The web’s most detailed Coinmate review: Coinmate is a European crypto exchange with a big presence on the EUR and CZK scene where investors are able to buy digital assets rapidly through the fiat account. Coinmate stands out in several areas but the most advantageous features on the platform are the beginner-friendly interface, very fast account verification, excellent price alerts, and a very long track record of being a safe platform to operate on. Read the full story in our review and learn why other traders in the European area keep coming back for more transparent digital asset investing on Coinmate.
• European cryptocurrency exchange
• Buy digital assets with EUR and CZK
• Use price alerts to get notified of price movements
• No live chat is available
• Few altcoins are listed on the platform.
In this section of our Coinmate review we highlight 6 special features that deserves extra attention.
Coinmate is a European cryptocurrency exchange that has been breaking ground since 2014 and is a well-known platform among traders and investors that are denominated in the EUR or CZK fiat currencies. The backing of Coinmate comes from a very impactful IT company that specialized in financial software and the team running the platform is a group of talented traders, financiers, and top-class developers.
The company behind this operation is called Confirmo S.R.O and has the main office based at Údernická 10, Bratislava, 851 01, Slovakia. The team behind Coinmate is dedicated to delivering great and seamless peer-2-peer cryptocurrency trading for all investors in the European area through a very easy-to-use interface that has been developed with simplicity as a focus. Coinmate is a non-regulated platform but with a long track record of being completely safe and a strong reputation on the cryptocurrency scene it is definitely a good choice for any trader using EUR or CZK.
Why use Coinmate
The biggest advantage of using the Coinmate platform is that you are able to securely invest in digital assets with fiat currencies EUR and CZK after completing the KYC process which is streamlined to be as fast as possible. Traders and investors using SOFORT and SEPA transfers are able to almost instantaneously invest in some of the biggest cryptocurrencies on the market, for example, Bitcoin, Litecoin, Ethereum, Ripple, and more through the Coinmate quick trading feature.
What I appreciate about the platform is the fee structure that is completely transparent and you can easily see how much you are going to pay for each transaction, withdrawal, and deposit. This is a good sign of credibility! If you are an investor that depends on charting before you make your move you will find the “Tradeview” very helpful as it lets you make a full analysis of historical chart price patterns on the coin you are zooming in on.
If you are looking for a cryptocurrency exchange in the Czech language, Coinmate should be one of your top choices.
Trading on Coinmate
Coinmate has a trading interface connected to its order selection feature that lets you chart your coins, find trends, compare price patterns, and invest at the same time as you are looking at the chart. The charting interface along with the order selection tab is extremely easy to use and even if you are a complete beginner with close to zero experience you will get the hang of it pretty fast.
Through the Tradeview interface, you have access to the full order book on Coinmate as well as the most recent trades. These features help day traders pick their entries and exits with great precision. More experienced traders can choose between some advanced order types such as Hidden order, Stop order, and Post only for a more creative way of exposing themselves in the market. Overall we think that Coinmate is an excellent choice for new traders and investors who are getting involved with cryptocurrency trading and are looking to buy digital assets with EUR or CZK.
Payment methods and limits
Coinmate currently onboards fiat currencies through SEPA, SOFORT, and Bank Transfers. Bank transfers can be done through GoPay and ThePay where deposits done through GoPay are processed within minutes. Coinmate doesn’t have a minimum deposit limit, the minimum withdrawal limit is €20, and the maximum withdrawal limit may differ on a 24-hour basis depending on your verification. To be able to buy bitcoins on Coinmate you must first go through the KYC process, then you are free to deposit EUR and CZK.
Things we don’t like
There are two things that we would love to see implemented in the Coinmate platform. First, a live chat with a human representative to answer some more complex questions that new investors might have the first time they step onto the exchange. However, when speaking with the team they assured me that they will respond to emails within 24 hours and that they also have an open Discord channel for the Czech language. Second, government regulation in the European area would put it on top of the list for many EUR investors.
Coinmate Trading Fees
About the special features on Coinmate
After verifying your identity through the KYC process on Coinmate you are free to deposit your fiat currencies to invest in digital assets either through the quick trading feature or the Tradeview interface. Quick trading is a fast tool for investors looking to invest in cryptocurrencies for a longer-term hold after doing their own research and the Tradeview interface is a more day trading focused platform that incorporates charting with more complex order types.
Coinmate.io can be used on all devices including mobile, tablet, and desktop (web). One thing you will notice is how fast the exchange operates and I can tell that the team behind Coinmate has done some serious coding to get the interface to work like this. It is always a huge plus for an exchange with a fast loading speed, well done! The funding mechanism is also something that has been optimized to serve traders and investors very fast. When depositing with EUR or CZK you will see your funds in the account in a matter of hours.
Crypto Exchange in the Czech Language
If you speak the Czech language and looking to buy bitcoin or other digital assets on a platform that supports your language, then Coinmate is a very good option. Not many platforms serve the Czech language and I’m glad to see that Coinmate has weathered all storms on the cryptocurrency market and managed to bloom in on the Czech market.
Trade Crypto with EUR and CZK (Czech Koruna)
Coinmate.io is proud to be one of few trusted sources for investors using the CZK (Czech Koruna) fiat currency and this has really opened the doors to many users in the Czech republic. Buying cryptocurrencies in the Czech Republic is completely legal and your first stop should be Coinmate if you are on your way to investing in digital assets.
The price alert system on Coinmate is designed to inform you when a cryptocurrency starts to move. You can for example set an alert on Bitcoin to inform you when the price breaks up or down at a pre-set price. You will get alerted on your email and if you are busy during the day and can’t spend much time following the price swings this is a great way to stay on top of big market moves.
Tradeview on Coinmate is the more advanced charting interface with a combined order selection tool. From here you can chart your favorite coin and make predictions based on previous levels such as support and resistance. You can buy cryptocurrencies directly from the chart along with some more complex orders to optimize your entry and exit points.
Our own experience with Coinmate
Coinmate Funding Methods
|Max Withdrawal Limits||No limit|
|Min Withdrawal Limits||$20|
|Min Deposit Limits||$1|
Coinmate Withdrawal Fee
Is Coinmate safe?
We consider Coinmate.io to be a trustworthy exchange. The fact that they have kept all their customer funds safe since 2014, the 2FA verification system, and the current reputation indicate only positive things.
Is Coinmate regulated?
No, Coinmate is not a regulated exchange.
Frequently asked questions
Read the most frequently asked questions about Coinmate.io. Find answers without searching the web.
Coinmate is a European cryptocurrency exchange with integrated payment solutions for EUR and CZK. The exchange is suited for both beginners and more advanced traders thanks to the quick trading interface and the Tradeview trading platform.
First, you need to verify your account through the KYC process. Second, deposit funds through one of the fiat gateways. Third, select the cryptocurrency you want to buy. If you deposited EUR you can choose BTC/EUR as your trading pair and exchange your EUR to BTC. From here you are free to keep the coins on the exchange or transfer them to a separate wallet.
In order to withdraw CZK from Coinmate, all you need to do is click on Withdraw and select one of the currencies available. Choose the amount you want to withdraw and enter your bank account details where you want to receive your funds. Coinmate has a €20 minimum withdrawal limit.
SOFORT, SEPA, and Bank Transfers are the current funding options.
Yes, when you buy digital assets on the exchange they will get stored in the cryptocurrency wallet of your account.
No, at the moment Coinmate does not offer a mobile application.
No traders from the United States are allowed to use the platform.