OVERVIEW
The market for cryptocurrency exchanges in Eastern Europe is one of the world’s largest Cryptocurrency Sectors. In terms of volume and liquidity, EXMO is one of the world’s biggest and best crypto exchanges. On the other hand, those who want to buy fiat currencies via cryptocurrency argue that they are ill-equipped to do so. In contrast, those wishing to trade in different fiat currencies may enjoy the exchange’s high trading volume and excellent payout conditions.
What Is EXMO?
EXMO is a leading UK-based cryptocurrency exchange well-known throughout Britain and Europe for providing crypto trading services to clients across the continent. EXMO was founded in 2014 and had headquarters in London with supporting offices in Moscow and Kyiv for its workforce of 150+ people. EXMO, a Moscow-based company, added its native platform token in 2019 (EXM). Users can save on trading fees and cashback rewards by buying and holding EXM tokens. Referral commissions and other bonuses are offered to those who purchase and have EXMO.
Exmo Features
According to most experts, a good cryptocurrency exchange has many features, especially EXMO. There are some features given below:
- More currencies are supported than standard ones, so deposits and withdrawals are permitted.
- Users can enjoy a seamless experience with 190+ trading pairs available. 24/7 customer service in many languages is available.
- The EXMO mobile app is robust in its function, providing easy and secure trading, depositing, and verification in addition to the EXMO website.
- EXMO’s over-the-counter trading service is exclusive for sales; over 100,000 dollars is available.
- An intuitive interface with sections for the latest news accommodates a broad range of users.
- SSL ensures esteemed security by backing it with a trusted SSL connection.
- Customer support executives can contact customer support via online chat.
8. There is a low flat fee, day trading, trades mode, and a simple AML policy at TradeBit.
Exmo Services
The services provided by EX MO are top-rated among traders due to their global industry average and exchange mode, as well as their robust support network. Here is a comprehensive review of its services:
- Crypto & Fiat currency Trading
EXMO wants to be the world’s leading digital asset exchange by offering 200+ trading pairs on its next-gen trading platform. It used to offer more than two hundred digital assets on its trading platform but now uses brokerage solutions to supply different trading pairs. It mainly uses USD, EUR, ETH, BTC, and RUB as currencies.
- OTC Trading Desk
EXMO has the best OTC trading desk, specifically designed for experienced traders who want to consider value investments up to 100 million dollars. Any sum of money above 100,000 USD can be traded without restrictions. Top brokers carry out the trades at the most advantageous price possible. There are different trading charges and terms for each transaction. To use the service, you must apply online.
- Cash Back & User Voting
Users can cast their votes on future project modifications or crypto listings on EXMO and submit their opinions. High-volume traders can earn up to 70% cashback in trading fees by submitting their votes on EXMO.
EXMO Gift Card
EXMO gift cards are transferable between consumers quickly. Both cryptocurrency currency activators and gift card users can generate them.
Exmo VIP Features
The company has many services for financial service organizations and an acknowledged API for both. VIP services, such as increased spending limits, professional services, individual tariffs, and corporate accounts, are among them.
EXMO App
EXMO has an app for both iOS and Android users. Mobile Apps are essential. Traders complain about the slow KYC process on the Android app as well as an unpleasant UI.
EXMO Sign Up Process
An EXMO account can be created quickly to begin cryptocurrency trading. The trading fees for different cryptocurrencies and payment methods vary, and the exchange highlights them.
- Sign Up
- To get started, reach the official EXMO website or mobile app.
- On the home page, scroll to the top-right section showcasing Sign Up and Sign In.
- To create an account, choose Sign Up.
- Fill in every vital piece of information and review them.
- Now, complete the reCAPTCHA and tap on Sign Up.
- It will send a confirmation mail to activate the account.
- Confirm the activation, and an account will be created.
- Sign In
- Repeat the first two steps mentioned in the “Sign Up” section.
- This time, choose to Sign In to launch this interface.
- Fill in the valid login credentials (email and password.)
- Complete the reCAPTCHA and click on Sign In.
ID Verification
EXMO also requires address verification for secure transactions. Users can also undergo an ID and account verification process to help them secure their payments. However, trading users must complete the address verification process to buy cryptocurrencies with fiat currencies.
- Open the ID verification page on EXMO’s website.
- Provide personal data like name, date of birth, and current residence.
- Choose a suitable document to complete the procedure. National Card/ID, Licence, and Passport count as the accepted IDs.
- Select the “no expiration date” option if there is no valid serial number.
- Click and upload a document photo or scan it to reach the next step.
- Now, click a selfie with the provided ID, a paper dictating the current date, and the text “EXMO.” Ensure the photo shows everything correctly.
- Submit the data and wait for the verification process to conclude.
Exmo Price & Fees
- Exmo Fees
EXMO charges different fees for different purposes. There are trading fees, deposit fees, and withdrawal fees, as well as transaction fees. Here is a rundown of every type of fee:
- Trading Fees
Every crypto transaction on the small cryptocurrency exchange costs 0.2% of the fee. In 2019, EXMO said that if three or more EX CODE creations using fiat payments were done, the rate would go up to 0.6%. The currencies accepted are EUR, TRY, RUB, UAH, USD, and PLN. EX CODE is an in-built currency that facilitates instant fund transfer, whether crypto or fiat. It is free for fiat payments, but you have to pay for crypto transactions.
- Deposit & Withdrawal Fees
An overview of deposit or withdrawal charges for fiat transactions is provided below:
- FOR USD
Payment Method | Deposit Fees | Withdrawal Fees |
EX-CODE | – | 0.2% |
Payeer | 3.95% | 2.95% |
Adv | 0% | 3.45% |
Simplex | 4.5% + 0.5 USD | – |
Visa | 3.45% | – |
- For EUR
Payment Method | Deposit Fees | Withdrawal Fees |
EX-CODE | – | 0.2% |
SEPA | 20 EUR | 50 EUR |
Adv | – | 1.95% |
Simplex | 0.45% + 0.5 EUR | – |
Visa | 2.95% | – |
Wire Transfer | 6.95 EUR | – |
Cryptocurrencies have fee lists that fluctuate, so it’s recommended to check them out directly.
Pros & Cons
Pros | Cons |
24/7 customer support is available on the platform. | Margin Trading is not fulfilled on the Company’s side. |
EXMO allows multiple payment methods, including bank transfers and cryptocurrencies. | US-based customers are not eligible for the service. |
Over 200+ cryptocurrencies are supported, offering a large number of choices. | Exchange support for cryptos decreases in front of some exchanges. |
Multilingual support is available on the platform. (English, Ukrainian, Russian, and Turkish.) | The withdrawal and deposit process can be sluggish at times. |
The trading fee is about 0.2% on low fiat amounts. | The platform imposes several transfer restrictions on transactions. |
Buy and sell cryptocurrencies using our simple interface. | The deposit fees methods are significantly high. (Wire transfers are charged 20 dollars.) |
Conclusion
In terms of popularity, not surprisingly, EXMO is the world’s most popular cryptocurrency exchange. It also has more than two hundred cryptocurrencies available for trading. In addition, support in over 200 countries and several ways to pay make EXMO a popular exchange. Bank transfers and crypto trading are supported on EXMO, making it one of the most popular exchanges in the world. In addition to its high global average, trading volume, exchange mode, and cross-platform trading bots, EXMO boasts many advantages. It is available in multiple languages, making it moreversatile—however, there are also some negatives to consider. For example, the limit and no margin trading hinder its overall performance. However, EXMO is considered one of the most convenient exchanges despite its occasional issues. Both new and veteran traders can find it suitable for their needs thanks to the OTC desk and multi-trading options.
