Review on CoinMate by Olukayode Oyelami
Coinmat Exchange from United Kingdom
This exchange platform is a cryptocurrency exchange. It allows investors all over the world. If you are thinking of exchange platform that you can use with mobile app you should not think of this exchange because it doesn't support mobile app, your phone browser can be use for web browsing to access the exchange. If you want to register, it has five different levels with different verification requirements. The takers trading fee is 0.15% whily the Makers fee is 0.05%. The exchange has good intentions, this will make the platform to be more liquid. To encourage traders with large trading volume the platform offers trading fee discount for the trader. If you want to make deposit you can only do that through cryptocurrency because it was recently not allow fiat currency, but promise to bring fiat deposit method back soon. Feedback from the trades show that it currently offers good services. It has good security because vthe account has not been hacked by the hackers. It has limited cryptocurrency that you can trade with
Pros
- Users friendly - you can navigate easily, and understand the process.
- Security - the platform doesn't have the issue with hackers
- Referral program - this exchange platform offers referral program for the benefits of the users
- Widely available and acceptable for individual and companies.
- Transaction speed - it has quick buying and quick selling
Cons
- Not support credit card- this affect the new traders that may want to use this platform
- It charges withdrawal fee
- Lack of margin trading
- It promote liquidity by charging low fee for makers which bus 0.05% against 0.15% for takers.
