Exmo Exchange Announces New Commission Rates

Exmo Exchange Announces New Commission Rates

The online cryptocurrency exchange Exmo has been busy this week updating its service and in the last few days, some important news surrounding commissions has been announced. 

Free Tether Deposits

If we first kick off with the best news, which surrounds Tether (USDT). As of last Sunday, Exmo has removed all commission on deposits via Tether, this means that players can now deposit via Tether to their Exmo Exchange account for free.

This is excellent news for those out there looking to trade via the controversial currency. If you want the full details on this then you should check out the financial terms and conditions on their website.

Qiwi and Yandex Money Deposit Commissions Drop

There is also good news for players who are looking to make deposits to Exmo via Russian payment services, Yandex Money and Qiwi. Although there is still a levy on these deposits. As of this morning (13/02/2019), these commissions have been lowered by quite a significant amount.

Qiwi will now come with a 2.45% commission fee, which is more than a 1.50% drop from 3.95%. While Yandex Money has dropped down by 1% from 3.45% to 2.45%. These are very respectable drops, so it is ideal for players who were looking to deposit via these methods in the very near future.

Fiat Currencies EX-Code Commissions Increase

The biggest revelation though, is that next month will see an introduction of commission fees for major fiat currencies looking to generate EX-CODE, the internal currency of the EXMO platform. The affected currencies will be USD, EUR, PLN, TRY, UAH, RUB.

While rates of the commission still remain the very low amount of just 0.2% if you make up to 2 operations over a one day.  They will triple up to 0.6% if you opt to conduct more than 3 operations a day. These rates will be introduced as of 1/3/2019.

This does not stretch across their service though, and you will still be able to generate EX-CODE for cryptocurrency assets and move them between accounts with no commission attached. While all other fiat currencies will remain free from commission.

EX-Code has been applauded for the benefits it offers players using the Exmo service, such as the instant transfer of funds to the account and the ability to transfer any fiat and cryptocurrency assets with optimal ease. It has contributed largely to Exmos popularity since its launch.

With such a minimal increase it is unlikely to put too many people off using the service at this time, especially with simultaneous decreases happening with other currencies. However, it remains unclear why exactly so many changes are being made to their trading functions this week.

In a blog post on Exmo’s website, co-founder, Ivan Petukhovsky explained the fiat increase was “to ensure the active development and maintenance of EX-CODE functionality.” Although this doesn’t shed much light on the situation, we will keep our ears to the ground and keep you updated with any developments on this topic.

You can read more about Exmo Exchange’s service here.

Recently Similar News

casinoin-promotion etoro-promotion

Latest Guides

Latest News

Cryptocurrency,Exchange Platforms,EXMO

Wirex Token Beats WinK in EXMO Listing Comp

For the last 2 weeks, users of EXMO have been voting for their choice for the next new token to be added to their platform. Yesterday the voting ended with Wirex token coming out on top of the pile. The token of the gaming platform, WinK beat the digital payment service token, Wirex, on social […]

8 July, 2020
Bitcoin,Crypto Wallets,Cryptocurrency,Trezor

BTC Direct Now Integrated on Trezor

Trezor have integrated BTC Direct onto their wallet which will make it easier for traders to buy bitcoin in Europe. You will find the new option within the wallets existing Buy Feature which, as you can infer, is the part of the wallet that helps you purchase cryptocurrencies. However, this feature will now be cheaper, […]

8 July, 2020
Cryptocurrency,Exchange Platforms,Kraken,UK

Crypto Facilities Receives MTF Licensing

A subsidiary of leading exchange platform, Kraken called Crypto Facilities has received a Multilateral Trading Facility (MTF) license from the Financial Conduct Authority (FCA). The obtainment of the MTF license makes them the first cryptocurrency company to hold this license and will allow them to expand its product range and better serve institutional clients that […]

7 July, 2020
Cryptocurrency,Exchange Platforms,EXMO

EXMO Coin’s Third Quarterly Burn Completed

Last week, EXMO conducted the latest burn of their native, EXMO Coin (EXM). This was the third such burn of the token following its launch last year. Taking place on the 2nd July 2020, the event saw 2,092,034.65 EXM burned in accordance with the whitepaper of the token. As per the platform, “we commit to […]

7 July, 2020
Binance,Cryptocurrency,Exchange Platforms

Binance Now Supports PoS Staking

Binance has added a series of new features to their staking service thanks to new support being offered by Binance Pool. Thanks to the new updates, Binance have stated that it is now possible to stake more “high market value tokens as the PoS market” among other benefits to be rolled out for users. The […]

6 July, 2020
CFD Trading Platform,Plus500,Trading

CFD Highlight Events to Watch Out For This Week

Plus500 and Trade.com have both taken to their social media pages to inform users of the events they should look out for this week. The weekly heads up of the big events that will affect trading has been a regular occurrence from these CFD platforms over the last few weeks. These short and snappy lists […]

6 July, 2020
CoinEx,Cryptocurrency,Exchange Platforms

CoinEx List GNO and AST

In the latest in a long list of newly added tokens, CoinEx has expanded its service to include both AirSwap (AST) and Gnosis (GNS). The two tokens went live at the latter end of the last week, going live on Thursday and Friday respectively. Airswap aims to facilitate buying and selling of tokens and, as […]

5 July, 2020
Crypto Wallets

Guarda Set to Begin Mobile App 2.0 Beta Testing

The crypto wallet provider, Guarda are to set to launch the updated version of their mobile app. Ahead of this, they will be rolling out Beta Testing to ensure everything runs smoothly when it hits the market. This Beta testing will beckon in the 2.0 version of the app which will be available on both […]

5 July, 2020