- Tons of payment methods available
- Huge trading limits
- Company is licensed and registered in the UK
- 24/7 support
- More than one language supported
- Number of trading pairs could be higher
- No privacy
- Some of the fees are very high
- US is excluded
Exmo has been incorporated in 2014 and it’s controlled by Exmo Finance LLP. Providing services such as wallet, buying and selling cryptocurrencies, also trading. Since the start of Exmo, it has served more than 920,000 people from around 200 countries. On the website, we see a statement that now there are around 103,000 active traders. To compare, Bitstamp has more than 100,000 new registrations every day. But we see that as an advantage here is faster support or smoother verification process.
Exmo presents different language website versions – English, Spanish, French, German, Italian, Portuguese and many more.
As you have probably noticed already, most of the payment methods presented can guarantee a really fast transactions speed. Therefore deposits take no longer than few minutes. And so cryptocurrency deposit has a good turnaround time as well.
Firstly, limits depend on a trading pair and currency used. It varies from a few to several thousand dollars. But they’re more than enough for a starting trader or cryptocurrency buyer.
Limits for cryptocurrency withdrawals applied like that: 10 for Doge, 0.5 for Litecoin, 0.01 – Bitcoin, 0.1 for both Dash and Ethereum. Different limits apply for a different fiat currency or method used.
Verification process and privacy
In order to use Exmo and make deposits, users must complete verification in the first place. Full name, date of birth are required to fill the verification form. In addition, the user needs to upload a scan of ID, proof of address and a signed agreement must be uploaded as well. We think that privacy here stays much more below the average.
Exmo offers some great security features. It has a 2 Factor Authentication functionality together with SMS verification. Furthermore, users have an option to enable the IP filter. All the traffic goes through SSL.
Exmo can brag by having one of the most advanced support in the market of cryptocurrency exchanges and trading sites. Knowledgebase and support tickets come as a norm, but we love live chat the most. It speaks even in two languages – English and Russian. We found Telegram, Twitter and Facebook account as well. Isn’t that great?
Despite that you probably didn’t know about Exmo yet, it shouldn’t be thrown out somewhere into the bottom of your bookmark list. Its size provides us with amazing support, including live chat. We cannot forget the long list of cryptocurrencies supported as well.
However, the level of privacy is really poor. You’re even forced to sign an agreement if want uses the exchange further. Also, a number of users should improve within time to ensure an uninterrupted flow of digital assets.
Reviewed by Coinsmaniac