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What is Bitcoin? => Š”ryptocurrency exchanges => Topic started by: Bitcoin on Feb 26, 2021, 05:34 pm

Title: Exmo - EXMO is the most popular cryptocurre
Post by: Bitcoin on Feb 26, 2021, 05:34 pm
EXMO (https://exmo.com/?ref=1236378) Review
A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of EXMO (https://exmo.com/?ref=1236378) consists of four parts: general information, fees, deposit methods and security.

General Information
EXMO (https://exmo.com/?ref=1236378) is a British cryptocurrency exchange. United Kingdom is the country which without a doubt has the most cryptocurrency exchanges in the world. At least that we know of. A non-exhaustive list of exchanges from the UK (in addition to this one) includes CEX.io, CoinEgg, Livecoin, DSX, LocalTrade, Bittylicious (funny name by the way), CoinMate, Indacoin, MixCoins, Paybis, Vaultoro, Instant Bitex and eToro.

The EXMO (https://exmo.com/?ref=1236378) exchange platform has two different modes of trading; The Exchange Mode and The Trades Mode.

EXMO (https://exmo.com/?ref=1236378) designed The Exchange mode for the beginners in the market. It is less complex and easier to use. This mode is good for you if you want to "buy and hold" Bitcoin or any other cryptocurrency. In the Exchange Mode, the user is probably less interested in understanding the details of the process. It is, however, not the recommended mode for e.g. day-trading. Here's a look at the Quick Exchange-mode

The Trades Mode, on the other hand, is for those who want to buy or sell cryptocurrency/fiat currency and have experience in trading on similar platforms. The users of the Trades Mode are likely very interested in trading as well as in the additional tools for in-depth trading (see picture of trading view in Trades Mode below). Therefore, every user can choose the trading mode which best suits them.

This coin exchange not list US-investors as prohibited from trading, but US-investors should do their own independent assessment of any problems arising from their residency or citizenship.

EXMO (https://exmo.com/?ref=1236378) Trading View
Different exchanges have different trading views. And there is no "this overview is the best"-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at EXMO (https://exmo.com/?ref=1236378)

EXMO (https://exmo.com/?ref=1236378) Fees
EXMO (https://exmo.com/?ref=1236378) Trading fees
This cryptocurrency exchange doesn't charge different fees between takers and makers. Their fee model is instead something called a "flat fee model". For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model.

EXMO (https://exmo.com/?ref=1236378) offers a flat trading fee of 0.40%. 0.40% is a bit above the global industry average, which has historically been around 0.25% but is now moving even lower, towards 0.10%-0.15%. If your trading volume during the preceding 30-day period exceed certain thresholds, your trading fees will become lower. But, the starting point is always 0.40%. Here's a table of the available trading fee discounts

EXMO (https://exmo.com/?ref=1236378) Withdrawal fees
EXMO (https://exmo.com/?ref=1236378) charges a withdrawal fee amounting to 0.0004 BTC when you withdraw BTC. This is below the global industry average. The global industry average BTC-withdrawal fee the last time we at Cryptowisser did a full-blown empirical study of it was approx. 0.0006. But today, we see more and more exchanges charging 0.0005 BTC per BTC-withdrawal, so one could argue that 0.0005 BTC is starting to become the new industry average.

In any event, 0.0004 BTC per BTC-withdrawal is below the industry average.

Deposit Methods
At EXMO (https://exmo.com/?ref=1236378), you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors.

EXMO (https://exmo.com/?ref=1236378) is a British cryptocurrency exchange. The platform was established in 2014 and is constantly expanding its functionality, adding new assets to the listing, and, most importantly, increasing the number of customers.

More than six years of operation without data leaks and hacks, flexible commissions, and fast technical support.

EXMO (https://exmo.com/?ref=1236378) exchange is registered in London, with offices in London, Moscow, and Kyiv, and employs a project team of 150+ people.

Fast deposits and withdrawals - Funds will be credited to your account right after making a deposit.  Withdrawals are quick and are executed automatically.

Security - SSL, 2 factor authentication, Trusted IP, Encrypted system in cold wallets.

User-Friendly - Interface Straight-forward interface allows you to easily and comfortably work from your wallet, to trade, exchange, make transactions, and store your cryptocurrency.

What is EXMO (https://exmo.com/?ref=1236378) Exchange?
Unlike the giants like Binance or Bitfinex, EXMO (https://exmo.com/?ref=1236378) is currently a relatively small cryptocurrency exchange. Founded in 2013, EXMO (https://exmo.com/?ref=1236378) is located in the UK with headquarters in Polegate, England. While we were preparing this review, EXMO (https://exmo.com/?ref=1236378) has almost reached an important milestone of 1.5 million users coming from 170 countries globally. However, EXMO (https://exmo.com/?ref=1236378) shows quite modest figures of 39990 active traders and only 6022 BTC 24h volume.

Oftentimes, there is a certain distrust surrounding small crypto exchanges, as lack of spotlight makes it difficult to confirm the legitimacy of such businesses. Fearing that EXMO (https://exmo.com/?ref=1236378) would not be an exception, we decided to verify the available information. Although there is no necessity of having the license or regulation outside the US, we did not find any info about the partnerships, company's management etc. Therefore, is EXMO (https://exmo.com/?ref=1236378) legit? We would not make such a conclusion about the firm's transparency but one should be aware.

How Secure is EXMO (https://exmo.com/?ref=1236378)?
Another significant issue for each crypto exchange is the degree of security. When examining EXMO (https://exmo.com/?ref=1236378) in this regard, we found out that the exchange allows setting up 2FA as well as designating the specific IP Adress for authorized transactions. That's basically it. As for the way EXMO (https://exmo.com/?ref=1236378) stores the clients' money, the exchange does not reveal such information. However, it is known that EXMO (https://exmo.com/?ref=1236378) provides the wallets for its users to keep the virtual currency. One can assume that the exchange does not have cold storage facilities to ensure the high degree of security.

So, is EXMO (https://exmo.com/?ref=1236378) safe? Although EXMO (https://exmo.com/?ref=1236378) does not have any record of past hackings (likely due to being a small business), we believe there are more secure cryptocurrency exchanges on the market other than EXMO (https://exmo.com/?ref=1236378), e.g. Kraken.

Opening an Account at EXMO (https://exmo.com/?ref=1236378)
EXMO (https://exmo.com/?ref=1236378) keeps the registration simple. In fact, the account can be created within 1 minute. No verification is required upon the account opening, but this may be useful to make for other purposes. More specifically, EXMO (https://exmo.com/?ref=1236378) grants the access to additional services such as bank transfer services (SEPA/Wire Transfers), Skrill, Neteller, Payza, USD and EUR cash withdrawal to the bank card.

EXMO (https://exmo.com/?ref=1236378) Payment Options
As this EXMO (https://exmo.com/?ref=1236378) review figured out, there are multiple payment options offered at this exchange. The user can deposit with credit/debit cards and bank transfers using 5 fiat currencies (USD, EUR, RUB, UAH, PLN),  e-wallets (as mentioned above) as well as cryptocurrencies such as BTC, LTC, DOGE, DASH, ETH, WAVES, ZEC, USDT, XMR, XRP, KICK, ETC, BCH, BTG, EOS, HBZ, BTCZ, DXT, STQ, XLM.

For all transactions, EXMO (https://exmo.com/?ref=1236378) may charge fees that depend on the payment method. Generally, they range from 0% to 8%.  While all other funding methods incur a commission for the transaction, making deposits with cryptocurrencies is mostly free, although there are exceptions like 5 USDT, 65 HBZ, 20 DXT and 100 STQ. However, the withdrawal fees apply to all virtual currencies. For example, for Bitcoin it would be 0.0005 BTC.

Supported Cryptocurrencies
At the time of this EXMO (https://exmo.com/?ref=1236378) review 2018, the exchange allows trading 63 currency pairs linked to BTC, ETH, XRP, LTC, USD, EUR, and RUB. For all the deals conducted on EXMO (https://exmo.com/?ref=1236378), the exchange charges a flat fee of 0.2%. Such fee policy generally makes EXMO (https://exmo.com/?ref=1236378) slightly more expensive than the peers.

EXMO (https://exmo.com/?ref=1236378) Trading Platform Review
For buying and selling the cryptocurrency, EXMO (https://exmo.com/?ref=1236378) designed its proprietary trading platform. It is entirely web-based, with the mobile applications available for iOS and Android.

Overall, EXMO (https://exmo.com/?ref=1236378) trading platform is easy-to-use, with all the functionality displayed on the single screen. It provides basic charts (price and volume), with 4 timeframes only - day, week, month and year. Also, traders can post two types of orders, i.e limit, and instant. As an extra feature, on the trading platform, there is a live chat where EXMO (https://exmo.com/?ref=1236378) traders can freely communicate with each other. On top of that, the platform is accessible in 11 different languages, which is a rarity among the crypto exchanges.

EXMO (https://exmo.com/?ref=1236378) Bonus
In order to increase its clientele, EXMO (https://exmo.com/?ref=1236378) encourages its existing users to join the referral program. EXMO (https://exmo.com/?ref=1236378) allows receiving 25% of EXMO (https://exmo.com/?ref=1236378)'s commission for every exchange transaction the referred person carries out. In other words, the program participants will get the 25% of 0.2% flat fee applied to the transaction.
Title: Re: Exmo - EXMO is the most popular cryptocurre
Post by: Bitcoin on Feb 26, 2021, 05:34 pm

EXMO Exchange Review 2020
Title: Re: Exmo - EXMO is the most popular cryptocurre
Post by: Bitcoin on Feb 26, 2021, 05:35 pm

EXMO CRYPTOVALUTA EXCHANGE: REVIEW, UITLEG EN CRYPTO PRAAT!