Coinmama also doesn’t store credit or debit card information in its system. Founded in 2013, Coinmama has been a long-time choice for consumers wanting a fast way to Coinmama Review purchase cryptocurrency via credit/debit card. The company was the first to offer this method of payment and have grown rapidly as a result of this accessibility.
Who can open an account with Coinmama?
Coinmama is a simple-to-use exchange that enables users to purchase 16 cryptocurrencies using various payment methods. The platform’s interface is clean and intuitive, with all essential information readily available. You will, however, need your own digital wallet to store the cryptocurrencies you buy. One of the USPs of Coinmama is the fast, secure, and safe service it provides for buying cryptocurrencies like BTC, ETH, LTC, BCH, ETC, XRP, QTUM, ADA via credit cards.
- It’s also an added safety feature because you aren’t storing your fiat currency on an exchange, or registering bank account details.
- Coinmama is an established cryptocurrency exchange where users can buy and sell popular cryptos.
- The introduction of transactions being facilitated via Apple Pay is a recent addition keeping in mind the people’s heavy dependency on e-wallets in recent times.
- Coinmama is a centralised exchange, meaning they have one single point of failure.
- After sending the required funds to the exchange, Coinmama sends the tokens straight to the user’s wallet address, eliminating the risk of hackers stealing client funds.
- Additionally, the only crypto you can sell to Coinmama is bitcoin.
Review of the Top Features on Coinmama
You can always use SEPA bank transfers to bring it down to 0% if you are not in a hurry. Coinmama was established in 2013 and has served over three million customers around the world. The company is headquartered in Ireland, and it was founded by Nimrod Gruber, Laurence Newman, and Ilan Schuster.
People who looked at this company also looked at
Case studies carried out by commentators have suggested that it users should add an additional 10% in fees when transacting through Coinmama. In comparison to its rivals, Coinmama’s transaction fees are quite high, with a 5.50% fee paid to Coinmama per transaction. This fee is included in the Bitcoin or Ethereum rate that is shown on Coinmama’s website.
Key features of the Coinmama platform
Our full cryptocurrency exchange methodology, including the review process and weighted data points, is available for review. 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. 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.
Outstanding customer service
It makes sense that no cryptocurrency was stolen from Coinmama. It doesn’t have any user coins stolen available to steal as it doesn’t offer custody (storage) service. Instead, all user coins are immediately sent to their own addresses (digital wallets).
COINMAMA REPLIES
With a focus on fast and secure transactions, Coinmama makes it easy for users to buy, sell, and store their digital assets. Coinmama is registered with FINCEN in the US as a money service business. Users can either make purchases by credit or debit card or via fund transfers. You’ll pay additional fees on each transaction of up to 3.9% on buy transactions and up to 0.9% on sell transactions. Finally, if you use a SWIFT bank transfer, you will pay a fee of 20 GBP if your order isn’t worth at least $1,000.
Company Overview
- The fee charged by Coinnmama for buying and selling crypto is far higher than most other crypto exchanges.
- The exchange’s interface is straightforward to use, featuring an intuitive and simple UI that allows you to navigate and access without any confusion.
- All content on CaptainAltcoin is provided solely for informational purposes.
- Anytime you purchase with Coinmama and enter your card details, the platform sends your coins instantly to your wallet.
- As always Coinmama support staff are the best above all the rest.
You can find a Coinmama page listing fees from a Google search, but that’s not the point. In my opinion, they should be fully transparent on the main website. In addition, the VIP page states “competitive fees” without mentioning what they are.
However, it is easy for new users to open an account and start buying cryptocurrencies without the hassle of tackling reams of information. Coinmama is an established, reputable, beginner-friendly and easy-to-use platform. When navigating a crypto exchange with multiple tools and services, hundreds of tokens and a trading https://www.tokenexus.com/ platform, it can be overwhelming when you’re starting. If you just want to buy and sell Bitcoin (BTC), Ethereum (ETH), or a few other cryptos, Coinmama is a suitable option. Coinmama allows you to purchase crypto using a host of different payment options ranging from bank transfers to Apply Pay to wire transfers.