Coinmetro Review

Screenshots

Updated: Apr 6, 2022

[Coming Soon]

What We Found

Coinmetro supports 4 fiat currencies which are USD, AUD, GBP and EUR. However, it's not free. The fees can range up to $50/ €50 to deposit and withdraw which is very expensive. For crypto withdrawals, there is a fixed 0.15% fee and for ERC-20 tokens it's 0.15% + network fees.

Platform & Features

Updated: Apr 6, 2022

List of Features:

• iOS, Android and Web app
• 30+ Cryptocurrencies & 4 Fiat Currencies
• Swap (Quick Buy/Sells)
• Exchange (Advanced Trading)
• Spot Trading & Margin Trading
• Copy Trading
• Staking
• Securities
• XCM (native utility token)
• Referral Program
• 24/7 Customer Support
• And More

1. iOS, Android and Web App

CoinMetro is available on iOS, Google Play and your web browser. The interface is easy to navigate while still offering both basic and advanced features. 

2. 30+ Cryptocurrencies

1. Bitcoin
2. Ethereum
3. 1Inch
4. AAVE Protocol
5. Band Protocol
6. Basic Attention Token
7. Bitcoin Cash
8. Chainlink
9. Coinmetro Token
10. EnjinCoin
11. Flux Network
12. Hathor Network
13. Kadena
14. Litecoin
15. Stellar Lumens
16. Mirror Protocol
17. Ocean Protocol
18. OmiseGO
19. Parisq
20. Parisq Boost
21. Quant
22. Ripple
23. SushiSwap
24. Syntetix
25. Terra
26. TerraUSD
27. Tezos
28. ThoughtAI
29. USD Coin
30. Uniswap
31. And more

3. Dashboard Swap

The easiest way to buy, sell and trade crypto is using the "Swap" feature in the main dashboard. It lets you quickly and easily convert any fiat/crypto or crypto/crypto pair. Keep in mind, this has high trading fees of 1.25%.

4. Exchange (Advanced Trading)

More experienced traders can use the “Exchange” section. This offers limit orders, market orders, Trading View charts, technical analysis tools and other data.

5. Margin Trading

6. Copy Trading (TraM)

Copy trading lets you mirror skilled traders and make the same moves as them. You can choose which manager you wish to mirror and withdraw your funds at any time. Performance fees range from 5%-25%. Learn more here. 

7. Staking

CoinMetro lets you earn passive income for staking supported cryptocurrencies on flexible or locked terms. At the time of this writing they offer staking for XCM, FLUX, KDA, THT and VSP.

Other crypto exchanges that offer staking and rewards include Kraken, Crypto.com, Binance, Huobi Global and more. You can compare coins and yields to find the best rates.

8. Securities

CoinMetro “Securities” section is a marketplace to invest in STOs and digital securities. 

9. XCM (Utility Token)

The Coinmetro Token (XCM) is Coinmetro's native utility token. It's tied to all of the platforms transactions and has multiple use cases such as staking and more.

10. Referral Program

Other

• API Keys Management
• Bug Bounty Program
• Demo Platform (test Coinmetro with virtual money)

Security

Updated: Apr 5, 2022

Has CoinMetro Been Hacked?

Yes, CoinMetro was hacked in 2020, and a small amount of funds were stolen. Fortunately, their security system detected the breach and took action within seven minutes. A quick response enabled them to mitigate the risk, so the hacker only left with about $6500 instead of $500,000. Learn more here.

Company Security Features

• 98% of digital assets are held in offline storage via BitGo
• Registered with AUSTRAC in Australia and FinCen in the USA
• Licensed and regulated EU business
• Bug bounty program where white-hat hackers can get paid to find bugs and vulnerabilities
• Learn more about their security protocols here

User Security Features

• 2 Factor Authentication for signing in, updating passwords, approving transactions
• IP Verification (manage and authorize IP addresses that can login to your account)
• View Login History (recent logins, IP addresses, devices, etc)
• Force Logout All Sessions or Devices

Can You Trust Them?

CoinMetro appears to be a safe cryptocurrency exchange. They're licensed in multiple countries, offer 2FA, store 98% of digital assets in cold storage, and have various other security features.

⚠️ Although this platform is safe, over 50% of platforms we tested have had hacks or incidents in the past. We strongly recommend storing and protecting your crypto on a non-custodial wallet where you own the private keys. Preferably, a reputable hardware wallet like the Ledger Nano X.

Customer Support

Updated: Apr 5, 2022

CoinMetro offers a 24/7 customer support team that can be reached via email or live chat on their website or app. According to their website, they usually respond within 5 minutes. Additionally, they have a good help desk with articles and FAQs.