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Transferable to your own wallet
Self-custody of cryptocurrencies plays an important role for many users who want to manage their cryptocurrencies and thus their "private keys" themselves and not leave them in the hands of the exchange. Most exchanges offer the option of sending the purchased cryptocurrencies to their own wallet.
Deposit protection is a safeguard for the assets of users of a stock exchange or broker, which is intended to protect investors in the event of insolvency or a high loss due to a hacker attack. Service providers based in Germany are legally obliged to provide deposit protection of €100,000. In some cases, international exchanges have a special insurance policy that covers a certain portion of the assets instead of a deposit guarantee.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
This rating describes our assessment of the fee structure of a stock exchange or broker. It is not only the amount of fees that can differ, but also the type of fees. The most common type of fees for crypto exchanges are the "maker/taker" fees or spreads. In some cases, there are also hidden fees that are not recognizable to users at first glance.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
Exmo is a UK-based exchange that appeals to beginners with its simple interface and a broad range of fiat currencies. However, its limited cryptocurrency selection, issues with account freezes, and mixed customer support reviews may be concerns for some users. While fees are competitive at 0.1%, security reviews indicate potential weaknesses. Overall, Exmo is a decent choice for casual traders but might not meet the needs of more advanced users.
Overview
Quick Facts
Founded in 2013 and headquartered in the UK, EXMO is a globally accessible cryptocurrency exchange with clients and employees hailing from around the world. Presently, the EXMO Trading Platform is available to individuals in over 200 countries.
Informations
Pro's & Con's
Exmo
Features
Feature Overview
Unique Features
- Wide range of accepted fiat currencies
- 192 trading pairs
- Cashback program
Tradable Assets
- Cryptocurrencies
Trading Options
- Derivatives
Exmo
User Interface
Customer Reviews
-- reviews
/ 5 average rating fromWrite a Review
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Exmo
User Reviews
Exmo is guilty of ignoring the key aspect of it's user experience. Their service is limited by the products and cryptocurrencies presented and friction is introduced during the onboarding process where users not only have to pick their login name for the platform but also provide a phone number beforehand just to get started.
Exmo is a dependable UK-based cryptocurrency exchange encased in solid security walls. It has a wide selection of coins and boasts some unique features that aren't available on many other exchanges. It's a great place for traders on either end of the spectrum — from the most seasoned pros, to people dared to dip their toes into the world of trading for the first time — with its minimal fees and front-end user interface.
Although Exmo has been praised for its user-friendly interface and ease of trading, other facets of the platform have been met with less enthusiasm.
The fee structure is recognized for its competitiveness. However, the transparency around the costs of overnight positions and financing could be improved, according to some users.
Exmo has received poor reviews from users, with many reporting issues with withdrawals and account freezes
The support provided by Exmo is typically viewed as a positive experience, largely due to the fast responses and round-the-clock availability. Some critiques have centered on language barriers and unclear messaging.
Exmo is generally well-regarded and trustworthy, with criticisms about its sign-up experience and the minimal amount of tokens available. While fees are similar to others, users do worry about withdrawals and account freezes. Customer support experiences with the platform have different accordingly.
About
Exmo
Exmo
Users?
Score
About the author
At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.
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