Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Pros & Cons
- 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.
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.
TU Expert Verdict
CoinMate carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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CoinMate User Reviews
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CoinMate Commissions and Fees
Score:This category evaluates trading costs and the transparency of deposit and withdrawal charges according to the Methodology. It covers spot and futures trading fees, P2P exchange costs, deposit/withdrawal fees, and tiered fee structures. The assessment ensures that fees are competitive and clearly disclosed, avoiding hidden or excessive costs. Each factor is scored based on defined criteria, contributing to the overall rating.7.5 /10CoinMate received a 7.5/10 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 CoinMetro Industry average Based on the evaluation of over 100 leading crypto exchanges Spot, maker fee (%) Maker fees are charged when liquidity is added to the order book. This occurs by placing a limit order below the current market price for buy orders, or above the market price for sell orders. 0.05 0.22 0.1 0.15 Spot, taker fee (%) Taker fees are charged when liquidity is removed from the order book. This typically happens when a trade is executed at the market price. 0.1 0.22 0.2 0.194 What are CoinMate deposit and withdrawal fees?
Deposit fee, % Important! Even if an exchange does not charge fees for deposits and withdrawals, there can also be fees from the payment system or cryptocurrency network used by the user. For example, the network fee for USDT TRC20 is typically around $1. 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 CoinMate MaiCoin MAX BTSE P2P maker fee (%) 0,15 - 0,3 0,1 0,01 P2P taker fee (%) 0,25 - 0,35 0,15 0,05 -
Regulation and Safety
Score:Our evaluation encompasses several key factors, including government regulation, two-factor authentication (2FA), cold wallet storage of client assets, investor protection funds, KYC protocol adherence, year of foundation, and history of security breaches. Read more in our Methodology5.3 /10With a 5.3/10 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.
- Cold wallet storage
- 2FA
- No successful hacks history
- No investor protection fund
- Not U.S regulated
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 Security Factors CoinMate Coinbase Kraken Tier-1 regulation NoYesYesGovernment-regulated NoYesYesInvestor protection fund Provides compensation to users in case of financial loss due to unforeseen circumstances on the platform. NoYesNo2FA YesYesYesFacial recognition NoNoNoCold wallet storage The majority of user funds are held offline, reducing vulnerability to online attacks. YesYesYesSuccessful hacker attacks We review publicly available information on past security breaches to assess the exchange's security track record. NoYesNoIs CoinMate a regulated crypto exchange? Regulation is crucial for the security and legitimacy of a cryptocurrency exchange. We assess the exchange’s regulatory status and its impact on platform reliability.
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.
Is CoinMate available in the USA?
CoinMate is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Coinbase, Kraken, OKX .
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Deposit and Withdrawal
Score:We evaluated the deposit and withdrawal experience, considering several key factors such as the range of available methods, transaction processing speed, minimum deposit requirements, and associated fees. Read more in our Methodology.5 /10CoinMate 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.
- No deposit fees
- P2P for flexible transfers
- Bank transfers for deposits and withdrawals
- Many cryptocurrencies for deposits and withdrawals
- No support for bank card payments
- No Google Pay option
- No PayPal option
Deposit and withdrawal options
CoinMate supports the following deposit and withdrawal options: Bank transfers, Crypto.
CoinMate Deposit and withdrawal options vs competitors
CoinMate Coinbase Kraken Bank transfers YesYesYesBank card NoYesYesCrypto YesYesYesPayPal NoYesYesWhat is CoinMate minimum deposit?
The minimum deposit at CoinMate is 10 USD/USDT or 2 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 Coinbase Kraken Minimum deposit, USD or USDT 10 10 10 Minimum deposit, BTC 2 1 1 Minimum trade amount, USD/USDT 10 2 1 Does CoinMate support fiat money?
CoinMate supports fiat currency trading and account funding. The following fiat currencies are accepted: USD, EUR.
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Supported Coins & Markets
Score:Evaluates the range of available cryptocurrencies, fiat currencies, and markets, as well as investment tools like staking, farming, and other yield options. Read more in the Methodology section.1.5 /10CoinMate received a score of 1.5/10 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 options not available
- NTFs not available
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 Coinbase Kraken Supported coins 10 400+ 400+ Futures/Perpetual contracts NoYesYesOptions NoNoNoNFTs NoYesYesTokenized Assets Digital tokens representing real-world assets, such as stocks, bonds, commodities, or real estate. NoYesYesTradFi Perps Perpetual futures contracts linked to traditional financial assets, such as stocks, indices, or commodities. NoYesYesPrediction Markets Markets where users trade contracts based on the outcomes of future events. NoNoNoOther Assets NoPre-IPO Forex, IPO 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.
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Customer Support
Score:We evaluated Customer Support at CoinMate based on the availability of live chat, email, phone support, ticket systems, help center resources, 24/7 assistance, multilingual support, and response time. Our assessment focuses on support accessibility and responsiveness. Learn the assessment criteria3.2 /10CoinMate provides below-average customer support, with noticeable limitations in communication channels, service availability, or additional assistance resources.
During TU testing, the exchange received a relatively low score for support accessibility and responsiveness. Users may face difficulties obtaining timely assistance with account access, deposits, withdrawals, or trading-related issues.
- Support ticket system available
- Comprehensive help center available
- 24/7 customer support available
- Live chat support unavailable
- Limited language support
CoinMate Support Channels vs Competitors
CoinMate Coinbase Kraken Live Chat NoYesYesEmail Support NoNoNoPhone Support NoNoNoTicket System YesYesYes24/7 Support YesYesYesHelp Center / FAQ YesYesYesMultilingual Support NoYesYesContacts Foundation date 2014 Registration address Pernerova 697/35, Praha 8, 186 00, Czech Republic Official site https://coinmate.io Contacts support@coinmate.io
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