Coinmama Review

Today, the company is headquartered in Vancouver, Canada, and is operated by Wellfield Technologies. If you looking for a quick way to purchase some crypto look no further. We believe everyone should be able to make financial decisions with confidence.

  • Alternatively, the firm offers a local, non-custodial wallet for instant transactions, 24/7 customer support, advanced security measures and mobile app support.
  • This way Coinmam prevents itself from being a center of attack and also encourages self-education among crypto investors.
  • I have an issue with one transaction, that took longer than expected…
  • Daily limits last for 24 hours from the moment that the limit is reached, while monthly limits is a moving sum of the previous 30 days.
  • An international speaker and author who believes in the future of blockchain and the applications of the crypto world.

While Coinmama has high fees compared to larger platforms such as Coinbase, it more than makes up for this with its user-friendly interface and individualized customer support. There is no fee reduction at this level, but users are a part of the Coinmama team and can access support with questions on how to buy, sell, and more. As an added bonus to users, Coinmama has a loyalty program that can reduce the fees required to buy and sell. The team is well-equipped to help and can field a number of support questions. These include information and troubleshooting on how to buy and sell, account management, help with the verification process, and how to link up a wallet.

Is Coinmama safe?

Metrics include value locks, token supplies, top traded coins, gas costs and active addresses. Coinmama’s platform is operated by Cmama Ltd., which was established and registered in Ireland. All of these follow regulatory know-your-customer (KYC) and anti-money laundering (AML) procedures. Coinmama Ltd is registered as a money services business with FinCEN.

Coinmama Review

It also doesn’t have any way to earn interest on your cryptocurrency. Several exchanges offer either crypto lending or crypto staking programs, two popular ways to grow your holdings. Coinmama does have an app available on the Apple iOS App Store and Android Google Play Store (Coinmama Wallet). The app allows you to buy, sell, send and receive Coinmama Review crypto coins and tokens, with instant BTC and ETH transactions. This portion of the website includes detailed pricing and statistical information on a range of cryptos that extends beyond those offered by the company. Moreover, there is a suite of charts to map crypto performance against global index, stocks, commodity and ETF performance.

Coinmama Review Buy and Sell Bitcoin and Cryptocurrencies

Your coins are kept in an external wallet, not in your Coinmama account, so the need for mobile monitoring features isn’t that high here. Still, crypto traders looking for the convenience of a dedicated mobile app might prefer another crypto app. If you need general help with buying, selling or learning about crypto, you can also check out the Help Center. It’s a comprehensive database of explainers and resources to help you learn more about how Coinmama’s exchange works as well as how cryptocurrency works more broadly. It’s a great resource for anyone who’s new to the world of crypto. Whichever channel you use, you can expect an answer within 24 hours.

One notable feature of Coinmama is its range of payment methods. Users can choose to pay with Google Pay, Apple Pay, debit cards, bank transfers, and more. However, it’s worth noting that Coinmama does not provide a cryptocurrency wallet, so users will need to have their own wallet to store their purchased coins. Coimama accepts all fiat currencies coming from countries where it provides its services. This includes deposits and credit card purchases denominated in the most popular fiat currencies such as USD, EUR, GBP, CAD, AUD, JPY, and many others.

Coinmama Wallets

Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. Coinmama is a cryptocurrency broker/exchange that is located in Israel. Originally created in 2013, the website explains that they offer a fast, safe and fun way to buy a digital currency from anywhere in the world.

Coinmama was one of the earliest crypto exchanges and has grown into an industry leader for crypto investors everywhere. It offers a secure crypto wallet, a crypto exchange and personalized services for large investors. One of Coinmama’s highlights is the ability to get your coins almost instantly upon purchase. When a user lays down the money to buy Bitcoin or another crypto, the coins appear in their crypto wallet address once the payment method is processed. Coinmama is a bitcoinand cryptocurrency exchange where you can buy Bitcoins, via credit card, debit card or bank wire, with availability to nearly anyone in the world.

You’re our first priority.Every time.

NerdWallet’s comprehensive review process evaluates and ranks platforms and companies that allow U.S. customers to buy and/or sell cryptocurrency. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgments on which ones will best meet your needs. Market rate plus up to 3.9% for users to buy; market rate plus 0.99% for users to sell.

Coinmama Review

It was founded in 2013 and is registered in Slovakia but it was recently acquired by Wellfield, a German blockchain and finance technology company. Coinmama has over 2.4 million customers spread out across 188 countries. In conclusion of this Coinmama review we can say that this is a reputable company, so the short answer is yes, Coinmama is legit and safe to buy crypto on it. The only downfall is its high fees, which unfortunately can’t be avoided when using a credit card at the moment. However, when you enter your payment details and buy crypto on Coinmama, your coins are instantly sent to your own crypto wallet as soon as the payment goes through! Needless to say this is much safer for both you and the exchange (avoids the risk of being hacked).

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