TheCollegeInvestor.com strives to keep its information accurate and up to date. The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product’s website. Rather than earning money with Coinmama, you are buying cryptocurrencies from the exchange and hoping that they increase in value. Keep in mind that cryptocurrencies are a new asset class and price swings are common. When investing money, it’s important to understand the purpose of an asset in your portfolio.
Cryptocurrencies Available on CoinMama
Please click on the green ‘Go to site’ button above if you wish to be redirected to the official site of Coinmam and process your BTC purchase from there. Whether products shown are available to you is subject to individual provider https://www.tokenexus.com/ sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website. If there are no issues with the documents you submitted for verification, this process should only take about an hour.
Coinmama Development And Growth
In conclusion of this Coinmama Review we can say that this is a reputable company, so the short answer is yes, Coinmama is legit and safe to buy crypto on it. The only downfall is its high fees, which unfortunately can’t be avoided when using a credit card at the moment. However, when you enter your payment details and buy crypto on Coinmama, your coins are instantly sent to your own crypto wallet as soon as the payment goes through! Needless to say this is much safer for both you and the exchange (avoids the risk of being hacked). As a financial service, Coinmama is committed to the highest security and privacy standards.
Are There Any Fees?
NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Our estimates are based on past market performance, and past performance is not a guarantee of future performance. Level 1 requires proof of one valid government-issued ID and allows total purchases of up to $10,000.
- The platform to doesn’t custody assets for you, which means that any purchase you make is sent directly your wallet address of choice.
- At peak times, however, the verification process could take a couple of hours.
- Coinmama is a well-known fiat to crypto currency exchange that has become popular in the industry.
- This advertisement contains information and materials provided by Robinhood Financial LLC and its affiliates (“Robinhood”) and Publisher, a third party not affiliated with Robinhood.
- So, the trader does not have to worry about paying hefty sums as transaction fees while buying more significant amounts via SEPA through Coinmama.
- Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions.
Also, unlike other exchanges/services, Coinmama doesn’t have an inbuilt BTC, ETH, LTC, BCH, ETC, XRP, QTUM, ADA wallet. With a background in professional poker, George became interested in cryptocurrency after looking for potentially lucrative investment opportunities. He now spends a lot of time navigating through the wealth of misinformation on altcoins in order to decide which will be the next addition to his portfolio. There are also daily and monthly limits for all users – the former is capped at 5,000 USD/EUR, while the latter is capped at 20,000 USD/EUR. Fill out the registration form on the homepage of You’ll need a valid email address, password, full name and country of residence. You will receive an email from Coinmama that directs you to the verification link.
- All your trading is also done with Coinmama instead of with buyers and sellers on the platform.
- Visit other comparable exchanges that provide a greater variety of crypto alternatives for cryptos even if Coinmama does not have your favorite cryptocurrencies in its inventory.
- For unlimited purchase amounts, you must contact [email protected] to request level 3 verification.
- Whether you choose Coinbase or Coinmama will depend on your needs and expectations.
- Having access to a substantial number of assets is crucial for anyone wishing to buy and sell crypto.
- Transactions fees on the platform are high, so unless you have a specific reason to use Coinmama, you may be better off using an exchange with lower fees.
- However, Coinmama does perform exceptionally well compared to other similar services.
- Coinmama is one of the oldest Bitcoin exchanges in business, and it has been selling Bitcoins via credit/debit cards for longer than any other company.
- We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
- You either love or hate them, and there would be little point as your cryptos aren’t on the Coinmama system.
- We believe everyone should be able to make financial decisions with confidence.
We’re proud of our content and guidance, and the information we provide is objective, independent, and free. Comparing Coinbase with Coinmama is tricky because they’re different beasts. Coinbase has an excellent reputation but has a few negative user reviews.
COINMAMA REPLIES
Coinbase also has an interchangeable platform in Coinbase Pro, which is more suitable for intermediate to advanced traders. Coinmama even has a VIP verification for high limits of transactions. In order to begin purchasing coins, you first need to verify your identity.