This first level of verification will allow you to buy up to $10,000 in crypto. One of Coinmama’s more unique offerings is its VIP business program — designed for those who want to buy large amounts of cryptocurrency. The Coinmama Wallet also has instant transactions, 24/7 customer support and an app available for iOS and Google Play. This review covers whether Coinmama is a safe and reliable crypto exchange. The guy in charge of the operation is called Sagi and he is a veteran in the hi-tech industry with over 10 years of experience.

  • Hopefully, this review helped you to answer these questions, so you can decide for yourself if Coinmama is the right cryptocurrency exchange for you.
  • does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency.
  • Even though it accepts Credit and Debit cards, the fee is relatively high compared to other platforms.
  • The spread is based on a service called TradeBlock XBX that averages the rates of known providers to track a market rate.
  • There is currently no mobile app available that we can add to our Coinmama review.

It might not be ideal for the cryptocurrency enthusiast looking for a robust suite of products, but it could be the right place if you simply want to buy or sell crypto. The company focuses on customer experience and customer service so that transactions are super quick . Coinmama was one of the earliest crypto exchanges and has grown into an industry leader for crypto investors everywhere.

You can buy a selection of cryptocurrencies using a debit card, credit card, or bank account at Coinmama. Generally, sell transactions range from 0.91% to 1.87% while buy transactions range from 2.38% to 3.83%. Coinmama is a cryptocurrency exchange that allows users to buy and sell a variety of digital assets with ease. With a focus on fast and secure transactions, Coinmama makes it easy for users to buy, sell, and store their digital assets. Coinmama is a straightforward exchange where you can buy several cryptocurrencies and sell Bitcoin. Accepted payment methods include credit and debit cards, Apple Pay, Google Pay, and ACH transfers.

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Coinmama is one of many crypto exchanges that allow investors to participate in digital asset investments. Coinmama was one of the first crypto exchanges created and remains a reliable way to invest in and store crypto and other digital currency. We must mention in our Coinmama review that even though Coinmama is not one of the top crypto exchanges, they mainly evade media scandals or news that might involve them. However, they do have a positive reputation, according to user reviews.

coinmama review

Great customer support, get connected to and talk with a real human quickly. Bank transfer or deposit fees vary widely across the industry. Obviously, Coinmama’s zero fees are the best in the industry, but many competitors also do not charge for this service. This is among the highest transaction fees in the industry.

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However, it’s important for users to take their own precautions, such as using strong passwords and enabling 2FA, to further enhance their account security. Even though it accepts Credit and Debit cards, the fee is relatively high compared to other platforms. However, users are free from any additional charges for withdrawing. Coinmama is a simple and secure platform, which continues to grow and is competitive. The exchange platform is not available to trade bitcoins and cryptocurrencies.

coinmama review

The platform also offers a mobile app for iOS and Android devices, making it convenient for users to buy and sell cryptocurrencies on-the-go. Coinmama’s user-friendly platform makes it a popular choice for users who want a simple and straightforward way to buy and sell cryptocurrencies. The platform’s intuitive interface, multiple payment options, and responsive customer support make it an ideal option for beginners and experienced users alike.

KYC & Buying Limits

We are ready to help out with any issue that may occur. I highly appreciated the customer service Carl provided. The reason I am giving four stars is because of Carl and his skill in keeping me calm in the situation. If you looking for a quick way to purchase some crypto look no further.

You can buy most major cryptos on Coinmama, including Bitcoin, Dogecoin and Ethereum. I’m a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations. Coinmama does not offer any active short-term trading at all. There is not even an interface for this style of trading so if this is what you are looking for, you better look elsewhere. In this section of our Coinmama review we highlight 6 special features that deserves extra attention.

Its roster includes market leaders Bitcoin and Ethereum , along with a mix of some other big coins and a few mid-size ones. It’s one of the few inconvenient parts of using Coinmama, though. Other exchanges at least give you the option of crypto storage, allowing you to jump right in and make a purchase.

coinmama review

For those looking to purchase or sell cryptocurrencies, Coinmama will likely be a great fit. However, if you’re interested in a range of financial products and services on one platform, BlockFi may be the better option. Understanding how to transfer funds from Coinmama to a crypto wallet is a key component to using the platform. While the process of transferring funds is relatively simple, those who aren’t familiar with it may be more inclined to look at different exchanges that offer built-in wallets.

How long does it take Coinmama to verify?

The only things you can do on Coinmama are buy certain types of cryptocurrency and sell one of them . Compared to other exchanges, Coinmama is light coinmama exchange review on features. One of the most common pieces of advice for safely storing cryptocurrency is to keep it in your own wallet, not on an exchange.

Have your government-issued ID ready and follow the on-screen instructions. Go through the signup process by entering your name, email, and country where you live. Harsh has experience of 12+ years in Fintech and 7+ years in Blockchain and Bitcoin. He has also moderated the panel of Blockchain experts and attended international blockchain events like BTCMiami, and Token2049.

What is Coinmama?

Coinmama is different from most exchanges in that it doesn’t store cryptocurrency for its users. It sends cryptocurrency to the wallet address provided during the purchase process. Since orders go to a user’s own wallet, keeping that crypto safe is ultimately the responsibility of the user. Coinmama is a cryptocurrency exchange that offers investors a straightforward buying and selling experience.

However, their aim is to provide an online marketplace where it is fast and simple to buy and sell cryptocurrency, and they have fulfilled that goal. Here are the top 3 reasons why you should consider Coinmama. Fortunately, Coinmama make the buying process really simple. All you have to do is open and verify your account, enter your card details and choose how many coins you want to buy. No previous knowledge of trading is required to purchase cryptocurrency from Coinmama.

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