CoinMate.io is registered in London and is a relatively new exchange. CoinMate serves European users and supports Bitcoin, Bitcoin cash and Litecoin transactions.
CoinMate can be accessed through a web browser, or API for more advanced trading.
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:
REQUIREMENTS: Personal information
TURNOVER: 5000 EUR / Month and 1000 EUR / Day
REQUIREMENTS: IDnow Video-Ident
TURNOVER: 10000 EUR / Month and 5000 EUR / Day
REQUIREMENTS: Basic info and a recent bank account statement
TURNOVER: 20000 EUR / Month and 10000 EUR / Day
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 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.
Fill in the registration form, use a valid email you have access to.
if yoy have filed the form the right way you will see this screen.
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.
You can start using your account, but it is recomanded to verify your account first.
Note that if you are opening a corporate account you should check the first box on the left.
Remember that it’s not safe to leave large sums of money on any cryptocurrency exchange. That means you are leaving your money in someone else’s wallet. The best choice is a hardware wallet such as Trezor or Ledger. Click here to read our Guide to Bitcoin and Altcoins wallets 2019.