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Summary of EXMO
EXMO crypto exchange was launched in 2013, making it one of the oldest exchanges still operating today. You can buy and sell Bitcoin, Ethereum, Litecoin, Ripple and many more.
They offer an exchange that is easy for anyone to use, regardless of their level of trading experience.
They far exceed many of the top exchanges today, when it comes to the number of deposit options they offer. You can deposit with bank transfers, credit or debit cards (VISA or Mastercard) and AdvCash. They are one of the very few that offers you to store fiat currencies on the site (EUR, USD, RUB, PLN, TRY and UAH).
EXMO is available worldwide and sets no country restrictions.
Last Updated: 07/19/2019E
What Cryptos can you Trade on EXMO?
EXMO offers a wide range of cryptocurrency for trading, featuring a total of 137 cryptocurrencies to trade. EXMO has the most traded and most trusted cryptocurrencies available on their crypto exchange:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Litecoin (LTC)
- Dash (DASH)
- Bitcoin Cash (BCH)
- EOS (EOS)
- TRON (TRX)
- NEO (NEO)
- Many more
EXMO’s Deposit & Withdrawal Methods
On EXMO users can deposit and withdraw not only cryptocurrencies but also fiat currencies. EXMO currently accepts the following fiat currencies on your account (you can of course deposit from ANY currency in the world, and then choose which of these you want it converted to on their website):
You can deposit using VISA, Mastercard, and AdvCash. This improves your experience significantly, as you are not required to use another exchange as an intermediary to get started or to sell and withdraw your earnings. Larger exchanges, such as Binance, offers inferior solutions where you are unable to deposit and withdraw fiat currencies, making it necessary for you to use an intermediary (another cryptocurrency exchange operator) to withdraw your earnings back into your bank account or to deposit fiat currencies.
VISA deposits are charged at a fee of 3.45%, which is slightly above the usual average of 2.50%. AdvCash charges a nominal fee of 1%. Bank transfers are only available for EUR currency and they charge a fixed fee of €6.95 per transaction, regardless of transaction size (this is within the expected range when compared to competitors).
Other Bitcoin and Cryptocurrency exchange operators where you can buy Bitcoin with your credit card includes:
EXMO's Transaction & Trading Fees
Trading fees are by default set to 0.2% for every trade executed, whether bought or sold. EXMO offers customers a cashback scheme, that allows users to get money back from commission paid to the exchange for executed trades. The more you trade, the higher cashback reward you will receive, with a maximum cashback percentage of 70%, effectively reducing your trading fees to 0.06%, one of the lowest rates on the market. Bear in mind, that this requires significantly large trading volumes to achieve, lower end cashback percentages are easier to achieve.
Supported & Restricted Countries at EXMO
Looking through their terms and conditions and their website, EXMO makes no mention of supported or restricted countries. The supported currencies (USD, EUR, RUB, PLN, TRY and UAH) and the supported site languages, give us an indication that they strive to be a globally accessed cryptocurrency exchange operator.
EXMO offers its website in English, Spanish, French, German, Italian, Portuguese, Romanian, Chinese, Russian, Ukrainian, Polish and Turkish.
Is EXMO Safe?
EXMO has been operating since 2013 and is incorporated in England as EXMO Finance LLP. Like many other cryptocurrency exchange operators (such as Binance reviewed here on the site), customer funds are not yet insured. It is still a rarity that this is offered by cryptocurrency operators, but again something that we would be keen to see added, to increase users’ level of comfort and trust. There is limited information available as to what their internal platform architecture is like, which is why operating years is our best indicator of their security level. Having been in operation for six years, without any major breaches, is a testament to them taking their security of their customers important.
2FA (2-factor authentication) can be enabled on login, adding an extra layer of security.
How is EXMO's Customer Support Service?
EXMO’s offers a basic knowledge base that gives answers to some of the most frequently asked questions their customers have. This may help you with some of the questions you may from time to time. Additionally, EXMO’s customer support team can be reached via Live Chat, Email and by raising a support ticket on their website after logging in. Live chat is a welcomed feature, that many other competitors do not offer. Live chat enables you to resolve any urgent issues you may have at a much more rapid pace – giving rise to superior service and overall customer experience.
Exmo is one of the only dedicated bitcoin exchange operators in the world who offers Live Chat customer support. For that, we award them A, for Awesome service!
EXMO's Trading Liquidity
XMO offers a decent level of trading liquidity volume, that should be enough for most traders. Their 24-hour trading volume is roughly around 8000 BTC (€34 Million).
Is EXMO easy to use? Do I need to be a Professional Trader?
EXMO offers two very distinct trading experiences. One experience is targeted specifically for the more experienced trader, looking to get more control of their experience. This allows the trader to get the typical charts, price movements, buy and sell order books and to choose between limit or market orders.
The second solution is a simplified experience targeting casual and new traders, who are looking for a straightforward way to buy and sell their cryptocurrencies, without needing any complicated trading knowledge.
EXMO’s customer experience is above average among cryptocurrency exchange operators. Their trading platform is easy and straightforward to use, designed to make trading for even the most novice users a breeze.