Reading: Coinmate.io: New Bitcoin Exchange Launches in Europe

Bitcoin

Coinmate.io: New Bitcoin Exchange Launches in Europe

Drew Cordell | Apr 21, 2015 | 15:00

Bitcoin

Coinmate.io: New Bitcoin Exchange Launches in Europe

Drew Cordell | Apr 21, 2015 | 15:00


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.


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