Click on the blue 'Sign Up' button on the top right. Australia 12. Credit card or debit card is the most popular method of payment. Already have an account? This can be anything from a drivers license to a passport. 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. The company focuses on customer experience and customer service so that transactions are super quick (user verification takes around 30 minutes). Some would argue that Binance has an easier KYC process, but Ive actually experienced it the other way around. It is owned by NBV International (the daughter company of New Bit Ventures Ltd). Join Coinmama today. Relative to some of its peers, the number of cryptos on offer is on the lighter side. Commissions are paid out once a month after you reach a threshold of $100 since the last payout. Level 3 Crypto Believer: Save 25% on Coinmama fees and enjoy queueless customer support. No advanced tools for trading Bitcoin and other cryptos. Those limits will depend on the payment method of your choice. "@type": "Rating", Once you have clicked Buy Now, you will be prompted to enter your target crypto wallet address and choose your payment method. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. By using this website, you accept our Terms of Use and Privacy Policy. In total, Coinbase has supported every major hard fork initiative. When it comes to exchanges, Coinmama is often compared to Coinbase. Coinmama typically responds within 1-2 business days. If you have any questions about this topic, feel free to contact Support. "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. ", Which payment methods are accepted? "reviewBody": "An Inside Look At The Coinmama Cryptocurrency Exchange What Is Coinmama? https://www.coinmama.com/blog/how-to-cash-out-your-bitcoin/. Get a Bitcoin wallet, as Coinmama doesn't hold the Bitcoins for you. Many more will be added soon. Fees: Simplex, Coinmama's credit/debit card processor, charges a 5% additional fee (with a minimum cap of USD 10) on each transaction. Coinmama is a property of NBV International s.r.o, which is a daughter company of New Bit Ventures Ltd. Choose your payment method (credit card) and enter your details to complete the sale. In summary: Selling Fees: These are tiered and correlate with a users loyalty program level. "acceptedAnswer": { Yes. ", However, it seems that lately they have optimized their service to offer a more competitive service. I encourage everyone to try. You will require the following: Government-issued ID; Your mobile phone with a working camera to take a selfie. It saddens me to see they have recently stopped doing so. COINMAMA IS A NO NO IN THE US. As instructed, ensure that: Now take a selfie. Buy cryptocurrency with a credit card, sell your Bitcoin, and so much more. Coinmama customers can choose to pay with either debit card, credit card, SWIFT transfer, SEPA bank transfer (EU Banks only), and Faster payment transfer (UK Banks only). This may impact how, where and which products / companies / services we review and write about. "@type": "Review", With Coinmama, users are able to sell Bitcoin, even if purchased elsewhere and receive fiat money directly in their bank account. Coinmama operates in over 190 countries and territories worldwide. As a financial service, Coinmama is committed to the highest security and privacy standards. This removes anonymity while protecting users. There are no wallets on the site, meaning that any purchase made is sent directly to the purchaser's wallet address of choice. },{ See here for details on verification levels. Help Centre: A comprehensive library of articles is available to assist users with queries. Coinmama is one of the Slovakia-based cryptocurrency exchanges offering bitcoin buying in 200 countries and dozens of states. The exchange has over 2.2 million users, features a fast-track verification process and is available in 190 countries worldwide. Since the formation, Coinmama has reached millions of customers in over 190 countries. ", Coinmama sells crypto out of its own inventory. SWIFT bank transfer orders have a minimum order amount of 1,000 USD, however. Step 5:Congratulations! "name": "Coinmama", Coinmama is supported in over 190 countries and is constantly adding more (view list). Requires 1 valid government issued ID, a selfie of yourself holding that ID and a note with Coinmama and todays date written on it. The team behind Coinmama is top notch and they have an entire page devoted to the employees of the platform. You are then required to upload your identification as well as additional photos in order to complete the KYC process. Faster Payments (UK Banks Only): Delivery is up to 1 business day and there are zero additional fees. "ratingValue": "8.9", Benin 19. Accepted utility bills include electric, cable, gas, water bills, property tax, bank statements or credit card statements (paper bill or internet bills are not accepted). Coinmama has three loyalty levels. Coinmama also supports the purchase of cryptos in Aussie Dollars, Canadian Dollars, EUROs, Great British Pound, and Japanese Yen. Anguilla 6. 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. Upload your passport, following the instructions provided. Your personal details and documents are encrypted, and your credit card details are not stored anywhere on the Coinmama website or servers. All rights reserved. Argentina 9. On the bright side, Coinmama receives a score of Great from TrustPilot. Undoubtedly, an added benefit is that users can also sell Bitcoin for fiat money. rather than a credit card, thats even better since youll save 5% in total fees. },{ Coinmama, one of the world's oldest Bitcoin Broker, has its headquarters located in Slovakia. Firstly, you will need to choose your Government ID Type and issuing country from the drop-down menus. Customer Service Coinmama has a dedicated customer support team that works around the clock. Since the genesis, Coinmama is trusted by over 2,300,000 people across 197 countries. These fees include the broker fee only. Coinmama is not a wallet service. You may either chose one of the Bitcoin packages on offer or you may choose the amount of Bitcoin you wish to purchase by entering the amount of Bitcoin or USD equivalent. . 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? Unlike Coinmama, Coinbase supports a limited number of countries around the world and is known to have horrible support. Accepted utility bills include electric, cable, gas, water bills, property tax, bank statements or credit card statements (paper bill or internet bills are not accepted). As long as your account is verified, once your order is placed, your bitcoin will arrive in your bitcoin wallet in approximately 10 minutes. Here you'll have all the info that you'll need to place an order with us right at your fingertips. Since launching in 2013, Coinmama has amassed a total of 2,300,000 users across 197 countries. If you have the option to use a bank transfer (SEPA, SWIFT, Fedwire, FasterPayments, etc.) Usually, it takes between 5 to 15 minutes for your Coinmama account to verify successfully after uploading your documents. Currently, all purchases are made in either USD or EUR, which is converted to the local currency following local exchange rates. You can view the payment schedule here. Heres what Ill cover: Coinmama was established in 2013 in Israel and has since grown to serve over 3.1 million customers in 188 countries with over 35 employees. "@type": "Question", 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. Thats why I make it a habit to actually read through the reviews and see what people are complaining about. Coinmama is a reputable company and their support is pretty good. Prepaid cards are also supported by Coinmama for buying BTC and other currencies. "datePublished": "2018-10-29", Users claim that Coinmama requests a ton of information and in some cases rejects applications without giving proper explanation why. SWIFT, SEPA and Faster bank transfers incur no fee. Then, to buy Bitcoin, click the "Buy/Sell" tab as shown below. This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation. Support requests are usually answered within 24 hours. Affiliates can: Becoming an affiliate is fast and easy. Support Email: support@coinmama.com "priceCurrency": "USD", } 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. Coinmama offers support via email only, however the site's FAQ and service desk support documents are reasonably comprehensive and . Social Media: Coinmama has a growing social media presence: Facebook: https://www.facebook.com/Coinmama/, LinkedIn: https://www.linkedin.com/company/coinmama, Instagram: https://www.instagram.com/coinmamaofficial/. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website. Apart from two of the above IDs, you will also need to upload a utility bill. [CDATA[ Since the early years, Coinmama has continued to add cryptos to its offering not to mention alternative payment methods. Your mobile phone with a working camera to take a selfie. The total is 0.9% cheaper than Coinmamas total fee (10.9%). 4. The different cryptocurrencies supported on this platform include Bitcoin, Cardano, EOS, Bitcoin Cash, Etherum, Ethereum Classic, Qtum, Tezos, and Litecoin. Coinmama serves most countries, excluding those that are sanctioned, such as North Korea and Syria. Poloniex caters mainly to U . },{ Coins Supported by Coinmama The following list includes the tokens and coins supported by Coinmama for the time being. Payment Methods You can buy Bitcoin or Ethereum with your credit/debit card. Lastly, you will need to take a selfie with your ID and a note with today's date and the word 'Coinmama'. Now, you need to upload your documents. Also, Coinmama does not store user credit card or bank details. Acceptable IDs include: A non-US international passport (double page) A national ID card (both sides) A driver's license (both sides) Level 2 In addition to the ID uploaded for level 1, you need to submit a secondary ID. { This can be located under the Marketing Tools tab in your Coinmama account. Getting Started Are you ready to buy bitcoins instantly with your Visa or MasterCard credit card or debit card? "@type": "Answer", At the moment Coinmama supports buying only of the following coins: Coinmama accepts credit or debit cards that are issued by Visa or Mastercard. Email . } "@type": "Answer", Coinmama also supports multicurrency purchases of cryptos. It is highly appreciated. 1 minute read. Customer support. Buy & Sell Limits Here are the daily spending and cyclical limits for liquidity on Coinmama exchange. You must make a cumulative purchase amount of 18,000 USD over a 90-day rolling period. "@type": "Question", To fight fraud all users are required to submit verification before making a purchase. From my own experience I can say that verification with Coinmama was relatively easy, and yes, they require a lot of information. . 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.). 15,000 USD / ? I truly appreciated her kindness and help to navigate this new crypto journey my husband and I are on. Bisq Rates and Buying Limits. She spent the necessary time with me, asked the right questions, and made sure I understood everything. If you want to send Customer Support a message you can do so here. There are 3 levels of verification, with increases in account spending limits for each. There are plenty of articles available via the help center to assist users in navigating and understanding the processes. Crypto assets are at risk of losing substantial (or all) value within a short time period. Level 1 Crypto Curious: New Coinmama users are Crypto Curious. There are 10 assets available to buy, but you can only sell Bitcoin. "url": "https://www.smartbitcoininvestments.com/coinmama-review/", document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); I bought bitcoins from coinmama is pending for 3 days without receiving my crypto what a bad services from coinmama after my account have been verified. You have the choice between uploading a (1) Drivers License, (2) National or State ID, or (3) Non-US Passport. Coinmama is currently available in more than 180 countries worldwide, including Australia, and it also accepts all local currencies. We hate spam as much as you do. 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. For SEPA bank transfers there is no fee (0%), however, your bank may charge additional fees. Yes. Also, it seems that the exchange rates Changelly uses are cheaper than Coinmamas, so overall you can save up to around 3% by using their service. Check your email for a verification confirmation email. }, You have the choice between uploading a (1) Driver's License, (2) National or State ID, or (3) Non-US Passport. Daily videos sent straight to your inbox. Users can click the Chat link and search by topic for filed articles. Upon completion of a crypto purchase, all coins are remitted directly to your external wallet. Both accept credit card and debit card as a payment method and allow you to purchase Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. 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. Chinese Yuan isn't supported. This is lower than the 5.9% Coinmama charges. Step 4:From here you will be brought to the accountverification page. Coinmama does recommend that users enable 2-factor authentication on any wallet apps, however. Countries Supported - All Over The World (190+ Countries) Coinmama is supported in over 190 countries and is constantly adding more (view list). Once verification and purchases have been approved you will receive your purchased digital currency instantly into your bitcoin wallet. } You might have limited functions in some countries but overall, the service is available in the widest range of countries. No, your credit/debit card details are not saved in our system. Your transactions are performed instantly and appear in your wallet right away. Coinmama charged an extra 5% when purchasing through credit cards besides normal purchasing fees. Albania 3. }, { Not only is Coinmama one of the most popular bitcoin exchanges around the globe, but also it is one of the oldest that accept credit card and debit card purchases. Step 4: From here you will be brought to the account verification page. Transfer options vary depending upon user domicile. 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. 100% guaranteed!! All transactions are between the user and Coinmama. The main aim of Coinmama is to allow people to own and control their economy, which is often impossible with the traditional financial system. Supported Countries / States. All cryptos are immediately transferred to the purchasers specified wallet upon purchase. Coinmama accepts all fiat currencies, and our rate can be displayed in either USD, EUR, GBP, CAD, or AUD. Furthermore, you can view confirmation of the order on the blockchain explorer. //