While it doesn’t allow people to trade cryptocurrency pairs, the exchange is worth considering for anyone looking to spot-buy BTC, ETH, XRP, and a handful of other popular cryptos. It’s tricky to find details of fees on the Coinmama website, but it is information quickly revealed from Coinmama documentation with a quick Google search. As Coinmama is an MSB (Money Services Business), you must provide the details as asked for KYC reasons. Providing your email address, full name, address, and other relevant information helps to protect your account. It’s a good idea to create a strong password and then submit your application. Below is a quick overview of the Coinmama cryptocurrency exchange.
SEPA credits land within one business day for customers in the euro zone, while SWIFT deposits from other regions settle in two to three days. The minimum order sits at fifty United States dollars, and the daily ceiling for a Level One account reaches fifteen thousand. 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.
- The fee charged by Coinnmama for buying and selling crypto is far higher than most other crypto exchanges.
- You either love or hate them, and there would be little point as your cryptos aren’t on the Coinmama system.
- Coinmama does not store your bank card details, and there is no requirement to add a bank account.
- Coins move straight to the wallet address you enter during checkout, and the firm never holds your private keys.
- The design and arrangement of the website are orientated for beginners purchasing Bitcoin or other altcoins for the first time.
Visa, Mastercard, and Google Pay clear small purchases in roughly two minutes, making them handy for buyers who want quick fills. Card deals carry a five percent processing surcharge plus the standard Coinmama fees that average five and a half percent on the coin price. Wire transfers appeal to larger orders because the commission drops to two percent when the ticket exceeds five thousand United States dollars.
Designed for beginners
Buying crypto is legal in most countries, but the rules differ from place to place. We recommend checking the legislation around buying cryptocurrency in your country of residence. Just enter your card details as a payment method within the app or via yor account. You can even buy crypto using the Coinmama Wallet available now on Android and iOS. It may seem inconvenient that Coinmama doesn’t provide an online wallet.
This is a personal choice and there are coinmama exchange review many factors to consider. Bitcoin is the olderst cryptocurrency with the biggest market cap and is a popular choice with first-time investors. While Bitcoin is generally considered less risky than other ‘altcoins’, Coinmama has a broad range of top digital assets to choose from.
Customer Support and Education
- There is no fussing around with deposits into an online account, before buying on a market, and then transferring the crypto to your personal wallet.
- From productivity to customization, learn how to get things done more quickly with your browser.
- Having access to a substantial number of assets is crucial for anyone wishing to buy and sell crypto.
- It’s uncommon to find a cryptocurrency exchange with rave reviews, but Coinmama succeeds where others fail, proving a solid commitment to its users.
The details provided by new customers are checked manually and can take anywhere from 30 minutes to a few hours to be confirmed. Buying crypto refers to the process of purchasing cryptocurrency using fiat money, such as dollars or euros. This can be done through services like Coinmama and other exchanges or marketplaces. Once your wallet address and payment are confirmed, you should receive your coins in minutes. Coinmama was hacked in 2019, when 450,000 email addresses and hashed passwords were leaked.
Overall Feedback: Excellent
Verify the padlock icon, which shows the HTTPS certificate is valid, so your personal details and payment information travel over an encrypted channel. Using a secure Wi‑Fi network instead of public hotspots lowers the chance of packet snooping during account creation. Coinmama is a well-known fiat to crypto currency exchange that has become popular in the industry.
Coinmama Review 2025
Create a twelve‑character password that mixes upper‑ and lower‑case letters, numbers, and a symbol. This action forms your first defence in keeping the new Coinmama account safe from brute‑force attacks and credential stuffing bots. There is no guarantee that any crypto asset will have at any time in the future certain value (if any) or market liquidity. Crypto assets are at risk of losing substantial (or all) value within a short time period. It can be used as an investment vehicle, a peer-to-peer currency, or simply as a way to experiment with new technology.
This short window shields you from sudden price changes yet keeps spreads tight compared with slower card gateways. Coinmama states that 90 percent of Level One applications finish in under two hours. During peak evenings in the United States, the queue may stretch to six hours, so plan ahead if you aim to catch a specific market dip. The Coinmama platform shows a progress bar during each stage so you know exactly which personal details remain missing. To speed up approval, use high‑resolution scans and avoid glare on the ID photo. Don’t invest unless you’re prepared to lose all the money you invest.
Coinmama’s trading fees are 0.1% to 0.9% plus the 2% spread to sell cryptocurrency. Furthermore, an additional spread fee charged at 2% above the market rate is used to offset volatility. Coinmama is a straightforward exchange that beginners will likely have no trouble using. The initial sign-up process requires that a user enter an email and password.
While the platform has found itself in hot water for past security breaches, the Coinmama team has worked hard to improve its security. Headquartered and registered in Ireland, Coinmama is a beginner-friendly platform that enables users to buy and sell crypto without hassle. However, the platform’s lack of features and high fees could cause issues for some. If you’re buying Ethereum or bitcoin for the first time, it’s important to educate yourself about the technology and its potential use cases.
This is a high-risk investment and you should not expect to be protected if something goes wrong. By understanding the technology behind Bitcoin and other cryptocurrencies, you can make informed investment decisions and contribute to the growth of the ecosystem. Typically, cryptocurrencies are open source, and the transactions are based on blockchain technology. When certain information isn’t readily available, a newbie might ask, “What are they hiding?” for example, the website does not list Coimama fees.
Millions trust Coinmama as their crypto exchange
Coinmama differs from many other cryptocurrency exchanges, so what does it offer? If you are after a safe and quick way to buy and sell the most popular cryptocurrencies, then Coinmama is the crypto marketplace you should use. Investors that prefer to remain anonymous will need to choose a non-KYC crypto exchange to buy crypto. The Coinmama exchange is one of the most well-respected names in the cryptocurrency industry and is now available in over 188 countries.