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. 

Tether Deposits Now Free

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, meaning that now players can deposit via Tether to their Exmo Exchange account for absolutely 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 on a similar tangent for players who are looking to make deposits to Exmo via Russian payments 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 Commisons Increases

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 due to 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 decreases happening with other currencies concurrently . 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 ear 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

cex-promotion exmo-promotion

Latest Guides

Latest News

BitPanda CEOs Win Entrepreneur of the Year Award

Paul Klanschek and Eric Demuth, the two CEOs of BitPanda, have taken home the Entrepreneur of the Year in an event hosting by world-leading accountancy firm, Ernst and Young. The prize follows a very exciting year for the exchange platform. 2019 saw them host the highest ever recorded IEO of their native, BEST token, as […]

22 October, 2019
CFD,Exchange Platforms,Expansion,Trading

Trade.com Expands into UK and Irish Markets

The CFD trading platform, Trade.com yesterday beckoned in a new dawn of operations by setting up shop in the UK and Ireland. The expansion into this new market comes as the platform sets-up shop in one of the financial hubs of the world, London. This will see the CFD platform become more accessible to users […]

22 October, 2019
Binance,Bitcoin Cash,Decentralised,Pegging

Bitcoin Cash to Become Latest Pegged Token On Binance Chain

Following the listing of Bitcoin Cash (BCH) on the Binance DEX, a new token known as BCH-1FD tokens, which is pegged to the value of BCH, will be created on the Binance Chain. This promises to provide users of the Binance DEX with more trading options on the exchange, while maintain they continue to obtain full custody over their […]

21 October, 2019
KuCoin,Pairings,Tron,Updates

KuCoin Adds TRX Trading Market

The expanding cryptocurrency exchange, KuCoin has listed pairings for Tron on their platform which will see them dive develop their operations with Tron. This new trading market will go live later today, October 21st, at 18:00 (UTC+8) with the trading pairs of BTT/TRX and WIN/TRX being added. While trading of TRX on the platform has […]

21 October, 2019
Blockchain,Learn,Malta

The University of Malta To Offer a Masters in Blockchain

It is now possible to get a certified degree in blockchain and distributed ledger technology at the University of Malta. Malta has been recently establishing itself as very much the hub of cryptocurrency in Europe. The small Mediterranean island has been one of the first locations on the continent to provide the infrastructure for the […]

20 October, 2019
cryptocurrency hedge funds,Custodian,Fidelity,Updates

Crypto Custody Services From Fidelity Set to Launch

In a new interview, the CEO of Fidelity Investments has announced the roll-out of their much-anticipated crypto custody service. Speaking to The Financial Times, CEO, Abigail Johnson explained that after year-long preparation it was ready to venture into this new area of cryptocurrency investment. This was described by Johnson as “enterprise-quality custody and trade execution […]

19 October, 2019
BitPanda,Europe,Finance,Payment Solution

You Can Now Send Money & Pay Bills with New BitPanda Pay

The exchange platform, BitPanda, has unveiled a new BitPanda Pay service which will allow you more freedom to use your BitPanda balance in everyday life. BitPanda will allow users to bridge the gap between your holdings in the cryptocurrency world and the financial services you need to take off in the real-world. The new service […]

19 October, 2019
Binance,Futures Trading,Investment,Updates

Binance Futures Increases Leverage to 125x

As of today, traders who use Binance Futures will be able to benefit from the larger Leverage on both margin and trading available on the service. Binance Futures has been up and running for a couple of months now and has so far proven to be a big hit with traders. Owing due to its […]

18 October, 2019