CoinMate Exchange Review
CoinMate is a centralized exchange that occupies #116 on Guru InvestingExchange Tracker. CoinMate has trading volume US$1,451,410 in the last 24 hours and US$316,584,354 in the last 7 days.
CoinMate currently has 10 cryptocurrencies, 2 paper currencies and 18 markets (cryptocurrency trading pairs). Most popular trading pair on CoinMate: BTC/CZK.
Compare CoinMate next to other exchanges here: Exchange comparison tool.
CoinMate is centralized cryptocurrency exchange founded in the Czech Republic. The platform for trading digital tokens was founded in 2014. The platform allows users to buy and sell cryptocurrencies using decree currencies.
Only verified personal bank account via BankID can be used as a payment method on the CoinMate crypto exchange. The platform requires users to confirm their identity in accordance with AML and KYC requirements. Users cannot transact a certain amount of funds without going through a verification process.
CoinMate is optimized for European market. Although there are generally no restrictions on registering with the CoinMate cryptocurrency exchange, the platform does not accept clients from some countries, such as the United States.
Coinmate is available on a web platform, accessible through a browser on any device. Although it doesn’t have a mobile app.
Markets
CoinMate crypto exchange support spot trading. CoinMate Spot allows users to buy and sell supported digital assets using fiat currencies to make a profit.
Exchange supports crypto-fiat trading. The listed tokens include the nine most popular cryptocurrencies: BTC, ETH, USDT, SOL, ADA, LTC, XRP and DASH. The base currencies for CoinMate trading pairs are: Euro (EUR) and Czech Koruna (CZK). CoinMate cryptocurrency prices are displayed in the platform’s trading interface.
CoinMate crypto exchange offers two interfaces for trading digital assets. Fast cryptocurrency trading is a web platform designed for quickly buying and selling cryptocurrencies for fiat money. Advanced trading based on TradingView for spot cryptocurrency trading. He supports limit And market orders. Market orders allow users to execute a trade as quickly as possible at the current market price. On the other hand, limit orders allow traders to set maximum or minimum prices to sell or buy a digital asset.
CoinMate exchange fee uses Maker/Taker Fee Model to increase liquidity on the platform. CoinMate exchange fees also vary based on CoinMate levels based on trading volume. The lowest level includes trading volume up to 10,000 euros. This tier charges a taker fee of 0.35% and a maker fee of 0.3%. The highest level includes 15 million euros and higher trade volume. Users at this level are charged a CoinMate cryptocurrency fee of 0.07% for takers, with zero fees for makers.
Quick purchase or sale of cryptocurrency also involves zero commission.. These transactions are subject to the applicable exchange rates, which are displayed before each transaction. CoinMate cryptocurrency price for fast trading includes spread and is guaranteed at the time of trader confirmation.
Deposit fees are usually zero., with the exception of euro transfers via SEPA transfers, for which a fee of 1 euro is charged. The platform charges a fee Withdrawal fee, which depend on the type of currency or digital token the user is dealing with. Removal Bitcoin can be done in two ways: Economical and priority. Economy withdrawal processes the transaction within 60 minutes and is confirmed within 2 hours. There is a fee of 0.0002 BTC for this service. Priority transactions are processed within 7 minutes and confirmed within 30 minutes. There is a fee of 0.0004 BTC for withdrawal.
other services
CoinMate Cryptocurrency Exchange Offers Ultra-low latency API services which allow users to transfer important data from the platform. Merchants can use this service to integrate cryptocurrency payments on their platforms. The API service also supports Bitcoin ATMs, Bulk Payouts and Payroll. The platform’s Java exchange library simplifies the APIs of over 50 Bitcoin and altcoin exchanges.
CoinMate also allows users to customize automated trading bots such as liquidity bot, trending bot and arbitrage bot.
Lastly, users can also earn passive income through the platform. Referral program.
About company
Cryptocurrency exchange CoinMate was founded Roman Valigrakh and Daniel Gushka in 2014, becoming the first Czech crypto exchange. Its headquarters are located in Prague, Czech Republic.
During the first year of operation (2014), the CoinMate crypto exchange managed to secure a regular clientele. In April 2015, a fully functional alpha version of CoinMate was released. The platform offered two trading pairs: BTC/EUR and BTC/CZK. Between 2015 and 2019, CoinMate experienced rapid growth. During this period they added Ethereum, Bitcoin Cash, Litecoin, Dash and Ripple. CoinMate’s trading volume also increased during this time as more users joined the platform.
In 2020, CoinMate’s cryptocurrency volume exceeded 1 billion euros.
In 2021, CoinMate received support for further development from an investment company. Miton and its subsidiary Crypto fund Miton C.
CoinMate founders Roman Valigrakh and Daniel Huszka have been active in the cryptocurrency industry for about ten years. In 2013, they attended the first major Bitcoin conference, “The Future of Payments,” held in San Jose, California. They represented their country by selling Pilsner beer for Bitcoin.
CoinMate related pages
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
