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Amritsar
4 Level
146 Review
324.75 Karma

Review on CoinMate by Aman Arora

Revainrating 4 out of 5

Coinmate preferred exchange to trade Bitcoin with multiple variables

Coinmate is exchange built specifically for European users. Exchange starts its services feom United Kingdom but after Brexit and limitations Coinmate has start opersting from Czech. Its simple and easy way to deposit cryptos make it a favorable choice for users around the world. Coinmate accepts deposits through Bitcoin Litecoin Ether xrp. Coinmate stop accepting deposits in Euro which was the only fiat deposit facility available as Banks dont allow coinmate to operate due to limitations. Its is difficult at times for users to use the exchange right away because you need to first complete the complete KYC procedure in order to start depositing the cryptos and start using the exchange normally.

Coinmate offers you most trade variables with top 5 coins which are mentioned above and same can be used to deposit to start trading. Exchange also made it mandatory to enable 2FA authentication through google or through Trezor device to start depositing and trade. Low fees for makers which is around 0.15% but takers fees is bit high than ususl whichnis around 0.25% but make up for users who trade with large volume and their trading fees is based on 30 days volume.

Exchang has perfect to use trade interface with active orders and attractive graphic interface but limited availability of altcoins to trade and lack of Fiat deposit with mandatory KYC makes it difficult for users to use the exchange efficiently but Exchange is continously making efforts to start resuming Facility if Fiat deposits to make it easy to use the Exchange.



Pros
  • Coinmate has smooth interface and active orderbook for top coins with good variables to trade
  • Security offered is best way google 2FA and Trezor wallet authentication
  • Low Btc withdrawl fees makes it preferred place bitcoin traders to trade at Coinmate
Cons
  • Lack of trade variables to trade makes it difficult for users to use Coinmatr
  • Inability of buying crypto with Card and no facility of depositing Fiat is a concern