coinmotion review

Trading costs sit at taker fees of 0.8% to 2.9% and opening an account is €0. The median taker fee across the category is 0.2%, so Coinmotion sits toward the dearer end, especially at the top of its range. Withdrawals add a set charge per euro transfer plus a per-network fee on cryptocurrency sent out.

Coinmotion is supervised by the Finnish Financial Supervisory Authority and also holds a payment institution licence from the same authority. It carries a MiCA CASP licence, MiCA CASP 743700PZG5RRF7SA4Q58. The operating company is Coinmotion Oy, registered in Finland, so the entity behind the brand is named and traceable.

Coinmotion holds the coins rather than you: custody is custodial. Storage runs on multi-signature cold wallet infrastructure, which keeps keys away from internet-connected machines. That is the convenience on offer, and the trade-off against holding coins in a wallet under your own control.

Coinmotion lists from 300 coins, with 300 supported for trading. The median exchange in the same category carries 74.5, so the range here sits well above the middle of the market rather than at the tail.

Derivatives: no. Coinmotion does not offer them, so trading is spot only and there is no leverage or hedging product on the platform. Orders settle on the exchange itself, since it runs as a custodial cex exchange rather than a decentralised pool.

Taking money out costs a set charge per euro transfer to your own bank account, and a per-network fee applies when cryptocurrency is sent out of Coinmotion. Support runs on email, phone and help centre, so a question about a transfer can go to a person by phone or email as well as through the help centre.

The wallet interface is mobile, so buying and selling runs from a phone rather than a desktop session. Coins sit in custodial custody as you trade, which keeps the app simple but means the exchange holds the keys on your behalf.

Crypto losses are the norm for most retail accounts: across the listings the median share that lose money is 70.15%. A straightforward interface does not change that, and with custody set at custodial the balance you hold depends on the exchange as well as on the market.