The platform allows users to purchase crypto with fiat money. Use the search option to find the answer to your question. There are no additional fees for the withdrawal of coins from Coinmama. 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%. Password The fiat selection consists of US Dollars, Euros, British Pounds, Canadian Dollars, Australian Dollars, and Japanese Yen. There is also a comprehensive Support FAQ that covers everything you need to know about the Paxful marketplace. To qualify you must have been purchasing cryptos for at least 30-days. As long as your account is verified, once your order is placed, your bitcoin will arrive in your bitcoin wallet in approximately 10 minutes. Coinmama has a complete help center and also a dedicated support channel via email. Email . We currently support instant credit and debit card purchases of cryptocurrencies in the following countries: . See here for details on verification levels. With high spending limits and instant delivery of cryptocurrency, Coinmama delivers a first-class experience for beginners and high rollers. Coinmama provides an exchange to support the buying and selling of cryptos. Step 4:From here you will be brought to the accountverification page. "text": "You can get in touch with Coinmama customer support through a few trusted channels. Every new customer to Coinmama must submit verification for their account. And they boast 68+ million users in 100+ countries , making them one of . In addition, this helps us fight fraud and keep your account safe. Coinmama is more of a brokerage than a crypto exchange. } The short answer is yes. There are 10 assets available to buy, but you can only sell Bitcoin. When it comes to exchanges, Coinmama is often compared to Coinbase. Several email correspondences were needed to get up and going. Coinmama is a venture of NBV International that is registered in Slovakia but currently operates from Israel. As soon as I got home I created a, Bitcoin Wallet, on my Home Computer, through BitPay, & funded it through my BRD Wallet and then I was finally able to purchase a, Cold Storage Wallet from, Ledger their, Nano-X! With the small amount of Bitcoin I now have in several Wallets, As soon as I take delivery of my Ledger Nano-X and set it up I can begin using their Ledger Live Service I can begin my true collection of BTC & ETH thru the, Ledger Live App & they get my coin from services like CoinMama deposited straight into my Cold Wallet for safest keeping. Continue reading for the most comprehensive review on the web. The executive team consists of Asaph Schulman (CEO), Nimrod Gruber (Co-Founder), Martin Koelbaek (CHO), Guy Ben-Yossef (CFO), Yaki Oliel (CRO). Coinmama ensures speed of delivery, with cryptos reaching buy wallets within minutes. Being a top backer of a project with clear leaders would have given them an edge, and this is totally antithetical to the mission Bitcoin first set out to accomplish. "@type": "Answer", Restricted U.S. states Hawaii New York Restricted U.S. territories American Samoa Guam Northern Mariana Islands Puerto Rico United States Minor Outlying Islands Virgin Islands We are always working to serve new locations, so check in regularly to see if any changes have been made. Their only downside, in my opinion, is the high fees. The more you buy or sell with Coinmama the more you save on fees. Coinmama is currently available in more than 180 countries worldwide, including Malaysia, and it also accepts all local currencies. The process is called verification and is something everyone must go through before buying crypto anywhere. A friendly experience in these days of automation! Great customer service and really easy to use. "priceCurrency": "USD", "reviewRating": { As a financial service, Coinmama is committed to the highest security and privacy standards backed by excellent customer service. In this review Ill cover the company, its services and also compare it to other leading brokers. }. This is lower than the 5.9% Coinmama charges. However, it imposes limits on trade amounts to discourage fraud using fiat money. The following cryptos are available for purchase on Coinmama: Bitcoin (BTC), Bitcoin Cash (BCH), Cardanos ADA (ADA), EOS (EOS), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Qtum (QTUM), and Tezos (XTZ). Coinmama is a leader exchange in the crypto community by a group of crypto experts and entrepreneurs. Troubleshoot here! Coinmama is a cryptocurrency exchange that has been around since 2013 and is available in 188 countries. Antarctica 7. Supported Countries Yes. To fight fraud all users are required to submit verification before making a purchase. Bahamas 14. 30,000 USD, Monthly spending limit: ? Just beware before submitting your ID and credit card information. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. Now, you need to upload your documents. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. The monthly limit is a moving sum of the last 30 days. They were and are SPLENDID! Coinmama operates in over 190 countries and territories worldwide. The company was founded in 2013 by Asaph Schulman (CEO), Nimrod Gruber (Co-Founder), Martin Koelbaek (CHO), Guy Ben-Yossef (CFO), Yaki Oliel (CRO)." There are no wallets on the site, meaning that any purchase made is sent directly to the purchaser's wallet address of choice. Both have a good reputation. Coinmama is a leading cryptocurrency exchange that allows you to buy and sell bitcoin and other cryptocurrencies with a credit card and/or bank transfers. They have a Help Center where you can search to find answers to your question/s. Coinmama accepts only Visa and Mastercard. "acceptedAnswer": { On top of the stated price, you will also need to add a 5% credit card processing fee. Users can locate the cryptos available for purchase on Coinmama by clicking the Buy dropdown menu as shown below: Coinmama supports the purchasing of cryptos and the sale of Bitcoin. Log in. These are available on the Help Center page. Anyone can get started and purchase bitcoins within an hour. Payment methods Barbados 16. However these are just standard Know Your Customer (KYC) and Anti Money Laundering (AML) policies that most legit exchanges must adhere to. Be forewarned though that level 2 and level 3verificationmay take up to six hours or more. Once you have completed the payment details, complete the transaction. This may impact how, where and which products / companies / services we review and write about. i have complained by mail but they wont give me an answer. You can purchase . Benin 19. There are no withdrawal fees when purchasing cryptos on the Coinmama platform. I never had an agent like Alex. This means that Coinmamas price can be as much as a total of 10.9% above the market rate. However, it is a secure platform that has successfully helped over 3 million users purchase digital assets in 188 countries. "offers": { If Coinmama is not serving your state, you have other alternatives such as Paxful, CEX.IO and/or Coinbase. Affiliates can: Becoming an affiliate is fast and easy. Dont hesitate to use this platform. Level 1 Requires 1 valid government issued ID and a selfie of yourself holding that ID and a note with Coinmama and today's date written on it. 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. My Order Did something go wrong with your order? It offers services to over 180 countries around the world. Blog: A dedicated blog page delivers users with the latest crypto news and views, key for any crypto investor. "name": "Coinmama", send a transfer of 500 euros for a bitcoin purchase. Coinmama only supports the sale of Bitcoin, and not the other Coinmama supported cryptos. We also partner with third-party platforms to complete transactions in select areas that we're currently unable to serve directly & offer our very own Non-custodial wallet for IOS & Android devices New to Coinmama or don't have a verified account yet? Requiresa valid government-issued IDand aselfie of yourself holding that ID and a note with Coinmama and todays date written on it. Powered by Siteground. Once you have created your account, Coinmama will then prompt you to complete your profile. Supported Cryptocurrencies. },{ After submitting your details for verification, well then quickly go over it and make sure everything looks good. "@type": "Answer", Support Email: support@coinmama.com Coinmama does provide 24/7 email support, however. All rights reserved. Coinmama is not a wallet service. All transactions are between the user and Coinmama. 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. This usually happens within the hour. Coinmama is not a wallet service. 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. Bisq offers unlimited amount of trades. Having been launched back in 2013, Coinmama was also amongst the first to support the purchase of Bitcoin with credit and debit cards. Receive unlimited Bitcoin. Commissions are paid out once a month after you reach a threshold of $100 since the last payout. Once verification and purchases have been approved you will receive your purchased digital currency instantly into your bitcoin wallet." ", Affiliates earn 15% of fees for the lifetime of each customer they refer to Coinmama. The different cryptocurrencies supported on this platform include Bitcoin, Cardano, EOS, Bitcoin Cash, Etherum, Ethereum Classic, Qtum, Tezos, and Litecoin. window.__mirage2 = {petok:"WgpiZBLxhAby4tG2DqiF5QTMMfQp4nATYxsI4D.kRJg-5356800-0"}; Coinmama sells crypto out of its own inventory. For demonstrative purposes, we will keep going with the desktop. Credit card or debit card is the most popular method of payment. The more referrals an affiliate makes, the more Coinmama pays in Bitcoin. Coinmama is supported in over 190 countries and is constantly adding more (view list). As instructed, ensure that: Now take a selfie. and now they wont let me buy bitcoin and wont give me my money back. You need a cumulative purchase amount of 5,000 USD over a 90-day rolling period to maintain status. 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 theTrezor One. Crypto purchases can be made in Aussie Dollar, Canadian Dollar, EURO, Japanese Yen, British Pound, and U.S Dollars. Available via the mobile app. Numerous crypto exchanges and trading platforms do not facilitate the sale of cryptos and withdrawal of fiat money. The process is fast. You will also need to enter your country of residence and provide your address and phone number. To protect both parties from this, Coinmama locks the Bitcoin price for you as soon as you submit your order. . It was founded in 2013 and the first platform to allow purchases using a credit card. Apart from two of the above IDs, you will also need to upload autility bill. 15,000 USD / ? 20 / ? Coinmama, based in Slovakia and founded in 2013, is a property of NBV International, which is a daughter company of New Bit Ventures Ltd company. Orders placed by bank transfers do not incur a momentum fee and carry no additional fees. It is a centralized service with a large user base of over a million satisfied customers. The customer support is speedy, and the website offers a comprehensive support section for users. Company Facts: Coinmama is one of the fastest ways to get started with purchasing Bitcoin and Ethereum with a Visa or MasterCard credit card or debit card. Heres a short comparison of Coinmamas brokerage service compared to other popular services around. Coinmama offers its services worldwide with the exception of sanctioned countries and several US states. },{ Total cumulative crypto purchases at Level 1 verification are also capped, at 15,000 USD. Changelly takes 5% on top of the existing 5% payment processor fee. Coinmama is an excellent way to purchase Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Ethereum Classic, Qtum, and Cardano instantly with a Visa or MasterCard credit card or debit card. If you have general issues feel free to send an email to the support staff or submit a ticket here. Credit or Debit Card: 5% momentum fee: Locked rate and fast delivery that is instant. Omer was the BEST! 2023 Coinmama Exchange Review: Leadership Page. IMPORTANT The fees stated in this table are for credit card purchase only. On the other hand, brokerage services are usually more expensive. Coinmama specializes in selling Bitcoin and cryptocurrencies instantly with a credit card, or with bank transfer and is one of the most popular exchanges in the world. See this guide for more instructions on how to place an order. ", Some regions are not yet able to use debit or credit cards. At this stage, Coinmama will proceed with the verification process and notify you by email upon completion. Customer support. As a financial service, Coinmama is committed to the highest security and privacy standards. Anyone can get started and purchase bitcoins within an hour. //