EXMO

What is EXMO？

Founded in 2013, EXMO has established itself as a leading European cryptocurrency exchange, offering robust trading services across 250+ digital assets with particular strength in EUR and GBP trading pairs. The platform combines institutional-grade security protocols including cold storage for 95% of funds, mandatory 2FA authentication, and regular penetration testing by independent auditors with an intuitive interface designed for both novice traders and experienced professionals. EXMO maintains competitive trading fees starting at 0.2% for market makers/takers and supports diverse financial instruments including spot trading, crypto-backed loans, and staking programs with APY up to 15%. With regulatory compliance in multiple jurisdictions (FCA registration number 900838), multi-lingual 24/7 customer support, and advanced charting tools powered by TradingView integration, the exchange has processed over $8 billion in cumulative volume while maintaining a clean security record. The platform's commitment to regulatory adherence is demonstrated through rigorous KYC/AML procedures and strategic partnerships with licensed financial institutions, positioning EXMO as a trusted gateway between traditional finance and digital assets.

Pros and cons

Regulation

EXMO is not regulated by any financial authority. It's not on the list of approved platforms by the UK's Financial Conduct Authority (FCA) or any other financial watchdog.

This situation leads to some differences compared to regulated exchanges. For instance, EXMO isn't as strict with Anti-Money Laundering (AML) and Know Your Customer (KYC) rules, which are designed to safeguard users.This brings about certain risks for traders, like less protection from scams or theft – something to keep an eye on, you know.Also, there's a history of EXMO being hacked before, resulting in the loss of user funds. This should be considered by traders thinking about using the platform.

Security

EXMO says it has put in place quite a few security steps to keep funds safe and create a secure space for trading.

• Two-factor authentication (2FA): 2FA is a security feature that requires users to enter a code from their mobile phone in addition to their password when logging in. This helps to prevent unauthorized access to accounts.
• Cold storage: EXMO stores a portion of its users' funds in cold storage, which is offline storage that is not connected to the internet. This helps to protect funds from cyberattacks.
• Multisignature wallets: Multisignature wallets require multiple users to sign a transaction before it can be processed. This helps to prevent unauthorized withdrawals.
• Encryption: EXMO encrypts all user data, including passwords and transaction data. This helps to protect the data from unauthorized access.

Cryptocurrencies available

EXMO offers a bunch of different cryptocurrencies for trading. They've got over 400 cryptocurrencies available. When it comes to listing new coins, they usually do it quite promptly.

Other Services

EXMO enhances the trading experience with various services. The OTC Desk facilitates significant off-platform transactions, while Staking enables extra income through cryptocurrency holdings. VIP Service offers personalized benefits for enterprise clients, and the API serves as a reliable tool for cross-platform trading bots. The Premium service provides discounts on trading commissions, and the Referral Program allows users to earn from their friends' deals. These services contribute to a versatile and tailored trading environment on the EXMO platform.

How to open an account？

The registration process of EXMO is simple and straightforward. Here are the steps to register on EXMO:

1. Visit the EXMO website and click on the “Sign Up” button.

2. Enter your email address, create a password, and agree to the terms and conditions.

3. Verify your email address by clicking on the confirmation link sent to your inbox.

4. Complete the KYC (Know Your Customer) verification process by providing your personal information and uploading the required documents.

5. Wait for the verification process to be completed. This usually takes a few business days.

6. Once your account is verified, you can start depositing funds and trading cryptocurrencies on the EXMO platform.

How to Buy Cryptos？

Buying cryptocurrencies on EXMO is a straightforward process, especially with the option to use a bank card. Users can initiate the purchase by selecting the desired amount they wish to spend, with a range from a minimum of €2 to a maximum of €3000. Once the spending amount is specified, users receive the equivalent amount of cryptocurrencies, such as BTC, based on the current exchange rate. The platform provides a transparent overview, showing the amount users will receive for their specified spend, making the buying process accessible and user-friendly.

Fees

The trading fees on EXMO exchange are determined based on different trading volume levels,

• Maker fees: Makers are traders who add liquidity to the market by placing orders that will not be immediately filled. Their fees are based on their 30-day trading volume, with lower fees for higher volumes. For example, a maker with a 30-day trading volume of $30 will pay a fee of 0%, while a maker with a 30-day trading volume of $50 million will pay a fee of 1.16%.
• Taker fees: Takers are traders who remove liquidity from the market by placing orders that are immediately filled. Their fees are a flat 0.25% regardless of their trading volume.

EXMO offers trading fee reduction options offered by the cryptocurrency exchange platform EXMO across four different premium packages, namely Basic, Standard, Advanced, and Professional, providing varying levels of fee reductions for both Maker and Taker trading activities.

Deposit & Withdrawal

With USD, You can deposit and withdraw USD using Advcash, Gift, MARGIN, and PAYERR. For RUB, you have options like Mastercard, VISA, QIWI, GIFT, and PAYEER. If you're dealing with KZT, you can deposit and withdraw via Advcash, Mastercard, VISA, and GIFT.

EXMO allows users to deposit and withdraw various cryptocurrencies. While some coins have no deposit fees, others may involve small charges. Withdrawal fees vary per coin. For instance, Bitcoin Cash and Dogecoin deposits are fee-free, while Ethereum Classic and Cardano incur minor fees. Withdrawal fees range from 0.001 BTC for Bitcoin to 0.002 DASH for Dash. Deposits for Algorand and Dai are free, while withdrawals have slight charges. Users should confirm the latest fees directly from the EXMO platform before proceeding with any transactions. You can check the full details of deposit and withdrawal fees here: https://exmo.me/en/commissions.

Compare BitMart with other exchanges

Features
Trading Fees	Maker fees 0% to 0.25%, Taker 0.25%	Maker: 0.04%, Taker: 0.075%	Maker: 0.05% - 0.1%, Taker: 0.1% - 0.5%	Up to 0.40% maker fee and up to 0.60% for taker fee
Cryptocurrencies	100+	500+	11	200+
Regulation	Unregulated	Regulated by NMLS, MAS/FinCEN (Exceeded)	Regulated by FSA ( Japan), NMLS, CSSF, DFI, NYSDFS	Regulated by NMLS , FCA, NYSDFS, SEC (Exceeded), FINTRAC (Exceeded)

FAQs

Q: What are the available deposit methods on EXMO？

A: EXMO offers a variety of deposit methods, including bank transfer, credit/debit card, electronic payment systems, and cryptocurrencies.

Q: How long does it take for deposits to be processed on EXMO？

A: The processing time for deposits can vary depending on the chosen method, with bank transfers and cryptocurrencies typically having shorter processing times.

Q: What are the available withdrawal methods on EXMO？

A: Users can withdraw funds through bank transfer, electronic payment systems, and cryptocurrencies.

Q: How long does it take for withdrawals to be processed on EXMO？

A: The processing time for withdrawals can vary depending on the chosen method, with bank transfers and cryptocurrencies generally having shorter processing times.

Q: What communication platforms are available on EXMO？

A: EXMO has an active presence on social media platforms such as Twitter, Facebook, and Telegram, where users can connect with the community.

Q: What are the available contact channels for customer support on EXMO？

A: Users can submit a support ticket through the “Support” section on the EXMO website to reach the customer support team.

Q: Who is EXMO suitable for？

A: EXMO is suitable for both beginner and experienced traders who are looking for a user-friendly platform, a wide range of cryptocurrencies, and educational resources to enhance their trading skills.