Cryptocurrency exchange Exmo (Exmo): complete guide, withdrawal, replenishment, reviews

Participants in the Russian-speaking segment of the crypto community often encounter language and other barriers: the majority popular cryptocurrency exchanges tailored for a foreign audience. As a result, users have to make compromises: put up with the lack of translation and other inconveniences.

Official website EXMO.ME

The exception to the rule was the EXMO exchange. The trading platform not only solved the problem of the language barrier by providing a completely Russified interface, but also found a way to simplify the entry of investors into the market by providing a number of crypto-fiat gateways. Find out more about EXMO's features in our review.

History of EXMO

The Eksmo company began as an exchanger of cryptocurrencies and fiat money - ExMoney . It was founded in 2013 by Eduard Anufiev and Ivan Petukhov, immigrants from Russia who were at the origins of the crypto business.

Soon the functionality of the exchanger was expanded and it turned into a full-fledged cryptocurrency exchange EXMO , which quickly earned a reputation as a stable and reliable platform for exchange and trading. ✅

In just one year of operation, 100,000 users registered in the system, and in 2015 the exchange entered the top ten trading platforms in Europe. 2017 was a significant year in the history of Exmo: 1 million registered users and a total trading volume of $3.7 billion .

The platform is constantly expanding its functionality, expanding the list of listed assets and the number of regular customers. In 2022, more than 1.8 million traders were registered on the exchange. The 24-hour trading volume is approximately $72,258,537.

EXMO exchange is registered in London. The company's offices are located in 4 countries : England (London), Russia (Moscow), Ukraine (Kiev), Turkey (Istanbul). The project team employs more than 150 people .

Main characteristics of the exchange

EXMO cryptocurrency exchange has been operating for more than 4 years and all this time is very actively developing. During this period, Eksmo has incorporated the key features of competitors, improved and transformed them;
The company is registered in the United Kingdom. The legislation here strictly applies to any financial activity., and to cryptocurrency in particular, which speaks of the competent and accurate compilation of all documents for licensing in this area;
EXMO is open in understanding and explaining its actions and development prospects. One of the co-founders often speaks on TV highlighting topical issues and giving answers to users' questions;
The number of new registrations every day exceeds 20,000, and in total more than 1,400,000 clients are registered. EXMO is visited more than 7,000,000 times per month, and at least 20,000 traders are online at the same time;
In terms of trading volume, Eksmo is firmly held in the TOP 10 projects with an impressive 200,000,000 USD;
A face-to-face office opened in Barcelona;
Updates and improvements are made constantly. The main initiators are the clients themselves;
The project is available on 10 languages, including Russian;
Best Exchange 2017;
Security. It is specifically mentioned at the end of the consideration of benefits., to emphasize it. Combining complex authorization formats, reliable external protection of the project and full insurance of deposits made by EXMO exchange, where many clients keep their investment portfolios. Over the entire period of activity of the EXMO cryptocurrency exchange, it has not been hacked or other attacks..

Advantages of the site

EXMO exchange has a Russian-language interface
Supports all payment systems common in Russia. When passing verification, it allows you to use bank cards.
The project contains a huge knowledge base, including answers to the most frequently asked questions of users. Detailed coverage of basic concepts and definitions will get you started, even those who have never encountered online trading.
EXMO exchange does not require mandatory verification. Those who decide to go through are provided with detailed instructions, guaranteeing a positive result.
An unlimited one-level referral program allows you to receive passive income.
The service is constantly working on development, providing its users with new features and functions.
Separate opportunities for users from neighboring countries.
Sophisticated translation of each page of the project.

EXMO exchange offers not only cryptocurrencies for trading. The set of currency pairs is quite diverse and includes several offers for trading fiat money — dollars and euros. There is also an opportunity to play for Russian rubles and Ukrainian hryvnia.

Cons of the site

Confusion with addresses. EXMO has two domains. These are not mirrors - site one. This is how the problem of blocking the service in Russia and some other countries was solved..
Project support sometimes takes a long time to respond.
With a large influx of visitors, the server sometimes crashes. But reviews on the EXMO cryptocurrency exchange indicate that the problem is always quickly resolved..

Personal Area

To enter your personal account, on the main page of the exchange, select Login in the upper right corner. For exmo login, enter your email, password, complete the I’m not a robot and click Login .

Before logging in, make sure you are on the website https://exmo.me.

If you don’t have an account in the system yet, it’s time to create one.

Registration on the official EXMO website

The official website of the exchange operates in 13 languages, including Russian.

Therefore, before starting work, select a language (the language selection panel is located in the upper right corner near Login and Registration).

Selecting a language on exmo.me

Now all platform functionality will be available in Russian. Let's proceed to registration, which will take 1-2 minutes.

To create a new account:

On the website https://exmo.me/ru in the upper right corner, click Registration ;
Fill out the registration form: login, email, phone number with code, password and password confirmation;
The password must contain at least 7 Latin characters.
Check the box next to I agree to the Terms of Service, Privacy Policy and Refund Policy;
Completing the captcha I am not a robot;
Click Registration ;

Registration on the EXMO exchange
To complete registration, you just need to confirm your email address: go to email. mail, find the letter from EXMO and follow the link.

After registering your account, we proceed to its verification.

Account verification

EXMO is one of the platforms with increased requirements for personal identification, and KYC verification is mandatory in order to gain access to the main functionality of the exchange.

EXMO is registered in the UK and operates under UK law as well as EU law. According to the Fifth Anti-Money Laundering Directive (5AMLD), exchange users must undergo mandatory identity verification for cryptocurrency transactions.

Verified users can trade on EXMO, deposit and withdraw cryptocurrency from their account, conduct transactions using AdvCash or Payeer, and also use EX-CODE.

The verification procedure on EXMO takes place in 3 stages : verification of identity, address and card. ✅

Identity verification consists of providing a document confirming your identity:

National passport (page spread with photo);
International passport (page spread with photo);
ID card (both sides);
Driver's license (both sides).

To pass identity verification on EXMO:

In your personal account, hover your mouse over your login in the upper right corner of the screen and select Account Verification ;
In the verification section, select Personality → Start;

Account verification on EXMO
Identity verification consists of 4 steps: personal information, document details, photo/document scan, selfie photo.
Stages of identity verification on EXMO
Fill in personal information: first name, last name, patronymic, date of birth, country;

User's personal information
Choose identification document and enter the data of the selected document: serial number, date of issue and expiration date (if any);

Document details
Upload a scanned copy/photo of the document;

Uploading a document
Let's do selfie with document, which was used to verify identity (you can upload a photo or use a webcam);

Uploading a selfie with a document
It is necessary to hold a document and a sheet of paper with the current date (in full: day, month, year) and the inscription “EXMO” in front of your face.
Click Finish and see the following message from EXMO:

The identity verification process on EXMO takes place within 24 hours. But usually the verification takes from 20 minutes to 2 hours.

The following documents are suitable for address verification:

Statement from the bank;
Utility bill;
Tax documents;
A document confirming registration and issued by local authorities;
Court documents;
Documents issued by government or other competent authorities.

A document confirming your place of residence must be no older than 3 months and must contain your full name and home address.

Address verification allows you to use more payment systems , such as bank transfers via Wire Transfer (SWIFT) and SEPA.

Card verification is the user's confirmation of ownership of the payment card. To do this, you need to send a photo of the bank card that the user wants to link to the account (the card must be personal).

Only identity verification is mandatory on EXMO. Address and card verification are optional and required to use certain payment methods on EXMO. ✅

To transfer funds using a bank account, you will need to undergo bank account verification. If you are a representative of a company and intend to work for EXMO as a legal entity, you will need to confirm a corporate account .

To verify a personal or corporate bank account, you must write to [email protected]

You can see all available payment methods and verification stages on EXMO here.

All personal data of users is stored on an encrypted server , where no employee except a certified AML officer has access.

Two-factor authentication

To enhance the security level of your EXMO account, it is recommended to activate two-factor authentication 2FA.

In addition to the standard password, 2FA provides additional protection: entering a one-time code each time you log into your account and withdraw funds. And even if the login and password for the account are known to the attacker, he will not be able to access the funds stored on it.

A random one-time verification code is a more secure method of protection than a single system password.

For generating one-time 2FA codes, a popular solution is Google Authenticator .

To enable two-factor authentication in your EXMO account:

In your Personal Account, hover over your login and select the Settings ;
Go to the Security , where 2 authentication methods are available: entering an SMS code and Google Authenticator;
Choose Google Authenticator;

Selecting an authentication method on EXMO
Click Generate new key to the right of the field Secret key TOTP, after which a 16-digit key and QR code will appear here to activate your account in the Google Authenticator application;

Data for activating your account in the Google Authenticator application
We use this code to enter into the application;
The Google Authenticator application must already be installed on your mobile device (download for iOS / Android).
You can also select the degree of protection : use only for authorization: the 2FA code will need to be entered only when logging into your personal account; complete protection: the system will request a 2FA code not only during authorization, but also when withdrawing funds.
We save the settings in your personal account: enter the 6-digit code from the Google Authenticator application and click Save settings .

How to delete an account in EXMO

To delete your EXMO account, you must first withdraw all funds from your exchange account, and then send a request to delete your account to EXMO Support by writing to [email protected] .

In the request we indicate:

Username (login);
The email to which your EXMO account is registered;
Reason for account deletion.

A request to delete an account must be sent from the email that was used to register this account. A deleted account cannot be restored.

Personal account overview

The personal account contains information regarding:

Account verification;
Private messages;
Referral program;
Keshbek;
Trading history;
News;
Settings;
And also the “Exit” button.

IN 2022 year, in order to trade on the Exmo exchange, you need to go through account verification. To verify your identity you must provide:

FULL NAME;
Date of birth;
Series and passport number;
Citizenship;
Document validity period;
Make a color scanned copy of the passport page with this data.

The second stage will be verification of the exmo address, indicated:

Full address;
When and by whom the document was issued;
A scanned copy of the registration page is made.

And to complete the verification, you need to take a selfie with your ID card (passport or international passport) holding a piece of paper with the current date and the signature “EXMO” near the face.

Also, verification of the address is required..

You can provide scanned copies of such documents:

Bank statements.
Receipts for payment of utilities.
Tax documents
Document, issued by local authorities to confirm registration at the declared address.
Judicial documents.

Consider, documents are accepted no older than 3 months and they must contain full name, as well as home address.

To deposit and withdraw fiat funds through a bank, bank card verification is required.

To confirm, you need to send a selfie with a card, from the front, holding a paper file with the current date and signature “EXMO” at the face level. Only your personal cards are accepted. Cardholder Name, the first 6 and the last 4 the numbers must be clearly visible in the photo.

In the profile settings, you can:

enable/disable 2FA or SMS confirmation;
configure trusted IP addresses;
Change password;

A complete overview of the remaining sections of your personal account is contained in the information section of EXMOWIKI.

EXMO trading functionality

After registration and security settings, we proceed directly to trading.

EXMO provides traders with the following trading opportunities: fast exchange, cryptocurrency purchase, trades and OTC trading.

Fast exchange

Firstly, the exchange has the option of quickly exchanging cryptocurrency ⇄ fiat in different directions.

To carry out such a transaction:

Select Quick exchange on the menu bar;
We indicate the currencies that we want to exchange: I give / I receive;
Click Exchange .

Quick exchange to EXMO

Buy cryptocurrency

Secondly, the platform offers to buy Bitcoins BTC or Ethereum ETH using a VISA / MasterCard bank card.

The advantage of this method of purchasing cryptocurrency is its speed: from the moment of purchase to the crediting of funds to the account, it takes from 10 to 30 minutes.

To make a quick trade:

Select Buy cryptocurrency from the menu bar;
We indicate the currency we want to buy (BTC or ETH) and the amount;
Select the currency for payment (RUB, USD, EUR);
Click Buy.

Bargaining

Thirdly, the platform has all the tools for transactions with cryptocurrencies on the spot market. On the menu panel, select Trades and make transactions to buy or sell cryptocurrency for cryptocurrency or fiat.

Trading on EXMO

OTC-Trading

Fourthly, EXMO offers its clients the opportunity to carry out transactions on the over-the-counter market.

OTC-trading on EXMO is a convenient way of over-the-counter large transactions between traders (from $50,000).

Advantages of OTC trading:

Deposit and payout of fiat funds to a bank account without commissions;
A large number of payment methods: Visa/Mastercard, Qiwi, YuMoney (Yandex.Money), etc.;
Guarantor mechanism;
Price fixation;
Minimizing risks when executing a transaction;
Individual approach and personal OTC manager;
Complete confidentiality: transactions are not recorded in the order book and are not publicly displayed.

To submit a request for an OTC trade:

Go to the OTC trading page https://exmo.me/ru/otc_trading;
Fill in the fields: private/legal entity, full name, email, login, feedback method;
We indicate the asset we want to buy or sell and the quantity;
Click Send request.

Application for an OTC transaction
Your personal manager will send you all the necessary information for further work.

List of Eksmo coins

At the time of writing the review, only traded on the exchange 12 cryptocurrencies and 5 fiat currencies. The list contains the most top high-cap coins: Bitcoin, Ethereum, Litecoin, Dash, Ripple, WAVES, Zcash, Currency, KICK, Doge, Ethereum Classic, Bitcoin Cash. Fiat currencies, which are on Eksmo: USD, EUR, RUB, UAH, PLN. This list of coins is enough., to start trading and understand what trading is. Also, these coins are among the most stable among cryptocurrencies., which also plays into the hands of a novice trader.

It should be recognized that Exmo takes a fairly conservative approach to coin listing, but as the team promises, ICO and global exchange update coming soon. maybe, then the list of coins will be expanded.

How to trade on EXMO

Is it possible to start trading now? The peculiarity of any trading platform is that in order to access its functionality, a trader must first top up his balance.

To buy and sell cryptocurrency on the spot market using EXMO, as well as to quickly exchange cryptocurrency, you first need to deposit funds on the exchange.

How to top up your account and withdraw money

To replenish your balance and withdraw funds:

In the Wallet , select the fiat or cryptocurrency of interest (you can use the search bar);
Press the button Top up;
After this, a window will open with a list of all replenishment methods and commissions for the selected currency;
Select the payment method and click Top up .

8 fiat and 50 cryptocurrency accounts are available for depositing on EXMO .

You can also withdraw both digital and fiat currencies.

To withdraw RUB rubles, the platform offers several popular methods: VISA card, payment systems AdvCash, PAYEER, QIWI, YuMoney (Yandex.Money).

To withdraw, in the Wallet , opposite the desired coin, select Withdraw . In a new window, select a payment method, indicate the wallet number and amount and click Withdraw .

For different payment methods, you must go through the appropriate verification steps. So, for example, to replenish and withdraw to a VISA card, you need to go through all three stages : verification of identity, address and card.

You can view all available payment methods and verification stages on EXMO here.

Couples

As of January 13, 2022, the 24-hour trading volume on EXMO is $72,258,537. At the moment, the exchange lists more than 50 cryptocurrencies and 8 fiat currencies , which form 162 trading pairs to choose from.

Fiat currencies on EXMO: USD, EUR, GBP, RUB, PLN, TRY, UAH, KZT.

The most popular currency on EXMO is the US dollar (USD): it accounts for almost half of all trading on the exchange.

Trading volume by currency

Maximum liquidity on EXMO is for the BTC/USD currency pair.

Trading volume for a currency pair

Top 5 pairs by trading volume:

Pair	Exchange rate, $	Trading volume, $	Spread %	Rate change in 24 hours
BTC/USDT	$43,802.00	$1,522,679,492	+0.01%	+$1,051.93
ETH/USDT	$3,352.78	$1,213,707,850	+0.01%	+$118.91
BUSD/USDT	$1.000	$721,128,683	+0.01%	-$0.0002063
FTM/USDT	$3.010	$575,180,456	+0.03%	+$0.20278
BTC/BUSD	$43,802.00	$463,686,555	+0.01%	+$1,051.93
LUNA/USDT	$83.00	$423,768,951	+0.01%	+$6.67
ETH/BUSD	$3,352.78	$417,967,285	+0.01%	+$118.91
BNB/USDT	$485.40	$401,888,250	+0.02%	+$24.50
SHIB/USDT	$0.0000320	$368,075,070	+0.03%	+$0.0000034
ROSE/USDT	$0.5158	$324,370,975	+0.04%	+$0.031077

Data update 01/13/2022, 08:15

Types of orders

There are 3 types of orders available on EXMO:

A market order is used to instantly buy or sell an asset at the current market price.
A limit order is an order to buy or sell an asset at a certain, more favorable price. A buy limit order is executed only at or below the specified maximum price, and a sell limit order is executed only at or above the specified maximum price.
A stop order is a pending order for automatic buy or sell operations, which is executed according to previously established restrictions in order to make a profit and/or minimize possible losses.

Trading terminal

EXMO is distinguished by a simple and intuitive trading interface: minimalistic design, day and night modes, network settings.

The trading platform is convenient for both beginners and professional traders. EXMO uses TradingView charts , which contain all the tools and data a trader needs for technical analysis.

In addition to the web version, the exchange functionality can be available as a mobile application for iOS or Android.

How to buy and sell on EXMO

To make a purchase or sale transaction on EXMO, select the Trades and go to the trades page. Next we follow the instructions:

On the right in the list, select a currency pair, for example, BTC/USD;

Selecting a trading pair
We go down a little lower and fill out the Buy or Sell , depending on the direction of the transaction;
Select the order type : limit, market, stop;
Fill in the fields: Quantity and Price (for limit), Quantity (for market), Quantity and Stop price (for stop orders);
Click Buy or Sell respectively.

Create a buy or sell order
Information about the user's active orders and trading history are displayed below. ✅

Margin trading

Margin trading serves as a useful tool that allows you to multiply your profits without increasing your working capital . Essentially, this is trading using funds that the trader borrows, using his own deposit as collateral (margin = collateral).

Thus, the trader gets the opportunity to increase profits without additional investments in the trading process.

You can trade using leverage in both rising and falling markets. In the first case, a trader opens a long position (trades long): he buys a cryptocurrency, waits for its value to rise, and sells it at a higher price than the purchase price.

To make a profit in a falling market, a trader opens a short position (trades short): before the expected fall in the price of a certain asset, he borrows a certain amount of this asset from the exchange and sells it. Then it waits for the price to drop and, when it occurs, it purchases the previously sold asset with the money received from its sale. Since the purchase price is now lower than the price at which the trader originally sold the asset, the excess funds remain at his disposal and form a profit.

At the moment there is no margin trading on EXMO, but it is planned.

Commissions and limits

EXMO does not charge commissions for deposits/withdrawals . ✅

However, there are commissions of the systems themselves for withdrawal, which are:

BTC=0.0005
LTC=0.01
DOGE=1
DASH=0.01
ETH=0.01
WAVES=0.001
ZEC=0.001
USDT=5
XMR=0.05
XRP=0.02
ETC=0.01
BCH=0.001
HBZ=65
BTCZ=15
DXT=20
STQ=100
XLM=0.01
MNX=0.01
OMG=0.5
TRX=1.

Regarding trading commissions, the following rule applies on EXMO: the higher the trading volume, the lower the commission .

The base trading commission on EXMO is 0.4%.

Automatic Cashback, which is credited daily to all users with a trading volume of $1001 or more over the last 30 days, will help significantly reduce commissions.

There are no transaction fees Crypto/USDT pairs . All current commissions can be found in the Wallet of your personal account by selecting the cryptocurrency or currency of interest, depending on the deposit/withdrawal method.

API trading

Among other features, EXMO exchange supports API trading, offering a reliable service for cross-platform trading bots.

API (Application Programming Interface) is a set of functions that the exchange provides for use in external programs.

In other words, the API is used by programmers to write algorithms for trading bots.

To send any authenticated request to the EXMO server, you will need an API key pair, which consists of a public and private key.

To create an API key pair:

In your personal account, select the Settings ;
On the profile settings page, select API Key Settings ;
Enter your IP address in the column Add new address and for security purposes we save it in the List of Trusted IP Addresses / CIDR;

Adding an API Address
To create an API key pair, click Generate API key ;
Enter the name of the API key pair;
The next pop-up window will display the details of the new API key pair;
IMPORTANT! The secret key is displayed only once.
To activate a pair of API keys, follow the link sent by email. If all steps are completed correctly, the API key will be activated and ready to be used in your code.

More information about how to use API keys can be found in the API Documentation.

Exmo code (EX-CODE) – what is it and how to get it

EX-CODE or otherwise “Exmo code” is the internal funds of the site. With its help, users can transfer money to each other both on the crypto exchange and outside the service.

The platform allows you to generate a code in any currency presented on Eksmo.

Find the line “EX-CODE” in the “Wallet” tab at the bottom of the list of currencies. Click on “Withdraw”. Next, select a currency from the drop-down list and indicate the withdrawal amount. Optionally, you can enter the recipient’s login - in this case, you will get a personal code and only you or the specified person can activate it.

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Today, most popular online currency exchangers work with the Exmo code, and therefore using it you can quickly withdraw funds from the exchange to any fiat currencies not presented on the platform. By the way, in these exchange services you can also purchase EX-CODE if necessary. The code can also be given to acquaintances or friends as a gift.

Advantages of the Eksmo exchange

platform for both beginners and professional traders;
multilingual interface;
fast registration;
optional verification;
a large number of options for replenishment and withdrawal of funds;
support for popular fiat currencies;
bonuses for EXM owners;
24/7 technical support;
minimalistic, thoughtful design;
night interface mode.

Flaws

There is no margin trading.

Regulation

The British cryptocurrency exchange EXMO is owned by EXMO Finance LLP and is headquartered in London.

The platform is licensed in the UK and operates within the framework of English conflict of laws. The registration certificate is available on the website.

EXMO registration certificate

The exact address of the exchange is also known: 2 Kingdom Street, London, United Kingdom.

All contact information can be found on the website in the Contacts section.

Affiliate program and Cashback

For traders, attracting new users to the site, Exmo paying 25% from the commission from each transaction indefinitely. The exchange provides not only a referral link, but also ready-made banners of various sizes to be placed on your resources or blogs.

The only limitation is the prohibition of placing advertising materials in the GoogleAdwords and YandexDirect systems.. Counting and payment of funds, earned through the affiliate program, happens once in 30 days.

There is a Cashback program to reward traders. It implies a return 10-60% commissions to users, traded. The amount of the refund depends on the amount of trade. Cashback funds are accumulated within a month and are credited to the account on the 1st day in bitcoins.

Additional features

VIP clients

VIP status on EXMO means special trading offers, individual tariffs, increased trading limits and the assistance of a personal manager.

VIP status is of interest to large players who are ready to invest to the maximum and want to receive special advantages in service and trading conditions on the exchange.