Coinmetro

Coinmetro Review

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.

US-investors

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.

Mobile Support

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.

Leveraged Trading

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 Fees

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.

Deposit Methods

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.

Deposit EUR

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%.

Deposit USD

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.

Deposit GBP

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.

Crypto Deposit

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.

FAQ

Why are Coinmetro services currently paused?

Since June 22nd, Coinmetro has paused new customer onboarding, as well as deposits, withdrawals, and trading. This decision was made following an issue involving one of our financial service providers along with a requirement to terminate the provision of crypto-asset services under the current license from July 1st, 2026, at a time when the new license under MiCA (Markets in Crypto-Assets) Regulation has not yet been secured. To protect their customers and ensure an orderly process, Coinmetro is proactively suspending these services.

Is Coinmetro facing insolvency?

Coinmetro is filing for reorganization in Estonia, where it is registered. Reorganization is a process comparable to Chapter 11 in the United States. This is a legal framework designed to help companies stabilize operations and restructure obligations in an organized way and under the court’s supervision.

What is reorganization, and what does it mean for customers?

Reorganization is a formal, court-supervised legal process. It exists specifically to protect the interests of everyone who has claims in the company that launches reorganization. Rather than an immediate shutdown where assets are liquidated at whatever price the market gives on a given day, reorganization gives the company structured time to work through its obligations fairly, with every customer treated equally, providing an option for maximum recovery.

For you practically, it means your balance is recognized as a legal claim. You will have a voice in the process. Creditors (legal terminology for you in the reorganization process) vote on the reorganization plan before the court approves it. You will receive clear information about your options, and nothing will be decided without your participation.

Will I be able to access my funds?

Your balance is recorded and recognized. It forms part of the formal reorganization process, which exists specifically to address obligations to customers in a fair and structured way under court supervision.

The timeline and repayment schedule will be established through the reorganization plan. Under Estonian law, that plan must be approved by creditors and submitted to the court within approximately 100 days of Coinmetro's application being accepted. Coinmetro is working toward that deadline with urgency.

What about my pending withdrawal?

All customer balances — including withdrawals that were pending when services were paused — will be handled as part of the reorganization process.

Can I make new deposits?

No. Deposits are currently disabled.

When will withdrawals resume?

The timeline for resuming withdrawals will be established through the reorganization plan, which is currently being prepared and will be subject to creditor approval and court confirmation. Once the plan is in place, it will set out a clear schedule for how and when customer funds will be returned.

Coinmetro will share updates as each milestone in this process is reached.

What caused this situation?

The core issue was the failure of an external counterparty, a liquidity provider that Coinmetro had contracted with. Under the arrangement between the parties, Coinmetro was required to provide collateral to be held by the counterparty.

Over time, it became clear that this counterparty was not going to return those funds. This occurred at a time when crypto industry regulation did not yet require counterparties to segregate client assets or meet capital standards – protections that have recently been introduced under the MiCA framework in the European Union. Coinmetro was not alone in being exposed to this type of risk during that period.

Rather than passing the impact to customers immediately, the company made the decision to absorb it using its own retained earnings and ongoing revenues to continue honoring withdrawals while working toward a resolution. That approach worked until the combination of market changes and the arrival of the MiCA transition deadline made formal restructuring necessary.

Was there a hack or cyber incident?

No. There were no cyber incidents involved. The situation relates to operational and third-party service provider challenges.

Are you working with regulators?

Yes. Coinmetro has informed and is working with Estonian authorities (Financial Supervision Authority and Financial Intelligence Unit), as well as with the Malta Financial Services Authority (MFSA), where a MiCA license application is under review.

Does this affect your MiCA license in Malta?

The reorganization relates to current obligations and does not automatically determine the outcome of the MiCA application. We remain in communication with the MFSA.

Will Coinmetro continue operating?

Services are currently paused as part of the reorganization process, which is necessary to ensure all customers are treated equally during this period. This pause is not a shutdown; the reorganization process is specifically designed to allow the company to restructure its obligations while preserving its ability to operate.

Continued operation is the mechanism through which a recovery would become possible. A functioning business generates the revenue and royalties that fund repayments. The reorganization plan is structured around this objective, and the court supervision that comes with it is precisely what protects customers while that process unfolds.

How many customers are affected?

Further details will be available as part of the formal reorganization process.

Where can I get updates?

Coinmetro is committed to keeping you informed. Please monitor incoming Coinmetro emails, Coinmetro Telegram Group, and Coinmetro official communication channels. Kevin Murcko, Founder and CEO, will hold additional Ask-Me-Anything (AMA) sessions as new information becomes available