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Best Coin Exchange » CoinMKT
CoinMKT
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CoinMKT

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    Company name
  • Company: CoinMKT
    Founded: 2013
  • Server location
  • Server Location: US
  • Company's turnover in dollars
  • Turnover: -
  • Mobile version
  • Mobile version: No
  • BTC price
  • Current BTC price: -
  • Available currencies
  • Currencies: USD
  • Withdrawal fee
  • Fee: From 0.25%-0.75%
  • Withdrawal time
  • Time: 2.5 day
  • Application programming interface
  • API: Yes
  • Support via
  • Support: Email

CoinMKT Review

 

The first thing which is not very pleasant is the speed of the interface loading. Fortunately, the design and usability are quite useful and convenient to understand what is trying to tell.

Coin Market is a US-based cryptocurrency exchange. The company called CoinMKT is located in Santa Monica, CA. They state that Coin Market is positioned to be the leading exchange for cryptocurrency in the United States. Their goal is to be the safe, reliable place to buy and sell cryptocurrency that one can trust, and they constantly focus on the best technology, top-notch security, and on-demand support to gain and keep people business.

The company was founded in May 2013. This is not a very long time period to gain enough experience to become the greatest exchange in the world.

Server of the exchange is located in Los Angeles, US.

On their website is written that they make thousands of trades per second. However, CoinMKT does not provide any information about the turnover.

CoinMKT does not have the mobile version of their services. Though, they offer to use a responsive version of their website (it is quite slow on mobile devices or even does not work at all).

The Bitcoin price of this exchange is a little higher compared to other exchanges. However, it is very useful to check prices elsewhere before buying or trading BTC or other cryptocurrency.

CoinMKT accepts only USD from the regular currency. They also accept several cryptocurrencies: Bitcoin, Litecoin, Namecoin, Megacoin, Quark, Feathercoin, Primecoin and Worldcoin. This is a real advantage over other exchanges.

What is more, the fees for transactions are quite low. Maker/Taker – +0.25% rebate for Market Makers, – 0.75% for Market Takers.

If you want to take back your cryptocurrency, it is a good place looking at the time. Time of withdrawal: for cryptocurrency instant, for fiat 2-4 days.

CoinMKT has API, but their Application programming interface is available on their sandbox for development & testing.
If you would like to talk with their support or managers, you only can write them an email. This is not great for those who would like to talk by phone. Beside, on their website you can find the real address and send them a mail.

We liked:

- How the information is set out in
- Possibility to trade 10 cryptocurrencies
- USD deposits & withdrawals
- SSL protocol and other privacy features
- Decentralized wallet storage
- Size of the fees
- Active blog

We weren’t so sure about:

- The focus in one country
- A very young company
- Mobile version
- Accepts only USD

We hated:

- Mobile version
- Loading time
- No information about the turnover
- No phone number

You can also read some comments about CoinMKT:

7 POST COMMENT
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7 Comments
  • April 15, 2014

    Good luck withdrawing any money from this site. And good luck trading with their buggy trading platform. These guys are either scammers or just plain amateurs. Amateurs who believed that they had what it took to make a reliable exchange. I give them the benefit of the doubts.

    Reply
  • April 15, 2014

    The site currently doesn’t show up the logon screen. I’m really concerned that those guys have run away with all traders’ money. WTF!!!

    Reply
  • April 15, 2014

    Tell all people how long you have forbidden traders to withdraw. They can deposit but can NOT withdraw?! Are you kidding?

    Reply
  • April 15, 2014

    This website is very slow. The volume is low. Find a better exchange.

    Reply
  • April 15, 2014

    These guys are about to list Dogecoin! I think they’ll be the only site that enable USD/DOGE trading. This is huge news. Mostly used them for other alts before, will definitely use them for Doge.

    Reply
  • April 15, 2014

    STAY AWAY!! The founders of this exchange are fraud!

    Reply
  • May 5, 2014

    How is the situation with withdraws now guys??? Is it improooooved or still peace of ..?

    Reply