FMFW.io has listed 200+ cryptocurrencies in the Spot market with fees as low as 0.031%.
The exchange enables Margin trading with leverage options of up to 1:25 and a 0.5% liquidation fee. It offers Staking opportunities on 10 digital assets with up to 16% APY and daily payouts.
FMFW.io; Company's Background
The company’s mission is evident in its name, FMFW, which stands for "Free the Money, Free the World”. The centralized exchange offers access to 200+ cryptocurrencies.
The company was founded in 2019 by former CEO Danish Chaudhry. He is the co-founder and general partner of Paper Ventures and managing director at Bitcoin.com. FMFW.io key features:
- Based in Nassau, Bahamas
- 450+ spot markets
- Crypto/USDT pairs
- TokenVerse crypto podcast
The exchange was formerly Bitcoin.com and rebranded to FMFW.io on September 29th, 2021.
However, the rebranding didn’t mean that Bitcoin.com ceased its operation. Instead, both brands are active and operating separately.
FMFW.io Exchange Specific Features
The crypto exchange offers various services, from leveraged trading to crypto converter and staking. Also, based on the available data, you can trade without KYC on this platform. Let's break down some of the standout features that set FMFW.io apart from the competition:
Exchange | FMFW.io |
Launch Date | 2019 |
Levels | 12 Levels |
Trading Fees | Spot/Margin Maker/Taker from 0.1%/0.5% |
Restricted Countries | Afghanistan, Bahamas, Burundi, Cambodia, China, Haiti, Ghana, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, Myanmar, Nicaragua, North Korea, United States, and 10 more |
Supported Coins | 200+ |
Futures Trading | Yes |
Minimum Deposit | $30 |
Deposit Methods | Crypto, VISA, MasterCard, Bank Transfer |
Withdrawal Methods | Crypto, VISA, MasterCard, Bank Transfer |
Maximum Leverage | 1:100 |
Minimum Trade Size | $20 |
Security Factors | 2-Step Verification, YubiKey, Device Management, Whitelist |
Services | Spot market, Margin/Futures trading, Staking, TokenVerse podcast, Crypto converter |
Customer Support Ways | Email, Live Chat, Ticket, Telegram |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Market |
Native Token | No |
FMFW.io Advantages and Disadvantages
Leverage options of up to 1:100, trading fees as low as 0.031%, and a REST protocol API are some of the advantages in this FMFW.io review.
However, to have a balanced look, we must weigh the exchange’s advantages against its disadvantages.
Pros | Cons |
A wide range of spot markets (450+) | Negative user reviews |
API trading and staking services | Geo-restrictions |
TokenVerse podcast | Complex interface |
Fiat options for crypto buy/sell | Lack of transparency about the company’s background |
FMFW.io User Levels
The exchange has implemented a 12-level VIP program offering fee reductions based on 30-day trading volume, which is calculated in USDT.
Level | 30-Day Trading Volume (USDT) |
1 | >= 0 |
2 | >= 3,000 |
3 | >= 10,000 |
4 | >= 50,000 |
5 | >= 100,000 |
6 | >= 1,000,000 |
7 | >= 5,000,000 |
8 | >= 10,000,000 |
9 | >= 100,000,000 |
10 | >= 200,000,000 |
11 | >= 600,000,000 |
12 | >= 1,000,000,000 |
FMFW.io Exchange Fees Explained
The liquidation fee for margin and futures trading is 0.5%. The platform has a tiered cost structure that offers fee reductions based on user level.
Note that specific trading commissions for the futures market are not disclosed on the website. So, we only gather spot/margin trading fees in this FMFW.io review:
Level | Spot/Margin Maker Fee | Spot/Margin Taker Fee |
1 | 0.1% | 0.5% |
2 | 0.095% | 0.45% |
3 | 0.09% | 0.4% |
4 | 0.0875% | 0.35% |
5 | 0.075% | 0.325% |
6 | 0.0625% | 0.25% |
7 | 0.04375% | 0.175% |
8 | 0.035% | 0.1% |
9 | 0.034% | 0.07% |
10 | 0.033% | 0.05% |
11 | 0.032% | 0.0375% |
12 | 0.031% | 0.031% |
FMFW.io Listed Cryptocurrencies
The exchange offers 200+ crypto assets for spot trading in 5 markets, including BTC, BCH, USDT, ETH, and USDC. Popular digital assets available on FMFW:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Solana (SOL)
- Litecoin (LTC)
- Polkadot (DOT)
- Filecoin (FIL)
- PancakeSwap (CAKE)
- ApeCoin (APE)
FMFW.io Margin and Futures Trading
The platform allows for margin trading with leverage options of up to 1:25 on 90+ pairs. It also features a Futures market with 24Crypto/USDT pairs and a maximum leverage of 1:100. Some available assets on the FMFW.io margin/futures markets:
- Margin Pairs: BTCUSDT, BTCUSDC, BCHBTC, LTCBTC, ETHUSDT, and BNBBTC
- Futures: SOL, BTC, ADA, XRP, LINK, FIL, UNI, GMT, APE, KNC, ATOM, DOT, XLM, AAVE, SHIB, BCH, and AVAX
Account Opening and Verification
At the time of writing this FMFW.io review, the sign up page is not available on the exchange’s official website. Users can withdraw up to $100,000 per month without KYC.
We’ll update this heading once the “Sign Up” page becomes available.
FMFW.io App and Trading Platform
The lack of a dedicated mobile application is one of the biggest letdowns in this FMFW.io review. The exchange provides its services via a web-based platform with access to TradingView charts and tools.
TradingFinder has developed a wide range of TradingView indicators that you can use for free.
Is FMFW.io Safe?
The exchange has implemented a System Monitor feature on its website, allowing access to a record of ongoing deposit and withdrawal transactions. FMFW.io also features some other security factors, including:
- 2-Step Verification
- YubiKey support: Hardware security key
- Device management: Monitoring sessions and email notifications for new IP logins
- Whitelist: A list of safe and trusted wallet addresses
FMFW.io Exchange Deposit and Withdrawal
In addition to crypto transactions, the platform supports fiat payments in USD, EUR, and GBP for crypto buy through the MoonPay third-party solution and Bank Transfers.
MoonPay supports the following cards:
- MasterCard
- VISA
- Maestro
The minimum deposit amount is $30, and the maximum daily withdrawal for unverified users is $25,000.
The processing time for crypto deposits/withdrawals varies depending on the used blockchain and the required confirmations. Regarding other methods, credit/debit card payments are usually processed instantly, while bank transfers take longer.
FMFW.io in the Eyes of Users and Experts
The exchange has received mixed feedback. There are 13 FMFW.io reviews on Trustpilot, complaining about account closures, withdrawal issues, and asset freezes.
Trustpilot | 2/5 |
CoinGecko | 6/10 |
All the comments on the FMFW Trustpilot profile are negative (1-star and 2-star), and it hasn’t replied to any of them.
Furthermore, the platform's official website has received a 66/100 "Trustscore" from the ScamAdviser website. Based on the investigations, there have been no reports of scams for FMFW.
FMFW.io Features
The table below summarizes the exchange's additional features and services at a glance:
Staking | Yes |
Yield Farming | No |
Social Trading | No |
Liquidity Pool | No |
Crypto Cards | No |
FMFW.io Exchange Customer Support
The platform boasts 24/7 support through various channels, including email, Telegram, ticket, and live chat.
- Email: support@fmfw.io
- Ticket: Through the Help Center
- Live Chat: Available in the Help Center
- Telegram Group: https://t.me/fmfw_io
FMFW.io Investment and Growth Plans
While the platform doesn’t feature crypto copy trading software, it provides multiple growth plans, including:
- Staking: Available on CVX (2.5% APY), HYDRA (7% APY), LUNA (7% APY), ONT (16% APY), ALCX (13% APY), WBTC (1% APY), STETH (3% APY), HBTC (1% APY), and SNX (2% APY) with a daily payout frequency
- Contests: Seasonal trading competitions (last contest: $250 in SLP Valentine’s Day)
- Affiliate: Up to 50% in referral commissions
FMFW.io Exchange Prohibited Countries
While the exchange strives to operate globally, it can’t provide services in the following countries due to international and local financial/cryptocurrency regulations.
- Afghanistan
- Bahamas
- Burundi
- Cambodia
- Central African Republic
- China
- Crimea and Sevastopol
- Democratic Republic of Congo
- Haiti
- Ghana
- Guinea Bissau
- Iran
- Iraq
- Lebanon
- Libya
- Myanmar
- Nicaragua
- North Korea
- Somalia
- Sudan
- Syria
- United States
- Uzbekistan
- Venezuela
- Yemen
- Zimbabwe
FMFW.io Compared to Other Prominent Exchanges
This section compares the discussed exchange with some other popular brands in the form of a table:
Parameters | FMFW.io Exchange | |||
Number of Assets | 200+ | 700+ | 1300+ | 150+ |
Maximum Leverage | 100x | 1:200 | 1:100 | 125x |
Minimum Deposit | $30 | 1 USDT | N/A | $1 |
Spot Maker Fee | 0.031% - 0.1% | 0.0126% - 0.2% | 0.005% - 0.1% | 0.02% - 0.1% |
Spot Taker Fee | 0.031% - 0.5% | 0.0218% - 0.2% | 0.015% - 0.1% | 0.04% - 0.1% |
Mandatory KYC | No | Yes | Yes | Yes |
Futures Trading | Yes | Yes | Yes | Yes |
Mobile Application | No | Yes | Yes | Yes |
Fiat Payment | Yes | No | Yes | Yes |
Staking | Yes | Yes | No | Yes |
Copy Trading | No | Yes | Yes | Yes |
Writer’s Opinion and Conclusion
FMFW.io provides leveraged trading on 24 cryptocurrencies in the USDT market with leverage options of up to 1:100.
It supports VISA and MasterCard payments via MoonPay with a $30 minimum deposit requirement. The exchange has a poor score of 2 out of 5 on Trustpilot.