EXMO Exchange Review

EXMO is a digital asset or cryptocurrency exchange that was founded in 2013. They have offices in Barcelona, Kiev, Moscow and in London. They claim to be the no.1 exchange in Eastern Europe. An EXMO exchange review also reveals that they seem to be the leading exchange in the Commonwealth of Independent States (CIS), when it comes to the trading of Bitcoin and other cryptocurrencies or digital assets.

An EXMO exchange review reveals that this exchange serves the crypto space via no less than 127 active markets and offer 86+ currency pairs, including 6 fiat currency pairs. In addition, it is claimed that they have about 1.5 million users in a 170+ countries across the globe. They seem to offer a wide range of deposit and withdrawal options, including debit / credit cards, bank transfers and even PayPal for withdrawals.

EXMO also offers a referral program where participants can earn 25% commission on every transaction done by referrals on the exchange. An EXMO exchange review shows that they also offer a cashback program where traders can receive up to 70% back of the commissions paid on the exchange.

They also offer an OTC trading facility where applications are executed by a professional broker. This OTC trading facility is available for transactions larger than $100k each. They also seem to offer special rates to those deemed VIP clients, including traders who automate their own API trading, banks or exchange offices, large electronic payment systems, mining companies, hedge and venture funds and forex or stock brokers.

EXMO charges a flat trading fee, meaning it does not differentiate between takers and makers. The flat fee on the exchange is 0.20%, which is slightly below the global industry average. Though this is an advantageous fee, it should be kept in mind that most competitive exchanges opt for fees ranging from 0.20% to 0.10%. Withdrawal fees amount up to 0.001 BTC, which is around the global industry average. Fiat-crypto trading is allowed on this exchange alongside crypto-to-crypto trading. Deposits to users’ accounts can be made via bank transfers as well as credit cards, which is usually not accepted on most exchanges. EXMO does not charge deposit fees, which is appealing. Allowing fiat-crypto trading makes EXMO an entry-level exchange, which is good news for those who are just starting out. The exchange offers a practical, one-exchange solution to their introduction into the industry.

EXMO has two different “modes” for its platform: the Exchange Mode, and the Trades Mode. The Exchange Mode is more suitable for those who are relatively new to the industry and are looking for a more simplified experience of trading. The Trades Mode, on the other hand, is for those who are interested in the details of the process that they are conducting and are looking for more technicality. The latter mode is more suitable for those who have experience in cryptocurrency trading.

EXMO’s website is quite easy to navigate and is presented with a very modern design. It offers a very impressive list of 11 language options, which is almost double the amount of what is offered on most cryptocurrency trading platforms. The website suggests that their interface is easy to use due to its “minimalist design, adaptive grid and night mode”. Though their “About Us” page doesn’t necessarily provide names and background information, it lists the corresponding e-mail addresses for certain departments of the team. The fact that detailed information on the team is not given might deter some users. There is, however, a legal entity listed on the website called Finerta Business Inc., which provides service to the exchange. So far, there have not been any reports of suspicious activity regarding EXMO’s security, which is a very positive sign considering the fact that it has been around for a long time.