Cryptocurrency EXMO exchange (exmo.me, Eksmo mi) has become one of the most popular platforms for purchasing digital assets in the CIS countries. Traders and investors appreciated the simplicity and functionality of this exchange platform, where in a matter of seconds they can buy the cryptocurrency they are interested in or exchange it for fiat during periods of increased volatility.
The exchange has achieved impressive success - today every second Russian-speaking crypto trader uses it in the hope of making money on fast-growing assets. Beginners who are just beginning to be interested in this promising area are advised to start their trading career with it - after all, for successful trading it is not enough to follow well-known projects and have technical analysis skills, it is important to use all professional tools.
In this article we will analyze the advantages and disadvantages of the project, analyze the basics of registration, deposit and withdrawal of funds, trading and reviews from active users.
Advantages of Eksmo
A number of positive characteristics of the EXMO exchange deserve special attention:
- over 4 years of impeccable operation, the exchange has earned a high reputation among cryptocurrency holders in Europe, who are convinced of its reliability and the safety of their assets;
- the company's central office is registered in the UK, and one of its founders often appears as a guest expert on the RBC channel;
- More than 6 million visitors come to the platform every month, and in total there are more than 1 million registered users. There can be more than 20 thousand active participants in a special chat at the same time;
- per day, the trading volume exceeds 200 million USD, thanks to which the Eksmo exchange falls into the top 10 similar platforms in the world;
- The policy of the company’s founders is to be extremely open, which is why the Barcelona office is open to all visitors;
- new currency pairs appear with enviable regularity, the team never tires of working to improve the interface and conducts regular surveys among users to identify possible areas for improvement;
- The advantage of the project is its Russian-language localization; in addition, 10 more languages are supported, including Ukrainian;
- At the international competition “BTC Awards 2020 CIS” EXMO was recognized as the best exchange of the year.
For long-term investors, the most important thing is the reliability of the exchange - those who do not store funds in cold wallets, preferring to quickly respond to changing price trends, can keep hundreds of thousands of USD in their current account. Thanks to this, they have the ability to quickly sell and buy assets. To secure your account, we recommend using two-step verification.
EXMO crypto exchange: registration
Important! Before considering the registration algorithm, you need to pay attention to the following point. The official website of the EXMO cryptocurrency exchange is available at two addresses simultaneously - EXMO.com and EXMO.me. The decision to create a mirror was made after the Eksmo exchange was blocked in some countries, in particular in the Russian Federation.
The reason for the blocking was both political tension and uncertainty of government agencies regarding the issue of legalization or complete ban of cryptocurrencies.
Be careful! No other links lead to the official Eksmo website. Clicking on such links may result in loss of funds in your personal wallets.
Let's go back to registration. The process is no different for many other sites.
We fill out all forms, agree (with preliminary reading) with all the conditions of work on the EXMO bitcoin exchange.
You will receive a link to activate your account by email, after clicking on it you can log in to your personal account.
Account security
Don't be misled by the company's claims of full deposit insurance. The user must take maximum security measures.
In your personal account, in the “Settings” tab, there is a menu responsible for security.
Consider each offer, its benefits and the restrictions they impose on your account and choose the most convenient account protection methods for yourself.
How is the EXMO exchange useful?
The platform performs three main tasks:
- Convenient exchange for trading . To purchase cryptocurrency, you will need to top up your account with fiat. After this, it will be necessary to monitor the current exchange rate and sell assets when their value reaches higher values. Due to the volatile value, day trading can be very profitable. The task is simple - if possible, buy at the lows, sell at the highs. The Eksmo lists include the most popular crypto coins (BTC, ETH, XRP, XMR, LTC, BCH, DOGE, ZEC, DASH, etc.). Thanks to the support of four fiat currencies (USD, RUB, UAH, EUR), you can secure your capital at any time by transferring it to a currency with a more stable value. Moreover, the commission is only 0.2% of the transaction amount.
- Multi-currency wallet . Many investors use an exchange account as a wallet to store their assets. By registering and verifying their account, they have the opportunity to top up their account in fiat currencies directly from bank cards, as well as from such popular systems as Payeer, Yandex Money, Payza, Capitalist, etc. There are also many wallets designed for withdrawing cryptocurrency. Thanks to the fact that they are combined into one convenient interface, you can quickly transfer funds to them, and then exchange them for other currencies or use them to make purchases. If you receive payment in cryptocurrency or need to accept a transfer from someone, you can indicate the addresses of exmo wallets.
- The platform is suitable for making quick exchanges . Users who store assets on desktop or hardware wallets can transfer them to their exmo address at any time and quickly exchange them for both available national currencies and crypto coins that seem promising to them.
Users appreciated many other convenient tools of the Eksmo exchange, for example, quick replenishment of a phone account, withdrawal of funds to bank cards, etc.
Commissions and limits of the Exmo exchange
Depending on the chosen method of replenishing an account or withdrawing funds from the Eksmo exchange, users may be charged a commission. Let's take a closer look at the commissions on Exmo:
In dollars (USD)
- AdvCash. Account replenishment: 1.95%. Withdrawal: 2.95%.
- Perfect Money. Refill: - . Withdrawal: 0.5%.
- Payeer. Refill: - . Withdrawal: 0.45%.
- CryptoCapital. Refill: - . Withdrawal: 0.45%.
- Bank cards Visa and MasterCard. Account replenishment: 4.5%. Withdrawal: – .
In Euro (EUR)
- AdvCash. Account replenishment: 1%. Withdrawal: – .
- Perfect Money. Refill: - . Withdrawal: 2.95%.
- Payeer. Refill: - . Withdrawal: 0.45%.
- CryptoCapital. Refill: - . Withdrawal: 0.45%.
- Bank cards Visa and MasterCard. Account replenishment: 3.45%-4.5%. Withdrawal: – .
- Wire Transfer. Top-up: 6.95 EUR. Withdrawal: – .
In rubles (RUB)
- AdvCash. Account replenishment: 1.45%. Withdrawal: 2.95%.
- Payeer. Account replenishment: 1.95%. Withdrawal: 2.45%.
- Yandex Money (Yandex Money). Account replenishment: 1.95% . Withdrawal: 2.95%.
- QIWI (QIWI). Account replenishment: 2.45%. Withdrawal: 2.95%.
- Bank cards Visa and MasterCard. Refill: - . Withdrawal: 4.45% + 50 RUB.
In hryvnia (UAH)
- AdvCash. Refill: - . Withdrawal: 2.95%.
- Enfins. Account replenishment: 0%. Withdrawal: 1.95%.
- Bank cards Visa and MasterCard. Account replenishment: 2.6%. Withdrawal: 3.75% + 10 UAH.
- PrivatBank terminals. Account replenishment: 2.6%. Withdrawal: – .
In cryptocurrency
- For each cryptocurrency, account replenishment takes place without commission, and the commission for withdrawal differs in each individual case (more details on the official website of the exchange in the “Commissions and limits” section).
EX-CODE (EXMO Code)
- Using the Exmo code, you can replenish your account and withdraw funds without commission (through exchangers, conducting transactions with other users of the exchange). The exmo code can be created in various currencies and cryptocurrencies available on the exchange.
Important: commissions on the exchange change periodically + new methods of replenishing an account and withdrawing funds from the exchange are added, so the current data can always be viewed on the official website of the Exmo crypto exchange in the “Commissions and limits” section.
Limits (minimum and maximum amounts per transaction) are indicated on the pages of the selected method of replenishing an account or withdrawing funds in your personal account on the exchange.
The trading commission for exchange users is 0.2% of the transaction amount (do not forget about Cashback from the exchange for high trading turnovers, thanks to which you can return up to 70% of the paid commission to your exchange wallet).
Registration on EXMO
Registration takes very little time, the process is understandable even for beginners, but there are several points to consider. It is best to use a Gmail account, since problems sometimes arise with Russian mailers. The same advice is relevant for many foreign platforms.
By going to the official website of the exmo.me exchange, select any language convenient for you. On the special “Registration” (or “Sign-up”) page you need to enter your login, specify your email address and password.
Note! Wait for an email confirming your registration. You will be required to follow the link for the account to become active, otherwise the functionality will be limited and problems may arise with the withdrawal of funds, which cannot be resolved without the help of technical support.
Some users ignored this advice and worked with the account without activation. But the opportunity to transfer money to the Eksmo exchange will appear only when you confirm your registration. When using a mailbox other than Gmail, the registration letter may be completely lost. Don't forget to check your spam folder, sometimes such emails end up there due to a filter.
Registration Exmo
Registering users on Exmo
The official Exmo website has a very simple and user-friendly interface, and the presence of the Russian language makes working with the exchange even more comfortable.
The top panel contains icons for quick access to the main functions of the exchange, language selection, as well as login and registration buttons.
The first stage of working with the exchange is registration. The registration process for Eksmo is very simple and understandable even for beginners.
To create an account, you need to click the “Registration” button in the upper right corner of the main page.
Eksmo main page
The site will then redirect you to the account creation page.
Everything is standard here - come up with a login, enter your e-mail, password and check the box to agree to the user agreement. After entering all the required data, click the “Registration” button.
Registration on the Exmo exchange
// Source: exmo.com
After completing all the steps, a letter from Exmo will be sent to the email address specified during registration with a link to activate your account. Follow the link in the email and log in to your account using the information you provided earlier.
Basic operations on the EXMO exchange
Thanks to the intuitive interface, you don’t have to worry about it taking a long time to figure out how the system works. It only takes a couple of minutes to get acquainted with the features of the functionality. The site has three main tabs: trading, exchange and wallet.
EXMO wallet
The “Wallet” section contains all your wallets and indicates how much money is stored in them. This makes it easier to keep track of all your assets. Unused wallets can be hidden by unchecking the appropriate box in the settings. This is where you can easily replenish your account and withdraw funds. To replenish your wallet, just select the “replenish” option next to the name of the desired currency, and to withdraw funds, click “withdraw”, selecting cryptocurrency or fiat.
Important fact! Before replenishing your account on the Eksmo exchange, check the replenishment limits in your wallet, because if you transfer an amount less than the established amount, it will not be credited to the account. This is a standard condition for such exchanges.
A special feature of Eksmo is the trader chat and messaging system. Remember that users dispensing advice in the chat may simply be manipulating the rate, trying to get you to make a rash purchase or sell an asset right before a rise. There is also a limitation - to be allowed into the chat, you must have at least 2 thousand USD in your account.
The creators of the exchange try to constantly update its functionality in order to attract new users. It is recommended to monitor the amount of commissions for input and output; some values change quite often, so you should not lose sight of this. Special notifications that appear in the user’s personal account next to the balance number will help you keep track of innovations. This is usually how you can quickly find out important news about events on the stock exchange.
Eksmo wallet address
The question is often asked about how to find out the Eksmo wallet address you need. To do this, just click the “top up” button next to the desired currency (section “Wallet”). If such an action has not been performed before, you will be asked whether it is necessary to create a new address and wallet. Confirm the action.
How to top up your EXMO wallet?
As soon as a novice investor has registered and confirmed registration using the link in the letter, he is faced with the task of how to top up his balance with fiat currencies or crypto coins. Although the functionality of the exchange is quite simple, it may seem unusual at first. To replenish your EXMO wallet you need to perform the following sequence of actions:
- go to your wallet;
- select the currency you need from the list;
- Click on “top up”.
After this, a window appears with replenishment options. Having selected a convenient option, click on it to see the address for sending funds. Please pay attention to information about transaction fees and deposit limits. All this will take very little time, and soon you will learn how to perform operations in a couple of seconds.
Withdrawal from EXMO
Everything is reminiscent of the previous operation. After logging into your wallet, select the desired currency and click “withdraw”. You will be offered several withdrawal options; indicate the required amount and transfer address. Applications are usually processed quickly, but you may need to wait a bit.
How to trade on EXMO?
On the “Trades” page, traders enter into transactions, hoping to buy at a lower price and sell at a higher price on a promising asset. Traditionally, lists of user orders to buy or sell are called “order books”. Orders are sorted by price, starting from the most profitable.
After analyzing the bids, think about whether you are satisfied with the conditions offered by other bidders. If the rate is too low or too high, feel free to place your order at a price that seems adequate to you (“at the limit”). After that, all you have to do is wait for someone to respond to your application. His order price is close to the market price, he will be at the top of the list and will quickly attract the attention of other participants.
In the case when the prices offered by users seem profitable, you need to click on the application as quickly as possible and make a transaction “on the market”. This will allow you to buy or sell cryptocurrency under the best market conditions existing at the moment. There are a lot of traders, so the rate instantly reflects the real situation; there is no need to be afraid of speculative price inflation.
You will need to follow a few simple steps:
- First of all, decide what currency you want to purchase;
- decide on the type of order - market or limit;
- in the application, indicate the number of coins that you intend to sell or buy.
For example, if you intend to become a Bitcoin investor and want to buy BTC for USD at market prices, select the USD/BTC pair, place a market order and enter the amount of dollars you intend to spend. The transaction will be concluded instantly, after which you can transfer the asset to a hardware wallet or leave it stored on the Eksmo exchange.
Beginning investors often have difficulty choosing the type of transactions - market or limit. If you have never created orders of this type, the first operations will seem complicated, but everything is simpler than you might think. The “market” option means that you want to complete the transaction as quickly as possible at the best prices that are available now. The order is executed in the blink of an eye. This is usually important at turning points, when the exchange rate begins to sharply decrease or increase.
If you have time, choose the “limit” operation type. You will be required to indicate the amount you intend to receive for the transaction. The created order will appear in the general list and will wait in the wings. If the indicated price is too high, it may take a long time until the rate reaches this level. Such operations are ideal for traders who play on exchange rate fluctuations, allowing them to place a sell order with the required margin immediately after purchasing.
Important! There is a risk of entering the amount incorrectly and selling the asset at a lower price, so check the order carefully before sending.
If you need to make a transaction for a large amount, you can place one order, which will be carried out in parts. As soon as a participant appears on the market who is satisfied with your price, his order will be executed. This allows you to buy or sell an asset at a fixed price, which compares favorably with a large order “at the market”, when you buy part of the asset at market prices, and part at inflated prices. If you are not afraid of sudden price fluctuations, sometimes it is better to wait and gradually sell “at the limit.” This operation takes longer, but is more profitable. This type of deal is preferred by professional players.
For beginners and traders working with small amounts, it is more profitable to enter into transactions on the market. They happen instantly and the asset is not at risk due to exchange rate volatility.
Exchange to EXMO
If you don’t want to understand the types of orders and worry about price fluctuations, you can use another section of the site, which opens in the “exchange” tab. It significantly simplifies the process of purchasing cryptocurrencies. The tools are similar to “Trading”, but it makes the task easier for investors, which is why it is preferred by 90% of users of the EXMO cryptocurrency exchange.
There is no similar functionality on other exchanges, so many people prefer to register on Exmo.me in order to buy and sell assets at market prices without unnecessary delays. Everything happens as quickly as possible. The user needs to fill out an application, indicating in the “I give” line the amount and currency that he intends to spend, and in the “I receive” line, write what he is going to purchase.
There are also quite convenient hints - if you no longer remember how much money you have left in your account, just hover your cursor over the upper right corner to display the amount in your wallet.
Exchange for fiat currencies
Some people have difficulty exchanging cryptocurrencies for fiat. In the “Exchange” section, you just need to select what currency you are giving away and write how much you are willing to spend. The amount you receive will be displayed automatically. If everything is ok, click on “exchange”. Due to the absence of commission, the exchange is carried out at the rate established on the exchange. This is the fastest way to exchange cryptocurrency for regular money.
Popular questions about working and making money on Exmo
- How to find out the Exmo com wallet address? To find out the address of your wallet in the exchange, for example, Exmo Bitcoin wallet, go to the “Wallet” section, opposite BTC in the table, click “Top up” and on the page that opens, click the “Create address” button. Using the same scheme, an address is created for ETH, DASH, DOGE, LTC.
- How to confirm a transaction in the Exmo exchange? When conducting various transactions on the Eksmo exchange, you must always confirm them by following the links in the letters that the exchange sends to your email when you purchase/sell currencies, transfer funds, etc.
- How to make money on Exmo? To constantly make money on the Eksmo exchange, you need to buy selected cryptocurrencies at a favorable price and sell them when the price rises, while you must always monitor the market and news, and you can also use trading bots. The Eksmo exchange is constantly expanding its functionality and, for the convenience of traders, new trading tools appear that greatly simplify cryptocurrency trading (don’t forget to follow such updates and use them when trading).
- Error 11021: Insufficient number of confirmed funds on Exmo - what is it and how to fix it? If error 11021 appears on the Exmo exchange when ordering a payout, this means that there is an unconfirmed replenishment transaction in your account at the same time (this mainly concerns cryptocurrency, when credited to the balance of the exchange, a certain number of confirmations from its network must pass. In this situation, you need to wait until when the funds arrive in the account and only then re-order withdrawal.
- Error 10220: Withdrawal blocked on the Exmo exchange - what does it mean and how to fix it? If error 10220 appears when ordering a payment from the Eksmo exchange, this means that automatic protection from the exchange security service (Anti Fraud) has triggered and the withdrawal is blocked. To solve this problem, you need to write to the support service of the Eksmo exchange on the official website, indicating the reason for the request, your login on the exchange and the Email to which your account is registered on the exchange (it is better to write also from the Email to which your account is registered on the exchange).
- Error 10325: Exmo email needs to be verified - what is it and how to fix it? Based on the description of the error, it immediately becomes clear that the problem is that the email is not confirmed after registering on the exchange (immediately after registration, an email from the exchange is sent to the specified Email, in which you need to follow the link to activate your account and confirm your Email). Sometimes a letter with a confirmation link in email mailboxes may end up in “Promotions” or “Spam”.
EX-CODE is the internal cryptocurrency of the Eksmo exchange
In addition to the above methods of depositing and withdrawing funds, and trading, the EXMO exchange offers a truly convenient tool - the internal currency EX-CODE. Ex-Code has a number of significant advantages:
- profitable transactions for buying, selling and exchanging major cryptocurrencies: commission for deposits and withdrawals 0%
- deposits and withdrawals using Ex-Code occur instantly
- preservation and transfer of digital and fiat funds even outside the Eksmo exchange
Using EX-CODE deserves a separate article, so you can familiarize yourself with all the nuances of this tool in a special manual.
Advantages and disadvantages
pros
- Large selection of trading pairs.
- Support for fiat currencies.
- Low level of commissions.
- Good communication with users. Frequent blog and social media updates.
- Simple interface.
- Good security.
- Availability of additional features - cashback, chat, referral program.
- Mobile app.
Minuses
- Does not work with US clients.
- Conditions for depositing and withdrawing funds often change.
- The exchange is slow at times and there are delays in transactions. It is observed during sudden movements in the exchange rate.
- Mandatory user verification from 2020.
- Some pairs have low liquidity.
Reviews about EXMO
It cannot be said that Eksmo has huge functionality, like, for example, the world's largest crypto exchanges, such as Binance or Poloniex. However, users note the convenience of EXMO in terms of combining all the necessary tools on one platform - wallet, trading and exchanger. At the same time, a fairly serious selection of cryptocurrencies is supported.
In other words, you can deposit, convert, store, trade and withdraw funds within one service. This significantly saves time, nerves and money - there is no need to spend money on commissions and search for the necessary services.
Even many miners use the EXMO wallet as an address for accumulating the mined cryptocurrency. You can immediately convert it to another, or withdraw it.
Judging by the reviews, EXMO has been working stably and paying out for several years now. Otherwise, the exchange has reached a leading position in the CIS countries and is already worth a lot.
Exmo me or Exmo com?
If you don’t want to fall for scammers and don’t register on the Eksmo website just because you don’t know which domain is real, then I hasten to reassure you - you can register on any of these two.
Exmo.com is the main domain of the site, which has been operating since 2013. Exmo.com does not work for residents of the Russian Federation, as it was subject to federal blocking. Especially in order to be accessible to users from any country, the platform opened a mirror domain Exmo.me, which is the same official website.
This concludes the review of the Exmo trading platform; finally, I want to note one thing. Exmo is not a first-tier exchange; it is far from the market leaders both in terms of turnover and popularity. But this is a platform that is really developing and is very loyal to its users.
Therefore, it will not be surprising if after some time we hear about Eksmo as one of the most promising and largest platforms for cryptocurrency trading.
Register on the exchange
Denis HyipHunter Knyazev
Blog creator. Private investor. He has been making money in highly profitable investment projects and cryptocurrencies since 2014. Consults partners. Join the blog's Telegram channel and our chat.
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Legal information
In conclusion, let’s add a few words regarding the legal framework of the Exmo exchange. The exchange has passed licensing and has the right to work with any payment acceptance systems. The exchange's lawyers constantly monitor all initiatives of regulators in the Russian Federation and comply with all regulatory requirements.
Coupled with the trading volume, this gives reason to have no doubt about the reliability of the platform. However, we do not recommend storing large sums in the wallets of any exchanges, no matter how reliable they may seem - the risk of account hacking always remains.
Is it possible to trade on the Exmo exchange and what are its features?
Exmo exchange (country of registration - Great Britain) has been operating on the market since 2013 and is considered one of the most reliable and convenient platforms for conducting payment transactions with popular cryptocurrencies.
The company actively advertises its services on the social networks Facebook, Vkontakte and Twitter, offers a large selection of currency pairs and low commissions, is distinguished by large trading volumes, and also provides fast withdrawals of money through payment systems and electronic wallets. On the Exmo exchange you can trade all popular coins, including Bitcoin, Litecoin, Ethereum and many others.
Exmo is considered one of the most convenient platforms for Russian-speaking users.
The Eksmo exchange interface has been translated into English, German, French, Spanish, Italian, Russian, Ukrainian and several other languages. This is due to the desire of the developers to provide the most comfortable working conditions in order to reach the largest possible audience.
The site provides a lot of useful information for traders:
- a quote chart with a clear demonstration of the dynamics of changes in the value of currencies over time;
- table of available currency pairs;
- market overview, where you can see applications from other users;
On a separate page there is an online exchange table indicating the current intra-exchange exchange rates. In general, the Exmo exchange menu is very convenient and understandable even for beginners, not to mention experienced traders.
The disadvantages of the trading platform include the following:
- Lack of mobile applications. Perhaps the developers will correct this omission, since it is impossible today to compete with industry leaders without providing clients with constant access to the exchange.
- Negative reviews on the Internet. From time to time, messages appear online where people accuse the Eksmo administration of stealing money from accounts. But so far none of them have provided real evidence.
- Insufficient number of exchange directions. There will be no problems with top tokens on this resource, but with the withdrawal of lesser-known, especially new cryptocurrencies, everything is bad.
There is nothing superfluous on the main page of the Exmo exchange.
Nevertheless, users continue to work on Exmo, providing the exchange with good turnover and profits, and decent earnings for themselves. This means that the site definitely has prospects for the future.
Exmo cryptocurrency exchange - reviews and opinion
All funds that participate in site transactions are returned to the user if an application is created. Active and timely assistance in emerging issues from the support service leaves only a positive impression. All operations are carried out as quickly as possible. The availability of the service - Russification and support for various languages - is an incentive to visit the service again and work with internal cryptocurrencies and the presented rate for withdrawing funds. There are no unnecessary misunderstandings - the open policy of the site allows you to interact with funds at any time, regardless of the general state of the cryptocurrency market.
I also recommend checking out the YObit net exchange
Reliable investments on the Internet
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About the exchange
With the development of cryptocurrency, the popularity and demand for digital currency exchanges has also increased. Their functionality includes the ability to buy or sell electronic money, as well as exchange them. One of the most common exchanges is Exmo .
It was created back in 2013 and during this time it has established itself as a reliable partner for trading and exchanging digital currency among themselves or for fiduciary money.
Exmo is an international platform that conducts an active advertising campaign and attracts new users. Moreover, it should be noted that we are talking about users all over the world. This becomes possible due to the fact that the platform supports many foreign languages, thereby ensuring ease of use of the site.
Registration
In order to gain access to use the exchange, you need to register . This will not require much time or special knowledge. It is quite standard and very similar to a similar procedure that is widespread on other resources.
To do this, you need to fill out the form fields, among which you need to come up with a login, indicate an email address for confirmation and a password. After this, you will receive an email asking you to confirm the correctness of the entered data.
After completing all the steps described, your personal account will become available to you. It is also distinguished by its simplicity and functionality, thanks to the careful and detailed elaboration of all the details by the platform developers.
In addition, to increase the security of personal data, as well as simplify password recovery in case of loss, the user is asked to undergo verification, that is, to confirm his identity. To increase security, the site offers verification. It takes place in several steps, the first of which verifies the identity of the owner of the personal account by providing personal data from the relevant documents. The second step is to provide information about your residential address.
After providing all the necessary information, you need to confirm that the platform can process them.
If your identity passes verification, then additional opportunities open up for you related to expanding the available range of payment systems that allow you to top up your account or withdraw funds.
Account replenishment and withdrawal of money
A distinctive feature of the Eksmo exchange is that it supports a large number of different payment systems that allow you to top up your personal account or, conversely, withdraw money in a convenient way. All of them become available to users who have verified their identity. So, we list the most popular and widespread payment systems - Perfect Money, PayPal, YandexMoney, Visa/MasterCard, Qiwi and some others.
Exchange functionality
Among the main functions inherent in the Eksmo cryptocurrency exchange , two main areas can be named - trading in digital currency and its exchange. In the first case, you can independently create a cell with the selected currency at a price that you consider reasonable, and also purchase another user’s product. In the second case, you get the opportunity to exchange electronic money for fiduciary money, for example, dollars. When making any payment transactions, it is important to consider the commission that the platform charges for its services. It is 0.2%, but it is better to check its size immediately before making payments in case it changes.
In addition, it is important to note that the developers have tried to provide users with convenient functionality for trading to the maximum extent possible. For example, among the tools you have access to the following - when you go to the corresponding section, you will see a chart with a standard pair - Bitcoin-dollar, which clearly demonstrates the dynamics of the currency exchange rate over a certain time period.
You can also submit an application for the purchase or sale of one or another type of electronic currency or analyze already completed transactions.
Advantages and disadvantages of the exchange
When considering the features of this cryptocurrency exchange, one can highlight its inherent advantages and disadvantages.
Advantages –
- Multilingual and user-centric on a global scale by supporting many foreign languages.
This becomes possible thanks to the desire of the developers to distribute and popularize the platform throughout the world. This advantage is one of the most significant, since few exchanges can boast of such an interface. At the same time, this reflects the seriousness of the site’s activities. It is also worth noting the support for the Russian-language version, because this characterizes an even smaller number of exchanges.
- Attentive and competent support service. Unlike many platforms, where you may never get an answer to your question from the support team, in this project this section is implemented in the best possible way.
- A wide range of available options for replenishing your personal account or withdrawing funds.
These operations are available to users in almost any currency. At the same time, the platform reserves the right to charge a commission, which is small, which is also important.
- Intuitive user interface.
Thanks to the developers who paid great attention to the design and functionality of the platform, even inexperienced users can easily understand the tools that are provided for carrying out transactions with funds. In addition, if you have any questions, you can ask them through the use of online chat or by sending a request to the support team.
- Availability of a mirror
If for any reason the exchange is unavailable to users, you can use the mirror site and continue working with your personal account.
Flaws -
- Among the main drawbacks is the lack of a mobile application. This is very inconvenient, because users want to have access to their account from any convenient location. Therefore, this nuance negatively affects the number of platform users. At the same time, many exchanges that have applications are more competitive.
- Small number of available currency pairs. Of course, if we are talking about Bitcoin or Ethereum, then users will not feel any inconvenience. But, as for other types of electronic coins, there are not too many opportunities for exchange here.
Reviews about the exchange
So, reviews about the Eksmo exchange are mostly positive. The negative concerns only the listed inconveniences. Otherwise, users are satisfied with the platform. In addition, to confirm your words, you can independently read the reviews on the official resource. It is worth noting that the developers pay great attention to the development and improvement of the site, therefore, I would like to believe that they will take into account and eliminate the most significant shortcomings for users.
Register on the Exmo crypto exchange
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How to work (how to trade)
The interface is laconic, intuitively simple and clear, so you won’t have to “harness it for a long time”, and after 2 minutes any new user will be able to navigate with ease. There are 3 main sections in total:
Trading - as the name implies, this is actually a place for trading, and this is where you can buy or sell the desired asset.
Immediately below we see buy and sell orders in “glasses”. These are user-posted offers. Offers are sorted by price, with the most profitable for us coming first.
If the prices of other users do not suit us, then we ourselves can place an order, no matter whether to buy or sell. We simply select a “limit” order and place our offer at our price. And that’s it, then we place an order and wait until someone is interested in it. The closer the price of the order is to the prices of the top lines already placed, the faster they will fall for it.
If we are completely satisfied with the prices in the top lines of orders placed by other traders (and it cannot be otherwise, since the competition is the highest, and it is not beneficial for anyone to “bend” prices), then we can (and should) click on orders “by market” ", and quickly make a transaction. In this case, a purchase or sale will be made at the best prices on the market.
Actually nothing complicated:
- you need to select the currency pair you are interested in
- select the transaction method (by market or by limit)
- enter the quantity and perform the operation by clicking on buy or sell.
Let’s say you wanted to instantly buy Ethereum for rubles at the market rate, for example for 10 thousand rubles. There is nothing simpler - select the ETH/RUR currency pair, select the type of market operation, and in the buy ETH column, in the line for the amount of RUR, enter 10,000 and click on buy. That's it, the purchase is done!
Now regarding the question about market and limit transactions. Which type should I choose? This moment throws beginners into a stupor, but in fact it’s nothing complicated. By market, this is when a trade occurs at the best available price in the market, and you will get the best orders in the market, starting with the cheapest. If you choose this option, the transaction occurs instantly. If you choose the limit option, you will need to independently indicate the transaction price, which can be absolutely anything! This creates an order that will wait for its buyer. Naturally, if you raise the price to the skies, then no one will need your offer. By limit, this means that you only want to buy or sell at a certain price. And if the transaction amount is large, then the transaction will occur in parts, as appropriate orders become available. If there are no orders with prices matching your request, you will have to wait until such orders appear. This is the difference between market and limit orders - let’s say you decide to buy bitcoins for a very, very large amount. So, in the case of a market system, the system will sell you first using the cheapest available orders, but since the purchase amount is large, the cheap orders will immediately end, and the rest of your purchase will occur at a higher price. But again, the exchange is designed in such a way that you get the most profitable available orders. And in the case of a limit order, then with a large purchase amount, the purchase will take place in parts and for a long time. If there are no orders on the market that correspond to your established limits, then there will be no purchase. Will have to wait. And at this time the course can behave in any way.
Therefore, the market option dominates. It's really very convenient and instant. It’s not clear why you should even try to save money and chase some pennies when jumps in cryptocurrency rates allow you to turn a blind eye to the little things. Limit transactions are only for professional speculators and have many pitfalls. Firstly, while you are waiting for your order to be executed, the rate may change dramatically, and secondly, on many exchanges there is no protection against inattention, and if you accidentally forget to add a zero to the order, you can instantly sell your assets at an inadequately low price .
For those who did not understand anything about this section, the next one, called “exchange,” was specially created, making the whole process extremely easy. This is exactly what the author of these lines uses.
Exchange is perhaps the most important section, since it exactly copies the functionality of a market transaction in the “Trading” section and was created specifically for the convenience of ordinary investors like you and me. In fact, this is one of the “tricks” and the real highlight of the project - there is nothing like it anywhere else. That is why 90 percent of users need this section - it is here that it is easier, more profitable, and better to make a purchase or sale than to bother with trading. You can buy or sell here instantly and at the best price on the market. Everything is simple here - in the “I give” line you need to indicate the amount and currency for which you want to buy, and in the “I receive” line you need to indicate the currency that you want to buy. The same is the case with sales.
If you forgot what amount is on your balance, you can simply hover over the balance amount on the top right, and the entire available wallet will be displayed.
Wallet - all available wallets are presented here, as well as their balance - in a word, this is where you need to monitor your entire financial situation on the project. You can remove unnecessary unused ones by clicking on “settings” and unchecking them. Very comfortably.
Also, this is the only place where deposits and withdrawals are made. How to top up? To top up the required balance, you just need to click on “top up” next to the required currency. How to withdraw? You need to click on “withdraw” next to the desired asset. Everything couldn't be simpler, right?
Attention! Before entering any funds into the exchange, carefully look at the replenishment limits in your wallet, in the “replenish” column. If you send an amount less than the minimum required deposit to the exchange, the funds will not be credited! This rule applies to all such services.
Exmo also has a personal messaging system and chat, where by clicking on the nickname of any user you can send him a personal message. Unfortunately, there is no important information in the chat other than empty chatter. In no case should you listen to advice in the chat, since those “experts” live there, and after listening to their calls, you can make unprofitable transactions.
You can write to the chat only if you have a balance of 2000$.
Attention, the exchange is constantly developing and new “chips” are constantly appearing on it. Commissions for depositing and withdrawing assets also change frequently. Therefore, some of the data provided may be a little out of date - all this needs to be monitored independently. With each innovation in the header of your personal account, next to your balance, you can see a notification in the form of a bright red circle - it’s hard not to notice. You should always read this notice to stay up to date with all the news and innovations.
Now answers to important questions for beginners that will help you quickly understand this wonderful service:
Exmo Exchange - reviews of 2020 and prospects
Eksmo continues to develop. Currently, new functionality is being tested, in particular, the operation of stop orders. In the future, the developers promise to also introduce a mobile application for their trading platform.
The exchange is most popular among users from Eastern European countries, which is not surprising, given the support of local fiat currencies and payment systems popular in the region.
Reviews about the site are mixed. Some users are completely satisfied with the work of the crypto exchange. Others complain about long waits for a response from technical support, as well as a lengthy data verification process, and periodic problems with withdrawals.
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