ExMarkets Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A cryptocurrency exchange, sometimes known as a “crypto exchange,” is a website where people and organizations may buy, sell, and trade different cryptocurrencies. These platforms give users a marketplace where they may trade cryptocurrencies or turn them into conventional fiat currencies like US Dollars, Euros, etc.

In the cryptocurrency ecosystem, crypto exchanges are essential as intermediaries that make it easier to trade and invest in digital assets.

These are websites run by centralized businesses. They serve as a go-between for buyers and sellers, keeping users’ money in trust. On these platforms, users open accounts, fund them with cryptocurrencies, and then trade with the funds held by other users.

Users can place market or limit orders based on their preferences by accessing order books provided by centralized exchanges, which show the most recent buy and sell orders. Centralized exchanges like Coinbase, Binance, and Kraken are examples.

What Is ExMarkets Crypto Exchange ?

The ExMarkets IEO Launchpad connects Innovators to expansive global crypto community Access vast pool of traders and investors to increase trading volumes on multiple pairs (ETH, BTC, USDT). Facilitating a smoother flow of your project’s token by making it easier for investors and traders to buy and sell it.

ExMarkets Crypto Exchange Quick Facts

How To Register At ExMarkets Exchange?

To register on ExMarkets , click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

ExMarkets Exchange Supported Countries

ExMarkets Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on ExMarkets .

How To Verify Your ExMarkets Cryptocurrency Account ?

There is no mandatory verification at ExMarkets , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the ExMarkets , Revolut platforms.

How To Buy Crypto Or Deposit Crypto At ExMarkets Crypto Exchange?

There are two main options for topping up your balance on ExMarkets . Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From ExMarkets Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your ExMarkets Account ?

There are several steps you can take to help secure your ExMarkets account and protect your funds:

1. Strong Passwords: For your ExMarkets account, use a password that is both strong and distinctive. A strong password often consists of a mix of numbers, special characters, and both uppercase and lowercase letters. Do not include words or facts that can be easily guessed, such as birthdates.
2. Two-Factor Authentication (2FA): If your ExMarkets account is offered two-factor authentication, enable it. By requesting a second piece of information in addition to your password (often through a mobile app or text message), this adds an additional degree of security.
3. Email Security: Check the security of the email address connected to your ExMarkets account. Consider implementing two-factor authentication on your email provider and using a strong password for your email account.
4. Awareness of Phishing: Be wary of phishing attempts. Without first checking their legitimacy, never click on links in emails or communications that seem to be from ExMarkets. Always use the platform’s official website or app to access it.
5. Device Security: Maintain the security of the devices you use to access your ExMarkets account. Update your operating system, antivirus program, and other security measures on a regular basis.
6. Secure Network: Only use secure and reliable networks to access your ExMarkets account. Use private Wi-Fi networks only; public Wi-Fi networks can be less secure and more prone to hackers.
7. By taking these steps, you can help protect your ExMarkets account and reduce the risk of unauthorized access to your funds.

Fees taken when buying virtual currency

ExMarkets Trading fees

The takers (those who remove orders from the order book) and makers (those who place the orders that the first group of people remove from the order book) are treated equally in this trade. Instead, they impose what is known as a “flat fee”. This indicates that they charge 0.12% to both makers and takers.

A competitive trading charge is 0.12%. ExMarkets’s fees are consequently considerably lower than the global industry average, which is probably approximately 0.25%.

ExMarkets Withdrawal fees

There are certain exchanges out there that provide competitive trading fees but let you down when it comes time to withdraw your cryptocurrency by levying obscene withdrawal fees. Luckily, this is not a problem for investors who want to trade at ExMarkets. According to what understand, you are only charged network costs when you withdraw cryptocurrency from this exchange. The global industry average for exchanges offering fixed withdrawal fees is 0.00053 BTC for BTC-withdrawals, making this an extremely competitive market.

Deposit Methods

You can deposit via a wire transfer on this trading site, but not a credit card. If you would want to use your credit card for any reason, this is obviously bad news for you. Additionally, only EUR-deposits are eligible for wire transfers.

Trade On Go ExMarkets Is 100% Mobile Friendly

That Trade On Go ExMarkets is completely mobile-friendly is wonderful to know. As a result, users of mobile devices such smartphones and tablets can quickly and simply access and use the trading platform.

For traders who want to stay connected and manage their money while on the go, mobile-friendly platforms are essential. By enabling users to follow market trends, make trades, and manage their portfolios from almost anywhere, this feature improves accessibility and convenience for consumers.

How To Contact ExMarkets Customer Support Team?

If you need help with your ExMarkets account or have any questions, you can contact ExMarkets customer support through the following methods:

Check out the official website: Visit the ExMarkets website. A “Contact Us,” “Support,” or “Help” section should be there. This is typically seen in the header or footer of the webpage.

Email: Look for a customer service-specific email address. The email address may be anything like [email protected] or [email protected]. Send an email detailing the problem or question you have. To ensure that they can properly serve you, make sure to supply all necessary information.

Live Chat: A few websites provide live chat customer service. On their website, look for a chat symbol or link. This can be a quick approach to receive help right now.

Phone: Determine if they list a phone number for customer service. Don’t forget that not all platforms provide phone assistance.

Social Media : Search for ExMarkets’ official social media profiles on sites like Twitter, Facebook, LinkedIn, etc. On occasion, businesses offer support through these channels as well.

No matter which method you choose, be sure to provide as much detail as possible about your issue or question so that ExMarkets customer support can assist you efficiently.

Features Of ExMarkets Crypto Exchange

Efficiency

Our global community is always in search of the next great investment. This widespread demand and anticipation creates an efficient means for projects to access capital.

Affordability

One of the least expensive sources of financing in the capital markets.

Reliability

State-of-the-art trading infrastructure, highly-secured platform, and an in-house team of some of the industry’s brightest minds.

Global Reach

Access to a global network of investors and traders

Multiple Order Types

Traders frequently need a variety of orders, including market, limit, and stop orders. These order types are probably supported by ExMarkets to give traders flexibility.

Trading pairings

The exchange might provide a range of trading pairings that let customers exchange one cryptocurrency for another or for fiat money like the USD, EUR, etc.

Liquidity

A successful exchange should have enough buyers and sellers to enable seamless trading without major price slippage. This is known as liquidity.

ExMarkets Good Or Bad Points

ExMarkets is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using ExMarkets :

Good points:

1. Variety of Cryptocurrencies : ExMarkets may provide a vast selection of cryptocurrencies for trading, giving customers access to a number of projects and tokens.
2. User-Friendly Interface: Both novice and seasoned traders can trade more easily with a user-friendly and intuitive interface.
3. Liquidity: More liquidity typically translates into more seamless trading and maybe smaller bid-ask spreads.
4. Security methods: It might be viewed favorably if ExMarkets uses strong security methods including two-factor authentication, cold storage for the majority of funds, and frequent security audits.
5. Customer Support : Strong customer service can be crucial in resolving problems, responding to inquiries, and offering assistance when necessary.

Bad points:

1. Regulation and Compliance: It’s critical to confirm that the exchange complies with laws in the nations in which it conducts business. Your money and personal information may be at risk if you use an unregulated exchange.
2. Security Breach: If the exchange has seen any security breaches in the past, it could be a big red signal.
3. Lack of Transparency: It may be cause for concern if the exchange is not transparent about its leadership, business practices, or financial situation.
4. Poor Customer Reviews : Negative user evaluations citing poor customer service, withdrawal problems, or other concerns may point to a less-than-ideal experience.
5. High fees: Excessive withdrawal or trading fees may reduce your income.
6. Limited Features: If the exchange doesn’t have sophisticated trading tools or features, it might not be appropriate for more seasoned traders.

Is ExMarkets Is Safe Platform To Trade ?

Verify the exchange’s registration with and regulation by the appropriate agencies within its operational jurisdiction. Regulated exchanges typically have more stringent client protection policies and security safeguards in place. Consider the exchange’s security features.

A bug bounty program, frequent security audits, cold storage for the majority of the funds, and two-factor authentication (2FA) are a few examples of this.

Look up user evaluations and comments on the trade. Platforms having a history of security breaches or unfavorable ratings should be avoided. A trustworthy exchange ought to be clear about its personnel, location, regulatory compliance, and trading charges.

Verify the exchange’s liquidity and trading volume. Higher trade volumes typically signify a platform that is more trustworthy and active. For any problems or worries you could have while trading, good customer service is crucial.

ExMarkets Conclusion

The Makes (MKS) token is the lifeblood of the CoinMargin exchange. ExMarkets allowed Makes to successfully reach their hard cap target ahead of schedule, allowing them to add value to their trading community. The DeFi answer to traditional savings accounts – Redefining passive income. Savix is the first self-staking token with a staking mechanic embedded into the ERC20 protocol.

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