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Cryptomate Review

10

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Poor

Revainrating 2.5 out of 5  
Rating 
2.7
Crypto Exchanges

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Description of Cryptomate

Cryptomate is an easy to use platform that allows British users to purchase cryptocurrency via instant bank transfer. The service was launched to help bridge the gap between GBP and cryptocurrency exchange within the UK and to make the most popular digital currencies available to almost anyone with online banking.

Reviews

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Type of review

Revainrating 3 out of 5

Check This Out!!

TThe blockchain network happens to be a very diverse place where one get access to many companies and products. This has made it possible for traders to be left with a wide variety of choices to make. It has also made it possible for these companies to strive for the best due to the competition that is very obvious in the blockchain network. I would be reviewing an exchange platform in this review today, but this one seems to be different from the many exchange platforms I've come across…

Pros
  • The exchange platform has a nice crypto pairs
  • The fact that they accept easy deposit of fiats interests me
  • The exchange platform is registered in Britain
Cons
  • The exchange platform charges are too high
  • The exchange platform seems to be lacking transparency, according to the complaints online
  • They have some days when they don't work, something most exchanges don't do

Revainrating 1 out of 5

The exchange is not very active due to its low liquidity

Cryptomate is a UK P2P digital brokerage with just 26coins and it has all it's coins paired up with Pounds (GBP). The trade volume on the exchange within the last 7days and 24hours has been decreasing rapidly and it has shown the low rate at which the exchange is being patronize by traders recently. The exchange might soon shutdown due to its low liquidity which i perceive is linked to the exchange's excessive trade fee and withdrawal of 6.7% which isn't profitable to traders at all and this is

Pros
  • There is nothing special about the exchange
Cons
  • US investors can't trade here
  • Low liquidity and 24hr trade volume
  • The exchange might be out of service any time soon

Revainrating 1 out of 5

The exchange might soon shutdown

Cryptomate is a UK exchange where you can purchase virtual assets . The exchange only allows traders to purchase virtual assets using GBP and so I don't think the exchange was created for foreigners ,only UK citizens can approach the exchange and buy virtual assets using funds from their bank account or sell their assets for GBP. The exchange's fees were damn too high for any traders with the consciousness of making profits because they charge a trade fee of 6.7% and the exact amount is…

Pros
  • None
Cons
  • Low liquidity
  • High trade fees
  • High withdrawal fees
  • GBP is the only flat on the exchange

Revainrating 2 out of 5

Biki Exchange.

The main function of a cryptocurrency exchange is to provide a platform, where traders can buy and sell Cryptocurrencies and other digital assets. Without exchanges, users won't be able to buy, sell, owned and receive currencies. Exchange are very important in the Crypto currency market. Biki exchange is a British exchange platform that was released in the year 2014. This platform was created with the purpose of making Cryptocurrencies and other digital available for almost everyone. Biki exc

Pros
  • This platform was created with the sole aim of making digital currencies available to everyone.
  • Safe and secure to use.
Cons
  • since this platform was released, there hasn't been any update regarding the platform.
  • although, it makes transaction easier, It is not still recommend for trading.

Revainrating 4 out of 5

CRYPTOMATE

Cryptomate is a cryptocurrency exchange headquartered in UK and founded in 2014 which links buyers to sellers via peer to peer network. It links up top cryptocurrencies to customers that expend GDP and it allows British users to instantly buy cryptocurrencies through bank transfer. It allows its users to do margin trading and only at the moment accepts UK online bank transfers which is secure, instantaneous and simple to use. It only allows 100 Euros daily limit and increased to 1000 Euros…

Pros
  • It bridges gap between GDP and Cryptocurrencies
  • It accepts UK bank 🏦 transfers
  • It is easy to use
Cons
  • It supports too few coins
  • It is only available to UK users
  • Its fees is high
  • It only accepts GDP.

Cryptomate is an online trading platform that is lending good activity to the crypto world. This exchange works really great to provide users access to quick transactions, but it does not work really well as you might think. The main platform is too simple and it has a considerable lack of content and information. The team hasn't updated the platform in years since it was released. Although it works and provides daily transactions, the system is little by little falling and registering fewer…

Pros
  • This platform is not as attractive as most of the users think it could be. The model of transaction that the team offer is very limited.
Cons
  • The platform remains operative on the web but it has little support. It hasn't received management or updates.
  • The financial activities executed there do no compete with the value of other markets.
  • This exchange is available globally, but not all users like it.

Revainrating 4 out of 5

A beautiful crypto exchange platform: Cryptomate

Good day everyone, Revain users, today I will present you my review of the Cryptomate exchange platform, a crypto exchange platform, from the crypto exchange platforms section. Since I have been using the Cryptomate exchange platform for a period of approximately 4 weeks, I can easily say that I have knowledge and experience about this platform. First of all, you should know that not everyone can be a seller on this platform, you need to make such a request by contacting responsible

Pros
  • There is a website with a nice design and interface.
  • It is a popular platform in the UK.
  • It is a UK based crypto exchange platform.
Cons
  • It is a crypto exchange platform with a low number of users across Europe.

Revainrating 3 out of 5

Total overview about Cryptomate.

The company is essentially a p2p network, associating purchasers and sellers of cryptographic forms of money, in spite of the fact that not every person can sell at the site. So as to turn into a merchant one must contact the site and presumably meet some volume necessities. The most one of a kind element is that lone UK bank transfers are acknowledged as an payment method. This exchange is one of only a handful not many which doesn't offer a wallet, in spite of the fact that they give…

Pros
  • Simple to utilize interface.
  • 30 coins accessible.
  • Acknowledges UK bank transfers.
  • Client can purchase with GBP.
  • No significant hacks yet.
Cons
  • Moderately high expenses.
  • Doesn't straightforwardly unveil increase.
  • Limited sellers.

Revainrating 5 out of 5

CoinMex is an exchange registered in the Belize.

CoinMex also has something they call the CoinMex Growth Market . At this part of the platform, new cryptocurrency projects can list themselves quickly and then be available for trading by users of the trading platform.

Pros
  • No major hacks yet .
  • Accepts UK bank transfers.
Cons
  • Relatively high fees.
  • Only buying crypto.

Cryptomate is a British service, which allows newcomers to enter the world of cryptocurrencies. Their offer is tailor-made to UK residents who have a local bank account, as payments utilize the Faster Payments Service (FPS). While this is obviously a beginner-friendly service, the number of available altcoins is relatively nice.

Pros
  • No major hacks yet Accepts UK bank transfers Easy to use interface Buying with GBP 12 coins available
Cons
  • Relatively high fees Only buying crypto/no selling (for smaller customers) Does not transparently disclose mark-up No wallets provided by the company