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Fmfw Cryptocurrency Exchange Review: It Is Safe Or Legit Exchange?

Fmfw Cryptocurrency Exchange Review: It Is Safe Or Legit Exchange?

About Fmfw Cryptocurrency

The exchange is registered in Saint Kitts and Nevis. FMFW.io was known as Bitcoin.com Exchange up until 29 September 2021, when the rebranding took place. As main advantages, the platform highlights that it is secure, fast and that they have dedicated 24/7 support.

Operating Company 

Exchange NameFmfw
Support24/7
LanguageEnglish
Withdraw Fee0.000051
Taker Fee0.50% 
Maker Fees0.50% 
Official SiteHomepage

How To  Start With Fmfw

To Start Trading With Fmfw Indian Residents First Have To Sign Up For An Account By Following The Steps Below.

Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The Fmfw Exchange Website.

Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.

Step 3. If You Have A Referral Code, Enter The Code While Creating Your Account.

Step 4. Submit The Form And Wait For An Activation Email To Be Sent To You.

Step 5. Click On The “Confirm Email” Link In The Activation Email.

Step 6. After Your Account Is Activated, You’ll Be Sent A 6 Digit One Time Password (OTP), Which You Have To Enter After Logging Into Your Fmfw .

Withdrawal Limits

Individual: $25,000 daily, $100,000 monthly;
Individual Pro: 100 BTC daily, no limits monthly.

Please note, sometimes we might still require traders to pass KYC to withdraw even if the amount is below the said limits to stay compliant with our AML/CFT obligations. They reserve the right to require verification depending on volumes traded or the frequency of transactions executed.

Trading Fees

FMFW.io employs a ‘maker-taker’ model for fees, with the purpose of maximising liquidity and narrowing the spread on markets, as well as encouraging market-makers.

In a maker-taker model the “taker” is a trader who removes the liquidity from the book by placing an order that matches immediately with an existing order on the book. The Taker pays the fee from the committed trade.

The “maker” is a trader who provides liquidity to the order book by placing a limit order below the best ask price for buy and above the best bid price for sell.

On the exchange they use a dynamic fee structure, it implies that the more you trade, the less fee you pay. See more detailed information on the Fee Schedules page.

Margin Trading Fees

To keep your margin position open, you will be required to pay a small interest rate daily. This applies regardless of if you are shorting or going long on an asset. The rates are as following:

NameTickerDaily Interest Rate
TetherUSDT0.099%
BitcoinBTC0.024%
EthereumETH0.027%
RippleXRP0.027%
Bitcoin CashBCH0.018%
EOSEOS0.021%
TRONTRX0.039%
CardanoADA0.042%
LitecoinLTC0.021%
ZcashZec0.030%
StellarXLM0.021%
MoneroXMR0.081%
NEONEO0.021%
VeChainVET0.021%
QTUMQTUM0.021%
Binance CoinBNB0.021%
ChilizCHZ0.021%
MakerMKR0.021%
FTX TokenFTT0.021%
VergeXVG0.021%
ChainlinkLINK0.021%
Basic Attention TokenBAT0.021%
NEMXEM0.042%

Interest Rate payments occur three times daily, once at 0:00 UTC, at 8:00 UTC and at 16:00 UTC. All of the rates are charged in the quote currency, meaning that if you were in a long (or short) position on BTC/USDT, interest would be paid in USDT.

Margin Borrowing Limits

Borrowing limits apply to all trading pairs, if long or short. No trader will be able to borrow more than the limits specified at a certain time. For an overview of all borrowing limits, check the table below:

Trading PairBorrowing Limit for Short PositionsBorrowing Limit for Long Positions
BTC/USDT40 BTC2,000,000 USDT
ETH/USDT240 ETH480,000 USDT
LTC/USDT2,500 LTC480,000 USDT
BCH/USDT350 BCH240,000 USDT
XRP/USDT440,000 XRP240,000 USDT
EOS/USDT47,000 EOS240,000 USDT
TRX/USDT4,500,000 TRX240,000 USDT
ADA/USDT350,000 ADA240,000 USDT
XMR/USDT450 XMR120,000 USDT
DASH/USDT800 DASH240,000 USDT
XLM/USDT240,000 XLM120,000 USDT
NEO/USDT3,100 NEO120,000 USDT
VET/USDT2,000,000 VET120,000 USDT
QTUM/USDT16,000 QTUM120,000 USDT
BNB/USDT1,000 BNB240,000 USDT
MKR/USDT43 MKR120,000 USDT
XEM/USDT250,000 XEM120,000 USDT
XVG/USDT5,000,000 XVG120,000 USDT
FTT/USDT3,500 FTT120,000 USDT
LINK/USDT2,500 LINK120,000 USDT
BAT/USDT200,000 BAT120,000 USDT
CHZ/USDT2,000,000 CHZ80,000 USDT
ETH/BTC240 ETH10 BTC
LTC/BTC2,500 LTC10 BTC
BCH/BTC350 BCH5 BTC
XRP/BTC440,000 XRP5 BTC
EOS/BTC47,000 EOS5 BTC
TRX/BTC4,500,000 TRX5 BTC
ADA/BTC350,000 ADA5 BTC
XMR/BTC450 XMR2.5 BTC
DASH/BTC800 DASH5 BTC
ZEC/BTC700 ZEC2.5 BTC
XLM/BTC420,000 XLM2.5 BTC
NEO/BTC3,100 NEO2.5 BTC
VET/BTC2,000,000 VET2.5 BTC
QTUM/BTC16,000 QTUM2.5 BTC
BNB/BTC1,000 BNB5 BTC

What we offer

Analytics

Check your favorite coin’s price data, and keep an eye on news and Social Feeds all in one convenient interface.

IEO

Participate in Initial Exchange Offerings, and be among the first to buy newly-launched projects’ tokens.

Trading competitions

Join any of the ongoing trading competitions to secure your chance to win exciting new crypto assets.

Margin Trading

Increase your returns with leverage trading. Trade with up to 12x leverage on selected pairs.

Buy Crypto with fiat

Easily buy crypto using your credit card or via bank transfer.

Market Overview

See what’s happening when it happens. Don’t miss any major price movements with our market overview.

One of Coinworldstory's longest-tenured contributors, and now one of our editors, Verna has authored over 2600+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies. Verna Is team Members of 9 People