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.

The company’s mission is to simplify the way the world handles cryptocurrency and makes crypto easy, friendly, and safe for the growing cryptocurrency community. The leadership team consists of many established professionals in the cryptocurrency and blockchain arena. For each credit and debit card transaction, Coinmama applies an additional 5% fee. This fee is added after users have selected their method of payment. Even if Coinmama displays its rates in USD, EUR, GBP, CAD, and AUD, they accept all fiat currencies.

Coinmama Review: Verdict

To check if they provide service in your country, visithere. Coinmama sends your crypto within minutes after both your payment and wallet address have been confirmed. Digital assets are risky, check out the Risk Disclosure Document on your platform of choice for more details and consider getting advice from a professional. It is a legitimate online crypto marketplace that has been around since 2013.

• It is a crypto exchange with a Money Service Business regulation from the United States and is trusted by millions of traders and investors in almost 200 countries.
• Exchanges were reviewed on points including security, fees, number of cryptocurrencies available, and more.
• NerdWallet’s ratings are determined by our editorial team.
• Unlike traditional brokerage firms, cryptocurrency exchanges are not members of the Securities Investor Protection Corp. .
• Where you fall in this breakdown of Coinmama’s services will depend on what your unique needs are.

Therefore, if you were looking to buy Ethereum, Bitcoin, or any other cryptocurrency as an initial investment, Coinmama would be the perfect place to start. Crypto Enthusiast – After passing through the first level you will be promoted to this one where you get to save 12.5% of the last crypto transaction charge. However, this will only happen as long as you retain a minimum aggregate purchase amount of $5,000 over the rolling 3-month period. Coinmama does not accept PayPal, American Express or Discover payment methods and if they start doing so they will be the favorites to buy BTC/ETH quickly. Mobile app for such an easy to use interface is missing.

As a beginner trader, you will have to use a debit card, credit card, or bank account at some point in order to purchase cryptocurrency. Other crypto exchanges require you to first deposit fiat currency into your account, then buy crypto, and finally transfer the funds to your external wallet. Coinmama on the other hand, takes the payment at the point of sale, and sends the crypto directly to your wallet.

Special Features

The trade experience on Coinmama is user-friendly and intuitive. Coinmama doesn’t support crypto-to-crypto trading, and users can only sell Bitcoin through this platform. If you want to sell another asset, you’ll need to use a different exchange.

Crypto Believer – At this level, you get to save 25% on the final crypto price. Nevertheless, this will only happen if you have been buying digital assets via Coinmama for at least a month. Moreover, you only get to earn the charge reduction if you accumulate a purchase amount of $18,000 coinmama review over the 3 months or a $50, 000-lifetime purchase amount. If you want to lock the price of crypto until the platform receives your payment, Coinmama will charge an extra fee ranging from 0-5%. Currently, the crypto platform supports eos, tezos, ethereum, bitcoin, and the like.

This does sometimes cause a small delay while you re-take clearer selfie, I hope you understand it is for a good reason and not personal. We know our customers deserve clarity and efficiency when making Crypto purchases & this is what we provide! We are ready to help out with any issue that may occur.

Is Coinmama a Bitcoin wallet?

This means that the company sells you the coins directly, as opposed to a trading platform where you buy the coins from other people. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site.

But currently, this is only available for European customers via SEPA payments. Coinmama’s features are focused on their singular service of providing a convenient platform for people to buy some of the most popular cryptocurrencies. Crypto wallets are a way to store your crypto keys securely. Crypto wallets do not hold the actual cryptocurrency — these are kept in the blockchain — but contain users’ access to their investments. The company provided a platform for hundreds of customers to buy and sell bitcoin before it was widely accessible.

Coinmama Deposit/Payment Fees

This can easily be compared to doing your weekly grocery shopping only that you will be buying digital assets. Coinmama is a crypto brokerage company https://forex-review.net/ that was launched in 2013 in Tel Aviv, Israel. To date, it has branched out to Dublin and boasts over 2.6 million users spread across 188 countries.

If you are looking for a trustworthy bitcoin investment site with high spending limits, then this exchange is for you. You can enter the VIP level with special identification and blow off the roof at the maximum purchasing power. In other words, there won’t be any limits to your investing here. Coinmama has implemented several safety features to ensure the security of its users’ funds and personal information.

If you’ve had your own experience with Coinmama, I’d love to hear about it in the comment section below. Coinmama has a complete help center and also a dedicated support channel via email. Today the company is headquartered in Dublin, Ireland and operated by Cmama Ltd. – a subsidiary of New Bit Ventures Ltd. Coinmama is also officially registered and regulated as a Money Service Business with FinCEN. We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations.

My service experience with Coinmama

If you connect a bank account, you will avoid this fee altogether. All banks offer credit cards and debit cards backed by MasterCard or Visa so it should not be hard to purchase from Coinmama as long as you have a bank account. Coinmama is a crypto marketplace that is limited in its range of coins, with only 15 different cryptocurrencies available. It is also lacking in features, and doesn’t even have price charts for the coins you are looking to purchase.

Compared to other exchanges, Coinmama is rather expensive. “We are looking forward to making Coinmama your place to sell Bitcoin as well,” said the company. Simply put, you do not require any prior knowledge to purchase crypto from Coinmama.