Exmo Exchange Review – A Detailed Review On Exmo

About Exmo Exchange

Exmo is a crypto currency exchange that works on the concept of Blockchain technology. The exchange supports many cryptocurrencies such as Bitcoin, Litecoin, Dogecoin, Dash, and Ethereum etc. The fiat currency acceptable on this platform is USD, EUR, RUB, and UAH. The website can be accessed in 11 different languages which benefit the users who have joined the platform from different countries.

A user can trade in either crypto-to-crypto or crypto to fiat currency. The exchange has on boarded almost 500,000 users from over 200 countries so far for trading and exchange.

Features of Exmo Exchange

Exmo exchange team has experienced developers from Spain, Russia, India, and Thailand. Exmo has some really powerful investors from countries such as Britain, USA, Lithuania, and Singapore.

Exmo provides humungous payment options to its user thus making it convenient for funding the Exmo accounts, deposits etc. The trading engine is efficient, fast and equipped with the latest technology thereby making the transactions instant.

There is also an interesting feature called Exmo wiki which kinds of answer every question related to this platform. There is information concerning Bitcoin and other crypto currencies, how to trade and exchange etc.

The company provides complete assistance to its users through online chats and email ID or raising tickets. Thus, a customer can raise queries regarding trading and exchange by using one of the above methods. Exmo takes an attempt to deal with each client individually.

The account registration is free of cost and does not require any verification. The processing fee on the transaction is very minimal and accounts for only 0.2%. Thus, a user can make a fair amount of investments in return for profits.

Security at Exmo

Exmo follows various guidelines and policies when it comes to account security. The company exhibits strict Anti-money Laundering (AML) and Counter terrorist financing (CTF). Thus protecting the digital currency against cyber crimes and also eliminate the risk of volatility. The wallets are secured offline and the data on servers is encrypted. There is also protection against DDoS.

EXMO Account Verification

Although cryptocurrency trading does not require account verification. But Fiat currency trading has to be done with a verified account. The user has to provide Identity and Address proof. Along With it, the user has to sign a user agreement and upload it to complete the verification process.

Is Exmo Reliable?

Users consider EXMO exchange as a safe platform to buy/trade cryptocurrencies. There was a DDOS hack attempt in 2017, but coins were not stolen. Exmo has strengthen its authorisation. EXMO also provides 2FA (Two-factor authentication) to prevent unauthorized access. It also allows the users to add the list of trusted IP addresses to their account for better protection. And, the system will notify the user immediately if the login is made using any other devices.

Other exchanges to know: BitMarket, CEX.IO, Coinsecure, Cryptopia, Bittrex, BitBay

Exmo Wallet

EXMO exchange offer a web-based wallet to store your coins. However, the exchange does not offer insurance for the wallet. The users will lose their currencies in case of any attack. It is advisable to use Hardware wallets like Ledger Nano S for better security. 

Recently, EXMO Wallet integrated Ledger Live Wallet App. This app allows storing and managing cryptocurrencies in one place

How to register a new account on Exmo?

In order to register a new account, log on to www. exmo.com. The user can then click on the tab “Sign up”. Enter the details such as login, mail ID, and create a password. Click on the tab “register”. A verification mail goes to the registered email ID to activate the account.

Once the login is successful, the user will have to go through three verifications i.e. Identity verification, address verification, and agreement verification. Identity verification requires first and last name, date of birth, ID document number and series etc.

Address verification requires address, city, country, postal code, and supporting document with the date. Agreement verification has a document uploaded on the website itself. It has to be printed and signed by the user, which is then uploaded again to complete the verification process.

EXMO Trade View

EXMO comes with 2 trade views. One if for a Novice trader while second is for Advanced trader.

Here is a preview of Trade (Basic version)

Have a look at Trade New( Advanced Version) It has various options in the toolbar to get detailed report

Buy/Sell at Exmo

Before a user can begin with trading and exchange, the Exmo account needs to get fund by using one of the many payment options available. The funding could be in the following currencies i.e. EUR, RUR, UAH, and USD. Once the account has enough balance, the user can begin with new orders.

In order to buy and sell, the user can select the type of order i.e. instant order or limit order then select the amount he is ready to invest and place the order.

Before placing the order, the user can go through different market analysis tools such as real time pricing of different crypto pairs under different timelines such as minutes, hours or days. The user can also check the last 24-hour trading volume and the highest and lowest price of the day.

EXMO Coin

EXMO Coin (EXM) was launched in July 2019. with the introduction of EXM, the plan is to integrate the token into the EXMO internal ecosystem. This will lead into acceptance of EXM tokens in leading payment systems and cryptocurrency wallets. The token listing will proceed in three stages. 

EXMO Future Plans:

EXMO released a whitepaper in July 2019. According to the paper, these are the enhancements listed. However, no proper time is set for these developments.

  • Margin Trading
  • Complex Orders
  • Mobile App

Conclusion

The EXMO exchange is convenient, safe, and easy to use, supports more than 12 interface languages and, what is very important, works with 6 Fiat currencies and different payment systems worldwide. Users often safely recommend using this exchange for trading and for additional earnings with cashback and affiliate program. 

The post appeared first on Coinpedia

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