Review on CoinMate by Olugbenga Ajayi
Coinmate exchange is no longer accepting flat Currencies
Coinmate is a United kingdom based Exchange that was registered in London and open to the use of all European countries. It was founded in 2014.
The exchange offers a fast and reliable way to buy and sell the few cryptocurrency pairs it supports. The Currencies are BTC, BCH and LTC. No altcoins are supported.
The fees charged on transactions are relatively lower than the industry standard. It charges 0.10 on makers and takers. For withdrawal, it charges based on the speed required of the transaction. This ranges between 0.00017btc and 0.00045btc.
The exchange is also mindful of users security that's why it encourages all to get verified as this comes with a lot of advantages. All funds are safely kept in cold wallet and password are encrypted from users end before arriving the server. It also make use of two factors authentication.
Unfortunately it stopped accepting flat Currencies since March this year due to some issues hopefully, in the near future, it will resume acceptance.
Pros
- The fee charged on this Exchange is fair and competitive
- It offers fast and speedy transaction
- It supports mobile devices, smartphones and desktop
- The website has basic and advanced mode for beginners and advanced users
- Verified account enjoy absolute advantages
- Assets are saved in cold wallet
Cons
- It supports only three cryptocurrencies and no altcoins
- It recently stopped accepting flat Currencies
- The security measures is not so strong
