Coinmama is a crypto exchange founded in 2013 in Israel. After that Coin Mama registered in Dublin, Ireland, and under many other names like New Bit Ventures Ltd.
This crypto exchange allows the clients to sell and buy the cryptocurrencies by using multiple payment options or by using many other payment options like Apple Pay, credit card, bank transfer, and Google Pay.
Buying financial products like Bitcoin or any other cryptocurrencies becomes easier just you have to register in the Coinmama account that’s all. Now you know what is Coinmama let’s see the basic details about these exchanges which you must know about.
Pros And Cons Of Coinmama
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Pros
- Wide range of payment options for traders.
- No fees are required for the crypto deposits or withdrawals
Cons
- There are much higher fees than many other crypto providers.
- Doesn’t allow crypto-to-crypto trades.
- No crypto wallet or mobile applications are available here.
Coinmama Details
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Here are the basic details of this crypto exchange which you must know before you start your Coinmama login process.
| Service Type | Cryptocurrency Exchange |
| Founded In | 2013 |
| Payment Methods | Credit, debit cards, and bank transfer |
| Minimum Purchase | $50 |
| Supported Cryptocurrencies | Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, Tezos, Cardano, Ripple, and Dogecoin |
| Spread Through | XBX + 2% (standard deviation) |
| Commission Fee | Up to 3.90% on buy transactions and 0.9% on sell transactions |
| Individual Account Transaction Limit | Level 1: $15,000 Level 2: $50,000 Level 3: $1 million |
| Daily Credit Card Buy Limits | Level 1: $5,000 Level 2: $5,000 Level 3: $7,500 |
| Daily Bank Transfer Buy Limits | Level 1: $15,000 Level 2: $30,000 Level 3: $50,000 |
| Coinmama App Availability | Yes |
Coinmama Services Reviews
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Coinmama provides brokerage services for buying digital assets along with other leading cryptocurrencies. This exchange allows the users to purchase crypto coins from other people at Coinmama Users can buy the coins right from the exchange.
For the Coinmama review, you have to know what are the main advantages of using these exchanges and how it makes a difference from the other crypto exchanges. The biggest advantage of using this exchange is you can sell the bitcoins even when you are not buying the bitcoins from there.
Why You Must Take The Coinmama Services?
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Coinmams services are very authentic and anyone can register their names for their services. The user-friendly platform makes sure any of the users can use this platform. For detailed Coinmama reviews, you must know the advantages and disadvantages of using this platform.
Instant Bitcoin Buying Option
Coinmama has multiple payment options which makes the crypto-buying process simple and easy. Paying through bank transfer, Apple Pay, or Google Pay helps the clients receive the coins within fractions of seconds. The same goes for selling: you can sell bitcoins even when you are buying it from the same exchange.
High Spending Limits
Traders can buy Bitcoins as per their requirements. The minimum amount of bitcoin purchased on Coinmama is 60 USD. The buying limits depend on the accounts statistics and the present financial limits.
Loyalty Of Coinmama
The fees of Coinmama are a little bit higher than the other platforms. This platform also has a loyalty program called Coinmama Loyalty. This is an automatic entry program with a money-saving scheme. The users are treated to chances of lowering their fees to 25%. Without registering in this exchange user account no one can purchase and do the trading with cryptocurrencies.
Come Up With Multiple Safety Features
Coinmama provides a safe and the best cryptocurrency exchange in the German community. You can buy and sell Bitcoin from this platform. The system does not store any information about its customers. It helps to protect the user’s funds and no third party can break into the wallet.
Coinmama Has a User-Friendly Platform
Unlike other crypto exchanges, your only help is enough to handle the platform. Coinmama is a self-explanatory platform. Anyone can understand the functions anytime and then produce and exchange the money through Coinmama webpages. After the Coinmama login registrations, you can find every detail in there along with all the details.
Customer Support
Coinmama offers brokerage services in 188 countries except some of the sanctioned countries and some of the US states.
Available Customer Service
Coinmama focuses on delivering better customer support services and customer experiences. The dedicated customer service is available for all their users. You can avail of their customer services through emails as they are trying to give the answers within 24 houses.
Are There Any Disadvantages of Using the Coinmama Exchange?
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In the Coinmama reviews, disadvantages are the most important part of the game. Knowing only one side of the coin can’t create a full impression of the Coinmama.
Here are the disadvantages of using the Coinmama.
Extra Credit Card Fees
The ability to use debit and credit cards to purchase the cryptos on the Coinmama exchange is an attractive option for traders. If any of these cards are being used they have to pay an extra charge of 5% which is above the market rate.
Coinmama’s Higher Fees
On top of the credit and debit card fees are charged on the Coinmama exchange. The average transitional fees are 5.5% to 5.9% for every transaction. The exact and minimum fees depend on the crypto-traded numbers or intended to buy.
Very Limited Numbers Of Coins
At the Coinmama trading options, you will get very limited options of cryptocurrencies from which you can choose. It will allow the traders to buy from only nine. The most popular two cryptos are Bitcoin and Ethereum.
Bottomline: Is Coinmama Right For You
Of course, it is. Coinmama is a perfect platform for users who want to buy bitcoins. But if you are dealing with some different types of cryptos then you have to check the compatibility first. The traders can avail of Coinmama Loyalty and the leverage discounts. But one thing I must appreciate the services and the support are 24 hours available services. That is a good value addition service.
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