In this article, we are going to discuss about exmo cryptocurrency exchange based in UK relatively small and founded in 2013.
The Trading volume of Exmo cryptocurrency exchange is particularly smaller as compared to other online exchanges but it does offer something to gain attention that is fiat currencies which include USD,Euro,RUB and UAH also while it also supports bitcoins and many alternative coins as usual.
Doing business on exmo exchange is easy due to its easy User interface you can easily buy,sell and exchange currency on exmo but it does not have vast option so margin traders this may not be your gig.
Exmo Cryptocurrency Exchange
Practically the website is easy to use and also gives option of a wallet to store your just bought cryptocurrencies using exmo exchange which is not recommended by us you should use official wallets to store your cryptocurrency such as blockchain.info
So overall the website is secure and easy to navigate for newbies specially but servers do hang some time.
Supported Currencies and Countries
The fiat currencies that are supported are dollars,euro,ruble and Ukrainian hryvnias (UAH) and you can trade on:
- Bitcoin (BTC)
- LiteCoin (LTC)
- DogeCoin (DOGE)
- Dash (DASH)
- Ethereum (ETH)
- Waves (WAVES)
- Monero (XMR)
- Ripple (XRP)
- Tether (USDT)
- Zcash (ZEC)
- KickCoin (KICK)
- Ethereum Classic (ETC)
- Bitcoin Cash (BCH)
Apart from that USD and EUR can also be exchanged as well through Exmo exchange. It offers good list of alternative coins to trade on and making a deposit on exmo is quite simple it accepts credit cards as well as wire transfer and for withdrawal the great PayPal can be used. Usually deposits are quick but depends on your location and payment methods.
Exmo is available in most countries. The website is available in 11 different languages: English, French, German, Spanish, Portuguese, Italian, Chinese, Russian, Romanian, Polish and Ukrainian.
Exmo Cryptocurrency Exchange Fees
Due to its vast range of payment options it has selective type of fees structure. When you are making a deposit or withdraw there is a 0.2% fee via any method you choose.
Depositing cryptocurrencies on exmo has no fees except for KICK and withdrawing currencies comes differently like Bitcoin (BTC) – 0.001 BTC Litecoin (LTC) – 0.01 LTC Dogecoin (DOGE) – 1 DOGE Dash (DASH) – 0.01 DASH Ethereum (ETH) – 0.01 ETH Waves (WAVES) – 0.001 WAVES Zcash (ZEC) – 0.01 ZEC Tether (USDT) – 5 USDT Monero (XMR) – 0.05 XMR Ripple (XRP) – 0.02 XRP KickCoin (KICK) – 25 KICK Ethereum Classic (ETC) – 0.01 ETC Bitcoin Cash (BCH) – 0.001 BCH.
If you choose to deposit usd there is a 2% + $20 wire transfer fee. You can also use paypal to deposit while its free but at withdrawal it has 3% transaction fee.
Paying with euro causes 25 euro fees. There are cheaper methods if you want you can choose other methods or cryptocurrency it is best to use paypal.
Credit card deposit is free for all currencies but withdrawal has got some fees.
Reviews about Exmo Exchange
As it is a small exchange it was hard to find reviews and some founded were paid so there is yet a little bit of speciousness.
The customer support is 24/7 that is also good but they do give a very quick response often few words without even a full explanation maybe they are busy or to much pressure .
Users should stay cautious and try those exchanges who are more old and reputable because its a matter of finance so you have to stay secured.
That’s the wrap guys so it may be a valid exchange to try for relatively small time traders. Currency support is better then many other big time exchanges and it provides a lot of options while depositing or withdrawing but due to it being a small time exchange and not gaining that amount of trust it is somewhere in the middle of yes or no from us.