Bitcoin withdrawal options – fastest in industry

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Coinmates,

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.

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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. 

btc withrdawals

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Additionally, BTC can be withdrawn directly via Coinmate’s API.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.

BTC withdrawals FB

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Hackers Congress Paralelni Polis 2018

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Cheers Coinmates,

All week we’ve been on a high after the Hacker’s Congress Paralelni Polis (HCPP2018).

We’re proud to be a partner and thank everyone who visited our stand and agreed to wear our t-shirts. It was incredible to meet our Coinmates in person and listen to your feedback. We take on board your ideas – additional currencies are on the way.

 

Thank you for your positive interaction with Coinmate, it genuinely warms our hearts!

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The congress is unique in our community. Art, political activism, liberation through technology, as well as business, all come together. But most of all, the atmosphere of intimacy and openness in an illustrious venue brings out ideas that benefit our whole community and, hopefully, the world.

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Lastly, thank you to those who organised and contributed, from vegan food and crypto payments, to music and thoughtful discussion in the youtube studio – we observed and appreciated the massive amounts of work the organisers and volunteers put in from morning till night.

 

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Each year, HCPP tickets are sold out months in advance – don’t miss it. We’ll see you next year.

Find more photos on our Fb page.

 

Regards, Coinmate team

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Hackers’ Congress 2018. Voucher for ONE MONTH FREE TRADING T&Cs

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Welcome,

Thank you for your interest to Coinmate Crypto Exchange, one of the oldest and most reliable exchanges in Europe. Here are the terms and conditions for the FREE TRADING VOUCHER you received at the Hackers Congress 2018.

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  1. The free trading voucher is a gift, especially for you. It cannot be given to another person. If they want one – please send them over to our booth and we’ll oblige.
  1. The promotional code on this voucher will allow you to trade without incurring trading fees for 30 days.
  1. This voucher and promotional code are valid until 31st December 2018.
  1. This promotion is for newbies and only valid for newly created Coinmate.io accounts (accounts created on 5.10.18 and later).
  2. This voucher covers trading fees. It does not cover any other fees, such as deposit or withdrawal fees.
  1. Your free 30 days of trading will start on successful confirmation by our support team. Remember, just register an account and communicate your code via the internal support page.
  1. If you have any questions, we are more than happy to answer them. We’d love to see you. Please visit our booth and talk to us.
  2. Alternatively you can contact support@coinmate.io, or visit us on our Facebook page.

 

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Coinmate is a partner of HCPP 2018

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Coinmates,

Great news this week.

We’re at the Institute of Cryptoanarchy Hacker’s Congress, Paralelni Polis, in beautiful Prague (5th – 7th October).

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It’s a massively popular event, with all tickets sold out three months ago.

Coinmate is glad to play its part to support our industry by being a main sponsor there. If you didn’t manage to get tickets, you can stream it live, including one of our Coinmate speakers.

If you will be there, then be sure to visit Coinmate at our stand. We’ve got some wonderful surprises for both new and existing clients.

But most of all we’d love to see you and have a chat.

Coinmate team

Congress website: https://neworder.hcpp.cz/

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SOFORT and Mastercard payment transfers

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Dear Coinmates,

SOFORT payment transfer has been added and is now available for traders in Austria, Belgium, Germany, Italy, the Netherlands, Poland, Spain and Switzerland. The fees for using this payment method are an extremely low 1.5%.

Coinmate Account Deposit Options

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SOFORT is a secure system with instant payment transfer capabilities. Those traders who are located in countries that support SOFORT should find it very convenient.

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Additionally, we have enabled Mastercard payment options for all of our European clients. Coinmate fees for funding your account with Mastercard are among the best the market has to offer, and range from between 3.8% and 3.98%. You can find out more on our fees page.

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Visa card payments will also be accepted in the very near future. Our Visa payment method is already in the test environment and should be available for clients very soon.

Regards, Coinmate team

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Currency pairs BCH/EUR and BCH/CZK added

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Dear Coinmates,

Two currency pairs – Bitcoin Cash/Euro (BCH/EUR) and Bitcoin Cash/Czech Koruna (BCH/CZK), have been added to the exchange. Buying and selling Bitcoin Cash will have reduced fees until the end of the year.

Coinmate is committed to improving our services long-term, and to support positive developments in the cryptocurrency industry as a whole. New currencies and more enhancements will be added in the near future.

Best regards,

Coinmate team

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Press coverage August 2018

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Cheers, Coinmates!

Here’s a bit of press coverage about us – on the subject of our new negative fees.

A big thank you to the media who published.

Regards, Coinmate team

 
Bitcoinafrica.io
https://bitcoinafrica.io/2018/08/14/crypto-exchange-coinmate-io-pays-traders-to-trade/

Bitnovosti.com
https://en.bitnovosti.com/2018/08/15/coinmate-io-crypto-exchange-started-applying-negative-fees-to-high-volume-traders/

Blokt.com
https://blokt.com/trading/competition-has-driven-one-crypto-exchange-to-embrace-a-negative-fee-model/amp

Cryptocapitalnews.com
http://cryptocapitalnews.com/competition-between-exchanges-heats-up/

Cryptoverze.com
https://cryptoverze.com/exchange-pays-traders-as-competition-heats-up/

Zycrypto.com
https://zycrypto.com/coinmate-exchange-surprises-exchange-market-with-negative-fees/

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Coinmate.io pays traders to trade. Our new fees

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Dear client,

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

EXCHANGE TAKER FEE MAKER FEE
Coinmate 0.25% 0.12%
Kraken 0.26% 0.16%
GDAX 0.30% 0.00%
Bitstamp 0.25% 0.25%

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

EXCHANGE TAKER FEE MAKER FEE
Coinmate 0.06% – 0.05%
Kraken 0.14% 0.04%
GDAX 0.30% 0.00%
Bitstamp 0.12% 0.12%

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.

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Lowering fees,

Your Coinmate.io team

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Litecoin trading LTC/EUR and LTC/CZK begins

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We are happy to announce new trading pairs LTC/EUR and LTC/CZK to be introduced this week. The deployment will require about a 10 minute system downtime on Thursday 24th May 10pm CET. We apologize in advance for any inconvenience the unavailability may cause you.

 

High and low priority Bitcoin withdrawal

We have become one of the first crypto exchanges to deploy dynamic bitcoin withdrawal fees, giving you the option to choose between a fast and economical bitcoin fee.

Bitcoin fees are now updated several times a day based on the bitcoin network situation. High priority withdrawals are processed within a few minutes and confirmed as soon as possible. Economical withdrawals are processed in hourly batches and targeted to be confirmed within 3 blocks. You can also choose between the 2 bitcoin withdrawal types when using our API.

 

What’s next?

We are expanding our team with additional developers as we plan to onboard new cryptocurrencies (Dash, Ethereum and Ripple). We are also very close to introducing a new competitive trading fee model. Stay tuned.

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Christmas and New Year’s Holiday Notice

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Dear coinmate users,

Please be informed that during Christmas Holidays (23rd December until 2nd January) our Customer Support will be very limited.

Support

Please do not contact our Support or write emails during these days unless it is absolutely necessary. Response to issues may take up to 7 days and General support enquiries will be ignored. Video verification will remain active in a limited mode but reviewal of bank account statements and questionnaires will be postponed until 2nd January.

Deposits, withdrawals and trading

Single Deposits that do not fit your current 24-hour account limit will remain pending until 2nd January. Bank Deposits within your current account limits will be processed automatically and Bank Withdrawals within your current account limits will be processed on business days. Also, please be noted that it is possible to Deposit and Withdraw ONLY USING YOUR VERIFIED BANK ACCOUNTS. Faulty deposits (i.e. from accounts of other persons or cash deposits) will be returned after 2nd January and will be subject to a 10 EUR processing fee. Issue with Bitcoin processing has been fixed and Bitcoin Deposits and Withdrawals are now are being processed flawlessly. All trading will remain active and uninterrupted during the Holidays.

We apologize for such short notice but the enormous growth in new registrations, associated administration, overloaded bitcoin network with rising unconfirmed bitcoin transactions and bitcoin network fees in the past 30 days has been overwhelming on our staff. Thank you for understanding.

We wish you Merry Christmas and a Happy New year.

 

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