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Coinmama typically responds within 1-2 business days. This ensures that user assets are protected from theft. As instructed, ensure that: Now take a selfie. "@type": "Answer", Users are able to purchase Coinmama supported cryptos by credit or debit card or by bank transfer. Since its foundation in 2013, it has grown to serve over 2 million customers across 188 countries and today has over 40 employees. Visit Coinmama Read review How to Use Coinmama 1. Coinmama accepts all fiat currencies, and our rate can be displayed in either USD, EUR, GBP, CAD, or AUD. A friendly experience in these days of automation! There are 10 assets available to buy, but you can only sell Bitcoin. "bestRating": "10", At the moment we do not have any payment methods available for customers residents in the following countries: Afghanistan Albania Algeria Angola Antigua and Barbuda Argentina Armenia Australia Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belize Benin Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Darussalam Burkina Faso Coinmama Review 2023: Is It Legit & Safe? | Honest Analysis - Cryptomaniaks ", LTD All rights reserved. Step 5:Congratulations! COINMAMA IS A NO NO IN THE US. Thumbs up for the excellent service guys. Coins Supported by Coinmama The following list includes the tokens and coins supported by Coinmama for the time being. When it comes to exchanges, Coinmama is often compared to Coinbase. You can unsubscribe with one click. 2. However, it is a secure platform that has successfully helped over 3 million users purchase digital assets in 188 countries. For completion of the verification process, please ensure the following: Once you have uploaded the selfie, click Looks Good. Coinmama accepts only Visa and Mastercard. Coinmama Supported Coins (2023) - Cryptowisser Coinmama Review and Best Alternatives. - Crypto Listy "acceptedAnswer": { 9 Ways to Buy Bitcoin with a Bank Account In summary: Selling Fees: These are tiered and correlate with a users loyalty program level. You will also need to enter your country of residence and provide your address and phone number. The maximum buying limits depend on your accounts verification level. A very user-friendly platform supporting both novice and experienced crypto investors. Troubleshoot here! Coinmama Supported Countries (Updated 2021) 30,000 USD, Monthly spending limit: ? If you pay with a different currency additional fees may be incurred. No advanced tools for trading Bitcoin and other cryptos. "@type": "Answer", The fees stated in this table are for credit card purchase only. There is also a comprehensive Support FAQ that covers everything you need to know about the Paxful marketplace. Belarus 17. The main aim of Coinmama is to allow people to own and control their economy, which is often impossible with the traditional financial system. From my own experience I can say that verification with Coinmama was relatively easy, and yes, they require a lot of information. "name": "Is Coinmama Legit? Please note that American Express, Discover and PayPal are not accepted. If you pay with a different currency additional fees may be incurred. If you want to view more great exchanges for buying and selling bitcoin check out our full guide. The mission of Coinmama is to empower humanity one human at a time by making it fast, safe and fun to buy digital currency, anywhere in the world. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. Countries Supported. Angola 5. Really good.. but also your information on your site was a real eye-opener! Countries with limited support: China, Russia. Coinmama Countries Supported Before making any purchase decision with an exchange always ensure to investigate the reputation of management, venture capital investors and regulatory approvals. Launched back in 2013, Coinmama is registered in Slovakia, while owners New Bit Ventures are based in Israel.. In addition, this helps us fight fraud and keep your account safe. It is a centralized service with a large user base of over a million satisfied customers. The platform is available in over 188 countries around the globe. Learn how to apply technical analysis to current market: En. Currently, all purchases are made in either USD or EUR, which is converted to the local currency following local exchange rates. The total is 0.9% cheaper than Coinmamas total fee (10.9%). Verification Time You may be wondering how long does Coinmama take to verify your account. Launched back in 2013, Coinmama is registered in Slovakia, while owners New Bit Ventures are based in Israel. Bitmex is a P2P cryptocurrencies trading platform established in 2014 by co-founders Arthur Hayes, Ben Delo and Samuel Reed, who have respective backgrounds in finance, trading, and web . Coinmama's platform is operated by Cmama Ltd., established and registered in Ireland. Unlike Coinmama, Coinbase supports a limited number of countries around the world and is known to have horrible support. Coinmama has lower fees for bank transfers, 0%, yet higher fees for credit card and debit card purchases, 5%, when compared to Coinbase which charges 1.49% and 3.99% respectively. Some of the more frequently asked questions available on Coinmama include: Does Coinmama facilitate trades between buyers and sellers? "@type": "Product", Omer was outstanding. Click on the blue Sign Up button on the top right. Payment Methods You can buy Bitcoin or Ethereum with your credit/debit card. Coinmama is available in more than 200 countries around the world, except for a few restricted areas. The only countries that Coinmama is not operational in are obviously sanctioned countries. }] Payment methods for the purchase of cryptos include Faster Payments, Fedwire, Sofot, SEPA, SWIFT, and Apple Pay. ", Supported Countries Currently CEX.IO BROKER operates the following countries: 1. Earn 15% of Coinmamas commission on all referral purchases included all their future purchases. Coinmama is an Israel-based non-custodial broker and cryptocurrency exchange that offers users a platform to buy and sell cryptocurrency via multiple payment options. The platform was established to create the simplest financial service in the crypto space. If youve had your own experience with Coinmama, Id love to hear about it in the comment section below. If you want to send Customer Support a message you can do so here. IT IS A BIG SCAM, TRAP YOUR MONEY. 42 Pearse St., Dublin D02 YX88, Ireland, Copyright 2023 Coinmama. I encourage everyone to try. This also helps keep your account safe, fight fraud, and more. Company Facts: Coinmama is one of the fastest ways to get started with purchasing Bitcoin and Ethereum with a Visa or MasterCard credit card or debit card. "brand": "Coinmama", Coinmama, based in Israel and founded in 2013, is a property of NBV International,which is a daughter company of New Bit Ventures Ltd company. "worstRating": "0" Supports the purchase of cryptos with multiple fiat money options to facilitate entry into the crypto world. This removes anonymity while protecting users. When it comes to the number of countries where Coinbase is supported, a total of 32 countries are available for you to turn to, including United Kingdom, United States, Greece, Hungary, Ireland, Italy, Jersey, Latvia, Netherlands, Norway, Liechtenstein, Malta, Monaco, Australia, Austria, Belgium, Bulgaria, Czech Republic, Denmark, Finland, Antigua and Barbuda 8. Users may also scroll down to the bottom of the exchange page to access the FAQ section, which is located under Quick Links. The more you buy or sell with Coinmama the more you save on fees. PLEASE DO NOT MAKE ANY TRANSACTIONS FROM HERE. At this time Coinmama does not allow customers to sell Bitcoins on its platform. Cons: Limited states in the US. Coinmama offers 10 coins and tokens for . In the past, Coinmama support representatives used to reply to angry commenters in the comments section of this page. As long as your account is verified, once your order is placed, your bitcoin will arrive in your bitcoin wallet in approximately 10 minutes. Omer was the BEST! Coinmama offers its services worldwide with the exception of sanctioned countries and several US states. Several email correspondences were needed to get up and going. The minimum transaction amount to buy cryptocurrency is $50. Offering a wide broad range of cryptos, Coinmama fills a much-needed void, by supporting the purchase of cryptos with fiat money. Yes. Exchange Services, Supported Cryptocurrencies & Payment Methods, https://www.linkedin.com/company/coinmama, https://www.instagram.com/coinmamaofficial/. Coinmama Review 2023 | Features + Fees | finder.com Level 3 Crypto Believer: Save 25% on Coinmama fees and enjoy queueless customer support. We hate spam as much as you do. Fill in the registration page. You may be wondering how long does Coinmama take to verify your account. A flat fee of 20 GBP is charged for users wishing to make an order below 1,000 USD. SWIFT bank transfer orders have a minimum order amount of 1,000 USD, however. Changelly takes 5% on top of the existing 5% payment processor fee. You are required to enter your full name, DOB, and sex and then click Next. For a detailed review about Coinmama keep reading this post. "@type": "Answer", No. Your email address will not be published. Coinmama makes your Bitcoin purchase nice and easy. In order to sell Bitcoin, click the Sell icon located at the top of your Coinmama page. If you have any questions about this topic, feel free to contact Support. Many more will be added soon. The image and the text of your ID are clearly readable. Key attributes of the Coinmama platform include: Coinmama has a rewarding affiliates program. Visa Mastercard Cash (via Western Union transfer) SEPA (Single Euro Payments Area) There are no additional fees for the withdrawal of coins from Coinmama. Coinmama has a presence in almost all countries, leading to an understanding of how popular Coinmama is. Depending on your country of residence, you may not be able to use all the functions of the site. Albania 3. KYC process to protect all user accounts and minimize fraud. This is lower than the 5.9% Coinmama charges. Step 3: On the next screen you will need to upload a form of identification verification front and back. Coinmama Review (Updated 2021) - The Best Details To Know Before Using While you wait, we recommend that you familiarise yourself with the platform. Payments can be made on Coinmama through Apple Pay, SEPA, SWIFT, Fedwire, and Faster Payments. Do you offer your service internationally? The monthly limit is a moving sum of the last 30 days. Step 4: From here you will be brought to the account verification page. "name": "Coinmama", Both accept credit card and debit card as a payment method and allow you to purchase Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. "name": "How Can I Contact Coinmama Customer Support? You may make a purchase via the Buy page and select the crypto of your choice from the drop-down menu, as shown below: (For demonstrative purposes, we have selected Bitcoin). Most positive reviews praise the customer support of the site. Support Email: help@paxful.com. "price": "0" Just beware before submitting your ID and credit card information. Not only is Coinmama one of the most popular bitcoin exchanges around the globe, but also it is one of the oldest that accept credit card and debit card purchases. It offers its services in more than 188 countries worldwide, which includes the UK, Europe, and most US states. In Coinmamas case, the company has made ongoing efforts to reduce their fees as much as possible. Credit or Debit Card: 5% momentum fee: Locked rate and fast delivery that is instant. Poloniex caters mainly to U . IT IS WRITTEN CLEARLY IN THE WEBSITE USERS FROM THE US CAN SELL THE BITCOIN ONLINE https://www.coinmama.com/blog/how-to-cash-out-your-bitcoin/. Yes. The team behind Coinmama is top notch and they have an entire page devoted to the employees of the platform. Check your email for a verification confirmation email. "@type": "Question", Your personal details and documents are encrypted, and your credit card details are not stored anywhere on the Coinmama website or servers. On the other hand, brokerage services are usually more expensive. The more you spend on Coinmama the greater your savings overall on fees. Buy & Sell Limits Here are the daily spending and cyclical limits for liquidity on Coinmama exchange. They were and are SPLENDID! "name": "Is Coinmama A Bitcoin Wallet? In this review Ill cover the company, its services and also compare it to other leading brokers. This includes name, email, password, and country of residence. As a financial service, Coinmama is committed to the highest security and privacy standards. Receive unlimited Bitcoin. "@type": "Question", "reviewBody": "An Inside Look At The Coinmama Cryptocurrency Exchange What Is Coinmama? Supported crypto coins: 90+ Coinbase prides itself on giving you an easy and simple platform to buy and sell cryptocurrency. And they boast 68+ million users in 100+ countries , making them one of . Sell Us Your Bitcoin - Coinmama Support Restricted countries and states - Coinmama Support Level 3 Requires filling a short form. Coinmama is one of the most popular bitcoin exchanges around the globe, and also one of the oldest that accepts credit card and debit card purchases. In order to maintain your Believer status. Any person with a valid Visa or MasterCard card issued in a non-sanctioned . Anguilla 6. Coinmama Review - 4 Things to Know Before Using (2023 Updated) Coinmama. Click on the blue 'Sign Up' button on the top right. You must make a cumulative purchase amount of 18,000 USD over a 90-day rolling period. 4. The company focuses on customer experience and customer service so that transactions are super quick (user verification takes around 30 minutes). Simple: I opened an account recently to buy Bitcoin. Supported Countries | CEX.IO Broker SWIFT, SEPA and Faster bank transfers incur no fee. rather than a credit card, thats even better since youll save 5% in total fees. Supported Countries / States. 5 / ? } 99 Coins International PTE. ", Coinmama charged an extra 5% when purchasing through credit cards besides normal purchasing fees. } See this guide for more instructions on how to place an order. Ru. Users can either make purchases by credit or debit card or via fund transfers. These fees include the broker fee only. He deserves a promotion. We currently support instant credit and debit card purchases of cryptocurrencies in the following countries: . },{ "name": "What Payment Methods Are Available On Coinmama? they are scammers. This can be anything from a drivers license to a passport. Powered by Siteground. Apart from two of the above IDs, you will also need to upload a utility bill. For demonstrative purposes, we will keep going with the desktop. Coinmama Review 2023: Features, Fees, Pros & Cons Explained Thank you for your swift reaction and fantastic support. Coinmama is currently available in more than 180 countries worldwide, including Australia, and it also accepts all local currencies. The different cryptocurrencies supported on this platform include Bitcoin, Cardano, EOS, Bitcoin Cash, Etherum, Ethereum Classic, Qtum, Tezos, and Litecoin. "name": "What Is Coinmama? At this stage, Coinmama will proceed with the verification process and notify you by email upon completion. The company allows users to make crypto purchases using various fiat currencies and payment platforms. Fees: Simplex, Coinmama's credit/debit card processor, charges a 5% additional fee (with a minimum cap of USD 10) on each transaction. }. We strive to keep the list as up to date as possible, so we review it at least once a week. Some of the supported countries on the exchange platform are Australia, Denmark, Iceland, France, Nepal, Malta, Indonesia, United Kingdom, Lebanon, Mexico, Libya, Sweden, and others. Heres what Ill cover: Coinmama was established in 2013 in Israel and has since grown to serve over 3.1 million customers in 188 countries with over 35 employees. ApplePay: Allows millions of Apple users a seamless experience when buying Bitcoin. 30,000 USD / ? Level 2 Crypto Enthusiast: Save 12.5% on Coinmama fees. Those limits will depend on the payment method of your choice. } You will require the following: When ready to proceed, click Complete My Profile as shown below. Fees Although Coinmama provides convenience and speed, there may be fees & charges as well. Coinmama states that verifications should take from 30 minutes to up to one hour. Coinmama's team has placed emphasis on customer support throughout the platform, which will be touched on later in this review. My Order Did something go wrong with your order? "@type": "Question", Level 2 You need to submit a secondary ID. This can be located under the Marketing Tools tab in your Coinmama account. Before making any purchase decision with an exchange always ensure to investigate the reputation of management, venture capital investors and regulatory approvals. Coinmama is a leading Cryptocurrency service provider that was established in 2013. Had a question about transaction processing time, and it was answered promptly, accurately and by a human being! Coinmama Support You need a cumulative purchase amount of 5,000 USD over a 90-day rolling period to maintain status. Yes. Coinmama sends your crypto within minutes after both your payment and wallet address have been confirmed. "@type": "Answer", Users must complete the verification process to buy and sell cryptos. The company also operates in the United States . Youre holding both the ID and the paper note yourself. Aland Islands 2. Argentina 9. You may either chose one of the Bitcoin packages on offer or you may choose the amount of Bitcoin you wish to purchase by entering the amount of Bitcoin or USD equivalent. All cryptos are immediately transferred to the purchasers specified wallet upon purchase. Coinmama does provide users with the QR code and download link for ZenGo in case you do not have any crypto wallets. These methods are: Cryptocurrency transfer Bank transfer Alipay Users funds and cryptos are not held directly by Coinmama. However I could buy a Mobile Wallet thru, BRD, with no hard Verification Process! Since the genesis, Coinmama is trusted by over 2,300,000 people across 197 countries. TradeBlock XBX lists an average of known provider rates, to which Coinmama adds 2% (Std Dev) and includes Coinmamas commission fee of up to 3.9%. Coinmama review 2022 | Features, fees & more | Finder Malaysia Choose your payment method (credit card) and enter your details to complete the sale. Azerbaijan 13. 10, Maximum number of monthly orders: ? Every new customer to Coinmama must submit verification for their account. It is important to note that, while users can buy the most popular cryptos, users can only sell Bitcoin. It is your responsibility to follow those rules and laws in your country of residence or in the country from which you access this site and service. Please refer to our FAQ on debit and credit cards for the full list of accepted regions. As long as your account is verified, once your order is placed, your bitcoin will arrive in your bitcoin wallet in approximately 10 minutes. The following cryptocurrencies are supported by Coinmama and can be purchased instantly with a credit card, debit card or bank transfer: Coinmama is one of the oldest bitcoin brokers in the business. Also, it seems that the exchange rates Changelly uses are cheaper than Coinmamas, so overall you can save up to around 3% by using their service. Once you have completed the payment details, complete the transaction. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. Step 2: On the next screen you will find a screen where you can enter your personal details such as email, password, first name, last name, country of residence and possibly your state of residence as well. Coinmama Review 2023: Pros, Cons and How It Compares Usually, it takes between 5 to 15 minutes for your Coinmama account to verify successfully after uploading your documents. The base price is calculated from TradeBlocks XBX index. All rights reserved. ", Certain countries are also served by a third party, rather than directly by Coinmama themselves. Armenia 10. "acceptedAnswer": { "text": "Coinmama is headquartered in Slovakia, Europe. "@type": "Question", In order to contact customer support, click the Help icon that is located at the bottom right of your Coinmama page. This is the account verification process. Thats why I make it a habit to actually read through the reviews and see what people are complaining about. Upon completion of a crypto purchase, all coins are remitted directly to your external wallet. Some would argue that Binance has an easier KYC process, but Ive actually experienced it the other way around. Coinmama support is the best in the world. 42 Pearse St., Dublin D02 YX88, Ireland Buy Crypto Buy Cryptocurrency Buy Bitcoin Buy Bitcoin with Bank Account Buy Bitcoin with SWIFT Buy Bitcoin with SEPA Buy Bitcoin in Australia Quick Links How It Works Academy FAQ If any of them succeeded, the company would have gained more control over the Bitcoin network. Bitcoin Cryptocurrency for Beginners in Ivory Coast Cryptocurrencies Supported The following cryptocurrencies are supported by Coinmama and can be purchased instantly with a credit card, debit card or bank transfer: Bitcoin Ethereum Ripple Litecoin The minimum amount of Bitcoins you can buy is 50 USD or the equivalent in EUR/GBP/AUD/CAD/JPY. "@type": "Question", Coinmama has a simple interactive UI that would support your daily use of Coinmama. For regulatory compliance, some countries and US States are served by a third party, while a handful are not supported at all. For most bank-based payment methods like SEPA or Zelle the trade limit is 0.5 BTC . Coinmama is currently available in 226 countries worldwide, and it also accepts all local currencies. Cryptos offered on the Coinmama exchange include Bitcoin (BTC), Bitcoin Cash (BCH), Cardanos ADA (ADA), EOS (EOS), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Qtum (QTUM), and, Tezos (XTZ). Signup - Coinmama Your Coinmama account is set up and ready to go. Coinmama provides a very simple to use platform supporting the purchase of cryptos. Since launching in 2013, Coinmama has amassed a total of 2,300,000 users across 197 countries. Users from accepted countries, including Australia, Singapore, Europe, the UK, Canada, New Zealand, and the US, can quickly and safely purchase cryptocurrency using Coinmama. Coinmama accepts a variety of payment methods for 6 different fiat currencies, and provides multiple purchase options for customers. 1 minute read. It saddens me to see they have recently stopped doing so. Users claim that Coinmama requests a ton of information and in some cases rejects applications without giving proper explanation why. "priceCurrency": "USD", Overall, transactions with Coinmama are simple, secure and show up immediately in your wallet, which makes it an excellent option for those who want to buy cryptocurrency instantly and securely. "text": "Available payment methods on Coinmama include debit card, credit card, and bank transfers (including SWIFT and SEPA). The process of buying coins from Coinmama goes as follows: As soon as your payment clears, Coinmama sends you your coins. Bisq Rates and Buying Limits. Requiresa valid government-issued IDand aselfie of yourself holding that ID and a note with Coinmama and todays date written on it. Fees on buys made on Coinmama incur incredibly high fees of 2.93-3.9%. "@type": "Answer", "author": {"@type": "Person", "name": "Jeffrey Ito"}, All transactions are between the user and Coinmama. For credit card and debit card transactions, there is an additional 5% processing fee added on after choosing a method of payment. Here's how it all works: Step 1: Create and Verify your Account Before you purchase any bitcoin with Coinmama, you need to create an account and verify your identity. See this guide for more instructions on how to place an order. We also partner with third-party platforms to complete transactions in select areas that we're currently unable to serve directly & offer our very own Non-custodial wallet for IOS & Android devices New to Coinmama or don't have a verified account yet? Australia 12. I truly appreciated her kindness and help to navigate this new crypto journey my husband and I are on. Coinmama has a complete help center and also a dedicated support channel via email.