Since it provides cryptocurrency trading services to customers in many regions of the continent, EXMO, a prominent cryptocurrency exchange with headquarters in the UK, is well-known across Europe and Britain. The firm was founded in 2014 and has offices in Moscow and Kyiv in addition to its London headquarters, where it employs more than 150 employees. In 2019, EXMO launched EXMO Coin, a native platform token (EXM). Reduced trading costs & cashback incentives, enhanced referral income, and other bonuses are advantages for customers to acquire and keep EXM.
Benefits and features of EXMO
EXMO’s characteristics and advantages include:
Many different trading pairs
With more than 192 cryptocurrency pairings available for purchase and sale on the trading exchange, EXMO supports more than 60 cryptocurrencies. Each coin may be exchanged for a variety of fiat currencies, including USD, EUR, GBP, RUB, and UAH, to serve clients from different parts of the US, UK, and Europe.
Deposit options accepted
The range of fiat currencies available for account funding is one of the nicest aspects of utilizing EXMO. By depositing USD, EUR, GBP, RUB, PLN, UAH, and KZT, customers may start trading. An interactive tool to choose your chosen fiat currency is available on the website. Wire transfers, credit/debit cards, Payeer, and many more payment options are accepted for purchasing cryptocurrencies.
Rebates for cashback & trading fees
To lower the trading expenses on the exchange, EXMO provides a special cashback incentive scheme. The system is tier-structured into 4 tiers, with savings for manufacturers of up to 66% and costs for takers of 100%. By acquiring the native token EXMO coins, cashback benefits may be raised. Over the last 30 trading days, the exchange has given out over 278 Bitcoin in prizes, claims the website.
Regulation
EXMO is neither a licensed cryptocurrency exchange nor a professional financial agency. The exchange has created its own Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to adhere to the legal standards that must be followed in several different nations throughout the globe. The Financial Crimes Enforcement Network (FinCEN) has registered EXMO, a London-based business, to do business as a digital currency exchange in the UK and the EU. This license, however, does not imply that EXMO is a legal business or that the government has approved it as a reliable supplier of digital assets. In response to the 2020 exchange breach, FINCEN temporarily registered EXMO.
Quantity and liquidity
Exmo is the 33rd biggest cryptocurrency exchange, according to Coinmarketcap, based on traffic, liquidity, trading volumes, and trust in the veracity of stated transaction volumes. The exchange performs over $127 million worth of trades every day, with the most popular trading pairings being BTC/USD and ETH/USD. At the time of writing, EXMO’s trading volume is equivalent to that of Bithumb, OKcoin, and Luno.
Deposit techniques
Transferring digital currency to an EXMO wallet is the most popular way to finance an account. Over 60 supported cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP, DOGE, and many more, may be put into the exchange. When withdrawing from a personal hardware wallet or other exchange providers, the user will have to copy the specific address for the chosen currency or scan the QR code.
Payment methods for EXMO
For those wishing to convert money to cryptocurrency, EXMO supports 7 main fiat currencies and offers a variety of deposit options based on the user’s place of origin. Bank transfers, credit/debit cards, SEPA, wire transfers, Faster Payments, advcash, BACS, and other payment options are available.
Purchasing from EXMO
Through a simple, responsive user interface, EXMO enables traders to make prediction values of more than 60 cryptocurrencies. EXMO features a Simple Exchange that displays all of the cryptocurrency trading pairings for novices who seek a fast and simple method to purchase cryptocurrency. A dialogue box that is user-friendly for beginners may be used to input the price and confirm the acquisition of an item. EXMO features an Advanced Trading Exchange for traders that are intermediate to experienced. The user interface is flexible and offers both a bright and dark mode, allowing the trader to completely adjust the layout. With the charts on the left and the list of trading pairs on the right, the basic user interface arrangement is ideal. It is simple to filter and choose a certain currency to trade because of the pairings’ ability to be arranged by alphabetical order, price, or volume change.
Trading costs
To compensate participants with reduced trading fees for supplying liquidity to the exchange, EXMO has a maker-and-taker fee structure. For makers and takers, the trading commission starts at 0.3% and goes down with increasing volumes over 30 days.
Fees for deposit and withdrawal
EXMO offers a variety of fiat currency-based deposit and withdrawal options. Individuals may use Etana or a SEPA bank transfer to deposit USD and EUR without paying any fees. UK cryptocurrency traders may send GBP to EXMO via Faster Payments for a nominal cost of 3 GBP for each deposit to the exchange. There is a premium of 1.99% to 3.99% on the entire amount plus a modest fee when purchasing cryptocurrency using a credit card.
