Coinmate Crypto Exchange Review - Fees, Security, and European Focus
Oct, 16 2025
Coinmate Fee Calculator
How Coinmate Fees Work
Coinmate offers volume-based fees with maker rebates down to -0.04%. Enter your 30-day trading volume to see your applicable fees.
| 30-day Volume (USD) | Maker Fee | Taker Fee |
|---|---|---|
| 0 â 10,000 | -0.04% | 0.60% |
| 10,001 â 50,000 | 0.00% | 0.50% |
| 50,001 â 200,000 | 0.10% | 0.40% |
| 200,001 â 1,000,000 | 0.20% | 0.30% |
| > 1,000,000 | 0.40% | 0.10% |
Key Takeaways
- Coinmate is a decadeâold exchange that excels in Euro and CZK fiat trading, making it a solid choice for Central European users.
- Maker fees can be negative (rebates) down to -0.04%, while taker fees range from 0.10% to 0.60% depending on volume.
- Security relies on cold storage and 2FA, but the platform lacks advanced custody verification and offers only emailâticket support during weekdays.
- Only six cryptocurrencies are available, a stark contrast to the hundreds offered by global rivals.
- No mobile app means youâre limited to desktop or webâbrowser trading, which can be a dealâbreaker for onâtheâgo traders.
Coinmate is a Czechâbased cryptocurrency exchange founded in 2014 that focuses on Euro (EUR) and Czech Koruna (CZK) fiat pairs. It targets European traders with SEPAâcompatible deposits, low entry fees, and a tiered verification system. If you type "Coinmate review" into a search engine, youâre probably looking for a straightâforward answer to three questions: How cheap are the fees? Is my money safe? And can I trade the coins I want?
1. Who Should Consider Coinmate?
The platformâs sweet spot is anyone living in the Czech Republic, Slovakia, or nearby EU countries who wants to move euros or korunas into crypto without jumping through too many hoops. Beginners appreciate the simple UI, while seasoned European traders like the deep EUR liquidity and seamless SEPA transfers.
If youâre based in the United States, Iran, North Korea, or any of the other prohibited jurisdictions, youâll hit a wall immediately - the exchange blocks those IP ranges and will not accept KYC documents from those regions.
2. Getting Started - Verification and Funding
- Sign up with an email address and set a strong password.
- Enable twoâfactor authentication (2FA) via an authenticator app - this is the only mandatory security layer.
- Upload a governmentâissued ID and a proofâofâaddress document. Coinmate uses an eightâlevel verification ladder; most users stop at level 3, which unlocks âŹ2,000 daily withdrawal limits.
- Choose a funding method. Minimum deposit is just âŹ2, and you can fund via:
- Visa or MasterCard credit/debit cards
- SEPA bank transfer (EU banks)
- CZK bank transfer for Czech accounts
- Direct crypto deposit (BTC, ETH, etc.)
- Once the funds appear, youâre ready to trade.
3. Fee Structure - What You Pay (and When You Get Rebates)
Coinmateâs fee model is volumeâbased and split into maker and taker categories. The most attractive part is the negative maker fee - you actually earn a tiny rebate on highâfrequency liquidity provision.
| 30âday Volume (USD) | Maker Fee | Taker Fee |
|---|---|---|
| 0 - 10,000 | -0.04% | 0.60% |
| 10,001 - 50,000 | 0.00% | 0.50% |
| 50,001 - 200,000 | 0.10% | 0.40% |
| 200,001 - 1,000,000 | 0.20% | 0.30% |
| > 1,000,000 | 0.40% | 0.10% |
In practice, most casual traders stay in the first two tiers, meaning youâll pay between 0.40% and 0.60% on taker orders. Compare that to Binanceâs flat 0.10% taker fee and youâll see Coinmate is pricier, but the feeârebate for makers can offset costs if youâre a marketâmaking bot user.
4. Security - How Safe Is Your Money?
Coinmate advertises a "bankâgrade" custody solution: 95% of user funds are stored in cold wallets, the remainder sit in multiâsig hot wallets for withdrawals. Twoâfactor authentication is mandatory for logins and withdrawal confirmations.
Independent security audits are scarce, and critics point out that the only clientâside protection mentioned is 2FA. Thereâs no mention of hardware security modules (HSM) or thirdâparty custodians, which larger exchanges like Kraken openly disclose.
On the bright side, the exchange has never reported a major hack since its launch in 2014. That track record, combined with Czech regulatory oversight, gives a reasonable baseline of trust for users who value stability over cuttingâedge security features.
5. Trading Features - What You Can (and Cannot) Do
Coinmateâs market list is modest: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), and Cardano (ADA). Pairings focus on EUR and CZK, such as BTC/EUR, BTC/CZK, and ETH/EUR. The exchange does not offer leveraged trading, futures, options, or a sophisticated orderâtype set (no stopâlimit, iceberg, or trailing stops).
The platform does include a recurring buy tool, letting you set a fixed amount of EUR to purchase BTC weekly - a useful feature for dollarâcost averaging (DCA) strategies.
For developers, an API is available, and there are thirdâparty bot integrations like Ĺ tosuj.cz and Bitrobot Pro, but the documentation is thin and geared toward basic market data retrieval rather than advanced algorithmic trading.
6. Customer Support - How Quickly Can You Get Help?
Support is limited to a ticketing system and email responses during weekdays (9 amâ5 pm CET). There is no live chat, no phone line, and no 24/7 coverage. Users report resolution times of 24â48 hours on average during business days, but tickets sit unanswered over weekends.
For a platform aimed at beginners, the lack of immediate assistance can be frustrating, especially when dealing with withdrawal limits or KYC rejections.
7. How Coinmate Stacks Up Against Global Rivals
| Feature | Coinmate | Binance | Kraken | Coinbase |
|---|---|---|---|---|
| Supported Cryptocurrencies | 6 | â350 | â150 | â150 |
| Fiat Pairs (EUR/CZK) | EUR, CZK | EUR, USD, others | EUR, USD, GBP | EUR, USD, GBP |
| Maker/Taker Fees (base tier) | -0.04% / 0.60% | 0.00% / 0.10% | 0.16% / 0.26% | 0.00% / 0.50% |
| Mobile App | No | iOS & Android | iOS & Android | iOS & Android |
| 24/7 Support | Weekdays only | Live chat & email | Live chat, phone | Phone & chat |
| Regulatory Coverage | Czech & EU | Global (except restricted) | US, EU, Japan | US, EU, UK |
From the table you can see why Coinmate is often described as a "regional" player. It wins on low entry barriers, EUR/CZK focus, and negative maker fees. It loses on crypto variety, mobile accessibility, and aroundâtheâclock support.
8. RealâWorld User Experiences
Reviews on G2 (2025) praise the platformâs straightforward wallet for storing BTC and EUR, noting the âexcellentâ handling of SEPA deposits. However, the same reviews flag the lack of a mobile app as a âmajor inconvenienceâ. A 2024 Criffy analysis called Coinmate âuserâfriendly for newcomersâ but warned that âadvanced traders will quickly outgrow the limited order typesâ. Reddit threads echo the sentiment: users love the low âŹ2 minimum deposit but complain about the sixâcoin limitation.
9. Should You Sign Up Today?
If you are a European resident who trades mainly BTC, ETH, and a few other topâtier coins, Coinmate offers a clean, lowâfee entry point with Euroâcentric banking integration. If you crave a broader altcoin menu, leverage, or a fullâfeatured mobile app, youâll likely be better served by Binance, Kraken, or Coinbase.
Bottom line: Coinmate is a stable, regionâfocused exchange that works best as a âgatewayâ for European fiatâtoâcrypto conversion. Treat it as your first stop, then move to a larger exchange when you need more coins or advanced tools.
FAQs
Is Coinmate safe for storing large amounts of crypto?
Coinmate stores about 95% of assets in cold storage and requires 2FA for withdrawals. While it has never suffered a major hack, the platform lacks thirdâparty custody verification, so many users keep only a portion of their holdings onâexchange.
Can I trade on Coinmate from my mobile phone?
No native mobile app exists. You can access the web interface through a mobile browser, but it isnât optimized for small screens and lacks push notifications.
What fiat currencies does Coinmate support?
Euro (EUR) and Czech Koruna (CZK) are the two fiat options. Both are linked to SEPA transfers for fast, lowâcost deposits and withdrawals.
How do Coinmateâs fees compare to Binance?
Binanceâs base taker fee is 0.10%, while Coinmateâs starts at 0.60% for lowâvolume traders. However, Coinmate offers a -0.04% maker rebate, which can offset costs for marketâmaking strategies.
Is there a withdrawal limit for new accounts?
Yes. Unverified accounts can withdraw up to âŹ1,000 per day and âŹ5,000 per month. Higher verification levels raise those caps.
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