While this is the case, the most popular cryptos are available. With users accepted in every country and region. "@type": "Answer", Coinmama has been able to gain popularity in the world of crypto exchange platforms with the help of its simple user interface. Step 5: Congratulations! With high spending limits and instant delivery of cryptocurrency, Coinmama delivers a first-class experience for beginners and high rollers. Supported Countries / States. For a complete guide on which form of ID is required in each country, read this post. Credit or Debit Card: 5% momentum fee: Locked rate and fast delivery that is instant. You are required to provide your wallet details during the transaction process. It is highly appreciated. Usually, it takes between 5 to 15 minutes for your Coinmama account to verify successfully after uploading your documents. Name Ticker Launch Year Bitcoin BTC 2009 Visit Litecoin LTC 2011 Visit EOS Token EOS 2017 Visit Ethereum ETH 2016 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. "text": "Coinmama is supported in over 190 countries and is constantly adding more." Company Facts: Coinmama is one of the fastest ways to get started with purchasing Bitcoin and Ethereum with a Visa or MasterCard credit card or debit card. Angola 5. Do you offer your services internationally? As a financial service, Coinmama is committed to the highest security and privacy standards. The transaction will always be between you and Coinmama. Albania 3. Then, to buy Bitcoin, click the "Buy/Sell" tab as shown below. Coinmama allows you to purchase and sell cryptocurrencies with a variety of different payment methods. 99 Coins International PTE. However these are just standard Know Your Customer (KYC) and Anti Money Laundering (AML) policies that most legit exchanges must adhere to. This removes anonymity while protecting users. On the bright side, Coinmama receives a score of Great from TrustPilot. Upload your passport, following the instructions provided. 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. 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. Pros: Good support, relatively quick verification process. Alex and Joshua made my first ever, Bitcoin purchase experience welcoming! This may impact how, where and which products / companies / services we review and write about. I am so satisfied about the service Alex provide to me I'm very thankful everything was on point and professional thank you for your service and keep up the excellent work. Upon completion of the information, click Next. Daily limit: 5,000 USD/EUR Monthly limit: 20,000 USD/EUR The daily limit lasts 24 hours from the moment an order is placed. Australia 12. Coinmama's supported cryptocurrencies. Transaction limits vary based on your verification level. Both companies are regulated entities registered as Money Service Businesses with FinCEN. There are 3 levels of verification, with increases in account spending limits for each. ApplePay: Allows millions of Apple users a seamless experience when buying Bitcoin. Users must complete the verification process to buy and sell cryptos. Binance allows purchases of crypto with a credit card, both through themselves and third-party providers such as Simplex. For more information on how to create an account with us, click here. Azerbaijan 13. Coinmama is an online cryptocurrency exchange supporting the purchase of cryptos. Some would argue that Binance has an easier KYC process, but Ive actually experienced it the other way around. ", See here for details on verification levels. . }] As stated above, Coinmama supports a wide range of countries, probably the widest amongst cryptocurrency exchanges and significantly more than most of its rivals, including Coinbase and BitStamp. } "acceptedAnswer": { Coinmama, a cryptocurrency exchange platform, offers a fast and safe way to purchase and sell most of the most popular cryptos. Our funding providers may, at their own discretion, deny funding to certain geographical locations. 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). Coinbase has more options for cryptocurrency purchases (0x), while Coinmama supports Ripple and Cardano. IT IS A BIG SCAM, TRAP YOUR MONEY. Buy & Sell Limits Here are the daily spending and cyclical limits for liquidity on Coinmama exchange. As a financial service, Coinmama is committed to the highest security and privacy standards. As long as your account is verified, once your order is placed, your bitcoin will arrive in your bitcoin wallet in approximately 10 minutes. Paxful has an excellent customer service team which will help you answer any questions you may have. ", 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,. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. (As shown below). If you want to view more great exchanges for buying and selling bitcoin check out our full guide. Sell Crypto: Users are able to sell Bitcoin on the Coinmama platform. Account & Security Where safety comes first. Your email address will not be published. Coinmama accepts only Visa and Mastercard. Are my credit/debit card details saved in your system? Your Coinmama account is set up and ready to go. This is an important feature to consider, since sometimes a day or two can mean large price fluctuations. Coinmama is a leading cryptocurrency brokerage company that allows you to buy several types of cryptocurrencies with your credit card, by wire transfer (SWIFT, SEPA, Fedwire and FasterPayments) as well as through Apple Pay. Bermuda 20. For a detailed review about Coinmama keep reading this post. Cons: Limited states in the US. On transactions with a locked crypto rate and instant deliver (credit/debit cards) there is an additional 5.0% momentum fee. 5 / ? When ready to proceed, click "Complete My Profile" as shown below. Earn 15% of Coinmamas commission on all referral purchases included all their future purchases. Prices are denominated in EUR, USD, GBP, AUD, CAD or JPY. 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. "@type": "Question", The fiat selection consists of US Dollars, Euros, British Pounds, Canadian Dollars, Australian Dollars, and Japanese Yen. 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. "name": "How Long Does It Take To Buy Bitcoin On Coinmama? 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. "price": "0" In order to change the purchase currency, simply go to the current dropdown menu and select your preferred currency. 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, based in Slovakia and founded in 2013, is a property of NBV International, which is a daughter company of New Bit Ventures Ltd company. "name": "Coinmama", Address: 13 Kypranoros str, Evi Building 1st Floor, Office 104, 1061 Nicosia Phone: +35722310999. } While you wait, we recommend that you familiarise yourself with the platform. 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. Really good.. but also your information on your site was a real eye-opener! Please refer to our FAQ on debit and credit cards for the full list of accepted regions. She deserves 10 stars! I came across multiple crypto platforms and Coinmama is the best. Support requests are usually answered within 24 hours. This is lower than the 5.9% Coinmama charges. 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/. PLEASE DO NOT MAKE ANY TRANSACTIONS FROM HERE. Are you ready to buy bitcoins instantly with your Visa or MasterCard credit card or debit card? Per the reports, Fiat and KIA will now sell cars in the Metaverse by utilizing the capabilities of ChatGPT. }, You then need to provide your bank details. "@type": "Answer", If you have general issues feel free to send an email to the support staff or submit a ticket here. A full list of supported countries is available on the Coinmama website. Coinmama is a reputable company and their support is pretty good. ", Total cumulative crypto purchases at Level 1 verification are also capped, at 15,000 USD. It provides users with a platform to purchase Bitcoin and Ethereum using credit and debit cards. Bitmex is a P2P cryptocurrencies trading platform established in 2014 by co-founders Arthur Hayes, Ben Delo and Samuel Reed, who have respective backgrounds in finance, trading, and web . Before making any purchase decision with an exchange always ensure to investigate the reputation of management, venture capital investors and regulatory approvals. window.__mirage2 = {petok:"WgpiZBLxhAby4tG2DqiF5QTMMfQp4nATYxsI4D.kRJg-5356800-0"}; Thumbs up for the excellent service guys. TradeBlock XBX lists an average of known provider rates, to which Coinmama adds 2% (Std Dev) and includes Coinmamas commission fee of up to 3.9%. Required fields are marked *. "reviewBody": "An Inside Look At The Coinmama Cryptocurrency Exchange What Is Coinmama? Coinmamas brokerage service allows you to buy Bitcoin and other cryptocurrencies easily with your credit card, SWIFT or SEPA transfer and was also the first company to partner up with Apple Pay to buy Bitcoin. Rewards are paid only after 3 successful orders made by at least 3 different users. The image and the text of your ID are clearly readable. Unfortunately, this cant be avoided when using a credit card, but considering the prompt service its sometimes worth the cost. Every new customer to Coinmama must submit verification for their account. From my own experience I can say that verification with Coinmama was relatively easy, and yes, they require a lot of information. Send the Bitcoins that you wish to sell to the Bitcoin wallet address provided. Please note that American Express, Discover and PayPal are not accepted. As instructed, ensure that: Now take a selfie. Lets hope theyll be back soon. 5,000 USD / ? How To Buy Bitcoin On Paxful With iTunes Gift Card Heres a short comparison of Coinmamas brokerage service compared to other popular services around. Getting Started Are you ready to buy bitcoins instantly with your Visa or MasterCard credit card or debit card? Coinmama does not provide users with wallets on the exchange. The same as Level 2, and you must be nearing your 50,000 USD account limit. I truly appreciated her kindness and help to navigate this new crypto journey my husband and I are on. 2022 Lithium Gold Ventures, LLC. We currently support instant credit and debit card purchases of cryptocurrencies in the following countries: . Coinmama delivers coins within minutes of purchase. Cookie Settings. Most credit transactions will also have a credit clearing fee of between 3%-5%. 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). Anguilla 6. 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. Once verification and purchases have been approved you will receive your purchased digital currency instantly into your bitcoin wallet. Apart from two of the above IDs, you will also need to upload a utility bill and complete a KYC questionnaire. This can be located under the Marketing Tools tab in your Coinmama account. You need a cumulative purchase amount of 5,000 USD over a 90-day rolling period to maintain status. In terms of supported currencies - also Binance with its hundreds of supported coins. The only countries that Coinmama is not operational in are obviously sanctioned countries. Coinmama is a leader exchange in the crypto community by a group of crypto experts and entrepreneurs. Coinmama accepts a variety of payment methods for 6 different fiat currencies, and provides multiple purchase options for customers. More advanced users can use alternative trading platforms to save on transaction fees. 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. For beginners, this is an excellent option for buying your first Bitcoin. Certain countries are also served by a third party, rather than directly by Coinmama themselves. Supported Countries Verification time takes between 5 to 15 minutes. Certain countries are also served by a third party, rather than directly by Coinmama themselves. "@type": "Answer", Barbados 16. Complete the information requested. "@type": "Offer", Since the genesis, Coinmama is trusted by over 2,300,000 people across 197 countries. Fees. Belarus 17. Enter the number of Bitcoin that you wish to sell and then click Sell. Argentina 9. Coinmama charged an extra 5% when purchasing through credit cards besides normal purchasing fees. The short answer is yes. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. To qualify you must have been purchasing cryptos for at least 30-days. Coinmama operates in over 190 countries and territories worldwide. In order to sell Bitcoin, click the Sell icon located at the top of your Coinmama page. Usually, it takes between 5 to 15 minutes for your Coinmama account to verify successfully after uploading your documents. 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. Rates are calculated by the XBX Index average + 2% (STD dev) + Coinmama sales fee of between 0.1% and 0.9%. Level 1 Crypto Curious: New Coinmama users are Crypto Curious. Here are the daily spending and cyclical limits for liquidity on the Coinmama exchange. The company now also accepts payments by bank transfer (SEPA and SWIFT) with 0% processing fees (SWIFT, SEPA, Fedwire and FasterPayments) as well as Apple Pay. 50, Overall account spending limit: 50,000 USD, Daily spending limit: ? Five stars for customer service. Coinmama is one of the most established exchanges on the market. "bestRating": "10", You can unsubscribe with one click. Level 3 The same as Level 2, and you must be nearing your 50,000 USD account limit. You are required to enter your full name, DOB, and sex and then click Next. They provide you good service; if reach out to them they respond in a timely manner. Do note that Coinmamas customer service hours are 7:00 AM 24:00 AM GMT. There is also a comprehensive Support FAQ that covers everything you need to know about the Paxful marketplace. Coinmama states that verifications should take from 30 minutes to up to one hour. Users funds and cryptos are not held directly by Coinmama. Yes. Poloniex caters mainly to U . 30,000 USD, Monthly spending limit: ? 42 Pearse St., Dublin D02 YX88, Ireland, Copyright 2023 Coinmama. This particularly important in the volatile world of crypto. There are no wallets on the site, meaning that any purchase made is sent directly to the purchaser's wallet address of choice. Payment methods Step 3:On the next screen you will need to upload a form of identification verification front and back. . "name": "Where Is Coinmama Located? Coinmama accepts all fiat currencies, and our rate can be displayed in either USD, EUR, GBP, CAD, or AUD. This ensures that user assets are protected from theft. This Section / Page contains links to the 3rd party websites of our top partners from whom we may receive compensation. ", Since Coinmama neither holds cryptos on the exchange nor stores customer information, there is no 2-factor authentication. Bolivia 22. . HOW IRRESPONSIBLE TO PROVIDE THE WRONG INFORMATION AND INSTRUCTIONS ONLINE, THEN THE COMPANY DOES NOT TAKE ANY ACTION AND SOLUTIONS FOR CUSTOMERS. Firstly, you will need to choose your Government ID Type and issuing country from the drop-down menus. Coinmama is not a wallet service. This also helps keep your account safe, fight fraud, and more. 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. 2023 Coinmama Exchange Review: Leadership Page. Your email address will not be published. Click on the blue Sign Up button on the top right. Coinmama only supports the sale of Bitcoin, and not the other Coinmama supported cryptos. You have the choice between uploading a (1) Drivers License, (2) National or State ID, or (3) Non-US Passport. Countries Supported: They operated in over 180 countries. "description": "Coinmama is a cryptocurrency exchange that specializes in credit card, debit card, and cash purchases for verified customers in countries all over the globe. Coinmama provides an exchange to support the buying and selling of cryptos. It saddens me to see they have recently stopped doing so. "@type": "Answer", I also took a look at various customer reviews users posted online. The team at Coinmama is amazing! I will be doing a lot of reading before i continue .. Coinmama is an amazing platform. This is the account verification process. Affiliates can: Becoming an affiliate is fast and easy. Coinmama is currently available in more than 180 countries worldwide, including Australia, and it also accepts all local currencies. Some regions are not yet able to use debit or credit cards. Coinmama is a non-custodial cryptocurrency broker from Israel that is incorporated in Europe, Slovakia. 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. Cryptos supported by Coinmama include Bitcoin (BTC), Bitcoin Cash (BCH), Cardanos ADA (ADA), EOS (EOS), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Qtum (QTUM), and Tezos (XTZ). Coinmama also supports multicurrency purchases of cryptos. 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. These are available on the Help Center page. Chinese Yuan isn't supported. 30,000 USD, Overall account spending limit: 1,000,000 USD, Daily spending limit: ? 30,000 USD, Monthly spending limit: ? On top of the stated price, you will also need to add a 5% credit card processing fee. Users can either make purchases by credit or debit card or via fund transfers. Contact Us *CEX MARKETS LTD.
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