"@type": "Review", Coinmama is registered in Slovakia but is owned by New Bit Ventures Limited that is headquartered in Israel. Users funds and cryptos are not held directly by Coinmama. Coinmama allows you to purchase and sell cryptocurrencies with a variety of different payment methods. It offers its services in more than 188 countries worldwide, which includes the UK, Europe, and most US states. Users must complete the verification process to buy and sell cryptos. Your mobile phone with a working camera to take a selfie. Anguilla 6. I came across multiple crypto platforms and Coinmama is the best. Youre holding both the ID and the paper note yourself. IT IS A BIG SCAM, TRAP YOUR MONEY. For SEPA bank transfers there is no fee (0%), however, your bank may charge additional fees. Users can click the Chat link and search by topic for filed articles. Coinmama is not a wallet service. "text": "You can get in touch with Coinmama customer support through a few trusted channels. Exchange Services, Supported Cryptocurrencies & Payment Methods, https://www.linkedin.com/company/coinmama, https://www.instagram.com/coinmamaofficial/. SWIFT bank transfer orders have a minimum order amount of 1,000 USD, however. Coinmama offers support via email only, however the site's FAQ and service desk support documents are reasonably comprehensive and . Coinmama does provide users with the QR code and download link for ZenGo in case you do not have any crypto wallets. In order to change the purchase currency, simply go to the current dropdown menu and select your preferred currency. The more you buy or sell with Coinmama the more you save on fees. Daily videos sent straight to your inbox. The only countries that are not allowed to use the Coinmama exchange are the sanctions countries. ", The mission of Coinmama is to empower humanity one human at a time by making it fast, safe and fun to buy digital currency, anywhere in the world. Binance allows purchases of crypto with a credit card, both through themselves and third-party providers such as Simplex. Per the reports, Fiat and KIA will now sell cars in the Metaverse by utilizing the capabilities of ChatGPT. It offers services to over 180 countries around the world. Requires 1 valid government issued ID, a selfie of yourself holding that ID and a note with Coinmama and todays date written on it. Coinmama, based in Slovakia and founded in 2013, is a property of NBV International, which is a daughter company of New Bit Ventures Ltd company. Prices are denominated in EUR, USD, GBP, AUD, CAD or JPY. At peak times, however, the verification process could take a couple of hours. As instructed, ensure that: Now take a selfie. Coinmama is registered in Slovakia but they offer the service worldwide. Check your email for a verification confirmation email. Fiat and KIA become one of the first companies to take a step forward and leverage the practical applications of the generative AI chatbot - ChatGPT. It offers a great, beginner-friendly platform that lets users purchase Bitcoin and other staple cryptocurrencies. Please refer to our FAQ on debit and credit cards for the full list of accepted regions. Troubleshoot here! The only countries that Coinmama is not operational in are obviously sanctioned countries. "acceptedAnswer": { Coinbase charges a variable fee for credit card purchases, which is estimated to be around 4%. As stated above, Coinmama supports a wide range of countries, probably the widest amongst cryptocurrency exchanges and significantly more than most of its rivals, including Coinbase and BitStamp. Bolivia 22. 5 / ? In order to sell Bitcoin, click the Sell icon located at the top of your Coinmama page. "@type": "Answer", Total cumulative crypto purchases at Level 1 verification are also capped, at 15,000 USD. Also, Coinmama does not store user credit card or bank details. The platform is available in over 188 countries around the globe. "@type": "Answer", Alex and Joshua made my first ever, Bitcoin purchase experience welcoming! The daily limit lasts 24 hours from the moment an order is placed. In terms of Coinmama fees vs Binance - Binance is cheaper (precisely Binance Jersey is cheaper, Coinmama has no trading fees as it offers no trading at all). "review": { Every new customer to Coinmama must submit verification for their account. } Verification time takes between 5 to 15 minutes. Strong emphasis on security as a crypto platform falling under the purview of FINCEN. ", Coinmama, a cryptocurrency exchange platform, offers a fast and safe way to purchase and sell most of the most popular cryptos. When ready to proceed, click "Complete My Profile" as shown below. Crypto Enthusiasts not only enjoy reduced fees but also fast track customer support. Anyone can get started and purchase bitcoins within an hour. IMPORTANT The fees stated in this table are for credit card purchase only. Rates are calculated by the XBX Index average + 2% (STD dev) + Coinmama sales fee of between 0.1% and 0.9%. Across all these places, it has more than 3.1 million users. Now you will need to confirm via a confirmation link sent to your email address. On the other hand, brokerage services are usually more expensive. For a detailed review about Coinmama keep reading this post. For a complete guide on which form of ID is required in each country, read this post. It is a centralized service with a large user base of over a million satisfied customers. Buy more and save on Coinmama fees with an added crypto bonus to your order. Transfer options vary depending upon user domicile. Some of the supported countries on the exchange platform are Australia, Denmark, Iceland, France, Nepal, Malta, Indonesia, United Kingdom, Lebanon, Mexico, Libya, Sweden, and others. Some regions are not yet able to use debit or credit cards. Thumbs up for the excellent service guys. Unfortunately, this cant be avoided when using a credit card, but considering the prompt service its sometimes worth the cost. "@type": "Question", 5,000 USD / ? },{ 10 minutes. Coinmama has been able to gain popularity in the world of crypto exchange platforms with the help of its simple user interface. Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. Cryptos offered on the Coinmama exchange include Bitcoin (BTC), Bitcoin Cash (BCH), Cardanos ADA (ADA), EOS (EOS), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Qtum (QTUM), and, Tezos (XTZ). If Coinmama is not serving your state, you have other alternatives such as Paxful, CEX.IO and/or Coinbase. Credit card or debit card is the most popular method of payment. Supported currencies on Coinmama Coinmama accepts all major world fiat currencies: USD EUR British Pound Canadian Dollars Australian Dollars You can buy these cryptocurrencies: BTC ETH LTC BCH ETC XRP QTUM ADA What are Coinmama Fees? 42 Pearse St., Dublin D02 YX88, Ireland, Copyright 2023 Coinmama. Loyalty Program: The more crypto you buy or sell with Coinmama, the more you save. Both accept credit card and debit card payments and allow you to purchase Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. What countries are supported by Coinmama? Phone: +1 (865) 272-9385. "text": "Coinmama, based in Slovakia and founded in 2013, is a property of NBV International, which is a daughter company of New Bit Ventures Ltd company. Albania 3. Which payment methods are accepted? The customer support is speedy, and the website offers a comprehensive support section for users. 1 minute read. To protect both parties from this, Coinmama locks the Bitcoin price for you as soon as you submit your order. Coinmama sells cryptos out of its personal inventory. All cryptos are immediately transferred to the purchasers specified wallet upon purchase. Key attributes of the Coinmama platform include: Coinmama has a rewarding affiliates program. These methods are: Cryptocurrency transfer Bank transfer Alipay ", Coinmama Countries Supported We are working on being able to provide this service to other countries as well in the manner that you mentioned in your message, so you are welcome to stay tuned ;) SAPIR. Coinmama support is typically pretty responsive. Support Email: help@paxful.com. Coinmama Supported Countries. Thank you for your swift reaction and fantastic support. As a financial service, Coinmama is committed to the highest security and privacy standards." Every new customer to Coinmama must submit verification for their account. 10, Maximum number of monthly orders: ? The company also operates in the United States . There is no guarantee that any crypto asset will have at any time in the future certain value (if any) or market liquidity. Their only downside, in my opinion, is the high fees. Step 2: On the next screen you will find a screen where you can enter your personal details such as email, password, first name, last name, country of residence and possibly yourstate of residence as well. }, Changelly can be used from any country and supports the following fiat currencies: USD,GBP and EUR. Coinmama protects users with a high level of security. "@type": "Question", Coinmama customers can choose to pay with either debit card, credit card, SWIFT transfer, SEPA bank transfer (EU Banks only), and Faster payment transfer (UK Banks only). ", Verification Time You may be wondering how long does Coinmama take to verify your account. Your crypto wallet will then be funded with the cryptos that you have purchased. Usually, it takes between 5 to 15 minutes for your Coinmama account to verify successfully after uploading your documents. Coinmama's team has placed emphasis on customer support throughout the platform, which will be touched on later in this review. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. } To qualify you must have been purchasing cryptos for at least 30-days. For most bank-based payment methods like SEPA or Zelle the trade limit is 0.5 BTC . Angola 5. Coinmama makes your Bitcoin purchase nice and easy. All transactions are between the user and Coinmama. The maximum buying limits depend on your accounts verification level. Fees: Simplex, Coinmama's credit/debit card processor, charges a 5% additional fee (with a minimum cap of USD 10) on each transaction. Supported crypto coins: 90+ Coinbase prides itself on giving you an easy and simple platform to buy and sell cryptocurrency. Visa Mastercard Cash (via Western Union transfer) SEPA (Single Euro Payments Area) },{ Coinmama primarily accepts USD, EUR, GBP, CAD, and AUD but accepts all currencies. Launched back in 2013, Coinmama is registered in Slovakia, while owners New Bit Ventures are based in Israel.. Supported Countries ", Commissions are paid out once a month after you reach a threshold of $100 since the last payout. "author": {"@type": "Person", "name": "Jeffrey Ito"}, If you pay with a different currency additional fees may be incurred. Lets hope theyll be back soon. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. Each payment method has its pros and cons, the information below will help you decide what's most suitable for you to use. Prohibited Countries. Contact Us *CEX MARKETS LTD. Coinmama has 3 levels of savings. Crypto purchases can be made in Aussie Dollar, Canadian Dollar, EURO, Japanese Yen, British Pound, and U.S Dollars. COINS AVAILABLE ACCEPTED COUNTRIES PAYMENT METHODS TWITTER BINANCE Review Bob Mason Binance is the world's largest online cryptocurrency exchange by trading volume. Thank you. The exchange is also one of. "text": "Coinmama is one of the oldest bitcoin brokers in the business. Coinmama is supported in over 190 countries and is constantly adding more (view list). "datePublished": "2018-10-29", Sell Crypto: Users are able to sell Bitcoin on the Coinmama platform. You are required to enter your full name, DOB, and sex and then click Next. Numerous crypto exchanges and trading platforms do not facilitate the sale of cryptos and withdrawal of fiat money. Just beware before submitting your ID and credit card information. With Coinmama, users are able to sell Bitcoin, even if purchased elsewhere and receive fiat money directly in their bank account. Coinmama serves most countries, excluding those that are sanctioned, such as North Korea and Syria. Coinmama has a simple interactive UI that would support your daily use of Coinmama. "name": "Coinmama", For the most basic level of verification (Level 1), orders are capped at a maximum of 5,000 USD per bank card purchase and 15,000 USD per wire transfer. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. You are required to provide your wallet details during the transaction process. The Coinmama crypto list also includes Bitcoin Cash, Litecoin, Tezos, Ripple, Dogecoin, Monero, Uniswap, and Chainlink. With high spending limits and instant delivery of cryptocurrency, Coinmama delivers a first-class experience for beginners and high rollers. And they boast 68+ million users in 100+ countries , making them one of . Coinmama is the only crypto service, of any kind {besides, BitPay} I have been able to get a full verification with so far Coinbase said yes and then backed down. "@type": "Answer", Affiliate: Affiliates earn 15% of Coinmamas commissions on all referral purchases, including all their future purchases. Here are the daily spending and cyclical limits for liquidity on the Coinmama exchange. This particularly important in the volatile world of crypto. Supported countries. In Coinmamas case, the company has made ongoing efforts to reduce their fees as much as possible. Any person with a valid Visa or MasterCard card issued in a non-sanctioned . } Coinmama is well-known for enabling users to buy Bitcoins using a credit card and now also accepts Apple Pay. Your transactions are performed instantly and appear in your wallet right away. Coinmama is currently available in more than 180 countries worldwide, including Malaysia, and it also accepts all local currencies. If you want to view more great exchanges for buying and selling bitcoin check out our full guide. The team behind Coinmama is top notch and they have an entire page devoted to the employees of the platform. "@type": "Product", The process is fast. Fees on buys made on Coinmama incur incredibly high fees of 2.93-3.9%. This is an important feature to consider, since sometimes a day or two can mean large price fluctuations. Step 2: On the next screen you will find a screen where you can enter your personal details such as email, password, first name, last name, country of residence and possibly your state of residence as well. Affiliates can: Becoming an affiliate is fast and easy. The transaction will always be between you and Coinmama. We strive to keep the list as up to date as possible, so we review it at least once a week. Buy Bitcoins with your bank account through Coinmama. It saddens me to see they have recently stopped doing so. "text": "Available payment methods on Coinmama include debit card, credit card, and bank transfers (including SWIFT and SEPA). i have complained by mail but they wont give me an answer. Sign up for a Coinmama account and get verified for purchase. 2022 Lithium Gold Ventures, LLC. Heres a short comparison of Coinmamas brokerage service compared to other popular services around. He deserves a promotion. See here for details on verification levels. Also, it seems that the exchange rates Changelly uses are cheaper than Coinmamas, so overall you can save up to around 3% by using their service. For demonstrative purposes, we will keep going with the desktop. However, it is a secure platform that has successfully helped over 3 million users purchase digital assets in 188 countries. Coinmamas brokerage service allows you to buy Bitcoin and other cryptocurrencies easily with your credit card, SWIFT or SEPA transfer and was also the first company to partner up with Apple Pay to buy Bitcoin. You can't deposit money on Coinmama, so you need to pay with a credit card, debit card, or Western Union payment. Andorra 4. Coinmama - Buy Bitcoin Now. Earn 15% of Coinmamas commission on all referral purchases included all their future purchases. Step 3: On the next screen you will need to upload a form of identification verification front and back. This usually happens within the hour. Coinmama was founded in 2013, which makes it a well-established place to buy Bitcoin (BTC) and other cryptocurrencies. 50, Overall account spending limit: 50,000 USD, Daily spending limit: ? Your email address will not be published. We currently support instant credit and debit card purchases of cryptocurrencies in the following countries: . Most credit transactions will also have a credit clearing fee of between 3%-5%. Buy Crypto: Coinmama users are able to purchase supported cryptos by credit or debit card or by bank transfer or Apple Pay. Coinmama has lower fees for bank transfers, 0%, yet higher fees for credit card and debit card purchases, 5%, when compared to Coinbase which charges 1.49% and 3.99% respectively. },{ This is lower than the 5.9% Coinmama charges. Once you have created your account, Coinmama will then prompt you to complete your profile. I have much respect for this guys. ", },{ Certain countries are also served by a third party, rather than directly by Coinmama themselves. Credit card and debit card transactions incur a 5% processing fee. Apart from two of the above IDs, you will also need to upload a utility bill and complete a KYC questionnaire. Poloniex caters mainly to U . Your Coinmama account is set up and ready to go. Dont hesitate to use this platform. . Restricted U.S. states Hawaii New York Restricted U.S. territories American Samoa Guam Northern Mariana Islands Puerto Rico United States Minor Outlying Islands Virgin Islands We are always working to serve new locations, so check in regularly to see if any changes have been made. Coinmama provides a very simple to use platform supporting the purchase of cryptos. Accepted utility bills include electric, cable, gas, water bills, property tax, bank statements or credit card statements (paper bill or internet bills are not accepted). Cryptos supported by Coinmama include Bitcoin (BTC), Bitcoin Cash (BCH), Cardanos ADA (ADA), EOS (EOS), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Qtum (QTUM), and Tezos (XTZ). Then enter your ID number and expiration date. It operates in 188 countries worldwide, and is available in 24 US States. Antarctica 7. "text": "Yes, Coinmama functions as a full-featured wallet for protecting your cryptocurrency. Yes. } Firstly, you will need to choose your Government ID Type and issuing country from the drop-down menus. All in all, the service is solid. For most customers, setting up a . Once you have clicked Buy Now, you will be prompted to enter your target crypto wallet address and choose your payment method. This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. 100% guaranteed!! Level 3 Requires filling a short form. Buy cryptocurrency with a credit card, sell your Bitcoin, and so much more. How To Buy Bitcoin On Paxful With iTunes Gift Card Changelly takes 5% on top of the existing 5% payment processor fee. Nicehash is the top crypto exchanges Germany that operates in most nations worldwide except for a select few nations like Yemen, Afghanistan, Iran, Iraq, and more. A full list of supported countries is available on the Coinmama website. Launched back in 2013, Coinmama is registered in Slovakia, while owners New Bit Ventures are based in Israel. I truly appreciated her kindness and help to navigate this new crypto journey my husband and I are on. "name": "What Countries Does Coinmama Support? Coinmama is a leading cryptocurrency brokerage company that allows you to buy several types of cryptocurrencies with your credit card, by wire transfer (SWIFT, SEPA, Fedwire and FasterPayments) as well as through Apple Pay. Users may also scroll down to the bottom of the exchange page to access the FAQ section, which is located under Quick Links. Countries with limited support: China, Russia. Depending on your country of residence, you may not be able to use all the functions of the site. send a transfer of 500 euros for a bitcoin purchase. Coinmama is a non-custodial cryptocurrency broker from Israel that is incorporated in Europe, Slovakia. Before making any purchase decision with an exchange always ensure to investigate the reputation of management, venture capital investors and regulatory approvals. You may be wondering how long does Coinmama take to verify your account. Transaction limits vary based on your verification level. When it comes to exchanges, Coinmama is often compared to Coinbase. The minimum amount of Bitcoins you can buy is 50 USD or the equivalent in EUR/GBP/AUD/CAD/JPY. } When you have your ID, mobile phone, and pen and paper ready, click Lets Go. This means that the company sells you the coins directly, as opposed to a trading platform where you buy the coins from other people. The prices you see on Coinmamas website already include the companys brokerage service fee of up to 5.9% for buying crypto and 2.9% for selling. I will be doing a lot of reading before i continue .. Coinmama is an amazing platform. Okex Payment Methods There are four methods for depositing funds into the Okex trading account. Coinmama is available in more than 200 countries around the world, except for a few restricted areas. Level 3 Crypto Believer: Save 25% on Coinmama fees and enjoy queueless customer support. Once verification and purchases have been approved you will receive your purchased digital currency instantly into your bitcoin wallet." Coinmama only supports the sale of Bitcoin, and not the other Coinmama supported cryptos. You have the choice between uploading a (1) Driver's License, (2) National or State ID, or (3) Non-US Passport. Support requests are usually answered within 24 hours. I could have been scammed! Supported Countries. Belize 18. Some of the more frequently asked questions available on Coinmama include: Does Coinmama facilitate trades between buyers and sellers? Coinmama offers two entry coins: Bitcoin and Ethereum. This is the account verification process. Coinmama sells BTC to UAE country but does not allow to withdraw nor retrieve money from your investment..in short..this is a SCAM!! She deserves 10 stars! Apart from two of the above IDs, you will also need to upload autility bill. }. China says should advance peaceful reunification with Taiwan, China sets economic growth target of around 5% as parliament opens, 50,000 march across Australias Harbour Bridge for WorldPride, China sets slightly lower annual GDP growth target government report, At right-wing CPAC forum, Trump shows why hell be tough to topple, Britain says Ukraine forces defending Bakhmut under increasingly severe pressure, XRP Bulls to Target $0.39 on the Latest SEC v Ripple Case Filing, Crypto Market Daily Highlights: Silvergate Bank Fall Out Weighed, ETH Bears to Target Sub-$1,500 on Increasing Crypto Scrutiny, ADA Price Prediction: Bears Eye Sub-$0.320 on Crypto Scrutiny, XRP Recovers from Sub-$0.36 on a Friday SEC v Ripple Filing, Crypto Market Daily Highlights: BTC Visits Sub-$22,000 on Silvergate Bank. However these are just standard Know Your Customer (KYC) and Anti Money Laundering (AML) policies that most legit exchanges must adhere to. Blog: A dedicated blog page delivers users with the latest crypto news and views, key for any crypto investor. Send the Bitcoins that you wish to sell to the Bitcoin wallet address provided. Yes. Go to the Coinmama confirmation email and click Confirm Your Email. 40,000 USD / ? Had a question about transaction processing time, and it was answered promptly, accurately and by a human being! "@type": "Offer", The crypto price shown on Coinmama is based on a service called TradeBlock XBX. 42 Pearse St., Dublin D02 YX88, Ireland Buy Crypto Buy Cryptocurrency Buy Bitcoin Buy Bitcoin with Bank Account Buy Bitcoin with SWIFT Buy Bitcoin with SEPA Buy Bitcoin in Australia Quick Links How It Works Academy FAQ Coinmama is an excellent way to purchase Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Ethereum Classic, Qtum, and Cardano instantly with a Visa or MasterCard credit card or debit card. Level 3 The same as Level 2, and you must be nearing your 50,000 USD account limit. Do you offer your service internationally? Aland Islands 2. This ensures that user assets are protected from theft. Coinmama provides an exchange to support the buying and selling of cryptos. Coinmama offers very similar services to Coinbase, but which is the best site to buy Bitcoins? "acceptedAnswer": { "@type": "Answer", Cryptocurrencies Supported The following cryptocurrencies are supported by Coinmama: Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Cardano, Qtum, and Ethereum Classic. Coinmama sells crypto out of its own inventory. Your transactions are performed instantly and appear in your wallet right away. "description": "Coinmama is a cryptocurrency exchange that specializes in credit card, debit card, and cash purchases for verified customers in countries all over the globe. For more information about level 3, contact support@coinmama.com Be forewarned though that level 2 and level 3 verification may take up to six hours or more. In terms of supported currencies - also Binance with its hundreds of supported coins. My Order Did something go wrong with your order? },{ Changelly used to be known to be one of the most expensive services you could use to buy Bitcoin with a credit card. ", Coinmama services are only available in 24 states in the US. Faster Payments (UK Banks Only): Delivery is up to 1 business day and there are zero additional fees. You have the choice between uploading a (1) Drivers License, (2) National or State ID, or (3) Non-US Passport. Acceptable IDs include: A non-US international passport (double page) A national ID card (both sides) A driver's license (both sides) Level 2 In addition to the ID uploaded for level 1, you need to submit a secondary ID. Rewards are paid only after 3 successful orders made by at least 3 different users. I never had an agent like Alex. Paxful has an excellent customer service team which will help you answer any questions you may have. Your Coinmama account is set up and ready to go. Coinmama specializes in selling Bitcoin and cryptocurrencies instantly with a credit card, or with bank transfer and is one of the most popular exchanges in the world. There are plenty of articles available via the help center to assist users in navigating and understanding the processes. Make sure to learn about each company's values and core mission and to perform proper due diligence on review sites, message boards and with investment professionals. Fill in the registration page. You need a cumulative purchase amount of 5,000 USD over a 90-day rolling period to maintain status. [CDATA[ TradeBlock XBX lists an average of known provider rates, to which Coinmama adds 2% (Std Dev) and includes Coinmamas commission fee of up to 3.9%. The main aim of Coinmama is to allow people to own and control their economy, which is often impossible with the traditional financial system. Coinmama also supports the purchase of cryptos in Aussie Dollars, Canadian Dollars, EUROs, Great British Pound, and Japanese Yen. The total is 0.9% cheaper than Coinmamas total fee (10.9%). "@type": "Question", Coinmama has a presence in almost all countries, leading to an understanding of how popular Coinmama is. Coinmama states that verifications should take from 30 minutes to up to one hour. Support Email: support@coinmama.com LTD All rights reserved. }] Coinmama accepts a variety of payment methods for 6 different fiat currencies, and provides multiple purchase options for customers.
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