Is CoinMetro 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 CoinMetro is a good crypto exchange to start trading with. In this article you will learn whether CoinMetro is good for beginners, what its pros and cons are and what a novice trader needs to know.
Short summary about the broker CoinMetro
The CoinMetro cryptocurrency exchange is a specialized platform for exchanging and trading cryptocurrencies with the ability to invest via copying transactions and bonds. Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, and other cryptocurrencies are at your disposal for trading on the exchange. CoinMetro’s forte is its trading terminal with extensive functionality and built-in analytics. Also, five times leverage is available for margin trading. The crypto exchange operates under the licenses of the Estonian Financial Intelligence Unit (the FIU), license nos. FVR000143 and FRK000121. It is also licensed by the US regulator Financial Crimes Enforcement Network (FinCEN). CoinMetro has one of the lowest trading margins.
| 💰 Account currency: | Cryptocurrencies, fiat currencies |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | Up to 1:5 |
| 💱 Spread: | From 0.1% per market order |
| 🔧 Instruments: | Cryptocurrencies, currencies |
| 💹 Margin Call / Stop Out: | No |
CoinMetro Pros and Cons
👍 Advantages of trading with CoinMetro:
•handy trading terminal with built-in charts and indicators;
•popular cryptocurrencies are available for trading on the exchange;
•five times leverage;
•built-in service for copying deals;
•deposits in CoinMetro's bonds;
•low fees for exchange and trade;
•licensed by EU and US regulators.
👎 Disadvantages of CoinMetro:
•analytics are not provided (only news);
•there are not many cryptocurrencies and tokens at your fingertips.
What is a Good Crypto Exchange for Beginners?
In order to choose the right broker for a beginner, you need to consider several aspects.
Here are the main ones:
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Education. It is important for novice crypto traders to learn how to trade. An exchange can offer educational courses, video tutorials, articles, webinars, etc. The more learning opportunities there are the better.
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Availability of a demo account. You will need this account to practice. It provides an opportunity for a beginner to trade risk free and try out trading strategies.
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Availability of a simple method to buy cryptocurrencies. An exchange service or a P2P exchange would be an advantage for an exchange.
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Low fees. The level of income of the trader depends on the level of the fees. Therefore, it is important to choose a company that charges minimum fees. Crypto exchanges mostly use the Maker and Taker fee model. It is important that you study them.
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Instruments for passive investing. In addition to active trading, passive income is also important for beginners. Pay attention to availability of copy trading or staking.
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Trading platform. It is important for a novice trader to choose the simplest trading platform that will be easy-to-use for trading.
In addition to these factors, you also need to consider how customer support operates, as it will also be important. Bonuses for beginners are also a nice perk.
Trading Conditions for CoinMetro Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. CoinMetro offers traders the following conditions.
| 💻 Trading platform: | Proprietary platform |
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, fiat currencies |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, cryptocurrency wallets, e-wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | Up to 1:5 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | Zero-entry |
| 💱 Spread: | From 0.1% per market order |
| 🔧 Instruments: | Cryptocurrencies, currencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Limit order, Market order |
| ⭐ Trading features: | Low fees, profitable partnership, and investment programs, multifunctional terminal |
| 🎁 Contests and bonuses: | Not indicated |
Commissions and Fees
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of CoinMetro commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
On the cryptocurrency exchange platform, the maker's fee is 0%, the taker's fee is 0.1%. On the margin trading platform, all fees are 0.1%, plus an interest rate that is recalculated every 4 hours. The swap fee 0%. When copying transactions, the fee is 0.1% for the exchange; 5-25% for the manager's work; and 1-5% for the effectiveness of trading. Fees for depositing and withdrawing funds differ depending on the source/destination of the transfer. Deposits from cryptocurrency wallets are free.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | From 0.1% per market order | Yes (but no fees for cryptocurrencies) |
Investment programs of CoinMetro
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. CoinMetro offers the following passive income options.
Investment Programs, Available Markets, and Products of the Crypto Exchange
In addition to trading, the CoinMetro cryptocurrency exchange offers two options for passive earnings. The first option is the TradeMirror (TraM) trade copying service. The functionality is implemented directly on the site (you only need to go to the appropriate tab). The signal providers are traders of the company. Copying transactions are carried out in one click.
The second option for passive earnings on CoinMetro is investing in the project by purchasing exchange bonds for its internal XCM token. The token can be bought, sold, and converted into cryptocurrencies and fiat directly in your account. However, it is more profitable to freeze XCM in a savings account, this allows you to receive payments under the volume of frozen tokens:
up to 10,000 XCM - 8%;
from 10,000 XCM - 9%;
up to 25,000 XCM - 10%
up to 50,000 XCM - 11%
ICO Tier - 12%.
The ICO Tier is a personal VIP status that is issued individually to the most active investors. The minimum deposit period for interest payments is 2 years. However, the user can withdraw frozen XCMs at any time and convert them freely.
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.
CoinMetro’ affiliate program:
CoinMetro offers a standard affiliate program whereby every user with a verified account can receive a percentage of the commissions of their referrals (invited users). To do this, you need to take the following steps:
Register on the platform and go through verification. After that, a referral link will be available in the personal account.
The platform will transfer you 40% of the fee on all transactions of users who have registered using your referral link.
Also, the platform will transfer you 10% of the fee on transactions of users who were invited to the site by your referrals.
There is an additional affiliate bonus of $10. It is received by the inviting user and referral. To receive a bonus, you need the referral to deposit at least $50 to the account and make transactions for at least $250.
Conclusion. Is CoinMetro good for beginners?
The CoinMetro 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, CoinMetro 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.