CoinMate.io Bitcoin Exchange Review

CoinMate Bitcoin Exchange

coinmate.io_ CoinMate.io Bitcoin Exchange ReviewCoinMate.io is registered in London and is a relatively new exchange. CoinMate serves European users and supports Bitcoin, Bitcoin cash and Litecoin transactions.

Ledger Nano S - The secure hardware wallet

CoinMate can be accessed through a web browser, or API for more advanced trading.

 

verification

Like most exchange CoinMate has a know-your-customer process (KYC). To verify your account you will be asked to send a photo id and a utility bill. If you are a company opening an account, you will need additional verification info. Verification levels on CoinMate:

Basic
REQUIREMENTS: Personal information
TURNOVER: 5000 EUR / Month and 1000 EUR / Day

Video verification
REQUIREMENTS: IDnow Video-Ident
TURNOVER: 10000 EUR / Month and 5000 EUR / Day

Higher limits
REQUIREMENTS: Basic info and a recent bank account statement
TURNOVER: 20000 EUR / Month and 10000 EUR / Day

Individual limits
REQUIREMENTS: KYC Questionnaire
TURNOVER: 100000 EUR / Month and 20000 EUR / Day

Buying and selling bitcoins

When you are verified you can send bitcoins to your account and after three confirmations you can start trading. If you want to buy bitcoin quickly and don’t mind the price, choose the quick-buy option.

If you want to sell bitcoins, choose the selling price and wait for a buyer to take your trade. Fee is 0.2% on all trades.

Deposit & withdrawal

You can transfer fund using SEPA transfer in EUR, SOFORT (Instant bank Deposit), Domestic bank wire in CZK, MoneyPolo, Bitcoin, Litecoin and BitcoinCash. If you withdraw to a bank account, it takes up to two working days to see the funds in your account.

coinmate.io_ CoinMate.io Bitcoin Exchange Review

CoinMate also has a referral system that pays 50% of fees for 48 months. For more info on Bitcoin affiliate programs you can read our guide to the best Bitcoin affiliate and referral programs.

It is strongly advised not to store your cryptocurrency on an exchange, only on a dedicated wallet that you own. You can learn more from our guide to Bitcoin and altcoins wallets 2018.

Coinmate.io registration guide

Go to coinmate home page and tap on SIGN UP.

coinmate.io_ CoinMate.io Bitcoin Exchange Review

Fill in the registration form, use a valid email you have access to.

coinmate.io_ CoinMate.io Bitcoin Exchange Review

if yoy have filed the form the right way you will see this screen.

coinmate.io_ CoinMate.io Bitcoin Exchange Review

A confirmation email will be sent to your email address. Login to your email account and confirm the registration. the email looks like this, just click on the link.

coinmate.io_ CoinMate.io Bitcoin Exchange Review

You can start using your account, but it is recomanded to verify your account first.

coinmate.io_ CoinMate.io Bitcoin Exchange Review

Note that if you are opening a corporate account you should check the first box on the left.

coinmate.io_ CoinMate.io Bitcoin Exchange Review

Don’t forget to get a wallet – Keep your coins safe!
coinmate.io_ CoinMate.io Bitcoin Exchange ReviewIt is strongly advised not to store your cryptocurrency on an exchange, only on a dedicated wallet that you own. Here you can read more about what is a Bitcoin Wallet.

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