3.5/5
Available Countries
  • Worldwide, UK, USA, Australia, Europe (Show More)
  • Deposit Methods
  • Credit Card, Debit Card, Bank Transfer, Cryptocurrency (Show More)
  • Supported Currencies
  • Euro, USD, GBP, AUD, Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Tether (USDT), TRON (TRX), Monero (XMR), EOS, Stellar (XLM), DASH, NEO, Ethereum Classic (ETC), 0x (ZRX), QTUM, Litecoin (LTC)
  • Exchange Type
  • Centralized Exchange (CEX)
  • Supports
  • FIAT to Crypto, Crypto to FIAT, Crypto to Crypto
  • Margin Trading
  • No
  • Built In Wallet
  • Yes
  • Insured Funds
  • No
  • Regulated
  • Yes
  • Minimum Deposit
  • Varies, Varies coin to coin, for BTC - 0.001BTC, for USDT - 1USDT
  • Deposit Fees
  • Free (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 contentsdropdown-arrow

    EXMO Exchange Review

    EXMO, a UK based Bitcoin Exchange was launched in the year 2013 by EXMO Finance LLP. It is one of the largest cryptocurrency exchanges in Europe with an average monthly trading volume of 1.5 Billion USD. Even though EXMO exchange offers lower liquidity than exchanges like BitMEX, it is a good choice for inexperienced traders to start their cryptocurrency trading/investment. The exchange is owned by EXMO Finance LLP which is a registered company and complies with the laws of England and Wales. Even though the exchange offers an online wallet to store the coins of its customers, it doesn’t provide any insurance like Coinbase does.

    The trading interface of EXMO exchange is so simple that even a novice trader can easily buy cryptocurrencies immediately after creating the account.

    This EXMO review will analyse several aspects to provide you with an all rounded detailed overview of the exchange and its services. Although Cryptimi does its best to provide you accurate info and to update it on regular basis, we strongly recommend that you to visit exmo.com for any updates which might occur after the time of writing.

    Is EXMO Exchange Safe?

    EXMO Two-Factor Authentication

    EXMO exchange is considered a safe platform to buy/trade cryptocurrencies. Even though there was a DDoS attack in 2017, no coins have been stolen. Like all other exchanges, 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.

    EXMO Exchange

    EXMO Exchange

    The exchange is not a broker as it doesn’t store Bitcoins or other altcoins. It is a cryptocurrency trading platform which allows the users to buy/sell the most popular digital currencies. After creating the account, the users can buy cryptos either using fiat payment methods like Credit card, Wire transfer, SEPA etc or by depositing Bitcoins or other altcoins.

    EXMO Wallet

    EXMO exchange does offer a web-based wallet to store your coins. But, web-based or online wallets are always associated with risk factors like private key hacking. Because the exchange doesn’t offer insurance, the users will lose all their funds, if the exchange security is compromised. Hence, it is highly recommended to use hardware wallets like Ledger Nano S, Trezor etc for better security. Alternatively, the users can also store the coins on the most secure exchange online wallet, on Coinbase.

    EXMO Account

    Any individual can create an account on EXMO and start trading immediately. (Applicable only for crypto payments). The fees for different payment methods and cryptocurrencies are listed clearly on the website. EXMO exchange allows the users to reset/recover the password. If the user loses his password, he can reset it by following the instructions sent to his email address.

    How to Signup On EXMO

    EXMO Sign Up

    To create an account on EXMO exchange, do the following:

    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.

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

    How to Login On EXMO

    EXMO Login

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

    1. Navigate their site and click ‘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

    To deposit/exchange cryptocurrencies, users don’t have to submit any kind of documents. However, users must verify their identity by submitting relevant documents in order to buy cryptos using fiat currencies. They should upload two documents: Identity (passport, driving license or other government-issued ID) and Address (Bank statement, Utility bills, or other kinds of certificates issued by the government to verify the residency).

    Apart from the above documents, the users should also download the Agreement from the EXMO website, put their signature on all the pages and upload that signed agreement in order to complete the verification process.

    How to Deposit Funds On EXMO

    EXMO Deposit QR Code

    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 Deposit Fiat Currency

    1. Login 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, you can 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 the 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 the 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.

    How To Buy Bitcoin (BTC) On EXMO

    This example shows how to buy Bitcoin (BTC) using a VISA card and the fiat currency used is EUR. Before starting to buy, you should ensure that you have verified your payment method and deposited the required funds on to your account. In this example, the Exchange mode is selected.

    1. Login 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 ‘Exchange’ button.

    Congratulations! You have placed your first order for Bitcoins. You should receive them on your wallet within 5-30 minutes once the transaction gets completed.

    How To Buy Ethereum (ETH) On EXMO

    This example will show you how to buy Ethereum (ETH) using a VISA card and the fiat currency used is EUR. Before starting to buy, you should ensure that you have verified your payment method and deposited the required funds on to your account. In this example, the Trading mode is selected.

    1. Login 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.

    Congratulations! You have placed your first order for Ethereum. You should receive them on your wallet within 5-30 minutes once the transaction gets completed.

    How To Buy Litecoin (LTC) On EXMO

    This example shows how to buy Litecoin (LTC) using BTC. It is assumed that the user has already deposited the Bitcoins on their account. If not, kindly follow the guide above.

    1. Follow Step 1 on the section how to buy Ethereum.
    2. Click the ‘LTC’ on the top right of the page. Then, click the trading pair LTC/BTC.
    3. Follow Step 3 on the section how to buy Ethereum.
    4. Enter the amount of BTC you would like to exchange and click the ‘Buy LTC’ button.

    Congratulations! You have placed your first order for Litecoins. You should receive them on your wallet within 5-30 minutes once the transaction gets completed.

    How To Buy Bitcoin Cash (BCH) On EXMO

    This example shows how to buy Bitcoin Cash (BCH) using BTC. It is assumed that the user has already deposited Bitcoins in their account.

    1. Follow Step 1 on the section how to buy Ethereum.
    2. Click the ‘BTC’ on the top right of the page. Then, click the trading pair BCH/BTC.
    3. Follow Step 3 on the section how to buy Ethereum.
    4. Enter the amount of BTC you would like to exchange and click the ‘Buy BCH’ button.

    Congratulations! You have placed your first order for Bitcoin Cash. You should receive them on your wallet within 5-30 minutes once the transaction gets completed.

    How To Withdraw On EXMO

    EXMO Withdrawal

    EXMO exchange supports withdrawal via 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. Login to your EXMO account and click ‘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. For the fees applied, kindly visit the ‘Withdrawal Fees’ section of this review.

    Cryptocurrency

    Follow the guide 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. Login 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 will receive the coins in your wallet instantly or within a few minutes 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 Countries

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

    Supported

    EXMO accepts members from a lot of countries including EU, UK, US, Australia, and Canada.

    Excluded

    On its official website, no information is given about the list of countries where EXMO is not available.

    Exchange Fees & Limits

    EXMO Limit Order

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

    EXMO Fees Updated

    EXMO EUR Fees Updated

    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

    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

    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:

    Minimum and Maximum Limits Table

    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, which are given below:

    • Cryptocurrency
    • VISA/MasterCard
    • Wire Transfer
    • Jeton
    • Perfect Money
    • Neteller
    • Skrill
    • Payeer
    • Rapid Transfer
    • SEPA
    • AdvCash
    • MisterTangoSEPA
    • YandexMoney
    • WebMoney
    • Qiwi

    Some of the payment methods will work only for a particular fiat currency. For example, Qiwi and Yandex money are available only for the 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 (most popular option) or SMS. In addition to that, users can add the list of trusted IP addresses using 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)

    2. Create a new ticket with your query:

    Exmo Customer Support

    Then 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 support@exmo.com. There is an Online Chat option available on the website. However, it is mostly used to only discuss the issues among the users and not with the support team of EXMO.

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

    EXMO App

    This feature is not available yet.

    EXMO Coming Soon Features

    • EXMO is developing both a desktop and a mobile application for its trading platform.

    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)

    EXMO Review Conclusion

    The good thing is that EXMO supports a wide range of payment methods and accepts more than 5 fiat currencies. Like most of the cryptocurrency exchanges, EXMO also offers basic security features like 2FA and IP pinning. Regarding the fees, it charges high fees for some of the fiat payment methods like Payeer and Skrill. Since it doesn’t support advanced trading features like margin trading, EXMO exchange is best suited for novice traders than serious traders, however one can’t deny the nice interface.

    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
    • Supports customers worldwide

    Cons

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

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