Coinmama Review — Where To Buy Cryptocurrency Easily & Instantly
Coinmama Review — Is It Worth It? Coinmama is where to buy cryptocurrency easily & instantly, it is a global marketplace.
Coinmama was founded in 2013 with an aim to make it quick and easy to purchase digital currencies.
Since its establishment, it has expanded to over 190 countries and has served over 3 million customers worldwide.
Coinmama allows you to buy crypto easily and instantly with coins going directly to your personal wallet.
Selling crypto is easy even if you have bought it from a different exchange, all of your payments go directly to your bank account.
Coinmama is safe because it does not hold customers payment information and it also does not hold your funds.
You have complete control over Coinmama!
Coinmama Review — Types Of Cryptocurrencies
Bitcoin (BTC)
Bitcoin Cash (BCH)
Ethereum (ETH)
Dogecoin (DOGE)
Cardano (ADA)
Litecoin (ETC)
Ripple (XRP)
Tezos (XTZ)
Chainlink (LINK)
Uniswap (UNI)
Coinmama Review — Fiat Currencies
United States Dollar (USD)
Euro (EUR)
Australian Dollar (AUD)
Canadian Dollar (CAD)
Great British Pound (GBP)
Japanese Yen (JPY)
Coinmama Review — Trading Fees
2.86% — 3.90%, this depends on your loyalty with the exchange.
Coinmama Review — Deposit Methods
Debit Card
Credit Card
Bank Transfer (SEPA)
SWIFT
Fedwire
Apple Pay
Google Pay
Skrill
Open Banking
Coinmama Review — Buy Cryptocurrency Easily And Instantly
Yes, there are only 10 cryptocurrencies within Coinmama but it is very easy to use and is beginner friendly.
There aim is to make it so easy to buy cryptocurrency and they have fulfilled there goal.
Coinmama is so easy to use anyone can get involved, you just simply click buy and select the cryptocurrency you would like to purchase and the amount of fiat currency and just literally click Buy Now.
There is no need to place an order on the market or watch price fluctuations, selling is just an easy process.
Cryptocurrency has never been easier to purchase online, unlike other cryptocurrency exchanges where you need to first deposit fiat currency into your account then buy crypto and then finally transfer the funds to your external wallet.
Coinmama takes the payment at the point of sale, then sends the crypto directly to your wallet.
When you sell your crypto, it goes straight from your external wallet, and the fiat funds from the sale are sent straight to your bank account.
Coinmama is a safe way to buy and sell cryptocurrency because it is non-custodial meaning they never hold your crypto assets nor your fiat currency.
Your funds are securely held in your possession and not online with Coinmama, even if Coinmama was hacked you can not lose any of your cryptocurrencies.
If you are looking for a safe trustworthy option and a quick way to buy and sell cryptocurrencies, then Coinmama is definitely the marketplace to use.
Coinmama Review — Key Benefits & Advantages
Coinmama operates differently to many of the other crypto exchanges, and here is the main reasons why over 3 million users choose to buy there cryptocurrency through Coinmama.
Easy To Use — Perfect For Beginners
Buy And Sell Crypto Instantly
10 Of The Most Popular Cryptocurrencies Are Available
Non-Custodial — You Have Complete Control Over Your Assets At All Times
Credit And Debit Cards Are Accepted
Loyalty Program — Reduce Fees And Save Money
Customer Support With Live Chat And Email Assistance
High Spending Limits — Up To 30,000 USD At A Time
Coinmama Review — Negatives & Disadvantages
Coinmama does has some downsides to it nothing major, you can find more details on there website by clicking one of the links.
Only 10 Cryptocurrencies Are Available
It Does Have Higher Transaction Fees Then Some Other Cryptocurrency Exchanges
Not Available In All US States
No Charts To View Price History Of Crypto Currencies
Coinmama Review — What Services Do Coinmama Offer?
Coinmama is unique compared to other cryptocurrency exchanges, so what does it offer to you?
Let’s have a look to see what you can expect from Coinmama!
Easy To Use — Perfect For Beginners: Coinmama has a user-friendly that makes it really simple to navigate, even for complete beginners to the cryptocurrency industry.
From the screenshot below you can see how easy it is to buy Bitcoin.
There are pre-set amounts you can choose from ($150, $500 or $1,000) or you can type a different amount you want, at the far right.
There is no confusing charts, or markets that you need to understand before purchasing off of this exchange.
Buy And Sell Cryptocurrency Easily And Instantly: Coinmama allows users to buy and sell cryptocurrency easily and instantly, for convenience and to save time.
Most cryptocurrency exchanges require pre-funding of the account, so you need to deposit fiat currency, then buy your selected crypto, and finally transfer the funds from your online exchange wallet to your external wallet.
Coinmama cuts down this process, with your payment made directly at the time of purchasing, and the crypto sent directly to your hot or cold personal wallet.
When selling your cryptocurrency, it goes straight from your external wallet, and the fiat funds are sent directly from your bank account.
10 Of The Most Popular Cryptocurrencies: Coinmama offers access to the 10 most popular cryptocurrencies in the world.
These are Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Dogecoin (DOGE), Cardano (ADA), Litecoin (LTC), Ripple (XRP), Tezos (XTZ), Chainlink (LINK), Uniswap (Uni).
Non-Custodial: You Remain In Control Of Your Assets At All Times: Coinmama is a non-custodial cryptocurrency broker, meaning they neither hold your crypto assets nor your fiat funds.
You always have the funds securely in your possession, so you don’t need to worry about trusting Coinmama with your investments.
Even if Coinmama is hacked, you will not lose any crypto because its always personally stored in your hot or cold wallet.
Credit And Debit Cards Are Accepted: Coinmama is one of the cryptocurrency brokers that accepts debit and credit cards.
This is convenient as some other exchanges don’t support card payments.
Loyalty Program — Reduce Fees And Save Money: Coinmama offers a loyalty program with three levels, based on your purchase amounts.
Enrolment is free and automatic, and your savings are applied automatically.
The three loyalty levels are:
Crypto Curious — The initial level, and fees for buying are 3.81% and selling are 3.90%.
Crypto Enthusiast — Cumulative purchase amount of $5,000 USD over a rolling 90-day period, fees are reduced to 3.34% and selling fees will be 3.41% now too.
Crypto Believer — Cumulative purchase amount of $18,000 USD over a rolling 90-day period, or a lifetime purchase amount above $50,000 USD.
Customer Support With Live Chat And Email Assistance: Coinmama has a help centre to assist you when you find yourself with an issue.
You can search the help topics as a first point of call, and if that doesn’t help, there is a live chat function.
You are initially faced with a bot that tries to direct to the correct information, but if that isn’t sufficient, you can click the button to chat.
If there are any agents online, they will be able to assist you, otherwise you can leave an email which they will respond to it when they get to it.
High Spending Limits — Up To $30,000 USD At A Time: At Coinmama you can buy large amounts of crypto, with the limit set at $30,000 USD.
At some other cryptocurrency exchanges, you may have and issue placing a large order, due to liquidity and slippage issues.
On Coinmama, your purchase price will remain at the set price.
Coinmama Review — Deposit/Payment Fees
Coinmama technically doesn’t have deposits, as users don’t deposit to pre-fund the account.
Instead, Coinmama accepts payment directly at the time of purchase.#
The payment fees vary depending on the method you use.
Fedwire, SEPA, Swift, Open Banking: Free Of Charge
Debit Card, Credit Card, Apple Pay, Google Pay: 5% Fee
Skrill: 2.5% Fee
Coinmama Review — Buy/Sell Fee
This transaction fee you pay for buying and selling cryptocurrencies on Coinmama depends on your loyalty level.
Loyalty levels are based on your cumulative purchase amount in the previous 90 days.
If you have just signed up to Coinmama, your loyalty level will be Crypto Curious.
The buy/sell fees for the 3 levels are below:
Crypto Curious — The initial level. Buy Fees: 3.81% Sell Fees: 3.90%
Crypto Enthusiast — Cumulative purchase amounts of $5,000 USD over a rolling 90-day period. Buy Fees: 3.34% Sell Fees: 3.41%
Crypto Believer — cumulative purchase amount of $18,000 USD over a rolling 90-day period, or a lifetime purchase amounts above $50,000 USD. Buy Fees: 2.86% Sell Fees: 2.93%
Coinmama Review — Pros
Easy To Use Buy And Sell Crypto Instantly
Non-Custodial Platform So You Remain In Control Of Your Funds At All Times
Free Loyalty Program To Reduce Fees
Credit And Debit Cards Are Accepted
Customer Support With Live Chat And Email Assistance
Coinmama Review — Cons
Only 10 Cryptocurrencies Available
Higher Transaction Fees Compared To Some Other Exchanges
No Charts To View Price History Of Cryptocurrencies
Coinmama Review — Conclusion
Coinmama is brilliant for anyone even beginners, at this marketplace you can buy the 10 most popular crypto currencies out there.
It is really simple to use and a trustworthy exchange as it s non-custodial, so you never have to worry about your purchases, so it does not matter if Coinmama gets hacked your cryptocurrencies will be fine.
The customer support is on point and is very good, you can use a bot to guide you where you need to go, if that does not work out you can use live chat to speak to an agent, and if that doesn’t work out you do have an option to send them an email, they will get back to you as soon as they can.
Coinmama purchase are made so easily and instantly you do not have to worry about jumping through loads of hoops to get your desired purchase like other cryptocurrency exchanges.
It is so simple to get started with Coinmama, and there are many payment methods to choose from, it’s so easy to get started.
Thank you for reading my review, I have put the link below it will send you to Coinmama website where you can get started and it is where to buy cryptocurrency easily & instantly today, have a good day!
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