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Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick

Coinmate.io: New Bitcoin Exchange Launches in Europe

Drew Cordell
by Drew Cordell
8 years ago
·
Posted in Bitcoin, Bitcoin Businesses, Bitcoin Exchange, Bitcoin Investment, Bitcoin Service, Companies, Markets and Prices, News, News teaser, Press releases, Start-Ups, Trending
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Coinmate.io, a new UK-registered bitcoin exchange has just launched. Coinmate.io features USD/bitcoin trading, 0.2% trading fees, and free deposits and withdrawals for Euros, Czech Koruna, and the Polish Zloty. Launched on April 15th, Coinmate.io aims to provide a quality exchange service for Europe and the rest of the world. Coinmate.io is equipped with multiple layers of security to protect users.

Also read: Interpol Creates its Own Cryptocurrency to Fight Virtual Currency Crime

Disclaimer: The author has no affiliation with Coinmate.io.

Regulated Exchange for Europe

CoinmateScreenshotUsers on Coinmate.io can quickly trade bitcoin with instant orders or set their market prices to speculate on bitcoin price. The exchange can be accessed through the API, allowing advanced traders to build trade-bots. User verification is completed within one business day, requiring photo ID and proof of address for individuals. Companies seeking to create accounts will need additional verification. Coinmate.io does not provide services to US citizens.

European users in the 34 SEPA countries can deposit Euros in as little as one business day. Once deposited, Euros are converted into dollars. Coinmate.io processes withdrawals twice a day for increased security. Coinmate also claims to practice the best security procedures from the financial industry, providing bank grade security SSL encryption and 2-Factor-Authentication on important actions. The company also claims to hold over 95% of funds in cold storage in multi-sig wallets.

“We have a long experience with financial management and IS/IT development. Security is a top priority for us,” said Roman Valihrach, CEO of Confirmo. “Our sister platform BitcoinPay.com came second last year in the 2014 Starcube.cz Accelerator Program, and with that experience, we set out to make a truly user-friendly exchange for Bitcoin fans across Europe and beyond.”

Coinmate.io seeks to provide users a great option for their bitcoin trading needs. Access to the site’s API makes Coinmate.io an attractive option for experienced  traders. While US citizens cannot access the service, Coinmate.io fills some of the voids in terms of bitcoin trading for European users. Users that verify an account through the end of May will receive a $1 bonus. According to the developers, it took over two years to complete the Coinmate.io project.

What do you think about Coinmate.io? Comment below!


Images via Coinmate.io.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Drew Cordell

Drew Cordell

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Drew is an undergraduate student at the University of Texas at Dallas, majoring in Business. He is an active member of the Cryptocurrency community, and enjoys collecting, trading, and writing about various coins. Outside of the digital currency world, Drew tends to spend his time with friends, playing video games, or studying. Feel free to email him with news tips or questions at drewcordell9@gmail.com

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