Exmo Review 2024

Autor

Revisor

Last update: 9 months ago

Our veredict

Exmo presents itself as a robust and reliable cryptocurrency exchange with a strong emphasis on security, a wide array of trading pairs, and a user-friendly interface, making it suitable for both beginners and experienced traders. One of Exmo’s standout features is its competitive low fee structure, which is appealing to traders looking to maximize returns on trades. The exchange supports multiple fiat currencies, enhancing accessibility for users globally, and offers over 190 trading pairs, ensuring a broad market reach.

On the downside, Exmo faces some limitations. These include restricted payment methods and customer support channels, which might affect user convenience and satisfaction. There’s also an absence of advanced trading features, which might not cater to the needs of more sophisticated traders looking for complex trading tools and capabilities. Despite these limitations, Exmo’s established market presence since 2013 and adherence to regulatory standards in the UK provide a level of reliability and trustworthiness.

Pros

Cons

Investing risks losing your money

3,5

Threenvest Score

Fees

≤0,30%

U.S Legal

With the confidence of Threenvest

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.

Best Crypto Exchanges

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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

About Exmo

Introduction:

Exmo is a well-established cryptocurrency exchange based in the UK, known for its wide range of supported cryptocurrencies and robust security measures. Catering to both beginners and seasoned traders, Exmo offers a user-friendly platform with competitive trading fees and high liquidity.

What is Exmo?

Exmo is a cryptocurrency exchange that allows users to trade a variety of digital assets. It supports over 50 cryptocurrencies and multiple fiat currencies, including USD, GBP, and EUR. The platform provides tools for spot trading and margin trading, making it suitable for different trading strategies.

Background and History:

Founded in 2013, Exmo has grown to become one of the most reputable exchanges in the industry. It was established to provide a secure and efficient platform for trading digital assets, and over the years, it has expanded its services and user base. Exmo has consistently focused on enhancing its security protocols and user experience, ensuring it remains competitive in the rapidly evolving crypto market.

Founders:

Exmo was founded by a team of financial and IT professionals with a vision to create a reliable and user-friendly cryptocurrency exchange. The founders’ backgrounds in finance and technology have been instrumental in developing a platform that meets the needs of a diverse range of traders.

Fun Facts:

Exmo supports over 200 trading pairs, providing ample opportunities for diversification.
The exchange has a mobile app that allows users to trade on the go.
Exmo has implemented two-factor authentication and cold storage to enhance security.

Interesting Facts:

Exmo’s headquarters are in the UK, but it serves a global user base with strong presences in Europe, Asia, and Latin America.
The platform processes millions of dollars in daily trading volume, ensuring high liquidity for its users.

Headlines:

“Exmo: Over a Decade of Trusted Crypto Trading”
“Exmo Enhances Security with Cold Storage Solutions”
“Global Reach: Exmo’s Presence in the Crypto Market”

Why Choose Exmo?

Choosing Exmo for your cryptocurrency trading needs comes with numerous benefits that make it a strong contender in the market. One of its standout features is the low trading fees, starting at just 0.05%, which significantly reduces the cost of trading and allows you to maximize your returns. Additionally, Exmo’s high liquidity ensures that you can quickly and efficiently execute trades, even for large volumes, without experiencing significant price slippage.

Exmo’s support for multiple fiat currencies, including USD, GBP, and EUR, makes it exceptionally convenient for international users. This broad fiat support simplifies the process of depositing and withdrawing funds, making Exmo accessible to traders from various regions. Furthermore, the platform’s strong security measures, such as two-factor authentication and cold storage, provide a secure trading environment that safeguards your assets and personal information.

For those seeking a reliable and user-friendly trading platform, Exmo’s long-standing presence in the cryptocurrency market since 2013 speaks volumes about its credibility and stability. Despite its minor drawbacks, such as a dated user interface and slower customer support response times, Exmo’s comprehensive features and robust security make it a solid choice for both novice and experienced traders. At Threenvest, we believe Exmo’s combination of low fees, high liquidity, and strong security makes it an excellent option for anyone looking to trade cryptocurrencies confidently and efficiently.

Where it falls short

User Interface: One of the most significant areas where Exmo could improve is its user interface. While functional, the current interface feels dated compared to newer exchanges. Modernizing the design to be more intuitive and visually appealing would enhance the user experience, especially for beginners who might find the current layout less engaging.

Customer Support: Exmo’s customer support response time is another area needing improvement. Users have reported slower response times compared to other exchanges. Implementing more responsive support options, such as live chat or dedicated phone support, would significantly improve user satisfaction. Faster and more efficient customer service would help address user issues promptly, enhancing overall trust and reliability in the platform.

Features	Explanation
Minimum Trade	The minimum trade amount on Exmo is low, making it accessible for new traders.
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 .
Number of Cryptocurrencies	Exmo supports over 50 cryptocurrencies, providing a good range for trading but fewer than some major exchanges .
Crypto-to-Crypto Trading Pairs	Exmo offers around 180 trading pairs, giving users reasonable options for trading .
Website Transparency	Exmo’s website is transparent, providing detailed information on fees, security measures, and supported assets .
Credit/Debit Card	Exmo does not offer its own credit or debit card for purchases with cryptocurrencies .
Storage Offering	Exmo employs robust security measures including cold storage for the majority of user funds .
Staking and Rewards	Exmo does not currently offer staking and reward features, which limits earning opportunities for users .
Mobile App and Desktop	Exmo provides a user-friendly mobile app and desktop interface, ensuring accessibility for trading on the go .
Customer Service	While Exmo offers 24/7 live chat and email support, response times can be slow, affecting user satisfaction .
Deposit and Withdraw	Exmo supports multiple deposit and withdrawal methods, including bank transfers, credit/debit cards, and electronic wallets .

Investing risks losing your money

Xavier Tarrasó

EIP and Cryptocurrency Investor

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.

Fees

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.

Pros

Pro - Low Trading Fees: Exmo offers competitive trading fees starting at 0.3%, which can be reduced further based on trading volume and by using EXM tokens.
Pro - Transparent Fee Structure: Exmo's fee structure is straightforward and transparent, ensuring traders are fully aware of the costs involved in their transactions.
Pro - No Deposit Fees: Most deposit methods on Exmo are free of charge, making it easy to fund your account without incurring additional costs.

Cons

Product selection

Exmo offers a wide range of services and products tailored to both novice and experienced traders. The platform supports over 50 cryptocurrencies and around 180 trading pairs, providing ample trading options. Exmo features spot trading, margin trading with up to 3x leverage, and a transparent fee structure starting at 0.3%. Additionally, Exmo provides robust security measures, including two-factor authentication and cold storage, as well as multiple deposit and withdrawal methods such as bank transfers, credit/debit cards, and electronic wallets. While Exmo lacks its own credit or debit card and staking rewards, its comprehensive trading tools, user-friendly mobile app, and strong customer support make it a reliable choice for cryptocurrency trading.

Pros

Pro - Wide Range of Cryptocurrencies: Exmo supports over 50 cryptocurrencies, offering diverse trading options for users.
Pro - Robust Security Measures: Exmo employs strong security protocols, including two-factor authentication and cold storage for user funds.
Pro - Margin Trading: The platform provides margin trading with up to 3x leverage, catering to more experienced traders.

Cons

Read more about product selection in Exmo

Services and Products Available on EXMO

EXMO offers a comprehensive suite of services and products tailored for cryptocurrency traders and investors. Here is a detailed overview of what EXMO provides:

Spot Trading: EXMO enables users to trade a wide range of cryptocurrencies in real-time. It supports over 50 cryptocurrencies and more than 180 trading pairs, including popular ones like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). The platform is designed to facilitate seamless trading experiences with various order types such as market, limit, and stop orders.
Margin Trading: For users looking to leverage their positions, EXMO offers margin trading. This feature allows traders to borrow funds to increase their potential returns. The margin trading interface is user-friendly, making it accessible even to those new to leveraged trading.
EXMO Coin (EXM): EXMO has its native utility token, EXMO Coin (EXM). This token can be used to pay for trading fees at a discounted rate, participate in various promotional activities, and gain access to exclusive features on the platform.
Staking and Earn Programs: EXMO provides staking opportunities where users can earn rewards by holding and staking their cryptocurrencies on the platform. This feature is part of EXMO’s efforts to offer passive income opportunities to its users.
API for Automated Trading: For advanced traders and developers, EXMO offers a robust API. This allows users to integrate their trading bots and automated trading strategies with the platform, enabling them to execute trades programmatically and monitor their accounts in real-time.
Fiat Integration: One of EXMO’s standout features is its support for fiat currencies. The platform supports multiple fiat currencies, including USD, EUR, GBP, and RUB. Users can deposit and withdraw these currencies through various methods, including bank transfers and credit/debit cards.
Mobile App: EXMO provides a mobile application available on both Android and iOS devices. The app offers all the functionalities of the web platform, allowing users to trade, monitor their portfolios, and manage their accounts on the go.
Educational Resources: To assist users in navigating the complexities of cryptocurrency trading, EXMO offers educational resources, including articles, tutorials, and a comprehensive FAQ section. This helps both beginners and experienced traders enhance their knowledge and trading skills.
Launchpad: EXMO’s launchpad allows new cryptocurrency projects to raise funds and gain exposure by conducting Initial Exchange Offerings (IEOs) on the platform. This feature supports blockchain startups and provides investment opportunities for EXMO users.
Referral Program: EXMO has a referral program that rewards users for inviting others to join the platform. Referrers can earn a percentage of the trading fees generated by their referrals, providing an additional income stream.

EXMO continues to expand its offerings and improve its platform to cater to the evolving needs of the cryptocurrency trading community. Its combination of diverse services, user-friendly interface, and robust security measures makes it a competitive choice for both new and experienced traders.

Account opening

Opening an account on Exmo is a straightforward process designed to get you trading quickly. Start by visiting the Exmo website and clicking on the “Create Account” button. You will be prompted to enter your email address and create a secure password. After submitting this information, check your email for a verification link and click on it to verify your account. Once your email is verified, log in to your new Exmo account. To enhance security and comply with regulations, complete the Know Your Customer (KYC) process by providing proof of identity and address. This verification typically takes up to one hour. After your account is verified, you can deposit funds using various methods, including bank transfers and credit/debit cards, and start trading cryptocurrencies on Exmo’s platform .

Pros

Pro - User-Friendly Registration: The account opening process on Exmo is straightforward and user-friendly, making it easy for beginners to get started.
Pro - Multiple Verification Methods: Exmo offers several verification methods, including proof of identity and address, ensuring a secure trading environment.

Cons

Con - KYC Required for High Limits: To access higher deposit and withdrawal limits, users must complete the Know Your Customer (KYC) process, which can be time-consuming for those depositing more than $10,000 per month .
Con - Lengthy Verification Time: The verification process can take up to one hour, which might be inconvenient for users who want to start trading immediately.

How to Sign Up on Exmo

How to Sign Up:

Visit the Exmo Website: Navigate to the official Exmo website.
Create an Account: Click on the “Create Account” button and enter your email address and a secure password.
Email Verification: Check your email for a verification link from Exmo. Click the link to verify your email address.
Log In: Once your email is verified, log in to your new Exmo account.

Opening an Account:

After logging in, you will need to complete the Know Your Customer (KYC) verification process to access all features. This involves providing proof of identity (such as a passport or ID card) and proof of address (such as a utility bill or bank statement). The verification process typically takes up to one hour.

Buying Your First Cryptocurrency:

Deposit Funds: Use one of the supported deposit methods (bank transfer, credit/debit card, etc.) to add funds to your Exmo account.
Select Cryptocurrency: Choose the cryptocurrency you wish to buy from the trading platform.
Place an Order: You can place a market order to buy at the current market price or a limit order to buy at a specific price.
Confirm Purchase: Review the details of your order and confirm the transaction. The cryptocurrency will be credited to your Exmo wallet.

Account Types:

Exmo offers different account levels based on verification status and trading activity. Verified accounts have higher deposit and withdrawal limits and can access more features, such as margin trading.

How to Use Exmo:

Exmo’s platform is user-friendly, with an intuitive interface for both desktop and mobile users. You can trade various cryptocurrencies, monitor real-time market data, and use advanced trading tools. The platform supports different order types, including market, limit, and stop orders, to accommodate various trading strategies.

Registration and KYC:

Completing the KYC process is essential for security and compliance. It involves submitting identification documents and proof of address. Once verified, you can fully utilize Exmo’s services, including higher transaction limits and additional security features like two-factor authentication.

How to Deposit Money:

Exmo supports multiple deposit methods, including bank transfers, credit/debit cards, and electronic payment systems. You can find detailed instructions and options in the “Deposit” section of your Exmo account dashboard.

Security

EXMO, founded in 2013 and headquartered in London, is a well-established cryptocurrency exchange known for its reliability and security. The platform supports over 50 cryptocurrencies and eight fiat currencies, offering more than 180 trading pairs. EXMO is designed to cater to both beginners and experienced traders, boasting a user-friendly interface and competitive trading fees starting at 0.05% per trade. However, it does have some drawbacks, such as limited payment methods and occasional customer support delays . One of EXMO’s strongest points is its robust security measures, including two-factor authentication and cold storage for user funds. Additionally, the exchange provides various deposit and withdrawal options, including bank cards and e-wallets. Despite these strengths, users have reported issues with slow customer service response times and limited advanced trading features. Overall, EXMO is a solid choice for those looking for a straightforward, low-cost trading platform .

Pros

Cold Wallet Storage: EXMO uses cold wallets to store the majority of user funds, protecting them from online hacks and thefts .
Two-Factor Authentication (2FA): The platform offers two-factor authentication options, such as Google Authenticator and SMS, enhancing account security .
SSL Encryption: EXMO employs SSL encryption to safeguard user data and personal information during transmission, ensuring secure communications between users and the platform .

Cons

Not Fully Regulated: Although EXMO has a license from the UK's FCA, it operates in a jurisdiction that is not known for strong regulatory activity protecting traders .
History of Downtime and Complaints: There have been numerous reports of downtime and user complaints about deposit and withdrawal issues, as well as the infamous kidnapping incident involving the managing director, which raises concerns about the overall safety and reliability of the platform .

Is EXMO Legit?

Yes, EXMO is a legitimate cryptocurrency exchange that has been operating since 2013. It is headquartered in London, which lends it credibility, and it also holds a license from the UK’s Financial Conduct Authority (FCA). However, it is important to note that while it has a license, EXMO operates in a regulatory environment that may not be as stringent as other jurisdictions known for strong trader protections.

Regulation

EXMO is not fully regulated in the same way that some other major exchanges are. It has a license from the UK’s FCA, which provides some level of oversight, but it is not considered a highly regulated platform compared to exchanges that operate in jurisdictions with stricter regulatory frameworks. This partial regulation can be seen as a positive step, but it does not equate to full regulatory compliance across all aspects of its operations.

Is EXMO Safe?

EXMO implements several security measures to protect user funds and data. These include:

Cold Storage: The majority of user funds are kept in cold wallets, which are offline and therefore more secure against hacking attempts.
Two-Factor Authentication (2FA): EXMO offers 2FA to add an extra layer of security to user accounts, using methods like Google Authenticator and SMS.
SSL Encryption: All data transmitted between users and the platform is encrypted using SSL, ensuring that sensitive information is protected during transmission.

Despite these measures, EXMO has experienced some security incidents in the past, such as a DDoS attack in December 2017 and the kidnapping of its managing director, which raised concerns about its overall security. These events highlight the importance of users taking additional personal security measures when using the platform.

Conclusion

EXMO is a generally safe and legitimate platform for trading cryptocurrencies, with strong security measures in place to protect user assets. However, potential users should be aware of its partial regulatory status and past security incidents. The exchange is best suited for users who prioritize low fees and a user-friendly interface over advanced trading features and comprehensive regulatory oversight.

Customer service

EXMO offers a variety of customer support options to address user queries and issues. These include a 24/7 live chat feature and email support, allowing users to submit tickets and receive assistance. The platform also has an extensive knowledge base and FAQ section to help users find answers to common questions independently. While these support channels provide basic help, the response times can be slow, and many users have reported waiting long periods to get their issues resolved. This has been a notable point of criticism. Overall, while EXMO provides several avenues for customer support, including live chat and email, it often struggles with response times, which can be a drawback for users requiring quick assistance.

Pros

24/7 Live Chat and Email Support: EXMO offers round-the-clock live chat and email support, providing users with assistance at any time of day.
Comprehensive Knowledge Base: The platform has an extensive FAQ section and knowledge base, helping users find answers to common questions quickly.
Multilingual Support: EXMO provides customer support in multiple languages, catering to a diverse user base from around the world.

Cons

Read more about customer service in Exmo

Customer Service at Exmo

Customer Support:

Exmo provides customer support through several channels to assist users with their inquiries and issues. The primary methods of contact include email support and a ticketing system on their website. While Exmo does not offer phone support, they have an extensive FAQ section that addresses common questions and issues.

Reputation and Customer Feedback:

Exmo has generally received positive feedback from its users, particularly praising the platform’s reliability and security. Users appreciate the low trading fees and the wide range of supported fiat currencies, making it convenient for international traders. However, some users have noted that the user interface feels a bit outdated, and there have been occasional complaints about the responsiveness of customer support.

Contact Methods:

Users can reach Exmo’s customer support through the following methods:

Email: Users can send their inquiries to Exmo’s support email address for assistance.
Ticketing System: On the Exmo website, users can submit a support ticket detailing their issue or question.
FAQ Section: Exmo’s comprehensive FAQ section covers many common issues and questions, providing quick answers and solutions.

Response Time

The response time for customer support inquiries at Exmo can vary. While some users report receiving prompt and helpful responses, others have experienced longer wait times. Generally, users can expect a response within 24-48 hours, but more complex issues might take longer to resolve.

Additional Considerations

For users who require immediate assistance, the FAQ section is a valuable resource that can often provide instant answers. Additionally, Exmo’s social media channels, such as Twitter and Facebook, can be useful for getting updates and connecting with other users. Overall, while Exmo’s customer support might not be the fastest in the industry, its comprehensive FAQ and support ticket system provide a solid foundation for addressing user issues.

Conclusion

Exmo offers multiple channels for customer support, including email, a ticketing system, and an extensive FAQ section. While response times can sometimes be slower than desired, the platform’s reliability and low trading fees make it a popular choice among users. Improvements in customer support responsiveness and user interface design could further enhance the overall user experience.

Is exmo Right for You?

You Value Low Trading Fees and High Liquidity: If you prioritize low trading fees and high liquidity for your cryptocurrency transactions, Exmo is a strong contender. With trading fees starting as low as 0.05% and a high volume of trades ensuring swift transactions, Exmo provides a cost-effective and efficient trading experience.
You Need Support for Multiple Fiat Currencies: Exmo is an excellent choice if you need to trade with multiple fiat currencies. The platform supports USD, GBP, EUR, and several other currencies, making it accessible and convenient for users from various regions. This multi-fiat support simplifies the process of depositing and withdrawing funds.
Security is a Top Concern: For users who prioritize security, Exmo offers robust measures including two-factor authentication and cold storage for cryptocurrencies. These features ensure that your funds and personal information are well-protected, providing peace of mind for those concerned about the safety of their digital assets.

Exmo might not be the right fit if you need very high leverage for margin trading or if you require the latest in user interface design and fast customer support response times. However, its strengths in low fees, fiat support, and security make it an attractive option for many traders.

Exmo compared to other crypto exchanges

Threenvest score

3,5

Fees

≤0,30%

US Legal

Security

High 4,5/5

Investing risks losing your money

Threenvest score

4,9

Fees

0,08%

US Legal

Yes

Security

High 4,9/5

Investing risks losing your money

bingx

Threenvest score

4,7

Fees

US Legal

Yes

Security

High 4,9/5

Investing risks losing your money

Available cryptocurrencies and countries available

Available Cryptocurrencies and Countries on Exmo

Exmo supports a diverse range of over 200 cryptocurrencies, offering a broad selection for traders. Key cryptocurrencies available on the platform include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Stellar (XLM). However, some less common altcoins may not be available on Exmo. The platform is accessible to users from many countries worldwide, with a strong presence in Europe, the UK, and several countries in Asia and Latin America. However, residents of certain countries are restricted from opening accounts on Exmo. These restricted countries include the United States, Japan, and Canada, due to regulatory requirements. As a result, users from these regions will need to look for alternative exchanges to meet their trading needs.

Main cryptocurrencies available

Bitcoin (BTC)
Ethereum (ETH)
Ripple (XRP)
Litecoin (LTC)
Bitcoin Cash (BCH)
Cardano (ADA)
Stellar (XLM)
Monero (XMR)
Dash (DASH)
Zcash (ZEC)
EOS (EOS)
NEO (NEO)
Tron (TRX)
IOTA (MIOTA)
Tezos (XTZ)
Dogecoin (DOGE)
Chainlink (LINK)
Polkadot (DOT)
Uniswap (UNI)
Solana (SOL)

Main countries where you can open an account

United Kingdom
Australia
Canada
Denmark
France
Germany
India
Indonesia
Italy
Malaysia
Mexico
Netherlands
Nigeria
Poland
Russia
Singapore
South Africa
Spain
Sweden
Ukraine

FAQs

1. What cryptocurrencies can I trade on Exmo?

Exmo supports over 50 cryptocurrencies, including popular options like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Cardano (ADA). This wide selection caters to both beginners and seasoned traders.

2. How can I deposit funds into my Exmo account?

You can deposit funds into your Exmo account using various methods, including bank transfers, credit/debit cards, and several electronic payment systems. Exmo supports multiple fiat currencies like USD, GBP, and EUR, making it convenient for users worldwide.

4. Is Exmo safe to use?

Yes, Exmo employs robust security measures, including two-factor authentication and cold storage for cryptocurrencies. These measures ensure the safety of your funds and personal information.

3. What are the trading fees on Exmo?

Exmo offers competitive trading fees starting as low as 0.05% per trade. Fees may vary based on your trading volume and the type of transaction. Detailed fee information can be found on Exmo’s official website.

7. Does Exmo offer margin trading?

Yes, Exmo offers margin trading with leverage up to 3x. This feature allows traders to amplify their trading positions, although it comes with increased risk and is recommended for more experienced traders.

6. How do I contact Exmo customer support?

You can reach Exmo customer support through their email and ticketing system on their website. While there is no phone support, the comprehensive FAQ section on their site addresses many common issues and queries.

5. Can I use Exmo in my country?

Exmo is available in many countries, including the UK, Germany, Australia, and many others. However, it is not accessible to residents of the United States, Japan, Canada, and a few other restricted countries. Check Exmo’s website for a complete list of supported countries.

Final opinion on Exmo

Exmo stands out as a versatile and secure cryptocurrency exchange, catering to a wide range of traders with its extensive list of over 50 supported cryptocurrencies and multiple fiat currency options. The platform’s competitive trading fees, starting at just 0.05%, make it an attractive choice for cost-conscious traders. Exmo’s robust security measures, including two-factor authentication and cold storage, provide users with confidence in the safety of their funds. Additionally, the platform’s support for margin trading with up to 3x leverage, although lower than some competitors, offers an extra layer of trading flexibility for more experienced users.

However, Exmo does have areas for improvement. The user interface, while functional, feels a bit outdated compared to newer exchanges, and customer support response times can be slower than desired. Furthermore, the exclusion of users from the United States, Japan, and Canada limits its global accessibility. Despite these drawbacks, Exmo’s strong points, such as low fees, high liquidity, and a wide range of supported fiat currencies, make it a compelling option for many traders. At Threenvest, we believe that with a few updates to its user interface and faster customer support, Exmo could further solidify its position as a top choice for cryptocurrency trading.

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.

Do not invest unless you are fully prepared to lose the entire amount of your investment. This is a high-risk activity, and you should not rely on any guarantees of protection if something goes wrong.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.

Investing risks losing your money