Exmo - registration, login and reviews of the popular cryptocurrency exchange in RuNet - how to trade and change money on Exmo

Updated October 14: 182,420 Author: Dmitry Petrov
Hello, dear readers of the KtoNaNovenkogo.ru blog. Today I wanted to talk about Exmo, a popular cryptocurrency exchange .

Its strength is full support for the Russian language and Russian-speaking users. True, due to the current hype for cryptocurrency, their support is overloaded. But it’s better this way than the complete cessation of registrations that occurs on other popular exchanges.

In addition, Eksmo, unlike many popular exchanges in the world, allows you to operate not only with cryptocurrency, but also with fiat money (rubles, dollars, euros, hryvnia), as well as deposit and withdraw funds to electronic wallets (Qiwi, Payer , AdvCash), cards and bank accounts.

By the way, many people use Exmo as a profitable and reliable exchanger of bitcoins and altcoins for real money due to the fact that the commission for depositing bitcoins is zero, and the commission for withdrawing to various electronic wallets is quite low. Through it they withdraw money earned on other bitcoin exchanges (for example, Binance), income received from bitcoin faucets, and everything else.

But at the same time, this service is very suitable for trading : relatively low commission, a large number of currency pairs, fast work, convenient and intuitive interface. Again, I advise you to make some allowance for the current overload of technical support, because they take a very long time to respond (but they also respond in Russian).

Advantages of Exmo

The main advantages of the Eksmo exchange are its simplicity and reliability. Many users speak of this exchange as one of the most convenient and easiest for novice traders. Its interface is intuitive, simple and not overloaded with information. The exchange is ideal for novice traders as a starting point.

Also, a key advantage of the exchange is its work with fiat, and in particular with Visa/MasterCard cards.

Eksmo works not only with dollars and euros, but also with rubles and hryvnias and many other national currencies. Therefore, it is convenient to buy cryptocurrency through Eksmo, paying directly from a card or other electronic money.

Strengths of the exchange:

• Ideal Russian version of the site. In addition to Russian, the exchange has 10 more language versions and all of them are well translated;
• There are a lot of convenient replenishment methods: Visa/MasterCard, AdvCash, Payeer, MoneyPolo. Withdrawals are also possible via Yandex Money;
• The Eksmo exchange has a high level of security, as well as positive user reviews and a good reputation in the crypto community;
• There is cashback: when you reach a high turnover level (>10BTC), the exchange will return part of the commission to you.
• The list of coins represents only the top cryptocurrencies with high capitalization;
• Fast support and detailed knowledge base on the operation of the exchange;
• Low commission on transactions (only 0.2%);

Exchange Eksmo. Home page

Disadvantages of the exchange:

It is difficult to objectively identify any weaknesses of the Exmo exchange. Perhaps experienced traders will say that they lack a more advanced interface and technical analysis tools on charts. Perhaps someone will be dissatisfied with the absence of rare coins on the exchange’s list of coins. This is true, but for experienced players there are more serious and complex platforms, such as Binance or Cobinhood. And the simplicity of the interface is the key advantage of Exmo and further, we will consider in detail all aspects of this platform.

EXMO Security Measures

The platform team has created a set of measures to ensure a high level of security on the exchange. The latter include technical solutions presented in the users’ personal account. Security of access to the account and funds stored in the wallet is implemented using:

• Alert systems.
• Configuring API access from specific IP addresses.
• Authorization of new IP addresses upon request.
• Google Authenticator and SMS user identification systems.

Users can also track their access history at any time. The functionality allows you to verify that all visits to your account were authorized.

Interface of the security section in the exchange’s personal account

Registration on Exmo

To start trading on Eksmo, you need to go through the standard registration process, which will take you no more than two minutes. Registration is really simple and does not require any personal data. You just need to specify your login, real email and password.

Once you confirm your email, you can immediately begin bidding. It will be possible to top up your balance with cryptocurrency or fiat through payment systems that do not require verification. Your account will not have any restrictions on depositing cryptocurrency, but there will be some limits on withdrawal, for example, the maximum amount for BTC withdrawal will be 350 BTC.

We strongly recommend that you always enable 2FA verification!

On the Exmo exchange, 2FA (two-factor) verification is enabled in the account settings in the Account-Settings-Protection section.

Go to the official Exmo website

System overview and history

EXMO is a multilingual platform. The exchange website has been translated into 12 languages. Complete Russification has made the exchange one of the most popular trading platforms in Russia and the CIS countries. The project also turned out to be in demand due to the possibility of purchasing digital assets for fiat. The offer applies to rubles. The platform team lists the following as the main advantages:

• Wide selection of methods for depositing/withdrawing assets.
• High level of security.
• Low commissions.
• A large number of assets available for work.
• High speed of support service.

At the moment, representatives of the exchange are also drawing the attention of new users to their extensive experience.

The history of EXMO’s development looks standard: at the time of its opening, a campaign was organized to attract new users. In parallel, work was initiated aimed at organizing the listing of liquid assets.

An outstanding episode in the history of the platform could be the launch of an ICO, preparations for which were carried out throughout 2022. However, the project team subsequently decided to abandon the idea of ​​holding an initial sale of coins. The official reason is to close the issue of financing necessary to cover the needs of the platform.

Login to your EXMO account

A personal account is assigned to registered users. The account creation process includes the following steps:

1. Enter your login, e-mail address, password.
2. Familiarization with a number of agreements.

Immediately after entering the data and pressing the “registration” button, the system transfers the user to his personal account.

Get a 10% discount on trading fees on Binance using the code “ CRYPTOSLIVA ” or by registering using this link

Proceed to create an account

Verification on EXMO

Until 2022, immediately after creating an account, the user could start working. Currently, all new traders are required to undergo verification. EXMO has a number of restrictions regarding the accounts of users who have not provided the platform with the necessary information. Including:

• restrictions on deposits and withdrawals of funds;
• restrictions on transactions.

Example of a restriction for an unverified user

To work comfortably on EXMO, you must pass verification. You can find a link to the corresponding section in your personal account (see screenshot above).

How to get verified on the EXMO exchange

The verification process consists of several steps:

1. ID confirmation. Verification is carried out through screenshots of documents. The latter must be provided in the verification application.
2. Selfie photo. Providing the administration with a photograph in which the user is holding an identity document. The procedure allows you to verify the reality of a person.
3. Confirmation of residential address. Information may be required if any violations by the user are detected. Address information also helps EXMO control the flow of traders from jurisdictions that have introduced bans on working with digital assets.
4. Payment card confirmation. Data about the bank serving the client allows EXMO to expand the list of sources of information about the user. In addition, if it is necessary to confirm a transaction, the system can compare payment details.

Passing verification
Additionally, the page contains a link to a Telegram channel, within which verification can also be carried out. At the time of writing this review, this functionality did not work.

According to users, checking the information provided in the “verification” section can take from a couple of hours to several days. In most cases, specialists manage to verify documents on the day they are submitted.

Message from the bits.media forum

Important! To fully work on the platform, you will need to go through all 4 verification steps.

Not all digital asset exchanges require you to provide personal information. We previously reviewed the completely anonymous trading platform BaseFEX.

What documents are needed for verification on EXMO

To complete the procedures, you will need a document confirming the identity of the account owner. Identity verification is carried out using a scan of your passport. An ID card, passport or international passport is suitable for selfie photos. You can confirm your residential address using the following documents:

• A document confirming registration issued by local authorities.
• Statement from the bank.
• Utility bill.
• Tax documents.

Additionally, during verification, the user can provide the following documents:

• Court documents.
• Documents issued by government or other competent authorities.

Exmo account verification

In order to be able to deposit/withdraw to Visa/MasterCard cards, you need to go through the account verification procedure. This procedure is optional; without verification, you can use all available functionality and it will not affect limits or other factors in any way. Verification is needed if you want to top up or withdraw your balance in fiat via cards or bank transfers.

To verify your account on Exmo, you need to send standard personal data: full name, address, details of an identity document. You also need to upload scans of documents confirming your identity, documents confirming your address, and you also need to print, sign, and upload scans of the user agreement with the Exmo exchange.

Once you have uploaded all the required documents, you should be patient and wait a while. A message about the verification results will be sent to you by email.

Top up your balance

To top up your Exmo balance, go to the Wallet section. The section button is located in the top panel of the interface. In the menu that appears, you should select the coin you want to send to the exchange and click the corresponding Deposit/Withdraw opposite this coin.

The next dialog box will display a choice of replenishment method. For example, 8 methods will be available to replenish USD, including using cards and bank transfers. You need to select the appropriate method, enter the required amount in the right field and click the “Top up balance” button.

After this, you will be redirected to the bank authorization page or payment system page to confirm the transaction. After successful replenishment, funds will appear on your balance and you can start trading.

Important: Although the exchange positions itself as a crypto-wallet, we recommend never using exchanges for long-term storage of cryptocurrencies and fiat. It is better to use cold storage.

How to withdraw money from Exmo? Withdrawing funds from the exchange is a simple procedure. To do this, just click the Withdraw opposite the desired currency. If you are withdrawing fiat funds from Eksmo, then in the next step you should indicate where exactly you want to withdraw fiat funds: to a card or to a payment system such as Yandex Money. If you are withdrawing cryptocurrencies, then simply indicate the wallet address and confirm the withdrawal using a letter that will be sent to your email.

The Exmo exchange has certain limits and commissions for withdrawing currencies, and we will talk about them below.

Go to the official Exmo website

Wallets, commissions, depositing and withdrawing money from Eksmo

The benefit and convenience of working with the exchange is determined by a number of factors. What can you say about Eksmo ? Well, everything here is very average, but on the level. There are exchanges that are more profitable, but less convenient, and there are also those that are superior to our hero in everything, but difficult for beginners to work on.

The transaction fee here is average on the market - 0.2% . The number of cryptocurrency pairs and wallets is quite large and what’s nice is that among them there are ruble, hryvnia, and dollar. Those. This is not a purely cryptocurrency exchange.

Unneeded wallets can be closed by clicking on the “Settings” button. Deposits and withdrawals of funds are made using the “Deposit” and “Withdraw” buttons shown in the screenshot. Each wallet will have its own set of withdrawal and deposit methods, and over time they may appear or disappear.

Trading volumes in Eksmo are quite decent, which allows professionals to turn around. By the way, for the latter there is Cashback (return of part of the paid commission) for large trading volumes (starting from 10 BTC per month).

> Deposit fees At the same time, you can withdraw money from many wallets in Exmo with a fairly low commission, which really encourages you to use this exchange as a highly reliable exchanger .

Using Exmo to exchange your cryptocurrency for rubles and dollars

Let me explain my point. There are services called cryptocurrency exchangers or simply exchangers. Their essence is that there you can exchange a whole range of electronic money (Qiwi, YaD, Payers), the most popular cryptocurrencies and ordinary fiat money, for example, rubles on your Sberbank card.

And if you earned bitcoins or altcons somewhere, then the most convenient way to convert them into rubles is through a similar exchanger. But exchangers have one drawback - a low level of trust in them and the difficulty of checking their reputation. There are, of course, services like BestChange and CourseExpert that are designed to help with this, but the chance of running into scammers is still great. Especially if you want to exchange at the most favorable rate.

Personally, I use the same set of exchangers:

1. 60sec
2. Ychanger
3. 24PayBank
4. BaksMan
5. ProstoCash

And I use Bestchange only to quickly determine the course between them. But again, this may not always be as profitable as when using a cryptocurrency exchange , because live trading takes place on the exchange, and the rate is not set “from the ceiling.”

How does all this happen? Go to Eksmo to your wallets, select the cryptocurrency that you want to cash out (ruble) and press the “Top up” .

On the page that opens, all you have to do is make sure that you will not be charged any commission for this and that you have the required minimum amount. After that, click on the “Create address” button.

Then you go to where you have bitcoins or altcoins (that’s what all other cryptocurrencies are called), and use the crypto address received on Eksmo there to transfer the required number of coins to it. After some time, they drop onto the exchange and you can begin exchanging them and subsequently withdrawing them.

How to exchange them? There are several ways. The simplest one is to use the item from the top menu “Exchange” . This is very convenient for those who can’t imagine working on the stock exchange (even the simplest ones) or don’t want to bother with it.

In this case, the exchange takes place instantly - money simply moves from one of your wallets to another on this exchange. Moreover, the exchange rate used is the best for this direction at the moment (in fact, this is the same rate at which you place a “Market” at auction, but more on that below).

The beauty of this method is its simplicity, and the owners of the exchange did the right thing by highlighting this as a separate service. Although, you can go to the “Trades” tab from the top menu and do the same thing, or even try to make a little profit on the exchange if you see that the rate tends to move in the direction you want. But see more about this below.

So, all that remains is to withdraw rubles or dollars (or hryvnia) to the payment system that is most convenient for you. Why am I talking only about payment systems? Well, because in order to withdraw to a card or bank account, you will have to go through verification (identity confirmation), which not everyone is ready to do (laziness, they don’t want to shoot, they hesitate).

>Personally, I still like this scheme - I enter bitcoins (or altcons) into Exmo, exchange them for dollars and withdraw them to Payeer. Well, from there I transfer it in rubles to a Sberbank card. In this case, the total commission turns out to be slightly higher than if I were to withdraw dollars from Eksmo to MoneyPolo, but in MoneyPolo verification is required, which I have to go through “for scrap”, but in Peyer this is not required.

PS Another great option is to convert everything into rubles and withdraw it to AdvaCash (the commission is zero), and from this payment system you can withdraw money, for example, to a bank card with a fairly reasonable commission:

Payments from Eksmo to AdvCash and from AdvCash to the card come instantly, which is nice.

How to trade on Eksmo. Description of the trading interface

There are two ways to buy currency on the Exmo exchange - Exchange and Trade. The buttons for going to these sections are located in the top menu of the exchange interface. We will look at both of these methods in detail.

Exchange

Since Eksmo grew out of a regular exchanger, the exchange retained the simple functionality of exchanging one currency for another. The exchange takes place instantly at the current rate. All you need to do is select what you want to exchange for and confirm the exchange.

To select the exchange direction, click on the checkmark to the right of the currency ticker and select the desired one in the window that appears. The exchange will take place instantly at the current purchase or sale rate on the exchange.

This method of exchange is recommended for those who do not want to delve into stock charts, orders and order books. Everything is simple here: you see how much you give in one currency and how much you receive in another.

Bargaining

The interface of the trading section is a full-fledged exchange functionality with charts, an order panel, an order book and trading history. The interface is very simple and will not raise any questions for those who have ever traded on the stock exchange. But for those who are just starting to learn trading, we will describe how to trade on the Exmo exchange.

So, we have a graph of price dynamics over the year. The time interval can be switched using the corresponding buttons above the chart. To the right of the chart there is a panel for selecting a trading pair, where there are all cryptocurrencies available on the exchange. At the time of writing this review, Eksmo offers pairs with BTC, ETH, XRP, LTC, USD, EUR, RUB and some other cryptocurrencies and fiat money (for example, Polish zloty).

This is very convenient, as you can quickly switch between pairs if you trade several cryptocurrencies at the same time. To start trading, select the appropriate pair and scroll down the screen to the order panel.

There is a panel for creating orders (on the left) and a panel with active and history orders (on the right). As well as orders (all active orders) for buying and selling, and trading history (bottom right). There are two types of orders on the Eksmo exchange: by limit and by market. A market order is essentially the same thing as an exchanger. You will not be able to specify the desired purchase or sale price of the asset. The exchange itself will set the current price in accordance with the most profitable price at the moment. The market order will be executed instantly. For the most profitable deal, you should use a limit order .

To create a limit order, you need to specify only two parameters: quantity and price. For example, we want to buy Bitcoin for dollars. In the Quantity field, you need to indicate how much BTC you want to purchase, and in the Price field, you need to indicate the desired price. To do this, it is not at all necessary to enter numbers manually; you can, for example, click on any order in the buy or sell order book and this price will appear in your order.

After you have entered the required data, you should send an order to the exchange using the “Buy BTC” or “Sell BTC” . As soon as you create a new order, it will immediately appear in the list of your active orders on the left, as well as in the general order book. The transaction will occur when a counter order appears on the exchange at the same price as yours.

In order for the order to be executed faster, you should specify a price closer to the market price. In this example, to quickly buy Bitcoin, you need to place an order with a price close to $7132.

Registration on the official website and login to Eksmo.mi

The official website of the exchange is located at Exmo.me (previously the official website was exmo.com). There are no special problems with registration - you come up with a username and password, indicate your contact Email and agree to the terms of use of the service. It's simple. However, I strongly advise you to pay attention to the fact that to activate your account you will need to follow the link from the letter sent to you immediately after registering.

I didn’t do this at the time (the letter fell into Spam) and worked perfectly with the exchange, logged into it, carried out exchange operations, traded and deposited bitcoins. However, when I wanted to withdraw the funds I had earned, I constantly received the message: “Error 10325 : You need to confirm your email.”

I did not find the activation letter, because I periodically clear the Spam folder, and somehow it was not possible to initiate its re-sending from my Exmo personal account. Neither resetting the password nor adding and confirming the phone number solved the problem with error 10325. Only contacting support helped, but I had to wait quite a long time for an answer, although then the account was instantly activated. Therefore, take care of this issue right away without stepping on my rake.

Also, immediately after registering and logging into the Eksmo exchange for the first time, it would be useful to choose one of the two-factor authentication (2FA) options. Everything related to money cannot be ignored. Stealing a password is a piece of cake. But getting access to your mobile phone is much more difficult. Moreover, it is better to enable protection even before you deposit money into the exchange, so that later possible problems with logging in when using Google Authenticator do not lead to monetary losses.

As usual, there are two options for 2FA: receiving one-time verification codes via SMS message or through the Google Authenticator application. In any case, to get started, click on your login in the upper right corner of any window, select “Settings” and on the page that opens, from the left menu go to the “Protection” :

What exactly to choose, decide for yourself. After reading reviews about Google Authenticator on the Apple Store, I never decided to install this application, preferring to use one-time passwords received in SMS messages. The setup in both cases is very simple and boils down to receiving confirmation codes on your phone and entering the confirmation codes on the Exmo website.

>That's it, and then all your entries into the Exmo exchange will be accompanied by entering an additional code (from an SMS message or from the Google Authenticator application). Yes, this slightly complicates the login process, but it seriously increases security. As they say - if you put it further away, you take it closer!

Reviews of the Exmo cryptocurrency exchange

The Eksmo exchange itself has been on the market for quite a long time and there are a lot of reviews about it on numerous resources, including the notorious Bestchange. For the time being, the reviews were quite good and instilled (coupled with the age of the exchange) confidence in its future users.

But now I won’t say that everything will be as sugary and chocolatey as a little earlier. There was a lot of negativity and angry comments. But for the most part, complaints are only about operational issues, which can be resolved at the technical support level.

But the problem is that technical support is now extremely busy and cannot cope with the flow . The excitement around cryptocurrencies has reached critical levels over the past month or two. Everyone already knows that Bitcoin and alcoins have grown tenfold in price over the year and many have made crazy money from this. All the media write about this, talk about it on TV and in the kitchen over a glass of beer.

Ordinary people (like you and me), afraid of missing out on their profits, began to actively “enter” cryptocurrency with money and register on exchanges in order to catch the departing train. If you think that only Eksmo.mi has problems, then you are deeply mistaken. Several of the world's largest exchanges have stopped registering new users altogether, not to mention providing operational customer support.

Most people are impatient and want their problem to be solved first. They feel entitled and write negative reviews wherever possible. It is difficult for them to understand that the avalanche-like growth of new clients (inexperienced, inattentive, unwilling to understand the nuances, but eager to make money) creates a very difficult situation for the exchange. It is very difficult to increase the staff of competent technical support in a short time.

Therefore, my advice is to slow down a little and get into the situation. Due to its simplicity and CIS focus, the exchange has quite a lot of “terribly advanced” users for whom something often goes wrong. Reading their negative (furious) reviews sometimes you want to grab your head (like the bear did in the cartoon about Masha). This is something from the realm of hate