FMFW.io Exchange Review
FMFW.io is a centralized exchange that occupies #101 on Guru InvestingExchange Tracker. FMFW.io has trading volume US$195,752,462 in the last 24 hours and US$249,552,948,122 in the last 7 days.
FMFW.io currently has 155 cryptocurrencies, 0 paper currencies and 273 markets (cryptocurrency trading pairs). The most popular trading pair on FMFW.io is Bitcoin/USD.
Compare FMFW.io next to other exchanges here: Exchange comparison tool.
FMFW.ioformerly known as Bitcoin.com, is a centralized cryptocurrency exchange (CEX). It offers spot and derivatives markets, as well as margin trading. Clients of the FMFW.io crypto exchange can also gain access staking, IEOand technical services such as widgets and API.
FMFW.io requires users from countries with a high risk of money laundering to comply KYC rules. Derivatives trading is restricted in several countries, including Australia, Germany and the UK. Users from more than 20 countries and territories are prohibited from accessing all FMFW.io cryptocurrency exchange services.
Markets
The FMFW.io cryptocurrency exchange offers a wide range of trading services. It’s optimized for both individual and institutional clients and offers deep liquidity. The platform facilitates cryptocurrency trading, including trading of stablecoin pairs.
The platform regularly lists and divides assets as needed. The catalog offers more than 160 digital assets. In total, there are over 500 FMFW.io trading pairs available on the spot market and over 110 margin pairs that can be traded. leverage up to 12x.
The exchange offers several categories for previewing market data, including overview, distribution, depth and activity. The most effective trading pairs are determined based on trading volume and their increase on FMFW.io.
Spot and margin fees on FMFW.io are based on a tiered producer-receiver structure. Eat 12 levels eventually. The base maker-taker commission rate is 0.1% and 0.5% respectively. Higher levels are determined by FMFW.io’s 30-day volume and are expressed in USDT.
Starting at level 2 (minimum trading volume $3,000), fees drop to 0.095% for makers and 0.45% for takers. If the volume exceeds US$1 billion, the maker-taker fee is also reduced to 0.031%.
For open margin positions, the daily interest rate varies depending on the asset being traded. All margin pairs have borrowing limits based on short and long positions. Limits are based on selected FMFW.io trading pairs.
The derivatives market offers perpetual futures contracts with leverage up to 75x. FMFW.io exchange fees on the futures market are fixed at 0.04% for producers and 0.08% for takers. There are no additional fees. For liquidated positions, the rate is 0.5% of the position value.
Professional traders are entitled to customizable commissions depending on their requirements. Users who join the referral program are eligible to receive 50% of FMFW.io cryptocurrency commissions. In addition, new clients who register using a referral link receive a 50% discount.
There are no deposit fees on the platform. Individual users with basic accounts cannot withdraw more than $25,000 per day and are limited to $100,000 per month. Individual Pro users cannot withdraw more than 100 BTC per day. However, they do not have a monthly withdrawal limit.
other services
In addition to FMFW.io’s spot and derivatives markets, clients can access other financial and technology services such as staking and APIs.
Customers can participate in gaming financial services through Trading competitions. Events promote active participation in trade. In return, they can win various prize pools.
Users can bid your assets to earn up to 40% of the bet amount as passive reward. At the time of writing, the service supports nine cryptocurrencies, including HBTK, AKSAnd ONT. The earned price of FMFW.io cryptocurrency may vary as the estimated annual return for all assets is different.
FMFW.io can be used to host initial exchange offerings (IEO). Exchange clients can fund new and upcoming blockchain projects and purchase tokens directly on the platform.
Developers gained access to the FWFW.io cryptocurrency exchange API Tools. The open source toolkit offers a programmatic trading engine used by the exchange. Developers can get real-time market data such as FMFW.io volume and market capitalization, as well as orders and trades.
In addition to financial products, FMFW.io also hosts Tokenverse podcast. The podcast provides content such as weekly updates, interviews with industry experts, and discussions about the history and legacy of the FMFW.io cryptocurrency exchange. The podcast is also available to unregistered users.
About company
Cryptocurrency exchange FMFW.io was founded as Bitcoin.com Danish Chaudhry in July 2019. In September 2021, the company rebranded to its current name. FMFW is an acronym for “Free the money, free the world” The headquarters is registered in Nassau, Bahamas.
In September 2021, after rebranding, the team announced that within two years of its launch, the FMFW.io crypto exchange had processed more than 100 million transactions. User base exceeds 1.2 million registered accounts.
Danish Chaudhry is the CEO of FMFW.io. He is an entrepreneur and business strategist with an MBA and Management from the London School of Economics. Chaudhry was previously part of TeacherHQ, a UK-based educational technology (EdTech) platform.
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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.
