The company also operates in the United States . Unfortunately, this cant be avoided when using a credit card, but considering the prompt service its sometimes worth the cost. In addition to the ID uploaded for level 1, you need to submitasecondary ID. IT IS WRITTEN CLEARLY IN THE WEBSITE USERS FROM THE US CAN SELL THE BITCOIN ONLINE https://www.coinmama.com/blog/how-to-cash-out-your-bitcoin/. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. Anguilla 6. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. Click on the Send For Approval button. This particularly important in the volatile world of crypto. 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? At the moment we do not have any payment methods available for customers residents in the following countries: Afghanistan Albania Algeria Angola Antigua and Barbuda Argentina Armenia Australia Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belize Benin Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Darussalam Burkina Faso Since launching in 2013, Coinmama has amassed a total of 2,300,000 users across 197 countries. In order to contact customer support, click the Help icon that is located at the bottom right of your Coinmama page. Coinmama operates in over 190 countries and territories worldwide. The company focuses on customer experience and customer service so that transactions are super quick (user verification takes around 30 minutes). Coinmama's team has placed emphasis on customer support throughout the platform, which will be touched on later in this review. Credit or Debit Card: 5% momentum fee: Locked rate and fast delivery that is instant. However, it is a secure platform that has successfully helped over 3 million users purchase digital assets in 188 countries. } There are no wallets on the site, meaning that any purchase made is sent directly to the purchaser's wallet address of choice. For a complete guide on which form of ID is required in each country, Click on Buy and choose the cryptocurrency you want to buy, Decide on the amount you want to purchase and click buy now, (SEPA, SWIFT, Fedwire, FasterPayments, etc.). } Coinmamas fees vary depending upon the payment method. "author": {"@type": "Person", "name": "Jeffrey Ito"}, Only Visa/MasterCard are supported. LTD All rights reserved. "acceptedAnswer": { If you pay with a different currency additional fees may be incurred. 1 minute read. Users funds and cryptos are not held directly by Coinmama. Level 2 You need to submit a secondary ID. Supported Countries Their only downside, in my opinion, is the high fees. Your mobile phone with a working camera to take a selfie. Step 2: On the next screen you will find a screen where you can enter your personal details such as email, password, first name, last name, country of residence and possibly yourstate of residence as well. Apart from two of the above IDs, you will also need to upload a utility bill and complete a KYC questionnaire. Five stars for customer service. Coinmama is one of the Slovakia-based cryptocurrency exchanges offering bitcoin buying in 200 countries and dozens of states. Now, you need to upload your documents. "text": "Coinmama is a cryptocurrency exchange that specializes in credit card, debit card, and cash purchases for verified customers in countries all over the globe. This also helps keep your account safe, fight fraud, and more. Leading crypto derivatives exchange Bitget now supports TradingView as part of a partnership that allows platform users to access all of the global trading platform's instruments and communication channels. Rates are calculated by the XBX Index average + 2% (STD dev) + Coinmama sales fee of between 0.1% and 0.9%. https://www.coinmama.com/blog/how-to-cash-out-your-bitcoin/. 2. See below: Once you have decided on the USD equivalent amount of Bitcoin or the number of Bitcoin you wish to purchase, click Buy Now.. Coinmama sells cryptos out of its personal inventory. Alex and Joshua made my first ever, Bitcoin purchase experience welcoming! The process is called verification and is something everyone must go through before buying crypto anywhere. 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. To qualify you must have been purchasing cryptos for at least 30-days. Apart from two of the above IDs, you will also need to upload a utility bill. I never had an agent like Alex. The executive team consists of Asaph Schulman (CEO), Nimrod Gruber (Co-Founder), Martin Koelbaek (CHO), Guy Ben-Yossef (CFO), Yaki Oliel (CRO). Many more will be added soon. With high spending limits and instant delivery of cryptocurrency, Coinmama delivers a first-class experience for beginners and high rollers. Andorra 4. Omer represents Coinmama superbly well! There is also a comprehensive Support FAQ that covers everything you need to know about the Paxful marketplace. Furthermore, you can view confirmation of the order on the blockchain explorer." Since Coinmama neither holds cryptos on the exchange nor stores customer information, there is no 2-factor authentication. Level 1 Crypto Curious: New Coinmama users are Crypto Curious. Coinmama is the only crypto service, of any kind {besides, BitPay} I have been able to get a full verification with so far Coinbase said yes and then backed down. Bisq offers unlimited amount of trades. Check your email for a verification confirmation email. In terms of Coinmama fees vs Binance - Binance is cheaper (precisely Binance Jersey is cheaper, Coinmama has no trading fees as it offers no trading at all). "image": "https://mlitbglwlifo.i.optimole.com/cb:DKCa~1014e/w:300/h:75/q:mauto/f:avif/id:516f1f3e7e1e152109181f9ac46462d6/https://www.smartbitcoininvestments.com/coinmama_logo_blue_small.png", It operates in 188 countries worldwide, and is available in 24 US States. No. If you have any questions about this topic, feel free to contact Support. In order to make any type of purchase youll need to complete some form of identity verification. Coins Supported by Coinmama The following list includes the tokens and coins supported by Coinmama for the time being. "name": "Is Coinmama Legit? "datePublished": "2018-10-29", Angola 5. Azerbaijan 13. Antigua and Barbuda 8. Be forewarned though that level 2 and level 3verificationmay take up to six hours or more. Crypto purchases can be made in Aussie Dollar, Canadian Dollar, EURO, Japanese Yen, British Pound, and U.S Dollars. When ready to proceed, click "Complete My Profile" as shown below. Coinmama offers 10 coins and tokens for . The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. Fees incurred on buy orders depend both on the user loyalty level and method of payment. COINS AVAILABLE ACCEPTED COUNTRIES PAYMENT METHODS TWITTER BINANCE Review Bob Mason Binance is the world's largest online cryptocurrency exchange by trading volume. The available cryptocurrencies you can purchase include Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, and Cardano. 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. Users must complete the verification process to buy and sell cryptos. Get a Bitcoin wallet, as Coinmama doesn't hold the Bitcoins for you. You will also need to enter your country of residence and provide your address and phone number. This can be anything from a drivers license to a passport. This is an important feature to consider, since sometimes a day or two can mean large price fluctuations. Sell Crypto: Users are able to sell Bitcoin on the Coinmama platform. Requires filling out a short form. Coinmama is a leader exchange in the crypto community by a group of crypto experts and entrepreneurs. Coinmama is currently available in 226 countries worldwide, and it also accepts all local currencies. You are required to enter your full name, DOB, and sex and then click Next. Launched back in 2013, Coinmama is registered in Slovakia, while owners New Bit Ventures are based in Israel.. Getting Started Are you ready to buy bitcoins instantly with your Visa or MasterCard credit card or debit card? The monthly limit is a moving sum of the last 30 days. Please note that American Express, Discover and PayPal are not accepted. In terms of supported currencies - also Binance with its hundreds of supported coins. Prohibited Countries. Changelly takes 5% on top of the existing 5% payment processor fee. Coinmama is one of the oldest bitcoin brokers in the business. See here for details on verification levels. Level 3 Requires filling a short form. While you wait, we recommend that you familiarise yourself with the platform. 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). The monthly limit is a moving sum of the last 30 days. The main aim of Coinmama is to allow people to own and control their economy, which is often impossible with the traditional financial system. Coinmama provides an exchange to support the buying and selling of cryptos. "text": "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. Step 5:Congratulations! Some of the supported countries on the exchange platform are Australia, Denmark, Iceland, France, Nepal, Malta, Indonesia, United Kingdom, Lebanon, Mexico, Libya, Sweden, and others. "acceptedAnswer": { 30,000 USD, Overall account spending limit: 1,000,000 USD, Daily spending limit: ? Coinmama is currently available in more than 180 countries worldwide, including Malaysia, and it also accepts all local currencies. Supported Countries Currently CEX.IO BROKER operates the following countries: 1. Here are the daily spending and cyclical limits for liquidity on the Coinmama exchange. Verification time takes between 5 to 15 minutes. Click here! Your transactions are performed instantly and appear in your wallet right away. IT IS A BIG SCAM, TRAP YOUR MONEY. Use the search option to find the answer to your question. Your email address will not be published. Is Coinmama Safe? Having reviewed over 20 exchanges by now, I know that when people leave reviews online its almost always negative reviews because they are pissed off about something. Do you offer your service internationally? "@type": "Answer", The only countries that Coinmama is not operational in are obviously sanctioned countries. Burning question for every crypto buyer are fees that platforms charge. Coinmama is a property of New Bit Ventures Ltd and is operated by Cmama Ltd company #672704. After submitting your details for verification, well then quickly go over it and make sure everything looks good. It is highly appreciated. I truly appreciated her kindness and help to navigate this new crypto journey my husband and I are on. },{ With high spending limits and instant delivery of cryptocurrency, Coinmama delivers a first-class experience for beginners and high rollers. ", Pay by credit card, debit card, or bank transfer, A Wellfield Technologies Inc. (WLFD) company "reviewBody": "An Inside Look At The Coinmama Cryptocurrency Exchange What Is Coinmama? "@type": "Product", We hate spam as much as you do. For SEPA bank transfers there is no fee (0%), however, your bank may charge additional fees. From my own experience I can say that verification with Coinmama was relatively easy, and yes, they require a lot of information. If you pay with a different currency additional fees may be incurred. Coinmama is a non-custodial cryptocurrency broker from Israel that is incorporated in Europe, Slovakia. Supported currencies on Coinmama Coinmama accepts all major world fiat currencies: USD EUR British Pound Canadian Dollars Australian Dollars You can buy these cryptocurrencies: BTC ETH LTC BCH ETC XRP QTUM ADA What are Coinmama Fees? Before making any purchase decision with an exchange always ensure to investigate the reputation of management, venture capital investors and regulatory approvals. More advanced users can use alternative trading platforms to save on transaction fees. Numerous crypto exchanges and trading platforms do not facilitate the sale of cryptos and withdrawal of fiat money. These fees include the broker fee only. Requires 1 valid government issued ID, a selfie of yourself holding that ID and a note with Coinmama and todays date written on it. Requiresa valid government-issued IDand aselfie of yourself holding that ID and a note with Coinmama and todays date written on it. The base price is calculated from TradeBlocks XBX index. Stay in touch. Customer Service Coinmama has a dedicated customer support team that works around the clock. Upon completion of a crypto purchase, all coins are remitted directly to your external wallet. Coinmama has aHelp Centerwhich you can search to find answers to your question/s. ", Make sure to learn about each companys values and core mission and to perform proper due diligence on review sites, message boards and withinvestment professionals. } Argentina 9. Simply register and direct referrals to the Coinmama site with your customized referral link. Coinmama is an online cryptocurrency exchange supporting the purchase of cryptos. We currently support instant credit and debit card purchases of cryptocurrencies in the following countries: . The prices you see on Coinmamas website already include the companys brokerage service fee of up to 5.9% for buying crypto and 2.9% for selling. } I think the help of your team is just great and I really appreciate the quick and uncomplicated, always friendly cooperation. Server time: 2023-02-18 23:00:24 Coinmama supplies a brokerage service for Bitcoin and other cryptocurrencies. Coinmama is a user-friendly crypto exchange platform supporting the buying and selling of cryptos. You may be wondering how long does Coinmama take to verify your account. ", Albania 3. 12,000 USD, Monthly spending limit: ? Lastly, the comprehensive Support FAQ covers everything about the Coinmama platform from A to Z." The base price is calculated from. For most bank-based payment methods like SEPA or Zelle the trade limit is 0.5 BTC . },{ The executive team consists of Asaph Schulman (CEO), Nimrod Gruber (Co-Founder), Martin Koelbaek (CHO), Guy Ben-Yossef (CFO), Yaki Oliel (CRO)." Even though Coinmama exchange is not officially registered with any legislative board, New Bit Ventures has been registered as an MSB (Money Service Business) with FinCEN. The more you spend on Coinmama the greater your savings overall on fees. Relative to some of its peers, the number of cryptos on offer is on the lighter side. ", The minimum amount of Bitcoins you can buy is 50 USD or the equivalent in EUR/GBP/AUD/CAD/JPY. Coinmama is one of the most popular bitcoin exchanges around the globe, and also one of the oldest that accepts credit card and debit card purchases. In order to get started with buying bitcoins on Coinmama, here are the steps you will need to take: Step 1:Visit the Coinmama home page. Coinmama, a cryptocurrency exchange platform, offers a fast and safe way to purchase and sell most of the most popular cryptos. Coinmama. See this guide for more instructions on how to place an order. Contact Us *CEX MARKETS LTD. Coinmama's platform is operated by Cmama Ltd., established and registered in Ireland. It provides users with a platform to purchase Bitcoin and Ethereum using credit and debit cards. Faster Payments (UK Banks Only): Delivery is up to 1 business day and there are zero additional fees. You will require the following: Government-issued ID; Your mobile phone with a working camera to take a selfie. Support Email: support@coinmama.com The only countries that are not allowed to use the Coinmama exchange are the sanctions countries. Your Coinmama account is set up and ready to go. Coinmama is not a wallet service. Cookie Settings. "name": "What Countries Does Coinmama Support? "@type": "Answer", The following cryptocurrencies are supported by Coinmama and can be purchased instantly with a credit card, debit card or bank transfer: Coinmama is one of the oldest bitcoin brokers in the business. It is owned by NBV International (the daughter company of New Bit Ventures Ltd). 30,000 USD, Monthly spending limit: ? 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. This is the account verification process. i have complained at my bank and even reported it to the police. . (Coinmama is planning to expand this beyond Bitcoin in the near-term, however). At the moment Coinmama supports buying only of the following coins: Coinmama accepts credit or debit cards that are issued by Visa or Mastercard. It is a centralized service with a large user base of over a million satisfied customers. "@type": "Offer", You can unsubscribe with one click. Fees: Simplex, Coinmama's credit/debit card processor, charges a 5% additional fee (with a minimum cap of USD 10) on each transaction. Buy more and save on Coinmama fees with an added crypto bonus to your order. Bolivia 22. Coinmama is offering brokerage service which costs 5.9% fees on every transaction being made and it changes depending on the number of tokens being purchased. Usually, it takes between 5 to 15 minutes for your Coinmama account to verify successfully after uploading your documents. Today the company is headquartered in Dublin, Ireland and operated by Cmama Ltd. a subsidiary of New Bit Ventures Ltd. Coinmama is also officially registered and regulated as a Money Service Business with FinCEN. In Coinmamas case, the company has made ongoing efforts to reduce their fees as much as possible. As a financial service, Coinmama is committed to the highest security and privacy standards. "@type": "Question", I also took a look at various customer reviews users posted online. Coinmama protects users with a high level of security. Yes. "@type": "Question", This means that Coinmamas price can be as much as a total of 10.9% above the market rate. Log in. 2023 Coinmama Exchange Review: Leadership Page. These are available on the Help Center page. Level 3 Crypto Believer: Save 25% on Coinmama fees and enjoy queueless customer support. },{ This can be anything from a drivers license to a passport. "name": "Where Is Coinmama Located? [CDATA[ Coinmama has lower fees for bank transfers, 0%, yet higher fees for credit card and debit card purchases, 5%, when compared to Coinbase which charges 1.49% and 3.99% respectively. Submit a query via Facebook messenger on the Coinmama Facebook homepage. The process of buying coins from Coinmama goes as follows: As soon as your payment clears, Coinmama sends you your coins. This is the account verification process. "brand": "Coinmama", Coinmama accepts all fiat currencies, and our rate can be displayed in either USD, EUR, GBP, CAD, or AUD. but may require additional identity verification Other supported countries and territories: UK, Switzerland, Norway, Monaco, Montenegro, Serbia, Turkey, Andorra, Moldova, Gibraltar, Iceland, Greenland, Liechtenstein, Isle of Man . Undoubtedly, an added benefit is that users can also sell Bitcoin for fiat money. The document verification process usually takes around 30 minutes, which is one of the quickest in the market. Yes. Coinmama is an online cryptocurrency exchange supporting the purchase of cryptos. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. To fight fraud all users are required to submit verification before making a purchase. They steal your personal information and use it for fraudulent activities. Apart from two of the above IDs, you will also need to upload autility bill. Australia 12. Any person with a valid Visa or MasterCard card issued in a non-sanctioned . }. A very user-friendly platform supporting both novice and experienced crypto investors. Coinmama has a complete help center and also a dedicated support channel via email. Thats why I make it a habit to actually read through the reviews and see what people are complaining about. Complete the information requested. . Then, to buy Bitcoin, click the "Buy/Sell" tab as shown below. Coinmama Supported Countries. 2022 Lithium Gold Ventures, LLC. Fees. Most credit transactions will also have a credit clearing fee of between 3%-5%. Armenia 10. Offering a wide broad range of cryptos, Coinmama fills a much-needed void, by supporting the purchase of cryptos with fiat money. In addition, this helps us fight fraud and keep your account safe. ", The more you buy or sell with Coinmama the more you save on fees. Lastly, you will need to take a selfie with your ID and a note with todays date and the word Coinmama. The team at Coinmama is amazing! For beginners, this is an excellent option for buying your first Bitcoin. Coinmama lets you buy Bitcoin worth up to $150 without uploading any pictures or ID. Each payment method has its pros and cons, the information below will help you decide what's most suitable for you to use. You need to submit a secondary ID. However, it imposes limits on trade amounts to discourage fraud using fiat money. "@type": "Question", Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. . Options available include Faster Payments, Fedwire, SEPA, Sofot, and Swift bank transfers and Apple Pay. Certain countries are also served by a third party, rather than directly by Coinmama themselves. Once you have created your account, Coinmama will then prompt you to complete your profile. Total cumulative crypto purchases at Level 1 verification are also capped, at 15,000 USD. they are scammers. "acceptedAnswer": { The company allows users to make crypto purchases using various fiat currencies and payment platforms. Coinmama ensures speed of delivery, with cryptos reaching buy wallets within minutes. Affiliates earn 15% of fees for the lifetime of each customer they refer to Coinmama. Coinmama primarily accepts USD, EUR, GBP, CAD, and AUD but accepts all currencies. Upload your passport, following the instructions provided. Buy Bitcoins with your bank account through Coinmama. },{ Supports the purchase of cryptos with multiple fiat money options to facilitate entry into the crypto world. Step 5: Congratulations! EMAIL SENT FROM SUPPORT TEAM Unfortunately, we are currently not able to provide our sell services to customers using banks that are not part of the SEPA system (European Union banks). Step 2: On the next screen you will find a screen where you can enter your personal details such as email, password, first name, last name, country of residence and possibly your state of residence as well. Coinmama is more of a brokerage than a crypto exchange. "acceptedAnswer": { Coinbase is available in 100+ countries Locations: North and Central America South America Europe Asia Africa and the Middle East North and Central America ( 14 countries supported) Bahamas Barbados Canada Costa Rica Dominican Republic El Salvador Guatemala Honduras Jamaica Mexico Nicaragua Panama Trinidad and Tobago United States South America Payment methods When registered, you need to add your credit card details. 4. "acceptedAnswer": { If you have the option to use a bank transfer (SEPA, SWIFT, Fedwire, FasterPayments, etc.) 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. Coinmama has three loyalty levels. Users may withdraw proceeds by bank transfer, or by credit or debit card. Orders placed by bank transfers do not incur a momentum fee and carry no additional fees. The platform was established to create the simplest financial service in the crypto space. Level 1 Requires 1 valid government issued ID, a selfie of yourself holding that ID and a note with Coinmama and todays date written on it. Once you have completed the payment details, complete the transaction. In order to change the purchase currency, simply go to the current dropdown menu and select your preferred currency. Step 3: On the next screen you will need to upload a form of identification verification front and back. . The more referrals an affiliate makes, the more Coinmama pays in Bitcoin. To protect both parties from this, Coinmama locks the Bitcoin price for you as soon as you submit your order.