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Kwara, Ilorin
4 Level
410 Review
3227.25 Karma

Review on CoinMate by Killer Bean

Revainrating 4 out of 5

For the Europeans and other unrestricted countries, Coinmate got you covered !!!

Coinmate exchange is a very nice exchange to trade on, this exchange offers a lot of feature which users can enjoy from, right from registration down to the method and process of withdrawal. I wasn't able to register because my country wasn't amongst the list of countries(Nigeria) that could register on the exchange alongside the United States, Ukraine, Kenya and some other countries. Without any access to this exchange I couldn't provide any much review about the exchange. But from what I have sourced out from the exchange myself I have carefully considered this exchange to be a nice trading point for investors. The interface comes with a very professional design giving it an air of perfection and completeness. I went on to look for the trading fees which went as low as 0% for trading volumes up to 15,000,000 EUR and as high as 0.35% for trading volumes as low as 10,000 EUR and below. On this exchange though, makers are more favored than takers making Coinmate a very liquid. Deposit is possible via Bank Transfer( SEPA, SOFORT, Bank wire in CZK) and cryptocurrency like Bitcoin, Litecoin, Ethereum, Ripple, Dash, Dai and so on. The exchange seeks to make peer-to-peer trading for everyone, this is among the mission of Coinmate exchange. The support is opened from Monday to Friday via email. I haven't tested out the exchange to ascertain its reliability and functionality, hence I cannot assure users about the customer support. When I discovered that this exchange could not be used by me, I decided to just quit it but I will encourage users mainly from Europe to patronise this exchange.



Pros
  • Trading fees are low for higher volumes traded
  • The web design has been proffesionally designed to give it a nice outlook as well as an intuitive interface
  • There are various means of depositing like bank transfer and cryptocurrencies
  • The exchange is very liquid
Cons
  • I am skeptical about the functionality of the customer service
  • The trading fees doesn't favour most traders