Coinmama Review 2025
Coinmama is considered a legitimate, reliable, and secure platform with a longstanding presence since 2013. We also highlight Coinmama’s security features and customer support to help you decide if it’s the right exchange broker for you. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.
Instant Delivery to Your Crypto Wallet
Using a secure Wi‑Fi network instead of public hotspots lowers the chance of packet snooping during account creation. Verify the padlock icon, which shows the HTTPS certificate is valid, so your personal details and payment information travel over an encrypted channel. 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.
- However, it claims that CFD trading will be available soon on the platform.
- No, Coinmama doesn’t provide a wallet.
- Buy orders made with bank transfers do not incur any additional fees whereas transactions made with a fixed crypto rate and instant delivery incur an added 5% express fee.
- 67% of retail investor accounts lose money when trading CFDs with this provider.
These diverse payment options make Coinmama accessible globally with flexibility in fiat currency payments. This model offers transparency and trust, as users transact directly on the blockchain with no intermediary holding their digital assets. Additionally, a non-custodial model aligns with the decentralized nature of blockchain technology, giving users true ownership and control.
Additional Features
Despite being an extremely small denomination, the option to buy and sell Satoshi units is there. With Coinmama you can also sell Bitcoin for different fiat currencies such as US dollars, UK Sterling, and euros. To prevent another event like the infamous 2019 exchange hack, Coinmama has pledged not to store customers’ credit card details.
Once a user completes their payment and Coinmama confirms both the payment and the wallet address, the purchased crypto is sent directly to the user’s external wallet within one hour. Coinmama is accessible in over 188 countries worldwide, making it one of the most globally available cryptocurrency exchanges. It operates transparently, without offering custodial wallets, requiring users to maintain their own secure crypto wallets. When it comes to fees and commissions, you only pay a 0.5% fee to deposit funds via an e-wallet or debit card, which is much lower than the 5% express fee charged by Coinmama.
Coinmama Features
These metrics include everything from payments and fees to safety and user experience. This Coinmama review has covered all the key metrics you need to consider when choosing a crypto exchange to suit your trading needs. EToro, the social trading platform, which is now home to more than 20 million users worldwide, has tons of trading tools and resources for beginner traders to take advantage of.
This Coinmama exchange review will explore what makes Coinmama stand out from other cryptocurrency platforms. It allows quick, direct purchases of major cryptocurrencies with instant delivery to your own wallet, supporting various payment methods including credit cards, bank transfers, and digital wallets. The platform is transparent about its costs, including a spread fee, the commission fee, and payment processor fees. It is part of why Coinmama’s fees are higher than some other exchanges that use tighter spreads but may charge separate trading commissions. Coinmama’s spread fee is the markup added to the market price of cryptocurrencies when you buy through their platform. Coinmama operates on a non-custodial model, meaning users retain full control over their cryptocurrency assets rather than the platform holding them.
#2 Provide Your Email Address
It’s a great tool for users who want to rebalance their holdings or explore new coins without going through multiple transactions. This is already embedded into the price you see on the platform. Let’s dive into Coinmama’s pros and cons before exploring its platform further. Coinmama offers a unique crypto-shopping experience with its user-friendly interface, quick transaction process, and non-custodial approach. She has covered many topics, from crypto adoption to regulatory developments, delivering well-researched analysis with clarity and depth.
Transaction Fee
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. Unlike traditional exchanges, Coinmama operates as a non-custodial broker, meaning it does not hold or store users’ cryptocurrency funds or payment details.
While the trading platform is only available to desktop users, Coinmama has recently released its non-custodial wallet on both IOS and Android. However, experienced investors will need to use a cryptocurrency trading platform to use advanced trading features and risk management tools. The fee charged by Coinnmama for buying and selling crypto is far higher than most other crypto exchanges. The program incentivizes users to trade increased volumes by rewarding them with reduced trading fees. Similar to other cryptocurrency trading platforms such as Binance, Kraken, EXMO, and Kucoin, Coinmama offers a loyalty system.
Is my personal information safe on Coinmama?
Buyers must hold or create their own wallets and provide an address for orders placed on platform. Coinmama lets verified users sell Bitcoin and Ethereum back to fiat, wiring proceeds via SEPA or SWIFT. If you need day‑trading tools, deep liquidity, or hundreds of assets, you may prefer other exchanges. Coinmama fits beginners who want to buy crypto quickly with household payment methods.
Coinmama calculates its fees based on the TradeBlock XBX Index, which is the mean rate or market rate based on all registered providers. When it comes to fees, Coinmama is renowned for its low-cost commission model. Furthermore, in the third quarter of last year, Coinmama settled an agreement with Apple and now supports the use of Apple Pay for cryptocurrency transactions. Currently, Coinmama users can buy and sell Bitcoin and eight other altcoins including Ethereum, Ripple, and Litecoin.
- The platform is registered with FinCEN and has been operating since 2013.
- Online reviews indicate that the platform is quite reliable.
- A loyalty program offers up to 25% fee discounts for high-volume users.
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That spread counts as part of the hidden fees many first‑time users overlook. The fiat currency support list continues to grow, giving residents of many regions an easier path from bank account to crypto wallet. This design keeps your account safe from a security breach at the exchange since the funds spend almost no time in a hot wallet. Coinmama is coinmama exchange review a crypto platform that sells coins directly to customers rather than matching buyers and sellers in an order book.
On top of the market rate markup, there is a commission fee of up to 3.9% for buying and up to 0.9% for selling. Coinmama includes a 3.9% markup on the market rate when selling crypto. Users can buy more than 100 different cryptocurrencies with Coinmama. In this part of the Coinmama review for beginners, we will explore Coinmama-supported cryptocurrencies. Users can register, purchase, and sell from these countries, with some regional restrictions depending on local laws and supported payment methods.
The minimum order sits at fifty United States dollars, and the daily ceiling for a Level One account reaches fifteen thousand. Coinmama supports five payment rails that cover most day‑to‑day banking habits. Added regulatory oversight and a clean interface give crypto newcomers confidence during their initial purchases. All card data stays with certified payment processors rather than the Coinmama website which reduces the risk of data leakage.
Moreover, eToro also supports multiple e-wallets such as PayPal, Skrill, and Neteller. This is somewhat expensive when you take into account that eToro provides free deposits for US-based clients. Adhering to and complying with such stringent regulations set by top-tier financial authorities ensures that client funds are protected and that you are trading in a fair and transparent environment. The group has useful information including relevant FAQs, YouTube content, and discussions about the user experience on the Coinmama platform.
Network Fees (Blockchain Fees)
Users are responsible for securing their wallet’s private keys and seed phrases, meaning that losing these keys would prevent recovery of their digital assets, underscoring the importance of personal security practices. This approach enhances security because users alone hold their private keys, which are essential for accessing and managing their funds. Limits vary by payment methods, with bank transfers allowing higher daily transaction amounts than credit cards.
As a result, Coinmama enables the purchase of digital assets, but no funds are stored directly on the exchange, significantly reducing the risk of a digital attack. However, users can contact the Coinmama team for less common queries via email. Furthermore, Coinmama offers a live chatbot to help users with basic requests.