Exmo Crypto Exchange Review

Rating: 4.5/5

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What Is Exmo?

EXMO Exchange is an online platform for trading, buying and exchanging fiat currencies for popular cryptocurrencies, founded in 2013. Supported fiat currencies are GBP, USD, EUR, RUB, UAH, PLN, TRY, KZT. Supported Cryptocurrencies: Bitcoin (BTC), Eos (EOS), Stellar (XML), Ripple (XRP), Ethereum (ETH), Litecoin (LTC), Tron (TRX), Cardano (ADA), OmiseGO (OMG), Dogecoin (DOGE), Dash (DASH), Monero (XMR), Tether (USDT), Bitcoin Cash (BCH), Ethereum Classic (ETC), BitcoinGold (BTG) and others.

The trading floor is among the top 40 cryptocurrency exchanges in terms of reliability according to data aggregator CoinGecko (Trust 8 out of 10); 78th place by trading volume, liquidity, traffic according to Coinmarketcap service. EXMO Exchange is one of the most popular trading platforms for traders in Eastern Europe and is one of the top 10 best trading platforms in Europe. It has been operating for more than 7 years (since 2013); 52 cryptocurrencies and 196 trading pairs are represented; more than 2 million registered users; average trading volume per month - 40-60 thousand Bitcoins.

Criteria

Value

Site

Social Media

Date of foundation

2013

Head Office

2 Kingdom Street, London, United Kingdom

Types of support

E-mail: [email protected]
Feedback form on the site
Chat
VK
Facebook
Twitter
Office
Instagram

Languages

English, Spanish, French, German, Italian, Portuguese, Romanian, Chinese, Russian, Ukrainian, Polish, Turkish

Manager

Ivan Petukhovsky

How to register on Exmo

How to register on Exmo

To create an account at the EXMO exchange, go to the official website exmo.me and click "Create an accout".

Anyone can register absolutely free of charge. To do this, you must fill out the form: specify a login, a strong password, a phone number, an e-mail box (it cannot be changed later), and agree to the terms of service.

You can learn more about registration on Exmo in the video below.

Verification on EXMO

Verification on EXMO

After registering at the Exmo exchange, it is necessary to pass the verification procedure.

Account verification - confirmation of the user's identity on EXMO. The site is registered in Britain and operates in accordance with British and European legislation. Fifth Anti-Money Laundering Directive 5AMLD, all users making cryptocurrency transactions must undergo identity verification.

The identity verification process involves three steps: proof of identity, address and selfies with a document. Also, if there is a payment card, it is necessary to verify it as well.

As a document of identity you can use passport, ID-card, international passport or driver's license. All information in photos or scans must be easily readable.

To confirm the address, you will need one of the following documents: utility bill, bank statement, court or tax papers, and residency papers. The main thing is that it must not be older than three months.

As for selfies, it must be in good quality, and the data on the document is fully legible.

The identification procedure at the EXMO cryptocurrency exchange takes up to 24 hours. In case of refusal, you should read the comments in your personal cabinet.

Inactive Account Fee

If a User has not made a Transaction, Deposit or Withdrawal within six calendar months, such User's account shall be deemed Inactive. The fee for account inactivity is five pounds sterling at the current spot exchange rate of pounds sterling to the currency in which the fee is charged. An account shall cease to be inactive from the date of any of the following actions: one transaction, deposit or withdrawal.

EXMO Wallet

EXMO purse is designed to store, deposit or withdraw cryptocurrencies or fiat currency.

EXMO Wallet

After logging in to exmo.me site, the top menu has all the necessary sections for work: Trading, Quick exchange, Cashback, Buy cryptocurrency, Ref.program. And in the upper right corner there is a blue button "Wallet".
After registration, an EXMO wallet is created in the following currencies:

  • Pound Sterling (GBP)
  • US Dollar (USD)
  • Euro (EUR)
  • Russian ruble (RUB)
  • Ukrainian Hryvnia (UAH)
  • Polish zloty (PLN)
  • Turkish Lira (TRY)
  • Kazakh tenge (KZT)
  • EXMO coin
  • Bitcoin
  • Litecoin
  • Dogecoin
  • Dash
  • Ethereum
  • Waves
  • Zcash
  • Tether
  • Monero
  • Ripple
  • Ethereum Classic
  • Bitcoin Gold
  • EOS
  • Stellar
  • OmiseGO
  • TRON
  • Cardano
  • NEO
  • Gas
  • 0x
  • Golem
  • Gemini Dollar
  • Lisk
  • NEM
  • SmartCash
  • Qtum
  • HeartBout
  • Dai
  • Maker
  • Maincoin
  • Paytomat
  • Ether Zero
  • USD Coin
  • ROOBEE
  • Decred
  • Tezos
  • Zag
  • BitTorrent
  • Velas
  • HeartBout PAY
  • Cryptocean
  • Ontology
  • Ontology Gas
  • Algorand
  • Cosmos
  • Wirex token
  • Chiliz
  • Harmony
  • Sogur
  • IQeon
  • PARSIQ
  • Hacken Token

To find out the address of a Bitcoin (BTC) or other cryptocurrency wallet for deposit from another wallet or exchange, you need to click on the "Deposit" button opposite the selected account. The deposit is available only after the first level of verification.

Deposit

How to deposit and withdraw cryptocurrency or fiat currency from EXMO

Only verified users can make withdrawals or deposits to EXMO. Deposit/withdrawal methods: e-money; Visa and Mastercard or bank transfers; cryptocurrencies; Exmo Gift Card, etc.

Option without commission - using Gift Card (internal currency of the exchange), which can be purchased in the online exchanger. This is the most convenient way to deposit (withdraw) money to the exchange account. The commission for deposit or withdrawal by this method - 0% from the exchanger, the enrollment is instant.

EXMO Gift Card for cryptocurrency can be created (withdraw funds) as well as activated (receive funds into the balance). EXMO Gift Card for fiat money can only be activated, but not created.

You can purchase the code through exchangers. Using the exchanger you can buy a gift code in any convenient way.

Using an exchanger, it is important to pay attention to the reserves. If you need a larger amount, it is better to contact the online support, which will advise on further exchange.

Next, consider the deposit via the official site of the exchange exmo.me. Available ways of deposit in fiat currency depend on concrete currency (also at all listed variants the deposit by means of Gift Card is accessible):

  • GBP: VISA, Mastercard, bank transfer, Faster Payments, Bacs.
  • USD: VISA, Mastercard, AdvCash, Payeer, Bank Frick.
  • EUR: VISA, Mastercard, Bank Frick, bank transfer, SEPA.
  • PLN: Gift Card only.
  • RUB: VISA, Mastercard, AdvCash, Yandex, Qiwi, Payeer.
  • TRY: Visa, AdvCash.
  • UAH: VISA, Mastercard, Privat Terminal.
  • KZT: VISA, Mastercard, AdvCash.

To make a deposit, just select the desired currency, click "Deposit", specify the desired amount, and then follow the instructions of the selected payment system.

Exchange token EXMO Coin

Exchange token EXMO Coin

EXMO Coin - token of ERC-20 standard, designed to work with internal exchange instruments and expand their range. With its help clients will be able to receive bonuses and advantages when working with the services presented on the exchange, as well as to ensure investment security.

The total number of tokens is 2,000,000,000 units, no additional issuance is envisaged. IEO took place from August to November 2019.

What benefits are given to the owner of EXMO Coin:

  • The possibility of 50% reduction of trading commissions when purchasing the corresponding service for 30 days. The cost of the enhanced cashback service is from $1 to $500, payable in EXM tokens at the currently available exchange rate.
  • Reduced marginal lending fees. You can pay the interest on your loan in EXMO Coin and get a certain discount. The exact amount of discount is determined depending on the current exchange rate of the token to the loan currency.
  • Copying the strategies of successful traders. Copytrading allows you to analyze the investment portfolios and successes of top traders and then make deals similar to them.
  • Priority listing of new cryptocurrencies - during the first three days, such currencies and tokens will be traded only in relation to EXM, and then it will be possible to trade other assets as well.
  • Cloud mining subscription. Tokens will give you access to the computing power of EXMO partner companies.

In addition, EXMO Coin owners can communicate in the exchange chat without restrictions, vote for the inclusion of coins in the listing or their exclusion, the first to learn all the new features, activate the visual highlighting of the login, etc.

EXMO Mobile App

EXMO Mobile App

EXMO applications are available for Android and iOS. They are equal in convenience and functionality to the web version of the exchange. Key features:

  • TOUCH / FACE ID
  • Portfolio profitability for the last week
  • Creation of orders
  • Addition, withdrawal, exchange
  • History of transactions
  • Verification
  • Diagram with the structure of the purse, etc

Advantages and disadvantages of Exmo crypto exchange

Advantages

Disadvantages

  • Low commissions
  • Reliability and security
  • Quick technical support
  • Various options to deposit and withdraw funds
  • EXMO Coin
  • The big list of cryptocurrencies and all major fiat currencies
  • User-friendly interface, the platform is constantly expanding its functionality
  • Individual approach to clients, both internal and external
  • Withdrawal delays happen
  • Inactive Account Fee

Conclusion

EXMO Exchange is an advanced cryptocurrency trading platform, which offers a wide range of opportunities for comfortable work. The company has been on the market for more than a year, developing and improving its service. This cannot go unnoticed by the company's clients, the number of which is only growing worldwide today.

Jack Evans


I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.
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