Currently, the crypto market place is filled with many different options to exchange digital assets. Choosing the right exchange can therefore be a challenge. CoinMetro is a great option for your trading needs. It’s safe, regulated and is on a growth curve to becoming one of the go-to exchanges for all traders. This CoinMetro beginner’s guide will outline why this exchange is one that you really need to visit.
CoinMetro – why it’s different
One of the most significant features of CoinMetro is that every trader is catered for. Whether you’re a beginner or pro, the platform will suit your needs. How’s this achieved?
The exchange is differentiated into three areas depending on how much information you need. Let’s take a deeper look how this works.
An exchange for all needs
For beginner traders, CoinMetro has a simple dashboard. This makes the process of buying and selling your favourite crypto super easy. For example, crypto can be bought and sold in three easy steps!
- Select the currency you want to buy
- Select the currency you want to pay with
- Check and confirm the transaction… that’s it!
Here’s the user interface (UI) below:
If you’re a new trader and keen to jump in sign up here. If not, read on for more for the full review.
The intermediate trader
Need more detail for your trades? Then CoinMetro have you covered. The intermediate platform is slick, razor-sharp and packed full of information that you’ll need. Check out the UI below:
The pro trader
Professional trader? CoinMetro has you covered too. Advanced charting, analytics and investment tools are at your disposal through the pro trader dashboard.
It’s a great question? With so much competition, why does this one deserve your attention? After using the service, I’d say there are 3 key reasons.
Gone are the days where support tickets can sit idly on an exchange’s systems while you get increasingly frustrated that your digital assets are lost in cyberspace. CoinMetro support service, as we have tested over a number of months, is second to none. They have full support in English, Spanish, French and Russian. All of our issues were responded to in under 5 minutes (now that’s some customer service!)
Someone famous once said that a good reputation takes years to create and only a few seconds to destroy. CoinMetro are positioning themselves to be number one provider of an outstanding customer experience from buying an asset to trading and selling it.
This is the type of service that the crypto space needs.
In the crypto industry, bad actors with limited regard for regulation are being rooted out. This will continue to increase as compliance becomes increasingly important. Why should we care? The huge danger is that if the crypto exchange, where we store our funds, goes into liquidation, then we lose all of our assets and gains we’ve accrued.
That’s why we need exchanges like CoinMetro:
We are not a crypto company, we are a traditional financial institution that understands the complexities and benefits of blockchain and crypto. We are actively working with regulators in a number of jurisdictions to further improve the industry’s regulatory framework.
In this regard, you are taking the best bet to make sure that you safeguard yourself against the pitfalls that have beset other exchanges.
With the safety of CoinMetro, there’s a responsibility from the user in relation to meeting the requirement for personal verfiication. The Know Your Customer (KYC) procedures are robust. I never had an issue due to having access to plenty of personal documents to verify my identity. If KYC procedures are something that you struggle with, then CoinMetro may not be the best platform for you.
From the top to the bottom, CoinMetro is awesome. The guy leading the show (Kevin Murcko) really knows his potatoes.
You really get a sense that this guy doesn’t just see the surface of the pond, but right down the bottom and back up. I really think he can deliver something special. Here’s the background on Kevin Murcko, CEO.
A Crypto Enthusiast before the term was even a “thing”, Kevin brought transparency to Forex via his unique FXPIG brand and he continually pushes to close the profit gap between institutional and retail traders. FXPIG is not the largest FX broker, but that is by design based on his vision. It was created to change the industry, and it did just that. FXPIG brought transparency to the forefront and it started a growing trend of client-centric shops that actually focus on their client’s profitability rather than their losses. While FXPIG is still very unique in the FX space, it is proud to see the change it helped foster as it pushes through the industry. Kevin has always been a supporter of in-house tech development and FXPIG remains one of the few companies in FX to develop and trade on their own technology. This mantra is at the core of the CoinMetro philosophy as well. With his sights now set on blockchain, Kevin is ready to guide CoinMetro down a similar path; one that will eventually change the way this market operates.
The community, over on Telegram, are backing Kevin big time. There’s a real unique vibe over on Telegram and within the CoinMetro community. It’s like a beating drum and the tempo is speeding up.
Beyond the compliance…the support…the range of trading tools… it’s the community which is one of the most exciting aspects of CoinMetro.
It’s like an early Binance flavour, but with a greater compliance to the changing landscape of FinTech.
CoinMetro’s fee structure
Cryptocurrency margin trading with CoinMetro
In June 2019, CoinMetro rolled out margin trading on the platform. If you’re not a professional trader, margin trading is trading on account using ‘leverage’ from a brokerage company or a crypto exchange. These funds are used to amplify your position and make bigger gains.
For example, if we had an open position at 2X leverage with $100 of your own money, we would also trade with another $100 from a “lender” off the platform totalling $200.
Using margin trading can lead to impressive gains however, it should be noted that losses can also be amplified by the same measure.
If you want to dig deeper into cryptocurrency margin trading click here What is crypto margin trading?
I personally have used margin trading on CoinMetro as this is something I have used to good effect on the NASDAQ100. If you approach it sensibly, it’s a great tool.
CoinMetro beginner’s guide – wrapped up
It doesn’t stop there; CoinMetro has several development features in the pipeline: Electronically Traded Crypto Funds (ETCF’s), margin lending and Tokenised Asset Management (TAM). This one’s here to stay. Keep checking back on this post and we’ll continue to keep you updated how the exchange is evolving. We hope you’ve enjoyed our CoinMetro beginner’s guide. If you’d like to get involved, then feel free to check it out here.