CoinMate offers 16 crypto trading pairs in three markets, including CZK, EUR, and BTC. Maker fees range from -0.04% to 0.40%, and taker fees range from 0.10% to 0.60%.
The exchange provides API services and trading bots for automated trading. It supports various projects, including Štosuj.cz, Bitrobot Pro, and DCA Bot.
CoinMate; The Exchange's Information and Introduction
Coinmate.io was founded in 2014 by Roman Valihrach and Daniel Houška as the first Czech crypto exchange.
CoinMate received funding from the Miton C crypto fund company in 2020. It provides institutional crypto services to companies like Tipsport and Web3Hub ZLIN. Key features of CoinMate:
- Member of the Czech Fintech Association
- ISO/IEC 27001:2022 certified
- Offices in Prague and Zlín
- Crypto purchase from €2
CoinMate Exchange Specifications
The crypto exchange offers various services, including API, Trading Bots, and Recurring Buy. Here's a detailed look at the exchange's specifications:
Exchange | CoinMate |
Launch Date | 2014 |
Levels | 8 Levels |
Trading Fees | Maker from -0.04% to 0.40% Taker from 0.10% to 0.60% |
Restricted Countries | United States, Iran, North Korea, Myanmar, Syria, Iraq, Yemen, Venezuela, Sudan, Afghanistan |
Supported Coins | 26 |
Futures Trading | No |
Minimum Deposit | €2 |
Deposit Methods | VISA, MasterCard, SEPA, CZK Bank Transfer, Crypto |
Withdrawal Methods | VISA, MasterCard, SEPA, CZK Bank Transfer, Crypto |
Maximum Leverage | 1:1 |
Minimum Trade Size | €2 |
Security Factors | Cold Storage, Two-Factor Authentication (2FA), Advanced Custody Solutions, Segregated Accounts, Bug Bounty Program |
Services | OTC Market, Spot Trading, Recurring Buy |
Customer Support Ways | Email, Ticket |
Customer Support Hours | Available on weekdays |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Market |
Native Token | No |
CoinMate User Levels
The platform offers fee discounts based on 30-day trading volume in a tiered structure with 8 levels.
Level | 30 Day Trading Volume (EUR) | Maker Fee | Taker Fee |
1 | < 10,000 | 0.40% | 0.60% |
2 | < 100,000 | 0.20% | 0.30% |
3 | < 250,000 | 0.12% | 0.23% |
4 | < 500,000 | 0.09% | 0.21% |
5 | < 1,000,000 | 0.05% | 0.18% |
6 | < 3,000,000 | 0.03% | 0.15% |
7 | < 15,000,000 | 0.02% | 0.12% |
8 | >= 15,000,000 | -0.04% | 0.10% |
Note: The negative fee is credited to the client’s account as a rebate. The user level is updated hourly.
Trading and Non-Trading Costs
As mentioned in this CoinMate review, the broker has a default maker/taker fee of 0.40%/0.60%. It charges spreads for quick buying and selling. CoinMate's other charges:
- Compliance Fee: 1% of the value of the transaction
- Administrative Fee: €10 or CZK 250
- CZK/EUR Card Payment Deposit: CZK (4.90%) and EUR (1.90%)
- EUR SEPA Transfer: €1
Listed Cryptocurrencies on CoinMate Exchange
The platform lists 26 cryptocurrencies for quick buy/sell and offers 16 trading pairs across 3 markets, including EUR, CZK, and BTC. Available digital assets on CoinMate:
- Bitcoin (BTC)
- Solana (SOL)
- XRP
- USDC
- Ethereum (ETH)
- Cardano (ADA)
- Litecoin (LTC)
- Dogecoin (DOGE)
- Binance Coin (BNB)
- Avalanche (AVAX)
- Chainlink (LINK)
- Polkadot (DOT)
- NEAR Protocol (NEAR)
- Filecoin (FIL)
- Dogwifhat (WIF)
- Sonic (S)
- Injective (INJ)
- Cosmos (ATOM)
- Uniswap (UNI)
- net (IO)
- Jito (JTO)
- Pepe (PEPE)
- Shiba Inu (SHIB)
- Tron (TRX)
- Polygon (POL)
- Worldcoin (WLD)
Does CoinMate Offer Leverage Options?
The exchange does not offer leverage options for trading. It has chosen to focus on providing a straightforward and secure platform for spot trading of cryptocurrencies without the added complexity and risk associated with leveraged trading.
CoinMate Sign Up and Verification
Creating an account and getting verified on CoinMate is a straightforward process designed to ensure compliance with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations.
- Visit the CoinMate website and click on the "Sign Up" button;
- Either sign up with Bank ID (easier for ID verification) or choose to continue with your email;
- Fill in your email address and create a strong password;
- Verify your email address;
- Authenticate with Idenfy and fill out a KYC questionnaire.
Security Measures to Protect User Funds
CoinMate places a strong emphasis on security to protect users' data and funds. The exchange has implemented several robust measures to ensure the safety of its platform, including:
- Cold Storage: 98% of user funds stored in offline and cold wallets
- Two-Factor Authentication (2FA): 2FA feature for additional account security
- Advanced Custody Solutions
- Segregated Accounts: Keeping client funds in segregated accounts
- Local Institutions: Backed by leading Czech financial institutions
- Bug Bounty Program
Deposit and Withdrawal Methods
CoinMate accepts both fiat transactions and cryptocurrencies. It supports EUR and CZK payments via various methods, including:
- SEPA Transfer
- VISA
- MasterCard
While CZK bank transfers incur no deposit fees, they come with a CZK 75 withdrawal fee.
Trust Scores
There are 1,030 CoinMate reviews on Trustpilot, with the majority being positive, resulting in a great score of 3.8 out of 5.
The exchange’s profile has no rating on CoinGecko. 84% of comments on the CoinMate Trustpilot profile are 4-star and 5-star, and only 10% are negative (1-star and 2-star).
Investment and Growth Plans
CoinMate doesn’t offer staking or any Earn program. However, the platform features a “Recurring Buy” option, which enables users to set up automatic, periodic purchases of cryptocurrencies.
Writer’s Opinion and Conclusion
CoinMate offers access to 26 cryptocurrencies for quick buying and selling with fixed spreads.
The exchange accepts VISA, MasterCard, SEPA, and CZK Bank Transfer methods. It has a score of 3.8 out of 5 on Trustpilot.