Coinmerce.io – Crypto for Everyone
Originally published on: CCN
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February 25, 2019
Netherlands-based, Coinmerce.io is a one-stop platform where everyone can easily buy, sell and store over 100 different cryptocurrencies. The company’s motto is “Crypto for everyone” and it looks to achieve this by delivering an easy to use, educational, fast, and reliable user experience through its all-in-one smartphone app, available for both iOS and Android.
iOS App: https://goo.gl/CoFQCZ
Android App: https://goo.gl/J77amC
Effortless Mobile Accessibility for 100+ Cryptocurrencies
Coinmerce.io became the first Dutch broker to self-develop an all-in-one crypto solution for managing, buying, selling and storing more than 100 different cryptocurrencies. It hardly requires you to have any knowledge of crypto and technology.
Besides offering crypto trading and storage solutions, Coinmerce has also focused on providing you with educational content about cryptocurrencies, blockchain as well as every one of the 100+ supported assets.
The Coinmerce platform is available for iOS, Android as well as in a web version, essentially giving you access to educational materials as well as securely and effortlessly operate in crypto anywhere, at any time.
Among the company’s employees are Luc (Founder & Compliance), Nick (Founder & Marketing), Frank (Support), Hendrik (Support), Rev (Developer) as well as two freelance developers.
Luc Smits van Oyen has studied “Business Administration” at the University of Amsterdam and was a trainee at Pro-Investment. Currently, he follows an extra training; Combating Money Laundering and Terrorism financing at the Dutch Compliance Institute
Nick Smits van Oyen has finished the “International Trade” course at the Europort Business School in Amsterdam. Before co-founding Coinmerce, Nick gained experience in the sector FMCG, Promotional Gifts & Transport.
Is Coinmerce secure and reliable?
Founded in Nov-2017, Coinmerce.io is operated by Coinmerce BV. Its headquarters are located in an office building at address “Startbaan 8 in Amstelveen”. To conduct the most thorough research possible, Coinmerce requested information from the publicly accessible Chamber of Commerce. The company has three holding companies as independently authorized directors.
To prevent illicit activities such as money laundering and terrorist funding, Coinmerce has created a stringent Customer Due Diligence and Anti-Money Laundering policy that applies to everyone at all times. Such procedures could include verifying your identity and monitoring transaction.
The company has excluded privacy cryptocurrencies such as Monero and Dash from its lists due to their high rates of abuse.
Additional Security Features
Furthermore, Coinmerce offers you an additional 2-step authentication safety feature that you can activate and deactivate at any time from the settings menu (2FA verification). When you wish to log in, you will receive a code on your phone. This makes your account extra secure, especially when dealing with larger assets.
In case you decide to use the mobile app, you won’t have to enter the code every time to enter the app. To ensure the safety of your assets, make sure you lock your account with a pin code or your fingerprint.
Registrations at Coinmerce are always free. The company applies a variable percentage of service costs. In general, the service costs at Coinmerce range between 0.45% and 2.0% — the cheapest in the Netherlands.
In order to deliver to its promise, the Coinmerce team has worked hard to enable its rapidly growing user base in the Netherlands and the neighboring countries with the usual payments methods that we are all used to.
On Coinmerce, you can purchase crypto using bank transfers, Sofort, iDeal, EPS as well as Coinmerce Coins, among others. The Coinmerce coin is a stablecoin linked to the Euro, meaning that the value of 1 coin will always equal the value of 1 EUR. On the platform, you can easily convert cryptos to EUR and withdraw it to your bank account with an expected arrival time of between one to three business days.
Moreover, the company integrates new payments regularly, with its newest additions being Bancontact and Giropay, allowing its users in Germany and Belgium to easily trade on Coinmerce.
User Verification Levels
To trade at Coinmerce, you need to to go through at least one of the two verifications (Levels 1 and 2) in order to trade any assets. This measure is not only due to security concerns but also to ensure that in case you wish to withdraw your cryptos they arrive at the right bank account. Additionally, Dutch and EU regulations require that every customer trading is identified.
Level 1 verification is completed as you confirm your bank account and it gives you access to trade for up to 500 EUR per week. You can achieve this by paying at least 0.01 EUR.
The second verification, Level 2 gives you access to trade up to 20,000 EUR daily and 60,000 EUR weekly. It is reached by providing Coinmerce with an identification document and is mandatory if you desire to trade over 500 EUR weekly.
Ultimately, the goal of Coinmerce is the same as all other brokers in the wonderful world of cryptocurrencies, although they do have a number of characteristics that make them stand out of the rest. Their all-in-one crypto app provides far greater accessibility and control over one’s assets. Additionally, the team rolls out regular updates to the platform — all in efforts to make new and existing customers’ crypto experience as user-friendly as possible.
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