Coinmerce Review
Coinmerce is a Dutch crypto exchange that mainly focuses on user-friendliness. It operates throughout Europe, welcomes all experience levels, and offers over 200 cryptocurrencies.
About Coinmerce
Coinmerce is a Dutch crypto exchange that has been active in the market since the bull run in 2017. The main focus is user-friendliness, and the emphasis is placed on you as a customer. The platform is intended for all experience levels and focuses on safety and turning beginners into professionals. With a total supply of 200 cryptocurrencies, it is also possible to earn a passive income by lending them out, staking them or even having them actively traded by trading bots.
”Give your money a future” is the slogan that comes back on the website. With this, they refer to the inflation and declining purchasing power of fiat money, for which the scarcity of bitcoin (BTC) provides protection.
Coinmerce customer experience
The rating of Coinmerce on Trustpilot is 4.4 stars (out of 5) based on 422 reviews. These reviews show that customers experience the exchange positively and are extremely satisfied. A downside, however, is that 422 reviews are relatively few.
Our experience at Coinmerce
A big advantage of Coinmerce is the wide range of different types of cryptocurrencies. It has access to 200 other cryptocurrencies, and this offer only grows. If you are interested in a certain cryptocurrency, you can purchase it on Coinmerce. In addition to trading, which can also be automated, earning an extra return is possible by lending or staking your crypto coins.
A disadvantage of Coinmerce is the relatively high trading fees on the platform. The transaction fee is normally between 0.4 and 2.5% of the transaction. The price can be even higher with cryptocurrencies with a very low volume. Compared to other (Dutch) platforms, you will pay some extra in transaction costs at Coinmerce.
The reliability of Coinmerce also appeals to us. Because Coinmerce is registered with De Nederlandsche Bank, it is subject to Dutch supervision and must comply with strict Dutch laws and regulations. Another contribution to this reliability is Coinmerce’s excellent customer service. This customer service is available 24 hours a day, seven days a week and can answer all your questions in English and Dutch.
Both the website and the app are very easy to operate. As mentioned earlier, the main focus of Coinmerce is user-friendliness. This is certainly very clear on the website and the app. They are both very clear, easy to read and function quickly. It is also very nice that everything is in Dutch. In addition, the mobile app is available for both Android and IOS, which is also a clear plus.
Trading fees at Coinmerce
The topic of trading fees has appeared on this page about Coinmerce. The trading costs are expensive compared to other crypto exchanges. In principle, you pay between 0.4 and 2.5% in trading costs per transaction. If you plan to place trades regularly, you will be a lot cheaper on another platform. You will always be informed about the transaction costs you must pay.
Customer service at Coinmerce
For Coinmerce, the customer’s experience comes first. This is reflected in Coinmerce’s excellent customer service. As mentioned earlier, customer service is available 24 hours a day, seven days a week, for all questions in Dutch and English. What also makes Coinmerce a special party because they have a physical store where you can walk in all week to be helped. The store is located in Amstelveen.
Review Coinmerce app
Through the mobile app, available on both Android and IOS, you can easily buy and sell cryptocurrencies. You can also keep an eye on the prices and your portfolio simply and clearly.
Coinmerce Earn
Coinmerce Earn is a way to earn passive income with crypto coins. However, many risks are involved since Coinmerce lends your crypto coins to third parties who take risks with them. Coinmerce receives an interest/percentage for this, of which you get a part.
Register Coinmerce
Coinmerce’s sign-up process doesn’t amount to much, and that’s how it happened. First, you need to create an account by filling in your details and creating a password.
After opening an account, it is important to review several verifications before buying your first crypto coins. Like any other Dutch exchange, Coinmerce needs to know exactly who they are doing business with.
Coinmerce needs to verify some things like your bank account and your ID during the verification. For example, you will be asked for a selfie with your ID. After this verification, it is only a matter of transferring money, and your crypto adventure can begin.
Is Coinmerce safe?
Coinmerce has been supervised by De Nederlandsche Bank (DNB) since November 2020 and has obtained an official registration here. The Dutch can therefore be sure that Coinmerce is a reliable and regulated crypto exchange that must adhere to strict Dutch legislation.
If you run into problems or have questions, you will be helped quickly by Coinmerce’s customer service. As mentioned earlier, this customer service is available at any time of the week. Over the years, .Coinmerce has built up a good reputation, as the transactions are fast without any problems.
Also, the majority of customers’ funds are stored in cold storage. At the same time, there remains a sufficient supply in hot wallets so that the user can withdraw cryptos at all times. The entire website, app and trading platform are also fully protected with military-grade SSL encryption.
If you are new to crypto, Coinmerce is a very interesting party to trade on. With a physical store, a level of customer service and a well-stocked knowledge base, you can get started safely and well-informed.
Also, with the above critical note in mind, Coinmerce is one of the most professional providers on Dutch soil. Especially novice investors and traders will feel at home at Coinmerce.