A crypto guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. This review of ExMarkets consists of four parts: general info, fees, deposit methods and security.
ExMarkets is a crypto exchange based in the British Virgin Islands that launched in 2018. Out of all exchanges in our Exchange List, there are a few others registered there (BKEX, TOKOK, Infinity Coin Exchange, YunEx, Bankera and Bybit). But, as you know, when it comes to crypto trading, the world is your playing field and the locality of the exchange doesn’t really matter that much.
The company behind ExMarkets is Chain Framework Ltd. The fact that the identity of the company owner is disclosed on the exchange’s website is not a guarantee that the exchange is fair and honest. However, we rather see that the info is on the website than that it isn’t.
ExMarkets Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the trading views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at ExMarkets:
ExMarkets Trading fees
This exchange doesn’t treat takers (persons taking orders off the order book), and makers (persons placing the orders that the first group of persons take off the order book) differently. Instead, they charge something that we call a “flat fee”. This means that they charge both takers and makers 0.12%.
0.12% is a competitive trading fee. Global industry average is arguably around 0.25%, and ExMarkets’s fees are accordingly a fair bit lower than global industry average.
ExMarkets Withdrawal fees
There are a few exchanges out there that have competitive trading fees but then disappoint you when you’re withdrawing crypto by charging excessive withdrawal fees. Luckily for investors interested in trading at ExMarkets, however, this is not an issue here. To our understanding, this exchange only charges the network fees when you withdraw crypto assets. This is very competitive as the global industry average for exchanges charging fixed withdrawal fees is 0.000812 BTC for BTC-withdrawals.
This trading platform offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course bad news to you if you would prefer to use your credit card for any reason. Also, the wire transfers are only possible for the EUR-deposits. For those of you out there who needs a platform where you can deposit fiat currency via credit card, or wire transfer another fiat currency than the EUR, just use our Exchange Finder or the filters in our Exchange List and we’ll help you find your way to the right trading platform for you.