About Exchange
Founded in 2014, Coinmate is a European exchange that offers crypto-to-crypto and crypto-to-fiat trade platform. It is one of the top ten EUR dominated marketplaces, oriented towards traders that live on Old Continent.
Investors from around the globe can use the Coinmate’s instant exchange and margin trading services, through web and phone (iOS and Android) platforms.
Registration and Verification
Registering a trade account at Coinmate is free of charge and straightforward. You have to provide your email and password, allowing you o check out the platform in its entirety.
Verification is divided into five sections, each having different requirements to be completed. Upper levels also demand that lower levels of verification be finalized. Levels 0 and 1 would allow trader to trade coins worth of €1.000 daily €5.000 monthly with MoneyPolo only,
Higher levels require scanned ID and proof of address to be completed, as shown below.
Deposit/Withdrawal Methods and Fees
At Coinmate, you can use SEPA transfers (€1 for deposits/withdrawals), SOFORT (1.5% for deposits, withdrawals not possible), CZK wire transfers (€0 for deposits and €1 for withdrawals) and MoneyPolo (€1 for deposits and 0.5% for withdrawals).
All of the above methods, with MoneyPolo being the exception, require verification level 2 and higher to be available. Coinmate also applies maker/taker fee structure, with takers being charged between 0.1% and 0.35% and makers between 0.05% to completely free.
Concluding Remarks
We would recommend Coinmate for traders that are just starting with crypto industry. Both instant and margin trading is simple to use and understand and fees low enough to invest in. Advanced users would be better off with Bitfinex, as the platform offers USD and EUR trade, while Coinmate offers EUR transactions only.
Registration HERE
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