Coinmetro Reviews 610

TrustScore 4 out of 5

4.2

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Rated 5 out of 5 stars

Super easy from start to finish. Onboarding is quick and painless, the design is clean and intuitive, payment methods cover all the bases, and SEPA instant withdrawals are a genuine differentiator. Ha... See more

Rated 1 out of 5 stars

I tried to withdraw my bitcoin cash coins 48hrs before a planned fork but 36hrs later and they still haven’t completed the transfer. I got fobbed off with things like ‘oh it’s just for your own securi... See more

Rated 5 out of 5 stars

With current exchanges refusing to work with clients in the USA, it's great to know that Coinmetro accepts them and my trading experience has been really smooth to date. Actually, I just used their s... See more

Company replied

Rated 5 out of 5 stars

If you wonder whether all the 5-star-reviews are Fake, they aren't! Coinmetro simply focuses on giving their users the best user feeling possible. It's a regulated Exchange which highly focuses on Sup... See more

Company replied

Company details

  1. Cryptocurrency Service
  2. Financial Institution

Written by the company

Coinmetro is an EU-licensed crypto platform offering fiat-crypto-fiat exchange services, crypto margin trading, copy trading, a primary issuance marketplace, multiple passive income opportunities, and instant fiat on & off ramps in EUR, GBP, & USD. The entire ecosystem is powered by its very own native utility token, XCM.


Contact info

You should know

4.2

Great

TrustScore 4 out of 5

610 reviews

5-star
4-star
3-star
2-star
1-star

Replied to 66% of negative reviews

Typically replies within 1 month

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Rated 5 out of 5 stars

Best crypto exchange in my opinion

Best crypto exchange in my opinion. Quickest customer support by far and the platform is a very convenient fiat on/off ramp. There are also great options available for both beginner and advanced crypto traders.

21 June 2023
Unprompted review
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Reply from Coinmetro

Hello Sophie,

Thank you for your awesome review.
Always a pleasure to help.

Rated 5 out of 5 stars

Great support.

Great support.

I was in contact via chat with Shoba from Coinmetro support and he/she helped me perfectly and fast. Although my issue isn't solved yet, I am sure it will be very soon.

Coinmetro has decent exchange rates and now is a good alternative for Binance in countries where Binance is retreating from the market.

19 June 2023
Unprompted review
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Reply from Coinmetro

Hi Robbie,

Shoba is indeed one of our customer support superstars. 
Thanks for your great review and kind words.

Rated 5 out of 5 stars

Above and beyond yet again!

@kevinmurcko @Coinmetro_Oliver Can you make sure you convey my gratitude to @Coinmetro_Sophie and the support team, I put additional pressure on them on what must be an exceptional busy day and they were super fast. So thank you all x

8 June 2023
Unprompted review
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Reply from Coinmetro

Hi Hamish,
Thank you for your kind words and encouragement.  Means a lot to us.
We will make sure Sophie and the support team get the Kudos!!!

Rated 1 out of 5 stars

Fiat withdrawal delayed. No recourse

"Regulated" but complaints or escalation process only provided after this review. Despite asking directly 3 times.

Polite practical support staff, who are definitely consistent in their "in 2 days, 5 days in a row..."

Fiat withdrawal manual and delayed

XCM can be bought but not sold to "protect holders"... Yeah...

Update: Originally 2 stars because their chat and support function is genuinely good and they not in control of finance ops. I'd been intending to modify up after funds were (eventually) received and they did follow up but they claimed it was a fake review.

2 June 2023
Unprompted review
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Reply from Coinmetro

Hello Clare,

Thank you for your kind words regarding our support. It can be tricky in the current rocky times in crypto.

Please be informed that a review can be taken as "Not based on a genuine user experience" (rather than being fake) if we feel that a client stated incorrect information, or made use of inflammatory wording in their review. We do not believe that the reviewer in general has malicious intent, rather than just stating incorrect information which can lead to a wrongfully negative perception of Coinmetro.
We always had, and still have, an escalation process in place.
Also, XCM can be bought, and can also be sold on the same platform.

Although a 1-star review is definitely not the desired outcome we would like to see. Coinmetro will never shy away from a 1star review as they are great mirrors to reflect imperfections in a customer's experience, and give us excellent points to work with.
Please let us know on our main web chat, or on my personal mail at michael@coinmetro.com how we can or could have helped you better.
We would appreciate the chance to look at those points with you and make this right.

Rated 5 out of 5 stars

All pros, No cons here

It shows when a company makes you go through hoops and loops to get your account straightened out.
I might not have liked the process (getting verified), but I'm sure it will be the standard soon looking at recent news and how regulation is coming down on the bigger crypto exchanges.
Nothing to complain here. Coinmetro has been the go-to exchange for me for a longer time now. What sets them apart is the human element and the transparency. Not just talking about their support, but also on their social media you get a chance to connect with the CEO of the company and ask him questions. He will literally tell you what's up through a voice message. Never seen that anywhere else.
All pros, no cons for me here. I'd like to see XCM move to the 1 euro mark though, lol.

6 June 2023
Unprompted review
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Reply from Coinmetro

Hi Roman,

Thanks for your awesome review.
Regulation is indeed ramping up in the crypto space. Coinmetro has been ready for that since the beginning.
Also, thanks for following us on our social media channels. Lots of good stuff on there.

Rated 5 out of 5 stars

I panicked when my phone got stolen

I panicked when my phone got stolen, and with that also lost the 2fa authenticator. I then contacted support as I was afraid they could get into my account . They immediately locked my account, sent me some steps to follow. Did that, and within not even 20 minutes I had my 2fa reset so I could have the control over my account again.
Loved the way they took care of this super fast for me.

12 May 2023
Unprompted review
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Reply from Coinmetro

Hi Reeva,

We are happy to see that this was handled quickly. We hope you can get your phone back.

Rated 5 out of 5 stars

Make sure you enable 2fe verification for everything on your account

So my account was compromised and someone attempted to take my money but luckily with all the safety systems in place they were not able to do so and the account was deactivated and my money is safe. They sorted my account out and was able to get access again quickly. They communicated everything with me and was easy to contact them.

20 April 2023
Unprompted review
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Reply from Coinmetro

Thanks for your review! 2FA is super important and glad we could help you on this one! Wishing you the best

Rated 1 out of 5 stars

racist

racist. they don't accept Philippines subscribers. I have a screenshot.

25 March 2023
Unprompted review
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Reply from Coinmetro

Hello,

Please be informed that due to Coinmetro being licensed and regulated in the EU, there are various countries and states in which we can sadly not provide our service.
No racist intentions behind this. Just being compliant with regulatory ruling.

We sincerely hope these rules can be amended soon, so we can start providing our service also in the Philippines.

Kind regards

Rated 5 out of 5 stars

This company is seriously underrated

This company is seriously underrated.
I have contacted their customer service various times as I was just impatient with my withdrawals and got an answer within a minute.
Then, I thought there was a serious issue with their exchange platform and trade book. Turns out I was wrong. Not only did I get an explanation on what I thought was an issue, I got a complete free class on how to trade, what a market order really is, and how to best set a limit order by looking at the levels in the book. I had never heard of the term "Top of book" before. An absolute gem of a company with an amazing customer service.

16 January 2023
Unprompted review
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Reply from Coinmetro

Hello Rhys,

Thank you for your kind words.  Always a pleasure to help, especially when we can educate our customers at the same time.

Rated 5 out of 5 stars

Awesome customer support

Awesome customer support, super speedy with their replies and very helpful. And I love the app, very user friendly. :) Good job Cameron!

6 March 2023
Unprompted review
Rated 1 out of 5 stars

You can’t sell your XCM tokens

You can’t sell your XCM tokens for some stupid reason.

Coinmetro decided that their token, XCM, is worth $0.60 on the platform in the meantime XCM is trading at $0.15 on Uniswap.

They said that can’t take the price floor off to protect customers but im pretty sure they can’t take that off because probably they use XCM (worth $0.60) as collateral for some financial reason.

Another bad thing is volume, most of the days under $500k daily across all the pairs.

Stay away from it!
Very shady!

Ps: flagging my review as a fake tells a lot about Coinmetro’s company!

You can’t fix your problem and you don’t want people to talk about it!

Shame!

Pps. Apparently now people found out that the “Order Matching Engine “ it’s not working properly, so orders are getting filled in a random way and when people ask the team what’s happening they just don’t reply or saying that everything is ok.

4 February 2023
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Reply from Coinmetro

Hi Phillip,

We would like to assure you that our main focus right now is reactivating the XCM order books to regain liquidity on the buy side. Coinmetro has always had a floor in place since inception: initially 1c, then 12c and now 60. Keep in mind the increase to 60c was following a 1000% increase in volumes and huge increase in users and XCM price. Before the floor was in place, the trading price was stable well above the floor price.

Over all, financial markets both crypto and traditional have been severely affected by ‘black swan’ events and the actions of the US Federal Reserve to fight unprecedented inflation. While trading volume on XCM is low at the current moment, there are several points to note:

1. There has never been more than 2% of the minted XCM placed in the book which would indicated holders see value in the token. 

2. The paper value of holder of XCM has increased whereas all other assets have seen significant paper losses that they continue to hold.

3. Holding XCM allows significant benefits within the Coinmetro ecosystem. Another reason for low volume.

In the meantime, please be aware that there are still ways you can use your XCM on the Coinmetro platform:
- XCM Staking - Make passive income and earn multi-asset rewards by staking your XCM with the MARs (Multi-Asset Rewards) program - one of the industry's best passive income plans,

- Margin Collateral - XCM can be used as collateral on the margin platform. The feature allows you to use our Margin product even when just holding XCM.

-XCM holders also receive rebates on trading fees whilst using the platform. 

As for the volume across pairs, we are a growing business and whilst still relatively small in the space we are fully transparent, regulated and have good spread and liquidity across pairs. Growth takes time however in these markets that we have seen of late, volumes are at a significant low. 

We do understand your frustration and ask you to bare with us as we finalise and launch initiatives to counter these hurdles.

Please reach out to me directly if you would like further clarification at cameron@coinmetro.com.

Update:

Hi Phillip,

The review was flagged due to the line 'probably they use XCM as collateral' which is inaccurate and inflammatory.

The floor was put in place for a multitude of reasons, some of which being:
1. It is a utility token and therefore a product;
2. To protect our token holders through illiquidity, volatility and bear market conditions . Some people approve of the floor, some do not however we are working day and night to improve liquidity on the buy side of the book.

Further update to your update (P.P.S):
The matching engine is working exactly as planned. It simply looks at a time stamp from when the order is created, so many margin orders are historically older than spot orders. As such, when they are closed the order is put at the top of the book as it is historically older.

Again, please rather than sharing your hypothesis, ask the team so we can clarify for you.

Rated 5 out of 5 stars

Carlos

Carlos, was clear, efficient and made me feel taken care of. He resolved the issue quickly and re assured me my funds where safe. Thanks again!

3 February 2023
Unprompted review
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Reply from Coinmetro

Thanks Pablo, appreciate the review! Carlos not only as you describe, but a great guy too!

Rated 5 out of 5 stars

Extraordinary exchange

might be small for now, but definitelly the best experience with this exchange...support - amazing, ceo - transparent, company - bright future

29 January 2023
Unprompted review
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Reply from Coinmetro

Thanks @Crypto, we love having you here!

Rated 5 out of 5 stars

Coinmetro, the best choice out there.

Been using Coinmetro for more than a year now, and not only was it the best exchange when I entered the market, the company's service has only improved since I have been here. With around-the-clock customer support and almost negligible fees, it's hard to recommend anything else for someone also joining the space.

8 January 2023
Unprompted review
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Reply from Coinmetro

Awesome to hear, thanks for the feedback!

Rated 5 out of 5 stars

Reliable exchange

Reliable exchange. I had some issues with account verification, but in few weeks they were resolved. Now completely satisfied

Update: sometimes can't place order: "Price protection triggered! Insufficient liquidity in the book". So trades on pair really stop in this case, it's really weird

7 January 2023
Unprompted review
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Reply from Coinmetro

Great to have you here!

Rated 5 out of 5 stars

I have faith in them and the entire team!

Been here since 2018 and I wouldn’t still be here if Coinmetro wasn’t a top notch exchange with an amazing team and features.

not only building the future of finance but leading by example by doing things the right way, which is not always easy in a world where we see corruption coming to the surface in places a lot of us would not have expected years ago, deteriorating leadership and a world that doesnt appear to have a clear direction.

Be sure, you'll have your crypto on THE most amazing exchange in the universe 🤩

29 December 2022
Unprompted review
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Reply from Coinmetro

What a BOSS review! Thanks Floris!

Rated 5 out of 5 stars

6 stars from me

Absolutely mint service wouldn’t deposit crypto anywhere else, support team are brilliant too! Almost instant with replies.

13 December 2022
Unprompted review
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Reply from Coinmetro

Love to hear it, Ethan! Cheers!

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