Other than that, you will be just frustrated by the unprofessional way your case will be handled. We receive compensation from the products and services mentioned in this story, but the opinions are the author’s own. Learn more about how we make money and our editorial policies.
- When comparing offers or services, verify relevant information with the institution or provider’s site.
- Although Coinmama limits how much crypto everyone can buy the limits are quite high and getting rewarded for purchasing Bitcoin is a good deal.
- As a financial service, Coinmama is committed to the highest security and privacy standards.
- After submitting your details for verification, we’ll then quickly go over it and make sure everything looks good.
- The crypto price shown on Coinmama is based on a service called TradeBlock XBX.
However, it is a secure platform that has successfully helped over 3 million users purchase digital assets in 188 countries.Coinmama is more of a brokerage than a crypto exchange. The platform to doesn’t custody assets for you, which means that any purchase you make is sent directly your wallet address of choice. Coinmama is a non-custodial cryptocurrency broker from Israel that is https://www.tokenexus.com/ incorporated in Europe, Slovakia. Founded in 2013, it has become a fast, safe, and convenient cryptocurrency gateway for digital currency enthusiasts all over the world, including the United States. In fact, the exchange boasts of having over 2.4 million users across 188 countries. Overall, CoinMama is a reliable and secure cryptocurrency exchange with a user-friendly interface.
How Do I Use Coinmama?
If you have read it from start to finish, you should now have a really good understanding of how it works as well as all of the advantages it comes with. If you would like to check out Kucoin, more recommended broker exchange, then check out this full review. Double-check that you have entered the correct information or it may delay the process!
If you don’t have a Bitcoin wallet address, simply follow this guide and get a wallet address for yourself. This time I had the pleasure of liaising with Conor and the issue was handled expediently and with care. Conor from the support centre was very fast and friendly with answering all my questions.
Great Coinmama!
Unlike Coinmama, Coinbase supports a limited number of countries around the world and is known to have horrible support. Users are able to purchase Coinmama supported cryptos by credit or debit card or by bank transfer. The primary benefit of Coinmama is that it’s simple to use. It’s straightforward, which allows you to purchase cryptocurrencies using fiat currency. For those who want an easy way to buy coins, Coinmama could be a quick solution because of the simple transaction process. Coin transfer to and from Coinmama is dependent on the payment method.
- Coinmama is registered with the Financial Crimes Enforcement Network.
- Coinmama provides a safe and is the best cryptocurrency exchange in Germany community to buy and sell Bitcoin.
- Coinmama does not store credit or debit card details on the website or servers.
- Coinmama lets you buy over a dozen cryptocurrencies, which is much less than quite a few other exchanges.
- Since cryptocurrency transactions are irreversible, it’s very important to provide the correct address for your order.
The company has also started accepting payments by SEPA and SWIFT bank transfer with 0% processing fees. It has also recently collaborated with Apple Pay & Google Pay, and now Coinmama supports multiple payment options via those gateways. Coinmama seeks to make buying and selling coins as easy and accessible as possible. It provides a secure platform to buy and sell crypto and rewards frequent traders with generous discounts on commissions and other fees.
great customer service
As always, while Coinmama has generally a good reputation, it’s always important to do your own research and due diligence when choosing a cryptocurrency exchange. Coinmama is an easy-to-use crypto Coinmama Review exchange and great for the beginner crypto investor, however, this exchange does charge higher than average fees. Yes, Coinmama is a safe and reputable company with impressive support.
No previous knowledge of trading is required to purchase cryptocurrency from Coinmama. However, traders can also use bank transfers like SEPA, SWIFT, Sofort, Fedwire, FasterPayments, etc., instead of a credit card; with this, they can save 5% in total fees. On top of the credit or debit card fees charged on the Coinmama exchange, there is an average transaction fee of 5.5% to 5.9% for every transaction made on the Coinmama platform. However, the exact and minimum fee depends on the number of cryptos a trader intends to buy. Although the fees that Coinmama has is higher than other platforms, the platform has a loyalty program called Coinmama Loyalty. With an automatic entry into this money-saving scheme, users are treated to the chance of lowering their fees to 25%.
Approved buyers will see their spending limit raised all the way to 1,000,000 USD. Anyone reaching level 2 verification will increase the limit on purchases up to 50,000 USD. This level can only be accessed once a user has been purchasing on the site for 30 days. Customers who reach the Crypto Believer stage will see 25% off the transaction fee on any purchase they make. Keep in mind, too, that it’s possible to drop back down to the Crypto Curious level if a user fails to maintain the purchase requirement.