In this review, we look at whether Coinmerce is good at what they promise and whether they are a good choice for those who want to start trading cryptocurrencies.
Table of Contents
What is Coinmerce?
Coinmerce is a Dutch exchange that specializes in trading cryptocurrencies. Coinmerce’s goal is to make investing and trading coins accessible to everyone.
They offer a wide range of coins, built-in crypto trading bots and crypto staking options. Coinmerce is available in many European countries, including the Netherlands and Belgium.
Is Coinmerce reliable & Trustworthy?
Coinmerce is a Dutch crypto broker that is one of the first crypto brokers with a registration with De Nederlandsche Bank (DNB), and is thus complying with money laundering and terrorist financing laws and regulations.
To protect the platform and its users, Coinmerce takes good security measures. For example, users’ crypto coins are kept in “cold storage” so they cannot be easily stolen. Coinmerce users can also add a variety of security measures to further protect their accounts.
What cryptocurrencies are available on Coinmerce?
Coinmerce offers a wide range of cryptocurrencies, with more than 200 different coins available on their platform.
In addition to the well-known coins such as Bitcoin, Ethereum and Ripple, they also offer a number of smaller coins. For example, you can also visit their platform for lesser known coins such as IOTA, Curve, Convex. This makes Coinmerce an interesting choice for investors looking for a wide range of crypto coins. Moreover, you can take advantage of their built-in crypto trading bots and crypto strike options to generate passive income with purchased cryptocurrencies.
The full overview of coins available on Coinmerce can be found on their website, under the heading “Coinmerce coins.” This overview can be useful if you are looking for specific coins to invest in.
What are the payment options on Coinmerce?
At Coinmerce, there are nine ways to pay with fiat, including: iDeal, Sofort, Sepa.
What are the fees for fiat purchases on Coinmerce?
- Bank transfer – 0% fee
- IDEAL – € 0,30 fee
- Bancontact – €0,40 + 1,75% fee
- Sofort – €0.35 + 2.50% fee
- MyBank – €0.30 + 1.75% fee
- Visa – 3.50% fee
- Mastercard – 3.50% fee
- EPS – €0.30 + 1.75% fee
- Zimpler – €1,50 fee
What are the fees for crypto purchases on Coinmerce?
The fees at Coinmerce are unfortunately quite high and the fees at this broker are unfortunately high compared to other Dutch brokers. The fee for purchasing crypto is between 0.4 and 2.5%, but can sometimes be even higher. This, of course, is not ideal for Coinmerce customers.
This is because Coinmerce uses several external exchanges and transactions are made on the exchange where it is cheapest at the time. Moreover, the external exchange also charges transaction fees to Coinmerce, making this broker more expensive than brokers with their own exchange or bourse.
What are the pros and cons of Coinmerce?
Every broker has advantages and disadvantages. Broker Coinmerce has more pros than cons:
A fully Dutch website and 24/7 support in English and Dutch
A mobile app (iOS and Android)
+200 different crypto currencies
Easy and costless deposits with iDEAL, SEPA
Built-in wallets for all currencies
Trading features such as stop loss and limit orders
Easy to use interface
Suitable for both novice and experienced crypto investors
- Transaction fees are quite high
- Fees are flexible rather than fixed