The platform is a non-custodial crypto broker, so your crypto purchases are always sent to your secure crypto wallet and not held on the exchange. Coinmama is an established, straightforward cryptocurrency exchange. It supports a small number of digital assets and doesn’t offer a dedicated crypto wallet. Those looking for a crypto exchange with lots of tools and products may want to look elsewhere. It provides users with a platform to purchase Bitcoin and Ethereum using credit and debit cards.
Who can open an account with 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 Coinmama Review great place to start. Those in the Curious tier will pay a 3.9% fee per buy or sell transaction. Compared with other cryptocurrency exchanges, Coinmama’s trading fees are relatively high. Users will also pay spread fees, called “rates” on Coinmama, and may be subject to other fees depending on the payment method they use.
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For specific information about a cryptocurrency exchange or trading platform please visit that provider’s website. This information is general in nature and is for educational purposes only. Hedge with Crypto does not provide financial advice nor does it take into account your personal financial situation. We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own enquiries. Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions.
Coinmama Review: Verification
- Coinmama operates in a straightforward manner to allow you to buy cryptocurrencies using fiat currency.
- According to the findings of our investigation, the fees required to use Coinmama are the service’s primary drawback.
- Thankfully, these thieves made off with only email addresses and hashed passwords of older user accounts.
- Retirement Investments has advertising relationships with some of the offers listed on this website.
- This can be located under the “Marketing Tools” tab in your Coinmama account.
- Hedge with Crypto does not provide financial advice nor does it take into account your personal financial situation.
Email only, and the company promises faster response times for those who are a part of its loyalty program. You can buy most major cryptos on Coinmama, including Bitcoin, Dogecoin and Ethereum. Nimrod Gruber, Laurence Newman, and Ilan Schuster founded Coinmama in 2013 to create a platform that allowed investors to access the fast-growing world of crypto and, more specifically, Bitcoin. Together with offering amongst the highest daily buying limits in the industry, it justifies its global reach of more than 188 countries.
- If you have the option to use a different payment method other than a credit card then I’d go elsewhere to avoid paying the high fees.
- Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
- Still, the benefit is that it makes you think seriously about setting up a secure digital wallet instead of taking the easy option.
- 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.
- Nimrod Gruber, Laurence Newman, and Ilan Schuster founded Coinmama in 2013 to create a platform that allowed investors to access the fast-growing world of crypto and, more specifically, Bitcoin.
- However, once this is done, you can buy up to $15,000 in coins without needing to provide any more information.
They recently added an option to sell Bitcoin for Customers in the 37 European countries that are part of SEPA (Single Euro Payments Area). Coinmama boasts one of the easiest-to-navigate user interfaces that has ever been developed for an exchange service, making it an excellent choice for those who are just starting out. You won’t find any complicated graphs or charts here to add to your confusion.
Supported Fiat Currencies and Deposit Methods
- There is currently no mobile app available that we can add to our Coinmama review.
- The company is headquartered in Ireland, and it was founded by Nimrod Gruber, Laurence Newman, and Ilan Schuster.
- Coinmama seeks to make buying and selling coins as easy and accessible as possible.
- At peak times, however, the verification process could take a couple of hours.
- The user experience on Coinmama has been carefully thought out and is designed to suit individuals with various levels of investing knowledge.
What does Coinmama offer?
Coinmama User Interface
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