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Tuesday, June 25, 2024

Exnomy Exchange Review: Exnomy Is Legit & Secure Exchange

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About Exnomy Exchange

Exnomy is one of the most technically advanced the DeFi (Decentralized Finance) project and the global winner of the ‘Klaytn Horizon’ competition hosted by Kakao Blockchain affiliate Ground X. Exnomy is designed as Hybrid Decentralized Exchange by the Linkercoin team, providing decentralized services built on blockchain technology. Exnomy combines high stability and fast transaction processing speed using a hybrid decentralized system. It supports multiple cryptocurrency deposits and withdrawals by using smart contracts technology.

How To Sign Up & Start Trading

ExchangeDetails
Exchange NameExnomy Exchange
Exchange TypeCryptocurrency
Withdraw Fee 0.0005 BTC
Support24/7
LangugaeEnglish
Taker Fee 0.05%
Maker Fee 0.00%
WebsiteHomepage

How To Sign Up & Start Trading

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You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

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You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

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Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

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Exnomy Trading fees

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Normally, exchanges distinguishes between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.

Exnomy’s fee for takers is 0.05%. These spot trading taker fees are substantially below the global industry averages for centralized exchanges. Industry averages have historically been around 0.20-0.25% but we now see new industry averages emerging around 0.10%-0.15%. According to Cryptowisser.com’s latest empirical study, the industry average spot trading taker fees were 0.217% and the corresponding spot trading maker fees were 0.164%. 0.05% is – by comparison – far better.

However, that’s not even the greatest part. The greatest part is that this exchange does not charge any fees for makers, thus promoting the liquidity at the exchange. This is a very strong part of Exnomy’s offering and can be really helpful for people interested in not picking up existing orders from the orderbook.

Exnomy Withdrawal fees

Exnomy charges a withdrawal fee of 0.0005 BTC per BTC-withdrawal. This fee is below the global industry average. The current global industry average is 0.000643 BTC per BTC-withdrawal according to this report, so Exnomy’s BTC-withdrawal fee is quite competitive.

Deposit Methods

In order to trade here, you must have cryptocurrency to begin with. The only asset class you can deposit to Exnomy is cryptocurrency. However, if you really like Exnomy but you don’t have any crypto yet, you can easily start an account with an exchange that has “fiat on-ramps” (an exchange where you can deposit regular cash), buy crypto there, and then transfer it from such exchange to this exchange. Use our Exchange Filters to easily see which platforms that allow wire transfer or credit card deposits.

Exnomy Exchange Features

Trading Pairs

Exnomy provides customers with access to a variety of trading pairs, including BTC, ETH, USDT, and others.

Security

Two-factor authentication (2FA) and cold storage of funds are just two of the security precautions that Exnomy uses to protect its users’ money.

Interface that is easy to use

Exnomy provides an interface that is simple to use and comprehend, especially for new users.

Low fees

Exnomy is a popular option for traders since it offers some of the lowest trading fees on the market.

Fast transactions

Fast and dependable transactions are made possible by Exnomy’s high-performance trading engine.

OTC trading

Margin trading is a service provided by Exnomy that enables users to trade using leverage and raise their potential profits.

OTC trading

Exnomy provides big volume traders with over-the-counter (OTC) trading services.

Support for API

Exnomy gives developers access to an API so they may link their trading bots and other apps with the exchange.

Multilingual support

Exnomy provides multilingual help in a number of languages, including English, Korean, and others.

Mobile application

Exnomy provides a mobile app for both iOS and Android devices, making it simple for users to trade while on the go.

Exnomy Conclusion

In conclusion, Exnomy Exchange is a trustworthy and effective cryptocurrency exchange that provides a variety of features to its users, including a large selection of trading pairs, security precautions, affordable fees, an intuitive user interface, quick transactions, margin trading, OTC trading, API support, multilingual support, and a mobile application. For traders who wish to trade cryptocurrencies and take advantage of the different trading choices available, it is a popular option. Users should take caution and do their homework before investing in any cryptocurrency, as with any exchange for cryptocurrencies.

Exnomy FAQ

What is Exnomy exchange?

Exnomy is a cryptocurrency exchange that offers users the ability to trade a wide variety of cryptocurrencies.

Is Exnomy exchange safe to use?

Exnomy prioritizes the security of its users’ funds and employs a number of security measures, including two-factor authentication (2FA) and cold storage of funds. However, as with any cryptocurrency exchange, users should exercise caution and perform their due diligence before investing in any cryptocurrency.

What fees does Exnomy charge?

Exnomy has some of the lowest trading fees in the market, with a flat 0.1% fee on all trades.

Does Exnomy support margin trading?

Yes, Exnomy offers margin trading, which allows users to trade with leverage and increase their potential profits.

What cryptocurrencies does Exnomy support?

Exnomy supports a wide variety of cryptocurrencies, including BTC, ETH, USDT, and many others.

Does Exnomy offer OTC trading?

Yes, Exnomy offers over-the-counter (OTC) trading services for large volume traders.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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