Burning question for every crypto buyer are fees that platforms charge. You may be wondering how long does Coinmama take to verify your account. "name": "Is Coinmama Legit? ", ", 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? For demonstrative purposes, we will keep going with the desktop. Then, to buy Bitcoin, click the "Buy/Sell" tab as shown below. The short answer is yes. For a complete guide on which form of ID is required in each country, read this post. Coinmama offers two entry coins: Bitcoin and Ethereum. Thank you for your swift reaction and fantastic support. Australia 12. Users funds and cryptos are not held directly by Coinmama. Supports the purchase of cryptos with multiple fiat money options to facilitate entry into the crypto world. At the moment we do not have any payment methods available for customers residents in the following countries: Afghanistan Albania Algeria Angola Antigua and Barbuda Argentina Armenia Australia Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belize Benin Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Darussalam Burkina Faso }, The more referrals an affiliate makes, the more Coinmama pays in Bitcoin. In order to contact customer support, click the Help icon that is located at the bottom right of your Coinmama page. Coinmama offers very similar services to Coinbase, but which is the best site to buy Bitcoins? How To Buy Bitcoin On Paxful With iTunes Gift Card "name": "Is Coinmama Safe? "@type": "Rating", ", This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. The only countries that are not allowed to use the Coinmama exchange are the sanctions countries. The daily limit lasts 24 hours from the moment an order is placed. Anyone can get started and purchase bitcoins within an hour. Apart from two of the above IDs, you will also need to upload a utility bill and complete a KYC questionnaire. Thank you. ", Coinmama Countries Supported We're continually adding more, so make sure to check back in every once in a while for updates. 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. },{ Your transactions are performed instantly and appear in your wallet right away. The more you buy or sell with Coinmama the more you save on fees. Certain countries are also served by a third party, rather than directly by Coinmama themselves. Users may withdraw proceeds by bank transfer, or by credit or debit card. Coinmama's platform is operated by Cmama Ltd., established and registered in Ireland. At the moment Coinmama supports buying only of the following coins: Coinmama accepts credit or debit cards that are issued by Visa or Mastercard. Your personal details and documents are encrypted, and your credit card details are not stored anywhere on the Coinmama website or servers. Visit Coinmama Read review How to Use Coinmama 1. However, it imposes limits on trade amounts to discourage fraud using fiat money. If you have general issues feel free to send an email to the support staff or submit a ticket here. Every new customer to Coinmama must submit verification for their account. Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. 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. Fees Although Coinmama provides convenience and speed, there may be fees & charges as well. Your mobile phone with a working camera to take a selfie. Five stars for customer service. Cryptos offered on the Coinmama exchange include Bitcoin (BTC), Bitcoin Cash (BCH), Cardanos ADA (ADA), EOS (EOS), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Qtum (QTUM), and, Tezos (XTZ). Being a top backer of a project with clear leaders would have given them an edge, and this is totally antithetical to the mission Bitcoin first set out to accomplish. },{ Phone: +1 (865) 272-9385. Requiresa valid government-issued IDand aselfie of yourself holding that ID and a note with Coinmama and todays date written on it. Use the search option to find the answer to your question. If you have any issues setting up your account, the Coinmama support team can help you through the process. This may impact how, where and which products / companies / services we review and write about. "@type": "Answer", Apart from two of the above IDs, you will also need to upload a utility bill and complete a KYC questionnaire. On transactions with a locked crypto rate and instant deliver (credit/debit cards) there is an additional 5.0% momentum fee. She was incredibly patient and generous. "@type": "Question", Upon completion of a crypto purchase, all coins are remitted directly to your external wallet. Support requests are usually answered within 24 hours. These fees include the broker fee only. The monthly limit is a moving sum of the last 30 days. Which payment methods are accepted? "text": "Coinmama is supported in over 190 countries and is constantly adding more." Coinmama supplies a brokerage service for Bitcoin and other cryptocurrencies. Crypto assets are highly volatile and largely unregulated. Coinmama provides an exchange to support the buying and selling of cryptos. 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. Step 4:From here you will be brought to the accountverification page. 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. Restricted U.S. states Hawaii New York Restricted U.S. territories American Samoa Guam Northern Mariana Islands Puerto Rico United States Minor Outlying Islands Virgin Islands We are always working to serve new locations, so check in regularly to see if any changes have been made. Supported countries. Coinmama support is typically pretty responsive. Get a Bitcoin wallet, as Coinmama doesn't hold the Bitcoins for you. "name": "What Is Coinmama? 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. IMPORTANT The fees stated in this table are for credit card purchase only. Check your email for a verification confirmation email. Coinmama accepts only Visa and Mastercard. If you want to purchase digital currency with a credit card or debit card it must be a Visa or MasterCard." Changelly takes 5% on top of the existing 5% payment processor fee. The more you spend on Coinmama the greater your savings overall on fees. Coinmama offers a wide range of cryptos that are amongst the most popular cryptos in the market. Coinmama is offering brokerage service which costs 5.9% fees on every transaction being made and it changes depending on the number of tokens being purchased. It operates in 188 countries worldwide, and is available in 24 US States. The company focuses on customer experience and customer service so that transactions are super quick (user verification takes around 30 minutes). Coinmama offers its services worldwide with the exception of sanctioned countries and several US states. Coinmama is the property of New Bit Ventures Ltd, which is a regulated Money Services Business licensed by FINCEN and IMPA. Do note that there is a minimum purchase amount of USD50 equivalent. 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 your state of residence as well. See this guide for more instructions on how to place an order. Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Virginia, Vermont, Washington, West Virginia, Wisconsin, Wyoming. they are scammers. Coinmama has three loyalty levels. "name": "How Long Does It Take To Buy Bitcoin On Coinmama? 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.. Credit or Debit Card: 5% momentum fee: Locked rate and fast delivery that is instant. Coinmama support is the best in the world. Every new customer to Coinmama must submit verification for their account. The document verification process usually takes around 30 minutes, which is one of the quickest in the market. Here are the daily spending and cyclical limits for liquidity on the Coinmama exchange. Since its founding, Coinmama has served more than 300,000 customers in more than 190 countries. "acceptedAnswer": { Coinmama is currently available in more than 180 countries worldwide, including Malaysia, and it also accepts all local currencies. Numerous crypto exchanges and trading platforms do not facilitate the sale of cryptos and withdrawal of fiat money. Customer service hours are from Sunday-Thursday 9:00-18:00 GMT+3 / 2 AM-10 AM EDT / 11 PM-7 AM PDT. Launched back in 2013, Coinmama is registered in Slovakia, while owners New Bit Ventures are based in Israel.. It is highly appreciated. Coinmama is currently available in 226 countries worldwide, and it also accepts all local currencies. The minimum transaction amount to buy cryptocurrency is $50. Bahamas 14. Coinmama provides you with articles to read in order to become acquainted. Countries Supported. It offers services to over 180 countries around the world. You are required to enter your full name, DOB, and sex and then click Next. Total cumulative crypto purchases at Level 1 verification are also capped, at 15,000 USD. Coinbase has more options for cryptocurrency purchases (0x), while Coinmama supports Ripple and Cardano. "@type": "Review", By using this website, you accept our Terms of Use and Privacy Policy. Coinmama is not a wallet service. Join Coinmama today. } As soon as I got home I created a, Bitcoin Wallet, on my Home Computer, through BitPay, & funded it through my BRD Wallet and then I was finally able to purchase a, Cold Storage Wallet from, Ledger their, Nano-X! With the small amount of Bitcoin I now have in several Wallets, As soon as I take delivery of my Ledger Nano-X and set it up I can begin using their Ledger Live Service I can begin my true collection of BTC & ETH thru the, Ledger Live App & they get my coin from services like CoinMama deposited straight into my Cold Wallet for safest keeping. Users can either make purchases by credit or debit card or via fund transfers. It is a centralized service with a large user base of over a million satisfied customers. I could have been scammed! Had a question about transaction processing time, and it was answered promptly, accurately and by a human being! 5,000 USD / ? Once you have created your account, Coinmama will then prompt you to complete your profile. "@type": "Question", 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. "priceCurrency": "USD", The base price is calculated from. The company was founded in 2013 by Asaph Schulman (CEO), Nimrod Gruber (Co-Founder), Martin Koelbaek (CHO), Guy Ben-Yossef (CFO), Yaki Oliel (CRO)." "brand": "Coinmama", Once Coinmama receives the Bitcoins, the transaction will be processed and funds remitted to your bank account. 100% guaranteed!! Since its foundation in 2013, it has grown to serve over 2 million customers across 188 countries and today has over 40 employees. 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). Bhutan 21. Is Coinmama Legit? Good information! Coinmama is not available in the following US states: Coinmama makes your Bitcoin purchase nice and easy. The executive team consists of Asaph Schulman (CEO), Nimrod Gruber (Co-Founder), Martin Koelbaek (CHO), Guy Ben-Yossef (CFO), Yaki Oliel (CRO). Lastly, you will need to take a selfie with your ID and a note with todays date and the word Coinmama. "@type": "Question", } Alex and Joshua made my first ever, Bitcoin purchase experience welcoming! ", Once verification and purchases have been approved you will receive your purchased digital currency instantly into your bitcoin wallet." Affiliate: Affiliates earn 15% of Coinmamas commissions on all referral purchases, including all their future purchases. Yes. Coinmama is a leading cryptocurrency exchange that allows you to buy and sell bitcoin and other cryptocurrencies with a credit card and/or bank transfers. You will require the following: When ready to proceed, click Complete My Profile as shown below. The process is fast. Contact Us *CEX MARKETS LTD. 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. Level 1 Requires 1 valid government issued ID, a selfie of yourself holding that ID and a note with Coinmama and todays date written on it. Coinmamas fees vary depending upon the payment method. While this may be a drawback for some, users who sell their Bitcoin on Coinmama receive fiat money equivalent via bank transfers. , by wire transfer (SWIFT, SEPA, Fedwire and FasterPayments) as well as through Apple Pay, 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. They have a Help Center where you can search to find answers to your question/s. Apart from two of the above IDs, you will also need to upload a utility bill. Click here! When it comes to exchanges, Coinmama is often compared to Coinbase. Coinmama is an online cryptocurrency exchange supporting the purchase of cryptos. "@type": "Answer", Overall, transactions with Coinmama are simple, secure and show up immediately in your wallet, which makes it an excellent option for those pressed for time. If you want to send Customer Support a message you can do so here. },{ Your personal details and documents are encrypted, and your credit card details are not stored anywhere on the Coinmama website or servers. While this is the case, the most popular cryptos are available. Coinmama operates in over 190 countries and territories worldwide. Your email address will not be published. Since the early years, Coinmama has continued to add cryptos to its offering not to mention alternative payment methods. Your personal details and documents are encrypted, and your credit card details are not stored anywhere on the Coinmama website or servers. No. Once you have clicked Buy Now, you will be prompted to enter your target crypto wallet address and choose your payment method. 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/. . Coinmama is a cryptocurrency exchange that has been around since 2013 and is available in 188 countries. As a financial service, Coinmama is committed to the highest security and privacy standards. As a financial service, Coinmama is committed to the highest security and privacy standards. Coinmama Review. I have much respect for this guys. A very user-friendly platform supporting both novice and experienced crypto investors. Coinmama is one of the oldest bitcoin brokers in the business. The Coinmama crypto list also includes Bitcoin Cash, Litecoin, Tezos, Ripple, Dogecoin, Monero, Uniswap, and Chainlink. Since the formation, Coinmama has reached millions of customers in over 190 countries. Yes. The large user base is a result of the number of countries it supports worldwide - over 180! Transaction limits vary based on your verification level. 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. As long as your account is verified, once your order is placed, your bitcoin will arrive in your bitcoin wallet in approximately 10 minutes. 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. In addition to the ID uploaded for level 1, you need to submitasecondary ID. Angola 5. The exchange is also one of. Their only downside, in my opinion, is the high fees. Every new customer to Coinmama must submit verification for their account. }] Cookie Settings. Requires filling out a short form. Fiat and KIA become one of the first companies to take a step forward and leverage the practical applications of the generative AI chatbot - ChatGPT. Users may also scroll down to the bottom of the exchange page to access the FAQ section, which is located under Quick Links. Coinmama does not provide users with wallets on the exchange. Fees: Simplex, Coinmama's credit/debit card processor, charges a 5% additional fee (with a minimum cap of USD 10) on each transaction. For more information about level 3, [email protected]. Coinmama does provide 24/7 email support, however. "@type": "Answer", Continue reading for the most comprehensive review on the web. 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. Coinbase is available in 100+ countries Locations: North and Central America South America Europe Asia Africa and the Middle East North and Central America ( 14 countries supported) Bahamas Barbados Canada Costa Rica Dominican Republic El Salvador Guatemala Honduras Jamaica Mexico Nicaragua Panama Trinidad and Tobago United States South America The same as Level 2, and you must be nearing your 50,000 USD account limit. If you pay with a different currency additional fees may be incurred. Coinmama is a user-friendly crypto exchange platform supporting the buying and selling of cryptos. Crypto assets are at risk of losing substantial (or all) value within a short time period. This page may not include all available products, all companies or all services. 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. } "@type": "Product", }, { We hate spam as much as you do. No. Afghanistan, Aland Islands, Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, The Bahamas, Bahrain, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bonaire, Sint Eustatius and Saba, Bosnia and Herzegovina, Botswana, Brazil, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, Colombia, Comoros, Congo, the Democratic Republic of the Congo, Cook Islands, Costa Rica, Cote DIvoire, Croatia, Curacao, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Haiti, Holy See (Vatican City State), Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iraq, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Korea, Republic of, Kuwait, Lao Peoples Democratic Republic, Latvia, Lesotho, Liberia, Libyan Arab Jamahiriya, Liechtenstein, Lithuania, Luxembourg, Macao, the Former Yugoslav Republic of Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mexico, Micronesia, Federated States of, Moldova, Republic of, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Myanmar, Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand, Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Norway, Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Qatar, Reunion, Romania, Russian Federation, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Sint Maarten, Slovakia, Slovenia, Solomon Islands, South Africa, Spain, Sri Lanka, Suriname, Svalbard and Jan Mayen, Swaziland, Sweden, Switzerland, Taiwan, Province of China, Tajikistan, Tanzania, United Republic of, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States*, Uruguay, Uzbekistan, Vanatu, Venezuela, Viet Nam, Virgin Islands, British, Wallis and Futuna, Western Sahara, Yemen, Zambia, Zimbabwe.