CoinMate (Coin Mate) Review 2024
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
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 2.81 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 ranks 151 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
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.
- 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
Financial expert and analyst at Traders Union
CoinMate is a European cryptocurrency exchange that focuses on fiat money from EU countries. The clients of the exchange can buy cryptocurrencies for euros and Czech korunas, while the exchange does not accept US dollars. The list of available digital assets includes 9 most popular cryptocurrencies. Only a personal bank account that was verified through BankID can be used as a payment method.
Coin Mate offers two interfaces for trading cryptocurrencies. The web platform Quick Crypto Trading is designed for quick purchase and sale of digital currencies for fiat money. Advanced Trading is the platform based on TradingView for spot cryptocurrency trading that supports Limit and Market orders. CoinMate does not have mobile apps, but you can use the web platform on a browser of any device.
Security of client funds is a priority for CoinMate, which is why a part of the coins held on the exchange are stored autonomously, in cold wallets. The hot wallet on the server contains the volume of funds that is enough for the exchange to ensure hourly transaction processing. Login is protected by two-factor authentication: every time when the client logs in, he/she must enter a code sent to email or SMS.
- 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 |
| 💵 Replenishment / 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: | 0%-0.3% (maker), 0.07%-0.35% (taker) |
| 🔧 Instruments: | BTC, BCH, LTC, ETH, ADA, XRP, DASH, SOL, DAI |
| 💹 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 |
| 📋 Orders 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.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 1$ for maker 2$ for taker |
Withdrawal fee on withdrawal of fiat and cryptocurrencies |
To make it easier for you to see how beneficial the fees of CoinMate are, we compared them with the fees of other international crypto exchanges.
| Broker | Average commission | Level |
|---|---|---|
|
$1.5 | |
|
$6 | |
|
$20 |
Investment Options
CoinMate is designed for active trading, i.e. to buy and sell cryptocurrencies. At the moment, its clients can use the referral program to earn passive income. Coin Mate plans to soon introduce the option of one of three trading bots: Trending bot, Liquidity making bot and Arbitrage bot.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
CoinMate Referral Program
Clients of the exchange get 20% of the trading fees of users who register on CoinMate using their referral link.
The referral reward is accrued for a period of six months after the registration of a referred user.
User Satisfaction