Coinmama provides an exchange to support the buying and selling of cryptos. Burning question for every crypto buyer are fees that platforms charge. 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. https://www.coinmama.com/blog/how-to-cash-out-your-bitcoin/. Coinmama offers very similar services to Coinbase, but which is the best site to buy Bitcoins? This may impact how, where and which products / companies / services we review and write about. Coinmama serves most countries, excluding those that are sanctioned, such as North Korea and Syria. In order to contact customer support, click the Help icon that is located at the bottom right of your Coinmama page. If you want to send Customer Support a message you can do so here. Please refer to our FAQ on debit and credit cards for the full list of accepted regions. At this stage, Coinmama will proceed with the verification process and notify you by email upon completion. Coinmama is a venture of NBV International that is registered in Slovakia but currently operates from Israel. You will also need to enter your country of residence and provide your address and phone number. 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. You must make a cumulative purchase amount of 18,000 USD over a 90-day rolling period. Coinmama, one of the world's oldest Bitcoin Broker, has its headquarters located in Slovakia. 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. The fees stated in this table are for credit card purchase only. Coinmama offers its services worldwide with the exception of sanctioned countries and several US states. "@type": "Answer", Strong emphasis on security as a crypto platform falling under the purview of FINCEN. Five stars for customer service. 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. Buy Bitcoins with your bank account through Coinmama. Is Coinmama Legit? Receive unlimited Bitcoin. In terms of regulatory compliance and licensing: Coinmama clearly holds an upper hand. In terms of supported currencies - also Binance with its hundreds of supported coins. Daily videos sent straight to your inbox. The platform was established to create the simplest financial service in the crypto space. Password Countries with limited support: China, Russia. All Rights Reserved. Your email address will not be published. It saddens me to see they have recently stopped doing so. Upload your passport, following the instructions provided. Coinbase has more options for cryptocurrency purchases (0x), while Coinmama supports Ripple and Cardano. 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 the Trezor One. 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%. A full list of supported countries is available on the Coinmama website. Crypto assets are highly volatile and largely unregulated. Affiliates can: Becoming an affiliate is fast and easy. In order to verify your account you will need to submit some form of identification. Coinmama is registered in Slovakia but is owned by New Bit Ventures Limited that is headquartered in Israel. Africa. This page may not include all available products, all companies or all services. Coinmama's supported cryptocurrencies. The only countries that Coinmama is not operational in are obviously sanctioned countries. "name": "How Can I Contact Coinmama Customer Support? However, it seems that lately they have optimized their service to offer a more competitive service. You need to submit a secondary ID. To fight fraud all users are required to submit verification before making a purchase. Based in San Francisco, California. Coinmama is currently available in 226 countries worldwide, and it also accepts all local currencies. The listings that appear on this page are from companies from which this website and Bankrate may receive compensation, which may impact how, where and in what order products appear. 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. Coinmama offers its services worldwide with the exception of sanctioned countries and several US states. Getting Started Are you ready to buy bitcoins instantly with your Visa or MasterCard credit card or debit card? The team behind Coinmama is top notch and they have an entire page devoted to the employees of the platform. Countries Supported. Supported Countries Currently CEX.IO BROKER operates the following countries: 1. Secured by Sucuri. Good information! Options available include Faster Payments, Fedwire, SEPA, Sofot, and Swift bank transfers and Apple Pay. Coinmama pays all earnings monthly in arrears. Bhutan 21. Fees incurred on buy orders depend both on the user loyalty level and method of payment. Users can either purchase cryptos by way of packages from the Buy page or purchase specific amounts. 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). Help Centre: A comprehensive library of articles is available to assist users with queries. SWIFT, SEPA and Faster bank transfers incur no fee. It is owned by NBV International (the daughter company of New Bit Ventures Ltd). See this guide for more instructions on how to place an order. "author": {"@type": "Person", "name": "Jeffrey Ito"}, 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. This can be anything from a drivers license to a passport. Bermuda 20. Launched back in 2013, Coinmama is registered in Slovakia, while owners New Bit Ventures are based in Israel. "text": "10 minutes. The majority of Coinmamas negative reviews complained about one thing the identity verification process. 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. "publisher": {"@type": "Organization", "name": "Smart Bitcoin Investments"} "bestRating": "10", //]]>. "@type": "Rating", All cryptos are immediately transferred to the purchasers specified wallet upon purchase. The platform allows users to purchase crypto with fiat money. 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/. Each payment method has its pros and cons, the information below will help you decide what's most suitable for you to use. Here's how it all works: Step 1: Create and Verify your Account Before you purchase any bitcoin with Coinmama, you need to create an account and verify your identity. 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. Coinmama is one of the oldest bitcoin brokers in the business. Address: 13 Kypranoros str, Evi Building 1st Floor, Office 104, 1061 Nicosia Phone: +35722310999. Bisq Rates and Buying Limits. How To Buy Bitcoin On Paxful With iTunes Gift Card There is no guarantee that any crypto asset will have at any time in the future certain value (if any) or market liquidity. Users are able to purchase Coinmama supported cryptos by credit or debit card or by bank transfer. Users claim that Coinmama requests a ton of information and in some cases rejects applications without giving proper explanation why. Barbados 16. With high spending limits and instant delivery of cryptocurrency, Coinmama delivers a first-class experience for beginners and high rollers. Changelly can be used from any country and supports the following fiat currencies: USD,GBP and EUR. Once you have clicked Buy Now, you will be prompted to enter your target crypto wallet address and choose your payment method. You then need to enter the amount of Bitcoin you would like to buy. For most bank-based payment methods like SEPA or Zelle the trade limit is 0.5 BTC . Coinmama's platform is operated by Cmama Ltd., established and registered in Ireland. Coinmama provides a very simple to use platform supporting the purchase of cryptos. Some regions are not yet able to use debit or credit cards. You have the choice between uploading a (1) Drivers License, (2) National or State ID, or (3) Non-US Passport. When ready to proceed, click "Complete My Profile" as shown below. When you have your ID, mobile phone, and pen and paper ready, click Lets Go. "text": "Coinmama is supported in over 190 countries and is constantly adding more." Coinmama Supported Countries. Requires filling out a short form. Key attributes of the Coinmama platform include: Coinmama has a rewarding affiliates program. Yes. Coinmama is an online cryptocurrency exchange supporting the purchase of cryptos. Crypto assets are at risk of losing substantial (or all) value within a short time period. 15,000 USD, Maximum number of daily orders: ? Coinmama is supported in over 190 countries and is constantly adding more (view list). "@type": "Answer", 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! Your personal details and documents are encrypted, and your credit card details are not stored anywhere on the Coinmama website or servers. Aland Islands 2. "@context": "https://schema.org/", 12,000 USD, Monthly spending limit: ? Coinmama does provide users with the QR code and download link for ZenGo in case you do not have any crypto wallets. Is Coinmama Safe? We strive to keep the list as up to date as possible, so we review it at least once a week. Coinmama holds no cryptos for users on the exchange. For SEPA bank transfers there is no fee (0%), however, your bank may charge additional fees. "reviewRating": { 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. Buy & Sell Limits Here are the daily spending and cyclical limits for liquidity on Coinmama exchange. Apart from two of the above IDs, you will also need to upload autility bill. Transaction limits vary based on your verification level. Supported Countries There are no additional fees for the withdrawal of coins from Coinmama. For completion of the verification process, please ensure the following: Once you have uploaded the selfie, click Looks Good. Users may also scroll down to the bottom of the exchange page to access the FAQ section, which is located under Quick Links. The Coinmama crypto list also includes Bitcoin Cash, Litecoin, Tezos, Ripple, Dogecoin, Monero, Uniswap, and Chainlink.