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What Is The EX-CODE (EXMO-CODE) and How Does It Work?

In this article, you will learn everything about an EX-CODE, which is used for quick and convenient account replenishment, transfer of funds to other EXMO users, as well as outside the exchange space.

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EX-CODEs are no longer available on the exchange. We introduced a new feature instead – EXMO Gift Card. It is a convenient method for transferring crypto funds and replenishing an account. Read more about Gift Cards here.

EX-CODE is a helpful tool for transferring funds (both crypto and fiat) between users of the EXMO platform. This tool is already widely used in online exchangers, as it easily helps to transfer monetary assets outside the exchange space.

EX-CODE is a combination of 57 characters: numbers and Latin letters – so the attempt to guess a combination of such a code will take forever.

While creating the code, EXMO system is blocking the sum on the user’s account, and when the code is activated – money goes to the EX-CODE recipient account. Depositing funds via EX-CODE occurs instantly.

What can EX-CODE be used for?

  1. Transfer funds to another user’s account of the EXMO exchange or generate a code as a gift.
  2. Use the payment methods, which are not available on the EXMO platform, but can be used via cryptocurrency exchangers.
  3. Withdraw funds through the exchangers in fiat currencies, which are not available on the EXMO platform.

Which currencies can it be used with?

To create an EX-CODE, you can use any currencies that are included to the EXMO Trading list: 48 cryptocurrencies and eight fiat – United States Dollar (USD), Euro (EUR), Pound sterling (GBP), Russian Ruble (RUB), Ukrainian Hryvnia (UAH), Kazakhstani tenge (KZT), Polish Zloty (PLN), and Turkish Lira (TRY).

Fees & Limits

When forming EX-CODE with any available cryptocurrency, commission is not charged.

In case of fiat currencies, fees are the following:

  • 0,2% – for creating up to two codes in one currency within a day;
  • 0,6% – when creating the 3rd and following codes in the same currency during the day;
  • 0% – when funds are credited from EX-CODE to EXMO account (in case of activation on the exchange).

There are limits on the maximum amount for the one EX-CODE in Fiat. It is about $20,000 (or equivalent) in most cases. You can check the current limits in your account when creating an EX-CODE.

EX-CODE: A Full Guide

We have prepared a step-by-step EX-CODE guide so you can easily and securely use this tool to deposit an account or transfer money to other exchange users.

How to create an EX-CODE

Step 1. Go to the “Wallet” section

To deposit or withdraw funds via EX-CODE, log in to EXMO and go to the “Wallet” section.

Step 2. Select the currency

Select the currency that you want to withdraw via EX-CODE and click on the “Withdraw” button.


Step 3. Choose a withdrawal method

Select EX-CODE from the available withdrawal methods. The commission rate for the transaction will be indicated in the EX-CODE window.


Step 4. Enter the amount

In the “Withdrawal Amount” field, enter the amount you want to withdraw. The system automatically displays the available balance and takes into account the size of the commission. The total amount will be displayed in the “You will get” field.

For instance, when creating an EX-CODE for $1000, the commission will be only $2. The recipient will be credited $998 ($1000 minus $2) to the EXMO account upon activation.

After filling in all required fields, click the “Withdraw” button.

Please note! If you specify the “Recipient Login” field while creating an EX-CODE, you will create a personalized EX-CODE. Only two people can activate such a code – you and the person whom the code is addressed. Any other user of the platform will receive a refusal in case of an attempt to use the personal code, which is not addressed to the account.

Step 5. Confirm the withdrawal 

Check your e-mail notifications, find the withdrawal confirmation letter, and confirm or cancel the creation of EX-CODE by following the specified link. Click on the withdrawal confirmation link and get your EX-CODE. You can copy it and send it to the recipient. Also, an automatic letter with EX-CODE is delivered to your e-mail registered on EXMO.


Create EX-CODE

How to get money via the EX-CODE

While you have an EX-CODE generated, or purchased via crypto-exchanges, you can instantly replenish your EXMO Wallet without any fees.

Step 1. Select the currency

In the “Wallet” section, choose the needed currency and click on the “Deposit” button.


Step 2. Choose a deposit method

Select EX-CODE from the available deposit methods. The system will automatically indicate the commission rate in the EX-CODE window (0%).


Step 3. Type in the EX-CODE

Type in the EX-CODE in the field that appears and click the “Load EX-CODE” button.

Usually, it takes approximately 30 seconds for the funds to be credited to the account.


How to Use EX-CODE via EXMO Mobile App

Apart from the fact that traders can easily use EX-CODE on the full version of the platform, this option is also available in the EXMO mobile application for Android and iOS.

Step 1. Open the EXMO app on your device and enter the PIN to log into the system.

Step 2. Go to the “Wallet” section.

Step 3. Depending on the asset you want to create an EX-CODE, click on the “Fiat” or “Cryptocurrencies” tab.

Step 4. Choose the type of transaction: load or create an EX-CODE.

Step 5. To create EX-CODE, select the required currency from the options available.

Indicate the amount for which you want to create an EX-CODE in the “Amount” field. The system will display the transaction fee and the total amount you will receive.


Then click the “Create” button and confirm your action via app and e-mail.

Step 6. To load an EX-CODE, enter its digits into the field and click the “Download” button.

Step 7. Confirm the withdrawal or deposit of funds by clicking on the “OK” button, and follow the link from the e-mail you received to cancel or confirm the operation.


EX-CODE and Online Crypto-Exchangers

Many exchangers work with exchanging EX-CODE for fiat currencies. They may also be registered on the EXMO platform and therefore can accept and create new codes, transferring them to other EXMO users.

But, when transferring funds to/from a credit card or a payment service with which the exchanger works, additional fees from this exchanger may be charged.