Coinmama Reviews

Coinmama

Coinmama is one of the leading cryptocurrency exchange. on coinmama exchange, you can buy Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin cash, Cardano, Qtum and Ethereum Classic coins. Coinmama established in 2013 and its headquarter was in Israel. Coinmama has seen a massive surge in its popularity since its establishment. It has achieved over 1 million users till now. Coinmama is a popular exchange across the world that’s why it has customers at 180 countries. Currently, the Coinmama company registered at Slovakia.

Why Choose Coinmama:

The Top Reasons To Choose Coinmama Over Multiple Options Are

  • Buy Bitcoin directly:- here you can buy Bitcoin direct where on other exchanges you buy Bitcoin from third parties.
  • Process is fast:- Bitcoin trade on coinmama is fast and simple as they include no middleman between coin authorities and exchange.
  • Worldwide availability:- So that you can trade from any corner of the world.
  • Flexible buying Limit:- Daily buying limit for bitcoin is between $60 to $5000. That means you can buy minimum 60 USD worth of bitcoin. Monthly buying limit is 20,000 USD. However, after verification you can increase your buying limit.
  • Multiple Coin support:- Coinmama support all the popular coins including BTC, ETH, XRP, etc.
  • Convenient Payment Options:- Customer can make payments by Debit and credit card issued by visa or Mastercard. Payment by SEPA also can be done, this option is added recently.

Coinmama Exchange pro and Cons

Pros:

  • Sells you coin directly.
  • Simple and fast brokerage service you don’t need to search for buyers.
  • Multiple payment options, payment can be done by credit card.
  • Can do low purchase at $60.
  • Worldwide presence.
  • Accept payment from SEPA with 0% processing fee.

Cons:

  • High brokerage:- Coinmama charges highest brokerage than other prime exchanges. Where Binance charges 3.5% brokerage, Coinbase charges 3.99% and Bitstamp charges 5%. If you made payment by credit card exchanges charge credit clearing fee 3%-5% other than Coinmama, while coinmama charges 5% as credit card processing fee. which means you have to pay a total of 10.9% extra other than coin’s value.
  • Coinmama does not accept American Express, Discover and PayPal.

Coinmama is a legitimate organization and provide excellent support to its customers. The exchange has a lot of positive features but only one demerit that charges the highest brokerage in the industry. For credit card processing fee also higher than other exchanges. But sometimes you can afford a higher rate for swift and quality service. By avoiding credit card payment you can avoid some charges.