Coinmerce Review 2024

Our veredict

Coinmerce stands out as a Dutch-based cryptocurrency exchange offering a user-friendly experience with support for over 200 cryptocurrencies. Its platform is accessible via both desktop and mobile apps, allowing users to trade on the go. The verification process is straightforward, ensuring compliance with European regulations and enhancing security. Coinmerce’s fee structure is relatively competitive, with trading fees around 1.57% and various payment options like SEPA, iDEAL, and credit cards, though some deposit methods incur additional costs. Despite its ease of use, Coinmerce primarily serves European users and excludes US investors due to regulatory constraints.

While Coinmerce is excellent for beginners due to its simplicity and extensive support for different payment methods, more experienced traders might find its trading features limited. The platform does not support advanced trading options, which may be a drawback for those seeking a more robust trading experience. Additionally, while the mobile app provides substantial functionality, some features like bots and the exchange option are unavailable, potentially limiting more active traders.

Pros

Wide Variety of Cryptocurrencies: Coinmerce supports over 200 different cryptocurrencies, ensuring users have a broad range of options to choose from when trading.
Competitive Trading Fees: The platform offers competitive trading fees, making it a cost-effective choice for users. Fees are generally lower compared to many other exchanges.
User-Friendly Mobile App: The Coinmerce mobile app is designed for ease of use, allowing users to buy and sell cryptocurrencies with just a few clicks. This makes it highly accessible for traders on the go.

Cons

Limited Advanced Trading Features: Coinmerce lacks advanced trading features that more experienced traders might seek, such as margin trading or extensive charting tools.
High Fees for Some Payment Methods: While Coinmerce offers multiple payment methods, some of them incur high fees, particularly credit card transactions and certain instant bank payments.

Threenvest Score

Fees

0.10% (Maker), 0.10% (Taker)

U.S Legal

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Why choose Coinmerce?

Coinmerce is an excellent choice for cryptocurrency traders, particularly those based in Europe, due to its comprehensive and user-friendly platform. With support for over 200 cryptocurrencies, it offers a wide range of options for both novice and experienced traders. The platform’s ease of use, highlighted by its three-click purchase process and accessible mobile app, ensures that even beginners can start trading quickly and efficiently. The app’s availability on both iOS and Android enhances its accessibility, making it easy to trade on the go.

Security is a critical aspect of Coinmerce, which employs industry-standard practices such as two-factor authentication (2FA) and biometric verification. The platform complies with European regulations, ensuring a high level of trust and reliability for its users. Additionally, Coinmerce’s competitive trading fees and extensive payment options, including SEPA, iDEAL, and credit cards, make it a cost-effective choice for European traders. The platform’s responsive customer support further adds to its appeal, offering timely assistance through live chat and email.

For those looking to earn passive income, Coinmerce provides staking options for various cryptocurrencies like Cardano, Polkadot, and Solana. This feature allows users to grow their holdings with minimal effort. Furthermore, the straightforward verification process, which can be completed in minutes, ensures that new users can start trading quickly and securely. Overall, Coinmerce combines simplicity, security, and a wide range of features, making it a top choice for cryptocurrency trading in Europe.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert in cryptocurrency trading platforms, I find Coinmerce to be an excellent choice, especially for European users. The platform’s extensive support for over 200 cryptocurrencies, coupled with its user-friendly mobile app, makes it ideal for both beginners and experienced traders. The competitive fees and variety of payment methods, including SEPA and iDEAL, add to its convenience. Additionally, Coinmerce’s strong security measures, such as 2FA and biometric verification, ensure that your assets are well-protected. Overall, Coinmerce offers a secure, versatile, and accessible trading experience.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.