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.
Which fiat and cryptocurrencies are supported?
- Supported fiat currencies: USD, EUR, GBP, RUB, PLN, TRY, UAH, KZT
- Supported cryptocurrencies: Approximately 53 cryptocurrencies
EXMO’s exchange platform can be used by people in more than 200 countries around the world, including Ireland.
Which payment methods are accepted?
- Bank transfers
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.
|Cryptocurrency||Deposit fees||Withdrawal fees|
|USDT||15 USDT||25 USDT|
|KICK||50 KICK||350 KICK|
|Debit / credit card||6%||0%|
|Visa / Mastercard||0%||3% + 7.5 USD|
|Debit / credit card||6%||0%|
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.
|Currency pair||Minimum quantity||Maximum quantity||Minimum price||Maximum price||Minimum amount||Maximum amount|
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 to create 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 US$1 million ransom in bitcoin.
EXMO offers a 24/7 customer support service to all users. From the online support centre, you have the option to do the following:
- View answers to a number of frequently asked questions
- Open online chat
- Email email@example.com
- Create a support ticket
Pros and cons
- 24/7 customer support
- Wide range of deposit options
- Access to a number of popular cryptos
- Trade more than 46 crypto/fiat and crypto/crypto currency pairs
- Flat and transparent 0.2% trading fee
- Some other exchanges offer access to a much larger range of cryptocurrencies
- You may be able to find lower trading fees elsewhere
- No option for leveraged trading
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.