Coinmama Reviews

Coinmama

Coinmama is one of the leading cryptocurrency exchanges. On Coinmama exchange, you can buy Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Cardano, Qtum and Ethereum Classic coins. Coinmama was established in 2013 and is headquartered in Israel. Coinmama has seen a massive surge in its popularity since its establishment. It has achieved over 3 million users till now. Coinmama is a popular exchange across the world that’s why it has customers in 180 countries. Currently, the Coinmama company is registered in Slovakia.

Coinmama is a financial service company that helps users to buy digital currency safe and fast. Users from all over the world can buy or sell digital currency instantly. Crypto or digital currency is the future of money. Hence, Coinmama is working with a vision to reach everyone, who wish to earn crypto assets. The company works with a customer-centric approach, result-oriented teamwork, Growth centric mindset and with an innovative approach. 

Coinmama Account

Creating an account on the Coinmama platform is very easy. The user interface of the web portal is simple and easy to navigate. After creating a Coinmama account, one can start buying crypto-assets like Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dogecoin and Ripple, etc. Before starting with Coinmama, one should read the ‘Terms of Conditions’ carefully, to understand the pros and cons. The step by step guide to open a Coinmama account and login process are given below.

Coinmama Sign Up

  • Open the official Coinmama Website i.e. www.coinmama.com.
  • Go through the options available on the homepage and find the Sign-up button.
  • Click on the ‘Sign Up’ button, a sign-up page will open.
  • Here you need to provide your e-mail address.
  • Set your password and ensure it should not match your name.
  • Select the country of residence from the options available.
  • Tick the given box, if you want to receive discounts, promotions and security updates on e-mail.
  • Tap the ‘Create Account’ in the end. 
  • Your Coinmama account is ready, now go ahead to buy digital currency.

Read more :- Activate Cash App Card

Sign In Coinmama Account

Once the Coinmama sign up process completes, the user can log in on any device. Go through the instructions below to login Coinmama Account:

Coinmama
  • Visit the Coinmama portal i.e. www.coinmama.com.
  • Click on the ‘Log In’ button. 
  • Enter the email Id associated with the Coinmama account.
  • Enter the password to continue.
  • Tap the ‘Log In’ button.
  • Your Coinmama account profile will open.
  • Now, buy the crypto assets as per your wish.

Note: If unable to sign in, check the e-mail ID is correct or not. Make sure the password is correct. Click on the ‘Forgot your password?’ and reset your password. Now, go ahead and open your account.

Eligibility to open a Coinmama Account

  • The users should be at least 18 years of age. 
  • The ability to deal in Crypto-assets as investing in digital currency is full of risks.
  • The information and details, which are required during the registration process should be correct. 
  • The personal information should match with your government ID and bank account details.
  • You must go through prescribed terms and conditions before opening an account.

Why Choose Coinmama?

The Top Reasons To Choose Coinmama Over Multiple Options Are

  • Buy Bitcoin directly:- Here, you can buy Bitcoin directly while you buy Bitcoin from third parties on other exchanges.
  • 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 a minimum of 60 USD worth of bitcoin. The 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:

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  • 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.
  • One can make a low purchase at $60.
  • Worldwide presence.
  • Accept payment from SEPA with a 0% processing fee.

Cons:

  • High brokerage:- Coinmama charges the 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 a credit clearing fee of 3%-5% other than Coinmama, while Coinmama charges 5% as credit card processing fee. Therefore, you have to pay a total of 10.9% extra other than the coin’s value.
  • Coinmama does not accept American Express, Discover and PayPal.

Coinmama is a legitimate organization and provides 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 is also higher than other exchanges. But sometimes you can afford a higher rate for swift and quality service. By avoiding credit card payments, you can avoid some charges.

Benefits of Using Coinmama Exchange

  • It is one of the trusted exchanges for buying and selling cryptocurrency. More than 3 million people globally are using Coinmama.
  • There are many payment options to buy digital currency. One can use a debit card, credit card, Apple Pay or bank transfer.
  • The users can purchase Bitcoin, Dogecoin, Ethereum and other popular cryptocurrencies. 
  • Coinmama enables users to set up an account and buy crypto assets in a few minutes.
  • There is a fast track verification process with Coinmama. 
  • Users get high spending limits where one can buy the coins without holding them back.
  • Place your order and get instant delivery of your coins. No deposits are required.
  • Round the clock support by the Coinmama team 
  • You can get the latest crypto news and market trends in the digital currency world.