We completed a mock purchase while creating our Coinmama review and noticed that users must provide a crypto wallet address before initiating a purchase. Once the address is provided, the user can decide which payment method works for them and complete the transaction. Coinmama earns trust through a long track record, clear regulation, and excellent customer support. High fees and a small coin list are the chief drawbacks, yet many users accept those costs in exchange for speed, security, and multiple payment options. If you seek a direct bridge from a bank account to digital currency without spending time figuring out order books, the coinmama platform delivers.
Ethereum, for example, is not just a cryptocurrency, but a platform for building applications and smart contracts. In the example below you can see that you enter the fiat currency amount and Coinmama automatically shows how much Bitcoin (BTC) you will get for that purchase. Yes, Coinmama can be used in the USA, but it is not available in New York and Hawaii, and some other US states are served by third parties.
Other crypto assets must move to another exchange where sell transactions cost less. The platform is available in over 188 countries around the globe. Users from accepted countries, including Australia, Singapore, Europe, the UK, Canada, New Zealand, and the US, can quickly and safely purchase cryptocurrency using Coinmama. However, there are a few restricted states and territories within the US, including New York and Hawaii.
The friendliest crypto exchange
- Coinmama has some downsides that you should take note of before deciding to open an account.
- This review gives you a fresh look at how the Coinmama platform works in July 2025.
- Just enter your card details as a payment method within the app or via yor account.
- When you place an order in a non‑USD currency, Coinmama applies a small conversion spread on top of the listed coin price.
Verify the padlock icon, which shows the HTTPS certificate is valid, so your personal details and payment information travel over an encrypted channel. Using a secure Wi‑Fi network instead of public hotspots lowers the chance of packet snooping during account creation. coinmama exchange review Coinmama is a well-known fiat to crypto currency exchange that has become popular in the industry.
Coinmama Loyalty Level
Keep your entire face visible, remove headwear, and avoid reflective glasses. The compliance team uses facial‑recognition software to match selfie features with the photo on the document, so clarity, not artistic style, is the goal.
Credit Card and Coinmama Fees
There are no staking opportunities, and Coinmama does not have a mobile app or a crypto wallet. Because Coinmama acts as the counter‑party, orders settle as soon as the payment clears. Coins move straight to the wallet address you enter during checkout, and the firm never holds your private keys. This design keeps your account safe from a security breach at the exchange since the funds spend almost no time in a hot wallet.
This information is general in nature and is for educational purposes only. Hedge with Crypto does not provide financial advice nor does it take into account your personal financial situation. We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own enquiries.
Coinmama Review 2025: Complete Beginners Guide
It’s uncommon to find a cryptocurrency exchange with rave reviews, but Coinmama succeeds where others fail, proving a solid commitment to its users. Coinmama has some downsides that you should take note of before deciding to open an account. To read more about these disadvantages and find out crypto exchanges that are a better alternative in these areas, simply click on the jump links. I do need to mention that Coinmama only offers 15 cryptocurrencies so it is quite limited. If you are after a crypto exchange that offers a wider range, Coinbase offers 160+ coins and KuCoin has over 700+ different cryptocurrencies. Open the Coinmama website by typing coinmama dot com into your browser address bar.
To buy cryptocurrency, simply click buy, select the coin you want to purchase, and the amount in fiat currency, and click Buy Now. There is no need to place an order on the market, or watch price fluctuations. Advanced traders who require limit orders, staking, or margin trading will likely migrate to other crypto exchanges after making their first buy. Coinmama remains a gateway service rather than a full trading platform. Selling crypto back to fiat on Coinmama is limited to Bitcoin and Ethereum only and carries a desk spread that sticks close to five percent.
Coinmama does not store credit or debit card details on the website or servers. Coinmama has 3 levels of verification for crypto purchasing, each requiring more details than the last. It has customer-focused values, endeavouring to put the customer first.
You can find a Coinmama page listing fees from a Google search, but that’s not the point. In my opinion, they should be fully transparent on the main website. In addition, the VIP page states “competitive fees” without mentioning what they are. Coinmama has a loyalty program with three levels, starting with the “Crypto Curious” with zero discounts. The Academy is easy to navigate and written for even the virgin crypto novice.
- A non-custodial cryptocurrency broker like Coinmama is one of the safest places to buy crypto, as the platforms do not store customer funds or hold digital assets.
- Your crypto is sent immediately after both your payment and wallet address have been confirmed.
- Verify the padlock icon, which shows the HTTPS certificate is valid, so your personal details and payment information travel over an encrypted channel.
- If you are after a safe and quick way to buy and sell the most popular cryptocurrencies, then Coinmama is the crypto marketplace you should use.
- There are no staking opportunities, and Coinmama does not have a mobile app or a crypto wallet.
- Each pathway comes with its own commission fee, and card payments are the most expensive.
Paste the destination wallet address copied from your crypto wallet app. Triple‑check the first and last five characters before clicking Next; blockchain transfers cannot be reversed. Cards clear in about two minutes, SEPA bank transfers cost less but settle in one business day, and SWIFT wires suit five‑figure tickets.
It can be used in 190 countries worldwide and has over 3 million users. Crypto Enthusiast – cumulative purchase amount of $5,000 USD over a rolling 90-day period. BestCryptoExchanges.com do not recommend that you buy, sell, or hold any cryptocurrency.
After that, however, customers have no choice but to complete know-your-customer (KYC) verification before being able to use the platform. Coinmama supports users with 24/7 access via email or telephone, which positions it well in the cryptocurrency space when compared to other exchanges. Some users lament that Coinmama doesn’t have a crypto wallet, but it’s easy to set up a wallet quickly. You either love or hate them, and there would be little point as your cryptos aren’t on the Coinmama system.
Coinmama uses automated address validation software; mismatched data may stall the application and push you back in the review queue. Two‑factor authentication with Google Authenticator is highly recommended here; scan the QR code and save the backup codes offline. This extra layer cuts the risk of account takeover if somebody discovers your password later. Coinmama sends an activation link to your inbox within thirty seconds.
The platform then passes through the blockchain miner charge, which on Bitcoin averaged 3.20 USD per transaction in June 2025. Payouts arrive via SEPA for euros or SWIFT for United States dollars, and bank handling fees can shave another 15 USD off the final receipt. Active traders often route coins to a full order‑book exchange or a peer‑to‑peer desk where the combined cost of off‑loading BTC can fall under two percent.