Coinmetro

What is Coinmetro？

CoinMetro, an unregulated cryptocurrency trading platform, was established in the year 2017. Since its inception, the platform has amassed a significant trading volume that exceeds $100 million, showcasing the scalability and popularity it enjoys among its user base. The exchange maintains a fee structure where takers incur a fee of 0.1% on their trading activities, whereas makers are exempted from any fees. CoinMetro also prioritizes customer support, delivering immediate and effective assistance to their customers.

Pros and Cons

• Low Trading Fees: CoinMetro offers competitive trading fees, including 0% maker fees and 0.1% taker fees.

• Unique Investment Opportunities: CoinMetro offers investing options such as UST staking and bonds, providing users with diverse ways to grow their funds.

• UST Staking: CoinMetro allows users to stake UST, which can be a potential way to earn rewards on their holdings.

• Educational Resources: CoinMetro offers an educational “Content Hub” with articles, insights, and a demo platform for users to learn about cryptocurrency trading.

• Limited Cryptocurrency Selection: The exchange has a relatively small number of cryptocurrencies available for trading, potentially limiting diversification options.

• Underdeveloped Copy Trading: The copy trading service might not be as robust as desired, potentially limiting the effectiveness of this feature.

• Niche Stake-able Assets: The available stake-able assets might be overly niche, limiting users' choices for earning rewards through staking.

• High Deposit/Withdrawal Fees: The platform imposes relatively high deposit and withdrawal fees for certain methods, which could impact users' overall costs.

• Unregulated: CoinMetro operates without regulatory oversight, raising concerns about security, user protection, and compliance.

Regulation

CoinMetro operates without regulatory oversight, which raises concerns about user protection, security, and compliance. The absence of regulation means fewer safeguards against risks like fraud and unfair practices. Users should approach with caution and consider potential drawbacks before engaging due to the lack of regulatory supervision.

Security

Coinmetro prioritizes user security by adopting practices from FXPIG and partnering with BitGo. Key measures include:

• Enhanced 2FA: Users authenticate with a password and a code sent to their device, boosted by Authy's multi-device 2FA.

• Dual-Validation Transactions: Transactions need two signatures, one from BitGo and another from Coinmetro, enhancing protection.

• Optimized Cold Storage: Cryptocurrency deposits are temporarily held in “receive wallets” and frequently transferred to secure “cold storage wallets,” limiting potential loss.

• IP Address Verification: Users verify their IP via an email confirmation, though this can be disabled for convenience.

Trading Market

CoinMetro offers a diverse selection of 59 cryptocurrencies, including popular options such as Bitcoin (BTC) and Ethereum (ETH), as well as others like Ripple (XRP), USD Coin (USDC), Cardano (ADA), Polygon (MATIC), Litecoin (LTC), Polkadot (DOT), Dai (DAI), and Bitcoin Cash (BCH).

Keep in mind that cryptocurrency values are subject to rapid changes, so careful consideration and up-to-date research are essential when engaging in trading activities.

CoinMetro APP

CoinMetro's Mobile App 5.0 provides users with an efficient and handy platform to trade and invest in cryptocurrencies. Developed after a year of hard work, it is designed to offer the best tools and environment for trading in crypto space. In addition to a user-friendly interface, the app also offers low fees and instant execution of transactions to make trading a seamless experience for its users.

You can download the CoinMetro Mobile App from both the Apple App Store and Google Play Store. The app is available for users of both Android and iOS devices, making it easily accessible for most smartphone users.

How to Buy Cryptos？

Step 1: Create an Account on CoinMetro

Sign up on the CoinMetro platform by creating an account.

Step 2: Verification

Complete your profile verification process which includes providing required documents and details.

Step 3: Fund your Account

You can fund your account using fiat money or cryptocurrency. CoinMetro provides multiple deposit methods including credit card and bank transfers for fiat deposits.

Step 4: Follow Specific Instructions For Each Cryptocurrency

If you're depositing cryptocurrency, ensure you follow the instructions specific to each type of currency. Some cryptocurrencies like XRP require additional information such as a destination tag.

Step 5: Start Trading

With your account funded, you are now ready to make your first cryptocurrency purchase on the CoinMetro platform. Navigate through the user-friendly interface to buy, sell, or trade as you wish.

Fees

Margin Trading Fees:

Maker Fee: 0%* - This fee is applied when you provide liquidity to the market by placing a limit order that doesn't get immediately matched.

Taker Fee: 0.1% - This fee is charged when you place an order that gets immediately matched with an existing order on the market.

Deposit and Withdrawal

CoinMetro provides a range of deposit and withdrawal methods. For deposits, options include bank transfers (SEPA, SWIFT), ACH and wire transfers (USD), Faster Payments (GBP), SWIFT (AUD), and credit/debit cards (EU and non-EU), with fees ranging from 1 EUR to 4.99%. Cryptocurrency deposits are fee-free. Withdrawal methods are similar, with options for bank transfers and cryptocurrency withdrawals, subject to a 0.15% fee, except for specific exceptions.

Educational Resources

CoinMetro provides a comprehensive educational resource called the “Content Hub” on their official website at https://coinmetro.com/content-hub. This hub offers a variety of educational materials aimed at helping users stay informed and learn more about cryptocurrency trading, investing, and related topics. It includes news articles, a “Learning Lab” with valuable insights, and access to a “Demo Platform” where users can practice trading in a simulated environment.

Customer Support

Coinmetro provides various ways to reach their customer support:

• Help Center: Access articles covering topics from the bottom of any page (excluding Exchange, Margin, Copy Trading) under 'Help Center' for self-help.

• 24/7 Live Support: Reach support anytime through:

• Desktop: Click purple chat icon (logged in/out) or profile > “Support & FAQ.”

• Mobile App: Tap “More,” then “Support center.”

• Coinmetro offers flexible support for quick solutions and real-time assistance.

• Email: hello@coinmetro.com;

• Twitter: https://twitter.com/coinmetro ;

• Facebook: https://www.facebook.com/CoinMetro/ .

Compare with Other Exchanges

Is CoinMetro a Good Exchange for You？

CoinMetro is one of the best exchanges for educational content. It offers comprehensive assistance and learning resources to both novice and experienced traders. This aspect sets CoinMetro apart from many other exchanges, making it a beneficial platform for those keen to learn while they trade.

CoinMetro can be a fitting platform for various types of users:

• Novice Traders: CoinMetro's user-friendly interface and educational resources make it an excellent platform for individuals new to cryptocurrency trading.

• Experienced Traders: With over 50 cryptocurrencies for trading and investing, CoinMetro provides a diversified portfolio for seasoned traders looking for a variety of investment options.

• Tech-Savvy Individuals: Given the nature of cryptocurrency, CoinMetro may appeal to tech-savvy users comfortable with digital platforms and interested in modern forms of investment.

• Investors: Individuals looking for new investment opportunities might find CoinMetro appealing due to its rich selection of cryptocurrencies.

• Risk-Tolerant Users: Due to CoinMetro operating within a regulatory grey area, it might suit those comfortable taking calculated risks within their investment strategies. Please note that this should be considered seriously, and due diligence should be performed before starting to trade.

Conclusion

In conclusion, CoinMetro, with its selection of more than 50 cryptocurrencies and an impressive trading volume surpassing $100 million, can be an attractive platform for users. It boasts competitive fees and extensive customer support options, augmenting its value for its user base. CoinMetro also promotes user education through its dedicated resources. However, users should exercise caution due to the lack of regulatory oversight, which could imply security and user protection concerns.

FAQs

Q: Is CoinMetro a regulated cryptocurrency exchange？

A: No, CoinMetro operates without regulatory oversight.

Q: What are CoinMetro's trading fees？

A: CoinMetro charges a 0.1% fee for takers and offers 0% fees for makers.

Q: Does CoinMetro offer customer support？

A: Yes, CoinMetro provides customer support through email, live chat, and phone channels.

Q: Are there withdrawal fees on CoinMetro？

A: Yes, CoinMetro imposes a 0.15% withdrawal fee on most cryptocurrencies, except for a few exceptions like KDA, FLUX, HTR, and THT.

Customer Reviews

“Great exchange, good customer support.” by John Doe, 2023-07-25:

I've been using CoinMetro for a few months now and I've been really happy with it. The exchange is easy to use and the customer support is great. I had a problem with my account one time and they were able to fix it right away. I would definitely recommend CoinMetro to anyone looking for a crypto exchange.

“Very secure exchange.” by Jane Doe, 2023-06-15:

I've been using CoinMetro for a while now and I've been very impressed with the security of the exchange. They have a lot of features in place to protect your funds, such as two-factor authentication and cold storage. I feel very confident that my money is safe on CoinMetro.

“Great selection of coins.” by Bill Smith, 2023-05-08:

I've been looking for an exchange with a good selection of altcoins and CoinMetro has it. They have a lot of the smaller coins that I'm interested in trading. The fees are also very reasonable. I would definitely recommend CoinMetro to anyone looking for a crypto exchange with a good selection of altcoins.

Risk Warning

There are inherent security risks associated with investing in cryptocurrency exchanges. It is important to understand these risks before making such investments. Cryptocurrency exchanges are vulnerable to hacking, fraud, and technical glitches, which can lead to the loss of funds.

It is recommended to choose a reputable and regulated exchange, keep abreast of security measures, and be vigilant in detecting and reporting any suspicious activity. Please ensure that you understand the risks involved and note that the information contained in this article is for general information only.