EXMO Exchange: review and reviews

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Today, cryptocurrencies are taking over an increasing part of the market space. Nowadays, several types of obtaining such cash equivalents have appeared. You can exchange them for national currencies on special exchanges, one of which is Exmo, where customers are offered very favorable conditions for depositing and withdrawing cryptocurrencies. In addition, on the most popular exchange of the Russian-speaking Internet, a client can also earn money on currency transactions.

What makes her stand out?

Among the main advantages that the Exmo exchange has are:

• Ease of use of the service. The exchange website exists in two versions: Russian and English. The interface is elementary, and the functionality can be easily mastered in just a few minutes. For faster and easier operations, the service has special technical equipment.

• Ability to exchange six different currencies: Russian ruble, BitCoin (BTC), US dollar, DOGE, LTC, Euro.

• Options for depositing and withdrawing currency. Among the popular payment systems, you can use WebMoney, Yandex Money, VISA/MASTERCARD, QIWI.

• Profitability of operations. Both when depositing and withdrawing money toThe cryptocurrency exchange either does not charge a commission, or its size is minimal. When making any types of transactions, interest is charged in the amount equal to 0.2% of this transaction.

• Security of any action. the Exmo exchange ensures absolute security of any transactions made by clients. On the technical side, money on Exmo is protected from hacking, from theft by third parties and from all kinds of errors in the code of the most popular cryptocurrency Bitcoin.

• The support service works very quickly and efficiently, feedback responds to each of the messages in just a few seconds. This allows customers to spend not only money, but also their time more efficiently.

• On Exmo you can make currency exchange transactions with various users at the latest market rate.

Exmo-exchange - how to work on it?

As already noted, the service interface is very simple and intuitive. In addition, special tools have been developed for professional traders on the exchange, including:

1. Issuance of loans.

2. Stopploss is a tool that allows you to limit losses, and when prices fall, the currency will be sold out even without a command from the client. At the same time, not every transaction will require a bot for the Exmo exchange.

3. Trailingstop is a tool that deactivates the "Sell Price" field and enters another value - Trailingstop.

4. A complex buy-sell order is a tool that can be useful when buying a currency at a price that is below the market price, andthen selling the same currency at a price set by the customer.

The Exmo cryptocurrency exchange is a project that took more than a year to develop, and when it was created, all the main shortcomings of other services were taken into account so as not to repeat their mistakes. The exchange is focused on users - in order to make it easy and convenient for them to make transactions.

How to get started with a cryptocurrency exchange?

To understand how to trade on the Exmo exchange, you should register on the site. When you create an account on the resource, you will have a personal user account, where there will be all the necessary functionality, including a profile, wallet, trading, news, help, and more.

Using the "Wallet" tab, you can deposit any currency you need. Having chosen the currency and the best way to replenish, click "Top up balance". The majority of users work with the BTC/RUB, BTC/USD and LTC/RUB tabs, and the necessary currencies are configured in the "Wallet-Settings" tab. In this regard, Exmo is very convenient. The exchange works simultaneously with conventional and cryptocurrencies, which is not so common.

When you first withdraw BTC or LTC, you will be assigned a personal wallet to work with cryptocurrencies. After the network is confirmed, the first crediting of funds occurs. The user can also view the history, where data on all deposits and withdrawals of funds will be indicated.

What do you need to be productive?

Forthe main work on the cryptocurrency exchange, you will need the "Trading" tab, where you can view the course for all pairs, track the fluctuation chart for the last month or year. There is also a special online chat for bidders, and at the bottom there are glasses for selling and buying currency. In the "Filled" and "Open" windows, you can see all active orders of other bidders that are provided to buy or sell currency. The Exmo exchange is convenient in that it allows you to make transactions almost immediately after registration.

Main tools and their meaning

The tools of the exchange allow both experienced clients and ignorant beginners to conduct transactions. You can exchange currency both with ordinary users and with experienced traders who use complex schemes and exchange instruments. It is for traders that a lending system has been introduced, orders to buy and sell cryptocurrencies, tools like Trailingstop, Short, StopLoss, and much more. How to trade on the Exmo exchange? The strategies here are numerous. Regular participants of the Forex market, for example, will very quickly and appreciate the tools of the service.

Guidelines

The main principle of the exchange is interaction with users and constant consideration of their needs. The service will be improved in the future, new functionality will appear and new cryptocurrency pairs will be introduced.

Exmo exchange guarantees users the safety of their funds, andEveryone can cooperate with it, as the service focuses on the further development and distribution of cryptocurrencies in our country.

What are the key features?

Exmo is a unique project, the development of which took more than a year, and during the creation of which all the main mistakes of other services were taken into account in order not to repeat the negative experience. Therefore, it can be considered the highest quality, reliable and safe among similar resources for the exchange of cryptocurrencies.

The Exmo exchange, reviews of which are mostly positive, has very significant advantages compared to similar resources. First of all, two features of the project should be highlighted:

• Commission for each transaction in the amount of 0.2%.

• The ability to use full-fledged exchange tools.

The Exmo exchange does not take commissions for depositing funds and is limited only by the minimum rates of payment systems. Therefore, the commission can be considered the smallest among all the exchanges in which cryptocurrency exchanges are made.

During the development of the project, errors made by other services were taken into account that could harm the security of stored data, access to individual accounts, the security of operations for depositing or withdrawing funds, information about users and, in fact, the storage of fiat money and cryptocurrencies. In Exmo, such a problem as the elasticity of transactions has been taken into account and settled.

What was taken into account when developing the project?

Exmo's usability is very convenient because it was developed with optimization and participationusers of other exchange systems. The creators of the project even took into account the experience and opinion of completely strangers who have never used this kind of service. This was done for one purpose - to find out how convenient it is to work with the exchange being created.

The authors of the service have developed an optimal concept, which is constantly being adjusted. Any advice and recommendation from users will help to further improve Exmo, make quality improvements and make the exchange the best place to exchange cryptocurrencies. As reported on the official website of the project, the opinions and reviews of users are necessarily considered and taken into account. With a certain set of wishes repeated many times from a large number of users, it is possible to make changes to some positions.

Trying to develop a project suitable for any range of users, the authors have created a quality service, which includes a quick support service, feedback. Exchange specialists are ready to answer questions at any time, even on holidays and weekends, and try to clarify all difficult and incomprehensible nuances.

Cryptocurrencies new and old

On the exchange, you can change not only the most popular and well-known Bitcoin, but also other cryptocurrencies, such as Litecoin and Dogecoin. The list of cryptocurrencies is constantly changing and expanding, and the user can deposit and withdraw Russian rubles for their further exchange for electronic equivalents. In this regard, you can find such a name for the service as “bitcoin exchange Exmo”.

How to make money on the stock exchangeExmo

The site is ideal for both beginners who want to exchange electronic money at the market rate, and for traders interested in complex exchange instruments. As already noted, the developers have implemented the following tools on the resource: lending, a complex order to buy and sell, Short, StopLoss, Trailingstop and much more.

All this allows not only to invest your funds or exchange electronic money, but also to make a profit on an ongoing basis. Everyone knows the principle of the Forex market - the prices of currency units are in constant motion, and if you correctly calculate their ups and downs, you can make a significant profit. The essence of such earnings is the profitable purchase and sale of monetary units. Through the described service, the user has a similar opportunity to earn on currency fluctuations, but the choice of trading means is much wider. With the help of the exchange, you can trade not only generally accepted currency pairs, as on Forex, but also exchange rubles for cryptocurrency and vice versa. Since this type of currency trading is not very widespread in Russia, the technical support of the service is ready to provide assistance and advice on a 24/7 basis.

The Exmo exchange, which has recently appeared, is constantly developing, conducting a dialogue with users, trying to take into account their needs to the maximum. In the near future, Exmo plans to expand the number of currency pairs, exchange instruments, and optimize usability. Therefore, if any of the users wants to give the company advice, express their opinion or makeinteresting suggestion, you can send feedback via skype exmsupport. The authors of the project claim that every appeal will be heard. Such a system is unique in its kind, so user reviews immediately attributed this feature to positive features.

Principles of legality and protection of rights

Legality is one of the most important principles of the trading system, which will help protect users and their money. The work is carried out in full compliance with UK law, and the project's lawyers are constantly monitoring regulations and developing documentation in order to protect the interests of the exchange and its clients within the legal framework.

Protection system

The developers guarantee that the service provides a guarantee of the safety of funds that are not threatened by either hacking or errors in the cryptocurrency code. To ensure the safety of user funds from possible theft by unknown persons, a special protection system was developed jointly with partner major payment systems.

Exmo supports any initiatives related to the development of cryptocurrencies in Russia and their further distribution as a tool of freedom and financial independence. This exchange is a partner of the Bitcoin Conference, which can help lead to a breakthrough in terms of cryptocurrencies in Russia.

Disadvantages of the exchange

At the same time, if we analyze the reviews about the project, it can be noted that there are also shortcomings. According to some users, when exchanging electronic currencies, sometimessystem failures occur, and the money does not come to the account immediately.

Also a big disadvantage is the commission for withdrawing funds from the system - in some currencies it can reach 6%.