EXMO exchange review
EXMO is a centralized exchange that occupies #135 on Guru InvestingExchange Tracker. EXMO has trading volume US$69,171,009 in the last 24 hours and US$33,022,659,720 in the last 7 days.
EXMO currently has 59 cryptocurrencies, 6 paper currencies and 142 markets (cryptocurrency trading pairs). The most popular trading pair on EXMO is Bitcoin/USD.
Compare EXMO next to other exchanges here: Exchange comparison tool.
EXMO is centralized cryptocurrency exchange (CEX) which is based in London, England. This platform was founded in 2014 and is now considered one of the largest crypto exchanges in Eastern Europe. Users can trade both cryptocurrencies and decree currencies on this platform.
EXMO cryptocurrency exchange requires users to go through KYC process to verify their identity. This is to ensure that they are not involved in any fraudulent activity. Platform accepted in over 200 different countries excluding North Korea, Japan, China, Syria, USA and the Middle East. EXMO is compatible with both desktop and mobile devices (iOS and Android).
Markets
EXMO cryptocurrency exchange allows users to trade as crypto-crypto and crypto-fiat currency pairs. It has EXMO spot, features and perpetual markets. In these markets there are 182 cryptocurrencies and 6 fiat currencies which make up trading pairs on this platform. It aims to become one of the world’s largest exchanges in terms of volume and liquidity. Most EXMO trading pairs use at least one currency, including USD, EUR, ETH, BTC or RUB.
EXM is the native token of the EXMO cryptocurrency exchange. This ERK-20 a token that was launched in 2019 as a rewards and benefits system in the EXMO ecosystem. EXM token holders can receive increased referral rewards, EXMO exchange bonuses and reduced trading commissions. Token holders also have voting rights on EXMO. Look at the price of EXMO cryptocurrency Here.
EXMO exchange fee corresponds to producer-receiver model. The commission is only 0% and depends on several factors, including EXMO trading volume. Maker fees range from 0% to 0.3%, and taker fees range from 0.08% to 0.3%.
Except, There are no commissions on deposits for EXMO cryptocurrency for most currencies on the platform. However, they charge withdrawal fees that vary depending on the currency used in the transactions. For example, you will be charged 50 EXM to withdraw EXM. Likewise, you will be charged 0.0005 BTC to withdraw bitcoins.
other services
EXMO cryptocurrency exchange provides users with several different services to enhance their trading experience. For starters, EXMO has Referral program where users can earn up to 25% on trades placed by people they refer. There is also cashback program where you can save up to 70% on transaction costs. In addition, EXMO has over-the-counter trading a facility where a professional broker makes trades worth more than $100,000.
In addition, EXMO has VIP client function which is intended for VIP trading clients such as banks, exchanges, brokers, companies, hedge funds and venture capital funds. This program provides these customers with many benefits not available to the average retailer. These include personal money management, customized trading cost conditions, increased limits and corporate accounts.
About company
EXMO was founded in 2014. Ivan Petukhovsky is the founder of EXMO. The platform is estimated to have over 1.8 million users with offices in London, Moscow and Kyiv. The team has more than 150 people.
During its existence, the company experienced several failures. The first incident occurred in 2017 when EXMO suffered an accident. DDoS attack. Not a single coin was stolen during the attack, but it proved that EXMO did not have a strong security system.
The second incident involves the kidnapping of a leading EXMO analyst Paul Lerner. This incident occurred in Kyiv, and it also happened in 2017. Fortunately, he was released unharmed three days later. Except, Bithamb fell victim to one of the largest cryptocurrency exchange hacks of all time, during which most of their funds were transferred to EXMO.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
