EXMO cryptocurrency exchange

Exmo Cryptocurrency Exchange

• Buy/sell 12+ cryptocurrencies
• Fiat-to-crypto and crypto-to-crypto trading
• Accepts USD, EUR, RUB, PLN and UAH
• Multiple payment methods

Buy and sell 13 popular cryptocurrencies with a 0.2% trading fee.

EXMO is a cryptocurrency exchange based in the UK. It charges a 0.2% fee on all trades and allows customers to buy and sell bitcoin (BTC), Ether (ETH), Litecoin (LTC) and a number of other popular cryptos.

We’ve put together this review full of a host of useful information you should consider before deciding whether EXMO is the right crypto exchange for your needs.

What is EXMO?

Founded in 2013, EXMO is a cryptocurrency exchange that allows users to trade a range of cryptocurrencies. You can deposit funds into your account using a number of transfer methods, and the platform offers support for five fiat currencies.

In December 2017, EXMO also announced the launch of the EXMO Coin crowdsale to raise the funds necessary to add a margin loan service to its exchange platform.

How much will it cost me to use EXMO?

A 0.2% trading fee is charged when each deal is closed. If you create an order and then cancel it before it is completed, you will not be charged for that order.

EXMO sometimes also charges fees on deposits and withdrawals. The table below outlines the fees that apply to transactions using cryptocurrency, USD and EUR, but you can find the fees for other supported fiat currencies on the EXMO website.

Are there any transfer limits?

Yes. EXMO imposes minimum and maximum trading limits on each currency pair it offers. While you can access the full list of limits through the EXMO website, you can see a selection of sample limits in the table below.

The following limits also apply to the minimum amount for cryptocurrency withdrawals:

• BTC: 0.01
• DASH: 0.1
• DOGE: 10
• ETH: 0.1
• LTC: 0.5

Is it safe to use EXMO?

While you don’t have to verify your account in order to start trading on EXMO, you can provide proof of ID and proof of your address to add increased security to your account and access a wider range of deposit and withdrawal options. EXMO also offers the option of setting up two-factor authentication and creating a list of trusted IP addresses that can log into your account.

Like pretty much every crypto exchange, EXMO has been targeted by hackers in the past. For example, a DDoS attack in December 2017 briefly shut down the exchange.

It’s also worth pointing out that EXMO director Pavel Lerner was kidnapped outside his office in Kiev, Ukraine, late in December 2017. He was later released after paying a $1 million ransom in bitcoin.

Customer support

EXMO offers a 24/7 customer support service to all users. From the online support center, you have the option to do the following:

• View answers to a number of frequently asked questions
• Open online chat
• Email support@exmo.com
• Create a support ticket

Pros and cons

Next steps

If you’ve compared a variety of exchanges and you’d like to open an account with EXMO, you can do so for free by clicking one of the “Go to site” links on this page. You can sign up by providing your email address and creating a login and password. Taking additional steps to verify your account will allow you to access the full range of deposit and withdrawal options.

Finally, don’t forget to set up two-factor authentication to provide increased security for your account.

Frequently asked questions

• Is there a minimum trade amount?

  Yes, a minimum trade limit of $1 applies.

• Is there a demo platform I can try before signing up for a full account?

  No, at the time of writing, EXMO did not offer a demo account option.

• How long does it take to verify my EXMO account?

  Once you’ve provided all the necessary documents, including proof of address and proof of ID, your account will be verified within 24 hours.