Cryptocurrency Tools: Exmo

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Exmo is a cryptocurrency exchange that allows for the exchange and trading of cryptocurrencies. The exchange section of the website allows for the usual fiat-bitcoin, while when it comes to trading, Exmo allows for speculation on a wide range of cryptocurrency assets. These include betting on assets rising or falling, along with a number of other speculation methods.

Exmo can be used in most countries around the world, but notably users from the US cannot use the platform. There are regulatory prohibitions that stop US traders using platforms with brokers regulated outside the US.

Exmo imposes lower limits on deposits made using cryptocurrencies as the means of payment. Any deposits that are lower than the minimum deposit limit are not usually enrolled in the system. These funds are not returned to the user. There are no maximum limits on what can be deposited. Minimum fees are charged for each transaction. This is set at 0.2%. Other fees are incurred and these are limited to what is charged by the payment processing companies only.

For security, Exmo uses SSL as well as other methods. These include cold wallets, 2FA, and IP recognition.

Exmo offers a comprehensive knowledge base that answers most cryptocurrency questions, while also using email customer support. Exmo has a chat facility too.

While Exmo has proved to be popular, there have been a number of accusations of foul play against the exchange. These include reports over the years of traders being unable to make withdrawals during key trading periods. This sort of behaviour has led to the downfall of other exchanges, so a degree of caution is advised if choosing to use Exmo.

Protecting Your Cryptocurrency And Staying Safe on Exmo

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