After completing the payment information, enter your wallet address then click ‘Complete Payment’. Multiple crypto wallets are available, so research online if you don’t wish to use the above options or check the best crypto hardware wallets of 2024. It also doesn’t have any way to earn interest on your cryptocurrency. Several exchanges offer either crypto lending or crypto staking programs, two popular ways to grow your holdings. If you’re planning to invest in cryptocurrency, Coinmama costs too much to be a good option. Rather, the company will send coins to whichever wallet you own.
Is Coinmama Safe?
To use your card, you will have to pay an extra 5% fee on top of the rate that Coinmama charge. However, it is worth remembering that no matter which cryptocurrency exchange you use, if you want to pay with your debit or credit card then there will always be extra costs. Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. He started Hedge With Crypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world. You cannot deposit funds into Coinmama as crypto purchasing is a direct sale.
Coinmama Review – Is It Safe & Legit In 2023?
- We’re proud of our content and guidance, and the information we provide is objective, independent, and free.
- To clarify it is before you are allowed to buy or sell any cryptocurrency from the platform.
- Although it’s a user-friendly place to buy crypto, Coinmama is too costly and lacks too many features for long-term use.
- In this Coinmama review we’ll cover how Coinmama works, who can use it, what the Coinmama fees are and everything else you’ll need to know in order to get started using their service.
- You either love or hate them, and there would be little point as your cryptos aren’t on the Coinmama system.
One of the key features of CoinMama is its self-custody wallet, which allows users to maintain full control over their crypto assets. The wallet supports the storage, sending, and receiving of Bitcoin, Ethereum, Tether, and USD. Users can also import a crypto wallet from another app to Coinmama for easy crypto transfers. Coinbase is a good option for beginning cryptocurrency investors.
How Coinmama works
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- Very slow and unable to give assistance then suddenly upon threatening to just reverse transaction with credit card company customer service had all the answers.
- 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.
- The details provided by new customers are checked manually and can take anywhere from 30 minutes to a few hours to be confirmed.
- They proceed to create the order by choosing how much they want to buy, entering their wallet address and then filling out their card details on the checkout page.
- The main things you can do on Coinmama are buy certain types of cryptocurrency and sell one of them (Bitcoin).
Review of the Top Features on Coinmama
They proceed to create the order by choosing how much they want to buy, entering their wallet address and then filling out their card details on the checkout page. Coinmama does not store Coinmama Review customer’s credit or debit card details on their servers. Besides the use of credit cards, Coinmama also lets traders and investors buy Bitcoin with a SEPA bank account transfer.
Registration and Verification
CoinMama is a global cryptocurrency exchange that supports purchases via debit or credit card, Apple Pay, Google Pay, or bank transfer. It offers a range of cryptocurrencies, including Bitcoin, Ethereum, Tether, and USD Coin. The platform operates in 197 countries and 43 U.S. states. Coinmama’s user interface is straightforward and intuitive, which makes it accessible for both new and experienced users.
Coinmama is an established, reputable, beginner-friendly and easy-to-use platform. When navigating a crypto exchange with multiple tools and services, hundreds of tokens and a trading platform, it can be overwhelming when you’re starting. If you just want to buy and sell Bitcoin (BTC), Ethereum (ETH), or a few other cryptos, Coinmama is a suitable option. The best thing about Coinmama is how beginner-friendly it is. To buy crypto, simply plug in the amount you want to spend, and then provide your payment method and crypto wallet address.
