The cryptocurrency exchange EXMO was founded in 2013, and it is one of the largest in Eastern Europe. Its offices are located in London, Kiev, Istanbul and Moscow. Currently, the number of users is 2.3 million crypto-traders from different parts of the world. The average daily trading volume exceeds $94 million, according to CoinMarketCap. As for the level of liquidity, it can be assessed as average for the market.
The exchange can trade and exchange 65 cryptocurrencies and 8 variants of fiat, which are traded in 173 trading pairs. If we look at how much crypto in EXMO, and compare it to other exchanges, it becomes clear that here its number is not so large. In 2019, the exchange launched its own token - EXMO Coin (EXM). The peculiarity of EXMO is that only spot trading is available on the crypto exchange for now. However, even within the spot you can use leverage up to x30 - recently, margin trading became available. Passive income on the exchange can be earned through staking and participation in an affiliate program.
It is also important to note that the cryptocurrency exchange provides an opportunity to purchase paid packages. With their help, you can increase the percentage of income from staking, reduce commissions for transactions, as well as receive more favorable cashbacks. If it is necessary to carry out trades with attraction of especially big sums, it is possible to use services of off-exchange trading - in this case realized transactions will not influence the general situation on the market. All of the features described above are available both on the official website and in the application.
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Title | EXMO |
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Website | www.exmo.me |
Exchange type | Centralized |
Regulation | No official information could be obtained |
Commission Taker | 0,13% – spot |
Commission Maker | 0,07% – spot |
Demo account | Not available |
Minimum deposit | From 0.001 BTC |
Bitcoin withdrawal limits | From 0,002 BTC |
USD withdrawal limits | 10,000 USD without additional bonus terms |
Withdrawal in fiat | There's |
Time to open an account | 2 minutes |
Margin leverage | Up to x30 (only available on spot trade) |
Markets | Over 180 |
Options for passive income | Steaking, an affiliate program |
Technical support language | English, Russian, etc. |
Withdrawal fees | Depends on the selected currency (for example, 0.0005 BTC for bitcoin) |
Methods of replenishment | Cryptocurrency wallets for coins, bank cards and electronic services for fiat |
Conclusion methods | Cryptocurrency wallets for coins, bank cards and electronic services for fiat |
Account currencies | USD, EUR, GBP, EXM, BTC, ETH, etc. |
Promo | Absent |
The amount of commission for trading on EXMO directly depends on the user's trading volume for 30 days (in dollars). There is a single commission fee for beginners:
If the volume of trading exceeds $50 million, it is possible to get the most favorable conditions. The commission for participants is reduced to almost zero, and when trading crypto/crypto makers can even count on a surcharge - the commission fee level is -0.017%.
It is also possible to reduce the amount of commission by purchasing a premium package. The cost of such offers ranges from $1 to $500. However, it is important to note that the service is only available when trading using the exchange token - EXM.
As for deposit and withdrawal fees, it all depends on the selected currency. Depositing coins is possible without paying any additional interest. However, to withdraw you will need to pay a commission fee. For EXMO Coin it is 50 EMX, for bitcoin - 0.0005 BTC, for ether - 0.002 ETH, etc. Depositing fiat is also often possible without a fee.
However, when using certain services it will still need to be paid - for example, if the user decides to deposit in dollars through Payeer. In this case the commission will be 0.99%. When withdrawing fiat currency the commission is different, so it is better to see it directly on the site at https://exmo.me/commissions. In addition, here you can immediately see what services are available for deposit and withdrawal of certain currencies.
Since only spot trading is available at EXMO crypto exchange, the amount of commission should be considered within this direction. But here it is important to pay attention to the fact that the percentage differs depending on the choice of trading pairs crypto/crypto and crypto/fiat. In addition, the amount of commission is influenced by what the user's trading volume is over the past 30 days. The exact figures can be found in the table below.
Trading volume in 30 days, $ | Maker (crypto/crypto) | Taker (crypto/crypto) | Maker (crypto/fiat) | Taker (crypto/fiat) |
---|---|---|---|---|
50 000 000 + | -0,017% | 0,027% | 0% | 0,08% |
10 000 000 – 50 000 000 | 0% | 0,03% | 0% | 0,09% |
5 000 000 – 10 000 000 | 0,007% | 0,04% | 0,02% | 0,12% |
2 500 000 – 5 000 000 | 0,013% | 0,047% | 0,04% | 0,14% |
1 000 000 – 2 500 000 | 0,02% | 0,053% | 0,06% | 0,16% |
500 000 – 1 000 000 | 0,027% | 0,06% | 0,08% | 0,18% |
250 000 – 500 000 | 0,033% | 0,067% | 0,1% | 0,2% |
100 000 – 250 000 | 0,04% | 0,073% | 0,12% | 0,22% |
50 000 – 100 000 | 0,047% | 0,08% | 0,14% | 0,24% |
25 000 – 50 000 | 0,053% | 0,087% | 0,16% | 0,26% |
10 000 – 25 000 | 0,067% | 0,093% | 0,2% | 0,28% |
0 – 10 000 | 0,1% | 0,1% | 0,3% | 0,3% |
It is important to keep in mind that on this exchange, it is not possible to get additional discounts on the commission fee when attracting an exchange token to trade. However, it is possible to purchase a premium package that will open up that possibility. The offers are priced at $1, $10, $100, and $500. The cheapest package provides a discount for beginners whose monthly trading volume does not exceed $10,000. The maximum price package reduces the commission level for traders, whose trading volume within 30 days does not exceed $10 million.
EXMO | Binance | HTX (Huobi) | |
---|---|---|---|
Taker | 0.13% | 0.06% | 0.09% |
Maker | 0.07% | 0.05% | 0.08% |
Making a conclusion about the trading commission of EXMO crypto exchange, we can say that it is on an average level. However, compared to the most popular representatives of the industry, it is slightly inferior.
Another opportunity to reduce the level of commission is the cashback feature. In order for the user to take advantage of this option, he needs to buy a suitable package, which will determine a fixed discount from 15% to 100%. The validity period of this offer is 30 days.
In spite of the fact that the exchange does not provide such a service as contract trading, users have access to margin lending. As part of spot trading, traders have the opportunity to use leverage up to x30. The specific amount of credit available depends on how much money the user has on his account, as well as what currency he chooses to trade.
So, for example, when trading with bitcoin, the leverage will be maximal. But if the user chooses a NEM coin, his available credit is no more than x3. More details about the available leverage size can be found on the "Margin Trading" page, which can be accessed through the top menu bar.
The website of EXMO crypto-exchange does not provide details on how it is ready to ensure the security of its
clients. However, it is important to note that users are given the opportunity to connect two-factor
authentication, which allows them to protect personal data and funds.
The exchange also pursues an active policy to prevent money laundering. In this regard, all transactions carried
out are monitored. If certain financial transactions are of a suspicious nature, permission to conduct them is not
granted, and the exchange reserves the right to send this data to the relevant law enforcement agencies. It is
important to note that permission to verify transactions must be provided by each Exchange client wishing to
register and subsequently verify.
As for the data on the regulation of the cryptocurrency exchange, it was not possible to obtain it. At the same
time, the company's website has an answer to the question whose exchange EXMO is - the company is registered in
the UK. There is also data on registration in the Republic of Lithuania and the U.S. - here the company is
registered as an operator of exchange and deposit of virtual currency. The exchange platform itself is also
managed by RBK Trading LTD, registered in the jurisdiction of St. Vincent and the Grenadines. The question of
whether it has a license could not be disclosed either. Wikipedia provides no information about the EXMO exchange.
We also could not get such information from the support service. Whether or not EXMO can be trusted in this regard
is up to each user to decide.
There is only one type of trading available on the cryptocurrency exchange, which is spot trading. But it is divided into three variants depending on the specifics of the trading process. Therefore, it is important to understand in advance how to work with spot trading within each direction:
The most popular trading pairs presented at the exchange are such as BTC/USDT, ETH/USDT, TON/USDT, XRP/USDT. There is also a possibility of trading using the exchange token EXMO - trading pairs EXM/BTC, EXM/ETH, EXM/USDT, EXM/RUB are available.
The main advantages and disadvantages of trading at the EXMO exchange can be found in the table.
EXMO Exchange | Binance | HTX (Huobi) | |
---|---|---|---|
Total number of cryptocurrencies* | 65 | 384 | 595 |
Total number of trading pairs* | 173 | 1701 | 883 |
Bitcoin | Yes | Yes | Yes |
Etherium | Yes | Yes | Yes |
Altcoins | Yes | Yes | Yes |
Futures | No | Yes | Yes |
Cryptocurrency funds (basket of cryptocurrencies in one lot) | No | ||
NFT | No | Yes | Yes |
The EXMO cryptocurrency exchange does not provide a wide enough selection of coins for spot trading. Only 65 cryptocurrencies are available. Although the most popular ones are represented here. In particular, these are options such as BTC, ETH, TON, USDT, etc. Cryptocurrencies that have recently shown a rapid drop in value are not presented here - for example, there is no Luna on EXMO.
Users can also attract fiat money to their trades - USDX, USD, EUR, GBP, RUB, PLN, UAH, KZT.
If exchange clients are interested in the possibility of making transactions for especially large amounts, it is appropriate for them to use the service of over-the-counter trading. In this case, financial transactions are conducted through third-party services, while the control is carried out by cryptocurrency managers. Advantages of such service:
Users of EXMO cryptocurrency exchange have an opportunity to earn passive income with the help of staking. Its conditions resemble a standard bank deposit, but with the involvement of cryptocurrencies. The algorithm is as follows:
Additionally, you can purchase steaking packages. They are available to those who keep a certain amount of EXM on their balance. Such offers allow you to increase your annual rate.
Another way to get passive income is a referral program. Its conditions do not differ from most other exchanges. If a trader wants to join such a program, he should register on the exchange website and request a referral link. Afterwards, he/she can post it on any resources with the purpose of attracting new clients to EXMO: it may be social networks, personal blogs or even messaging messages via messengers.
Only one link can be received and used, but the number of referrals is unlimited. The person who follows the link must register on the exchange and start trading. The profit of the participant of the referral program will be a certain percentage of the commission paid by his referral - 25% or 40% (when trading with the involvement of EXM) The period of receipt of such rewards is unlimited.
To become a client of the cryptocurrency exchange, a user will need to go through the registration procedure in EXMO. It is quite simple and only takes a couple of minutes. It is important to take into account that it is also necessary to perform verification afterwards. It is required to confirm the identity and protect assets from unauthorized actions of fraudsters. When re-entering the personal account, it will be enough to specify the data (login and password) that was entered in the registration form.
There are no strict restrictions for residents of different countries - anyone can become a client of the exchange. But it is important to take into account that EXMO Crypto Exchange is focused specifically on Eastern Europe. Accordingly, it is available to use only a limited number of fiat currencies - dollars, euros, hryvnias, rubles and several others. Therefore, residents of the countries whose national currencies are not supported, will need to convert in advance. If the user uses only cryptocurrencies, he will not have such a need.
There may also be situations when access to the exchange is closed in one country or another. This is mentioned in the User Agreement, as well as in reviews of EXMO exchange. In this case, traders can use the VPN service, which will allow them to go to the website of the cryptocurrency exchange, register and use the services.
Users should not have any difficulties with opening an account at the EXMO exchange, because the registration form is quite simple. The algorithm is as follows.
First, the user needs to go to the website of the crypto exchange and click on the "Registration" button. It is located in the top menu bar on the right side.
Next, the new client will need to fill out a small electronic form. In the first field you must specify a login from Latin letters and numbers, which should be between 5 and 12 characters. Below you must enter a contact e-mail address. It is important that it be valid. The last action is to think up a password. Such a combination must have more than 8 characters, include lower and upper case Latin letters, as well as additional symbols and numbers. Also at this stage, you can add a promo code, if the user has one. After that, it will be necessary to agree with the rules of use and, if desired, subscribe to the newsletter.
Do not forget that you also need to fulfill the conditions of the captcha - for example, choose images on a given topic.
If all steps have been performed correctly, the following message will be displayed.
It means that you need to open your email, find an email from the exchange and follow the link indicated in it.
To complete the registration process, you must also enter your contact phone number in the special form that will automatically open on your screen.
It is to it will be sent a confirmation code, which will open access to a personal account and a purse.
Do not forget that in the future to gain access to all the functions of the exchange you will also need to be verified. This can be done through a personal account, by confirming identity, address and card number. Verification can be done either through the official website or via the application.
EXMO | Binance | HTX (Huobi) | |
---|---|---|---|
Minimum deposit | 0,001 BTC | $1 (for trading Spot 10) | $1 (for trading Spot 20) |
After registration, a client of the exchange opens one EXMO Wallet, which has a list of available cryptocurrencies and fiat funds. Certain of them may be inactive in a particular region. In this case, "Deposit" and "Withdraw" buttons will not be highlighted. Also in the wallet users can see executed transactions, selected templates and analytics.
To make a deposit, you must first select the currency of interest. Then you will need to click on the "Deposit" button. After that, a window will open in front of the user, where he will see all available tools for deposit, as well as the amount of commission to be paid.
The minimum deposit amount depends on the selected currency. For bitcoin it is 0.001 BTC, for dollars - 20 USD, etc. The exchange client can see the exact data by selecting one or another currency in the wallet.
The answer to the question of how you can withdraw money from EXMO is a very similar algorithm. It is enough to click on the "Withdraw" button in front of the selected currency and specify the amount. In this case, the user will immediately be able to see how much money he will receive, taking into account the commission charged.
Every registered user gets access to the spot trading platform. It has a user-friendly and rather minimalistic interface. Such a format will appeal to newcomers, as information is provided in a localized way, without unnecessary details. This is confirmed by the reviews of EXMO. Interesting is the fact that visitors can use only English and Russian versions of the interface before registration. Registered users open the rest - in Spanish, French, German and other languages.
In addition to the ability to use the main site, the application is also available. To download EXMO, just use the corresponding links on the web-version of the resource. Downloading is absolutely free and takes only a couple of minutes. Functional features of the application don't differ from the main website - here you can register and verify, deposit, withdraw earned money, trade and use special offers.
Web version | Mobile version | Mobile applications | |
---|---|---|---|
Two-factor authentication | + | + | + |
Timeframe range | 1 minute - 1 month | 1 minute - 1 month | 1 minute - 1 month |
Types of orders | Limit, market, stop order | Limit, market, stop order | Limit, market, stop order |
Quote history | + | + | + |
TradingView charts | + | + | + |
EXMO | Binance | HTX (Huobi) | |
---|---|---|---|
Web platform | Yes | Yes | Yes |
Android | Yes | Yes | Yes |
iOS | Yes | Yes | Yes |
Desktop | No | Yes | No |
The spot trading platform on the cryptocurrency exchange website and in the app allows for quick transactions. At the top of the screen, the user can see all the basic data about the selected currency, including the latest current price, trading volumes, etc. Below there is a graph of exchange rate movement, and on the right side there is an opportunity to choose the trading pair of interest.
Below users are given the opportunity to choose the appropriate type of order. The following options are available:
Looking at the right side of the screen, the trader will be able to see the order book, as well as the trading history. This information will help to analyze the current situation and choose the most profitable transaction option.
An extended menu is available to users in the footer of the page. It contains all the main options offered by the exchange, as well as contacts for contacting the EXMO support team.
The website of the EXMO cryptocurrency exchange does not have a separate section with analytical materials. However, thematic articles are available to users. Their topics are quite different - reviews of cryptocurrencies, analysis of trading strategies, etc. Some of these materials are of a news nature. Such information can be useful both for beginners in the cryptocurrency market and experienced traders. It is also worth noting that new publications appear regularly.
The Exchange provides an opportunity to familiarize with training materials in Q&A format. Here you can find answers to common questions that often interest newbies - registration, uploading a wallet, password recovery, etc. Questions on individual sections are also available:
You can find informative and detailed answers in the materials. The crypto exchange also has its own YouTube channel, where you can find a lot of training videos. In them the information is given simply and clearly enough, which is optimal for beginners.
There are several options for contacting the support team. Online chat is available, but in it we could only see questions and comments from users themselves. There was also no response from the support team to our request.
Additionally, you can use the feedback form and contact email addresses. But with the help of these channels also failed to get answers.
To contact support, it is suggested that you use:
Also at the bottom of the screen are social media icons that users can visit to contact exchange representatives or get more information.
EXMO technical support will be available in English, French and other languages - it is multilingual.
At the moment of writing the review there are no current bonus offers on the website of the crypto exchange. However, it's worth mentioning the EXMO Gift Card. This is a special gift card that can be used to quickly and easily transfer funds to other users. Both cryptocurrencies and fiat money can be used.
It is easy enough to create a gift card. To do this, you need to select such a tool as EXMO Gift Card when withdrawing funds. The advantage for those who withdraw cryptocurrency this way will be the zero commission.
To summarize, it should be noted that EXMO Cryptocurrency Exchange is a convenient service for both beginners and experienced traders. It features a convenient multilingual interface without unnecessary advertising and multimedia. The crypto exchange is focused on Europe, particularly Ukraine. Users can deposit and withdraw funds in local currency, quickly converting them into crypto. Commissions and limits of the exchange can be estimated at an average level compared to other representatives of the market. However, for some proposals here it is possible to find very attractive conditions - for example, the possibility to deposit all types of cryptocurrencies without a fee.
Among the advantages are the availability of over-the-counter trading for making transactions for large sums, as well as staking and a referral program for passive income. There are practically no restrictions to register on the website of the crypto-exchange. It takes minutes to complete such a procedure. However, it is important to keep in mind that even for depositing money, it is necessary to undergo additional verification.
As for the disadvantages, it is important to mention the absence of futures trading. At the moment only spot trades are available, although with the possibility of using leverage. Also a disadvantage can be considered a small number of coins and trading pairs. However, unlike many other crypto exchanges, EXMO allows you to deposit your account and use 8 fiat currencies for trading.