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HomeExchangeCoinmetro Crypto Exchange Review: It Is Good Or Bad?

Coinmetro Crypto Exchange Review: It Is Good Or Bad?

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About Coinmetro Exchange

The CoinMetro Exchange is a specialized platform for exchanging and trading cryptocurrencies with the ability to invest via copying transactions and bonds. Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, and other cryptocurrencies are at your disposal for trading on the exchange. CoinMetro’s forte is its trading terminal with extensive functionality and built-in analytics.

Also, five times leverage is available for margin trading. The crypto exchange operates under the licenses of the Estonian Financial Intelligence Unit (the FIU), license nos. FVR000143 and FRK000121. It is also licensed by the US regulator Financial Crimes Enforcement Network (FinCEN). CoinMetro has one of the lowest trading margins.

Coinmetro Crypto Exchange Basic Points

Exchange NameCrodex Crypto Exchange
Withdraw Fee0.15%
LanguageEnglish
Deposit FeesFree. Small deposit fees apply.
Easy To Use Yes
Taker Fee0.10%
Maker Fee0.0%
Support24/7
Customer Support Available At Ticket & Live Chat
Official SiteHomepage

How To Start ?

How To Sign Up At Coinmetro Exchange?

It Is Very Easy To Sign Up At Coinmetro Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Coinmetro Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Coinmetro Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

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. We can illustrate with a short example:

Ingvar has an order at the platform to buy 1 BTC for USD 10,000. Jeff has a corresponding order but wants to sell 1 BTC for USD 11,000. If Bill comes along, and sells 1 BTC to Ingvar for USD 10,000, he takes away Ingvar’s order from the order book. Bill is here a taker and will be charged the taker fee. If Bill on the other hand would have offered to sell 1 BTC for USD 10,500, he would have placed an order on the order book that did not correspond to an existing order. He would thus have been a maker of liquidity. If someone would have accepted to buy 1 BTC from Bill for USD 10,500, then Bill would have been charged the maker fee (usually a bit lower than the taker fee) and the relevant buyer would have been charged the taker fee.

Coinmetro charges takers 0.10%. These taker fees are below the industry average which is arguably around 0.25%. 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.

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.

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 Security

A few things to consider when determining the security of an exchange is whether it has captcha protection on access, 2FA on the most important operations and email verifications. Coinmetro has all of these things. The 2FA is also TOTP-based which is arguably more secure than SMS-based 2FAs.

Bixer Simond
Bixer Simond
Bixer Is Long Term Writer & Editor At Woodfi . His Hobby Is Writing Article For Wootfi Visitors . His Main Focus Area Is Crypto , Affiliate , Blockchain , NEFT , ICO . In Free Time He Loves To Research New Things
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