No. },{ Getting Started Are you ready to buy bitcoins instantly with your Visa or MasterCard credit card or debit card? Do you offer your service internationally? Click here! Upon promotion to a higher level, you need to meet a cumulative minimum purchase amount over a rolling 90-day period to maintain your status. 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. "text": "Available payment methods on Coinmama include debit card, credit card, and bank transfers (including SWIFT and SEPA). Countries Supported. Undoubtedly, an added benefit is that users can also sell Bitcoin for fiat money. Coinmama is currently available in more than 180 countries worldwide, including Malaysia, and it also accepts all local currencies. "@type": "Question", Bermuda 20. Coinmama is a property of NBV International s.r.o, which is a daughter company of New Bit Ventures Ltd. Coinmama only supports the sale of Bitcoin, and not the other Coinmama supported cryptos. Fees incurred on buy orders depend both on the user loyalty level and method of payment. We are working on being able to provide this service to other countries as well in the manner that you mentioned in your message, so you are welcome to stay tuned ;) SAPIR. While you wait, we recommend that you familiarise yourself with the platform. Some regions are not yet able to use debit or credit cards. It is a great platform for people who are just starting out with Bitcoin and want to see how it works. Anyone can get started and purchase bitcoins within an hour. For more information about level 3, [email protected]. By using this website, you accept our Terms of Use and Privacy Policy. "@type": "Answer", Our funding providers may, at their own discretion, deny funding to certain geographical locations. "@type": "FAQPage", Your transactions are performed instantly and appear in your wallet right away. Crypto purchases can be made in Aussie Dollar, Canadian Dollar, EURO, Japanese Yen, British Pound, and U.S Dollars. "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. All cryptos are immediately transferred to the purchasers specified wallet upon purchase. When it comes to exchanges, Coinmama is often compared to Coinbase. "acceptedAnswer": { She deserves 10 stars! }. 42 Pearse St., Dublin D02 YX88, Ireland Buy Crypto Buy Cryptocurrency Buy Bitcoin Buy Bitcoin with Bank Account Buy Bitcoin with SWIFT Buy Bitcoin with SEPA Buy Bitcoin in Australia Quick Links How It Works Academy FAQ Coinmama is an online cryptocurrency exchange supporting the purchase of cryptos. COINMAMA IS A NO NO IN THE US. i have complained at my bank and even reported it to the police. 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. Since the genesis, Coinmama is trusted by over 2,300,000 people across 197 countries. Lets hope theyll be back soon. For completion of the verification process, please ensure the following: Once you have uploaded the selfie, click Looks Good. Coinmama's platform is operated by Cmama Ltd., established and registered in Ireland. Fees on buys made on Coinmama incur incredibly high fees of 2.93-3.9%. The process is called verification and is something everyone must go through before buying crypto anywhere. A friendly experience in these days of automation! 30,000 USD, Overall account spending limit: 1,000,000 USD, Daily spending limit: ? Which payment methods are accepted? Coinmama is an online cryptocurrency exchange supporting the purchase of cryptos. Apart from two of the above IDs, you will also need to upload a utility bill and complete a KYC questionnaire. Start with as little as $50 Pay by credit card, debit card, or bank transfer Get Started Get started in minutes Coinmama users are able to freely insert the exact amount of USD, EUR, GBP, CAD, AUD, or JPY to purchase crypto. Coinmama is a user-friendly crypto exchange platform supporting the buying and selling of cryptos. Since its founding, Coinmama has served more than 300,000 customers in more than 190 countries. Here you'll have all the info that you'll need to place an order with us right at your fingertips. All rights reserved. This particularly important in the volatile world of crypto. "name": "What Countries Does Coinmama Support? Cryptocurrencies Supported The following cryptocurrencies are supported by Coinmama: Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Cardano, Qtum, and Ethereum Classic. send a transfer of 500 euros for a bitcoin purchase. Changelly used to be known to be one of the most expensive services you could use to buy Bitcoin with a credit card. With Coinmama, users are able to sell Bitcoin, even if purchased elsewhere and receive fiat money directly in their bank account. Both accept credit card and debit card payments and allow you to purchase Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Coinmama accepts a variety of payment methods for 6 different fiat currencies, and provides multiple purchase options for customers. ", 12,000 USD, Monthly spending limit: ? You can view the payment schedule here. You may make a purchase via the Buy page and select the crypto of your choice from the drop-down menu, as shown below: (For demonstrative purposes, we have selected Bitcoin). Help Centre: A comprehensive library of articles is available to assist users with queries. It offers its services in more than 188 countries worldwide, which includes the UK, Europe, and most US states. After getting the, BRD Wallet and getting verified with, BitPay I purchased my 1st Bitcoin with CASH through a Bitcoin Vendor Machine, in my community! Invest in the world's leading cryptocurrency via Coinmama with just a few clicks Price Performance Price Unfortunately the necessary data for this indicator is not available at the moment. Verification time takes between 5 to 15 minutes. On the other hand, brokerage services are usually more expensive. "priceCurrency": "USD", Level 1 Crypto Curious: New Coinmama users are Crypto Curious. 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. Supported Countries. If you want to send Customer Support a message you can do so here. In Coinmamas case, the company has made ongoing efforts to reduce their fees as much as possible. Coinmama is a broker exchange based in Israel. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. Since launching in 2013, Coinmama has amassed a total of 2,300,000 users across 197 countries. Youre holding both the ID and the paper note yourself. As long as your account is verified, once your order is placed, your bitcoin will arrive in your bitcoin wallet in approximately 10 minutes. While this may be a drawback for some, users who sell their Bitcoin on Coinmama receive fiat money equivalent via bank transfers. "@type": "Answer", When you have your ID, mobile phone, and pen and paper ready, click Lets Go. Andorra 4. Crypto Enthusiasts not only enjoy reduced fees but also fast track customer support. Fees Although Coinmama provides convenience and speed, there may be fees & charges as well. Coinmama allows you to purchase and sell cryptocurrencies with a variety of different payment methods. "@context": "https://schema.org/", Level 2 Crypto Enthusiast: Save 12.5% on Coinmama fees. Support requests are usually answered within 24 hours. Some of the more frequently asked questions available on Coinmama include: Does Coinmama facilitate trades between buyers and sellers? Supported Countries Although it's a platform based in Prague, its service stretches across the globe, including the USA, Canada, Australia and the Middle East. "name": "What Payment Methods Are Available On Coinmama? A full list of supported countries is available on the Coinmama website. If you have any questions about this topic, feel free to contact Support. This may impact how, where and which products / companies / services we review and write about. Go to the Coinmama confirmation email and click Confirm Your Email. Coinmama has been able to gain popularity in the world of crypto exchange platforms with the help of its simple user interface. Requiresa valid government-issued IDand aselfie of yourself holding that ID and a note with Coinmama and todays date written on it. IMPORTANT The fees stated in this table are for credit card purchase only. Coinmama, based in Israel and founded in 2013, is a property of NBV International,which is a daughter company of New Bit Ventures Ltd company. Coinmama's team has placed emphasis on customer support throughout the platform, which will be touched on later in this review. Bisq offers unlimited amount of trades. Residents in these 17 states will be redirected to third-party provider Simplex when creating their account: Alabama, Alaska, Delaware, Georgia, Iowa, Kentucky, Louisiana, Nevada, New Mexico,. No, your credit/debit card details are not saved in our system. Thumbs up for the excellent service guys. 2023 Coinmama Exchange Review: Leadership Page. Supported Countries Armenia 10. The executive team consists of Asaph Schulman (CEO), Nimrod Gruber (Co-Founder), Martin Koelbaek (CHO), Guy Ben-Yossef (CFO), Yaki Oliel (CRO). The photo must contain the ID you just uploaded and a piece of paper with Coinmama written on the piece of paper along with todays date. LTD All rights reserved. Prices are denominated in EUR, USD, GBP, AUD, CAD or JPY. The fees stated in this table are for credit card purchase only. While this is the case, the most popular cryptos are available. "reviewRating": { After submitting your details for verification, well then quickly go over it and make sure everything looks good. What countries are supported by Coinmama? Coinmama does provide users with the QR code and download link for ZenGo in case you do not have any crypto wallets. As a financial service, Coinmama is committed to the highest security and privacy standards." "acceptedAnswer": { Users must complete the verification process to buy and sell cryptos. We hate spam as much as you do. Many more will be added soon. Thank you. 5,000 USD / ? Overall, transactions with Coinmama are simple, secure and show up immediately in your wallet, which makes it an excellent option for those who want to buy cryptocurrency instantly and securely. Visa credit/debit cards Mastercard credit/debit cards Go to Coinmama's website Burning question for every crypto buyer are fees that platforms charge. Available via the mobile app. Apart from two of the above IDs, you will also need to upload a utility bill. Coinmama accepts all currencies, in particular, USD, EUR, GBP, CAD, AUD, and JPY. 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? This usually happens within the hour. Then enter your ID number and expiration date. The executive team consists of Asaph Schulman (CEO), Nimrod Gruber (Co-Founder), Martin Koelbaek (CHO), Guy Ben-Yossef (CFO), Yaki Oliel (CRO). Coinmama typically responds within 1-2 business days. "name": "Where Is Coinmama Located? "name": "Coinmama", Coinmama is currently available in 226 countries worldwide, and it also accepts all local currencies. Buy cryptocurrency with a credit card, sell your Bitcoin, and so much more. "@type": "Answer", } However, it is a secure platform that has successfully helped over 3 million users purchase digital assets in 188 countries. In order to make any type of purchase youll need to complete some form of identity verification. Coinmama offers its services worldwide with the exception of sanctioned countries and several US states. 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. We're continually adding more, so make sure to check back in every once in a while for updates. Please refer to our FAQ on debit and credit cards for the full list of accepted regions. If you want to purchase digital currency with a credit card or debit card it must be a Visa or MasterCard." Since its foundation in 2013, it has grown to serve over 2 million customers across 188 countries and today has over 40 employees. We currently support instant credit and debit card purchases of cryptocurrencies in the following countries: . Credit or Debit Card: 5% momentum fee: Locked rate and fast delivery that is instant. This is lower than the 5.9% Coinmama charges. 50, Overall account spending limit: 50,000 USD, Daily spending limit: ? Coinmama support is the best in the world. Bolivia 22. For a complete guide on which form of ID is required in each country, read this post. Nicehash is the top crypto exchanges Germany that operates in most nations worldwide except for a select few nations like Yemen, Afghanistan, Iran, Iraq, and more. Coinmama has a complete help center and also a dedicated support channel via email. The platform was established to create the simplest financial service in the crypto space. Conclusion Coinmama is an excellent way to purchase Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, and Cardano instantly with a Visa or MasterCard credit card or debit card. See here for details on verification levels. Antigua and Barbuda 8. Users claim that Coinmama requests a ton of information and in some cases rejects applications without giving proper explanation why. Affiliate: Affiliates earn 15% of Coinmamas commissions on all referral purchases, including all their future purchases. Click on the blue 'Sign Up' button on the top right. Options available include Faster Payments, Fedwire, SEPA, Sofot, and Swift bank transfers and Apple Pay. A flat fee of 20 GBP is charged for users wishing to make an order below 1,000 USD. Coinmama offers its services worldwide with the exception of sanctioned countries and several US states. I could have been scammed! For regulatory compliance, some countries and US States are served by a third party, while a handful are not supported at all. Other payment methods include Fedwire, Swift and Sofort. SWIFT, SEPA and Faster bank transfers incur no fee. Customer service hours are from Sunday-Thursday 9:00-18:00 GMT+3 / 2 AM-10 AM EDT / 11 PM-7 AM PDT. The company was founded in 2013 by Asaph Schulman (CEO), Nimrod Gruber (Co-Founder), Martin Koelbaek (CHO), Guy Ben-Yossef (CFO), Yaki Oliel (CRO)." Simply register and direct referrals to the Coinmama site with your customized referral link. A full list of supported countries is available on the Coinmama website. 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. If youve had your own experience with Coinmama, Id love to hear about it in the comment section below. She was incredibly patient and generous. "name": "How Can I Contact Coinmama Customer Support? For strengthened security, in addition to creating a strong password, users are advised to enable 2-Factor Authentication (2FA) on their Coinmama account." "name": "How Long Does It Take To Buy Bitcoin On Coinmama? Coinmama offers a wide range of cryptos that are amongst the most popular cryptos in the market. To qualify you must have been purchasing cryptos for at least 30-days. Step 3: On the next screen you will need to upload a form of identification verification front and back. Excellent leadership and customer support, High fees when purchasing with a credit card or debit card, A non-US international passport (double page), Overall account spending limit: 15,000 USD, Daily spending limit: ? The more you buy or sell with Coinmama the more you save on fees. These are available on the Help Center page. 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. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. The transaction will always be between you and Coinmama. 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. The mission of Coinmama is to empower humanity one human at a time by making it fast, safe and fun to buy digital currency, anywhere in the world. Step 4: From here you will be brought to the account verification page. 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. "@type": "Question", "url": "https://www.smartbitcoininvestments.com/coinmama-review/", Coinmama is a reputable company and their support is pretty good. 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. Make sure to learn about each company's values and core mission and to perform proper due diligence on review sites, message boards and with investment professionals. Coinmama has three loyalty levels. These fees include the broker fee only. You must make a cumulative purchase amount of 18,000 USD over a 90-day rolling period. Heres a short comparison of Coinmamas brokerage service compared to other popular services around. Launched back in 2013, Coinmama is registered in Slovakia, while owners New Bit Ventures are based in Israel.. Coinmama is one of the few exchanges supported almost worldwide. Get a Bitcoin wallet, as Coinmama doesn't hold the Bitcoins for you. Customer support. "mainEntity": [{ "name": "Coinmama", 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. 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. Coinmama provides you with articles to read in order to become acquainted. You then need to provide your bank details. These fees include the broker fee only. Coinmama has a presence in almost all countries, leading to an understanding of how popular Coinmama is. "text": "Coinmama is supported in over 190 countries and is constantly adding more." They were and are SPLENDID! As a Financial Services Business, Coinmama is required to collect certain details about its clients. Account & Security Where safety comes first. Coinmama is registered in Slovakia but they offer the service worldwide. "datePublished": "2018-10-29", Anyone can get started and purchase bitcoins within an hour. 40,000 USD / ? Users can click the Chat link and search by topic for filed articles. Email . In this review Ill cover the company, its services and also compare it to other leading brokers. On the bright side, Coinmama receives a score of Great from TrustPilot. "@type": "Product", The only countries that are not allowed to use the Coinmama exchange are the sanctions countries. You need to submit a secondary ID. SWIFT bank transfer orders have a minimum order amount of 1,000 USD, however. "price": "0" 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 . If you have general issues feel free to send an email to the support staff or submit a ticket here. Submit a query via Facebook messenger on the Coinmama Facebook homepage. Poloniex caters mainly to U . Users are able to purchase Coinmama supported cryptos by credit or debit card or by bank transfer. All Rights Reserved. Pay by credit card, debit card, or bank transfer, A Wellfield Technologies Inc. (WLFD) company The only countries that Coinmama is not operational in are obviously sanctioned countries. ", Once verification and purchases have been approved you will receive your purchased digital currency instantly into your bitcoin wallet." The pros of a brokerage service are mainly that the process is simple and fast, since you dont need to look for a buyer on your own. Usually, it takes between 5 to 15 minutes for your Coinmama account to verify successfully after uploading your documents. Both companies are regulated entities registered as Money Service Businesses with FinCEN. [CDATA[ Buy more and save on Coinmama fees with an added crypto bonus to your order. Australia 12. And they boast 68+ million users in 100+ countries , making them one of . Coinmama does recommend that users enable 2-factor authentication on any wallet apps, however. Log in. "acceptedAnswer": { For SEPA bank transfers there is no fee (0%), however, your bank may charge additional fees. You can unsubscribe with one click. 15,000 USD / ? The majority of Coinmamas negative reviews complained about one thing the identity verification process. Any person with a valid Visa or MasterCard card issued in a non-sanctioned . Coinmama is supported in over 190 countries and is constantly adding more (view list). Aland Islands 2. Coinmama holds no cryptos for users on the exchange. Click on the Send For Approval button. 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.. Their only downside, in my opinion, is the high fees. Simple: I opened an account recently to buy Bitcoin. Coinmama serves most countries, excluding those that are sanctioned, such as North Korea and Syria. The crypto price shown on Coinmama is based on a service called TradeBlock XBX. However, it imposes limits on trade amounts to discourage fraud using fiat money. Cons: Limited states in the US. 100% guaranteed!! Crypto assets are at risk of losing substantial (or all) value within a short time period.