Dear Coinmate fans, we are happy to see you back with our basic how-to series. Last time we described how to get verified, hope it helped. But you must be eager to buy your first cryptocurrency now, and we would also like to give you
You are going to exchange funds on Coinmate, therefore it is necessary to have some positive balance to do the actual exchange with. Depending on the amount needed, you have to transfer FIAT currency here. We offer various ways of doing so, you can use Sofort, credit card, International or SEPA payments to fund your Coinmate balance.
The amount of money that could be transferred
Please be careful to copy all the information precisely and to input the payment reference, that is the main part used to recognize the payment. Also, please note that it is not possible to deposit or withdraw from other than your accounts, such payments has to be returned right away.
Trade is a standard exchange service, where you state your price for which you want to buy your desired amount of crypto. Once the market meets your offer, it is traded and desired coins
If you do not want to wait and need to buy fast, the Quick Buy function offers exactly that. You just state the amount of FIAT you want to spend, and the function picks all the orders with the closest exchange rate, combines them and buys the crypto for you.
And here we are, congratulations, you have your first crypto, we are going to look more into depositing and withdrawing to and from Coinmate and also into trading of course, in next articles to come. So please, bear with us. We are happy to have you here.