However, Coinmama’s customer service team will try to assist users that require faster verification. Instead, all purchases of cryptocurrency by customers are transferred directly from the company’s own holdings, making transactions more secure than some of its competitors. One of the USPs of Coinmama is the fast, secure, and safe service it provides for buying cryptocurrencies like BTC, ETH, LTC, BCH, ETC, XRP, QTUM, ADA via credit cards. Coinbase is a good option for beginning cryptocurrency investors.
✓ Instantly Receive Your Coins to Your Personal Wallet
Another bonus is the low minimum order value of only $30.00. 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.
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- Cryptocurrency trading offered through Robinhood Crypto LLC.
- The first is the default level, and the next two have spending requirements.
- For credit and debit cards, the maximum amount per transaction is 20,000 USD.
- There is also a minimum order based on which payment method you choose.
- One of the reasons users prefer it is because they continuously add cryptocurrencies and alternate payment methods.
- Coinbase has an advantage of providing Bitcoin, Litecoin, and Ethereum on their platform.
On your account dashboard, you can click the ‘Orders’ button on the sidebar menu to review your orders. Once your identification is verified, you can begin purchasing cryptocurrencies by clicking on the “Buy” tab on the Coinmama website. In order to begin purchasing coins, you first need to verify your identity. It’s good to note that the Coinmama team responds considerately to every Trustpilot review.
My service experience with Coinmama
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Coinmama fees are higher than Coinbase, which is another very reputable exchange. Keep in mind that you’ll need to at least cover the fee cost to break even when selling your cryptocurrencies. Since Coinmama is actually selling coins instead rather than acting as a middle man, it can offer faster Coinmama Review transactions. In fact, the moment you place your order, you get your coins instantly without any cash deposit requirement. Because there is no trading from crypto to crypto, you aren’t trading cryptocurrencies on Coinmama. Instead, you are simply buying and selling them directly from/to Coinmama.
However, Coinmama may also stand out as a quick and simple option with few complications. As a financial service, Coinmama is committed to the highest security and privacy standards. This also helps keep your account safe, fight fraud, and more.
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Also the support team was easy to contact and offered fast responses to my questions. Quick and painless transaction once you get past the initial verification process. Fees are a little higher than some services I have used in the past, but still much less than using a Bitcoin ATM. Bitcoin was in my wallet and confirmed https://www.tokenexus.com/coinbase-review/ in less than 30 minutes, but that could depend on how heavy the traffic is at any given time. Coinmama’s easy interface and simple transaction flow may be attractive to those new to cryptocurrency trading, but its fees are pricier than many competitors. View our picks for best bitcoin and cryptocurrency exchanges.
In the next section of this Coinmama review, I will show you how to verify your account.
- Coinmama’s market rate for bitcoin is XBX + 2%, so that’s the price you pay for the crypto.
- Even though it accepts Credit and Debit cards, the fee is relatively high compared to other platforms.
- Coinmama has higher fees than some other providers, though these fees fall as the amount of crypto you purchase and the time you’ve been a customer increase.
- Click on Buy BTC and on the next screen they will ask you to enter the Bitcoin wallet address on which you want to receive Bitcoins.
- To use Coinmama, you need to register for an account and verify your identity.
- It calculates fees based on the TradeBlock XBX index, which indicates the average market rate.
