CoinMate Review 2024

Our veredict

CoinMate is a European-based cryptocurrency exchange that stands out for its user-friendly interface and competitive fee structure. It primarily caters to the Euro (EUR) and Czech Koruna (CZK) markets, making it a convenient choice for traders in these regions. The exchange supports major cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, Dash, and Cardano, providing a good range of options for traders. CoinMate’s trading platform is designed to be easy to navigate, even for beginners, with features like the Advanced Trading View and various order types to cater to both novice and experienced traders​.
However, CoinMate does have some drawbacks. Its customer support has been reported as slow to respond, and the range of supported cryptocurrencies is relatively limited compared to other exchanges. Additionally, the platform does not have a dedicated mobile app, although its website is mobile-friendly. Despite these limitations, CoinMate’s strong security measures, including a three-tiered verification system and 2FA, provide a secure trading environment for users.

Pros

Cons

3

Threenvest Score

Fees

0.05% (Maker), 0.25% (Taker)

U.S Legal

No

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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose CoinMate?

Firstly, CoinMate’s platform is designed with simplicity in mind, making it an excellent choice for beginners. The interface is intuitive and easy to navigate, which helps new users get started without feeling overwhelmed. The platform also offers an advanced trading view for more experienced traders, providing tools to track market trends and make informed decisions.
Secondly, the exchange offers very competitive fees. CoinMate employs a maker-taker fee model, with maker fees as low as 0.05% and taker fees at 0.35%. This fee structure encourages liquidity on the platform, benefiting both buyers and sellers. The low fees, combined with the absence of hidden charges, make CoinMate an attractive option for cost-conscious traders​.
Finally, security is a top priority for CoinMate. The platform uses two-factor authentication (2FA) and a three-tier verification system to ensure the safety of user accounts. Additionally, CoinMate has implemented stringent KYC (Know Your Customer) procedures to further protect against fraud and enhance the overall security of the platform.
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EIP and Cryptocurrency Investor

As an expert in the field, I recommend CoinMate for its simplicity and security. It’s particularly user-friendly for beginners, offering a straightforward interface that makes trading easy and intuitive. The platform’s low fees and strong security measures, including two-factor authentication and thorough KYC procedures, ensure a safe trading environment. While it does have some limitations in terms of customer support and the range of cryptocurrencies, its focus on EUR and CZK markets makes it an excellent choice for European traders. Overall, CoinMate is a reliable and efficient exchange for those looking to trade major cryptocurrencies securely and affordably.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.