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Coinmama is an international cryptocurrency exchange. "acceptedAnswer": { The photo must contain the ID you just uploaded and a piece of paper with Coinmama written on the piece of paper along with todays date. Coinmama is a property of New Bit Ventures Ltd and is operated by Cmama Ltd company #672704. In terms of supported currencies - also Binance with its hundreds of supported coins. } Even though Coinmama exchange is not officially registered with any legislative board, New Bit Ventures has been registered as an MSB (Money Service Business) with FinCEN. ", },{ The company also operates in the United States . When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. In summary: Selling Fees: These are tiered and correlate with a users loyalty program level. The monthly limit is a moving sum of the last 30 days. Upon completion of a crypto purchase, all coins are remitted directly to your external wallet. You need to submit a secondary ID. Your personal details and documents are encrypted, and your credit card details are not stored anywhere on the Coinmama website or servers. In order to sell Bitcoin, click the Sell icon located at the top of your Coinmama page. Once verification and purchases have been approved you will receive your purchased digital currency instantly into your bitcoin wallet." Complete the information requested. This ensures that user assets are protected from theft. { Learn how to apply technical analysis to current market: En. Apart from two of the above IDs, you will also need to upload a utility bill and complete a KYC questionnaire. Faster Payments (UK Banks Only): Delivery is up to 1 business day and there are zero additional fees. There are no wallets on the site, meaning that any purchase made is sent directly to the purchaser's wallet address of choice. ", },{ Anguilla 6. "acceptedAnswer": { "image": "https://mlitbglwlifo.i.optimole.com/cb:DKCa~1014e/w:300/h:75/q:mauto/f:avif/id:516f1f3e7e1e152109181f9ac46462d6/https://www.smartbitcoininvestments.com/coinmama_logo_blue_small.png", "reviewBody": "An Inside Look At The Coinmama Cryptocurrency Exchange What Is Coinmama? (Coinmama is planning to expand this beyond Bitcoin in the near-term, however). PLEASE DO NOT MAKE ANY TRANSACTIONS FROM HERE. She spent the necessary time with me, asked the right questions, and made sure I understood everything. Check your email for a verification confirmation email. See this guide for more instructions on how to place an order. Armenia 10. Coinmama is more of a brokerage than a crypto exchange. Coinmama offers its services worldwide with the exception of sanctioned countries and several US states. Cons: Limited states in the US. Credit card or debit card is the most popular method of payment. } Once you have completed the payment details, complete the transaction. Transaction limits vary based on your verification level. Click on the blue 'Sign Up' button on the top right. Neither Bankrate nor this website endorses or recommends any companies or products. Choose your payment method (credit card) and enter your details to complete the sale. The team at Coinmama is amazing! Check your email for a verification confirmation email. they are scammers. 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. Your transactions are performed instantly and appear in your wallet right away. IT IS WRITTEN CLEARLY IN THE WEBSITE USERS FROM THE US CAN SELL THE BITCOIN ONLINE https://www.coinmama.com/blog/how-to-cash-out-your-bitcoin/. See below: Once you have decided on the USD equivalent amount of Bitcoin or the number of Bitcoin you wish to purchase, click Buy Now.. Buy Bitcoins with your bank account through Coinmama. "name": "Is Coinmama A Bitcoin Wallet? "text": "You can get in touch with Coinmama customer support through a few trusted channels. Now, you need to upload your documents. The process is fast. Users may withdraw proceeds by bank transfer, or by credit or debit card. It is highly appreciated. 15,000 USD / ? } Great customer service and really easy to use. Verification Time You may be wondering how long does Coinmama take to verify your account. Currently, all purchases are made in either USD or EUR, which is converted to the local currency following local exchange rates. In order to verify your account you will need to submit some form of identification. Coinmama is a leading cryptocurrency exchange that allows you to buy and sell bitcoin and other cryptocurrencies with a credit card and/or bank transfers. }, Coinmama Supported Countries. Really good.. but also your information on your site was a real eye-opener! At this stage, Coinmama will proceed with the verification process and notify you by email upon completion. For completion of the verification process, please ensure the following: Once you have uploaded the selfie, click Looks Good. 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). At the moment Coinmama supports buying only of the following coins: Coinmama accepts credit or debit cards that are issued by Visa or Mastercard. Five stars for customer service. Continue reading for the most comprehensive review on the web. . "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. You will require the following: When ready to proceed, click Complete My Profile as shown below. "name": "How Can I Contact Coinmama Customer Support? With high spending limits and instant delivery of cryptocurrency, Coinmama delivers a first-class experience for beginners and high rollers. ", Supported Countries / States. Troubleshoot here! At peak times, however, the verification process could take a couple of hours. ", Just beware before submitting your ID and credit card information. Unfortunately, this cant be avoided when using a credit card, but considering the prompt service its sometimes worth the cost. Coinmama's platform is operated by Cmama Ltd., established and registered in Ireland. "text": "Coinmama is supported in over 190 countries and is constantly adding more." Once you have created your account, Coinmama will then prompt you to complete your profile. Furthermore, you can view confirmation of the order on the blockchain explorer. For SEPA bank transfers there is no fee (0%), however, your bank may charge additional fees. . However these are just standard Know Your Customer (KYC) and Anti Money Laundering (AML) policies that most legit exchanges must adhere to. Crypto assets are at risk of losing substantial (or all) value within a short time period. Coinmama is available in more than 200 countries around the world, except for a few restricted areas. You have the choice between uploading a (1) Drivers License, (2) National or State ID, or (3) Non-US Passport. On the other hand, brokerage services are usually more expensive. We also partner with third-party platforms to complete transactions in select areas that we're currently unable to serve directly & offer our very own Non-custodial wallet for IOS & Android devices New to Coinmama or don't have a verified account yet? Across all these places, it has more than 3.1 million users. Support requests are usually answered within 24 hours. What countries are supported by Coinmama? Coinmama is currently available in more than 180 countries worldwide, including Malaysia, and it also accepts all local currencies. Since the formation, Coinmama has reached millions of customers in over 190 countries. Since its founding, Coinmama has served more than 300,000 customers in more than 190 countries. "text": "Yes, Coinmama functions as a full-featured wallet for protecting your cryptocurrency. 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. Heres what Ill cover: Coinmama was established in 2013 in Israel and has since grown to serve over 3.1 million customers in 188 countries with over 35 employees. Belarus 17. 30,000 USD, Monthly spending limit: ? Requiresa valid government-issued IDand aselfie of yourself holding that ID and a note with Coinmama and todays date written on it. 1 minute read. You then need to enter the amount of Bitcoin you would like to buy. 42 Pearse St., Dublin D02 YX88, Ireland, Copyright 2023 Coinmama. Visa credit/debit cards Mastercard credit/debit cards Go to Coinmama's website },{ The team behind Coinmama is top notch and they have an entire page devoted to the employees of the platform. For regulatory compliance, some countries and US States are served by a third party, while a handful are not supported at all. No, your credit/debit card details are not saved in our system. Changelly used to be known to be one of the most expensive services you could use to buy Bitcoin with a credit card. If you want to view more great exchanges for buying and selling bitcoin check out our full guide. The more you buy or sell with Coinmama the more you save on fees. } "@context": "https://schema.org", It is recommended that you do not store your bitcoins on Coinmama for an extended period of time and instead consider moving them to a secure cloud, smartphone or hardware wallet such theTrezor One. Launched back in 2013, Coinmama is registered in Slovakia, while owners New Bit Ventures are based in Israel. From my own experience I can say that verification with Coinmama was relatively easy, and yes, they require a lot of information. After submitting your details for verification, well then quickly go over it and make sure everything looks good. Coinmama is an online cryptocurrency exchange supporting the purchase of cryptos. It was founded in 2013 and the first platform to allow purchases using a credit card. Coinmama sells crypto out of its own inventory. She was incredibly patient and generous. Visa Mastercard Cash (via Western Union transfer) SEPA (Single Euro Payments Area) 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 supplies a brokerage service for Bitcoin and other cryptocurrencies. *SEPA countries include: Andorra, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, The exchange rate provided by Binance is similar to Coinmamas. } 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. Coinmama is not a wallet service. EMAIL SENT FROM SUPPORT TEAM Unfortunately, we are currently not able to provide our sell services to customers using banks that are not part of the SEPA system (European Union banks). Fees: Simplex, Coinmama's credit/debit card processor, charges a 5% additional fee (with a minimum cap of USD 10) on each transaction. These fees include the broker fee only. 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. Step 5:Congratulations! Coinmama has aHelp Centerwhich you can search to find answers to your question/s. If you pay with a different currency additional fees may be incurred. 20 / ? Social Media: Coinmama has a growing social media presence: Facebook: https://www.facebook.com/Coinmama/, LinkedIn: https://www.linkedin.com/company/coinmama, Instagram: https://www.instagram.com/coinmamaofficial/. The company allows users to make crypto purchases using various fiat currencies and payment platforms. As long as your account is verified, once your order is placed, your bitcoin will arrive in your bitcoin wallet in approximately 10 minutes. The crypto price shown on Coinmama is based on a service called TradeBlock XBX. This removes anonymity while protecting users. I can then transfer small amounts, for tranctions, from my Cold Wallet into my BRD & BitPay Wallet, & use BitPay to purchase products, Gift Cards BitPay Service, which is very well-connected to retail vendors, can make product transactions for me using any of my wallets! In order to get started with buying bitcoins on Coinmama, here are the steps you will need to take: Step 1: Visit the Coinmama home page. Coinmama is one of the oldest bitcoin brokers in the business. I also took a look at various customer reviews users posted online. A very user-friendly platform supporting both novice and experienced crypto investors. } The image and the text of your ID are clearly readable. No advanced tools for trading Bitcoin and other cryptos. Coinmama ensures speed of delivery, with cryptos reaching buy wallets within minutes. 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. Users can click the Chat link and search by topic for filed articles. Firstly, you will need to choose your Government ID Type and issuing country from the drop-down menus. It offers a great, beginner-friendly platform that lets users purchase Bitcoin and other staple cryptocurrencies. "ratingValue": "8.9", LTD All rights reserved. Other payment methods include Fedwire, Swift and Sofort. This page may not include all available products, all companies or all services. You then need to provide your bank details. i have complained at my bank and even reported it to the police. Pros: Good support, relatively quick verification process. Coinmama only supports the sale of Bitcoin, and not the other Coinmama supported cryptos. "price": "0" If you want to send Customer Support a message you can do so here. "@type": "FAQPage", Users can either purchase cryptos by way of packages from the Buy page or purchase specific amounts. Coinmama, a cryptocurrency exchange platform, offers a fast and safe way to purchase and sell most of the most popular cryptos. Get a Bitcoin wallet, as Coinmama doesn't hold the Bitcoins for you. 4. "@type": "Question", Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Virginia, Vermont, Washington, West Virginia, Wisconsin, Wyoming. Coinmama pays all earnings monthly in arrears. On the bright side, Coinmama receives a score of Great from TrustPilot. If you have general issues feel free to send an email to the support staff or submit a ticket here. Supported Cryptocurrencies. Aruba 11. The fiat selection consists of US Dollars, Euros, British Pounds, Canadian Dollars, Australian Dollars, and Japanese Yen. Thank you. The different cryptocurrencies supported on this platform include Bitcoin, Cardano, EOS, Bitcoin Cash, Etherum, Ethereum Classic, Qtum, Tezos, and Litecoin. Enter your ID number as well as the ID expiration and issuing country. As instructed, ensure that: Now take a selfie. Your mobile phone with a working camera to take a selfie. Users from accepted countries, including Australia, Singapore, Europe, the UK, Canada, New Zealand, and the US, can quickly and safely purchase cryptocurrency using Coinmama. If any of them succeeded, the company would have gained more control over the Bitcoin network. Coinmama was founded in 2013, which makes it a well-established place to buy Bitcoin (BTC) and other cryptocurrencies. Once you have clicked Buy Now, you will be prompted to enter your target crypto wallet address and choose your payment method. }, { 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). Yes. This table does not include all companies or all available products. IT IS A BIG SCAM, TRAP YOUR MONEY. The exchange is committed to providing the highest levels of privacy and security standards. To fight fraud all users are required to submit verification before making a purchase. This particularly important in the volatile world of crypto. }. Please note that American Express, Discover and PayPal are not accepted. Founded in 2013, it has become a fast, safe, and convenient cryptocurrency gateway for digital currency enthusiasts all over the world, including the United States. ", Click here! Coinmama is currently available in 226 countries worldwide, and it also accepts all local currencies. "name": "How Long Does It Take To Buy Bitcoin On Coinmama? Having reviewed over 20 exchanges by now, I know that when people leave reviews online its almost always negative reviews because they are pissed off about something. Coinmama has a simple interactive UI that would support your daily use of Coinmama. Coinmama delivers coins within minutes of purchase. All rights reserved. Coinmama is offering brokerage service which costs 5.9% fees on every transaction being made and it changes depending on the number of tokens being purchased. Supported crypto coins: 90+ Coinbase prides itself on giving you an easy and simple platform to buy and sell cryptocurrency. If you pay with a different currency additional fees may be incurred. Only Visa/MasterCard are supported. Rates are calculated by the XBX Index average + 2% (STD dev) + Coinmama sales fee of between 0.1% and 0.9%. Company Facts: Coinmama is one of the fastest ways to get started with purchasing Bitcoin and Ethereum with a Visa or MasterCard credit card or debit card. Apart from two of the above IDs, you will also need to upload a utility bill. Password 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. Then, to buy Bitcoin, click the "Buy/Sell" tab as shown below. Support Email: support@coinmama.com Today the company is headquartered in Dublin, Ireland and operated by Cmama Ltd. a subsidiary of New Bit Ventures Ltd. Coinmama is also officially registered and regulated as a Money Service Business with FinCEN. The daily limit lasts 24 hours from the moment an order is placed. It saddens me to see they have recently stopped doing so. . "name": "Is Coinmama Safe? Yes. Coinmamas fees vary depending upon the payment method. 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. Invest in the world's leading cryptocurrency via Coinmama with just a few clicks Price Performance Price Unfortunately the necessary data for this indicator is not available at the moment. Coinmama services are only available in 24 states in the US. Your personal details and documents are encrypted, and your credit card details are not stored anywhere on the Coinmama website or servers. My Order Did something go wrong with your order? "offers": { Learn everything you need to know about Bitcoin in just 7 days. Every new customer to Coinmama must submit verification for their account. Coinmama is one of the Slovakia-based cryptocurrency exchanges offering bitcoin buying in 200 countries and dozens of states. Coinmama is a property of NBV International s.r.o, which is a daughter company of New Bit Ventures Ltd. Coinmama primarily accepts USD, EUR, GBP, CAD, and AUD but accepts all currencies. Fees incurred on buy orders depend both on the user loyalty level and method of payment. Level 3 The same as Level 2, and you must be nearing your 50,000 USD account limit. Coinmama's team has placed emphasis on customer support throughout the platform, which will be touched on later in this review. "@type": "Question", Our funding providers may, at their own discretion, deny funding to certain geographical locations. Help Centre: A comprehensive library of articles is available to assist users with queries. Do note that there is a minimum purchase amount of USD50 equivalent. "brand": "Coinmama", Poloniex caters mainly to U . }] }, The exchange has over 2.2 million users, features a fast-track verification process and is available in 190 countries worldwide.

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