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Last update 23.09.2019 09:10
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About Coinmate. Basic information and review

Coinmate Review

Coinmate exchange is a London-based platform that started its work in 2014. The goal of the platform is to provide easy and accessible service for all. Coinmate offers peer-to-peer payments, supporting such fiat currencies as euro and Chech Koruna. The cryptocoins include Litecoin, Bitcoin and Bitcoin Cash.

Learn information about Coinmate limits, and Coinmate fee to decide if this platform suits you.  The site offers very interesting solution to meet the demands of different categories of clients. There are two views of user interface. One of them is very simple and meant for casual traders whose goal is to exchange assets fast. There is also an advanced view of UI with more settings and options. It suits you if you want to know all details and events of the market.

Coinmate is focused upon European users mostly, but customers from other countries can also become its clients. There is a list of available countries on the site of the exchange. The list includes 150 countries of the world. The platform has entered the top list of European exchanges.

There are different payment methods such as SEPA, Sofort, MoneyPolo. Or the funds can be wire transferred to your account. It usually takes a day or two if you are in Europe. US citizens are not served at the exchange.

One can access Coinmate through API, but before you start trading, verification procedure is necessary. It is conducted manually after you provide a couple of documents: ID document with photo and proof of address. Prove your place of living with utility bill. After confirmation of identity, the coins are available for trading.

There is also a Quick Buy option to complete transaction without delay. This variant is not suitable for price conscious customers. The fee does not exceed 0.2% with small variation for taker and maker. Coinmate exchange has a referral system providing 50% of fees for 48 months.

The service does not suit high rollers because of Coinmate limits. The biggest amount you can spend at Coinmate is 100,000 per month.

Coinmate cares about its security, keeping funds in cold storage and using safe SSL protocol. The company uses encryption with air gap  technology . Also, multisig wallet Trezor is employed to make trading safer.

If you encounter some problems on the site, apply to the customer support. There is a ticket system for it. It is also possible to leave the message on a web page and by email. However, you should take into account that members of support team work regular hours with working day from 9 am to 5 pm GMT, so it takes rather long to get a response at times. If you faced complicated situation on week-end, you will have to wait till Monday as these are days off for support department.

The advantages of the exchange:

  • Fast verification
  • Pleasant experience of convenient use
  • Low trading fees
  • Good reputation
  • One of the best variants for Europeans

If this Coinmate review is not convincing enough, discuss pros and cons of Coinmate with other clients at Reddit or Bitcointalk.
There are also other exchanges that are worth checking out. If you want to try other European platform, you can register at Polish Bitmarket. Those who live in Asia, can try Hong Kong Gatecoin and Mercatox. Cryptocurrency market of North America is presented by Bitso exchange, based in Mexico. Crypto enthusiasts in Australia and New Zealand frequently apply to Nexchange, NZ-based highly reputable cryptocurrency platform.
 

 

About Coinmate. Basic information and review ☘☘☘ - average rating 5 from 5 (based on 40 user reviews)