Review on EXMO by Fanuel PORPORTY
What is EXMO?
EXMO is a UK-based cryptocurrency exchange that was launched in 2013 by its parent company, EXMO Finance LLP. It is one of the largest cryptocurrency exchanges in Europe, with an average monthly trading volume of $ 1.5 billion. Even if the EXMO stock market offers lower liquidity than others, such as BitMEX, it is a good choice for inexperienced traders to start trading or investing in cryptocurrency.
The stock exchange owner, EXMO Finance LLP, is a registered company and complies with the laws of England and Wales. Although the exchange offers an online wallet to store the coins of its clients, it does not provide any insurance, like Coinbase.
Pros
- EXMO Exchange Says It Provides 24/7 Assistance To Its Customers
- Supports more than 10 payment options
- Over 80 trading pairs
- Multilingual support
- Supports 6 Fiat currencies (EUR, USD, RUB, PLN, UAH, TRY)
- Transparent fee schedule
- Can buy cryptocurrencies without submitting KYC verification
Cons
- Does not support advanced trading options like margin trading
- High fees for payments based on a fiduciary visa
- Supports a limited number of cryptocurrencies
- Even though EXMO does not provide advanced security features, it does offer basic features like 2FA. Users can protect their account by setting 2FA via Google Authenticator (the most popular option) or SMS. In addition to this, users can add the list of trusted IP addresses to which they will connect to the EXMO account.
