According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 0.001 BTC
- Quick Crypto Trading
- Advanced Trading
- USD and USDT are not available, lower fees for higher trading volumes
Our Evaluation of CoinMate
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
CoinMate is a high-risk cryptocurrency exchange with the TU Overall Score of 2.75 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by CoinMate clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
CoinMate is a crypto exchange, where you can buy and sell the most popular cryptocurrencies, including for fiat money. The exchange offers its clients discounts on fees, referral rewards and a trading platform with the required functionality for market analysis.
Brief Look at CoinMate
CoinMate is a cryptocurrency exchange that was registered in the Czech Republic in 2014. The platform is not limited to providing services to the EU residents, offering them to traders all around the world, who use euros or Czech korunas.
CoinMate offers its client access to buying 9 cryptocurrencies (including BTC, ETH, LTC) from a bank account, spot trading of digital assets, and also withdrawals in fiat or to crypto wallets. The exchange is designed for active trading and trading using your own money without leverage. The fees on CoinMate vary depending on your trading volume and the order type.
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- The minimum deposit is only 0.001 BTC;
- The higher the trading volume the lower the fees;
- Zero fee on deposits in koruna (CZK) and cryptocurrencies;
- Zero fees for makers trading big amounts;
- Functional trading platform with TradingView charts;
- Referral program that allows you to earn passive income;
- Instant euro deposits with SOFORT.
- Limited choice of cryptocurrencies compared to other international exchanges;
- No access to margin trading;
- Deposit and withdrawal of fiat money is possible only via a bank transfer.
TU Expert Advice
Author, Financial Expert at Traders Union
CoinMate is a cryptocurrency exchange where traders can buy and sell popular cryptocurrencies such as BTC, ETH, and LTC. The exchange offers the Quick Crypto Trading platform for expedited transactions and the Advanced Trading platform with features for market analysis. CoinMate allows deposits in EUR and CZK with bank fees scaling inversely with trading volume. Traders also benefit from zero fees on deposits in CZK and cryptocurrencies, a referral program, and instant EUR deposits via SOFORT.
Despite these advantages, CoinMate has certain drawbacks. It offers a limited selection of cryptocurrencies and does not support margin trading. Additionally, deposits and withdrawals of fiat money are restricted to bank transfers only. CoinMate may be suitable for individuals focused on trading popular cryptocurrencies and who utilize European bank accounts. However, those in need of a diverse asset range or advanced trading features may consider alternative platforms.
- You prioritize seamless transactions and prefer direct integration with European banks for faster and cheaper deposits and withdrawals in EUR and CZK, as Coinmate provides this convenience.
- You prefer a regulated and secure European exchange. Coinmate operates under stringent regulations from the Czech Republic and has maintained a clean security record since its establishment in 2014. This regulatory oversight ensures compliance with European standards and provides a level of trust and security for users.
- Low fees are paramount for you. While Coinmate's fees are not exceptionally high, they may not be the most competitive compared to some other exchanges. If minimizing trading fees is your top priority, you may find more cost-effective options elsewhere.
- You require advanced order types and algorithmic trading, as Coinmate primarily caters to basic buy/sell orders and may lack the sophistication desired by experienced traders who rely on advanced order types and algorithmic trading strategies.
CoinMate Summary
| 💻 Trading platform: | Quick Crypto Trading, Advanced Trading |
|---|---|
| 📊 Accounts: | Demo, standard |
| 💰 Account currency: | EUR, CZK, BTC |
| 💵 Deposit / Withdrawal: | cryptocurrencies, Wire Transfer, SEPA, SOFORT |
| 🚀 Minimum deposit: | 1 EUR, 25 CZK, 0.001 BTC |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Commission: | Spot: 0,05%-0,1% |
| 🔧 Instruments: | 10 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Using the browser on your smartphone, the exchange does not have mobile apps |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market, Limit (Hidden, Post only), Stop Limit (Hidden, Trailing, Post only), Quick |
| ⭐ Trading features: | USD and USDT are not available, lower fees for higher trading volumes |
| 🎁 Contests and bonuses: | No |
At CoinMate, traders can buy 9 cryptocurrencies from their bank account, and then use the platform for spot trading to trade digital coins, including with euros and Czech korunas. Margin trading is not available on Coin Mate.
CoinMate Key Parameters Evaluation
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Regulation and safety
With a 5.25/10 score, CoinMate demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- No successful hacks history
- Cold wallet storage
- 2FA
- No facial recognition
- No investor protection fund
CoinMate Security Factors
We also compared CoinMate against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| CoinMate | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is CoinMate a regulated crypto exchange?
CoinMate is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean CoinMate is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at CoinMate?
Yes, KYC verification is mandatory at CoinMate. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is CoinMate available?
CoinMate complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: United Kingdom, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact CoinMate support.
Is CoinMate available in the USA?
Yes, CoinMate is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
CoinMate commissions and fees
CoinMate received a 7.45/10 score for its trading fees. While CoinMate is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are CoinMate trading fees?
We analyzed CoinMate’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
CoinMate trading fees vs competitors
| CoinMate | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,05 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,1 | 0,22 | 0 | 0.194 |
What are CoinMate deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0005 BTC 0,005 ETH |
Does CoinMate offer P2P trading?
Yes, CoinMate offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.CoinMate P2P Fees
Deposit and withdrawal
CoinMate received a 5/10 rating for its deposit and withdrawal services. While CoinMate covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- P2P for flexible transfers
- Bank transfers for deposits and withdrawals
- No PayPal option
- Withdrawal fee applies
- No support for bank card payments
Deposit and withdrawal options
CoinMate supports the following deposit and withdrawal options: Bank transfers, Crypto.
CoinMate Deposit and withdrawal options vs competitors
| CoinMate | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is CoinMate minimum deposit?
The minimum deposit at CoinMate is 10 USD/USDT or 0,0002 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
CoinMate minimum deposit vs competitors
| CoinMate | OKX | Kraken | |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| Minimum deposit, BTC | 0,0002 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 10 | 0,00001 | 1 |
Does CoinMate support fiat money?
CoinMate supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
CoinMate received a score of 2/10 in this category, indicating a modest offering of assets and markets. While CoinMate covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Other supported products
- Crypto futures not available
- Only 10 supported coins
CoinMate supported coins and markets vs competitors
We compared CoinMate with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| CoinMate | OKX | Kraken | |
| Supported coins | 10 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
CoinMate passive income options vs competitors
We also compared CoinMate with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Contacts
| Foundation date | 2014 |
|---|---|
| Registration address | Pernerova 697/35, Praha 8, 186 00, Czech Republic |
| Official site | https://coinmate.io |
| Contacts |
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