Coinmate bitcoin exchange is registered in London but carries out its operations from the Czech Republic. The company was founded in 2014 by two graduates of economics in Prague. Coinmate team comprises of a diversified group of software developers, traders, and economists. Coinmate, despite arriving late to the scene has managed to carve out their own niche. They have set up for Euro customers, allowing cheap and instant bank deposits. Coinmate is a great option for traders due to its low fees and localized way to get money into accounts.
There are two separate trade interfaces offered by Coinmate; a “quick buy/sell” which is just really a market order interface which shows the best available price from the order book in a big blue bubble. Clients simply enter the amount they wish to buy/sell, and hit confirm, to have their account credited with the corresponding bitcoin.
Depending on the amount of bitcoin desired, the prices change according to supply in the order book. Coinmate trades in BTC/EURO. Coinmate makes use of the maker/taker trading model where orders that give liquidity to the market (makers) get a lower trading fee (0.05%) than those which reduce the liquidity of the market (takers) with a fee (0.35%).
On the client side, all accounts are secured by 2fa, and passwords are hashed prior to storage on the coinmate serve. Apparently, all cash and bitcoin are kept separately from coinmate operational accounts, and 95% of customer coin is kept offline and distributed in multiple locations - within safety deposit boxes. We are unable to independently verify these claims.
Coinmate is an innovative outfit that has managed to carve their own little niche in the market despite arriving late to the scene. They've set up Sofort for eur customers, allowing instant and cheap bank deposits - a welcome change from the 1-3 day SEPA wait. Through the integration of MoneyPolo, they have leveraged a massive network of local brick and mortar cash deposit points across the globe, offering a localized method of getting cash into the bitcoin ecosystem for most anyone, anywhere. Minimal KYC is required for MoneyPolo depositing accounts. From the moneypolo side if you are using the cash deposit option - which is really why the option is there - you'll need to verify identity only at the brick and mortar money order branch, which should be more convenient depending on your particular location.
|Rank||Site||Margin trading||Fiat||Safety||API||Referral||Location||Languages||Buy with||User Vote||Score|
|1||A||San Francisco, USA||EN||bank transfer, card|
|3||A||No||Hong Kong||EN||EUR, USD|
|4||No||A||Europe||EN, CZ, SK||USD, EUR|
|5||A||No||San Francisco, California, United States||EN||USD, EUR, JPY, CAD|