How good is Coinmama?

Can Coinmama be trusted?

Yes, Coinmama can be trusted. It is a legitimate online crypto marketplace that has been around since 2013. It can be used in 190 countries worldwide and has over 3 million users.

Which is better Coinbase or Coinmama?

Coinbase vs Coinmama cryptocurrency exchange overall score comparison reveals that Coinbase has a higher overall score of 9.6, while Coinmama gathered an overall score of 8.3.

How long does it take to receive Bitcoin from Coinmama?

When selling Bitcoin to Coinmama via bank transfer, the money for your order will be transferred to your bank account as soon as we receive your coins in our wallet, and you can expect to receive it within two business days.

Is Coinmama easy to use?

A very user-friendly platform supporting both novice and experienced crypto investors. Coinmama offers a wide range of cryptos that are amongst the most popular cryptos in the market. Supports the purchase of cryptos with multiple fiat money options to facilitate entry into the crypto world.

Why is Coinmama so expensive?

Coinmama has higher fees than some other providers, though these fees fall as the amount of crypto you purchase and the time you’ve been a customer increase. No crypto-to-crypto trading. Coinmama doesn’t allow crypto-to-crypto transactions. To purchase crypto, you’ll need to use fiat, such as USD or GBP.

How many hours does it take to verify Coinmama?

You’re all set! You can expect to hear from our Verification team within 30 minutes. In the meantime, you may want to learn more about why we verify your account and your account limits.

What are Coinmama fees?

How much will it cost me to use Coinmama? The company charges a 5.5% transaction fee for each purchase. If buying with a credit card, there is an additional 5% fee assessed by Simplex, Coinmama’s credit card processor.

What are Coinmama charges?

Sales of bitcoin have a $100 minimum. Crypto trading costs and transaction fees: To trade cryptocurrency, Coinmama charges a rate that’s based on the market rate of TradeBlock’s XBX Index plus 2%. In addition, there is a commission fee of up to 3.81% on crypto purchases and up to 0.9% to sell bitcoin.

What is Coinmama daily limit?

Daily

Daily Max. order amount Max. order quantity
💳 Bankcard limit (buy) 5,000 USD 5
🏛 Wire transfer (buy & sell) 15,000 USD 10

What is the minimum deposit for Coinmama?

The minimum amount to buy on Coinmama is $30, while the minimum amount to sell is $100.

What is the minimum to buy in Coinmama?

The minimum amount to buy on Coinmama is $30, while the minimum amount to sell is $100.

How many percent does Coinmama take?

Coinmama’s market rate is based on the XBX + 2%. In addition, there is a commission fee of up to 3.90% on buy transactions and up to 0.9% on sell transactions. For credit/debit card transactions, we add a 5% momentum fee. For transactions made by SEPA bank transfer, there is no additional fee.

How does Coinmama make money?

Many sites, including Coinmama, let you earn free Bitcoin just by spreading crypto cheer. When you become a Coinmama Affiliate, you’re given a personal affiliate link that you can distribute through your blog, Facebook, or other social media, and then earn every time someone uses your affiliate link.

How long does it take Coinmama to verify level 2?

The review usually takes only a few minutes, but you may be asked to upload additional documentation, so keep an eye on your email. You’re officially on your way to Level 2 verification!

Can I sell my Bitcoin on Coinmama?

Coinmama understands that to make smart bitcoin investments, you need to be able to buy and sell bitcoin. With Coinmama, you can sell bitcoin and receive money directly into your bank account in a quick and easy way. Type an amount, get a quote, fill-in your bank details, and the money is on its way.

Does Coinmama sell XRP?

Coinmama users can buy bitcoin, bitcoin cash, litecoin, ethereum, tezos, ripple, cardano, dogecoin, uniswap and chainlink. However, users can only sell bitcoin for fiat currency (such as U.S. dollars) on the exchange.

Does Coinmama need KYC?

As Coinmama is only active in certain countries and territories, we need to know you’re from an area we serve. A recent utility bill serves as a proof of residence. You must scan the entire front page of the bill with all four sides showing, or upload an electronic PDF.

How do I get my money from Coinmama?

With Coinmama, you can sell bitcoin and receive money directly into your bank account in a quick and easy way. Type an amount, get a quote, fill-in your bank details, and the money is on its way.

Does Coinmama sell Dogecoin?

Number of cryptocurrencies Coinmama users can buy bitcoin, bitcoin cash, litecoin, ethereum, tezos, ripple, cardano, dogecoin, uniswap and chainlink. However, users can only sell bitcoin for fiat currency (such as U.S. dollars) on the exchange.

Is Vechain on Coinmama?

Can I buy Vechain with credit / debit card? You can buy Vechain with a credit or debit card on a crypto exchange like Coinbase or Coinmama. You’ll need to create a Vechain wallet (an account) and get it approved before being able to buy.

Which cryptocurrency app is best?

Here are some of the best cryptocurrency exchange apps in India:

  1. WazirX. You might have heard this name on social media quite a lot recently, suggesting it is quite popular among people. …
  2. Unocoin. …
  3. CoinDCX. …
  4. Zebpay. …
  5. CoinSwitch Kuber. …
  6. Bitbns.