Quick overview
CoinMate started back in 2014 in the Czech Republic - a local exchange with a simple goal: make crypto accessible to European traders using SEPA and euro deposits. It doesn’t aim for hype or huge token lists. It sticks to the basics and does them right.Who it’s for and how it works
European users who want to move between euros and crypto quickly use CoinMate. SEPA transfers go in and out with minimal hassle. No cards or third-party processors needed. The token list is small - BTC, ETH, XRP, LTC, BCH - but enough for basic portfolio needs. Volume is modest - under $5M daily. Liquidity on BTC/EUR is workable. Other pairs feel thin. Not great for big orders, but for everyday use, it flows fine.
Fees that don’t surprise you
CoinMate splits fees into levels. Trade more, pay less. SEPA deposits cost a fixed rate. Withdrawals are straightforward. If you’ve used any EU banking, you’ll feel at home. Instant deposits cost more, but nothing hidden. Fees are published and fair. No shocks. Just numbers you can check before trading.
Interface and tools
Simple layout, light on bells and whistles. No futures. No margin. Just spot orders. Charts give the basics. Orders are fast. KYC is required, but the process is clean if your docs are ready. SEPA moves typically clear in 1–2 days. Mobile browser works, though there's no native app. Support comes through tickets or chat. Replies vary - sometimes fast, sometimes not. Enough to solve most issues if you’re patient.
Safety and regulation
The exchange is registered in Czechia and follows EU compliance - AML, KYC, the works. It works with EU banks and has a license from the Czech National Bank. Funds go into cold wallets. 2FA is required. There haven’t been major incidents. But it doesn’t share external audits. The setup seems secure, just not loud about it.
Pros and cons
- SEPA access for smooth euro deposits
- Transparent fees and tier structure
- Licensed and compliant in the EU
- Solid security record, 2FA, cold wallets
- Very few coins available
- Light volume, especially off BTC and ETH
- No margin, no advanced trading tools
- No mobile app
Verdict
CoinMate isn’t exciting, and that’s its edge. It does one thing well - euro access to basic crypto. If you want a clean, quiet platform without endless coins and wild swings, it delivers. But if you’re looking for leverage, exotic tokens, or deep liquidity, this isn’t your spot. CoinMate is where cautious, euro-focused users quietly build and hold.