Exmo Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A crypto exchange, short for cryptocurrency exchange, is a digital platform that enables users to buy, sell, and trade various cryptocurrencies like Bitcoin, Ethereum, Litecoin, and others for other cryptocurrencies or fiat money, such as US dollars or euros.

A crypto exchange works similarly to a traditional stock exchange where buyers and sellers can trade securities. However, instead of trading stocks, users on a crypto exchange trade digital currencies.

Crypto exchanges offer various trading pairs and different features such as market and limit orders, stop-loss orders, and other trading tools to facilitate trades. Some exchanges also provide additional services like digital wallets for storing cryptocurrencies and access to real-time market data.

There are many types of crypto exchanges, including centralized exchanges, decentralized exchanges, and peer-to-peer exchanges. Each has its own unique features and benefits, but all provide a way for users to access and participate in the cryptocurrency market .

What Is Exmo Crypto Exchange ?

Exmo have a vision of a world where crypto is in every wallet. Hassle-free. want to achieve this by making crypto as simple and accessible to everyone as possible. Founded in 2014, the company is now based in the UK, Ukraine, Poland, Lithuania and the US. The EXMO.com cryptocurrency platform has more than 24,000 active daily traders, more than 180 trading pairs, an exchange token EXMO Coin (EXM) and operates with 5+ fiat currencies. The platform supports SEPA and SWIFT transfers, as well as credit/debit cards for instant crypto purchases. The average daily trading volume is over $200 million.

Exmo Crypto Exchange Quick Facts

How To Register At Exmo Exchange?

To register on Exmo , 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.

Exmo Exchange Supported Countries

Exmo 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 Exmo.

How To Verify Your Exmo Cryptocurrency Account ?

There is no mandatory verification at Exmo , 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 Exmo , Revolut platforms.

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

There are two main options for topping up your balance on Exmo . 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 Exmo 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 Exmo Account ?

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

1. Enable Two-Factor Authentication (2FA): Exmo offers two-factor authentication through Google Authenticator or SMS verification. This adds an extra layer of security to your account and makes it more difficult for hackers to access your funds.
2. Use a Strong and Unique Password: Use a complex and unique password that includes a mix of letters, numbers, and symbols. Avoid using passwords that you have used for other online accounts.
3. Enable Email Notifications: Set up email notifications for any activity on your account, such as logins, withdrawals, and trades. This can help you detect any unauthorized activity on your account.
4. Verify Your Account: Complete the Exmo account verification process. This will help protect your account and reduce the chances of fraudulent activity.
5. Store Your Funds Offline: Consider using a hardware wallet to store your cryptocurrency offline. This can help protect your funds from being stolen in the event of a hack.
6. Be Cautious of Phishing Scams: Be wary of emails, messages, or phone calls that ask for your personal information or account details. Exmo will never ask you for your password or 2FA code. Always double-check the URL of the website you are logging in to and make sure it is the official Exmo website.
7. By taking these steps, you can help protect your Exmo account and reduce the risk of unauthorized access to your funds.

Fees taken when buying virtual currency

As a buyer, you get exactly what you see on your trade page. No additional fees are taken so you get the full BTC amount shown on the page. This does not necessarily match what you wallet considers to be the “BTC price”, nor the price of any other markets. Exmo makes money by charging sellers on the system a small fee to use the Exmo platform, so only sellers get charged a fee.

Compare to other markets if you want a real comparison, and also bear in mind that include withdrawal fees in each transaction whereas almost every other site else doesn’t. In particular, please check out the section marked Small Trades which explains that small trades have a higher comparative cost because of large network fees, and these are outside Exmo control.

Trade On Go Exmo Is 100% Mobile Friendly

EXMO exchange has a mobile application that is available for both iOS and Android devices. The mobile application allows users to access the exchange’s services, including buying and selling cryptocurrencies, managing their accounts, and tracking their trading activities on the go.

The mobile app has a user-friendly interface that is optimized for mobile devices, making it easy to navigate and use. It also provides real-time price charts, order books, and trading history, allowing users to stay updated on the latest market trends and make informed trading decisions.

To download the EXMO mobile app, you can visit the App Store or Google Play Store on your device and search for “EXMO”. Once downloaded and installed, you can log in to your EXMO account and start using the exchange’s services on your mobile device.

How To Contact Exmo Customer Support Team?

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

Live Chat: You can use the live chat feature on the Exmo website to chat with a customer support representative in real-time.

Email: You can send an email to [email protected]. Be sure to provide as much detail as possible about your issue or question.

Phone: Exmo also has a phone support line that you can call. The phone number for customer support

Social Media: You can reach out to Exmo on their social media channels like Twitter, Facebook, or Telegram to get help.

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

Features Of Exmo Crypto Exchange

Available At Android & IOS Store

Exmo Cryptocurrency Exchange exchange application available on both world famous mobile store google play store and iOS store . You Can download App and start trading.

Convenient Payment Methods

Exmo accepts a wide range of payment methods, including UK bank transfers, debit cards, and credit cards.

Trading Pairs:

Exmo supports a wide range of trading pairs, including BTC, ETH, USDT, USDC, and more. This allows traders to access a variety of cryptocurrencies and trade them against each other.

Low Trading Fees:

Exmo charges low trading fees of just 0.03% for market makers and 0.07% for market takers. This makes it one of the most affordable exchanges on the market.

Staking:

Exmo offers users the ability to stake their cryptocurrencies and earn rewards. This is a great way to earn passive income on your crypto holdings.

Affiliate Program:

Exmo has an affiliate program that allows users to earn commissions by referring others to the platform.

Security:

Exmo takes security very seriously and employs various measures to ensure the safety of user funds. These include two-factor authentication (2FA), cold storage of funds, and regular security audits.

User-Friendly Interface:

Exmo has a user-friendly interface that is easy to navigate, making it ideal for both beginner and advanced traders.

Trading Tools:

Exmo provides users with a range of trading tools, including advanced charting, technical indicators, and order types. This allows traders to make informed trading decisions.

Mobile App:

Exmo has a mobile app for both iOS and Android devices, allowing users to trade on-the-go.

Multiple payment Options

Exmo supports a variety of payment options, including bank transfers, credit/debit cards, and e-wallets, among others.

Exmo Good Or Bad Points

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

Good points:

1. Security: Exmo offers a high level of security to its users, including two-factor authentication, SSL encryption, and cold storage for the majority of users’ funds.
2. User-friendly interface: The platform is relatively easy to use, even for those new to cryptocurrency trading.
3. Wide range of cryptocurrencies: Exmo offers a wide range of cryptocurrencies for trading, including Bitcoin, Ethereum, Ripple, and Litecoin.
4. Availability: Exmo is available in over 200 countries around the world, making it accessible to a wide range of users.
5. Low trading fees: Exmo offers some of the lowest trading fees in the industry, with a standard fee of 0.2%.

Bad points:

1. Limited payment options: Exmo only accepts a limited number of payment options, which may make it difficult for some users to deposit funds.
2. Limited liquidity: Exmo has relatively low trading volume compared to other cryptocurrency exchanges, which can result in limited liquidity for some cryptocurrencies.
3. Limited customer support: Some users have reported slow response times from Exmo’s customer support team.
4. Regulatory uncertainty: Exmo is based in Ukraine, which has a relatively uncertain regulatory environment for cryptocurrencies.
5. Security incidents: Exmo has experienced security incidents in the past, including a hack in December 2020 that resulted in the loss of some users’ funds. However, Exmo has since implemented additional security measures to prevent similar incidents from occurring in the future.

Is Exmo Is Safe Platform To Trade?

Exmo is a cryptocurrency exchange platform that allows users to buy, sell, and trade various cryptocurrencies. While no exchange can guarantee 100% safety, Exmo has implemented various security measures to help protect its users’ funds.

For example, Exmo stores the majority of its users’ funds in cold wallets, which are offline and not accessible through the internet. This makes it much more difficult for hackers to steal funds. Exmo also uses two-factor authentication (2FA) to provide an extra layer of security for users’ accounts.

However, it’s important to note that no exchange can guarantee complete safety, and there is always some risk involved in trading cryptocurrencies. It’s essential to do your research, understand the risks, and take appropriate security measures to protect your assets.

In summary, Exmo has taken several measures to enhance security, but it’s still important to be cautious and do your due diligence before trading on any platform.

Exmo Conclusion

Exmo is a reliable and user-friendly cryptocurrency exchange that provides a range of features to traders and investors. Its low trading fees, staking options, and security measures make it an attractive option for those looking to buy, sell, or hold cryptocurrencies. Additionally, its affiliate program and community engagement offer additional opportunities for users to earn rewards and connect with like-minded individuals. Whether you’re a beginner or an experienced trader, Nominex provides the necessary tools and resources to help you succeed in the world of cryptocurrency trading.

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