Cryptocurrencies have revolutionized the global financial industry in recent years. Asian countries, more so than others, seem to have developed a special liking toward this payment method. Having the third-highest uptake of crypto globally, the Philippines show that they are no exception to this rule.
As a result, new crypto companies are sprouting left and right. While many are in the game, some seem to be making a bigger splash than the others.
On the Filipino online gambling scene, one such example is Exmo — a cryptocurrency exchange based in the UK. Being fairly new, it has barely dipped its toes in the global cryptocurrency market, but it already seems to have started stirring things up.
Today we’re going to talk about what Exmo is. We will explore its advantages and disadvantages and learn why it’s a good fit for the Philippine online casinos.
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What Is Exmo?
Exmo is a global cryptocurrency exchange launched in 2014. The company is registered in London, has offices in Moscow and Kyiv, and offers services to customers around the world. It’s currently one of the largest marketplaces for trading, buying, and selling digital currencies in Europe.
Among other great features, Exmo boasts fast transactions, access to a wide array of payment options, and flexible commissions. In 2019, the company even released its own exchange token, called the Exmo Coin (EXM).
How to Buy Cryptocurrencies at Exmo?
If you’re new to the crypto world, it might seem a bit overwhelming. But don’t worry, we’re here to give you a hand.
As we’ve mentioned, Exmo is a trading platform — so, Pinoys interested in using cryptos in online casinos can rely on Exmo to purchase them. To help you do this in the easiest way, we’ve made a step-by-step guide. This is what you should do:
- Open an Exmo account — Go to the official Exmo website and select the Sign In button that’s located in the upper right corner of the page. This will open a new page where you’ll be able to provide some basic information. Type in your username, email address, phone number, and password. After you’ve signed in, you’ll receive an email with a link. Clicking on the link will activate your account.
- Verify your identity — Once you’re registered, go to the Account Verification section. You’ll find five separate verification stages there. To start, you will only have to go through the first two — Identity Verification and Address Verification. You can verify your identity by filling in your personal information (your name, birth date, nationality, and ID number and its expiration date) and providing a colored copy/photo of your ID (driver’s license, ID card, or passport). Besides this, you also have to upload a photo of yourself holding the ID and a piece of paper with the current date and “Exmo” written on it. To verify your address, you’ll have to submit a document not older than 3 months displaying your name and home address. Exmo accepts bank statements, utility bills, tax documents, court documents, or other documents issued by local authorities.
- Sign the agreement — You’ll find the agreement you’ll need to sign on Exmo’s official website. Sign each page and upload it to your Exmo account.
- Deposit funds into your account — After you’ve created your account, the next step is depositing some funds into it. You’ll find all available payment methods in the Wallet section. Choose a currency you want to deposit in — Exmo accepts both fiat and cryptocurrencies. Then, click on the Deposit button next to your preferred option. Bear in mind that you might have to go through Card or Bank Account Verification processes, depending on the payment method you choose. After the verification, you’ll be able to deposit the amount you want.
- Buy cryptocurrencies — To purchase cryptos, click on the Exchange button. This will open a page where you can choose the currency you’d like to buy the coins with and the crypto you’d like to purchase. After that, you’ll just need to enter the desired amount you’d like to exchange. After you confirm the exchange, you should receive the funds in no time. The coins will be stored in an in-house wallet. Every Exmo user gets an access link to their own.
How to Make Deposits in Exmo Online Casinos
With some cryptos in your wallet, you’ll be ready to visit your favorite Filipino casino and get some good value for your money. In case you need help, we’re here to walk you through this process too. Here’s what you’ll need to do:
- Visit the casino’s website — Make sure to choose a casino that’s Filipino-friendly and accepts cryptocurrencies.
- Choose the payment method — On the cashier page of the casino, you’ll find all available banking options. Select the cryptocurrency from the list and copy the casino-generated address. Open your crypto wallet, choose the amount you’d like to deposit, and paste the address into the Send To section. The coins should appear in your balance instantly.
- Happy gaming!
How to Withdraw Funds Using Exmo
To withdraw the funds to your Exmo wallet, you’ll have to open your casino account and go to the Cashier page. Click on the Withdraw tab, select the cryptocurrency from the list of payment methods, and enter the address of your Exmo wallet. After you enter the amount you’d like to withdraw, you can confirm the payment. The pending time will depend on the casino’s processing time. Once your coins are in your Exmo account, you can sell them for fiat currency.
Upsides of Using Exmo
A discussion about any big and successful company leads to one question — what does the company owe its success to? To get the answer, let’s look into the advantages of using Exmo for gambling:
- Speed — Thanks to Exmo, your transfers will be instantaneous. Exmo’s deposits and withdrawals are automatic and take anywhere from a minute to an hour. If you’re used to the standard payment methods like bank wire or credit cards, this will be a huge change for the better. Plus, you’ll have much more time to play.
- Payment options — Exmo offers its users a choice between 10 different fiat currency payment methods and numerous cryptocurrencies.
- Withdrawal fees — The company’s low withdrawal fees are another reason why this platform is a tough competition to beat in the industry. For example, when withdrawing Bitcoins, you’ll be charged only 0.0005 BTC. Moreover, if you prefer Ethereum, you’ll have to pay 0.004 ETH when making a withdrawal.
Downsides of Using Exmo
As you have seen from the previous sections, Exmo’s verification process is pretty lengthy. Although this is how it ensures the safety of your funds and minimizes suspicious logins, the whole procedure is still very complex and tedious for the customers.
Besides that, the fact that the platform was hacked in 2020 and lost 6% of its crypto assets doesn’t help the narrative either. Although the company stated that the attack did not affect transactions info and sensitive user data, it still lost some of the trust it had earned over the years.
Games Available in Exmo Casinos
Regardless of your gambling taste, Exmo casinos’ game collections should keep you happy and satisfied. They host a solid selection of card and table games like blackjack, poker, roulette, craps, and baccarat. Filipino players who prefer the live casino experience won’t be disappointed either. These operators offer a good variety of high-quality streams with professional dealers. Finally, users will also be able to find an ample amount of slots too, from classic, well-known titles to the more niche options.
Exmo Casino Bonuses
The casino’s Promotions page is something that never fails to intrigue gamblers. In Exmo casinos, numerous offers are bound to strike your fancy, as well. Their welcome bonus packages will help you make your first gambling steps with more confidence, while regular promotions should aid you in maintaining that feeling down the road. Depending on the platform, Filipino players can expect free spins, cash bonuses, reloads, rebates, etc.
Exmo Mobile Casinos
The number of players interested in gambling on their phones is constantly growing. Exmo casinos make a lot of effort to meet the needs of their customers in this department as well. Their sites are optimized for mobile phones and compatible with both Android and iOS devices. Since Exmo also has a great mobile app, you’ll be able to both play and buy crypto without ever having to turn on your computer.
Final Thoughts
Thanks to its speed, low withdrawal fees, amicable customer support, and numerous payment methods it accepts, a large number of Filipino casinos are collaborating with Exmo. If you’ve been thinking about playing in crypto casinos for a while, Exmo casinos are a great place to start.