Cryptocurrency is massively gaining popularity. Someone even calls them technologies of the future in the financial sector, and someone earns on speculative growth. Cryptocurrency has become the most profitable and popular asset of the first half of 2017 and how to buy them in Russia, we will tell on the example of the exchange Exmo.
How to buy cryptocurrency on Exmo exchange
Exmo — cryptocurrency exchange focused on the Russian market. So the name became recently — a few years ago. Rebranding was associated with the introduction of new techniques of the trade. In comparison with European and Asian exchanges, Poloniex, Kraken, GDAX, etc. this site is very convenient for private investors with small capital, who work with fractional parts, not only bitcoin, but other.
Benefits of Exmo:
- easy to use interface, available in English and Russian versions. The menu functionality and exchanging intuitive and studied for 10-20 minutes;
- possible sharing of six different currencies: bitcoin (BTC), USD, DOGE, LTC, EUR;
- convenient deposit and withdrawal of money through popular Russian e-wallets Yandex.Money, QIWI and WebMoney, Bank cards Visa, Mastrcard;
- the profitability of operations. Exchange offers one of the best courses on cryptocurrencies. The deposit and withdrawal of money is carried out without commission fee for any transaction on the stock exchange — 0.2% of the amount;
- exchange guarantees 100% transaction security and preservation of personal data specified during registration. According to user reviews Exmo (at the site of about 240 thousand customers from over 100 countries) support responds to any questions immediately.
The concept of trading on Exmo is very similar to conventional broker with the only difference that there are no trading platforms and technical analysis tools.
How to work with exchange:
- Pass the registration. It takes exactly 3 minutes. Then go through the verification procedure. This step is optional, because it’s largely ignored, problems arise at the stage of the withdrawal. Verification is needed for those who will work with the following payment systems:
- Bank transfer;
- payment system Scrill, Neteller, Payza;
- money transfer to Bank cards.
- Study the functionality of the site. The investor may work with 3 main tabs:
“Trades”. Here you can see the quotes of assets in the online mode, charts for the day, month, year. Also in this section the news are published and there is a chat where you can discuss the rate of bitcoin or to express your own opinion. In the Windows “Full” or “Open” you can see orders from other bidders.
“Wallet”. With this tab, the investor can replenish the balance of any currency and view transaction history. The columns show the amount of the balance on the accounts and the amount invested in order to buy or sell.
Under “Settings” you can remove the display of unnecessary currency in the tab “My account” displays information about the transactions.
The replenishment of the wallet is as follows:
- in this section next to the desired currency click “add”. A window will appear where you can choose to make a payment (more than 10) and immediately see the minimum and maximum amount with the commission system. Enrollment almost instantly. For some systems (for example Payza) system of the exchange may ask to verify;
- withdrawal will take time. In this section you can select the account number (the trader may be several).
2.3. “The exchange”. In this section you can exchange existing assets. This section shows the amount of commission and history on all account types.
Specific tools are available now to begin working on the exchange of crypto-currencies Exmo:
- issuance of loans (the so-called variant of leverage);
- stop-loss. Tool to limit your losses working on almost the same principle as an analogue for the brokerage platform;
- trailing. The tool deactivates the field “sale Price”, in which you can enter another value, called the Trailingstop;
- complex order of purchase and sale. Popular tool allows the purchase of foreign currency at below market price and then sell at a price set by the trader.
Work with crypto-currencies can give up to 100% in just one month. This is one of the ways to make money, but there is a risk of a big bubble. Analysts believe that despite the recent growth of the cryptocurrency to historic highs in the short term pullback is possible. But by the end of the year the upward trend will be restored. Exchange Exmo is not only a means to trade, but also investment option. 100% guarantee the safety of the wallet (account) is confident that they can be used even after a year. Invest in the most profitable asset — earn cryptocurrency!
Summary. Exmo is a simple and convenient bitcoin exchange in transactions which takes into account the problems of other sites. It is relatively new, so from the point of view of perfection, it outperforms many of its competitors. Feedback about the positive — you’ll see it on many sites. The main advantage of exchange — the best price of online quotes, and the speed of transaction. It will be interesting to hear the reviews from those who have worked with this bitcoin exchange. Earn on the rise of bitcoin and ether with the exchange of crypto-currencies Exmo right now!