What is Coinmetro?
Coinmetro is a cryptocurrency exchange based in Estonia that has been active since 2018.
It has a really modern design on their website. A lot of clean and stylish graphic stuff that really appeals to our eyes. They also have a strong support function with 24/7 availability and an average customer waiting time of less than 5 minutes.
Coinmetro Affiliate Program
Coinmetro also has an affiliate program. Simply share your link with your referrals, have them sign up using your link, and then sit back and enjoy while you get 40% of all trading fees generated by your referrals.
Furthermore, many exchanges only allow affiliate commission for the first 12 months (or sometimes an even shorter period of time) of a referral's activity on the platform. But not Coinmetro. Here, your potential affiliate commission is for life.
You can sign up to the Coinmetro affiliate program by creating an account here.
Coinmetro Trading Volume
Trading volume is important to all prospective crypto traders, as it is absolutely crucial in your choice of trading platform. If the trading volume is low, then it is more likely that you will be unable to buy or sell crypto to a reasonable price, as the order book is likely thin.
On the date of last updating this review (18 January 2023), Coinmetros 24 hour spot trading volume was only USD 687,000 according to Coinmarketcap. This is a very low trading volume, and something that new traders will need to keep in mind. We hope for Coinmetro's sake that this trading volume improves.
According to information we have received directly from the exchange, US-investors are indeed permitted to trade here. They can deposit and withdraw USD and trade with 14 USD pairs.
Do you trade on your desktop, or on your phone? There are pros and cons with both alternatives. The computer has a bigger screen, and on bigger screens, more of the crucial information that most traders base their trading decisions on can be viewed at the same time. The trading chart will also be easier to display. But do you really need all that? Opinions differ, and the mobile traders will surely be glad to hear that Coinmetro's trading platform is also available as an app for iPhone and Android users.
Coinmetro Trading View
Every trading platform has a trading view. The trading view is the part of the exchange’s website where you can see the price chart of a certain cryptocurrency and what its current price is. There are normally also buy and sell boxes, where you can place orders with respect to the relevant crypto, and, at most platforms, you will also be able to see the order history (i.e., previous transactions involving the relevant crypto). Everything in the same view on your desktop. There are of course also variations to what we have now described. This is the trading view at Coinmetro:
It is up to you – and only you – to decide if the above trading view is suitable to you. Finally, there are usually many different ways in which you can change the settings to tailor the trading view after your very own preferences.
Coinmetro also offers leveraged trading to its users. A word of caution might be useful for someone contemplating leveraged trading. Leveraged trading can lead to massive returns but – on the contrary – also to equally massive losses.
Coinmetro currently offers up to 5:1 leverage. This means if you have $100, you can multiply both the profits AND losses as if you were trading with $500. Margin trading requires collateral. Traders can use BTC, ETH, EUR, and/or USD as collateral to open leveraged positions.
Fiat Gateways: Trading Pairs
Coinmetro is offering all the major fiat currencies covered in order to achieve quick & easy fiat transfers. You can deposit and withdraw USD, EUR and GBP and trade in a lot of different fiat trading pairs.
EUR Trading Pairs: BAT, BTC, BCH, LINK, XCM, ENJ, ETH, KDA, LTC, XLM, OCEAN, OMG, PRQ, QNT, XRP, XTZ, FLUX, HTR and USDC.
USD Trading Pairs: BTC, BCH, LINK, XCM, DNA, ETH, KDA, LTC, OCEAN, QNT, XRP, FLUX and VXV.
GBP Trading Pairs: BTC, ETH, and XRP.
Coinmetro Trading fees
Trading fees are naturally very important. Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. At this exchange, they divide between takers and makers. Takers are the one who “take” an existing order from the order book.
Coinmetro charges takers 0.10%. However, there is another finesse to Coinmetro’s fees, namely that the makers don't have to pay any trading fees at all (0.00%). This is very competitive indeed.
Coinmetro Withdrawal fees
This exchange has a percentage based withdrawal fee, meaning that they charge you a percentage of the withdrawn amount when you withdraw. Their percentage charged is 0.15%.
Having a percentage based withdrawal fee model is unusual, but it is not unheard of. Most exchanges only have a fixed withdrawal fee, regardless of the size of the withdrawn amount.
With the fee model that this exchange has, when you withdraw small amounts, it is beneficial to you. If you withdraw 0.01 BTC, the withdrawal fee becomes 0.000015 BTC (extremely low and very consumer-friendly). However, if you withdraw 10 BTC, the withdrawal fee becomes 0.015 BTC (extremely high). You should consider yourself whether this withdrawal fee suits your own trading or not.
Coinmetro lets you deposit assets to the exchange in many different ways, through wire transfer, debit card, SEPA transfer, UK faster payment, Instant ACH and of course also by just depositing existing cryptocurrency assets. Seeing as fiat currency deposits are possible at this trading platform, Coinmetro qualifies as an “entry-level exchange”, making it possible for new cryptocurrency investors to take their first steps into the cryptocurrency world here.
You can deposit and withdraw euros with SEPA Instant Payments. You will pay €1 per transaction for any amount. SWIFT payments are another easy way to deposit euros. Another option is using a EUR denominated credit card for a fee of 2.99%.
You can deposit USD with ACH payments. Additionally, same-day domestic wire transfers are made possible through Coinmetro’s banking partners in the US. You can have the option of depositing via American credit cards. The money will arrive to your Coinmetro account as EUR or GBP with a 4.99% fee.
The UK & GBP are also covered at Coinmetro. Coinmetro provides UK Faster Payments which are nearly instant. These quick transfers also have a fee of £1 for any amount. Another option is using a GBP denominated credit card with a 4.99% flat fee.
You can deposit in BAT, BTC, BCH, LINK, XCM, ENJ, ETH, KDA, LTC, XLM, OCEAN, OMG, PRQ, PRQB, QNT, XRP, XTZ, FLUX, HTR and USDC.
Are Coinmetro's fees high?
Coinmetro's fees are not high. For spot trading, takers have to pay 0.10% per order, but makers don't have to pay anything at all (0.00%). These fees are very consumer-friendly.
What is the minimum deposit on Coinmetro?
To our knowledge, Coinmetro has no minimum deposit requirements.
How long is the withdrawal time at Coinmetro?
According to the exchange, crypto withdrawals take between 1 minute - 50 minutes, dependent upon which crypto you wish to withdraw. For instance, withdrawals of XRP, ALGO and others are "near instant", whereas withdrawals of BCH take around 50 minutes.
Has Coinmetro ever been hacked?
Yes, Coinmetro was hacked in October 2020.
Is Coinmetro secure?
While Coinmetro has been hacked (in October 2020), we still believe that it today is a secure platform.
Where is Coinmetro based?
Coinmetro is based in Estonia.
Which countries are restricted from using Coinmetro?
We have not been able to find any information on the countries from which users are restricted from using Coinmetro. If we were to guess which countries that are disallowed, it would be "usual suspects", i.e. Afghanistan, Burundi, Central African Republic, Congo, Mainland China, Cuba, Ethiopia, Guinea, Guinea-Bissau, Iraq, Iran, Lebanon, Libya, orth Korea, Sevastopol, Sudan, Somalia, South Sudan, Syrian Arab Republic, Tunisia, Trinidad and Tobago, Uganda, Venezuela, Yemen, Zimbabwe, Cuba, and Russian-controlled regions of Ukraine (including the Crimea, Donetsk, and Luhansk regions).