Hello Coinmates, as previously promised, we are now preparing to expand the number of trading pairs in CoinMate.
Ethereum pairs this Thursday on Coinmate.io
The deployment will require about a 10 minute system downtime on Thursday 13rd December 10pm CET. We apologize in advance for any inconvenience this unavailability may cause you.
Ethereum is a decentralized platform for smart contracts, which are applications running exactly as programmed, without any possibility of a downtime, censorship, fraud or third-party interference. Ethereum went live on 30 July 2015, with 72 million coins “pre-mined”. This accounts for about 70 percent of the total circulating supply in 2018 according to Wikipedia. Ethereum is currently the third largest cryptocurrency by Market Capitalization of about $9,500,000,000, and it is the second most traded cryptocurrency.
We are expanding our team with additional developers as we plan to onboard new cryptocurrencies and we are also very close to introducing new features like sub-accounts, stop-loss orders, price alerts and a refreshed design. Stay tuned.
Bitcoin (BTC) withdrawal options have been separated into two streams, allowing you two ways to withdraw. There is a faster way, called “high priority” with slightly higher fees. Also a standard way, called “economy” with lower fees.
High priority BTC withdrawal – this super-fast alternative is processed every seven minutes, and should allow your BTC withdrawal to be confirmed within 30 minutes.
Economy BTC withdrawal – this standard option is processed every 60 minutes. For your convenience you can see a countdown for each new batch of transactions to be sent. Your BTC withdrawal should be confirmed within two hours. Correspondingly this option has lower fees.
Question: Which crypto exchange has the fastest Bitcoin withdrawals?
Answer: We think it’s Coinmate. Getting BTC from the exchange and into your own personal wallet using our “high priority” withdrawal option is certainly among the fastest and possibly the absolute fastest way that any crypto exchange can do it.
BTC withdrawal via API
Additionally, BTC can be withdrawn directly via Coinmate’s API. This is a more advanced option which is very convenient if you want to withdraw in batches or automate withdrawals or pay with ease into different wallets. The API can be configured to make more complicated mass payouts simpler, while still being safe and having the lowest possible fees.
Coinmate is pleased to offer you negative fees of 0.05 per cent if your trading volume hits over three million euros over a monthly period.
This is not a gimmick or a special offer. It is now our standard policy. We believe this is a world first among crypto exchanges. We’ve always been proud of our low fees and would like to show you how we compare with other exchanges.
Standard fee comparison among exchanges
If you hit the magic three million euros monthly trading volume, then we will provide you with a 0.06% ‘taker’ and -0.05% ‘maker’ fee. Yes that’s right – we will pay you for your ‘maker’ trades.
Take a look how this compares with other exchanges:
Fee comparison on three million euros trading volume
We hope you will benefit from these changes. If you want more detailed information, please have a look at the fees page on our site.
Your Coinmate.io team
Dear Clients, we will be upgrading our portal to higher database instances. Our website wil undergo maintenance service on 15.11.2017 (22:00 – 23:00 CET).
We sincere apologize for any inconvenience this may cause you.
Your coinmate.io team.
We are currently 14.11.2017 9:00 CET, experiencing technical difficulties on our backend and are working to resolve the issue.
We will endeavour to restore operations as soon as possible.
Dear CoinMate Users,
we are glad to announce a new release of the CoinMate exchange portal. In order to perform the update, CoinMate.io service will undergo planned maintenance on Tuesday 19th September from 10pm to 11:55pm CET.
Bank withdrawal processing
In response to the increased demand for faster bank withdrawals, we are rolling out withdrawal templates and automated processing. Starting 20th September 2017 we will be processing bank withdrawals twice a day. First batch of payments will be processed at or about 11am and the second batch at the end of the business hours.
Improved Trade screen
Market stats and user trade history will be added to the Trade screen, everything elegantly packed for even better trading experience.
Security enhancement and API add-on
An extra security feature will be added to the password recovery process. And our API will be expanded with a new Order history call.
After improving our database and server infrastructure in the previous months, it is now time to introduce new trading pairs (Litecoin will be introduced in late October). We are also happy to announce that more trading pairs will follow shortly after Litecoin deployment.
So a little while back, we had made some changes to the fees structure, particularly the introduction of euro deposit fees. We had hoped these would be temporary, and we have good news for those of you using Euro SEPA deposits.
With 1.2 now live, and our shift to BTC/EUR instead of BTC/USD, our new verification tiers, and recently added Moneypolo integrations, we have been able to update our fees structure. These are now available here. This impacts both our trading and withdrawal/deposit fees
CoinMate were the first EUR Bitcoin market using the market maker and market taker trading model. We launched on July 20th, although Kraken followed shortly after. Orders that supply liquidity to the market (“maker”) get a more favorable fee than orders that take liquidity from the market (“taker”). Our maker fee is a low 0.05%, and taker fee is 0.35%
||Sum of Deposit + Withdrawals
||Exchange Operations allowed
||100 BTC / Month
20 BTC / Day
|Only virtual currency Depo & Withdrawals
Date of Birth
|5,000 EUR / Month
1,000 EUR / Day
|All deposit and withdrawal methods except bank transfers and Sofort
||ID or passport
Utility bill or second picture ID (driving license, passport, ID card)
Certificate of Incorporation (companies only)
|20,000 EUR / Month
5,000 EUR / Day
|All operations allowed
||100,000 EUR / Month
12,500 EUR / Day
|All operations allowed
We are ready to announce a new partnership with leading UK regulated payment provider MoneyPolo.
MoneyPolo allows you to deposit cash in 100 countries. MoneyPolo also supports CashU deposits. Open a MoneyPolo account, load it with funds and make an instant deposit to CoinMate bitcoin exchange for free. Coinmate also provides an instant withdrawals via MoneyPolo.Click here for more info
The CoinMate Team
After 6 months of hard work, we are ready to announce a new version 1.2 of the CoinMate.io bitcoin trading platform replacing the current v1.1 beta.
The new version will introduce the following:
- Quick Buy and Sell, a new function that will let you buy or sell Bitcoin with one click
- Maker / Taker fees (the lower maker fee 0.05% is charged when supplying liquidity into the order book and taker fee 0.35% is charged when taking existing offers from the order book) This will replace the current 0.2% flat fee
- New language versions of the portal in German, Czech and Polish
- New header and menu for easier navigation
- Overview of all CoinMate trades in the trading user interface
- Help boxes providing basic information on the various functionalities
- New verification and KYC process introducing verification levels
- Live Bitcoin price in the Browser title
- Top 10 traders will be rewarded with 0% maker fee and 0.1% taker fee schedule for 30 days each month
- New verified sign-ups will no longer receive the 1USD sign-up bonus
- New terms for our referral program. 50% commission of maker/taker fees from referred users for 6 months from date of registration
- Creating and redeeming vouchers will have a flat fee of 0.35%
- Improved BTC withdrawal process, and a flat 0.0001 bitcoin transaction fee. No fees for bitcoin deposits.
The most fundamental change will be transition of the entire portal system currency from USD to EUR. This means that all balances and all transaction history will be converted into Euros using exchange rate http://finance.yahoo.com/q?s=eurusd=x at the time of the new version deployment at 5pm GMT Sunday 19 July 2015 (using the spot exchange rate of Yahoo finance). We will retain all transaction history in USD before we make the switch. Clients who require their USD transaction history can request it via our support team.
If you withdraw your USD account balance or convert your USD account balance into Bitcoin before this date, your account balance will not be otherwise influenced. If you will have an USD balance at the time of the transition, it will be favourably converted into EUR using the spot rate. Trading will thereafter take place using EUR/BTC exchange rates. Bitcoin balances will remain the same as before the transition.
The EUR, CZK and PLN bank Deposit and Withdrawal methods will remain intact, OKPay deposits and withdrawals will be newly processed in Euro.
During the month of August we will also introduce new funding method Sofort (instant bank deposit supported in 13 EU countries) and new instant deposit and withdrawal method MoneyPolo (MoneyPolo allows cash deposits and cash withdrawals in 150 countries of the world and offers a prepaid card) .
Please note that CoinMate.io trading portal will be unavailable from 5pm GMT until midnight Sunday 19 July 2015 during the deployment of the new version.
We hope you will enjoy new CoinMate providing even smoother trading experience and favourable rates for speculative trading. In case you have any questions, please contact our Support.
The CoinMate Team
We would like to inform our customers that our $1 verification bonus promotion will end with the June update of CoinMate.io’s Bitcoin Exchange. If you have been having fun trading bitcoin on the exchange, and would like to take the opportunity of verifying your identity to enable Euro, Czech Koruna and Polish Zloty deposits and withdrawals, please visit the Get Verified tab in your account.
We process documents in one working day, but if you contact us between 8am and 5.30pm GMT using chat support, we can often do this quicker to expedite the process for you.
We would also like to remind our clients of the top 10 BTC/USD traders giveaway. In April, $614.59 was shared among the month’s top traders. You can see the current month at the stats page.