Coinmama Review September 2025
Like all cryptocurrency exchanges, Coinmama charges a variety of fees for its services. This means you’ll pay a small amount of commission for either buying cryptocurrencies or selling Bitcoin (BTC) through the platform. After completing the payment, the transaction will then be processed by the credit card processor which will take just a few seconds before being transferable to the customer’s wallet of choice.
Funding and Withdrawal Options
The trade is carried out instantly, as you pay for bitcoins who are then in turn sent to your private BTC address. Faster payments service is available for customers only in the UK, which allows users to buy crypto directly paying from their bank account and receive it within a day time. There is a minimum fee of 0.90%, but this figure can be as high as 3.90%, depending on the user’s loyalty level. Coinmama is a fiat-to-crypto exchange that allows individuals to buy cryptocurrencies using fiat currencies. While the platform supports USD, EUR, GBP, CAD, and AUD, users wishing to transact in another currency will need to look elsewhere.
However, Coinmama’s customer service team will try to assist users that require faster verification. A big disadvantage is that Coinmama has very high fees compared to its market competitors. In addition to that fee, you will also have to pay the card processing fee if you opt to fund your account through that option. Coinmama is actually one of the first crypto exchanges in the world to have ApplePay as a payment option.
Although Coinmama limits how much crypto everyone can buy the limits are quite high and getting rewarded for purchasing Bitcoin is a good deal. Coinmama does indeed have a KYC verification program that investors will need to complete before they can purchase cryptocurrencies on their platform. The first thing that any Coinmama review should cover is who can actually use the platform. Like almost every other cryptocurrency exchange, there are regulations about who can access the platform. At Coinbase, you can sell bitcoins as wallet services are available. In addition to BTC and ETH, you are also able to purchase and sell litecoin as well.
Coinmama Online Review
Coinmama allows you to buy crypto instantly, with the coins going directly to your personal wallet. Selling crypto is easy, even if you bought it on a different exchange, and your payment goes direct to your bank account. Coinmama is safe, because it never holds customer funds or stores payment information. You always have complete control of your digital and fiat funds. Only a very small handful of cryptocurrency exchanges now support trading using fiat cash.
The prices may be expressed in Euros, US Dollars, British Pounds, Canadian Dollars, or Japanese Yen. On that page, one may get any and all information, and the procedure for signing up is likewise extremely easy to understand. Traders are required to visit the Coinmama website, where they must register by supplying fundamental information such as their complete name, address, phone number, and a working email address.
A non-custodial cryptocurrency broker like Coinmama is one of the safest places to buy crypto, as the platforms do not store customer funds or hold digital assets. We completed a mock purchase while creating our Coinmama review and noticed that users must provide a crypto wallet address before initiating a purchase. Once the address is provided, the user can decide which payment method works for them and complete the transaction.
Loyalty Program
No, there is not a Coinmama wallet of its own since the company does not provide such a service; instead, traders are required to supply the address of the digital wallet of their choice. Your registered email address will get an email including a link to validate your wallet. After you have followed the link and confirmed your wallet address, the Bitcoin that you have bought will be delivered to the wallet address that you have provided. Under the “My Account” option on the website of the exchange, you will have the ability to monitor the progress of the transaction at any time. If Coinmama wants to lead as the finest cryptocurrency exchange in the United States of America, it seems like the least dominating alternative for traders is Coinmama. The price that is shown on the Coinmama website coinmama exchange review is inclusive of the 5.9 percent brokerage fee that is charged by the firm.
Transaction Fee
- It is a non-custodial exchange, meaning it does not store users’ cryptocurrency or private keys.
- Depending on your account’s verification level, you will also be subject to both daily and monthly transaction limits.
- When you sell your crypto, it goes straight from your external wallet, and the fiat funds from the sale are sent straight to your bank account.
- This website is a strong advocate of promoting that individuals do not leave their cryptocurrency on an exchange, due to the fact that such exchanges are prominent targets of hackers.
- Once your payment is processed, the cryptocurrency will be sent to your wallet.
Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. He started Hedge With Crypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world. Coinmama has created a help center filled with articles covering how to buy and sell, account security, and the verification process to assist its users with everyday issues.
KYC was immediate after I submitted a clear photo of my government-issued ID, a separate selfie, and completed a brief FCA questionnaire. The brand-new Bit Ventures platform is equipped with a comprehensive customer care center that has a specialized help channel that can be contacted through email. Within a maximum of twenty-four hours, the Coinmama customer care staff will do their utmost to respond to any questions or concerns raised by customers. I had an issue with a payment not showing up and someone got back to me within a couple hours. Nonetheless, the platform does offer discounts for those transacting regularly and offers custom packages for those dealing with large volumes. This involves providing your email address, selecting a secure password, and then passing through a few short verification steps.
There are several cryptocurrency exchanges available, similar to the Coinmama exchange. Visit other comparable exchanges that provide a greater variety of crypto alternatives for cryptos even if Coinmama does not have your favorite cryptocurrencies in its inventory. Customer support is available via email, as well as an extensive list of FAQ’s.
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This includes activities such as funding trading accounts, bridging crypto assets across blockchains, purchasing digital tokens, or participating in funded trader programs. Make sure you understand the risks involved and consult with a licensed financial advisor if needed. Coinmama has many payment methods for crypto purchases, such as Google Pay, Apple Pay, Debit cards, SWIFT, SEPA, Fedwire, SEPA Instant and Skrill. Coinmama is an established, reputable, beginner-friendly and easy-to-use platform.
Coinmama is dedicated to providing a safe and secure platform for users to buy and sell digital currency. While the range of supported fiat currencies is lower than other exchanges, Coinmama has ensured that every user is provided with a viable payment method. Coinmama accepts credit and debit cards, bank transfers, Google Pay, Apple Pay, and Skrill. Unfortunately, while the most cost-effective option, bank transfer payments can take between 1-3 days to complete. Coinbase is one of the largest exchangers in the bitcoin market, currently supporting 32 countries around the globe with the largest coverage located in Europe.
Coinmama is a cryptocurrency exchange that makes buying cryptocurrency simple and straightforward. With no prior knowledge of trading required, users can open and verify their account, enter their card details and choose how many coins they want to buy. Coinmama offers a variety of features such as market orders and kill-or-fill orders, as well as graphs, charts and statistics to help users make informed decisions. With a user-friendly interface and helpful customer support, Coinmama is a great choice for those looking to purchase cryptocurrency.
- If we’re going to nitpick a little, Coinmama could be more transparent concerning security and protection for its customers.
- On your account dashboard, you can click the ‘Orders’ button on the sidebar menu to review your orders.
- Coinmama makes the formerly complicated process of buying bitcoins simpler.
Following the collapse of FTX in November 2022, the exchange has stuck to its motto and its advocacy for individuals to maintain control of private keys. Note that you cannot use American Express, Discover card, PayPal, a gift or prepaid card to fund your account. You can use all the above methods to buy, but only Fedwire and SEPA to withdraw. Exodus and ZenGo are both well-established and receive positive reviews online. Importantly, fees are relatively high though similar vs Coinbase.
