EXMO-1234538037907

⭐Features	Details
⭐Exchange Name	EXMO
⭐Founded in	2013
⭐Registered in	United Kingdom
⭐Cryoptocurrencies	100+
⭐Trading Fees	Maker fees 0% to 0.25%, Taker 0.25%
⭐24-hour trading volume	2,124 BTC
⭐Customer Support	Youtube, Instagram, Email

What is EXMO？

EXMO, established in 2013, stands as one of the earliest

cryptocurrency

exchanges, with a UK base and additional offices in Ukraine and Russia, supporting for over 100 cryptocurrencies. The exchange boasts high liquidity, recording a 24-hour trading volume exceeding 2,124 BTC, amounting to 50 million dollars. EXMO's fee structure revolves around maker and taker fees, maker fees ranging from 0% to 0.25%, varying by trade volume, takers facing a flat 0.25% taker fee.

Pros and cons

EXMO excels in these areas:

• EXMO has low maker fees from 0% and a 0.25% taker fee.

• The exchange supports 100+ cryptocurrencies.

• EXMO handles $50M+ in trades per day, showing good liquidity.

• Its user interface is beginner-friendly.

• Users can earn rewards by staking various coins.

• Users can choose between bank transfers, cards, and electronic payment systems for transactions.

EXMO lacks these areas:

• Getting verified might take longer, causing delays for users.

• Some users face issues withdrawing money from the platform.

• Not all countries can use EXMO due to limitations.

• In 2016, a hack took user funds from EXMO.

• Compared to other exchanges, EXMO lacks transparency.

Pros	Cons
Low maker fees	Verification can be slow
Supporting 100+ cryptocurrencies	Some users face issues with withdrawals
Good liquidity	Not all countries can access EXMO
Beginner-friendl interface	It got hacked in 2016, losing user funds
Rewards staking available	Lack of transparency
Multiple deposit and withdrawal options

Regulation

EXMO is not regulated by any financial authority. It's not on the list of approved platforms by the UK's Financial Conduct Authority (FCA) or any other financial watchdog.

This situation leads to some differences compared to regulated exchanges. For instance, EXMO isn't as strict with Anti-Money Laundering (AML) and Know Your Customer (KYC) rules, which are designed to safeguard users.This brings about certain risks for traders, like less protection from scams or theft – something to keep an eye on, you know.Also, there's a history of EXMO being hacked before, resulting in the loss of user funds. This should be considered by traders thinking about using the platform.

Security

EXMO says it has put in place quite a few security steps to keep funds safe and create a secure space for trading.

• Two-factor authentication (2FA): 2FA is a security feature that requires users to enter a code from their mobile phone in addition to their password when logging in. This helps to prevent unauthorized access to accounts.

• Cold storage: EXMO stores a portion of its users' funds in cold storage, which is offline storage that is not connected to the internet. This helps to protect funds from cyberattacks.

• Multisignature wallets: Multisignature wallets require multiple users to sign a transaction before it can be processed. This helps to prevent unauthorized withdrawals.

• Encryption: EXMO encrypts all user data, including passwords and transaction data. This helps to protect the data from unauthorized access.

Trading Markets

EXMO provides a diverse array of trading products, including major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Users can trade these digital assets against various fiat currencies such as the Russian Ruble (RUB) and the Kazakhstani Tenge (KZT). The platform also supports stablecoins like USDX, offering a stable trading option against cryptocurrencies. This range of trading pairs caters to a global audience, providing flexibility and accessibility in the cryptocurrency market.

Cryptocurrencies available

EXMO offers a bunch of different cryptocurrencies for trading. They've got over 400 cryptocurrencies available. When it comes to listing new coins, they usually do it quite promptly.

Other Services

EXMO enhances the trading experience with various services. The OTC Desk facilitates significant off-platform transactions, while Staking enables extra income through cryptocurrency holdings. VIP Service offers personalized benefits for enterprise clients, and the API serves as a reliable tool for cross-platform trading bots. The Premium service provides discounts on trading commissions, and the Referral Program allows users to earn from their friends' deals. These services contribute to a versatile and tailored trading environment on the EXMO platform.

How to open an account？

The registration process of EXMO is simple and straightforward. Here are the steps to register on EXMO:

1. Visit the EXMO website and click on the “Sign Up” button.

2. Enter your email address, create a password, and agree to the terms and conditions.

3. Verify your email address by clicking on the confirmation link sent to your inbox.

4. Complete the KYC (Know Your Customer) verification process by providing your personal information and uploading the required documents.

5. Wait for the verification process to be completed. This usually takes a few business days.

6. Once your account is verified, you can start depositing funds and trading cryptocurrencies on the EXMO platform.

How to Buy Cryptos？

Buying cryptocurrencies on EXMO is a straightforward process, especially with the option to use a bank card. Users can initiate the purchase by selecting the desired amount they wish to spend, with a range from a minimum of €2 to a maximum of €3000. Once the spending amount is specified, users receive the equivalent amount of cryptocurrencies, such as BTC, based on the current exchange rate. The platform provides a transparent overview, showing the amount users will receive for their specified spend, making the buying process accessible and user-friendly.

Fees

The trading fees on EXMO exchange are determined based on different trading volume levels,

• Maker fees: Makers are traders who add liquidity to the market by placing orders that will not be immediately filled. Their fees are based on their 30-day trading volume, with lower fees for higher volumes. For example, a maker with a 30-day trading volume of $30 will pay a fee of 0%, while a maker with a 30-day trading volume of $50 million will pay a fee of 1.16%.

• Taker fees: Takers are traders who remove liquidity from the market by placing orders that are immediately filled. Their fees are a flat 0.25% regardless of their trading volume.

Trading Volume	Maker Fee	Taker Fee
$30 or less	0%	0.25%
$10,000	0.06%	0.25%
$25,000	0.15%	0.25%
$50,000	0.25%	0.25%
$100,000	0.30%	0.25%
$250,000	0.45%	0.25%
$500,000	0.50%	0.25%
$1M	0.60%	0.25%
$2.5M	0.70%	0.25%
$5M	0.80%	0.25%
$10M	1.00%	0.25%
$50M+	1.16%	0.25%

EXMO offers trading fee reduction options offered by the

cryptocurrency exchange

platform EXMO across four different premium packages, namely Basic, Standard, Advanced, and Professional, providing varying levels of fee reductions for both Maker and Taker trading activities.

Deposit & Withdrawal

With USD, You can deposit and withdraw USD using Advcash, Gift, MARGIN, and PAYERR. For RUB, you have options like Mastercard, VISA, QIWI, GIFT, and PAYEER. If you're dealing with KZT, you can deposit and withdraw via Advcash, Mastercard, VISA, and GIFT.

EXMO allows users to deposit and withdraw various cryptocurrencies. While some coins have no deposit fees, others may involve small charges. Withdrawal fees vary per coin. For instance, Bitcoin Cash and Dogecoin deposits are fee-free, while Ethereum Classic and Cardano incur minor fees. Withdrawal fees range from 0.001 BTC for Bitcoin to 0.002 DASH for Dash. Deposits for Algorand and Dai are free, while withdrawals have slight charges. Users should confirm the latest fees directly from the EXMO platform before proceeding with any transactions. You can check the full details of deposit and withdrawal fees here: https://exmo.me/en/commissions.

Educational Resources

EXMO provides a range of educational resources and tools to support traders in their cryptocurrency journey. The platform offers trading guides and video tutorials that cover various topics, such as basic trading strategies, technical analysis, and risk management. Additionally, EXMO occasionally hosts webinars where traders can learn from industry experts and gain insights into market trends and trading strategies. These webinars offer an opportunity for users to expand their knowledge and stay updated with the latest developments in the cryptocurrency industry.

In terms of community support and communication platforms, EXMO has an active presence on social media platforms such as Twitter, Facebook, and Telegram. These channels serve as a means for users to connect with the EXMO community, ask questions, and share their experiences. There may also be forums and online communities where traders can engage in discussions and seek advice from fellow traders.

Customer Support

EXMO offers some educational resources, including a Knowledge Base, which serves as a hub of information about trading, cryptocurrencies, and platform features. Additionally, users can easily connect with EXMO's Support team through their Contact Support section. Moreover, the platform provides detailed articles that shed light on Fees and Limits, helping traders understand the financial aspects of their transactions.

Is EXMO a Good Exchange for You？

EXMO stands out as the best exchange for traders who want to trade with fiat currencies. With the ability to deposit and withdraw fiat currencies like USD and RUB, EXMO provides a seamless on-ramp for individuals looking to enter the world of cryptocurrency trading directly with their local currencies. This feature makes it particularly suitable for those who prefer the familiarity of traditional currencies and facilitates a smoother transition into the crypto market.

• Beginners: EXMO's platform is easy to use, even for beginners. It offers a variety of features that are designed to make trading easy, such as a user-friendly interface and a variety of educational resources.

• Active traders: EXMO offers a variety of trading features that are designed to appeal to active traders, such as margin trading and stop-loss orders. It also has a high trading volume, which means that there is always liquidity available.

• Traders who want to trade a variety of cryptocurrencies: EXMO offers over 100 cryptocurrencies, which gives traders a wide variety of coins to choose from.

• Traders who want to trade with fiat currencies: EXMO allows traders to deposit and withdraw fiat currencies, such as USD and RUB. This makes it easy for traders to get started with cryptocurrency trading.

Has EXMO experienced any controversy？

EXMO has experienced a number of controversies over the years. Some of the most notable controversies include:

• Hacking: In 2016, EXMO was hacked and some user funds were stolen. The exchange was quick to reimburse the affected users, but the incident raised concerns about the security of the exchange.

• Regulatory issues: EXMO is not regulated by any financial authority. This means that there is no guarantee of its safety.

• Customer complaints: EXMO has received a number of customer complaints about its customer support and withdrawal process.

• Technical issues: EXMO has experienced a number of technical issues, such as outages and delays.

Compare BitMart with other exchanges

Features
Trading Fees	Maker fees 0% to 0.25%, Taker 0.25%	Maker: 0.04%, Taker: 0.075%	Maker: 0.05% - 0.1%, Taker: 0.1% - 0.5%	Up to 0.40% maker fee and up to 0.60% for taker fee
Cryptocurrencies	100+	500+	11	200+
Regulation	Unregulated	Regulated by NMLS, MAS/FinCEN (Exceeded)	Regulated by FSA ( Japan), NMLS, CSSF, DFI, NYSDFS	Regulated by NMLS , FCA, NYSDFS, SEC (Exceeded), FINTRAC (Exceeded)

User Reviews

Liam Smith

March 24, 2021

“Yo, EXMO has been an absolute game-changer for me in the crypto game! The platform's interface is sleek and simple, making trading a breeze even for a newbie like me. Their range of available cryptocurrencies is off the charts – you name it, they got it. And man, the customer support？ They're like real-life superheroes. Whenever I had a question, boom, they were on it like lightning. Plus, I feel secure on there, you know？ They've got security measures to lock down your stuff. Just wish they'd lower those trading fees a bit, but hey, you can't win 'em all. So far, I'm riding the EXMO wave, and it's pretty darn awesome.”

Jack Thompson

May 29, 2021

“Alright, gotta vent about EXMO for a sec. I tried this exchange out, and my oh my, it ain't sunshine and rainbows. The lack of regulation bugged me – I mean, where's the watchdog, right？ And their customer support？ It's like playing hide and seek in a fog. I had an issue, and it took ages to get a response. And speaking of slow, the deposit and withdrawal speed？ Ugh, don't get me started. It's like watching paint dry. On top of that, the trading fees？ Sky-high. It feels like they're taking a cut of my soul every time I make a move. Sure, they got lots of cryptos, but come on, is it worth the hassle？ Not for me, buddy. I'm outta there faster than a crypto crash.”

Conclusion

In a nutshell, EXMO is a well-liked

crypto exchange

with its perks. These include fair trading fees, multiple ways to put in or take out money, and a user-friendly platform. They also offer learning stuff and a place to connect with others in the crypto world. Yet, there have been times when things didn't go smoothly, like slow deposits and withdrawals. It's a good fit for newbies and pros, but do your homework and think about what you need before jumping in.

FAQs

Q: What are the available deposit methods on EXMO？

A: EXMO offers a variety of deposit methods, including bank transfer, credit/debit card, electronic payment systems, and cryptocurrencies.

Q: How long does it take for deposits to be processed on EXMO？

A: The processing time for deposits can vary depending on the chosen method, with bank transfers and cryptocurrencies typically having shorter processing times.

Q: What are the available withdrawal methods on EXMO？

A: Users can withdraw funds through bank transfer, electronic payment systems, and cryptocurrencies.

Q: How long does it take for withdrawals to be processed on EXMO？

A: The processing time for withdrawals can vary depending on the chosen method, with bank transfers and cryptocurrencies generally having shorter processing times.

Q: What communication platforms are available on EXMO？

A: EXMO has an active presence on social media platforms such as Twitter, Facebook, and Telegram, where users can connect with the community.

Q: What are the available contact channels for customer support on EXMO？

A: Users can submit a support ticket through the “Support” section on the EXMO website to reach the customer support team.

Q: Who is EXMO suitable for？

A: EXMO is suitable for both beginner and experienced traders who are looking for a user-friendly platform, a wide range of cryptocurrencies, and educational resources to enhance their trading skills.

Risk Warning

Cryptocurrency trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.