EXMO Exchange Review
- Payment Options
- Secure Wallets
- Reasonable Commissions
|Minimum 1st Deposit||$100|
|Free Demo Account|
|Deposit Methods||Bank wire , Debit/Credit Card , PayPal|
|US Traders Allowed|
- 24/7 Support
- Algorithmic Trading
- Operating Speed
- No leverage
EXMO Exchange Review
Established in 2013, EXMO is a UK-based, mid-size cryptocurrency exchange with investor based located all around the world. While EXMO Exchange cannot compete by trading volumes with a major exchange such as CoinBase or BitFinex, it still has a number of advantages to offer and remains highly popular among the crypto trading community. We put together this EXMO review to help you to navigate through the onboarding process with EXMO Exchange and start trading Ethereum, Bitcoin, and other cryptos.
Buying and selling cryptocurrencies on EXMO Exchange is easy and straightforward. EXMO trading platform has 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.
These days we also see many CFD brokers offering cryptocurrency trading services. While CFD traders do not own an underlying asset, they still can benefit from the price swings and reap good profits. One of the most popular CFD brokers is eToro. They have pioneered crypto CFD trading market and also offer a number of crypto funds and trading strategies. We have extensively covered this matter in this CFD brokers review.
EXMO Exchange Overview
EXMO is UK-based cryptocurrency exchange, unregulated as all others. According to the company’s website, EXMO deploys international development team based in Spain, India, Thailand, and Russia with the support of experts and advisors from USA, Great Britain, Singapore, and Lithuania.
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EXMO Exchange has active clients base of circa 1,400,000 users 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 a lot of clients are located in China, Russia, Ukraine and central European countries.
Trading Platform – EXMO Exchange Review
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, order book and trading history.
EXMO Exchange has been added to 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, Bleutrade, Quoinex, Bittrex, BL3P (Bitonic), Poloniex, Bittrex, EXMO, CEX.IO, Vaultoro, Mercado Bitcoin (Brazil), Gemini. The app offers additional technical indicators like Bollinger bands, moving average, MACD, stochastic, Fibonacci and RSI, as well as 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 trade Ethereum, Bitcoin and other cryptocurrencies using trading robots.
Secured wallets and operating speed are some of EXMO’s advantages.
EXMO Exchange offers very good cryptocurrency support compared to large exchanges where trading options are limited. EXMO supports USD and EUR, as well as a large number of altcoins including Bitcoin and Ethereum.
Payment Methods & EXMO Exchange 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.
As any crypto exchange, EXMO makes money on transactions and given the number of payment methods and wide investment universe, there are a number of 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 of the 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 USD account, the withdrawing fee would be 3% per transaction.
EUR deposit can be done via SEPA transfer for €25. Depositing EUR and USD via the debit card is free, but the withdrawing incurs a charge of 3% + $7.5.
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EXMO 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 detailed explanation and is quite brief. But overall, EXMO Exchange offers quality customer support available 24/7.
EXMO Exchange review – Conclusion
While there is a number of large crypto exchanges like CoinBase or Bittrex, EXMO Exchange takes its own niche with a number of loyal customers from all around the world. 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 are also quite convenient.
As with any other exchanges, 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.
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