Did you know Coinmama has earned the trust of over 2,300,000 users in 197 countries since starting in 20131? This site makes buying crypto simple. It’s great for Bitcoin, Ethereum, or other digital currencies, offering easy use with top-notch security and a safe wallet.
Bitcoin works without any central boss, thanks to blockchain technology2. At Coinmama, you can get Bitcoin and more using credit or debit cards, Apple Pay, and bank wires through SEPA and SWIFT1. So, Coinmama stands out as a very friendly and flexible place to trade crypto.
Key Takeaways
- Coinmama serves over 2,300,000 customers in 197 countries1.
- Bitcoin and other cryptocurrencies can be bought using credit cards, debit cards, Apple Pay, and bank transfers12.
- You can buy cryptos using USD, EUR, GBP, CAD, AUD, or JPY on Coinmama1.
- Coinmama launched in 2013 and is a trusted cryptocurrency exchange2.
- The platform provides a secure wallet and high levels of safety for transactions3.
Introduction to Coinmama
Coinmama makes buying bitcoin and other cryptocurrencies simple. Founded in Ireland in 2013, it now serves over 3 million people across nearly 200 countries45. The platform supports more than 15 cryptocurrencies. You can pay with USD, EUR, JPY, and more. Fees vary from 0.99% to 3.90%4.
Coinmama focuses on keeping your transactions safe. You can use 2-factor authentication and get SMS alerts for added security4. Although there was a data leak in 2019, the platform’s strong safety measures are still attractive. It doesn’t keep users’ funds, boosting security5.
You can use various payment methods on Coinmama, like bank transfers and credit cards45. The platform is easy to use and has 24/7 customer support. This makes Coinmama popular among crypto buyers5.
Coinmama offers three verification levels, with limits up to $1 million5. Although it’s not available in all U.S. states, it’s user-friendly worldwide4. You must complete verification to start trading, ensuring safety4.
Coinmama is well-regarded in the crypto world. It offers an easy and secure way to buy digital currencies. With a 4.4-star rating on Trustpilot, it’s great for both beginners and experienced traders5.
How to Buy Bitcoin on Coinmama
Buying Bitcoin on Coinmama is easy. It lets you quickly step into the digital currency space. You just need to follow a few steps to create your account, add funds, and purchase Bitcoin without any hassle.
Step-by-Step Guide: Creating Your Account
To start, go to the Coinmama website and hit the “Sign Up” button. You’ll need to give your email address, pick a safe password, and fill in your personal info. After that, check your email to activate your account. Keep in mind, Coinmama has made millions of customers happy worldwide since 20132.
Funding Your Account
Once your account is ready, it’s time to put money in it. Coinmama lets you use credit cards, debit cards, bank transfers, Apple Pay, and Google Pay2. Pick the way that works best for you. It’s cool to know that with bank transfers, you can buy up to 12,000 USD a day6.
Purchasing Bitcoin
Buying Bitcoin is easy once your account has money. Just head to the buy section, pick Bitcoin, and enter how much you want. Coinmama has lots of cryptocurrencies to buy, including Bitcoin6. After you confirm your wallet address, Coinmama will send the coins within an hour after they confirm your payment2. Bitcoin’s value has gone up a lot over time, making it a great investment2.
In short, Coinmama makes buying Bitcoin simple. Thanks to various payment choices and fast transactions, you can quickly grow your cryptocurrency collection.
Advantages of Using Coinmama
Coinmama is a great choice for those into crypto, offering lots of benefits. It’s perfect for buying bitcoin or selling ethereum.
Wide Range of Cryptocurrencies
Coinmama lets you pick from nine digital assets, offering a broad mix for crypto fans7. You can get your hands on 15 currencies like BTC, ETH, and DOGE8. Coinmama simplifies buying bitcoin or selling ethereum.
Fast and Secure Transactions
Coinmama stands out for quick and safe trades. Fees range from 2.93% to 3.9%, with credit cards seeing a 5% fee79. It gives you full control over your wallet, adding more security9. It’s a solid choice for safe dealing.
Responsive Customer Support
Good customer service is key in crypto exchanges, and Coinmama shines here, despite some mixed reviews. It received a low rating for support options but offsets this with user-friendly design and thorough help guides8. There’s a $30 min for card payments in the U.S., making it accessible8.
With these features, Coinmama is top-notch for buying bitcoin, selling ethereum, or making secure deals easily. Serving over three million customers worldwide7, it’s a reliable, user-friendly choice for crypto transactions.
Payment Options Available on Coinmama
Choosing to buy crypto online via Coinmama offers you many payment choices. You can use a credit card, debit card, or even a bank transfer. For more convenience, digital wallets like Apple Pay and Google Pay are also accepted. Buying cryptocurrency has never been easier with these options that fit any preference or financial situation.
Coinmama is a top pick for buying cryptocurrencies such as Bitcoin and Ethereum. You get your BTC quickly after paying and confirming your wallet. Since starting in 2013, Coinmama has made millions of customers worldwide happy. This shows it’s reliable and efficient2.
Using a credit card on Coinmama stands out for fast crypto buys. It skips the usual bank steps. Meanwhile, bank transfers are still popular for those liking traditional methods. Coinmama’s flexible, offering lots of choices to meet everyone’s needs3.
Coinmama’s top-notch customer service is also a big plus. They’re always available to help, no matter the time. This makes your purchase, whether by bank transfer or credit card, smooth and supported3.
Coinmama keeps up with its user’s changing needs by offering various payment methods. This commitment enhances customer satisfaction and meets the demand for easy, secure crypto transactions2.
Coinmama Security Features
Coinmama strives to keep high security, helping customers trade securely. They don’t offer a wallet service themselves. Instead, they teach users how to safely make and manage their own wallets. This protects their digital currencies.
High Standards of Security
Coinmama gathers two kinds of data: Non-personal and Personal. This includes account and registration info, information given by users, communication and device data10. They collect names, email, phone numbers, address details, ID and employment information during sign-up10. They use this info for setting up accounts, authentication, marketing, fraud detection, and more10. This thorough method stops unauthorized access and boosts security for users. Coinmama also works with third parties like Forter and Worldpay as Data Controllers for some personal data10.
Storing Cryptocurrencies Safely
Coinmama encourages using safe storage solutions for digital currencies even though they don’t offer wallet services. They suggest spreading Bitcoin across multiple wallets to lower risks11. They also recommend using Two-Factor Authentication (2FA) to further secure accounts11. Plus, keeping wallet software updated is vital to guard against security flaws11.
Yet, even with strong security, Coinmama faced a breach on February 15, 2019. This incident exposed around 450,000 user emails and hashed passwords, impacting 1.4 million accounts12. Following this, Coinmama formed an Incident Response Team and worked with top security companies to improve their protocols12. They advised customers to change their passwords and watch their accounts for strange activities12.
Coinmama’s focus on high security and safe storage tips shows their commitment to secure trading in the crypto world.
Popular Cryptocurrencies to Buy on Coinmama
Coinmama is known for its easy-to-use platform. It lets you buy bitcoin and other digital currencies like Ethereum. It’s a reliable choice for new and seasoned investors alike.
Bitcoin (BTC)
Bitcoin is the first and most famous cryptocurrency. It’s a top pick for those new to digital currency investing. In early 2018, Bitcoin’s price nearly hit $1600. By mid-February 2021, it reached around $187013. Its solid reputation and high market value make it a mainstay in crypto portfolios.
Ethereum (ETH)
Ethereum started in mid-2015 and quickly became the second-largest cryptocurrency13. Its smart contract feature has boosted its popularity. Coinmama makes it easy to buy and sell Ethereum, helping you include it in your investment mix.
Other Digital Assets
There are more digital assets at Coinmama, besides Bitcoin and Ethereum. Litecoin, for example, started in late 2011 and is a leader in the crypto market13. Cardano’s value has increased fourfold since early 202113. Coinmama also offers privacy coins like Monero and popular tokens such as Dogecoin. This allows you to diversify your crypto investments.
If Bitcoin and Ethereum prices go up14, more people might become interested in cryptocurrency. Coinmama is a great option for following market trends. Since 2013, it has helped millions from 188 countries buy and sell crypto, making it a trusted name.
To find out how to pick the best cryptocurrency for your investment, read Coinmama’s blog for helpful tips and strategies14.
How to Sell Bitcoin & Other Cryptocurrencies on Coinmama
Want to turn your digital currencies into cash? Coinmama makes it easy. You can sell Bitcoin, Ethereum, and other cryptocurrencies smoothly thanks to its simple interface and helpful support.
Step-by-Step Guide: Selling Your Crypto
First, make sure your Coinmama account is verified. Log in, head to the ‘Sell’ area, and pick the cryptocurrency you’re selling. Type in how much you want to sell and your bank info. Coinmama will show you how to send your crypto to their wallet to complete the sale. You can sell up to 30,000 USD (or its value in EUR) of Bitcoin each day, based on your account’s verification level15. You’ll see clear exchange rates and fees. Fees change from 0.1% to 0.9%, depending on your loyalty status with Coinmama15.
Here’s how selling crypto works on Coinmama:
- European Users: Sell your Bitcoin with SEPA transfers. You’ll need to give your bank details and pass a verification15.
- Non-European Users: Opt for SWIFT transfers worldwide. Just share your banking info and approve the blockchain transaction15.
It’s vital to know about all the fees when selling Bitcoin. These include deposit, withdrawal, currency conversion, network fees, and maybe even taxes on your gains16. Coinmama’s clear about their fees, so you won’t be caught off guard. Their rates are competitive, helping users during tough financial times15.
Receiving Your Funds
After your sale gets blockchain confirmation, Coinmama sends your money to your bank. This way, you receive your funds quickly and safely. Coinmama values your financial freedom and security. They’re working on making their service available in more countries, aiming to help more people easily sell crypto.
In short, selling Bitcoin and Ethereum on Coinmama is straightforward. Knowing the steps and fees involved helps you smoothly turn your crypto into cash. You’ll get your money right in your bank account.
Coinmama: User Reviews and Ratings
Coinmama has become a top choice in the crypto world, with many users giving it high marks. A whopping 73% of people have given Coinmama 5 stars, showing they’re really happy with it17. However, 16% have given it 1 star, reminding Coinmama there’s room to get even better17.
Coinmama stands out among crypto exchanges, known as a reliable platform all over the world. It works in over 190 countries, reaching millions. People love its best features, which meet the needs of its worldwide users.
Many users like how easy and efficient Coinmama is to use. About 7% have rated it 4 stars. And 2% gave it 3 and 2 stars each17. This shows Coinmama works hard to keep things simple and support its customers well. It’s a favorite for both new and experienced crypto users.
Coinmama also offers lots of services, like many types of cryptocurrencies and easy ways to pay. You can use credit/debit cards, Apple Pay, and Google Pay. Its ease of use and safety make Coinmama a go-to for many, earning it great ratings and trust18.
To sum it up, reviews and ratings paint Coinmama as a trusted and beloved crypto platform. It lives up to the expectations of its users worldwide18. Here’s a quick look at how users rate it:
| Rating | Percentage |
|---|---|
| 5 Stars | 73% |
| 1 Star | 16% |
| 4 Stars | 7% |
| 3 Stars | 2% |
| 2 Stars | 2% |
Conclusion
Since starting in 2013, Coinmama has really stood out in the world of cryptocurrency exchanges. Now, it has over 2.3 million users in 188 countries. This makes it a top pick for many1920. Its simple design and strong security features make buying and selling digital currency easy and safe.
Coinmama is up and running in 43 US states and supports 13 types of cryptocurrencies, like Bitcoin and Ethereum. This gives users lots of options20. The platform keeps things secure by following rules set by the Central Bank of Ireland, FinCEN, and FINTRAC20. You can pay with credit/debit cards, bank transfers, and even Apple Pay, SEPA, Google Pay, or Skrill, reaching a wide range of people20.
Coinmama stands out with its great customer service, open from 7:00 am to 01:00 am UTC/GMT. Plus, it quickly checks new accounts, often in just a few hours1920. It doesn’t matter if you’re just starting or have lots of experience, Coinmama’s easy-to-use site, dependable security, and lots of helpful info make trading smooth and rewarding. Choose Coinmama for your crypto needs and be part of a community that values safety and ease.
