It is recommended that you do not store your bitcoins on Coinmama for an extended period of time and instead consider moving them to a secure cloud, smartphone or hardware wallet such the Trezor One. Name Ticker Launch Year Bitcoin BTC 2009 Visit Litecoin LTC 2011 Visit EOS Token EOS 2017 Visit Ethereum ETH 2016 Affiliates can: Becoming an affiliate is fast and easy. Since its foundation in 2013, it has grown to serve over 2 million customers across 188 countries and today has over 40 employees. but may require additional identity verification Other supported countries and territories: UK, Switzerland, Norway, Monaco, Montenegro, Serbia, Turkey, Andorra, Moldova, Gibraltar, Iceland, Greenland, Liechtenstein, Isle of Man . If you have general issues feel free to send an email to the support staff or submit a ticket here. "name": "Is Coinmama Legit? The company allows users to make crypto purchases using various fiat currencies and payment platforms. Coinmama is more of a brokerage than a crypto exchange. The team behind Coinmama is top notch and they have an entire page devoted to the employees of the platform. Coinmama is one of the oldest bitcoin brokers in the business. Thank you for your swift reaction and fantastic support. Just beware before submitting your ID and credit card information. As a financial service, Coinmama is committed to the highest security and privacy standards." With Coinmama, users are able to sell Bitcoin, even if purchased elsewhere and receive fiat money directly in their bank account. See this guide for more instructions on how to place an order. Coinmama does provide users with the QR code and download link for ZenGo in case you do not have any crypto wallets. "acceptedAnswer": { Strong emphasis on security as a crypto platform falling under the purview of FINCEN. Join Coinmama today. Coinmama lets you buy Bitcoin worth up to $150 without uploading any pictures or ID. Coins Supported by Coinmama The following list includes the tokens and coins supported by Coinmama for the time being. While you wait, we recommend that you familiarise yourself with the platform. "text": "Coinmama is a cryptocurrency exchange that specializes in credit card, debit card, and cash purchases for verified customers in countries all over the globe. Coinmama is the only crypto service, of any kind {besides, BitPay} I have been able to get a full verification with so far Coinbase said yes and then backed down. Most credit transactions will also have a credit clearing fee of between 3%-5%. Prohibited Countries. , by wire transfer (SWIFT, SEPA, Fedwire and FasterPayments) as well as through Apple Pay, The prices you see on Coinmamas website already include the companys brokerage service fee of up to 5.9% for buying crypto and 2.9% for selling. Your email address will not be published. They were and are SPLENDID! Coinmama does not provide users with wallets on the exchange. Coinmama has a simple interactive UI that would support your daily use of Coinmama. Coinmama does recommend that users enable 2-factor authentication on any wallet apps, however. You then need to provide your bank details. This is the account verification process. The minimum amount of Bitcoins you can buy is 50 USD or the equivalent in EUR/GBP/AUD/CAD/JPY. "name": "What Payment Methods Are Available On Coinmama? Secured by Sucuri. If you have any questions about this topic, feel free to contact Support. "@type": "Answer", We strive to keep the list as up to date as possible, so we review it at least once a week. Both companies are regulated entities registered as Money Service Businesses with FinCEN. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. Users from accepted countries, including Australia, Singapore, Europe, the UK, Canada, New Zealand, and the US, can quickly and safely purchase cryptocurrency using Coinmama. Users claim that Coinmama requests a ton of information and in some cases rejects applications without giving proper explanation why. There are no wallets on the site, meaning that any purchase made is sent directly to the purchaser's wallet address of choice. The process is fast. Enter your ID number as well as the ID expiration and issuing country. Having reviewed over 20 exchanges by now, I know that when people leave reviews online its almost always negative reviews because they are pissed off about something. 4. No. The platform is available in over 188 countries around the globe. Verification time takes between 5 to 15 minutes. Both accept credit card and debit card payments and allow you to purchase Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Only Visa/MasterCard are supported. Coinmama is supported in over 190 countries and is constantly adding more (view list). Coinmama, based in Slovakia and founded in 2013, is a property of NBV International, which is a daughter company of New Bit Ventures Ltd company. You might have limited functions in some countries but overall, the service is available in the widest range of countries. The fees stated in this table are for credit card purchase only. Coinmama supplies a brokerage service for Bitcoin and other cryptocurrencies. The following cryptos are available for purchase on Coinmama: Bitcoin (BTC), Bitcoin Cash (BCH), Cardanos ADA (ADA), EOS (EOS), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Qtum (QTUM), and Tezos (XTZ). If youve had your own experience with Coinmama, Id love to hear about it in the comment section below. Across all these places, it has more than 3.1 million users. Once you have clicked Buy Now, you will be prompted to enter your target crypto wallet address and choose your payment method. Lastly, you will need to take a selfie with your ID and a note with todays date and the word Coinmama. I truly appreciated her kindness and help to navigate this new crypto journey my husband and I are on. 2022 Lithium Gold Ventures, LLC. 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. Choose your payment method (credit card) and enter your details to complete the sale. Accepted utility bills include electric, cable, gas, water bills, property tax, bank statements or credit card statements (paper bill or internet bills are not accepted). "name": "Coinmama", The executive team consists of Asaph Schulman (CEO), Nimrod Gruber (Co-Founder), Martin Koelbaek (CHO), Guy Ben-Yossef (CFO), Yaki Oliel (CRO). She deserves 10 stars! 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, Buy & Sell Limits Here are the daily spending and cyclical limits for liquidity on Coinmama exchange. }] Learn everything you need to know about Bitcoin in just 7 days. "@type": "Question", No. Certain countries are also served by a third party, rather than directly by Coinmama themselves. they are scammers. To qualify you must have been purchasing cryptos for at least 30-days. You are required to enter your full name, DOB, and sex and then click Next. Use the search option to find the answer to your question. The maximum buying limits depend on your accounts verification level. Since launching in 2013, Coinmama has amassed a total of 2,300,000 users across 197 countries. These methods are: Cryptocurrency transfer Bank transfer Alipay It provides users with a platform to purchase Bitcoin and Ethereum using credit and debit cards. Buy Bitcoins with your bank account through Coinmama. 30,000 USD, Overall account spending limit: 1,000,000 USD, Daily spending limit: ? If Coinmama is not serving your state, you have other alternatives such as Paxful, CEX.IO and/or Coinbase. "@type": "Answer", } Sign up for a Coinmama account and get verified for purchase. As long as your account is verified, once your order is placed, your bitcoin will arrive in your bitcoin wallet in approximately 10 minutes. 2023 Coinmama Exchange Review: Leadership Page. Yes. This particularly important in the volatile world of crypto. However, it imposes limits on trade amounts to discourage fraud using fiat money. "@type": "Question", Coinmama is one of the Slovakia-based cryptocurrency exchanges offering bitcoin buying in 200 countries and dozens of states. "@type": "Answer", Start with as little as $50 Pay by credit card, debit card, or bank transfer Get Started Get started in minutes Level 3 Requires filling a short form. i have complained at my bank and even reported it to the police. } COINMAMA IS A NO NO IN THE US. You may be wondering how long does Coinmama take to verify your account. Coinmama has a complete help center and also a dedicated support channel via email. Total cumulative crypto purchases at Level 1 verification are also capped, at 15,000 USD. It is a centralized service with a large user base of over a million satisfied customers. The transaction will always be between you and Coinmama. 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%. "name": "What Countries Does Coinmama Support? ", Armenia 10. In terms of supported currencies - also Binance with its hundreds of supported coins. Daily limit: 5,000 USD/EUR Monthly limit: 20,000 USD/EUR The daily limit lasts 24 hours from the moment an order is placed. . The customer support is speedy, and the website offers a comprehensive support section for users. Coinmama, one of the world's oldest Bitcoin Broker, has its headquarters located in Slovakia. As a financial service, Coinmama is committed to the highest security and privacy standards. We're continually adding more, so make sure to check back in every once in a while for updates. Bisq Rates and Buying Limits. "name": "Is Coinmama A Bitcoin Wallet? It is a great platform for people who are just starting out with Bitcoin and want to see how it works. "name": "Coinmama", You are required to provide your wallet details during the transaction process. At this time Coinmama does not allow customers to sell Bitcoins on its platform. Coinmama has been able to gain popularity in the world of crypto exchange platforms with the help of its simple user interface. 42 Pearse St., Dublin D02 YX88, Ireland, Copyright 2023 Coinmama. Coinmama is an international cryptocurrency exchange. Please refer to our FAQ on debit and credit cards for the full list of accepted regions. Ru. Since the formation, Coinmama has reached millions of customers in over 190 countries. Coinmama's platform is operated by Cmama Ltd., established and registered in Ireland. Stay in touch. They have a Help Center where you can search to find answers to your question/s. The platform is easy to use and sends coins immediately following payment. For completion of the verification process, please ensure the following: Once you have uploaded the selfie, click Looks Good. I will be doing a lot of reading before i continue .. Coinmama is an amazing platform. Users can click the Chat link and search by topic for filed articles. In order to get started with buying bitcoins on Coinmama, here are the steps you will need to take: Step 1: Visit the Coinmama home page. ", "@type": "Offer", Heres a short comparison of Coinmamas brokerage service compared to other popular services around. Any person with a valid Visa or MasterCard card issued in a non-sanctioned . Antigua and Barbuda 8. Earn 15% of Coinmamas commission on all referral purchases included all their future purchases. Coinmama is one of the most established exchanges on the market. Pros: Good support, relatively quick verification process. Simply register and direct referrals to the Coinmama site with your customized referral link. 5 / ? Coinmama ensures speed of delivery, with cryptos reaching buy wallets within minutes. Crypto assets are highly volatile and largely unregulated. "acceptedAnswer": { Coinmama accepts a variety of payment methods for 6 different fiat currencies, and provides multiple purchase options for customers. 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? 100,000 USD. Server time: 2023-02-18 23:00:24 Which payment methods are accepted? If you have any issues setting up your account, the Coinmama support team can help you through the process. A very user-friendly platform supporting both novice and experienced crypto investors. At the end of this post you can see how Coinmama compares to other exchanges. Albania 3. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. In order to change the purchase currency, simply go to the current dropdown menu and select your preferred currency. "@type": "Question", Fees. "text": "Yes, Coinmama functions as a full-featured wallet for protecting your cryptocurrency. } This is an important feature to consider, since sometimes a day or two can mean large price fluctuations. 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. 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