Is CoinMate a Good Crypto Exchange for Beginners?
It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether CoinMate is a good crypto exchange to start trading with. In this article you will learn whether CoinMate is good for beginners, what its pros and cons are and what a novice trader needs to know.
CoinMate's Top Features for Beginners
CoinMate’s beginner-friendly features, such as a demo account, low minimum deposit, educational materials, copy trading, staking, a user-friendly mobile app, customer support, fiat deposit and withdrawal options, and low fees, were compared against the top two competitors to ensure a comprehensive evaluation.
| CoinMate | OKX | Kraken | |
|---|---|---|---|
| Demo account |
Yes |
Yes |
No |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| P2P exchange |
Yes |
Yes |
No |
| Spot maker fee | 0,05 | 0,08 | 0,25 |
| Fiat transactions |
Yes |
Yes |
Yes |
| Bank cards |
No |
Yes |
Yes |
| Commissions and fees | 7.45 | 9.25 | 6.2 |
| Educational tools |
Yes |
Yes |
Yes |
| Crypto bonuses |
Yes |
Yes |
Yes |
| Staking |
No |
Yes |
Yes |
| Copy trading |
No |
Yes |
Yes |
|
|
|
Why We Focused on Comparing These Beginner-Friendly Features:
Demo account – Allows beginners to practice trading without risking real funds, helping them gain confidence and understand the platform.
Minimum deposit, USD or USDT – Ensures low entry barriers, making it affordable for newcomers to start trading with a small initial investment.
P2P exchange – Enables direct cryptocurrency trading between users, often with no intermediaries, providing a straightforward and accessible way to trade.
Spot maker fee – Highlights competitive trading fees for placing limit orders, which is cost-effective for those starting with spot trading.
Fiat transactions – Simplifies the process of depositing and withdrawing funds using local currencies, making it convenient for first-time users.
Bank cards – Provides an easy and familiar way for beginners to fund their accounts quickly using Visa or Mastercard.
Commissions and fees – Transparent and competitive fee structures help beginners calculate costs and avoid unexpected charges.
Educational tools – Tutorials, webinars, and guides equip beginners with the knowledge needed to trade confidently and effectively.
Crypto bonuses – Offers incentives like signup rewards or deposit bonuses, encouraging newcomers to explore trading.
Staking – Allows beginners to earn passive income on their holdings, introducing them to advanced cryptocurrency features with minimal effort.
Copy trading – Lets new traders learn by replicating the strategies of experienced traders, reducing the learning curve.
Short summary about the broker 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.
| 💰 Account currency: | EUR, CZK, BTC |
| 🚀 Minimum deposit: | 1 EUR, 25 CZK, 0.001 BTC |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | 0%-0.3% (maker), 0.07%-0.35% (taker) |
| 🔧 Instruments: | BTC, BCH, LTC, ETH, ADA, XRP, DASH, SOL, DAI |
| 💹 Margin Call / Stop Out: | No |
CoinMate Pros and Cons
👍 Advantages of trading with CoinMate:
•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.
👎 Disadvantages of CoinMate:
•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.
Trading Conditions for CoinMate Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. CoinMate offers traders the following conditions.
| Minimum deposit, USD or USDT | 10 |
| Futures leverage | Not allowed |
| Spot leverage | Yes |
| Coins Supported | 10 |
| Affiliate program | Yes |
| Replenishment / Withdrawal | cryptocurrencies, Wire Transfer, SEPA, SOFORT |
| Trading features | USD and USDT are not available, lower fees for higher trading volumes |
CoinMate's Fees
We compared XXX's fees with the top two competitors to provide a clear understanding of how affordable the exchange is for its users.
| CoinMate | OKX | Kraken | |
|---|---|---|---|
| Spot Taker fee, % | 0,1 | 0,1 | 0,4 |
| Spot Maker fee, % | 0,05 | 0,08 | 0,25 |
| Futures Taker fee, % | No |
0,05 | 0,05 |
| Futures Maker fee, % | No |
0,02 | 0,02 |
| Withdrawal fee | 0,0005 BTC 0,005 ETH | 0,0004 BTC 2,6 USDT | 0,0005 BTC |
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of CoinMate commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
The fees for quick buy and sell of cryptocurrency are included in the exchange’s fee. For trading pairs, the fees are determined on the order type and 30-day trading volume. The basic fee is 0.3% (maker) and 0.35% (taker) for a 30-day trading volume of up to EUR 10,000. If a trader’s volume is higher, the maker fee is 0.0.15%, taker fee – 0.07-0.25%. No fee is charged on deposits in cryptocurrencies and Czech koruna via an internal bank transfer. Deposits via SEPA are charged with EUR 1 per transaction, SOFORT – 1.5%, but no less than EUR 2. Withdrawal fees are as follows: 0.00002-0.00032 BTC, 0.0004 LTC, 0.0030 ETH, bank transfer — 1 EUR.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 1$ for maker 2$ for taker |
Withdrawal fee on withdrawal of fiat and cryptocurrencies |
Investment programs of CoinMate
It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. CoinMate offers the following passive income 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 thedeal 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.
Conclusion. Is CoinMate good for beginners?
The CoinMate cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, CoinMate could be considered as a good cryptocurrency exchange for a start.
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FAQ
What do I need to know about the fees charged by cryptocurrency exchanges?
The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.
How do I choose a reliable cryptocurrency exchange?
Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.
How many cryptocurrencies could a crypto exchange offer?
The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.
What are the risks of investing in cryptocurrencies?
Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.