Comparison of Mudrex vs Exmo [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Mudrex vs Exmo comparison!

Your expert: Alejandro Borja

mudrex

Mudrex

  • Threenvest valuation: 3,7/5
  • US legal: No
  • Security: High 4,6/5
  • Mobile App: No
Go exchange

Investing risks losing your money

Your expert: Xavier Tarrasó

exmo

Exmo

  • Threenvest valuation: 3,5/5
  • US legal: No
  • Security: High 4,5/5
  • Mobile App: No
Go exchange

Investing risks losing your money

Main points

Fees

0,25%

Earns

No

Customer service

3/5
≤0,30%

Fees

Yes

Earns

3/5

Customer service


Recommended for

Beginners

No

Trading

No

Passive income

No

Buy and hold

Yes
No

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold


Comparison of fees

Rating

3.9 – Reasonable fees with additional benefits for automated trading.
4.0 – Reasonable fees with strong local support in Europe.

Level

0,25%
≤0,30%

Brief explanation

Mudrex does not charge any trading fees for its automated trading bot services, which is a significant advantage for users looking to maximize their profits without worrying about the cost of each transaction. This fee structure is particularly beneficial for both high-frequency traders and those new to the crypto markets, as it allows them to experiment with different strategies without the burden of additional costs. The absence of trading fees makes Mudrex an attractive platform for users seeking to optimize their trading efficiency and profitability in the cryptocurrency market.
Exmo employs a straightforward fee structure with competitive rates that cater to a wide range of traders. The exchange charges a flat trading fee starting at 0.3%, which can be reduced based on trading volume and by using Exmo’s native token, EXM, for fee discounts. The maker and taker fees are equal, simplifying the fee calculation process for users. In terms of deposits, Exmo does not charge any fees for deposits made through most payment methods. However, withdrawal fees are applied and vary depending on the cryptocurrency being withdrawn. For example, the withdrawal fee for Bitcoin is 0.0005 BTC, which is slightly below the global industry average . Overall, Exmo’s fee structure is transparent and competitive, offering lower fees for high-volume traders and those utilizing their native token for transactions. This makes it an appealing option for both casual and frequent traders looking to minimize their trading costs.

Mudrex

mudrex
Read Mudrex review
  • Security methods: Mudrex places a high priority on security with robust measures to protect user funds and data. This includes using encryption for data protection and storing the majority of user funds in cold storage to reduce the risk of hacking.
  • Reputation and Reviews: Mudrex has garnered positive feedback from users for its innovative platform and customer service. Its unique approach to automated trading through bots has been particularly well-received, contributing to its strong reputation in the crypto community.
  • Transparency: The platform operates on a 'no profit, no fee' basis, which ensures that they only profit when their users do. This policy promotes transparency and aligns the interests of the platform with those of its users.
  • Customer service: Mudrex offers dedicated customer support that assists users with their queries and concerns promptly. This reliable customer service enhances user trust and satisfaction.
  • Innovative investment solutions: The use of algorithmic trading bots allows users to automate their trading strategies, making sophisticated trading accessible to novices and reducing the barrier to entry in the complex world of cryptocurrency trading.
  • Pros
  • User-friendly platform
  • Supports algorithmic strategies
  • Ideal for passive investors
  • Cons
  • Limited direct trading tools
  • Primarily for passive trading

Read Mudrex review

Exmo

exmo
Read Mudrex review
  • Year Founded: Exmo was established in 2013, giving it over a decade of experience in the cryptocurrency market. This long-standing presence indicates stability and reliability in the industry.
  • Volume Managed: Exmo handles a substantial daily trading volume, which ensures high liquidity and smooth transaction processing. This high volume also reflects the platform's popularity and trust among traders.
  • Number of Users: With a robust user base, Exmo supports millions of traders worldwide. This extensive user adoption is a testament to the platform's credibility and trustworthiness.
  • Reputation and Reviews: Exmo has garnered positive reviews for its reliability, user-friendly interface, and competitive fees. The platform's reputation is reinforced by its commitment to security and continuous improvements, making it a trusted choice for many in the crypto community.
  • Security Methods: Exmo employs advanced security measures, including two-factor authentication (2FA) and cold storage for cryptocurrencies. These protocols ensure that user funds and data are well-protected against potential threats.
  • Pros
  • Low trading fees.
  • Wide range of trading pairs.
  • Supports multiple fiat currencies.
  • Cons
  • Limited payment methods.
  • Restricted customer support channels.

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Product selection

Native token

No
No

Earns

No
Yes

NFT marketplace

No
No

Cripto/debit card

No
No

Company information

Full name

Mudrex Inc
EXMO EXCHANGE LTD.

Regulation

Not regulated
Registrado en el Reino Unido

Year founded

2019
2013

Founder

Edul Patel
Ivan Petukhovsky and Pavel Lerner

Payment methods

Transfers

No
Yes

Mastercard

No
Yes

Wire transfer

No
Yes

Card

No
Yes

Comparative table

Mudrex FEATURES Exmo
Mudrex allows users to start with relatively small amounts, making it accessible for beginners.
Minimum Trade
The minimum trade amount on Exmo is low, making it accessible for new traders.
One of Mudrex’s significant advantages is its no trading fee policy on automated bot strategies, which is highly cost-effective.
Trading and Transaction Fees
Exmo has competitive trading fees, with a flat fee model starting at 0.3%, which can be reduced based on trading volume .
While Mudrex supports popular cryptocurrencies, its range is less extensive compared to larger exchanges.
Number of Cryptocurrencies
Exmo supports over 50 cryptocurrencies, providing a good range for trading but fewer than some major exchanges .
Mudrex focuses more on trading strategies than on offering a vast number of trading pairs.
Crypto-to-Crypto Trading Pairs
Exmo offers around 180 trading pairs, giving users reasonable options for trading .
Mudrex provides clear information about its trading strategies and results, but could improve transparency regarding its operational aspects.
Website Transparency
Exmo’s website is transparent, providing detailed information on fees, security measures, and supported assets .
Mudrex does not currently offer a debit or credit card for customers to use in their day-to-day transactions or at their shops.
Credit/Debit Card
Exmo does not offer its own credit or debit card for purchases with cryptocurrencies .
Mudrex offers secure storage options, with a majority of assets held in cold storage ensuring high security.
Storage Offering
Exmo employs robust security measures including cold storage for the majority of user funds .
Offers competitive staking opportunities and rewards, though these might be linked to specific conditions and availability.
Staking and Rewards
Exmo does not currently offer staking and reward features, which limits earning opportunities for users .
The Mudrex platform is accessible via desktop and has a functional mobile interface, although it may lack some features available on the desktop version.
Mobile App and Desktop
Exmo provides a user-friendly mobile app and desktop interface, ensuring accessibility for trading on the go .
Generally responsive and helpful, but there could be improvements in wait times and support hours.
Customer Service
While Exmo offers 24/7 live chat and email support, response times can be slow, affecting user satisfaction .
Deposits are straightforward, but the platform currently lacks support for direct debit/credit card deposits, and withdrawal options could be more diverse.
Deposit and Withdraw
Exmo supports multiple deposit and withdrawal methods, including bank transfers, credit/debit cards, and electronic wallets .

Key features

Analysis tools

Automated trading bots
Basic charting tools, technical indicators

Mobile APP

No
No

Security

High 4,6/5
High 4,5/5

Additional features

Automated trading strategies, staking, Mudrex Coin Sets
Margin trading, staking, Exmo cashback, fiat on/off ramps

Anonymity

Yes
No

Key points

Available cryptocurrencies

Platform for crypto algorithms, not direct trading
50+

User-friendliness

Mudrex offers a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.
Exmo provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making it easy to navigate and execute trades.

Value for money

Provides good value for money with competitive fees and automated trading strategies, making it an attractive option for new and experienced traders.
Offers good value for money with competitive fees and a user-friendly platform, making it a good choice for European traders.

Countries of operation

United States, Canada, United Kingdom, Australia, India
United Kingdom, Russia, Ukraine, Kazakhstan, Poland

Best for

Ideal for traders interested in automated trading strategies and competitive fees.
Ideal for European traders looking for a reliable platform with competitive fees and a user-friendly interface.

Base currencies available

Platform for crypto investments, not direct trading
USD, EUR, RUB, BTC

Account

Trading

Mudrex focuses on automated trading strategies, allowing users to invest in pre-built algorithms. It offers a unique feature but has a smaller selection of cryptocurrencies compared to leading exchanges.
EXMO is a European exchange with a good range of cryptocurrencies and easy fiat integration. It offers competitive fees but lacks advanced trading features.

Deposit and withdrawal

Mudrex focuses on automated trading strategies and supports various deposit and withdrawal methods. Withdrawals are processed efficiently, with competitive fees.
EXMO supports various deposit methods, including bank transfers and crypto. Withdrawals are processed efficiently, with competitive fees.

Account opening process

Mudrex offers a seamless and fully digital account opening process. Users need to provide personal information and verify their identity. The process is quick and typically completed within a day.
EXMO provides a straightforward account registration process. Users need to submit personal information and verify their identity. The process is efficient and usually takes less than a day to complete.

KYC required?

No
Yes

Customer Service

Mudrex offers customer support via email and live chat. The response time is quick, but the support team is not available 24/7, which may be a drawback for some users.
EXMO provides support through email and live chat. The support team is responsive and available 24/7, making it convenient for users needing immediate help.

Security

Mudrex provides strong security with 2FA and encryption. Despite its robust security measures, the platform is not regulated by top-tier financial authorities, which could be a concern for some investors.
EXMO ensures security with 2FA, encryption, and cold storage. However, it is not regulated by top-tier financial authorities, which might be a concern for some users.

Which of these exchanges is for you?

alejandro-borja-analista-de-brokers.webp

Alejandro Borja

As one of the experts on our website, I would recommend Mudrex for anyone interested in cryptocurrency trading, especially if you’re looking to leverage the power of automated trading bots. Mudrex simplifies the process by providing a platform where even those with minimal trading experience can participate effectively. The user-friendly interface and the “no profit, no fee” model make it an appealing choice for both beginners and seasoned traders. Whether you’re looking to actively manage your investments or prefer a more hands-off approach, Mudrex offers tools that can help you achieve your financial goals in the crypto space.
Xavier-tarraso-mascarell.jpg

Xavier Tarrasó

As an expert at Threenvest, I recommend Exmo for its robust security measures, low trading fees, and support for multiple fiat currencies, which make it accessible and cost-effective for a wide range of traders. While the user interface could use an update and customer support response times can be slow, the platform’s reliability and comprehensive features outweigh these drawbacks. Exmo is a solid choice for both new and experienced traders looking for a dependable and secure cryptocurrency exchange.

View all comparisons against Mudrex

View all comparisons against Exmo

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

More comparatives Mudrex and Exmo