№ 11 | Exmo - Cryptocurrency Exchanger Review CENTRALIZED
EXMO is the cryptocurrency exchange, which has focused on clients from the CIS countries.
Although, the legal address of the entity is registered in the United Kingdom. The platform has more than 10 language versions of the site.
The platform attracted 100 000 clients in 2017 and the mark of 1 million users was overcome.
EXMO is very popular in Europe and even received the «The Best Exchange of 2017» award by the BTC Awards CIS.
The exchange attracts many beginners through the support of fiat money. Another available method of input and output of funds is EXMO-codes. Among all the possible ways, it is the most convenient and profitable because it does not provide for any commissions. EXMO-codes in USD, EUR or RUB can be exchanged on external exchange services. EXMO is specialized in trading with Bitcoin and popular altcoins.
There are more than a dozen cryptocurrencies in the stock exchange: Bitcoin (BTC), Waves, Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Monero (XMR), Ripple (XRP), KickCoin (KICK), DASH, Zcash (ZEC), etc.
On the one hand, the platform has such advantages as a large number of payment methods, using special EXMO-codes, simple interface, referral program. However, on the other hand, the verification process can last several weeks or months, there is inflexible trade commission which is always 0.2%, as well as there are frequent failures in the site and a lack of official mobile application.
Despite the fact that EXMO has an additional security tools as two-factor authentication, history of sessions and confirmation of withdrawals via e-mail, in 2017 transactions were made on the user’s accounts without their participation. A lot of difficulties took place on the platform in early 2018.
Due to the influx of customers, the site often worked unstably, users constantly had claims about the financial side of the company.
Today the work of the platform is stable, and in the future, the exchange plans to launch additional services such as margin trading and trust management. Despite all this, EXMO remains one of the most popular cryptocurrency exchanges in the CIS countries.
The platform does not plan to introduce tokens of new ICO on the trading platform, instead the company works to ensure the stable operation of the site, strengthens security measures and it is going to create its own ISO during 2018.
The daily trading volume of EXMO is approximately close to $36 millions of dollars. At the time of writing, 57 crypto assets are listed on EXMO.
- Big diversity of cryptocurrencies;
- 2FA authentication;
- Simple UI;
- Fiat support.
- No leveraged trading;
- You may find lower fees on the other exchanges.