Coinmama Reviews Read Customer Service Reviews of coinmama com

Since Coinmama is actually selling coins instead rather than acting as a middle man, coinmama review it can offer faster 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.

Coinmama Deposit Options

Being a Believer entitles you to the fastest customer support.
Coinmama was founded in 2013 by Ilan Schuster, Laurence Newman, and Nimrod Gruber.
Faster payments service is available for customers only in the UK, which allows users to buy crypto directly paying from their bank account and receive it within a day time.
In general, commissions fees range from as low as 0.99% to up to 3.9%, but that depends on your Loyalty Level.
Coinmama is one of the oldest Bitcoin exchanges in business, and it has been selling Bitcoins via credit/debit cards for longer than any other company.
All you will need to do for this is download and fill in a KYC questionnaire supplied to you.

The site is fully mobile-friendly and easy-to-use, so buying and selling will be just as easy on a phone or tablet. Whichever channel you use, you can expect an answer within 24 hours. For those who qualify for level 2 or level 3 in the loyalty program, that response time can be even faster.

It provides the most popular cryptocurrencies available on the platform to purchase. As Coinmama’s fee structure is unclear, I wanted to test the fees for each of the above payment methods with $1000. In my testing, I found Coinmama charged slightly more for buying crypto than selling it on all payment methods except SWIFT. Coinmama is a desktop-only platform offering a simple and intuitive interface that caters to crypto novices. It provides a straightforward way to buy and sell cryptocurrency using fiat, avoiding the complexities of spot, futures, or leveraged trading.

Who can open an account with Coinmama?

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One exchange people like to compare Coinmama to is Coinbase.
Similar to most UK-compliant exchanges, Coinmama asks questions to confirm your understanding of crypto risks before allowing you to complete the transaction.
I also tried to reach out via Facebook & Linkedin but got no response.
While fees are displayed before purchase, the platform lacks a detailed breakdown, making it challenging for users to understand the exact cost structure.
The primary benefit of Coinmama is that it’s simple to use.

Coinmama is one of the oldest Bitcoin exchanges in business, and it has been selling Bitcoins via credit/debit cards for longer than any other company. We withe ll take a deeper dive into workings of this exchange in our Coinmama review – so let’s go. While the lack of a mobile app and an in-platform crypto wallet might make Coinmama feel a little incomplete, the overall service is still solid for its convenience and security. You get access to all the major cryptocurrencies, a wide variety of payment options, and the comfort of knowing your order will fill instantly. Coinmama seeks to make buying and selling coins as easy and accessible as possible. It provides a secure platform to buy and sell crypto and rewards frequent traders with generous discounts on commissions and other fees.

Security and Transparency

Customers are also encouraged to enable two-factor authentication, though it isn’t required. Luno now works in the USA but only for Bitcoin and Ethereum cryptocurrencies. We may receive advertising compensation when you click certain products.

Coinmama Fee Structure

Each section opens to more in-depth details on each subject, so you might be able to get an immediate answer. If not, click on «Connect» at the top right of the page, and you have two options, send an email form or call Coinmama on the telephone. It’s good to note that the Coinmama team responds considerately to every Trustpilot review. This Coinmama exchange review will help you decide if it’s the right fit for you. The initial Coinmama verification should take only about 10 minutes, however, when purchasing coins, you might need to wait up to 6 hours to get verified.

Coinmama Review: Security

You might consider a hot wallet (online) or a cold wallet (an offline hardware wallet), which is regarded as «safer» than an online wallet. Coinmama is an established crypto exchange based in Ireland. Nimrod Gruber, Iian Schuster and Laurence Newman founded Coinmama in 2013. Since Coinmama is a cryptocurrency broker/exchange, you can buy, tade and exchange cryptocurrency. If you’re looking for a platform where you can trade and sell more coins, you should check out Binance.

Does Coinmama accept prepaid cards?

Then, there is a commission fee of as much as 3.9% on Buys and up to 0.9% on Sells. If you are using a credit or debit card, there is a 5% momentum fee. But, if you’re making a transaction using a SEPA transfer, you will incur no additional fee. Coinmama is recommended for traders of all experience levels. The cryptocurrency industry can be volatile, and there are a lot of coins from which to choose.