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After that, the crypto enthusiast has to choose the cryptocurrency that he wants to buy by clicking on the “Buy” button and selecting the appropriate cryptocurrency. The next thing for the trader to do is to determine how much money he is willing to pay in order to get his favorite coins. It’s important to note that CoinMama does not support trading pairs, which means that users cannot trade cryptocurrencies against each other. Rather than earning money with Coinmama, you are buying cryptocurrencies from the exchange and hoping that they increase in value. Keep in mind that cryptocurrencies are a new asset class and price swings are common.
Who is Coinmama Best Suited for?
After registering, Coinmama sends an email asking you to verify your account. After clicking the link, you will be redirected back to the site. 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. Hedge With Crypto is an independent publisher that provides objective and free content.
You’re our first priority.Every time.
- As with most cryptocurrency exchanges, online reviews of their customer service response has been mixed.
- Opinions shared by CoinSutra writers are their personal views only and should not be relied upon for financial choices.
- To prevent another event like the infamous 2019 exchange hack, Coinmama has pledged not to store customers’ credit card details.
- Coinmama is super simple to use, it accepts fiat currencies and offers robust security.
- We believe everyone should be able to make financial decisions with confidence.
Needless to say this is much safer for both you and the exchange (avoids the risk of being hacked). You create an order, choose how many bitcoin or other coins you want to buy and then proceed to the checkout page, where you enter your credit card details. One of the most important changes in the Bitcoin industry is how simple it has become to purchase Bitcoins with a credit card. This is mainly because of the fact that companies like Simplex have allowed brokers and exchanges to verify users with less risk. After you have completed the process of picking your currencies, you will be able to choose any of the cryptocurrency packages offered on the website of the exchange.
Can I trade and sell bitcoins using Coinmama?
The support team is also able to answer questions on their blog. Our Coinmama review will not be complete if you do not balance all aspects of this exchange platform, especially without discussing the security features. Coinmama’s purchasing rate is based on the XBX Index for XBX+2% deviation, with an extra 3.90% commission fee paid per transaction. This fee is included in the crypto rate that is displayed on Coinmama’s website. The interface does not feature any trading tools, such as charts and price notifications, so this platform is not a good option for advanced traders. According to a press release made in March 2019, Coinmama was also buying Bitcoins from customers in the thirty-seven European countries in the SEPA, the Single Euro Payments Area.
BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. When you enter your card details and make a purchase with Coinmama, your coins are sent to your private wallet as soon as the payment goes through! This is a much safer option for you as third-party wallets are known for being hacked. While you’ll need to get a crypto wallet from another company, the ability to buy and sell seamlessly and securely through Coinmama’s platform makes crypto trading easy and safe.
To get access to this tier, you need to fill out a short form by contacting personally. Some people have complained about the verification process taking a few tries before it finally works. Coinmama says that verification can take from a few minutes to up to 30 minutes. Lastly, I would point out that even during the crypto mad rush when exchanges like Bittrex and Bitfinex closed their doors, Coinmama was still open for new registrations.
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This also helps keep your account safe, fight fraud, and more. The process is called verification and is something everyone must go through before buying crypto anywhere. After submitting your details for verification, we’ll then quickly go over it and make sure everything looks good. There is a USD15,000 limit on the purchase of cryptos by credit or debit card.
Coinmama customer support
Coinmama is a digital financial service company operating in the cryptosphere ever since 2013. It has gained a lot of respect in this space, owing to the safe and fast access to digital currencies like Bitcoin and Ethereum. Coinmama makes the formerly complicated process of buying bitcoins simpler. Within a short amount of time, the whole procedure will be finished.
There is also a minimum order based on which payment method you choose. Coinmama was established in 2013 and has served over three million customers around the world. The company is headquartered Coinmama Review in Ireland, and it was founded by Nimrod Gruber, Laurence Newman, and Ilan Schuster. Coinmama supports nine digital assets at the time of publication, including Bitcoin, Cardano, and Ethereum.
