Coinmama Review: Costly Crypto on Credit
Coinmama is considered to be a safe and legitimate platform for buying and selling cryptocurrencies. The company has been operating since 2013 and is trusted by millions of users across the globe. Coinmama uses industry-standard encryption technology to protect user data and transactions.
Supported Countries / States
After verifying your Coinmama account, decide which cryptocurrency you want to buy and connect your wallet. Choose a payment option from the multiple choices available, such as Google Pay, Apple Pay, bank transfer, credit card etc. Coinmama is an established cryptocurrency exchange where users can buy and sell popular cryptos. Unlike many leading crypto platforms, with hundreds of cryptocurrencies listed, Coinmama has a small range of the top coins. Coinmama is different from most exchanges in that it doesn’t store cryptocurrency for its users.
Does Coinmama accept prepaid cards?
Double-check that you have entered the correct information or it may delay the process! You can also enter a custom amount of BTC that you’d like to purchase, too – the price will be presented in the currency of your choice. Once you have logged into your account, navigate to the Buy page, and select what you’d like to purchase – in this case, I’ll assume that it’s Bitcoin. Now you will need to enter your full name, choose a strong password and enter your country of residence.
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Do you know anyone who might be interested in buying some crypto? If so you might be able to benefit from the Coinmama Coinmama Review affiliate program. By referring a new user to Coinmama you can receive a commission on all of their purchases.
- Coinmama is an established, straightforward cryptocurrency exchange.
- Originally created in 2013, the website explains that they offer a fast, safe and fun way to buy a digital currency from anywhere in the world.
- If you do decide to sign up with them, make sure you do some research.
- We update our data regularly, but information can change between updates.
- Additionally, new users must take a selfie while holding their ID and a piece of paper with the current date and ‘Coinmama’ written on it.
- So, for those of you looking to purchase Bitcoin, Ethereum, or another cryptocurrency for the first time, Coinmama is a great place to start.
Trade With A Regulated Broker
The disadvantage of a bank transfer however is that if you use it to buy Bitcoin the purchase price is not locked in until the transfer completes. That means that if it takes a day or two for the transfer to clear then the price of Bitcoin may have changed by then. Users are able to purchase Coinmama supported cryptos by credit or debit card or by bank transfer. When you use Coinmama, you pay a fee for each transaction. The basic transaction fee for bitcoin is based on the TradeBlock Bitcoin Price Index (XBX), which offers an average market rate based on known market providers.
Selling on Coinmama
- However it might be worthwhile seeing as their customer support is so responsive.
- We may receive compensation from our partners for placement of their products or services.
- This Coinmama review will take a look at what you can expect from the exchange and help you decide whether using Coinmama is right for you.
- Rather, the company will send coins to whichever wallet you own.
- Customers can click the Buy or Sell tab to initiate a transaction on their online dashboard or the mobile app, which is available for Android.
But Coinmama might offer a solution for those who are worried about the security of their coins. Coinmama doesn’t hold user coins, so there is nothing to steal. Plus, it allows users to buy cryptocurrency with a debit card, credit card, Apple Pay, or bank transfer, with instant coin delivery. The platform allows users to purchase crypto with fiat money.
Who is Coinmama Best Suited for?
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