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Coinmama Reviews Read Customer Service Reviews of coinmama com

Easiest and fastest way to buy cryptocurrency with fiat through card payments, bank transfers, or e-wallets. To sell Bitcoin on Coinmama, users must first ensure that they have Bitcoin or another supported coinmama review cryptocurrency in their Coinmama wallet. They will then need to initiate a sell order, which will require them to enter the amount of cryptocurrency they wish to sell and provide their payment details.

We write product reviews and comparison articles in the field of cryptocurrency. The platform is user-friendly and supports both novice and high investors. It also does not charge any additional fee for orders above $1,000 with user transfer with SWIFT bank. Users have to pay 20 GBP if they make an order below 1,000 USD. Compared to the rest of the exchange platforms, Coinmama has the highest daily limit. This platform is more suitable for beginners than advanced traders who want to significantly expand their crypto portfolio with more coin options.

Coinmama has some potential disadvantages, such as limited cryptocurrency selection, higher fees, and no trading features. Coinmama is a global cryptocurrency marketplace founded in 2013, with an aim to make it quick and easy to purchase digital currency using fiat currency. Since its establishment, it has expanded to 190 countries and served over 3 million customers worldwide.

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Bitstamp is one of the oldest and most respected exchanges out there, so it’s a solid alternative for Coinmama. Also, just like Coinmama, the exchange supports a wide variety of countries worldwide. The minimum amount of Bitcoins you can buy is 50 USD or the equivalent in EUR/GBP/AUD/CAD/JPY. The maximum buying limits depend on your account’s verification level. Coinmama offers the ability to purchase some of the most popular cryptocurrencies, as well as sell Bitcoin for cash.

Coinmama has a relatively high fee of 5% for using a credit card. A huge advantage of using Coinmama is that you CAN use your credit card, just keep this fee in mind when purchasing cryptocurrency from this exchange. 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.

coinmama review

Several users have positive things to say about Coinmama’s customer service. Coinmama customers have mixed feedback about this exchange, though it has a relatively high rating of 4.1 out of five stars across 446 Trustpilot reviews. Do you know anyone who might be interested in buying some crypto?

Coinmama is a simple, straightforward platform for buying and selling crypto. Its ease of use makes it a great option for certain customers. However, it has relatively high fees and users looking for expanded product offerings such as crypto rewards credit cards or crypto-backed loans will need to look elsewhere. Coinmama is available to users in 188 countries and 48 U.S. states, excluding Hawaii and New York. It gives customers the option to purchase crypto using credit cards, debit cards, bank transfers, Apple Pay, and Google Pay. Not all cryptocurrency platforms support credit cards or the use of a debit card but Coinmama does.

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So, no need to wait for hours and days to start buying and selling cryptocurrencies. Coinmama falls under those who first supported the purchase of Bitcoin with credit and debit cards. Even though Coinmama does not have trading options like margin trading, users find it appealing and prefer it. One of the reasons users prefer it is because they continuously add cryptocurrencies and alternate payment methods.

They plan to add more coins in the near future, so keep your eyes open for more options. I do need to mention that Coinmama only offers 15 cryptocurrencies so it is quite limited. If you are after a crypto exchange that offers a wider range, Coinbase offers 160+ coins and KuCoin has over 700+ different cryptocurrencies.

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These transaction fees vary depending on the value of the transactions you make through the platform. Yes, Coinmama is a safe and reputable company with impressive support. It has more than 2.2 million active users from 197 different countries, including U.S. citizens.

As for Coinmama verification time, accounts are normally verified within a couple of hours, so you will just need to wait until you receive an email. However, once this is done, you can buy up to $15,000 in coins without needing to provide any more information. However, as I explained earlier in my Coinmama review, Coinmama is a broker exchange which means that you are actually buying directly from them with fiat money. On top of the fees you will be charged when using your card, you will also be charged an average fee of 5.5% for every transaction you make! The exact fee will depend on the number of coins you want to buy, and this seems to change without notice. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.

  • Although Coinmama limits how much crypto everyone can buy the limits are quite high and getting rewarded for purchasing Bitcoin is a good deal.
  • You’ll begin the account creation process by inputting some basic information, such as your country of residence, address, and email.
  • If you need to get hold of some bitcoins as quickly as possible, Coinmama has you covered.
  • It can be used in 190 countries worldwide and has over 3 million users.
  • The signup and verification process is simple, and it takes only a limited time to complete it.

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. Coinmama offers a simple platform for users to buy and sell cryptocurrency.

Why use Coinmama

While no exchange is perfect, Coinmama is definitely on the positive side. Although some might be cheaper when it comes to transaction fees, they might not offer the option to use your debit or credit card. So, for those of you looking to purchase Bitcoin, Ethereum, or another cryptocurrency for the first time, Coinmama is a great place to start. Coinmama supports several payment methods, including credit or debit cards, bank transfers, Apple Pay, and Google Pay.

To buy crypto, simply plug in the amount you want to spend, and then provide your payment method and crypto wallet address. For beginners, this is an excellent option for buying your first Bitcoin. More advanced users can use alternative trading platforms to save on transaction fees. Market rate plus up to 3.9% for users to buy; market rate plus 0.99% for users to sell. Credit/debit transactions incur an additional 4.99% charge.

Altogether Coinmama is a reliable, established exchange and definitely one of the better platforms for the purchase of crypto. With the Coinmama loyalty program everyone is automatically enrolled, you don’t have to sign up for anything. Currently there are three levels to the loyalty program that we’ll talk about in this Coinmama review. While Coinmama has never actually been affected by a hack that led to a loss of cryptocurrency, they have been hacked.

coinmama review

It was created to build the most straightforward and easy crypto exchange platform. Since 2013, it has now about 2.2 million active users across 197 countries. It is simple to use Coinmama, and purchases are made instantly. There is no fussing around with deposits into an online account, before buying on a market, and then transferring the crypto to your personal wallet.


Coinmama was established in 2013 in Israel and has since grown to serve over 3.1 million customers in 188 countries with over 35 employees. Investing in cryptocurrencies like bitcoin is highly speculative and known for its volatility. It’s wise to never invest any more than you can afford to lose. Rather, the company will send coins to whichever wallet you own. Coinmama users can log in to their online portal or use the Coinmama app, which is available for Android.

How long does Coinmama take to verify?

Coinmama offers instant buying of Bitcoin and other cryptocurrencies through its platform. Coinmama is a reliable and user-friendly platform for buying and selling cryptocurrencies, with high limits and multiple payment options, making it a popular choice for users worldwide. It was founded in 2013 and is based in Israel, but serves customers in more than 190 countries worldwide. Coinmama is an Israel-based online cryptocurrency exchange platform to buy and sell cryptocurrencies.

There are three pre-set amounts you can choose from ($150, $500 or $1000) or you can type a different amount you want, at the far right. There are no confusing charts, or markets that you need to understand before you can buy crypto. Coinmama differs from many other cryptocurrency exchanges, so what does it offer? Let’s take a look at what you can expect from Coinmama.

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