Allowing users to buy, sell and trade digital assets, centralized exchanges have become pivotal part of trading cryptocurrencies. Among hundreds of exchanges available in the market, EXMO stands out for it’s wide range of trading pairs to trade, user-friendly UI and security ensurance. In this review article, we’ll deeply look into what EXMO is, who owns it and its key features that might appeals you.
So, lets get started with
What is EXMO?
EXOM is centralized exchange that allow users to trade cryptocurrencies and digital assets (NFTs). The platform was found in 2014 and has head-offices in different regions including United Kingdom, Ukraine, Lithunia, Poland and USA.
Exchange is best known among crypt traders because of its low trading fees, easy-to-navigate interface and over 170 pairs to trade. EXMO also offers its clients various security features, including Two-Factor authentication and user data encryption, which ensure the user’s personal information and funds’ safety.
EXMO also offer some unique services that you might not be able to enjoy on many popular Exchanges such as:
- Complete crypto trading guide and dedicated Blog sections to find information related to different cryptocurrencies and advance blockchain topics.
- A referral program that allow users to earn extra money by referring others.
- Does feature affiliate programs as a mode of earning.
Where is EXMO Located?
Exchange offers services in many western countries, but its head office is in the United Kingdom, London. Further, the exchange also has offices in countries like Ukraine, Poland and the United States.
Who Created EXMO?
Russian Software Engineer Ivan Petukhovsky established platform in 2014. His prime motto for establishing EXMO was to provide investors and other people with a secure and reliable channel for all the crypto exchange and trading.
Starting from the UK, it has become one of Europe’s largest crypto exchanges.
Who Owns EXMO?
As mentioned previously, Ivan Pethovsky and Sergey Zhdanov co-founded EXMO, currently both are associated with platform. Sergey Zhdanov holds the CEO (chief-executive officier) position in the company whereas Ivan Petuhovskii serving as director of the Exchange.
How to’s of EXMO?
How to Use EXMO
To trade on EXMO, you need to register yourself on the platform. Once the registration is complete, verify your email address and log in with your credentials. After Login, you’ll be asked to accept the terms and conditions, and after that, you’ll be directed to the home page (Dashboard) from where you can start trading.
It is always suggested that before getting into any transaction, secure your account with 2-factor authentication, which secures your account from any potential attack from hackers.
How to Buy Crypto on EXMO?
If you are newbie and starting from scratch then must follow this simple step-by-step guide on how to buy cryptocurrency on Exmo. Before buying crypto, first you will need to have a balance in your Wallet in USD or other currency.
Deposit Funds via Debit Card.
The first and most accessible way to buy cryptocurrency from EXMO is by Debit card. Login to your account and add the information of your debit card in the payment section. Now for any trade you do on the platform, you’ll be charged from your debit card directly.
But make sure that your account is entirely protected by 2-factor authentication otherwise you might can end-up using your funds.
How to Purchase Bitcoin on EXMO?
Buying Bitcoin on EXMO is relatively easy these days thanks to its advanced automotive market making tools and easy-to-understand UI. Investors can easily buy Bitcoin from EXMO just using Debit card or Credit card. Once you have funds, simply go to buy section, select Bitcoin and click on buy after filling the amount you wanted to purchase on.
How to Buy Solana on EXMO?
Buying Salona is also as simple as any other cryptocurrency on the platform. User will have to follow the simple steps mentioned above in how to purchase Bitcoin on EXMO guide by going to the purchase section, selecting Solana clicking on Buy.
How to Deposit on EXMO?
In EXMO, cryptocurrency can be added through the “Wallet” section. If you want to add cryptocurrency to your EXMO account, go to your Wallet, click on deposit and add the deposit method by which you wish to add the amount in your Wallet, e.g. by debit, credit card or by simplex.
Is EXMO Legit?
Working in the European market since 2014 makes it more reliable and legit, but the hacker attack on EXMO in 2020 raised many questions about user safety and other trust factors. After this attack, even EXMO had to shut down its services for a few days, but from then, the platform made KYC compulsory for its users, while its advanced 2-factor authentication further makes the platform more trustworthy and safe.
Is EXMO Exchange Available in the USA?
Registered in the UK and has offices in other European states along with the United States, previously EXMO was offering services in the USA, but after the amendments in regulatory laws, United States citizens are Banned from trading crypto with traders from outside the United States. So, EXMO has suspended its services in the United States for now.
EXMO Customer Services:
The Exchange is good at customer support, as users can approach the support representative in many ways.
- Email Support: EXMO customer support is available via Email at support@exmo.com to assist users with their issues and questions.
- Online Chat: You can click the Support button on the bottom right of the EXMO website to access the live chat feature.
- Help Center: The platform website also has a help center where a lot of frequently asked questions are being answered.
- Social Media Support: The platform is also available on different social media websites including Twitter, Instagram and more and anyone can approach using the social media handles of EXMO.
What Coins does EXMO Support?
As of now more than fifty-seven types of coins, including all the famous coins such as SOL, Ethereum, Bitcoin are listed on the Exchange in the market. The platform does also support fiat currencies such as Dollar, Euro, and ponds.
Pros and Cons of EXMO:
The Exchange has pros and cons, like every company in the world. Below we have broken down some of the noticeable pros and cons of the Exchange.
Pros👍
Security: The first and most important is security Which EXMO takes very seriously. EXMO implements various security features like Two-Factor authentication, Encryption, SSL and Cold Storage for funds.
User-Friendly Interface: It offers an easy to navigate user-friendly interface. Even a beginner can easily use EXMO and navigate it with ease.
Wide Range of Cryptocurrencies: EXMO supports a wide range of Cryptocurrencies, making it a more attractive option for scalp and day traders.
Low Fees: Compared to other exchanges it charges relatively low fees, making it an attractive option for both small traders and whales.
Multiple Payment Options: There are various payment options available on the platform, which include bank transfer, credit cards, and several e-wallets, making it easier for users.
Cons👎
Limited Geographic Coverage: Exmo is available in only a few countries, which limits its accessibility for some users.
Limited Liquidity: Trading volume is relatively low compared to large exchanges. That may result in less liquidity for some cryptocurrencies.
Security Concerns: Although EXMO takes security seriously. But it is still vulnerable to hacking attacks.
EXMO Review
Review and basic information of EXMO are as follows.
| Crypto Exchange Basics | EXMO |
|---|---|
| Official Name | EXMO |
| Exchange Representative (Founder) | Ivan Petukhovsky |
| Headquarters Location | UK |
| EXMO Launch Date | 2015-04 |
| Number of Tradable Crypto Pairs | 180 Pairs |
| Weekly Visits | 59,986 Users |
| Overall Rating | ⭐ 3.6 / 5.0 |
The rating result at the top is the result of Coin-Labs.com's overall evaluation of EXMO.
EXMO was rated in seven categories: fees, diversity and quality of the services provided, security capabilities, etc.
EXMO Fee 2024
The fees charged to you for transactions at EXMO are as follows.
| Maker/Taker Fees | EXMO Transaction Fees |
|---|---|
| Spot Maker Fee | 0.3% |
| Spot Taker Fee | 0.3% |
| Derivatives Maker Fee | No Service Provided |
| Derivatives Taker Fee | No Service Provided |
The fees shown in the table above are EXMO transaction fees charged to a regular user.
EXMO Trading Volume
Trading Volumes of EXMO are as follows. (Based on CoinMarketCap 2024-10-12 14:41:23 data)
| Trading Volume Items | EXMO Trading Volume |
|---|---|
| Daily Trading Volume (24h) | 51,515,607,547 KRW |
| Weekly Trading Volume (7d) | 421,338,837,173 KRW |
| Monthly Trading Volume (30d) | 1,751,125,317,594 KRW |
| Daily Volume Change (24h) | 2.13% |
| Weekly Volume Change (7d) | 1.60% |
| Monthly Volume Change (30d) | 0.18% |
Communicate with EXMO
You can check exchange's messenger and SNS information in the table below.
| Types | URL |
|---|---|
| https://twitter.com/Exmo_com | |
| 🎺 Messenger | https://t.me/exmo_official |
FAQs
Who founded EXMO exchange?
EXMO was founded in 2015 by Ivan Petukhovsky.
Where is EXMO located?
Currently, EXMO's headquarters is known to be located in the UK.
How many cryptocurrencies are tradable on EXMO?
If you join EXMO, you can trade a total of 180 crypto pairs.
How much is EXMO trading fee?
EXMO has a spot maker fee of 0.3% and a taker fee of 0.3%. On the other hand, the maker fee for futures trading is N/A and the taker fee is N/A. Please note that these fees are for regular users, and the higher your membership level within EXMO, the lower the fees.
How much is EXMO trading volume 24h?
EXMO's trading volume 24h is 51,515,607,547 KRW. Furthermore, the daily trading volume is showing a 2.13% change from the previous day.
How much is EXMO weekly trading volume?
EXMO's weekly trading volume is 421,338,837,173 KRW, with a total of 59,986 users. Furthermore, EXMO's weekly trading volume is showing a change of 1.60% from the previous week.
How much is EXMO monthly trading volume?
The monthly trading volume of EXMO is 1,751,125,317,594 KRW. Furthermore, this month's trading volume is showing a change of 0.18% compared to the previous month.
