Coinmate Review 2020
Coinmate is a peer-to-peer digital currency exchanger that provides traders with a secure low-fee trading platform for trading multiple cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash, Dash, Dai, and many others. The Exchange strives to define new standards in Bitcoin trading and provide traders with industry leading best customer support, along with multiple educational resources and advanced trading tools.
Coinmate Review 2020, Pros & Cons
- Intuitive trading platform
- Some useful trading tools
- Multiple cryptocurrencies available for trading online
- Unregulated exchange
- Cryptocurrency trading only
- No MetaTrader platforms
- No USA clients
- No live chat support
In this detailed Coinmate review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Coinmate is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Coinmate.
Coinmate Review: Summary
Based in the United Kingdom, Coinmate is an online cryptocurrency exchange that has been in operation since 2014. The Exchange provides their clients with platforms and the necessary tools needed for the online trading of cryptocurrencies. Clients also get access to other useful trading tools and educational materials.
Coinmate Review: Regulation
Coinmate is the trading name of CONFIRMO LTD, a company registered in England and Wales with company number, 09130992. The Exchange ensures the security of clients’ funds by using three types of cryptocurrency wallets (Hot, Cold, and super cold). However, there is no regulatory information on the Exchange’s website at the moment.
Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our best trading brokers for alternative regulated brokers.
Coinmate Review: Countries
Coinmate offers their services to traders from different parts of the world, provided that the use of such services would not contradict any local law or regulation.
Some Coinmate features and products mentioned within this Coinmate review may not be available to traders from certain countries because of legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
Coinmate Review: Trading Platforms
Coinmate provides traders with a low-fee trading platform for trading the available cryptocurrencies online. The platform is web-based, so it runs directly on most modern web browsers without the need to download or install any additional software. It has two interfaces, namely: The ‘Quick Buy/Sell’ mode, which executes trades instantly at a single click, and the Advanced Trading mode that is designed for the more seasoned traders to trade professionally.
Coinmate Review: Trading Tools
The Exchange provides traders with a range of useful trading tools to enhance their trading experience of traders. They include the Advanced Trading View for those who want to follow market events and monitor their trading and the Coinmate API, which connects with traders’ trading bots for automated crypto ATMs, mass payments, payouts, exchanges, and many more.
Coinmate Review: Education
Traders also get access to a selection of educational materials to improve their trading skills and knowledge. There is the News section that updates traders on the latest happenings in the market space, as well as the Trading Blog that contains a range of educative articles.
Coinmate Review: Trading Instruments
Coinmate offers multiple cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash, Dash, Dai, and more for online trading.
Coinmate Review: Trading Accounts & Fees
The Exchange offers one live trading account option, and there is also the demo account, which is available for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this Coinmate review. It is imperative to ensure that you check and understand all of the latest information before you open a Coinmate broker account for online trading.
Coinmate Review: Customer Service
A professional customer support team is always on hand to assist traders with any inquiries they may have. They can be contacted via email and selected social media handles: Facebook, Twitter, and LinkedIn.
Coinmate Review: Deposit & Withdrawal
A wide variety of account deposit and withdrawal methods are available to Coinmate clients, and they include:
- Bank wire transfer
- Payment Processors, such as Sofort.
- Cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash, Dash, Dai, and more.
Coinmate Review: Account Opening
Opening a trading account is simple and straightforward; simply click on the ‘Sign Up’ icon and fill out the account opening form. Then, click on the ‘Agree and Signup’ button to complete the account opening process.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Coinmate Review: Conclusion
Based in the United Kingdom, Coinmate is a peer-to-peer cryptocurrency exchange that has been in operation since in 2014. The Exchange provides clients with the platform and necessary tools for trading cryptocurrencies. Clients also get access to a few educational materials. However, Coinmate is unregulated which may be a red flag for some potential clients. You may wish to view our best crypto brokers for regulated alternatives.
Trading in Coinmate’s cryptocurrencies and engaging in related leveraged transactions entails significant financial losses. You should not commit funds to trading or leveraging digital tokens that you cannot afford to lose entirely. Market prices for digital currencies can be volatile and highly unpredictable.