Coinmate Crypto Exchange

Established in 2014, Coinmate is a cryptocurrency exchange with headquarters in Prague, Czech Republic. The company was founded by Roman Valihrach and Daniel Houška, who have been involved in the investment and cryptocurrency fields for over a decade. Their journey into the crypto space began in 2013 when they attended a major Bitcoin conference in San Jose, California. This experience led to the creation of Coinmate with the goal of promoting cryptocurrency adoption through a secure and fair exchange. A significant milestone was reached in 2020 when the platform surpassed €1 billion in traded cryptocurrency volume. In 2021, Coinmate secured an investment from the venture capital firm Miton and its subsidiary, Miton C crypto fund, to support further development.

Coinmate operates as a peer-to-peer digital currency and fiat currency exchange platform, serving a global clientele of individuals and companies, with a notable focus on the European market. The platform generates revenue through a maker-taker fee model, where fees vary based on trading volume. For instance, takers are charged 0.35% and makers 0.30% in the lowest trading volume tier. The business model also includes withdrawal fees, which are competitively priced against the industry average. The exchange specifically facilitates trading between cryptocurrencies and fiat currencies like the Euro (EUR) and Czech Koruna (CZK), positioning itself as a key player for Euro-denominated trades. In 2024, the company began a cooperation with Tipsport, a large institutional client, leveraging Coinmate's infrastructure to offer cryptocurrency access to Tipsport's customer base.

The platform offers a proprietary web-based trading system with two distinct interfaces to cater to different user segments. The "Quick Buy/Sell" feature allows for straightforward market orders, designed for users new to cryptocurrency trading. For more experienced traders, the "Advanced Trading" interface provides a more comprehensive experience with TradingView charts, an order book, transaction history, and support for limit and stop-limit orders. Users can trade several major cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple, against EUR and CZK. The platform supports various deposit methods such as SEPA transfers for EUR and the GoPay payment gateway for CZK. A key security feature is the use of Trezor hardware wallets to secure client funds. Coinmate also offers an API for advanced traders who wish to build automated trading bots. Keywords: cryptocurrency exchange, bitcoin trading, ethereum trading, fiat to crypto, EUR crypto trading, CZK crypto trading, peer-to-peer exchange, crypto trading platform, Roman Valihrach, Daniel Houška, Miton, digital currency exchange, crypto custody, crypto payment gateway, spot trading, advanced crypto trading, low fee crypto exchange, SEPA crypto deposit, Prague fintech, European crypto market, crypto for institutions, crypto API