire Transfer, Swift, Chaps and credit cards. This can be helpful especially for newer crypto investors.

Features Of Exmo Crypto Exchange

Simple Trade

Buy and sell crypto at the touch of a button. No hustle, just ease

EXMO Coin

With our native coin you can receive additional benefits and perks

EXMO Premium

Up to 100% discount on trading fees with our Premium packages

API

Set up API integrations to automate your trades

EXMO Prime

Personalised and high-touch approach to trading large volumes

Referral Program

Bring friends and get up to 40% reward from their trading fees.

Customer Support

EXMO customer support plays a crucial role in its market prestige. The exchange has established a forum for new customers to answer standard questions. Moreover, there is a dedicated customer support email service that works for anyone facing difficulties.

Using “support@exmo.com,” traders can contact the customer support executives in no time. For better support, an updated online chat section has been established as well. In case of any emergency or immediate support, users can get their issues resolved. Users get a ticket regarding the issue, and executives try to solve the concerns as soon as possible.

Available At Android & IOS Store

EXMO exchange application available on both world famous mobile store google play store and iOS store . You Can download App and start trading .

Passive earning tools

In the Passive Income section of EXMO , you can invest USDT or BTC and earn daily profits. At the same time, the exchange guarantees the receipt of the declared profit, since even in the event of a deterioration in the market situation, it will cover payments from its own funds until it develops a new strategy.

Mind Blowing Design

They’ve done a great job with making the homepage easy to navigate. The only drawback is that, with the white background, it can be hard on your eyes. Other than that, you’ll find their charts and trade tools easy to use if you’re already familiar with Tradingview.

Conclusion Exmo Exchnage

Exmo is a cryptocurrency exchange platform that allows users to trade various cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and others. It was founded in 2013 and is headquartered in London, UK. Exmo offers features such as multi-language support, 24/7 customer support, and a user-friendly interface. However, as with any cryptocurrency exchange platform, users must exercise caution and assess the risks involved with trading cryptocurrencies.