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EtherMium

4.2 from 11 votes
Decentralized

Fees

Taker fee

0.2%

Maker fee

0%

Withdrawal fee

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


EtherMium Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of EtherMium consists of four parts: general information, fees, deposit methods and security.

General Information

EtherMium is a brand new decentralized exchange with a lot of interesting features. Among other things, it is the first decentralized exchange to offer stop-limit and market order types.

Decentralized exchanges are becoming increasingly more popular, mostly due to the following factors:

  • They do not require a third party to store your funds, instead, you are always directly in control of your coins and you conduct transactions directly with whoever wants to buy or sell your coins.
  • They normally do not require you to give out personal information. This makes it possible to create an account and right away be able to start trading.
  • Their servers spread out across the globe leading to a lower risk of server downtime.
  • They are essentially immune to hacker attacks.

However, decentralized exchanges normally have an order book with lower liquidity than their centralized counterparts and if you lose your password, it is probably lost forever.

But, as mentioned above, they are definitely gaining market shares against their centralized counterparts. You have probably heard of at least one of the following exchanges that are all decentralized exchanges: MercatoxEtherDeltaBiboxBitshares Asset ExchangeWaves DEXBancor NetworkOpenLedger DEXCryptoBridge DEXStellar DEXOasisDEXIDEXToken StoreBisqNxt Asset ExchangeCounterparty DEXBurst Asset ExchangeOmniDEXCryptoDerivativesCoinpitAirSwap.ioFcoin ExchangeBarter DEXSwitcheo Network, or DEx.top.  Right?

EtherMium supports trading in essentially all ERC20-tokens. On its website, they state they support trading in 1,103 tokens. Also, EtherMium enables fully anonymous trading and instant listing of new tokens.

US-investors can trade here as well.

EtherMium Fees

EtherMium Trading fees

Trading fees are extremely important. The fee levels might seem insignificant at a first glance but in the long run they can add up to substantial amounts.

EtherMium charges takers 0.20%, which is slightly below the global industry average. Makers, however, don’t have to pay anything at all. The exchange gives them a 0.20%-discount meaning that their fee is 0.00% (it’s free). Letting makers trade for free promotes the liquidity at the exchange to the benefit of all traders at the exchange.

EtherMium Withdrawal fees

We have not been able to find any information on EtherMium’s withdrawal fees. We would assume that they only charge the relevant network fees when you withdraw cryptocurrencies, but can’t say for sure. This is potentially a risk for you as an investor. Accordingly, we urge you to make your own analysis of the withdrawal fees at EtherMium before depositing any funds there.

Deposit Methods

EtherMium does not – like all (or at least close to all) other decentralized exchanges – accept any deposits of fiat currency. This means that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) can’t trade at this trading platform. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!

Security

Decentralized exchanges are generally considered “immune to hacks”. Nevertheless, we think it is important to run each and every one of them through Mozilla’s Observatory Test.

When we ran EtherMium in the Observatory Test, it received a B-score, which is very much above average in the cryptocurrency exchange industry. A majority of the exchanges we run in this Observatory Test actually receives F-scores.

All in all, EtherMium offers trading in an extremely wide selection of cryptocurrencies, it has low trading fees, and a strong security. Great work, EtherMium!

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If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.

Good luck!

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