Coinmama Review: Pros, Cons and How It Compares

Coinmama Review

The should not have approved the transaction and then delay it to do a verification. There needs to be better customer communication in terms of a human online chat or a way to call on the phone. Coinmama is one of the best cryptocurrency exchanges for quickly and easily buying popular crypto coins.

  • When you pay for crypto purchases, they immediately transfer to your wallet.
  • That’s why I make it a habit to actually read through the reviews and see what people are complaining about.
  • Nevertheless, when buying BTC with Coinmama, depending on your payment method, they charge 5.5% for every transaction and another 5% if you are going to use a credit card.
  • Their on-call support is not yet available but you can catch hold of them on live chats during business hours.
  • does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency.

Other platforms to consider

Ashley Maready is a former history museum professional who made the leap to digital content writing and editing in 2021. She has a BA in History and Philosophy from Hood College and an MA in Applied History from Shippensburg University. Ashley loves creating content for the public and learning new things so she can teach others, whether it’s information about salt mining, canal mules, or personal finance. It goes against our guidelines to offer incentives for reviews.

Who can open an account with Coinmama?

Coinmama Review

Still, the benefit is that it makes you think seriously about setting up a secure digital wallet instead of taking the easy option. Many leading cryptocurrency exchanges provide an online (hot) wallet, but the downside is they have access to your private keys. What beginners love about Coinmama is how easy it is to buy and sell cryptocurrencies. You don’t have to deposit funds, wait for them to clear and then buy your cryptocurrencies. It’s also an added safety feature because you aren’t storing your fiat currency on an exchange, or registering bank account details.

Listed Coinmama crypto exchange assets

  • Coinmama places a strong emphasis on providing superior customer support services and customer experiences to its clientele in order to facilitate the swift completion of financial transactions.
  • A maker fee is the fee charged when you propose an order for other traders to take.
  • Coinmama is a straightforward exchange that beginners will likely have no trouble using.
  • Hedge with Crypto does not provide financial advice nor does it take into account your personal financial situation. has an advertising relationship with some or all of the offers included on this page, which may impact how, where, and in what order products and services may appear. The College Investor does not include all companies or offers available in the marketplace. And our partners can never pay us to guarantee favorable reviews (or even pay for a review of their product to begin with).

Coinmama Review

Coinmama Review: Disadvantages

Coinmama Review

Once you have logged into your account, navigate to the Buy page, and select what you’d like to purchase – in this case, I’ll assume that it’s Bitcoin. If you need to contact them outside of these hours, you can either send an email, raise a support ticket or even contact them on Facebook! However, after taking a deeper look through their website, I noticed that most of the common problems are answered on their FAQ page.

Coinmama Review

Coinmama Review: Easy to Use, High Fees

Coinmama Review

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. Undoubtedly, an added benefit is that users can also sell Bitcoin for fiat money. There are no withdrawal fees when purchasing cryptos on the Coinmama platform. At this stage, Coinmama will proceed with the verification process and notify you by email upon completion. The document verification process usually takes around 30 minutes, which is one of the quickest in the market. At peak times, however, the verification process could take a couple of hours.

  • However, it has relatively high fees and users looking for expanded product offerings such as crypto rewards credit cards or crypto-backed loans will need to look elsewhere.
  • The price that is shown on the Coinmama website is inclusive of the 5.9 percent brokerage fee that is charged by the firm.
  • The platform’s interface is clean and intuitive, with all essential information readily available.
  • There are no withdrawal fees when purchasing cryptos on the Coinmama platform.
  • Coinmama lets you buy over a dozen cryptocurrencies, which is much less than quite a few other exchanges.

Is your cryptocurrency safe with Coinmama?

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