Review on CoinMate by Věra Filipová
CZK exchange which has gone EU
This used to be my favourite local exchange, I was always glad that there are exchanges which allows you to trade with your local currency and moreover you can wthdraw your local currency to your local bank account. Coinmate was perfect for that and it was my main gate for crypto as there was not any better option for CZK to crypto space and crypto trading. You were able to withdraw CZK with low fees via FIO Bank. The main advantage was suddenly stopped (they have stopped CZK withdrawal) and has lost main advantage - not beeing aractive for me anymore as for EUR trading you can easily use better options. The main problem of Coinmate is that it is suitable only for buying top tier crypto. If you are going to look for lower cap altcoins it is definitely not suitable for you. The liquidity is fine (as they have only few crypto implemented). It is only left for me to believe that they will restore CZK withdrawals eventually.
I will just add that the community and support center were perfect all the time and it is really a pity to dismiss the main advantage to stay local.
Pros
- CZK trading pair
- stable and secure, enough liquidity
Cons
- stopped CZK withdrawal
- few trading pairs
