Available Countries
  • UK, Australia, Europe (Show More)
  • Deposit Methods
  • Credit Card, Debit Card, Bank Transfer, Cryptocurrency (Show More)
  • Supported Currencies
    Exchange Type
  • Centralized Exchange (CEX)
  • Supports
  • FIAT to Crypto, Crypto to FIAT, Crypto to Crypto
Margin Trading
  • No
  • Built In Wallet
  • Yes
  • Compensation Scheme
  • No
  • Regulated
  • No
  • Minimum Deposit
  • Varies, Varies coin to coin, for BTC - 0.001BTC, for USDT - 1USDT
  • Deposit Fees
  • Varies (Show More)
  • Withdrawal Fees
  • Varies, Varies coin to coin, for BTC - 0.0005BTC (Roughly €2.50), for USDT - 5USDT (Show More)
  • Trading Fees
  • Varies, 0.2% Per trade and then it varies by payment method (Show More)
  • Limits
  • Varies, Varies by pair, for BTC/EUR - 1000BTC (Show More)
  • Verification
  • KYC Verification (Show More)
  • Jump to page contents

    EXMO Exchange Review

    EXMO is a UK-based cryptocurrency exchange which launched in 2013 by its parent company, EXMO Finance LLP. It is one of the largest cryptocurrency exchanges in Europe, with an average monthly trading volume of $ 1.5 billion. Even though the EXMO exchange offers lower liquidity than others, such as BitMEX, it is a good choice for inexperienced traders to start their cryptocurrency trading or investment.

    The exchange’s owner, EXMO Finance LLP, is a registered company and complies with the laws of England and Wales. While the exchange offers an online wallet to store its customers’ coins, it doesn’t provide any insurance, like Coinbase.

    EXMO’s trading interface is so simple that even a novice trader can buy cryptocurrencies with ease, just moments after creating the account.

    This EXMO review will cover the most important aspects of the exchange in order to provide you with an all-rounded detailed overview of its features and services. Although Cryptimi does its best to provide you with accurate information and updates its reviews on a regular basis, we strongly recommend that you to visit EXMO for any updates which might occur after the time of writing.

    Is EXMO Exchange Safe?

    EXMO Two-Factor Authentication
    Screenshots are shown for illustration purposes only. Actual product may vary.

    EXMO exchange is considered a safe platform to buy or trade cryptocurrencies. Even though it fell victim to a DDoS attack in 2017, no users lost their funds. Like all other exchanges, EXMO also provides 2FA (two-factor authentication) to prevent unauthorized access. It also allows users to add the list of trusted IP addresses to their account for better protection. With this system, users will be notified immediately if a login attempt is made using another device.

    EXMO Exchange

    EXMO Exchange
    Screenshots are shown for illustration purposes only. Actual product may vary.

    Today, apart from offering direct trading, EXMO operates an OTC trading facility, where trades are carried out by a professional broker. After creating the account, the users can buy cryptos either using fiat payment methods, including credit cards, wire transfer, SEPA etc, or by depositing Bitcoins or other Altcoins.

    EXMO Wallet

    As an EXMO user, you will have access to a web-based wallet where you can conveniently store your coins. Although suitable for short-term storage, this wallet is not as secure as hardware wallets, which offer a superior level of security and help prevent private key hacking. Since the exchange doesn’t offer insurance, users could potentially lose their funds in the unlikely event of a successful security breach. Hence, it is highly recommended to use hardware wallets like Ledger Nano S, Trezor etc for better security.

    EXMO OTC Services

    The platform includes an Over The Counter (OTC) trading facility, where applications are executed by a professional broker. In order to qualify for this service, transactions need to be larger than $100k, making this a particularly exclusive service.

    In addition, users considered to be VIP clients get access to special rates. The makeup of such users varies, but they tend to be ones who automate their own API trading, exchange offices, banks, mining companies, and hedge fund brokers.

    EXMO Account

    Any individual can create an account on EXMO and start trading immediately, depending on which payment method and currency is chosen to fund their account. The fees for different payment methods and cryptocurrencies are clearly detailed on the website.

    If you need to recover or reset your password, EXMO exchange allows you to do this easily. All you need to do is click on “Reset my password” and follow the instructions you get in your inbox.

    How to Sign Up on EXMO

    EXMO Sign Up
    Screenshots are shown for illustration purposes only. Actual product may vary.

    To create an account on EXMO exchange, all you need to do is:

    1. Navigate here and click ‘Sign up’ button on the top right of the page.
    2. Enter the username, email address, password and click ‘Register’ button after completing the captcha and agreeing to the terms.

    Within a few minutes, you should receive a confirmation email from the EXMO team. Click the link on that email to activate your account. If you don’t receive your email check your Junk email as it might have landed there.

    Congratulations! You have successfully created your account on the EXMO exchange.

    How to Log in on EXMO

    EXMO Login
    Screenshots are shown for illustration purposes only. Actual product may vary.

    To log in to your EXMO account, follow the below steps:

    1. Visit Exmo and click the ‘Sign In’ button on the top right of the page.
    2. Enter the email address, password and click ‘Sign In’ button after completing the captcha.

    Verification Requirements

    EXMO Verification
    Screenshots are shown for illustration purposes only. Actual product may vary.

    To deposit/exchange cryptocurrencies, you don’t have to submit any kind of documents. However, you will need to verify your identity by submitting relevant documents in order to buy cryptos using fiat currencies. In such a case, two documents are required, in order to confirm your:

    • Identity (passport, driving license or other government-issued ID)
    • Address (bank statement, utility bills, or other kinds of certificates issued by the government to verify the residency).

    Apart from the above documents, you should also download the Agreement from the EXMO website, sign each page and upload it onto your account.

    How to Deposit Funds on EXMO

    EXMO Deposit QR Code
    Screenshots are shown for illustration purposes only. Actual product may vary.

    In the EXMO exchange, users can deposit 6 different fiat currencies and 20+ cryptocurrencies. Follow the steps below to deposit funds on EXMO.

    Depositing Fiat Currency

    exmo payment systems
    Screenshots are shown for illustration purposes only. Actual product may vary.
    1. Log in to your EXMO account.
    2. Click the ‘Finance’ link located on the top of the page.
    3. Select the fiat currency and click the corresponding ‘Deposit’ button. In this example, EUR is chosen.
    4. Now, you will see all the payment methods for EUR on your screen. Select the desired payment method, click the link ‘Please pass the verification’ and follow the on-screen instructions to verify the payment method. Only then, can you deposit fiat currencies on EXMO.

    You can follow the above procedure to deposit any of the 6 fiat currencies using different payment methods.

    Depositing Cryptocurrency

    1. Follow Steps 1 and 2 mentioned in the above section.
    2. Select the digital currency and click the corresponding ‘Deposit’ button. In this example, BTC is chosen.
    3. Click the button ‘Create Address’.
    4. Now, you will be shown the wallet address to which you have to send your Bitcoins. Either you can copy the address or use the QR code on your personal wallet to send BTC.

    Your Bitcoins will be deposited immediately after 1 network confirmation. Likewise, you can deposit any cryptocurrency you like by following the above procedure.

    How to Buy Digital Currency on EXMO

    EXMO exchange offers two modes: Trading and Exchange. The trading mode is intended for experienced traders whereas the Exchange mode is ideal for the novice traders who are buying cryptocurrencies for the first time.

    The following examples show you how to buy different cryptocurrencies using VISA and the fiat currency is EUR. Before making your purchase you should ensure that you have verified your payment method and deposited the required funds into your account. Once the purchase has been completed the funds should reach your account within 30 minutes. For the below examples, the Exchange mode of EXMO is used.

    How to Buy Bitcoin (BTC) on EXMO

    1. Log in to your EXMO account and click ‘Exchange’ link located on the top left of the page.
    2. Select ‘EUR’ from the first drop-down box and enter the desired amount for which you would like to buy BTC. Then, it will show the number of Bitcoins you will receive.
    3. Click the ‘Exchange’ button.

    How to Buy Ethereum (ETH) on EXMO

    1. Log in to your EXMO account and click ‘Buy/Sell’ link located on the top left of the page.
    2. Click the ‘EUR’ on the top right of the page. Then, click the trading pair ETH/EUR.
    3. Below the trading graph, you will find two types of order: Limit order and Instant order. In this example, the Instant order is selected.
    4. Enter either the amount of EUR you would like to spend or simply enter the number of ETH you would like to buy and click ‘Buy ETH’ button.

    How to Buy Litecoin (LTC) on EXMO

    1. Log in to your EXMO account and click ‘Buy/Sell’ link located on the top left of the page.
    2. Click the ‘LTC’ on the top right of the page. Then, click the trading pair LTC/BTC.
    3. Below the trading graph, you will find two types of order: Limit order and Instant order.
    4. Enter the amount of BTC you would like to exchange and click the ‘Buy LTC’ button.

    How to Buy Bitcoin Cash (BCH) on EXMO

    1. Log in to your EXMO account and click ‘Buy/Sell’ link located on the top left of the page.
    2. Click the ‘BTC’ on the top right of the page. Then, click the trading pair BCH/BTC.
    3. Below the trading graph, you will find two types of order: Limit order and Instant order.
    4. Enter the amount of BTC you would like to exchange and click the ‘Buy BCH’ button.

    How to Cash Out on EXMO

    EXMO exchange supports withdrawal via both fiat currency and cryptocurrency.

    Fiat Currency

    Follow the below steps to withdraw your funds via fiat payment methods. Before placing your withdrawal request, you must ensure that the payment method is already verified.

    1. Log in to your EXMO account and click the ‘Finance’ link located on the top of the page.
    2. Select the fiat currency for withdrawal and click the corresponding ‘Withdraw’ button.
    3. Choose the payment method for withdrawal and follow the on-screen instructions to place your withdrawal request.

    Depending on the payment methods, your funds will be credited to your account within a few hours or days. If you would like to know the applicable fees, kindly visit the ‘Withdrawal Fees’ section of this review.

    Cryptocurrency

    Follow the steps below to transfer your funds to another crypto wallet. Before placing your withdrawal request, you must create a wallet account on exchanges like Coinbase or set up a cold storage wallet like Ledger Nano S or Trezor.

    1. Log in to your EXMO account and click ‘Finance’ link located on the top of the page.
    2. Select the cryptocurrency to withdraw and click the corresponding ‘Withdraw’ button.
    3. Enter the withdrawal amount, a valid wallet address and click the ‘Withdraw’ button.

    You should receive the coins in your wallet instantly, but depending on transaction volumes it may take up to an hour.

    Supported Cryptocurrencies

    EXMO exchange allows users to buy a large number of altcoins and cryptocurrency tokens. It offers trading pairs in 6 fiat currencies (EUR, USD, RUB, PLN, TRY, UAH) and cryptocurrencies as well.

    The cryptocurrencies listed on the exchange are given below:

    Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH), Dash (DASH), Ripple (XRP), Tether USD (USDT), Monero (XMR), Cardano (ADA), NEM (XEM), Dogecoin (DOGE), Waves (WAVES), Zcash (ZEC), KickCoin (KICK), Bitcoin Gold (BTG), Helbiz (HBZ), BitcoinZ (BTCZ), Datawallet (DXT), Storiqa (STQ), Stellar (XLM), MinexCoin (MNX), OmiseGO (OMG), TRON (TRX), Ink (INK), NEO (NEO), Gas (GAS), 0x (ZRX), Golem (GNT), Gemini Dollar (GUSD)

    Supported cryptocurrencies on EXMO change regularly, so you should always visit EXMO to ensure that the coin you are looking for is available.

    Supported Countries

    EXMO exchange accepts users from more than 170 countries all over the world.

    Supported

    EXMO accepts members from most countries including EU, UK, Australia, and Canada. US users, however, are not allowed to open an account with this exchange, and should instead create a Coinbase account.

    Excluded

    On EXMO’s user agreement page you can find a list of exclusions, including territorial, under Section 2.2.

    Exchange Fees & Limits

    EXMO Limit Order
    Screenshots are shown for illustration purposes only. Actual product may vary.

    Every cryptocurrency exchange will have its own fee structure and limits, and EXMO is no exception.

    Fees

    The fee structure on EXMO exchange is listed clearly on its website and it doesn’t have any hidden fees.

    Trading Fees

    EXMO Exchange charges a flat fee of 0.2% for every trade.

    As of 1st March 2019, EXMO announced that rates will triple to 0.6% if you conduct 3 or more EX-CODE creation in the Fiat currencies USD, EUR, PLN, TRY, UAH & RUB. The EX-CODE is an internal currency used by the EXMO exchange, which allows instant funds transfer and the ability to transfer every Fiat and Crypto asset.

    Note that the EX-CODE commission is only for the generation of Fiat currency, and other cryptocurrency EX-CODE generation will remain free.

    Deposit/Withdrawal Fees

    The deposit or withdrawal fees vary based on the payment method. Given below is the USD and EUR fee schedule different payment methods.

    exmo deposit fees
    Screenshots are shown for illustration purposes only. Actual product may vary.

    For crypto payments, the fee varies depending on the cryptocurrency. For example, there is no fee to deposit BTC whereas the withdrawal fee is 0.0005 BTC.

    Exmo Cryptocurrency Fees
    Screenshots are shown for illustration purposes only. Actual product may vary.

    To know the fees for other fiat currencies (RUB, PLN, UAH, TRY) and crypto payments, simply click on this link and scroll to the bottom:

    Fees & Limits
    Screenshots are shown for illustration purposes only. Actual product may vary.

    Limits

    Depending on the currency pair, EXMO has set minimum and maximum limits for quantity, price and amounts for which the user can buy cryptocurrencies.

    For example, the limits for BTC/EUR is given below:

    exmo limits
    Screenshots are shown for illustration purposes only. Actual product may vary.

    To know the limits for other trading pairs, simply go to the home page and scroll to the bottom (as shown in the previous section).

    Supported Payment Methods

    EXMO supports multiple payment methods for its members, including the below:

    • Cryptocurrency
    • VISA/MasterCard
    • Wire Transfer
    • Enfins
    • Perfect Money
    • Payeer
    • Rapid Transfer
    • SEPA
    • AdvCash
    • WebMoney
    • Qiwi

    Some of the payment methods will work only for particular fiat currencies. For example, Qiwi and Yandex money are available only for RUB. Hence, it is recommended to check out the Fees section in this review, or visit the official website of EXMO.

    EXMO Security

    Even though EXMO doesn’t provide advanced security features, it offers basic features like 2FA. Users can protect their account by setting 2FA via Google Authenticator (the most popular option) or SMS. In addition to this, users can add the list of trusted IP addresses which they will be logging on to the EXMO account.

    EXMO Customer Support

    EXMO exchange claims that it provides 24/7 support to its customers. Should you experience any issues with your account, you can contact their support team by going to the home page, and following the below steps:

    1. Scroll down to ‘Customer support’ (at the bottom)

    Exmo Customer Support (Bottom of Landing Page)
    Screenshots are shown for illustration purposes only. Actual product may vary.

    2. Create a new ticket with your query:

    Exmo Customer Support
    Screenshots are shown for illustration purposes only. Actual product may vary.

    Once you create your ticket, your query will be seen to by one of EXMO’s support agents.

    Alternatively, you can also send an email directly to [email protected]. There is an Online Chat option available on the website. However, it is mostly used to only discuss the issues among users and not with the support team of EXMO.

    For general inquiries, users may refer to the articles on the Knowledge Base section here.

    EXMO Referral Program

    exmo referral program
    Screenshots are shown for illustration purposes only. Actual product may vary.

    EXMO has recently introduced a referral program, where users can earn 25% commission on every transaction done by their referrals.

    In addition, the exchange also operates a cashback program, where you can get back up to 70% of the commissions you pay on the platform. To benefit from this feature all you need to do is:

    1. Deposit funds into your EXMO account
    2. Buу EXM in the trading pair EXM/BTC
    3. Buy at the Premium Cashback rate
    4. Trade using reduced commissions

    EXMO App

    Following a period of beta testing, the EXMO mobile app is available for download onto Android systems. With the app you are able to access a variety of features, including:

    • Registration / Authorization
    • Orders cancellation
    • Deposit of cryptocurrencies
    • Transactions history
    • View and place orders
    • Dark theme mode

    While the mobile app functionality will be reduced when compared to the web version, subsequent updates should bring both platforms closer together. Planned updates should include:

    • Cryptocurrency withdrawals
    • Fiat currency deposits and withdraws
    • Placing stop orders placing
    • User verification
    • User profile settings section (two-factor authorization, password change, generation of API keys, etc.)
    • Information block (news, articles, EXMOWIKI)
    • Push-ups notifications

    EXMO Coming Soon Features

    To know the latest updates about EXMO, check out their News Section, by scrolling down their main home page.

    Top Competitors

    • Coinbase (Fiat to Crypto Exchange)
    • Coinmama (Fiat to Crypto Exchange)
    • Binance (Crypto to Crypto Exchange)

    IEO Launchpad

    Exmo IEO Launchpad
    Screenshots are shown for illustration purposes only. Actual product may vary.

    As of 2019, EXMO has been encouraging businesses and organisations to launch their tokens with their new IEO Launchpad service. The exchange led the way with its own IEO for the EXMO native coin, EXM. In order to encourage early adoption, the exchange has been organising contests, where participants can win cash prizes and 100% cashback. More information about these promotions and upcoming IEOs can be found on the exchange’s social media pages.

    Merchant Services

    In order to facilitate the process of buying with Bitcoin and other cryptocurrencies, EXMO offers merchants a payment gateway service which includes a host of benefits. Apart from offering fast transactions and low fees, merchants will be secured with EXMO’s reputable security mechanisms and great merchant support services. Through a simple sign up form, merchants can start accepting crypto payments with ease.

    EXMO Review Conclusion

    One of EXMO’s best features is that it supports a wide range of payment methods and over 5 fiat currencies. Like most of the cryptocurrency exchanges, EXMO also offers basic security features like 2FA and IP pinning. In some cases, it charges higher than average fees, such as when you pay with Payeer and Yandex. Since it doesn’t support advanced trading features like margin trading, EXMO is best suited for novice traders or low-volume investors.

    Rating Score

    Pros

    • Supports 10+ payment options
    • 80+ trading pairs
    • Multi-language support
    • Supports 6 Fiat currencies (EUR, USD, RUB, PLN, UAH, TRY)
    • Transparent fee schedule
    • Can buy cryptocurrencies without submitting KYC verification

    Cons

    • Doesn’t support advanced trading options like Margin trading
    • High fees for fiat visa based payments
    • Supports a limited number of cryptocurrencies
    • US users not allowed

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