CoinMetro Review
These last few years, general interests in cryptocurrencies have taken quite a high spike as more individuals are genuinely desiring to learn more about this massive concept. Bitcoin, Ethereum, and other well performing altcoins like Doge, Tron and Cardano are the biggest favorites as interests increase. This is why we believe that intimating you with a review on the CoinMetro exchange platform will be invaluable as you progress further – learning about a sound and safe platform to handle your crypto assets.
The need to buy or sell cryptocurrencies are to be fulfilled by platforms that would serve as an intermediary between buyers and sellers. A lot of other functions as well are expected to natively exist on such an app or platform – holding, trading, exchanging as well as buying or selling are the basic functions required. Although most great platforms go way up to provide more amazing experience for the average user. Most exchanges have great ease of use, low exchange fees, secured payment system, fast remittance and swift customer support.
Essentially, investing in cryptocurrency isn’t just a whole game that is played in ignorance. Strategies and tools are required to make safe and profitable investment in cryptocurrency possible. These tools and strategies are better advised to be taken after clear evidences are exhibited that they really work.
For this reason, we believe that a honest and trustworthy review would trigger you to take the right decision in your cryptocurrency journey and fast-track your decision to choosing the best exchange platforms as required.
It is a known fact that the cryptocurrency market is very volatile and highly saturated. While many exchanges are rampant and make loud jingles of how good they are, only a few actually offer all that the average user looks out for.
Our review on the CoinMetro exchange platform promises to be swift, honest and would provide you with great headway as you venture in. There is however an evident attestation that the CoinMetro exchange platform is one of the best currently in existence and you’d see why we believe it is.
| Exchange Platform | CoinMetro |
| Website | www.coinmetro.com |
| Variety Crypto | 26 |
| Account Needed | Yes |
| Verification | Mandatory |
| Verification levels | Two |
| Trading platform | Web-based, Application (Andriod & iOS) |
| Payment Method | Bank account, Debit/Credit card, ACH transfer, Wire Transfer, CoinMetro USD wallet, Crypto conversions |
| Customer Support | Email, Twitter, Linkedin, Telegram, Bot, Meduim, Instagram. |
WHAT IS COINMETRO
Based in Estonia, CoinMetro is a centralized exchange platform founded by Kelvin Murcko in August 2017 who was the former CEO and founder of FXPIG – a regulated fx broker station.
CoinMetro is a trading and exchange platform that is structured to bringing cryptocurrencies easily into the mainstream. The platform offers a complete and supportive financial system that enables users to get an awesome experience. Which explains the reason why the platform have witnessed great appreciation and recorded a high influx of users in recent times.
Interestingly, CoinMetro operates a tokenized ecosystem that supports known investment options which includes professional asset management and ETFs. The platform allows users to invest also in up-and-coming Initial Coin Offerings (ICOs). CoinMetro exchange also owns its native token known as XCM, an ERC-20 base token which currently has a market cap of over $132 million.
The CoinMetro exchange platform continually strives to combat the prevailing doubts of newbies and professional traders in the cryptocurrency market through the implementation of several strategies, features and tools to cement a solid positive impression to the average user.
Currently, the CoinMetro team comprises of 20-50 staff members and a total company funding of over $17m. CoinMetro began a strategic partnership with FXPIG in 2011 in order to drag in the industry experience of FXPIG into the development of CoinMetro, this partnership ultimately led to a crossover of experienced hands from FXPIG to sail the ship at CoinMetro.
CoinMetro Trading Services
The CoinMetro exchange is structured to effectively be handled by both newbies and professional traders alike. Aside, the user friendly interface of both the web and app based editions, the platform has a very strong support function with a 24/7 availability. An amazing system that is integrated on the platform is the copy-trading option for newbie traders. Several users have attested of its ease of use and the very appealing trading view.
CoinMetro Fees
It is naturally important that before an exchange platform is chosen, a good look is taken at the format of its trading fees allocation. Cryptocurrency traders as well are knowledgeable of the fact that a platform that runs on reasonable trading fees are considered as elite as no trader would enjoy facing huge slashes on executed trading orders.
The trading fee is naturally the percentage value that of a successful trade order. The percentage value are divided between takers and makers of any trade order. Just as the terms implies, takers are those that pick or take trading orders from the order book by fulfilling the the trade orders which is naturally a set amount for a crypto asset transfer. Makers are simply those that place or make the trade orders on the order book.
The charges that CoinMetro allocates to makers and takers differ. The maker of a liquidity is charged from 0% to over 50% of the fees of the taker which is quite lower than the average industry average, in certain cases makers are charged -0.05% which implies that they are actually paid for initiating a trade. The taker is charged from 0.10% (which is still lower than industry average) to over 20% paid in rebates.
For withdrawals, CoinMetro charges a fixed average of 0.15%, which implies that you get a 0.15% withdrawal fee charged when you withdraw. A percentage based withdrawal fee might be unusual but is still in practice among other exchange platforms. Depending on the estimated amount a user intends to withdraw, attention need be paid to see if the estimated percentage charge for withdrawal is bearable.
Amazingly, CoinMetro does not charge for cryptocurrency swaps that are carried out on the user’s dashboard. Although the exchange rate might vary, the basic fixed price is offered for every 30 seconds.
In the aspect of copy trading, the manager is basically set to receive a performance fee of 0.1% to 20% paid in rebates while CoinMetro charges a performance fee of 1% to 5% depending on the performance of the trade and the performance fee that is set by the TraM manager and visible on the Tram Dashboard.
It is worthy of note that CoinMetro places no charge on registrations and navigation on the platform. The platform instead offers an affiliate program where users can earn crypto once they refer another user to the service.
Withdrawal and Deposit Fees
CoinMero deposit and withdrawal fees might be rated as considerate depending on the chosen method by the user.
CoinMetro charges about $5 SWIFT fee to deposit through AUD and about $70 SWIFT charge to withdraw through same. The USD deposit method is charged at $5 ACH fee which is the same rate for withdrawal while domestic wires are placed at $20 and international wires are placed at $50 also the same rate for withdrawals.
Making deposits and withdrawals on CoinMetro are also possible, the platform charges a SWIFT fee of €5 and and SEPA fee of €1 for deposits. For withdrawals the fixed charge for SWIFT is placed at €50.
Note that depositing cryptocurrencies on the platform has no charge but withdrawals charges for Ether and other Ethereum-based cryptocurrencies are charged at 0.15% + Network Fees, other cryptocurrencies aside this are only charged for the network fee of 0.15%.
CoinMetro’s API
CoinMetro’s Application Programming Interface is unarguably one of the most outstanding in comparison to other exchanges. The REST API is developed using NodeJS, TypeScript, and Express. Despite its simple architecture, the CoinMetro’s REST API has a an obvious wonderful performance and great scalability with added security features. The RESt framework is a layer that that is developed to provide secure and reliable connection between the front-end interface and the CoinMetro database.
Although the API’s internal functions might be rate as quite complex, however the external layout remains simple to navigate and work with. Access permissions are closely monitored as end users are only able to gain access to specific portions of the full API workflow.
CoinMetro’s Limits and Liquidity
There are no present limits to the amount and value of cryptocurrencies that can be added to the dashboard of a user. However, before deposits are effected on the platform, the user is expected to have successfully verified their CoinMetro account. Withdrawals have periodic limits however, SEPA withdrawals usually arrive between 1-2 days and SWIFT withdrawals within typically arriving 2-5 business days. At the moment it isn’t possible to withdraw liquidated assets in USD if you are outside the United States. CoinMetro places the minimum deposit limit at €10 and the maximum deposit at €5000 for card payments.
In summary, the CoinMetro exchange platform is focused on providing effective trading experience by making deposits and withdrawals attain better ease of transaction and offering users to high liquidity on tradable assets.
CoinMetro’s Portfolio
Having the options to spread funds and assets easily and manage on an exchange is an added reason why users look out for the best exchanges. CoinMetro provides these features and services that enable the average user perform needed tasks naturally without seeking third parties. The trading view on the platform enables users access live statistics of market trends to make informed trading decisions.
CoinMetro as welled allows users to be able to send non-standard as well as standard orders like stop limits, market, OCO orders, and stop limit orders through its GUI. Aside this, the CoinMetro wallets system support the depositing, holding, trading and withdrawals of multi-signature cryptocurrencies.
Users also have access to copy-trading on the TraM dashboard. Interestingly, users who are willing can invest in security tokens on the platform using either fiat or cryptocurrencies that they have available on the platform. Since security tokens are investment products they give investors a stake in the issuing company or the associated rights.
Cryptocurrencies Available on CoinMetro
Top flight exchanges are often careful about cryptocurrencies that they list on their platform so as to protect their users from loss. Since CoinMetro is regarded as one the the foremost exchanges globally that offer high liquidity for users it is only necessary that listed cryptocurrencies or trading pairs are are worth it.
The platform offers fiat options in USD, GPB, EUR, and AUD. The acceptable cryptocurrencies on CoinMetro are either listed specifically on in trading pairs.
Heavy cryptocurrency projects like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Lumen (XLM), Bitcoin Cash (BCH), Chainlink (LINK) and other cryptocurrencies are also listed on the platform. Stable coins like the USD Coin (USD) exist on the platform to facilitate trading options through pairing.
CoinMetro Interface
An exchange’s interface is one of the paramount features the average user looks out for and much to say that CoinMetro did not do so bad in this aspect, as a matter of fact, a good number of critics attests that CoinMetro interface has one of the most favourite outlook.
CoinMetro has three interfaces – for the beginner trader, the intermediate, and for the professional trader. The beginner trading interface has a simple dashboard that simplifies the processes of buying and selling, the intermediate UI is much mature with a slick view and peculiar features while the pro interface has advanced analytics, unique chart structure and more professional features.
In terms of trade options, CoinMetro went a little way beyond other exchanges in non-standard order types including combinations of OCO (One Cancels Other), plus TIF (Time in Force), and other order types like IOC (Immediate or Cancel), FOK (fill or Kill), etc.
How Secure is CoinMetro?
A secure exchange is one of the many factors that completes the wish list of any potential trader. The reasons that exchanges should develop strong security features cannot be overemphasized, a grim reason being the reckless interference of individual accounts on sites all over the internet.
CoinMetro lives up to it’s promise and standard expectation by ensuring that the platform is tight through standard formats and added security features. The wonderful security framework on CoinMetro was a direct inspiration from their partner FXPIG that have a reputation of remaining incident free and had never been hacked into successfully.
CoinMetro has BitGo integrated as a payment processor due to its strict security protocols, the platform also adds the Two-Factor Authentication layer to every verified user’s account. The login system to access any account on the platform requires both a password and a multi-digit code sent to the registered mobile device.
Other security features integrated into the platform includes facial, prints and voice biometric verification and multi-signature wallets for confirmation of back-end transactions.
Customer Support
The Estonian based crypto exchange firm is continuously praised for its very active customer service. While other exchanges offer certain standard support methods on the platform, phone, web, social media and email, CoinMetro went well ahead to develop a user friendly bot simply called “Frank” to assists users that have certain issues by answering FAQ, giving reference guides and troubleshooting. The help-desk on CoinMetro runs 24/7 and engages users on live-chats to respond to issues as swiftly as possible. At the bottom corner of any page on the platform you can get to live chat with the customer support or simply type in your issue on the article search panel with a keyword to read related articles that might offer the needed answer. An interactive Telegram channel for both staff and users is also open to users.
The email customer support is hyper active, the customer is only required to properly type in the issue involved without ambiguity.
A lot of users attests that the email customer support is one of the fastest means to have issues resolved on the platform.
The platform has an active Twitter account that provides updates about the platform to the public as well as following social trends. It is not likely to have account issues resolves through Twitter to avoid disseminating users’ information to the wrong persons.
- Phone
Just like most other exchanges, CoinMetro does not provide live customer support through phone calls. Issues with breaches on your account can easily be resolved if the user requests a review of the breached account through the email support already provided.
Conclusion
It is commendable that exchange platform that kick-started not more than five years ago to offer the ease of use and the incredible features that CoinMetro offers. Features that begins from great User Interface, up-to-date security methods, active customer support, and high liquidity for traders alongside other amazing tools and systems completes the needs of the average cryptocurrency trader. Owing to the fact that the firm has evolved from a stock broker to an active crypto exchange platform speaks high volumes of their experience as towering fin-tech giants.
Conclusively, to assess the amazing features and privileges that the exchange offers it is important that you sign up for free and begin to develop your trading skills using their revised strategies and well administered trading levels.
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