EXMO – review and feedback on a proven crypto exchange

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EXMO cryptocurrency exchange

EXMO is a cryptocurrency exchange based in the UK. It charges a 0.2% fee on all trades and allows customers to buy and sell bitcoin (BTC), Ether (ETH), Litecoin (LTC) and a number of other popular cryptos.

We’ve put together this review full of a host of useful information you should consider before deciding whether EXMO is the right crypto exchange for your needs.

Details

Product Name Exmo Cryptocurrency Exchange
Fiat Currencies USD, EUR, RUB, PLN, UAH
Cryptocurrencies BTC, BCH, ETH, ETC, XRP, KICK, DASH, WAVES, ZEC, XMR, LTC, DOGE, USDT, ADA, INK
Deposit Methods Credit card
Cryptocurrency
Debit card
Payeer
Perfect Money
Bank transfer (SEPA)
Wire transfer
Trading Fee 0.2%
Deposit Fees Cryptocurrency: from 0%
Wire transfer: 0% (USD), 20z? (PLN)
MoneyPolo 0.5% (USD, EUR, PLN) 5% (RUB)
AdvCash: 4% (USD), 0%(EUR), 6% (RUB), 1% (UAH)
Neteller: 4.5% (USD, EUR)
CryptoCapital: 0.5% (USD), 0% (EUR)
PerfectMoney: 4% (USD), 1% (EUR)
Skrill: 3.4% + $0.36 (USD), 3.5% + €0.29 (EUR)
Payeer: 7% (USD), 2% (EUR), 6% (RUB)
Visa/Mastercard: 6% (USD, EUR, PLN), 2.75% (UAH)
SEPA: €25 (EUR)
Rapid Transfer: 1.5% + €0.29
QIWI: 5.9% (RUB), DotPay: 2% (PLN)
OKPAY: 0.5% (PLN)
Withdrawal Fees Cryptocurrency: Fees vary
MoneyPolo 6% (USD), 5% (EUR), 3% (RUB)
AdvCash: 0% (USD, RUB, UAH), 1% (EUR)
CryptoCapital: 0% (PLN)
PerfectMoney: 1% (USD), 2% (EUR)
Skrill: 3% (EUR)
Payeer: 0% (USD), 1% (EUR, RUB)
Visa/Mastercard: 3% + $5 (USD), 3% + €5 (EUR), 3% + ?50 (RUB), 4%-6%+ (UAH)
SEPA: 4% (EUR)
Payeer: 0% (USD), 1% (EUR, RUB)
QIWI: 3% (RUB)
OKPAY: 0.5% (PLN)
  • 24/7 customer support
  • Wide range of deposit options
  • Access to a number of popular cryptos
  • Trade more than 46 crypto/fiat and crypto/crypto currency pairs
  • Flat and transparent 0.2% trading fee
  • Some other exchanges offer access to a much larger range of cryptocurrencies
  • You may be able to find lower trading fees elsewhere
  • No option for leveraged trading

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: USD, EUR, RUB, PLN, UAH
  • Supported cryptocurrencies: Approximately 18 cryptocurrencies
  • What cryptocurrencies are supported?
    • BTC
    • ETH
    • XRP
    • BCH
    • LTC
    • ADA
    • DASH
    • XMR
    • USDT
    • ETC

    • OMG
    • ZEC
    • WAVES
    • DOGE
    • INK
    • STQ
    • MNX
    • KICK

    Which payments methods are accepted?

    • Credit card
    • Cryptocurrency
    • Debit card
    • Payeer
    • Perfect Money
    • Bank transfer (SEPA)
    • Wire transfer

    What is EXMO?

    Founded in 2020, EXMO is a cryptocurrency exchange that allows users to trade a range of cryptocurrencies. You can deposit funds into your account using a number of transfer methods, and the platform offers support for five fiat currencies.

    In December 2020, EXMO also announced the launch of the EXMO Coin crowdsale to raise the funds necessary to add a margin loan service to its exchange platform.

    Available countries

    EXMO’s exchange platform can be used by people in more than 200 countries around the world, including the US.

    How much will it cost me to use EXMO?

    A 0.2% trading fee is charged when each deal is closed. If you create an order and then cancel it before it is completed, you will not be charged for that order.

    EXMO sometimes also charges fees on deposits and withdrawals. The table below outlines the fees that apply to transactions using cryptocurrency, USD and EUR, but you can find the fees for other supported fiat currencies on the EXMO website.

    Cryptocurrency Deposit fees Withdrawal fees
    BTC 0% 0.001 BTC
    LTC 0% 0.01 LTC
    DOGE 0% 1 DOGE
    DASH 0% 0.01 DASH
    ETH 0% 0.01 ETH
    WAVES 0% 0.001 WAVES
    ZEC 0% 0.001 ZEC
    USDT 15 USDT 25 USDT
    XMR 0% 0.05 XMR
    XRP 0% 0.02 XRP
    KICK 50 KICK 350 KICK
    ETC 0% 0.01 ETC
    BCH 0% 0.001 BCH
    USD
    OKPAY 0% 0%
    Neteller 4.5% 0%
    Debit / credit card 6% 0%
    Payza 2.9% 0%
    Visa / Mastercard 0% 3% + $7.50
    AdvCash 6% 0%
    Perfect Money 3% 2%
    Crypto Capital 0.5% 0%
    MoneyPolo 0% 0%
    Payeer 7% 0%
    EUR
    Giropay 3% 0%
    Neteller 4.5% 0%
    Payza 2.9% 0%
    Debit / credit card 6% 0%
    Bancontact 3% 0%
    MoneyPolo 0% 0%
    SEPA EUR25 0%
    Payeer 2% 1%
    Crypto Capital 0% 0%
    OKPAY 0% 0%
    Perfect Money 2% 0%
    AdvCash 6% 0%

    Are there any transfer limits?

    Yes. EXMO imposes minimum and maximum trading limits on each currency pair it offers. While you can access the full list of limits through the EXMO website, you can see a selection of sample limits in the table below.

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    Currency pair Minimum quantity Maximum quantity Minimum price Maximum price Minimum amount Maximum amount
    BTC/USD 0.001 100 1 30,000 1 200,000
    BTC/EUR 0.001 100 1 30,000 1 200,000
    BTC/RUB 0.001 100 1 2,000,000 10 12,000,000
    BTC/UAH 0.001 100 1 1,500,000 10 800,000
    BTC/PLN 0.001 1,000 0.001 90,000 1 900,000
    ETH/BTC 0.01 1,000 0.001 0.5 0.01 10
    ETH/LTC 0.01 1,000 0.001 1,000 0.1 10,000
    ETH/USD 0.01 1,000 0.001 10,000 1 50,000
    ETH/EUR 0.01 1,000 0.001 10,000 1 50,000
    LTC/BTC 0.05 1,000 0.0001 1 0.001 10
    LTC/USD 0.05 1,000 0.01 10,000 0.001 100,000
    LTC/EUR 0.05 1,000 0.01 10,000 0.001 100,000

    The following limits also apply to the minimum amount for cryptocurrency withdrawals:

    Is it safe to use EXMO?

    While you don’t have to verify your account in order to start trading on EXMO, you can provide proof of ID and proof of your address to add increased security to your account and access a wider range of deposit and withdrawal options. EXMO also offers the option of setting up two-factor authentication and creating a list of trusted IP addresses that can log into your account.

    Like pretty much every crypto exchange, EXMO has been targeted by hackers in the past. For example, a DDoS attack in December 2020 briefly shut down the exchange.

    It’s also worth pointing out that EXMO director Pavel Lerner was kidnapped outside his office in Kiev, Ukraine, late in December 2020. He was later released after paying a $1 million ransom in bitcoin.

    Customer support

    EXMO offers a 24/7 customer support service to all users. From the online support center, you have the option to do the following:

    • View answers to a number of frequently asked questions
    • Open online chat
    • Email [email protected]
    • Create a support ticket

    Pros and cons

    • 24/7 customer support
    • Wide range of deposit options
    • Access to a number of popular cryptos
    • Trade more than 46 crypto/fiat and crypto/crypto currency pairs
    • Flat and transparent 0.2% trading fee
    • Some other exchanges offer access to a much larger range of cryptocurrencies
    • You may be able to find lower trading fees elsewhere
    • No option for leveraged trading

    Next steps

    If you’ve compared a variety of exchanges and you’d like to open an account with EXMO, you can do so for free by clicking one of the “Go to site” links on this page. You can sign up by providing your email address and creating a login and password. Taking additional steps to verify your account will allow you to access the full range of deposit and withdrawal options.

    Finally, don’t forget to set up two-factor authentication to provide increased security for your account.

    EXMO Review

    Overview

    The EXMO exchange is a popular platform for trading and exchanging cryptocurrencies, which is advantageously different from the competitors of the market.

    Details

    Broker EXMO
    Website URL exmo.me
    Founded 2020
    Headquarters England, 49 Station Road, Polegate, East Sussex, BN26 6EA
    Support Number Online chat, knowledge base, email
    Free Demo Account
    Account Types Standard
    Deposit Methods Bank transfers (Visa, MasterCard), Capitalist, Yandex Money, AdvancedCash, Okpay, Money Polo, Payeer, crypto-currencies (Etherium, Dash, Dogecoin, Litecoin, Bitcoin).
    Withdrawal Methods Bank transfers (Visa, MasterCard), Capitalist, Yandex Money, AdvancedCash, Okpay, Money Polo, Payeer, crypto-currencies (Etherium, Dash, Dogecoin, Litecoin, Bitcoin).
    Number of Assets 10+
    Types of Assets Etherium, Dash, Dogecoin, Waves, Zcash, Monero, KickCoin, BitcoinCash, Ripple, Litecoin, Bitcoin.
    US Traders Allowed
    Overall Score 9.7/10

    Additional Information

    • Exchange Commission: yes
    • The volume of trades: more than 4 million dollars per day
    • Channels of communication: online chat, e-mail, Telegram, Twitter, Facebook
    • Possibility of exchanging for fiat currencies: yes
    • Number of crypto-currencies: more than 10
    • Training: no
    • Analytics: yes
    • Autotrading: yes
    • Affiliate Programs: yes
    • EXMO API: yes

    Full Review

    Of course, you’d like to know whether EXMO is another scam or if it’s a reliable crypto exchange, fulfilling its obligations and guaranteeing stable and safe trade, decent earnings and trouble-free withdrawal of funds. We’ll try to answer this question below.

    Today, EXMO unites more than 500,000 users, which is an impressive number of traders working with cryptocurrencies. Unlike leading crypto exchanges, EXMO supports up to 10 languages, which makes the process of trading very comfortable. It’s a successful example of a company that provides its participants with all of the necessary elements to work with virtual coins on favorable terms: trading, rapid exchange of cryptocurrencies to fiat currencies, trouble-free withdrawal of funds, and transfers to wallets. Of course, users are unlikely to overlook such a wide range of options.

    Even within the platform, you can immediately exchange such cryptocurrencies as Ethereum, Bitcoin, Dogecoin, Litecoin, Dash, etc. for conventional currencies, such as USD or EUR. Here, currency exchange is completely anonymous, although one needs to undergo a quick registration. There are 2 ways of exchanging currencies:

    • By market: Instant transactions at the best exchange rate.
    • On the limit: The trader makes an application for an exchange at a suitable price for him or her.

    When registering, the exchange provides several crypto wallets at once, which will be required for storing, exchanging and trading in digital coins. Traders stick with the EXMO exchange because here it’s convenient to trade in cryptocurrencies (learn here how to earn on cryptocurrencies). Additionally, the company doesn’t participate in user operations, acting only as intermediary. It provides a convenient platform with low commissions for withdrawal and replenishment of funds. It ensures fast execution of orders, constant communication with the managers of technical support and an attractive referral program. Users are provided with a comfortable and functional trading terminal that has a clear interface and such options as scaling information on time (from day to year), convenient candlestick charts, limit orders, sales and purchase order books, currency dynamics graphs, and a history of transactions and deals.

    The essential advantage of the exchange is that it pays serious attention to the safety of the exmo.me platform. This exchange has been working on the market for a long time. It guarantees high reliability, which is highly valued by its customers. As can be seen in reviews, users appreciate the platform’s design. The website is arranged quite conveniently; all the main functions of the web resource are available from the main page. Additionally, there’s an online chat for communication between support service and traders.

    In the past, there were problems with accessing the company’s website. However, to the stock exchange’s credit, it remedied this situatio. Even when it became known on the Internet that the website EXMO.com was unavailable, traders continued to work in the mirror of the exchange, which is not inferior to the similar website with the .com domain. Today, the resource has a more than promising future. It works quite steadily, expanding its functionality and dynamically developing, thereby increasing the number of its users and raising its ratings in the market.

    Replenishment and withdrawal of funds

    Unlike other similar websites, EXMO is a stock exchange that provides a huge number of opportunities for withdrawal and replenishment of funds. I’m sure you’d like to know how easily and quickly you can withdraw and replenish funds here. On the official website, exmo.me, these operations take place in the «Wallet» section. You only need to click on the corresponding buttons next to a specific currency. You will see all the available ways of conducting transactions, as well as restrictions on amounts and commissions for transactions.

    Methods of withdrawal and replenishment of funds with EXMO:

    • Dollars (USD): bank transfers (Visa, mastercard), CryptoCapital, Money Polo, Perfect Money, Epay, AdvCash, OKPAY, Neteller, Payza, etc.
    • Euro (EUR): bank transfers (Visa, mastercard), CryptoCapital, Money Polo, Perfect Money, Epay, AdvCash, OKPAY, Neteller, SEPA, Payza, etc.
    • Crypto currency: Etherium, Dash, Dogecoin, Waves, Zcash, Monero, KickCoin, Litecoin, Bitcoin, etc.

    Complaints about EXMO

    EXMO is a cryptocurrency exchange that is popular among traders, so the Internet contains a lot of different opinions on cryptocurrency trading here. If you want to know whether it’s another scam or not, just keep reading this review. On the positive side, users often talk about the reliability of the platform, the convenience of trading in the terminal, the support for fiat money, comfortable commissions, a convenient interface and chat, different withdrawal options, and frequent contests. Certainly, many traders recommend the exchange for conducting transactions.

    On the Internet you can also find enough negative feedback about the website. As usual, complaints have to do with delays in the replenishment and withdrawal of money, lack of communication with technical support managers, problems with access to accounts and to the exchange, and a limited set of currency pairs.

    If we find complaints about EXMO, we will post it on social media. Follow us to be well informed:

    Regulation of the crypto exchange Exmo

    EXMO Finance LLP (Exmo) is registered in the UK and operates in accordance with the laws of this country. According to UK legislation and the Data Protection Act in force in this country, all personal data of traders is processed by the exchange employees for the following reasons:

    • To inform users about the products of the company
    • To troubleshoot the operation of the resource
    • To conduct analysis and testing
    • To ensure the safety of the resource, etc.

    In addition, in accordance with the laws of Great Britain, the company can transfer users’ personal data to subsidiaries, subcontractors, etc. By providing their personal data on the resource, users automatically agree to the transfer, processing and storage of their personal data. The exchange promises to adhere to all necessary safety rules. More information is provided in the «Privacy Policy» section of the EXMO website.

    Working on the website of the exchange, the user automatically agrees that he understands all the risks associated with crypto trading and realizes that all operations with digital coins are irreversible. It is forbidden to use the website’s materials in fraudulent schemes. Users aren’t allowed to reproduce the website’s design, use it for money laundering, etc. If the user violates the rules of cooperation with the resource, the norms of morality, or UK legislation, he or she will be blocked and his private account will be deleted. More information about the risks and responsibilities of users is provided in the «User Agreement» section of the EXMO website.

    EXMO Finance LLP (Exmo) adheres to the anti-money laundering policies and policies that inhibit the financing of terrorism (AML). The company has an employee who tracks suspicious transactions. In addition, all the data about the identity of each client is examined in detail and verified (according to the rules of the «Know Your Customer» system, KYC). The activity of clients is monitored for participation in suspicious activity, etc. More information on meeting AML standards is available on the AML page of the EXMO website.

    Is EXMO a scam?

    The EXMO exchange is currently one of the most popular websites for working with digital coins around the world. Notwithstanding the fact that it’s inferior to other crypto exchanges in the number of currencies, turnover, and user involvement, EXMO is nonetheless one of the best trading resources. Working steadily since 2020, it has regular customers. In terms of functionality and opportunities, it stands out from other competitors on the market.

    The secret of their success is simple: the exchange offers the functionality that the user lacks within the standard resources for working with virtual coins. So users can count on crypto trading, crypto exchange, fast replenishment and withdrawal of funds in various ways, free wallets, high-quality analytical market data, and a convenient personal cabinet. Many exchanges do not have as many functions, and in most cases they don’t provide the choice of different language versions of the website for comfortable work. All of this makes EXMO more attractive than its counterparts, and in the future these things can bring the company leadership positions.

    Today, the exchange, like other similar sites, should consider the safety of trade. The company is seriously working on this issue, having introduced a two-factor authorization and verification. Previously the exchange’s accounts were hacked, which is a common thing in the field of crypto trading (the whole truth about cryptocurrencies can be found here). However, the company coped with these difficult situations, proving that it is not a scam simply concerned with stealing users’ money and running off with it. The exchange deserves trust, as it’s always in touch with its clients, fulfilling its obligations to them. It pays out profits in a timely manner and works on the website and on the correct functioning of various payment systems. It ensures the complete safety of crypto trading.

    Today, the Internet offers a large number of reviews by traders of the EXMO crypto exchange, which praise it (for functionality, convenience of trading and currency exchange, different ways of replenishment and withdrawal of funds, support for fiat money, etc.) or point to its negative sides (withdrawal and replenishment of funds takes a long time, there are problems with the account, technical support works incorrectly). Nevertheless, many folks choose to work on the exchange and earn a decent income. Many traders recommend the platform to their friends and others. It is worth noting the solid organization of the website, which is positively mentioned in the feedback of users. It’s easy to navigate here, as all the main options are easily accessible from the main page of the official EXMO website. If you still doubt whether it’s a scam or not, we can firmly answer – no! This is because the company has been rapidly developing, improves its service and proves by its actions that it really caters to its users.

    Conclusion

    EXMO turns to be the leading trading platform for cryptocurrencies, offering a slew of opportunities for comfortable work. The company has been represented on the market for more than a year and it successfully develops and improves its service, which can’t be overlooked by the company’s customers, the number of which is growing all over the world today.

    Cryptocurrency exchange Exmo. Features and benefits.

    Its main feature is that the exmo allows you to make purchase and sale transactions with rubles, and most importantly it has a simple interface in Russian. There are not many trading pairs, but recently their number has been constantly increasing.

    It is impossible to call this trading platform the best for the trader, especially for those who wish to make several dozen operations per day. This exchange appeared in 2020 to buy and sell cryptocurrencies with fiat, which is a big plus, as many exchanges trade only cryptocurrency.

    A whole international team worked on the development of this project, the founders of which noted that they tried to take into account all the mistakes of their competitors. However, at the initial stage of the development of the trading platform, there was a very limited number of trading pairs, which negatively affected the opportunities for the trader to trade.

    Exmo Exchange is ideally suited for traders focused on trading in long-term relationships. For those wishing to make numerous transactions during the day, it is better to pay attention to exchanges with a larger daily turnover. This trading platform is very popular among Russian-speaking users, although its daily trading volume is much less than many large exchanges.

    Exmo Marketplace Advantages

    1. A fairly small commission for operations – 0.2% of the total amount, as well as the absence or low commission for depositing or withdrawing funds.

    2. Simplicity and convenience when using the interface.

    3. It is possible to choose any language for work, including Russian.

    4. The high level of support service, at any time and high-quality, useful answers.

    5. The ability to create multiple cryptocurrency wallets.

    6. The exchange pays special attention to the safety of user funds.

    There were no major thefts and hacks, but frequent unsuccessful hacker attempts to hack are present, as indeed on any exchange.

    The design of the exchange is pleasant and simple, not distracting from the bidding process, and the presence of a Russian translation complements the positive impression, the trade takes place in fairly comfortable conditions.

    On the main page of the trading floor there is all the necessary information for users, as well as sections convenient for work. The exchange has a chat for communication in many languages. To be able to chat, the limit is set, that is, the balance of the participant must have an amount of at least 500 dollars in any cryptocurrency or in fiat money.

    Registration is quite simple and quick, if you wish, your account can be verified. It is not mandatory, but gives a certain advantage. Verification is based on a personal document, and other documents may also be requested to confirm identity. Documents are considered quickly enough, after which the final result is reported.

    The exchange gives its users the opportunity to start cryptocurrency wallets. But it is not recommended to store funds on the exchange, since cold wallets are considered more reliable. The fact is that at any time the exchange can block the account for any reason. And you have to understand and prove that you are not a fraud. The wallet’s functionality consists of standard functions – to see the balance, deposit and withdrawal of funds, the history of all transactions, the ability to see active orders.

    After successful registration and replenishment of the balance, trading is possible. Its essence is to buy cheaper, and sales are more expensive. Training demo version is not provided, so you have to immediately conduct real trading.

    You can top up your balance at Exmo Exchange with different currencies. Depending on the chosen currency, the size of the commission is charged, so you need to carefully study the conditions of input and output on the exchange.

    There is also a minimum amount for depositing funds to the exchange, that is, a smaller amount will simply disappear and not replenish the balance.

    All transactions on this trading platform are carried out in two types of exchange and trade. When exchanging, the user needs to exchange cryptocurrency for fiat money or for turnover. This happens very quickly and easily.

    When trading, you can use many tools to earn more money. For effective trading, you need to be able to analyze the situation on the market. Using convenient charts, glasses of sales and purchases, all the latest transaction histories, you can predict the direction of the course and significantly increase earnings. Large orders in glasses can reverse the course direction.

    The feedback from numerous users of Eksmo is mostly positive, since using this trading platform is simple and convenient, even for novice traders. The developers of this exchange are constantly working on improvement, as well as adding more and more new trading pairs and functions.

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