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Buy Coinmama Account

$120.00

Description of our CoinMama Account-

  • Full Verified.
  • Email account verified.
  • Real SSN Verified.
  • Trusted Bank Verified.
  • Quick buy and sell.
  • All country supported
  • Dedicated Ip address used.
  • Unlimited trade.
  • Payment method added.
  • Fully Secured.

Things you will get-

  • Login Credentials.
  • Verified documents.
  • Recovery E-mail ID.
  • Two-factor authentication.

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What is Coinmama?

Coinmama is a simple and user-friendly cryptocurrency exchange that allows you to buy a small number of digital currencies or invest in Bitcoin. While it was designed for newcomers with a easy-to-use platform and the first crypto exchange to enable purchases using a credit card, it’s also tailored to them. Read our comprehensive Coinmama review to see if it’s right for you.

Coinmama is a Dublin-based cryptocurrency trading platform that was founded in 2013 and now has offices in Tel Aviv, Ireland, and Dublin. Coinmam claims to have more than 2.6 million users in 188 countries thanks to its easy-to-use interface. Users can trade 10 digital currencies, including Bitcoin, Ethereum, and Cardano for fiat money such as dollars or pounds.

Coinmama is a popular Bitcoin exchange that offers numerous payment alternatives, including the ability to use Visa or Mastercard credit cards to buy cryptocurrencies. It’s possible that its popularity has come from this option, but I’m not sure it’ll impress investment advisors: Buying any sort of investment with a high-interest credit card may be hazardous. Coinmama signed an agreement with Apple in September 2020 for Apple Pay to be used for crypto purchases.

Coinmama distinguishes itself in two additional ways. One, unlike many other exchanges, Coinmama does not enable transactions between buyers and sellers; all cryptocurrencies sold are from Coinmama’s own inventory, so the transaction is between users and the firm. Two, while Coinmama doesn’t provide cryptocurrency wallets (the storage device for digital currencies), you will need your own crypto wallet to conduct any transactions since it doesn’t facilitate transactions between buyers and sellers.

Why Use Coinmama?

Coinmama is best for-

  • Cryptocurrency traders.
  • Bitcoin sellers.

Cryptocurrencies offered:

Coinmama allows buying of Bitcoin, Ether, Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos and EOS. Users can only sell Bitcoin for fiat currency (such as US dollars) on the exchange. This may deter some people who wish to trade other cryptocurrencies for cash or make cross-border trades.

Trading platform:

Coinmama’s uncomplicated transaction flow – trading directly with the firm – is reflected in its basic style. Users choose how much they want to buy, either by a whole number of dollars or a quantity of Bitcoins. The site allows you to purchase fractional shares of Bitcoin, allowing you to make purchases for as little as $50 worth of Bitcoin based on current spot trading prices. There is a $200 minimum for Bitcoin sales.

Crypto trading costs and transaction fees:

Coinmama charges 2% above the market rate as determined by TradeBlock’s XBX Index to trade cryptocurrencies. There is also a commission fee of up to 3.9% on crypto purchases and up to 0.9% on Bitcoin sales, which is greater than Robinhood’s no fees for Bitcoin trades. SoFi Active Investing costs 1.25 percent for Bitcoin transactions, eToro charges less than 1 percent, and Robinhood does not charge any fees for Bitcoin trades (Robinhood only offers cryptocurrency trading in select states).

The fees are lower at Coinmama for selling via its loyalty program. Users who make $5,000 in transactions over 90 days will receive a 12.5 percent discount on their sales fee; users who buy $18,000 or more in goods during the same period will save 25%.

There are several additional costs depending on payment method. Coinmama adds a 5% fee to purchases made by credit card, debit card, and Apple Pay. Another thing to remember is that Visa and Mastercard consider the use of credit cards to purchase cryptocurrency as a form of cash advance, which may result in extra fees from your bank.

Transfers funded by a SWIFT bank transfer are charged a flat fee of 20 British pounds (about $27) for transactions under $1,000. There are no fees associated with SWIFT bank transfers of $1,000 or more.

Security:

Coinmama never keeps customer funds or maintains personal payment information, so there’s no chance of losing your bitcoin or revealing financial information on the site, according to the company. Still, Coinmama announced in 2019 that 450,000 email addresses and hashed passwords were stolen in a data breach, which may deter some prospective consumers.

No crypto wallet or mobile app:

Although no crypto wallets to store digital currency eliminates the danger of your money being stolen in a hack, you’ll still need to acquire an online crypto wallet from a different vendor before making purchases on the site. Many inexperienced cryptocurrency users may find it simpler to obtain all of their needs via one location. Coinmama has a collaboration with ZenGo, which it recommends for new users who don’t already have a crypto storage wallet.

Also, Coinmama does not have a mobile app — even though its easy user interface may be used on a smartphone browser.

Availability in most U.S. states:

Coinmama is not accessible in New York or Hawaii, two of the countries where it was planned to launch. When creating an account with Simplex as a result of their residency in one of these 15 states, residents will be redirected to a third-party service: Alabama, Arkansas, Connecticut, Delaware, Georgia, Florida, Iowa, Louisiana, Nevada, New Mexico , Oregon , Rhode Island , South Dakota , Vermont , and Washington.

Is Coinmama right for you?

Coinmama’s simple user interface and straightforward transaction process might be appealing to newcomers to cryptocurrency trading, but it has higher costs than other firms.

Regardless of your decision, keep in mind that investing in cryptocurrencies like Bitcoin is highly speculative and subject to wild price fluctuations. It’s prudent not to invest any more than you can afford to lose.

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Advantages of Coinmama

Beginner-Friendly

CoinMama is the one exchange a crypto novice should use to acquire their first cryptocurrency. They made it easier to buy, and they explained everything in detail. CoinMama delivers coins quickly, and you may buy cryptocurrencies with credit cards or bank transfer.

Buying crypto is available worldwide

CoinMama, unlike other exchanges, enables you to purchase bitcoin with a debit card in more than 180 countries.

Easy to understand guides

CoinMama, one of the firm’s main objectives, is to educate the world about cryptocurrency. And they’re doing a fantastic job at it. In their knowledgebase, you’ll discover an answer to any question you might have.

Helpful support team

While CoinMama does not offer Live Chat or phone customer service, verified customers can use their email support to get answers quickly and accurately.

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