Coinmama Review

 

COINMAMA REVIEW AT A GLANCE

■ TYPE: BITCOIN MARKETPLACE

■ WALLET: NO

■ HEADQUARTERS: SLOVAKIA, ISRAEL

■ ONLINE SINCE: 2013

■ CUSTOMER SERVICE: EMAIL | TELEPHONE (+1-800-261-6932)

■ LANGUAGES: ENGLISH

 

INTRODUCTION TO THE COINMAMA EXCHANGE

Founded in 2013, Coinmama is not a traditional Bitcoin exchange, as it sells Bitcoin and Ethereum directly from its own inventory. All transactions occur exclusively between the trader and Coinmama. Additionally, traders can only buy cryptocurrency—they cannot sell it. The platform also does not offer a wallet service.

■ SUPPORTED COUNTRIES: Most Countries, including 24 US States

■ FIAT CURRENCIES: Many currencies but pricing is always displayed in USD or EUR

■ REGISTERED: Coinmama is registered with FinCEN (US)

Account Verification

To place an order on Coinmama, traders must first verify their account. Once verified, traders can purchase up to $10,000 worth of Bitcoin using credit or debit cards. The verification process is quick, and the accepted documents include:

• An international non-US passport, or

• A national ID card, or

• A driver’s license

► Visit the Coinmama Bitcoin Exchange

 

COINMAMA FUND METHODS AND FEES

The only available fund method is VISA/MASTERCARD.

Coinmama Supports:

□ CREDIT/DEBIT CARDS (5.0% fee)

 

 

COINMAMA TRADING FEES

□ 5.5% trading fee (included in price)

CoinMama Trade Limits

-The minimum purchase is $60

-No need to verify an account for buying $150 worth of BTC

-$5,000 worth of BTC daily limit (verified account)

-$20,000 worth of BTC monthly limit (verified account)

-Larger limits for professional cryptocurrency traders

 

COINMAMA ASSET INDEX

At the moment, Coinmama offers only Bitcoin and Ethereum:

□ BITCOIN (BTC)

□ ETHEREUM (ETH)

 

 COINMAMA PLATFORM AND TECHNOLOGY

The Coinmama offer a very-easy-to-use platform as there are only two crypto-assets available and a single deposit method (cards).

-Pricing will be displayed in USD or EUR

-256-Bit SSL encryption

-Coinmama is protected by Trust Guard and Comodo

-No mobile apps

► Visit Coinmama Bitcoin Exchange

 

 POSITIVES OF COINMAMA REVIEW

(√) Easy to buy BTC and ETH using credit/debit cards

(√) The Coinmama platform is very easy to use

(√) Almost all countries are accepted by Coinmama

(√) Good support, including a direct telephone number

(√) 10 minutes to verify your account and enjoy high daily limits

(√) No verification for buying $150 worth of Bitcoin

 

 NEGATIVES OF COINMAMA REVIEW

(x) Coinmama does not offer a wallet

(x) Only Bitcoin and Etherium

(x) Only Credit/Debit Cards

(x) High trading fees

(x) Only buying crypto coins, selling is not an option at Coinmama, at the moment

 

 COINMAMA REVIEW CONCLUSIONS

Founded in 2013, Coinmama is a buy-only service for Bitcoin and Ethereum. Coinmama specializes in selling Bitcoins using credit cards. After purchasing cryptocurrencies, traders must transfer their digital assets to a wallet of their choice, as Coinmama does not provide a wallet.

Overall, there are many limitations when trading with Coinmama, but on the other hand, it is very easy and fast to buy Bitcoin or Ethereum using credit cards.

→ Coinmama is recommended for those who want to buy Bitcoin or Ethereum quickly using credit cards.

→ You need to have a Bitcoin or Ethereum wallet beforehand (which can be free) before buying crypto.

Legal Information

Coinmama is owned by NBV International s.r.o., located at Boženy Němcovej 8, Bratislava 811 04, Slovakia. It is a subsidiary of New Bit Ventures Ltd, company #514907880. Transactions are conducted through New Bit Ventures Ltd and processed by NBV International s.r.o.

 

■ Coinmama Review

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