Coinmama is a leading brokerage criptovalue that allows you to buy different types of criptovalues with your credit card.
With cryptocurrencies like Bitcoin and Ethereum continuing to increase in popularity and price, more and more people want to get their hands on these things. As demand increases, numerous outlets have been created to meet the needs of crypto users.
One of them is Coinmama, a site where you can quickly buy Bitcoin and Ethereum which we have reviewed below.
Coinmama review: Founded in 2013,Coinmama has been a long-standing choice for consumers who want a quick way to buy cryptocurrency via credit / debit card. The company was the first to offer this payment method and has grown rapidly thanks to this accessibility.
The site is available to almost everyone, serving 226 countries and most states in the United States. Unlike exchanges like Kraken or GDAX , Coinmama is an outlet for only buyers who want to buy cryptocurrencies ( Bitcoin and Ethereum ) to send to their wallet preferred.
The price is based on current market values, with the Coinmama commission of 6.15% included in this price. For credit / debit card transactions, the payer will charge an additional service charge of 5.65%.
According to their FAQ, users will soon be able to sell cryptocurrencies to Coinmama.
Key information Site type Easy buying methods Friendly beginner Mobile app Company headquarters Bratislava, Slovakia Launch of the company 2013 Buy methods Credit / debit cards Sales methods "Coming soon" Cryptocurrencies available Bitcoin, Ethereum Community Trust Good Safety Good Tax Above average Customer care Good Web Site Visit Coinmama
How to use Coinmama to buy bitcoins or other cryptocurrencies
1) Register and verify your email address Fill in the registration form on the homepage of www.coinmama.com. You will need a valid email address, password, full name and country of residence. You will receive an email from Coinmama directing you to the verification link.
2) Send the requested information and proof of ID Go to "My account" and click on the "Verify your account" tab. You will need to complete your residential information and provide your phone number. Proof of a valid government issued identity document is also required: passport, driving license or national identity card are accepted. Upload photos of the front and back
3) Buy your cryptocurrency Once your ID has been accepted, you can purchase Bitcoin and Ethereum by going to the 'Buy Bitcoin / Ethereum' tab. Select the amount you wish to purchase and provide the address of your wallet (more information on the wallets available here).
After entering the payment details and they have been accepted, your cryptocurrency will be sent immediately to the specified wallet.
Is Coinmama safe?
When it comes to online financial transactions, it is important to use a safe and secure site. Coinmama is a reputable company with a secure website that is protected by Trust Guard and Comodo. Both security experts have confirmed that 256-bit SSL encryption is actively used on pages that contain private information.
Corporate legitimacy Coinmama is a property of NBV International sro - a subsidiary of New Bit Ventures Ltd - company # 514907880. New Bit Ventures Ltd is registered as a financial services company with FinCEN - view the certificate here.
Personal account security Currently, Coinmama does not offer two-factor authentication. For maximum security, use a password that contains lowercase and uppercase letters, as well as numbers and symbols. Customer Service You can contact the Coinmama support team at firstname.lastname@example.org - a staff member should be in contact within 24 hours.
For answers to frequently asked questions, you can visit https://www.coinmama.com/faq which should solve any general questions. There is also an interactive 'Help' function on the site (located at the bottom right of the page) where you can search for the information requested. Social media users can contact Coinmama through their Facebook page .
Your purchase amounts depend on your level of verification.
Level 1 requires proof of a valid government issued document and allows total purchases of up to $ 10,000. Level 2 requires a secondary ID loaded along with a utility bill or selfie of you holding your ID - the maximum limit is raised to $ 50,000 for this level.
For unlimited purchase amounts, you must contact email@example.com to request Level 3 verification. The minimum purchase is $ 60. There are also daily and monthly limits for all users: the first is limited to 5,000 USD / EUR, while the latter is limited to 20,000 USD / EUR. Daily limits last 24 hours from the time the order is placed.
Currently Coinmama it does not offer an exchange, so users who wish to sell their cryptocurrency or withdraw it as a fiat currency must transfer it elsewhere.
Countries supported Coinmama operates in 226 countries around the world, making it one of the most accessible sites for the purchase of cryptocurrency . Only U.S. residents can use their services: Arizona, California, Colorado, Florida, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Missouri, Montana, Nevada, New Jersey, New Mexico, Carolina del North, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Wisconsin.
Faithful to the slogan of Coinmama , using their site is definitely one of the easiest ways to buy digital currency. For users who want to quickly buy Bitcoin or Ethereum via credit / debit card and avoid long waiting times for bank transfers, it's a good choice.
Having digital currency sent immediately to your wallet rather than being stored on the site is also a great advantage. For customers interested to purchase of criptovalues less known, the purchase of large quantities or in active trading, it is best to go to one exchange