Coinmerce Review

This review of cryptocurrency broker Coinmerce was created for informational purposes. Going through this review will help you decide if Coinmerce is a broker that fits your needs.

Table of Contents

What is Coinmerce?

Coinmerce is a Dutch cryptocurrency broker and is one of the first in the Netherlands to be added to the crypto register of De Nederlandsche Bank (DNB).

Since November 5, 2020 they have been added to the crypto register of De Nederlandsche Bank (DNB), due to the hard work of the founder Nick Smits van Oyen. 

It is a confirmation for the customers that they can buy, sell and store their crypto at a platform which complies with all laws and regulations.

Coinmerce-Founders
Founders Nick & Luc Smits van Oyen

What cryptocurrencies are available on Coinmerce?

In total, Coinmerce offers support for more than 140 cryptocurrencies, including established and new coins. You buy here not only larger cryptocurrencies like Bitcoin and Ethereum, but also altcoins with lower market capitalizations.

Some of the cryptocurrencies offered on Coinmerce:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Polka Dot (DOT)
  • Ripple (XRP)
  • Cardano (ADA)
  • Chainlink (LINK)
  • Litecoin (LTC)
 

A complete list can be found on Coinmerce’s website.

What are the payment options on Coinmerce?

Depositing money at Coinmerce can be done in a variety of ways, including iDEAL and Bancontact.

What are the fees 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
 

Coinmerce fees are variable and depend on the size of your order, trading volume and transaction costs.

What are the pros and cons of Coinmerce?

Every broker has advantages and disadvantages. Broker Coinmerce has more advantages than disadvantages:

Pros

  • More than 140 cryptocurrencies

  • Registered with the Dutch Central Bank (DNB)

  • Many payment methods (iDEAL, Bancontact and more)

  • Every day support in English and Dutch

  • Stop loss and limit orders

  • Interface is good for beginners and advanced users

Cons

  • Fees increase when trading with small amounts. Nevertheless, Coinmerce is one of the cheapest brokers.
  • Only accessible digitally via chat, email, Facebook and Telegram

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