It’s wise to never invest any more than you can afford to lose. Depending on your country of residence, you may not be able to use all the functions of the site. It is your responsibility to follow those rules and laws in your country of residence or in the country from which you access this site and service. There are plenty of articles available via the help center to assist users in navigating and understanding the processes. Coinmama supports the purchasing of cryptos and the sale of Bitcoin. You will also need to enter your country of residence and provide your address and phone number.
- You can easily buy and sell bitcoin and other supported coins, as well as recommend this service for your newbie friends looking for a simple yet secure way to accumulate crypto.
- Not only this, but you also have lots of different options such as market orders and kill-or-fill orders.
- The College Investor does not include all companies or offers available in the marketplace.
- There is also an extensive knowledgebase with FAQs which is very useful for the most common issues users have with the exchange.
- Selling digital currency with Coinmama is currently available to customers in Europe that are part of SEPA.
- Customers who reach the Crypto Believer stage will see 25% off the transaction fee on any purchase they make.
Daily, bankcards can only place a maximum order of £5,000, with a max quantity of 5 orders and wire transfers can order up to £15,000 with 10 orders at a maximum. Monthly, bankcards can place a max order of £15,000 with 20 orders and wire transfers can order £15,000, with up to 50 orders. The total maximum order amount is £15,000 with both payment methods.
Buying your first stocks: Do it the smart way
Coinmama even has a VIP verification for high limits of transactions. It has customer-focused values, endeavouring to put the customer first. They describe the platform as the “friendliest exchange in the world”, and the team page only lists first names, which is a nice touch. Learn more about what the platform offers and how the service holds up to its competitors in our Coinmama Review. I had a problem with my wallet, the funds wasn’t showing up so I had to disconnect and re-import the wallet which is easy to do.
Since cryptocurrency transactions are irreversible, it’s very important to provide the correct address for your order. Coinmama is a reputable company, and their support is pretty good. Unfortunately, this can’t be avoided when using a credit card, but considering the prompt service, it’s sometimes worth the cost.
Coinmama at a glance
So, no need to wait for hours and days to start buying and selling cryptocurrencies. Coinmama does not store your credit card details or have access to your cryptocurrency holdings at any time. The platform is a non-custodial crypto broker, so your crypto purchases are always sent to your secure crypto wallet and not held on the exchange. Not all cryptocurrency platforms support credit cards or the use of a debit card but Coinmama does. They allow their traders and investors to buy Bitcoin or any other currency with a credit card or debit card at any time. All credit card purchases incur a 5% commission which is fairly typical and certainly a lower commission than some other platforms.
Coinmama is a cryptocurrency brokerage that makes it easy to buy and sell crypto for the fiat currency of your choice. It is a non-custodial platform, meaning that you should own a private cryptocurrency wallet before you start using the service. Coinmama offers discounts on commissions through its loyalty program. The first is the default level, and the next two have spending requirements. In addition to commission discounts, they also get you faster support. When you place a buy order, you need to provide a wallet address to receive the cryptocurrency.
Coinmama Reviews by Customers
Coinmama’s easy interface and simple transaction flow may be attractive to those new to cryptocurrency trading, but its fees are pricier than many competitors. View our picks for best bitcoin and cryptocurrency exchanges. Coinmama provides an exchange to support the buying and selling of cryptos.
On Coinmama it’s not possible to trade cryptocurrencies or to trade crypto derivatives like Bitcoin futures. Instead, Coin mama is a buying platform which enables traders and investors to purchase cryptocurrencies like Bitcoin and Ethereum. Coinmama is GDPR compliant, and all personal information and documentation is encrypted. Coinmama does not store credit or debit card details on the website or servers. Coinmama supports users with 24/7 access via email or telephone, which positions it well in the cryptocurrency space when compared to other exchanges.
Coinmama Registration, Login, and Purchase Limits
Conventional stocks have become unpredictable and, in some people’s eyes, poor investments. As nontraditional investments such as crypto have gained traction, some investors have wondered how to capitalize on such growth. I’m a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete https://www.tokenexus.com/ and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations. Customers are automatically enrolled in the Crypto Curious level at account setup. The site does also have a California mobile number listed that takes messages only.
