Coinmama accepts 47 fiat currencies for buying crypto, including USD, EUR, GBP, JPY, and AUD. However, features like staking, yield farming, or copy trading are not available at this time. It currently does not support futures or leveraged trading, though its roadmap indicates that CFD trading may be introduced in the future. Coinmama offers only spot trading and OTC services. As of now, Coinmama has neither a web-based trading interface nor a mobile application. Users from other states can freely register, verify, and transact on the platform.
- The prices posted on the site are based on the TradeBlock XBX index plus a standard deviation of 2% as well as the provider’s commission fee of anything up to 3.90%.
- However, users can contact the Coinmama team for less common queries via email.
- Users are responsible for securing their wallet’s private keys and seed phrases, meaning that losing these keys would prevent recovery of their digital assets, underscoring the importance of personal security practices.
- Michael Graw is a freelance journalist who covers finance, trading, and technology.
- Coinmama only offers spot trading – meaning users buy crypto at the current market rate with no leverage or future contracts.
- The unofficial subreddit for Coinmama has just over 100 members and is a great social platform to interact and communicate with other crypto traders and Coinmama users.
Does Coinmama support futures or margin trading?
We also highlight Coinmama’s security features and customer support to help you decide if it’s the right exchange broker for you. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. Michael Graw is a freelance journalist who covers finance, trading, and technology.
Coinmama was launched in 2013 with a mission to make buying and selling cryptocurrencies simpler and widely accessible. In this Coinmama Review 2025, we cover all the key metrics from fees, mobile apps, user experience, payments, regulation, and more. You can buy and sell several cryptocurrencies instantly and when you pay with a debit or credit card you can receive your coins within 10 minutes. Stay up to date with our latest exchange reviews, promotions, how-to guides and educational articles on Bitcoin, cryptocurrency & more. Coinmama has created a help center filled with articles covering how to buy and sell, account security, and the verification process to assist its users with everyday issues.
Instant Buy and Sell Option
Enter your card number or bank account details, finish the two‑factor code, and press Pay Now. Review the order summary that lists the Coinmama spread, card processor surcharge, and blockchain network fee in one view. Return to the dashboard, click Buy, and view live prices for Bitcoin, Ethereum, Litecoin, and seven other digital assets supported on the Coinmama platform. This extra layer cuts the risk of account takeover if somebody discovers your password later. These pages outline how Coinmama stores hashed passwords, handles personal details under GDPR, and reports suspicious crypto transactions to FINCEN. This action forms your first defence in keeping the new Coinmama account safe from brute‑force attacks and credential stuffing bots.
Coinmama is available in over 190 countries, making it one of the most accessible non-custodial crypto exchanges worldwide. CryptoNinjas aims to expand knowledge and understanding of the cryptocurrency and blockchain space. Mabel is a blockchain researcher with a deep understanding of decentralized finance and cryptocurrency markets. It is also great for individuals who value fast crypto delivery and investors who want to buy a limited selection of top cryptocurrencies, rather than active or advanced traders.
At the time of writing this Coinmama review, the platform doesn’t offer Staking or crypto copy Trading software. The lack of a mobile application and a trading platform can be a huge letdown for potential clients. So, there is no web-based trading platform. For example, if you chose “Swap Crypto”, you will be required to enter the cryptocurrency you have, the amount of it, and the cryptocurrency you want in return.
Coinmama account limits (buy and sell)
The program incentivizes users to trade increased volumes by rewarding them with reduced trading fees. Similar to other cryptocurrency trading platforms such as Binance, Kraken, EXMO, and Kucoin, Coinmama offers a loyalty system. However, while creating our Coinmama review, we noticed that the exchange only supported 16 cryptocurrencies, far less than most other cryptocurrency exchanges.
Commission Fee
The fees range from 0.99% to 3.9% on buy transactions, with the exact rate influenced by your Loyalty Level, which includes tiers. It includes tutorials on buying crypto, account verification, and guides on topics such as Bitcoin liquidity and adoption. The content is designed to support users at all levels, from those new to crypto to more experienced investors who want to deepen their knowledge. Coinmama Academy is a comprehensive educational resource from Coinmama that provides beginner-friendly information on cryptocurrency and blockchain technology. The best features of Coinmama include global availability, instant buy/sell, a tiered verification system, its non-custodial model, multiple payment options, and Coinmama academy.
How We Rated Coinmama
The exchange charges spread on trading pairs in addition to a level-based commission. The crypto exchange provides various services, including Buy/Sell, Swap, and Trade. Coinmama offers access to 80+ cryptocurrencies in an OTC market. Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. Azcryptoexchanges.com is a free website which helps investors decide which broker/exchange is best for them.
How long does Coinmama verification take
Credit/debit card purchases incur an additional payment processing fee, around 3.90% to 5%. This spread markup helps Coinmama offset price fluctuations since cryptocurrencies are not controlled by any central authority, and prices can vary rapidly. This fee locks the crypto rate for an extended period, providing price certainty and speedy processing.
We recommend That you consult your legal advisors and review the legality of the use of brokers/exchanges in your country. When investing or trading in securities you will be accepting a high amount of risk. Coinmama offers career opportunities for those passionate about crypto and financial empowerment. It’s a well-supported program that empowers content creators to earn while sharing a platform they trust. Coinmama users can earn up to 30% commission for every purchase their referrals make through the affiliate program. The upcoming Coinmama wallet is designed to help you take full control of your funds.
After verification, users select the cryptocurrency they wish to buy and provide a third-party wallet address to which the crypto will be sent. Regarding reputation, Coinmama has generally positive user feedback for quick transactions and ease of use, though some users note relatively high fees compared to other exchanges. Instead, users buy crypto directly with fiat currencies using various payment methods (credit cards, Apple Pay, Google Pay, SWIFT, bank transfers), and the purchased crypto is delivered to the user’s personal wallet instantly. After all, we would suggest that eToro is the best trading platform to trade cryptocurrencies in 2025. Verified eToro clients can transfer crypto-coins from the eToro trading platform to the eToro wallet which supports Bitcoin, Bitcoin Cash, Ethereum, XRP, Litecoin, and XLM. Before you commit to signing up with Coinmama we recommend taking a wider perspective to see whether there is a better online trading platform or crypto exchange that fits your needs.
This can be somewhat of a turnoff for traders interested in selling other altcoins or executing crypto-to-crypto exchanges. Nevertheless, clients can only sell Bitcoin for fiat currencies including US dollars and UK pounds on the crypto exchange. Seeing as cryptocurrencies are decentralized, which therefore means that there are no central banks or governments managing the digital currencies, it is vital to note that every crypto exchange selects its own rate. The majority of crypto exchanges support transactions between sellers and buyers, however, Coinmama facilitates crypto transactions between buyers and the company as all digital currencies sold originate from Coinmama’s inventory.
Coinmama Payment Methods
Start opening an account with the Coinmama exchange by entering the official website. However, it claims that CFD trading will be available soon on the platform. While the exchange supports 44 fiat currencies for coinmama exchange review purchasing crypto, only GBP, EUR, and USD are accepted for withdrawals.
- If you want to buy and sell cryptocurrency with Coinmama then follow these steps to learn how to open an account and start Bitcoin trading and more today.
- For instance, a $1000 crypto purchase using PayPal incurred a 14.69% fee, while SEPA transfers carried a lower 10.05% fee.
- Coinmama is a non-custodial platform, meaning it doesn’t store user crypto.
- Before you commit to signing up with Coinmama we recommend taking a wider perspective to see whether there is a better online trading platform or crypto exchange that fits your needs.
What types of crypto services are available on Coinmama?
Gemini and Bitstamp both offer call‑back forms for United States residents, a service gap that Coinmama customers still notice in feedback surveys. Coinmama is a broker, not a custodian, so every order requires a destination wallet address. Roughly 78 percent of platform turnover during May 2025 came from BTC and ETH alone, leaving thin liquidity in the other eight markets. The points below flag the concerns most frequently reported by active users. Even a service created for quick card purchases comes with drawbacks that can eat into profits or slow the selling process. No customer balances were lost, and since that event the platform records zero confirmed breaches.
Coinmama adds an average platform spread of about five percent to every buy or sell quote, then layers a five percent processing surcharge when you pay with a Visa or Mastercard. Continuous monitoring and cold wallet segregation keep users funds separate from corporate capital, maintaining clear proof of reserves at all times. Coinmama Academy features more than forty short tutorials that cover topics like cold wallets, bank account details for SEPA transfers, and spotting phishing links. Most newcomers finish the entire flow in under ten minutes according to platform analytics published in May 2025, which logged an average checkout time of eight minutes thirty seconds across thirty‑seven thousand new accounts. Once a payment receives bank clearance the desk releases coins directly to the wallet address supplied during checkout. Card deals carry a five percent processing surcharge plus the standard Coinmama fees that average five and a half percent on the coin price.