Enter the amount of fiat currency you want to spend, and Coinmama will show you the equivalent amount of cryptocurrency. Do you know anyone who might be interested in buying some crypto? If so you might be able to benefit from the Coinmama affiliate program. By referring a new user to Coinmama you can receive a commission on all of their purchases.

On the other hand Coinbase has its regular exchange called Coinbase and also Coinbase Pro. The drawback is that you have to know how to use a trading platform. Coinmama initially only offered Bitcoin for purchase on its platform and has since expanded to offer additional cryptocurrencies.

• The platform is a non-custodial crypto broker, so your crypto purchases are always sent to your secure crypto wallet and not held on the exchange.
• If the order fails, Coinmama will refund your money within 48 hours.
• You will need to get a crypto wallet from a third-party provider in order to receive the coins you purchase from Coinmama.
• Although Coinmama did get hacked in the past and user data got stolen, Coinmama makes security a priority.
• Once you’ve decided to use Coinmama, the Coinmama sign-up process is incredibly simple.
• Unlike many other crypto exchanges, you cannot trade crypto with Coinmama.

Funding and Withdrawal Options

Coinmama is a user-friendly platform for buying and selling popular cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. You can exchange your local currency for crypto and vice versa. While Coinmama does support a number of payment methods the one thing we’d like to see more of is a higher number of cryptocurrencies available for trade on their platform. Hopefully in the future Coinmama will include more coins so that traders have more options to choose from. Coinmama exchange charges an additional processing fee of 5% for buying cryptocurrencies using debit/credit cards.

Account Creation & ID Verification

The information about a specific cryptocurrency exchange or trading platform in reviews and guides may differ from the actual provider’s website. The interface is designed for beginners to easily, quickly, and securely purchase cryptocurrency that resembles Paybis, a similar fiat-to-crypto exchange we have reviewed. There is no price chart to view historical or live Bitcoin prices or advanced order types such as limit or stop-limit. Coinmama is a fiat-to-crypto exchange that allows individuals to buy cryptocurrencies using fiat currencies. While the platform supports USD, EUR, GBP, CAD, and AUD, users wishing to transact in another currency will need to look elsewhere.

As a standard we recommend you place your cryptocurrency in cold storage offline by using a hardware wallet like these. This is because these hardware wallet have an excellent track record. You automatically get included into the loyalty program you are eligible to. As a result you can benefit from saving on fees instantly. As mentioned trading platforms can be overwhelming and rather confusing especially for newbies. If you do decide to sign up with them, make sure you do some research.

• This shows that the exchange is very reliable and that any fraudulent activities on their site will be investigated accordingly.
• Most traders will only ever need to get verified for level 1 and that level requires the least personal information.
• For specific information about a cryptocurrency exchange or trading platform please visit that provider’s website.
• Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
• It’s incredibly easy to buy Bitcoinsat Coinmama, which is one of the reasons they’re so popular.

Top 8 Cryptocurrency Wallets For Your Digital Assets In 2025

Now all you need to do is repeat the previous steps to complete your purchase. At the final stage, you will be asked to enter your debit or credit card details, as well as your Bitcoin or Ethereum wallet address. Besides the use of credit cards, Coinmama also lets traders and investors buy Bitcoin with a SEPA bank account transfer. The disadvantage of a bank transfer however is that if you use it to buy Bitcoin the purchase price is not locked in until the transfer completes. That means that if it takes a day or two for the transfer to clear then the price of Bitcoin may have changed by then.

Does Coinmama offer any bonuses, welcome offers, or referral rewards to its users?

Coinmama works a little differently from standard exchanges in that it does not hold customer cryptocurrency. So you will need to supply a wallet address for your chosen cryptocurrency you are purchasing. To clarify you can either use a trading platform or exchange to buy and sell cryptocurrency.

Founded by Nimrod Gruber (COO, based in Israel), and Laurence Newman (co-founder and business coach in London), Coinmama now serves over three million customers. The first thing that any Coinmama review should cover is who can actually use the platform. Like almost every other cryptocurrency exchange, there are regulations about who can access the platform. CoinSpot offers a large number of cryptocurrencies (50+) from its exchange, which is comparatively higher than Coinmama’s 8.

However trading platforms are much more complex to use coinmama exchange review than exchanges. Coinmama is one of the leading cryptocurrency exchange brokers, with more than 2 million users worldwide. This exchange was established in 2013, with headquarters located in Israel. The company’s mission is to simplify the way the world handles cryptocurrency and makes crypto easy, friendly, and safe for the growing cryptocurrency community.

I will also provide you with a step-by-step guide on how to set up an account, along with some helpful screenshots. Coinmama has an educational resource called Coinmama Academy, a database of blog articles set up to help newcomers understand crypto. Its content focuses on the basics of crypto, which I think is awesome to see a smaller exchange like Coinmama put effort into. The KYC process begins during the final steps of your first crypto purchase or sale.

We’re glad to hear that Coinmama has been reliable and straightforward for you. We appreciate your trust and look forward to continuing to serve you quickly and securely. If there’s ever anything we can do to make your experience even better, please let us know. Companies on Trustpilot can’t offer incentives or pay to hide any reviews. Hedge With Crypto is an independent publisher that provides objective and free content. However, our editorial content remains unbiased, reflecting our own opinions or the general information available.

The private keys for your crypto are never held in Coinmama’s custody. As a peer-to-peer exchange, Coinmama brokers deals directly between buyers looking to purchase crypto with fiat currency and sellers looking to sell their crypto for fiat currency. Multiple crypto wallets are available, so research online if you don’t wish to use the above options or check the best crypto hardware wallets of 2024. Coinmama is excellent for beginners because it is easy to use.

Instead, Coin mama is a buying platform which enables traders and investors to purchase cryptocurrencies like Bitcoin and Ethereum. A derivatives exchange offers products like futures or options. These allow traders and investors to bet on future prices. Derivatives exchanges also commonly have leverage which allows crypto traders to use margin to take out a larger position.

It is ideal for people that have never used or seen a trading platform. ✅ The exact, step-by-step process to investing your first $100 into cryptocurrency today. I had originally posted a 1-star review to express concerns about high fees. Coinmama was started in 2013 as a startup in Israel and has since expanded and served over 2m customers in over 180 countries with over 30 employees.