Coinmama Reviews Read Customer Service Reviews of coinmama com

Coinmama Review

NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Our estimates are based on past market performance, and past performance is not a guarantee of future performance. Eliot is an experienced freelance copywriter who specialises online. After discovering Bitcoin he quickly became fascinated with cryptocurrency and the blockchain industry. He is excited to work towards a future that includes digital currencies in the wider world.

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  • You can protect your account with a strong password on the user side of things, but there is no option to add two-factor authentication (2FA).
  • Unlike many of its competitors, Coinmama does not provide an online wallet for users to store their cryptocurrency on the exchange.
  • It is important to note that Coinmama does provide exchange crypto wallets to house purchased cryptos.
  • As always Coinmama support staff are the best above all the rest.

7,847 People Used

Plus, it allows users to buy cryptocurrency with a debit card, credit card, Apple Pay, or bank transfer, with instant coin delivery. Founded in 2013, Coinmama has been a long-time choice for consumers wanting a fast way to 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. The site is available for almost everyone, serving 226 countries and the majority of U.S. states.

Supported Countries / States

Coinmama Review

For customers interested in purchasing lesser known cryptocurrencies, buying large amounts or actively trading, you’re better off heading to an exchange. The price is based on current market values, with Coinmama’s 6.15% fee included in this pricing. For credit/debit card transactions, the payment processor will charge an additional 5.65% service fee.

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I heard about “coinmama” and decided to…

Coinmama is a simple and secure platform, which continues to grow and is competitive. It has a dedicated help center, where you can also use the search option to find the answers to your queries. After initial verification users will be able to purchase cryptocurrency immediately, with deliveries of orders taking place within minutes of an order being placed. Also, it is very easy for beginners to buy cryptocurrencies via Coinmama because everyone prefers using cards while buying things these days.

Very competitive trading fees

This Coinmama exchange review will help you decide if it’s the right fit for you. The support is typically quick to respond, and you should receive your answers within several minutes. The broker does not have a mobile app yet; however, its website is responsive and simple enough to access and use via your smartphone. More information about Coinmama’s current team and vacations can be found here. However, eight states and territories within the US are restricted from using Coinmama’s services due to local regulations and rules. The restricted areas include Hawaii, New York, American Samoa, Guam, Northern Mariana Islands, Puerto Rico, United States Minor Outlying Islands, and Virgin Islands.

Coinmama Review

Coinmama Review

Of course, you need to be aware that they are effectively a currency exchange at this point so the rates won’t be as favorable as the open market price. With Coinmama, users are able to sell Bitcoin, even if purchased elsewhere and receive fiat money directly in their bank account. Once you have completed the payment details, complete the transaction. Your crypto wallet will then be funded with the cryptos that you have purchased.

As soon as your payment clears, Coinmama sends you your coins. This is an important feature to consider since sometimes a day or two can mean large price fluctuations. To protect both parties from this, Coinmama “locks” the Bitcoin price for you as soon as you submit your order. From my own experience, I can say that verification with Coinmama was relatively easy, and yes, they require a lot of information. However, these are just standard Know Your Customer (KYC) and Anti Money Laundering (AML) policies that most legit exchanges must adhere to. strives to keep its information accurate and up to date. The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product’s website. Coinmama supports users Coinmama Review with 24/7 access via email or telephone, which positions it well in the cryptocurrency space when compared to other exchanges. If we’re going to nitpick a little, Coinmama could be more transparent concerning security and protection for its customers.

  • Both Coinbase and Coinmama offer the use of credit cards, but this comes at a price.
  • They contacted me about my issue, before I had a chance to inform them!
  • We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations.
  • Users will also pay spread fees, called “rates” on Coinmama, and may be subject to other fees depending on the payment method they use.
  • Coinmama is a reputable company, and their support is pretty good.
  • Below is a quick overview of the Coinmama cryptocurrency exchange.
  • Coinmama users are able to freely insert the exact amount of USD, EUR, GBP, CAD, AUD, or JPY to purchase crypto.

Once your ID has been accepted, you can buy Bitcoin and Ethereum by going to the ‘Buy Bitcoin/Ethereum’ tab. Select the amount you’d like to purchase and provide your wallet’s address (more info on wallets available here). After you’ve input your payment details and they’ve been accepted, your cryptocurrency will be sent to the specified wallet immediately.

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