EXMO Review
Established in 2013, EXMO is a UK-based, mid-size cryptocurrency exchange with an investor base located worldwide. While EXMO Exchange cannot compete by trading volumes with a major exchange such as CoinBase or BitFinex, it still has several advantages to offer. As a result, it remains prevalent among the crypto trading community. We put together this EXMO review to help you navigate the onboarding process with EXMO Exchange and buy Bitcoin, Ethereum, Dogecoin, Ripple and other cryptos.
Buying and selling cryptocurrencies on EXMO Exchange is easy. EXMO trading platform has an intuitive design and easy registration process. You can start trading without verifying the ID immediately. However, this process needs to be completed eventually. EXMO provides you with a spot exchange service and does not offer leveraged trading, similar to other exchanges.
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EXMO Review – About the Company
EXMO is a UK-based cryptocurrency exchange, unregulated as all others. According to the company’s website, EXMO deploys an international development team based in Spain, India, Thailand, and Russia with experts and advisors from the USA, Great Britain, Singapore, and Lithuania.
At the time of writing this EXMO review, the exchange had over circa 1,400,000active clients from all around the world. It has 11 different language options – English, German, French, Italian, Portuguese, Spanish, Romanian, Chinese, Russian, Ukrainian, and Polish. It looks like many clients are located in China, Russia, Ukraine and central European countries.
EXMO Trading Platform Features
EXMO Exchange offers easy to use, web-based trading platform. It doesn’t have many sophisticated features, besides the most necessary ones. If you go to the BUY & SELL page, you will find different price charts, a list of the tradable pairs, an order book and a trading history.
EXMO Exchange has been added to the mobile trading app for Android called Tab Trader, which is the trading terminal for most popular crypto on some of the largest exchanges such as Coinbase, Bitstamp, ANXPRO, HitBtc, BTCChina, Huobi, Kraken, ItBit, Bitbay, Cryptsy, Bter, Bitfinex, Clevercoin, Bitmarket, Gatecoin, Coinmama, Quoinex, Bittrex, BL3P (Bitonic), Poloniex, Bittrex, CEX.IO, Vaultoro, Mercado Bitcoin (Brazil), Gemini. In addition, the app offers additional technical indicators like Bollinger bands, moving average, MACD, stochastic, Fibonacci and RSI, and trading alerts.
EXMO Exchange also offers connectivity via API for cross-platform trading robots so you can run algorithmic trading strategies. So now you can buy Ethereum, Bitcoin and other altcoins using trading robots.
Secured wallets and operating speed are some of EXMO’s advantages.
EXMO Review – Investment Universe
EXMO Exchange offers outstanding cryptocurrency support compared to large exchanges where trading options are limited. EXMO supports USD and EUR and a large number of altcoins, including Bitcoin and Ethereum.
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EXMO Review – Payment Methods & Fees
EXMO Exchange offers a diverse choice of payment methods so you can deposit money:
- bank transfers, credit, debit cards for all types of fiat currencies
- PayPal for USD and EUR
- OKPay, PerfectMoney and Neteller for EUR and USD
- Yandex Money for RUB
- several other methods for e-wallets and prepaid cards.
EXMO makes money on transactions and is given the number of payment methods and wide investment universe as any crypto exchange. There are several fees to consider.
There is a fixed flat fee of 0.2% on making deposits or withdrawals, regardless of payment method. There is no Deposit Fee on most cryptocurrencies, except KickCoin, for which there is a fee of 50 KICK.
But there is a fee on cryptocurrency withdrawals:
Bitcoin (BTC) – 0.001 Litecoin (LTC) – 0.01 Dogecoin (DOGE) – 1 Dash (DASH) – 0.01 |
Ethereum (ETH) – 0.01 Waves (WAVES) – 0.001 Zcash (ZEC) – 0.01 Tether (USDT) – 5 |
Monero (XMR) – 0.05 Ripple (XRP) – 0.02 KickCoin (KICK) – 25 Ethereum Classic (ETC) – 0.01 |
For USD deposits, there is a fee of 2% + $20. You can also use PayPal with a USD account. The withdrawing fee would be 3% per transaction.
You can make a EUR deposit via SEPA transfer for €25. Depositing EUR and USD via the debit card is free, but withdrawing costs 3% + $7.5.
EXMO Review – Customer Support
Same as many other exchanges, EXMO customer support service is mainly handled via emails. You can either submit a ticket or send a direct email. The response is usually fast, but sometimes it lacks a detailed explanation and is quite brief. But overall, EXMO Exchange offers quality customer support available 24/7.
EXMO Review – Our Verdict
While several large crypto exchanges like Coinbase or Bitfinex, EXMO Exchange takes its own niche with several loyal customers worldwide. EXMO clearly offers a diverse choice of trading options and covers many altcoins not available on other exchanges, with a total number of 45 trading pairs. The wide choice of options for deposits is also quite convenient.
As with any other exchange, there are also some issues, but all in all, EXMO tries to address them fast and is constantly working to improve the service. Overall we consider EXMO to be a good and reliable venue for Ethereum trading.