Coinmama is a centralised exchange, meaning they have one single point of failure. If the platform got hacked, your personal information could be more exposed than with a decentralised exchange. 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. Coinmama even has a VIP verification for high limits of transactions. Coinmama has 3 levels of verification for crypto purchasing, each requiring more details than the last.
What does Coinmama offer?
Hopefully, this will be a great decision and an awesome journey. I have an issue with one transaction, that took longer than expected… But at the end it was fullfilled.Conor from tech suppor was really nice to explain and answer any doubt I had. Coinmama has https://www.tokenexus.com/monero-xmr-analysis/ a loyalty program with three levels, starting with the “Crypto Curious” with zero discounts. To apply for the VIP service, click “VIP” and complete the form at the top of the page. The Academy is easy to navigate and written for even the virgin crypto novice.
- A stand-alone application available on mobile, the crypto wallet is non-custodial, meaning users have complete control over their private keys.
- Great service.Had an issue with a payment and the people helped me out.
- As a financial service, Coinmama is committed to the highest security and privacy standards.
- Customers can click the Buy or Sell tab to initiate a transaction on their online dashboard or the mobile app, which is available for Android.
- The platform is user friendly and transactions are completed fast.
✓ Instantly Receive Your Coins to Your Personal Wallet
The verification process of Coinmama includes submitting your documents like a government-issued I.D. With the documents, you will also be asked to upload your picture with your document and a page containing some details. Yes, Coinmama is a safe and reputable company with impressive support.
Step-by-Step Guide in Buying Bitcoin with Coinmama – CoinGecko Buzz
Step-by-Step Guide in Buying Bitcoin with Coinmama.
Posted: Sun, 05 Jun 2022 12:05:59 GMT [source]
Is your cryptocurrency safe with Coinmama?
Coinmama operates in a straightforward manner to allow you to buy cryptocurrencies using fiat currency. That’s the only service that Coinmama Review Coinmama offers to most individuals. For those looking to learn how to buy cryptocurrency, this crypto exchange makes it easy.
How do we review cryptocurrency platforms?
On the face of it, Coinbase might look a bit more daunting and complicated but they do offer a full cryptocurrency solution compared to Coinmama. Coinmama give you a quick buy solution that might work for if you already have a wallet ready to go elsewhere. Undoubtedly, an added benefit is that users can also sell Bitcoin for fiat money. Coinmama also supports the purchase of cryptos in Aussie Dollars, Canadian Dollars, EUROs, Great British Pound, and Japanese Yen. We write product reviews and comparison articles in the field of cryptocurrency.
