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. There is a USD15,000 limit on the purchase of cryptos by credit or debit card. If you are an experienced trader in cryptocurrencies, the primary benefit of using Coinmama will be the quick delivery of coins that you have acquired into your trading account. If you live in the EU, you may also sell Bitcoin and receive cash using a SEPA transfer if you want to do so.
Coinmama Services
Choose a payment option from the multiple choices available, such as Google Pay, Apple Pay, bank transfer, credit card etc. After sending the required funds to the exchange, Coinmama sends the tokens straight to the user’s wallet address, eliminating the risk of hackers stealing client funds. In addition, the non-custodial service offered by Coinmama means users can send their purchases directly to a preferred hardware wallet, perfect for the security-conscious crypto enthusiast. While Coinmama makes it simple to buy and sell cryptocurrency, there is a lack of advanced features on the platform. As such, anyone looking for features like margin trading, staking, or copy trading will need to find another cryptocurrency exchange.
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The trader’s wallet will be credited with the newly acquired coins as soon as the customer hits the “Buy Now” option and provides the necessary payment information. In our Coinmama review, we’ll go over all of the details about this exchange. We must mention in our Coinmama review that even though Coinmama is not one of the top crypto exchanges, they mainly evade media scandals or news that might involve them. However, they do have a positive reputation, according to user reviews.
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- Although Coinmama keeps its exact security measures under close wraps, the platform offering two-factor authentication and being non-custodial helps to keep users safe.
- This Coinmama review will provide you with all the information you want about the exchange, including a discussion of how it fares in comparison to other companies in the same sector.
- Let’s get into our Coinmama review by starting with the service they provide.
- Unlike traditional brokerage firms, cryptocurrency exchanges are not members of the Securities Investor Protection Corp. (SIPC).
- It gives monthly buying and selling limits of $15,000, $50,000, and $100,000 in level 1, level 2, and level 3, respectively.
It’s good to note that the Coinmama team responds considerately to every Trustpilot review. This Coinmama exchange review will help you decide if it’s the right fit for you. We update our data regularly, but information can change between updates. Confirm details with the provider you’re interested in before making a decision.
Users will also pay spread fees, called “rates” on Coinmama, and may be subject to other fees depending on the payment method they use. Buy cryptocurrency with credit https://www.tokenexus.com/ card, debit card, or directly from your bank account. Follow the instructions to enter your payment details or to initiate a bank transfer from your account.
- After each step of verification, the maximum number of messages that may be sent increases.
- In other words, this fee is charged when you place a limit order to sell an asset, but that order is not filled immediately.
- U.S. users have two payment options, both of which have limitations.
- You can use Coinmama’s help center to help troubleshoot issues.If you need to contact someone from Coinmama, you can do so via a contact form or via email.
- It goes against our guidelines to offer incentives for reviews.
We will discuss more about the payment methods in our Coinmama review in detail. Coinmama operates in a straightforward manner to allow you to buy cryptocurrencies using fiat currency. That’s the only service that Coinmama offers to most individuals. For those looking to learn how to buy cryptocurrency, this crypto exchange makes it easy. All Coinmama users need to do is have a payment method such as a Visa or Mastercard credit or debit card, and you can buy coins, store them, and wait to see if they increase in value. Coinmama is a basic, easy-to-use cryptocurrency exchange where you can buy a small selection of cryptocurrencies.
