Coinmama Reviews

Coinmama is a cryptocurrency exchange known for its variety of payment options and nearly a decade of experience in the field. However, it's important to note that its fees are higher than some other providers. Coinmama charges a rate that’s based on the market rate plus 2%, and there is a commission fee of up to 3.9% on crypto purchases and up to 0.99% to sell bitcoin. Coinmama also offers reduced fees through its loyalty program. The fees can range from 0.9% to 3.90%, plus a 2% spread. These relatively high fees can reduce the value offered by Coinmama compared to other exchanges that typically charge transaction fees equal to around 0.1% to 0.3% of a trade. Therefore, unless you have a specific reason to use Coinmama, you may find better value in an exchange with lower fees.

Coinmama cannot provide services to the residents of the following countries: New York (US State), Hawaii (US State), Louisiana (US State), Abkhazia, Afghanistan, Belarus, Central African Republic, Crimea, Cuba, Democratic Republic of the Congo, Ethiopia, Iran, Iraq, Lebanon, Libya, Mali, Myanmar, Nicaragua, North Korea, Northern Cyprus, Palestine, Russia, Sahrawi Arab Democratic Republic, Somalia, South Ossetia, South Sudan, Sudan, Syria, Venezuela, Luhansk and Donetsk (regions in Ukraine), Yemen, Zimbabwe, Israel, Japan, and Nigeria. Please note that this information might change over time as Coinmama is always working to serve new locations.

Coinmama is a platform that offers the ability to purchase some of the most popular cryptocurrencies. The costs associated with using Coinmama are based on a few factors. To trade cryptocurrency, Coinmama charges a rate that's based on the market rate of TradeBlock's XBX Index plus 2%. In addition, there is a commission fee of up to 3.9% on crypto purchases and up to 0.99% to sell bitcoin. Coinmama also offers reduced fees to buy and sell through its loyalty program.

There are also fees associated with the payment method used. For instance, SEPA (European Union only) has a fee of 1.5%, Credit/Debit card transactions have a fee of 3.24-3.34%, Skrill and Neteller have a fee of 4.19%, and ACH has a fee of 1.89%.

Please note that the final rate would depend on your location and the payment processor executing the transaction. Coinmama also charges a service fee for processing your transaction and a network fee for confirming transactions on the blockchain. These fees vary depending on the market demand for specific cryptocurrencies and are applicable to all payment methods.

It's always best to check the fee breakdown in the checkout summary whenever placing an order on Coinmama.

Coinmama's Loyalty Program is a three-tiered program designed to reward users with lower fees based on their purchase activity. The program is automatic, meaning you are enrolled as soon as you sign up for a Coinmama account and get verified for purchase. The three levels of the program are:

1. Crypto Curious: This is the entry level for new Coinmama users. There are no specific benefits at this level, but you are part of the Coinmama community and can start buying and selling cryptocurrency.

2. Crypto Enthusiast: At this level, you can save 12.5% on Coinmama fees. To maintain your Enthusiast status, you need to have a cumulative purchase amount of 5,000 USD over a rolling 90-day period.

3. Crypto Believer: At the highest level, you can save 25% on Coinmama fees. To be eligible for this level, you must have been purchasing with Coinmama for at least 30 days. Maintaining your Believer status requires a cumulative purchase amount of 18,000 USD over a rolling 90-day period, or a lifetime purchase amount above 50,000 USD.

Your savings appear in the form of a crypto bonus when you check out. This program is Coinmama's way of saying thank you for being a part of their family.

Coinmama offers a variety of cryptocurrencies for purchase. These include Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Qtum (QTUM), Cardano (ADA), Ethereum Classic (ETC), Dogecoin (DOGE), Uniswap (UNI), Aave (AAVE), Chainlink (LINK), Compound (COMP), EOS, OMG Network (OMG), Wrapped Bitcoin (WBTC), Loopring (LRC), and Numeraire (NMR). Please note that the availability of these cryptocurrencies may vary, and it's always a good idea to check the latest offerings on the Coinmama platform.

Coinmama is a cryptocurrency platform that offers a variety of services. It allows users to buy and sell crypto assets with an intuitive and user-friendly interface. The platform supports a range of digital assets and provides related market education. Coinmama is known for its variety of payment options, including the ability to purchase cryptocurrencies with Visa or Mastercard credit cards, and even Apple Pay for crypto purchases. However, it does not offer a dedicated crypto wallet, which might be a drawback for some users. Coinmama's fees are noticeably higher compared to other platforms offering similar services. Despite this, it has nearly a decade of experience providing transactions in the cryptocurrency space. It's worth noting that all cryptocurrencies sold are from Coinmama’s own inventory, so the transaction is between users and the company. Coinmama was acquired by Wellfield Technologies in March 2022.

Coinmama is a global platform that is available in over 190 countries worldwide. However, there are a few exceptions where Coinmama cannot provide its services. These restricted areas include certain US states (New York, Hawaii, Louisiana) and countries such as Afghanistan, Belarus, Iran, Iraq, North Korea, Syria, Venezuela, and others. Please note that this information might change over time as Coinmama is always working to serve new locations.

Coinmama offers a variety of payment methods for buying cryptocurrencies. The transaction limits vary based on your preferred method of payment. Here are some of the payment methods and their respective limits:

• Credit/Debit card: Minimum amount per transaction is 4 USD, maximum amount per transaction is 20,000 USD, and there are no limits on the number of transactions.
• Skrill/Neteller: Minimum amount per transaction is 20 USD, maximum amount per transaction and daily limit is 200,000 USD.
• Bank Transfer: Minimum amount per transaction is 5 USD, maximum amount per transaction is 10,000 USD, and the monthly limit is 1,000,000 USD.

Alternative payment methods include Giropay (popular in Germany), Astropay (offered in Europe, Asia, Africa, and other countries), PIX (a real-time bank transfer payment system in Brazil), Khipu (a payment system in Latin America), WebPay (operated by Transbank in Chile), PSE (a payment platform in Colombia), and SPEI (an electronic funds transfer system in Mexico).

Please note that the limits are set and cannot be increased. However, you can cancel all transactions that are not completed but attempted during the last day. Limits do not reset on the 1st day of the month but are recalculated daily for the period of the last 30 days. If you're looking to transact with higher amounts, you can email vip@coinmama.com.

You can buy more than 100 different cryptocurrencies on Coinmama. Some of the cryptocurrencies available include Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Qtum (QTUM), Cardano (ADA), Ethereum Classic (ETC), Dogecoin (DOGE), Uniswap (UNI), Aave (AAVE), Chainlink (LINK), Compound (COMP), EOS, OMG Network (OMG), Wrapped Bitcoin (WBTC), Loopring (LRC), and Numeraire (NMR). Please note that this is not an exhaustive list and the availability of cryptocurrencies may vary.

Coinmama.com is a leading cryptocurrency exchange platform where you can buy, sell, swap, stake, and trade cryptocurrencies. It's known for its friendly and secure service, serving over 190 countries worldwide. The platform offers fast execution of transactions with multiple funding methods and competitive fees. You can start with as little as $50 and pay with credit card, debit card, or bank transfer. Coinmama doesn't store your credit/debit card details at any time. It's also publicly traded on TSXV: WFLD. Coinmama is trusted by over 3.5 million happy customers and is rated excellent on Trustpilot. It supports multiple cryptocurrencies and a wide range of fiat currencies including USD, EUR, AED, AUD, AZN, BDT, BRL, CAD, CHF, CLP, COP, CRC, CZK, DKK, DOP, DZD, EGP, GEL, HKD, HUF, IDR, ILS, INR, JPY, KES, KRW, KWD, MAD, MXN, MYR, NGN, NOK, PEN, PHP, PLN, RON, SAR, SEK, SGD, THB, TND, TRY, UAH, USD, VND, XAF, ZAR. The platform also provides 24/7 personal support for its users.