The platform then passes through the blockchain miner charge, which on Bitcoin averaged 3.20 USD per transaction in June 2025. Selling crypto back to fiat on Coinmama is limited to Bitcoin and Ethereum only and carries a desk spread that sticks close to five percent. Gemini and Bitstamp both offer call‑back forms for United States residents, a service gap that Coinmama customers still notice in feedback surveys. Coinmama is a broker, not a custodian, so every order requires a destination wallet address. Roughly 78 percent of platform turnover during May 2025 came from BTC and ETH alone, leaving thin liquidity in the other eight markets. Coinmama adds an average platform spread of about five percent to every buy or sell quote, then layers a five percent processing surcharge when you pay coinmama exchange review with a Visa or Mastercard.
Azcryptoexchanges.com is a free website which helps investors decide which broker/exchange is best for them. We azcryptoexchanges.com do not take any kind responsibility for any risks or losses. Making an account is easy and Coinmama’s account verification time is quick, with most users getting verified within a few minutes. It is a non-custodial platform that supports 44 fiat currencies for buying cryptos, which is an exceptional number of available options. Coinmama is set to launch its very own crypto wallet, bringing the same simplicity, transparency, and trust. Coinbase includes staking, a learning rewards program, and a mobile app, while Coinmama focuses more on simple crypto purchases with fiat and direct wallet transfers.
- The best wallet for Coinmama crypto purchases depends on your preference for security and convenience.
- Your crypto is sent immediately after both your payment and wallet address have been confirmed.
- These platforms accept cards, support bank transfers, hold order books, and list hundreds of assets.
- This extra layer cuts the risk of account takeover if somebody discovers your password later.
- For example, if you have a budget of $2000 simply divide it by 1.05, and therefore the amount you can spend when selecting how much crypto to purchase would be $1,904.76.
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- However, through its separate Swaps feature, users can swap 500+ tokens without needing a registered account or completing KYC.
- Just specify the number of crypto coins you want to purchase, enter your payment details.
- Using a secure Wi‑Fi network instead of public hotspots lowers the chance of packet snooping during account creation.
- Coinmama fits beginners who want to buy crypto quickly with household payment methods.
- Additionally, Coinmama supports quick buy and sell functions, allowing verified users to sell Bitcoin and Ethereum back to fiat currency and receive payment via bank transfers such as SEPA or SWIFT.
When investing or trading in securities you will be accepting a high amount of risk. Coinmama offers career opportunities for those passionate about crypto and financial empowerment. It’s a well-supported program that empowers content creators to earn while sharing a platform they trust. Coinmama users can earn up to 30% commission for every purchase their referrals make through the affiliate program. The upcoming Coinmama wallet is designed to help you take full control of your funds. Coinmama provides a seamless experience when you buy Bitcoin with a credit card, offering a straightforward and user-friendly crypto calculator.
No In‑House Wallet
Instead, users buy crypto directly with fiat currencies using various payment methods (credit cards, Apple Pay, Google Pay, SWIFT, bank transfers), and the purchased crypto is delivered to the user’s personal wallet instantly. The platform primarily functions as a fiat gateway, enabling users to buy and sell a limited selection of popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dogecoin, and Ripple. In this Coinmama review, we cover the exchange, including how it works, its best features, pros and cons, transaction fees, and a guide to registering, buying, and selling crypto assets.
Supported Fiat Currencies
After you have signed up for a Coinmama account simply specify the amount of Bitcoin you want to buy, enter your payment details and confirm your crypto wallet address. While this does improve the security and safety of crypto exchange it means that you will need to source your cryptocurrency wallet when making any transactions. So, whenever users buy cryptocurrencies they can store the digital coins in a crypto wallet and thus use it to execute transactions.
Traders choose the quantity they wish to purchase with a range of payment options including Apple Pay which is very convenient and popular nowadays. Coinmama recommends ZenGo and Exodus which are hot wallets that give you access to your digital currencies and are stored either on your PC or online. The transaction limits are ongoing limitations which means that they apply to any specific 30-day or 24-hour period and are subject to your trading volumes. Coinmama’s transaction limits vary depending on your verification level, payment method, and regulations. Coinmama’s sell rates are determined by the TradeBlock XBX Index market rate plus 2% and a selling fee between 0.9% and 1.9%.
How to Swap Crypto on Coinmama Desktop Platform
The company never stores private keys which is excellent for security, but newcomers must download a separate crypto wallet first, record seed words, and test an inbound micro deposit. The coinmama exchange lists ten digital assets at present which covers Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Cardano, Chainlink, Tezos, Uniswap, Dogecoin, and Qtum. A starter order of 300 USD in Bitcoin therefore carries roughly 30 USD in platform costs before the separate network fee hits the blockchain. Continuous monitoring and cold wallet segregation keep users funds separate from corporate capital, maintaining clear proof of reserves at all times. Coinmama Academy features more than forty short tutorials that cover topics like cold wallets, bank account details for SEPA transfers, and spotting phishing links.
Does Coinmama support fiat deposits and withdrawals?
Real-world testing revealed fees ranging between 10% and 15%, significantly above the advertised maximum of 3.9%. The exchange charges spread on trading pairs in addition to a level-based commission. The crypto exchange provides various services, including Buy/Sell, Swap, and Trade. Coinmama offers access to 80+ cryptocurrencies in an OTC market. Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk.
Open the Coinmama website by typing coinmama dot com into your browser address bar. Keep it nearby while buying crypto for a smooth first transaction experience. The Coinmama platform shows a progress bar during each stage so you know exactly which personal details remain missing. Active traders often route coins to a full order‑book exchange or a peer‑to‑peer desk where the combined cost of off‑loading BTC can fall under two percent.
Step 4: Place an Order
The points below flag the concerns most frequently reported by active users. No customer balances were lost, and since that event the platform records zero confirmed breaches. A security incident in 2019 exposed hashed passwords and email addresses; the firm reacted by forcing a global password reset and adding compulsory two factor authentication for every account.
Transaction Fee
Both platforms are regulated and implement strong security protocols. Coinmama charges a higher spread and transaction fee compared to Coinbase. It’s important to note that no funds were lost, and Coinmama responded quickly by alerting users, requiring password resets, and improving its internal systems. In terms of payment security, Coinmama is PCI DSS Level 1 compliant, which is the highest standard for secure handling of credit card and debit card data. The platform, established in 2013, takes user security seriously and has built its reputation around transparency and regulatory compliance. He also shared his frustration about people calling Coinmama a scam without any proof or real knowledge about the platform.
The exact fee depends on your loyalty level – users who trade more frequently can receive lower fees. This article will also delve into Coinmama pros and cons, discuss Coinmama user experience, and provide insights into its features, fees, and how it compares to other exchanges. CryptoNinjas is a global news and research portal that supplies market and industry information on the cryptocurrency space, bitcoin, blockchains.
The primary method of contact is through their support, where users can browse FAQs or submit a request directly to the support team. Coinmama offers reliable and responsive customer support to help users with any questions or issues they may face. However, Coinmama has not made webinars or live workshops a core part of their platform. Moreover, the exchange occasionally shares explainer videos and how-to guides through their YouTube channel and website. Coinmama offers a variety of educational resources designed to help users, especially beginners. Coinmama’s deposit and withdrawal limits vary depending on restrictions, your desired payment method, and your level of verification.
In this Coinmama Review 2025, we cover all the key metrics from fees, mobile apps, user experience, payments, regulation, and more. Buyers seeking lower fees or more coins can open accounts on Coinbase Kraken or Binance. If you seek a direct bridge from a bank account to digital currency without spending time figuring out order books, the coinmama platform delivers. Advanced traders who require limit orders, staking, or margin trading will likely migrate to other crypto exchanges after making their first buy. That spread counts as part of the hidden fees many first‑time users overlook.
Coinmama offers an Instant Buy and Sell option that provides fast processing and immediate delivery of cryptocurrencies to users’ wallets. Finally, after selecting a payment method (credit/debit card or bank transfer) and completing the payment, the purchased cryptocurrency will be sent to your external wallet immediately upon confirmation of the payment and wallet address. After verification, users select the cryptocurrency they wish to buy and provide a third-party wallet address to which the crypto will be sent. Regarding reputation, Coinmama has generally positive user feedback for quick transactions and ease of use, though some users note relatively high fees compared to other exchanges.