Coinmama Review

 

COINMAMA REVIEW AT A GLANCE

■ TYPE: BITCOIN MARKETPLACE

■ WALLET: NO

■ HEADQUARTERS: SLOVAKIA, ISRAEL

■ ONLINE SINCE: 2013

■ CUSTOMER SERVICE: EMAIL | TELEPHONE (+1-800-261-6932)

■ LANGUAGES: ENGLISH

 

INTRODUCTION TO THE COINMAMA EXCHANGE

Founded in 2013, Coinmama is not a traditional Bitcoin exchange, as it sells Bitcoin and Ethereum out of a personal inventory. All transactions are always between the trader and Coinmama. In addition, traders can only buy (not sell) crypto. Finally, the marketplace does not offer a wallet. 

■ SUPPORTED COUNTRIES: Most Countries, including 24 US States

■ FIAT CURRENCIES: Many currencies but pricing is always displayed in USD or EUR

■ REGISTERED: Coinmama is registered with FinCEN (US)

Account Verification

To place an order at Coinmama, traders must first need to get their account verified. Once verified, traders can buy in total up to 10,000 USD worth of bitcoin by using credit/debit cards. The verification process is very fast and the acceptable documents include:

• An international non-US passport, or
• A national ID card, or
• A driver’s license

► Visit the Coinmama Bitcoin Exchange

 

COINMAMA FUND METHODS AND FEES

The only available fund method is VISA/MASTERCARD.

Coinmama Supports:

□ CREDIT/DEBIT CARDS (5.0% fee)

 

 

COINMAMA TRADING FEES

□ 5.5% trading fee (included in price)

CoinMama Trade Limits

-The minimum purchase is $60

-No need to verify an account for buying $150 worth of BTC

-$5,000 worth of BTC daily limit (verified account)

-$20,000 worth of BTC monthly limit (verified account)

-Larger limits for professional cryptocurrency traders

 

COINMAMA ASSET INDEX

At the moment, Coinmama offers only Bitcoin and Ethereum:

□ BITCOIN (BTC)

□ ETHEREUM (ETH)

 

 COINMAMA PLATFORM AND TECHNOLOGY

The Coinmama offer a very-easy-to-use platform as there are only two crypto-assets available and a single deposit method (cards).

-Pricing will be displayed in USD or EUR

-256-Bit SSL encryption

-Coinmama is protected by Trust Guard and Comodo

-No mobile apps

► Visit Coinmama Bitcoin Exchange

 

 POSITIVES OF COINMAMA REVIEW

(√) Easy to buy BTC and ETH using credit/debit cards

(√) The Coinmama platform is very easy to use

(√) Almost all countries are accepted by Coinmama

(√) Good support, including a direct telephone number

(√) 10 minutes to verify your account and enjoy high daily limits

(√) No verification for buying $150 worth of Bitcoin

 

 NEGATIVES OF COINMAMA REVIEW

(x) Coinmama does not offer a wallet

(x) Only Bitcoin and Etherium

(x) Only Credit/Debit Cards

(x) High trading fees

(x) Only buying crypto coins, selling is not an option at Coinmama, at the moment

 

 COINMAMA REVIEW CONCLUSIONS

Founded in 2013, Coinmama is a buy-only service (Bitcoin and Ethereum). Coinmama specializes in selling Bitcoins using credit cards. After purchasing some cryptocurrencies, traders need to send their digital currencies to a wallet of their choice, as Coinmama doesn't provide a wallet.

In overall, there are many limitations when trading with Coinmama, but on the other hand, it is very easy and very fast to buy Bitcoin/Ethereum using credit cards.

→ Coinmama is recommended for those wishing to buy Bitcoin/Ethereum fast, using credit cards

→ You need a Bitcoin/Ethereum wallet first before buying crypto (free)

Legal Information

Coinmama is a property of NBV International s.r.o., Boženy Němcovej 8, Bratislava 811 04, Slovakia, which is a daughter company of New Bit Ventures Ltd company #514907880. Transactions are carried out with New Bit Ventures Ltd and processed by NBV International s.r.o.

 

■ Coinmama Review

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