Operating since 2014, Coinmate is a cryptocurrency exchange that was established in the United Kingdom to enable traders to buy, sell, or hold multiple cryptocurrencies, such as Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash, Dash, Dai, and many others. The Exchange provides clients with trading platforms and the necessary tools for trading cryptocurrencies. Clients also get access to some educational materials and client support.
Coinmate Review Introduction
In this Coinmate review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my broker reviews. You can also use my free trading tool to compare brokers including Coinmate.
Coinmate Platforms & Tools
Traders are allowed to trade the available cryptocurrencies using the provided low-fee trading platform. The platform 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. The platform is available as a WebTrader that can run directly on modern web browsers, including Chrome, Safari, Edge, Firefox, and many others.
Traders are provided with a range of useful trading tools to enhance their trading. The tools 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 Research & Education
The Exchange provides a selection of educational materials that are geared towards enhancing traders’ knowledge. The Exchange’s website has a News section that updates traders on the latest happenings in the market space, and there is a Trading Blog that contains a range of educational articles.
Coinmate Trading Accounts
Coinmate offers one live trading account option, but there is also the demo account for traders who wish to try out their different trading strategies with virtual funds before opening a real trading account.
Coinmate Account Funding
At Coinmate, the following payment methods are available deposit and withdrawal of funds:
- Bank wire transfer
- Payment Processors, such as Sofort.
- Cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash, Dash, Dai, and more.
Some payment methods may not be available for both deposits and withdrawals, whereas the time taken to process transactions is dependent on the payment method.
Coinmate Customer Service
The Exchange offers a client support team that is prompt and polite in responding to clients’ inquiries. They can be contacted via email and selected social media handles: Facebook, Twitter, and LinkedIn.
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. Some professional traders may not trade with an unregulated exchange as they cannot offer an adequate protection of clients’ funds.
Coinmate Review Summary
Coinmate is a peer-to-peer cryptocurrency exchange that has been in operation since in 2014. The Exchange provides clients with the necessary platform and tools for trading multiple cryptocurrencies. Clients also get access to educational materials and a customer support team. However, Coinmate is unregulated, which may be a red flag for some potential clients.
It is worth mentioning that some of the trading products and services in this Coinmate review may differ or not be available to traders in some countries due to regulations. As broker’s terms can change over time, please verify all information is up to date directly from the Coinmate broker website which you can visit by using the link below.
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.