How to trade on EXMO?

EXMO – it’s spot crypto exchangewhere users can cryptocurrency trading. To start working, the trader must go through the registration and verification procedures. Only after that, one can deposit funds into one’s balance and start trading. After the deposit, the user will be able to buy and sell digital assets using simple and advanced trading tools on the website exmo.me.

Quick bidding

Platform for trading cryptocurrency in one click. For a quick search, the list of currencies can be sorted into rising and falling currencies. There is also a search bar and a filter by time: per day, week or month. The list of cryptocurrencies shows the change in value, buy and sell prices. After selecting the offer of interest, you can click on the “Buy” or “Sell” button. The service will open a transaction form where you need to enter the number of coins or the amount in fiat that will be spent on the transaction.

Extended bidding

This section of the EXMO website offers a trading terminal with all the data on various currency pairs, charts and forms for creating orders: Limit, Order and Stop. There is also a book of orders and trading history, a list of active orders and all transactions.

Top 5 best cryptocurrency exchanges

Margin trading

The section allows for margin trading. It is possible to make deals and work using leverage.

Orders

You can create several types of orders on the exchange.

Market orders

Market orders can be placed on Exmo. They allow you to buy or sell assets immediately at the price that is available at the time of execution. The advantage of this type of order is the immediacy of execution. The disadvantage is that it is impossible to predict a clear value of the cryptocurrency at which it will be bought or sold.

Ideally, the trader will receive the desired amount at the current exchange rate. But such orders are sold at the market, and there will not necessarily be offers for the amount specified in the order at that value. In this case, the order will continue to buy the asset from the higher offers until all the necessary amount is bought. As a result, the trader will receive the cryptocurrency instantly, but the final value will not be the same as the market value.

Limit orders

Another order you can place on EXMO is a limit order. You can use it to place your order to sell or buy an asset at a fixed cost. Such an order is not executed instantly, but when the market price is set at the level specified by the user. The order amount is deducted from the free balance as well as reserved.

Stop order

Orders do not make bids at the current moment in time. This is an order in which the user can mark, for example, the following: if the price falls below a certain level, you must sell a portion of the amount by creating a Market order. When the condition is met, the stop order will create a Market. It will sell the specified amount of assets. This type of order is needed for the transaction automatically when the specified price is reached, in order to hedge risks in case of a negative movement of the rate.

Such orders are suitable for buying and selling. In the first case, an order to buy the cryptocurrency is executed when the price increases to the level set by the trader. It is used when one expects the price to decrease, but hedges against an increase, which may occur. A buy stop is placed at a price higher than the current price. It is executed for the full amount of the order, not for the amount of assets specified by the trader.

Sell Stop – a pending order to sell in case its price drops to the desired level. It is used if the price growth is expected, but it is necessary to insure yourself against a potential fall. This order is exposed at a price less than that which is at the moment of registration. It is executed for a certain amount of an asset, but not necessarily the trader will receive the total amount specified when placing the order on EXMO.

Taker and maker transactions

Orders created by the user are divided into orders takers and makers. In the first case, an order is placed, which is executed by a reply order instantly. In this way the taker spends liquidity by removing the order from the list. If it is placed on the market or the quick exchange function is used, such a transaction is considered a taker order.

A maker’s order is one that is not redeemed instantly, but remains on the list of bids to be executed in the future. Limit and Stop can be both taker’s and maker’s orders, depending on whether the order has become part of the stock ticker (maker) or has executed an order already present in it (taker).

Instant purchase

The page has a form for quick cryptocurrency purchase. It has fields for entering the amount of purchase and the ability to select currencies for the transaction. A bank card is used for the transaction, so the user must verify his payment instrument. Visa and MasterCard are suitable. Funds are credited to the account within 10-30 minutes. The amount indicated in the form is calculated according to the current exchange rate.

OTC trading

EXMO offers OTC – service for transactions of $50,000 or more. The OTC manager will help to execute the transaction in full at the rate agreed upon with the user, rather than conducting many small transactions. This is a convenient way to conduct OTC large transactions, due to which it is possible to avoid price slippage during transactions in the stock exchange (while the trader acquires orders in blocks, the value may change) and other problems with execution of transactions on different crypto exchanges. Features of transactions:

• Deep Liquidity. The exchange receives and aggregates liquidity from well-known venues to make transactions on different cryptocurrencies with minimal impact.
• Favorable rates and fees that are below the industry standard.
• There is no ceiling for trading.

One of the main advantages of trading via OTC is confidentiality. The transaction is not recorded in the order book of the platform and is not shown publicly, which makes it possible to achieve the highest level of confidentiality. The advantages of OTC also include:

• Zero commission for depositing and withdrawing to the bank account;
• Many payment methods (bank cards, EPS, etc.);
• price fixing;
• individual approach;
• minimizing the risks of the operation;
• confidentiality.

To place an order for an OTC transaction, you need to send an OTC request. To do this, you must fill out a special form and wait for a response from a special manager. The Compliance team of the exchange provide standard documents to verify large transactions. You can communicate with managers via any convenient channel: phone or messenger. When the terms are negotiated and confirmed, the transaction will be executed instantly. The funds will be immediately credited to the user’s account on the exchange. Confirmation and details of the transaction will be sent by e-mail after it is completed. You can optimize the high-frequency operations by connecting the API. This service allows:

• buy and sell assets for fiat and cryptocurrency;
• Place and cancel orders using REST;
• study the history of transactions;
• Monitor balances.

The service uses WebSocket. This protocol provides high efficiency because it does not require a response to each message. The technology gives a 2-way communication session between the software and the server in real time.

VIP status

Exchange users can become VIP-level clients and receive additional benefits. For such users, managers select special offers on deals, offer specially developed tariffs, higher limits for different currency pairs, assistance of a personal EXMO employee and an opportunity to open a corporate account. Such clients can become:

• API traders;
• banks;
• hedge funds and venture capital funds;
• stockbrokers;
• exchange offices;
• payment systems;
• mining companies.

A user who wants to get such a status can apply to e-mail: [email protected] or via messenger Telegram: @EXMO_VIP_Manager. You can also fill out the questionnaire offered on the site.