The topic of mining and earning on the crypto currency is now at the peak of popularity. An important tool for earning money on digital money are crypto-exchange exchanges, and in particular – Exmo.com. In this article we will look at how to use this exchange for crypto currency, how to register, replenish your wallet, withdraw funds and much more.
Exmo Stock Market Review, pluses and minuses
Exmo is one of the most popular exchanges for the trade and exchange of popular crypto-currencies such as Bitcoin, Ethereum, Dogecoin, Litecoin and Dash, while buying and exchanging these crypto currencies can be made for dollars (USD), euro (EUR), rubles (RUB ) and UAH (UAH).
The trading floor is included in the rating of the top 25 largest crypto-exchange exchanges in terms of trading volume per day. It has been operating for more than 4 years, since 2013, and the main office is in the UK.
Eksmo began her work as a regular exchanger, but the correct development policy allowed him to quickly transform into a full-fledged exchange. The reliability of the site is evidenced by the fact that many Exmo customers have used and still use it simply as a place to store their funds. The attendance of the stock exchange exceeds 6 million visitors a month, the daily trading volume is equivalent to more than 200 million dollars.
Also, the Exmo crypt exchange is characterized by high reliability, it is excellent for long-term investments, so you can easily buy assets and keep it for the better times, and then sell it back at any time. In this case, users are recommended to enable 2F-authentication of the account for additional reliability.
The significant advantages of Exmo are:
- easy to use, exactly suitable for beginners.
- different fiat funds are available.
- a large number of ways to replenish. The platform is ready to accept payments from electronic payment systems Advcash, Perfect Money, Payeer, OKpay, Payza.
- site is translated into 11 languages. Speaking specifically about Russian localization, the translation is just perfect.
- the availability of an affiliate program – if you attract new customers for your referral link, you get for it 25% of the commission that the platform charges
- from referral operations.
- responsive technical support.
- there is a chat room (separate for each language), where you can chat with other traders.
- the presence of cashback – you are returned part of the commission paid at a turnover of 10 BTC per month.
Disadvantages of the trading platform:
- not a robust site exmo.com from some geographical points (Russia).
- Not suitable for working with small amounts, the minimum deposit limits are slightly overstated.
- it is not always possible to withdraw money from bank cards (and for this you still need to undergo a long verification).
- not a wide selection of trading pairs and the absence of exotic coins.
Registration and verification at Exmo
To register on Exmo, you need to go to its official website Exmo.com or Exmo.me (the mirror of the main site for Russian citizens) and in the upper right corner click on the “Register” button or in the center of the page, indicating your current email. After you need to specify a login, a password, accept the terms of the user agreement and confirm that you are not a robot. At the end of this, the “Registration” button will become active, and it will be necessary to press it, confirming the desire to create a personal account. You will receive an email with a link to activate your email. Just click on this link, and then you will open the page for authorization.
The trading platform allows to work anonymously, and verification is not mandatory. If you do not want to provide management with information about yourself, you can not pass verification – you will not be forbidden to trade and withdraw funds without it. But after authenticating the person, you will have additional opportunities – for example, withdrawal in currency to the card, bank transfers and extension of limits. Verification is carried out in four stages. It is aimed at checking your identity, your address and the authenticity of the documents provided.
Exmo.com: how to use
The interface of the exchange is intuitively simple and understandable, so new users will not have to deal with the site for a long time. On the Exmo website, in your personal account, you should pay attention to the top main menu, in which there are 3 main sections: “Bidding”, “Exchange” and “Wallet”.
In the Bidding section there is a place for trading and it is here that you can buy or sell the desired asset. You can also choose which currency pairs will be traded, the chart for this pair will be displayed (you can set its temporary display), and also issue an order to buy or sell a certain crypto currency (enter the amount and amount of purchase).
The trading mode is recommended for those who are aimed directly at trading and will use all the tools necessary for effective trading. If you have already traded on other exchanges, then you will not have any questions about how to trade on Exmo. If you are a beginner, then you need:
1. First of all, at the top of the page choose a trading pair, for example BTC / USD.
2. Next, scroll down the page, where we see 2 functions: buy and sell. In them, enter the number of coins and the price at which you would like to buy / sell.
When placing your offer, you need to focus on the prices placed by other traders in the top lines. The competition is the highest, so it is not profitable for anyone to “bend” prices.
Exmo wallet: how to refill
When you go to the “Wallet” menu tab, you will see a table with the current balance of your account for all currencies and crypto-currencies in the exchange (you can customize the display of what to show in the table and what is not). In this case, opposite to each currency in the table there are buttons “Top up” and “Withdraw”, clicking on which you will be able to replenish the account in Exmo, or withdraw the necessary funds in a convenient way for you (via payment systems, crypto currency purses, bank cards).
By registering on the site, in order to get started, you need to go into this wallet and replenish the account in any convenient way. For example, if you want to bring dollars to the exchange, then click on the “Recharge” button next to the selected currency. Next, you need to select the payment system that you want to use, specify the amount and click the “Add balance” button. Please note that for different payments, different limits apply to the maximum and minimum amount of replenishment and different percentages of commission fees. At the same time, some methods of replenishment require verification.
Exchange allows you to go to the internal exchange office of Exmo, where you can make a quick exchange between simple currencies and crypto-currencies, available on your balance sheet at the rate of the system. This section accurately copies the functionality of the transaction for the Bidding market and is created specifically for the convenience of ordinary investors.
Buy or sell the crypto currency here can be instantly and at the best possible price. In the line I give you to specify the amount and currency for which you want to buy, and in the line I get – specify the currency you want to buy. Similarly, for sales.
Withdraw from Exmo
In the “Wallet” section, through which the account was replenished, you can make a conclusion of the earned profit with Exmo. To do this, you need to click the “Show” button in front of your currency. You need to specify the amount and address of the purse (if you display the fiat, then the purse number in the payment system) and click the “Dispatch” button. Do not forget to consider the commission, which the exchange takes for the transfer. Then confirm the conclusion at the post office.
For each currency and the system has its limits on the withdrawal. You can send BTC-0.01, DASH-0.1, ETH-0.1, DOGE-300, LTC-0.5 to your purse for crypto currency. Also, the conclusion can be impossible if you did not have any trade deals, if during the three previous days you changed the information in your account or after transferring from Qiwi or Yandex wallets three days have not passed.
The commission is relatively low – only 0.2% per transaction. When replenishing from the fi nish payments, the commission is about 3%.
How to make money on Exmo?
To constantly earn on the Exmo exchange, it is necessary to buy selected crypto currencies at a bargain price and sell them when the price rises, but you should always monitor the market and news, and you can also use trading bots.
As the experience accumulates, trading may well be a good additional, if not the main source of income for you, since high volatility of the market opens up opportunities for very large earnings. Of the general trade recommendations for Exmo:
- do not trade for the whole deposit. Conclude deals for 10-30% of the deposit.
- watch the deals, do not let it go.
- fix profits and losses.
- independently accept and analyze trading decisions.
Credo Exchange Exmo
Exmo is dynamically developing and very soon it can take more honorable positions in the general rating of crypto-exchange exchanges – at least opportunities for traders are significantly expanding. If Exmo previously worked with only a few of the most popular crypto currency, today we can see a significant increase in this list.
In general, the trading platform has become quite popular among many users, as it has a Russian version of the site, the exchange itself is simple and reliable in use, a multi-currency purse is convenient, which can be replenished and withdrawn from it using a variety of payment systems and directly to cards banks. With the correct approach in the Exmo crypt exchange, you can earn well on trading with crypto-currencies, as they have recently been growing in price and gaining popularity all over the world.