CoinSutra and its writers are not responsible for any investment losses from acting on website or social media content. CoinSutra provides general cryptocurrency and blockchain information for educational purposes only. Content on CoinSutra’s website and social media is not financial, investment, trading, or professional advice. Readers should conduct independent research and consult a licensed advisor before making investment decisions.
Because I got the possibility to receive the bitcoins or to receive the funds back. According to my wish after receiving these informations I got within approximately 20minutes my bitcoins ordered on my wallet. To purchase crypto, you’ll need to use fiat, such as USD or GBP. If you need general help with buying, selling or learning about crypto, you can also check out the Help Center. It’s a comprehensive database of explainers and resources to help you learn more about how Coinmama’s exchange works as well as how cryptocurrency works more broadly.
Coinmama Support Team
Those looking for a crypto exchange with lots of tools and products may want to look elsewhere. U.S. users have two payment options, both of which have limitations. Trades funded by SWIFT bank transfer don’t have a fee, but there is a $250 minimum. Credit/debit cards, https://www.tokenexus.com/ Apple Pay, Google Pay, and using a prepaid card to buy Bitcoin incur a 4.99% ‘express fee’ for fixed-rate instant purchases. The final trade fee is displayed before the transaction is confirmed, making it simple for users to see a cost breakdown before buying.
Coinmama’s easy interface and simple transaction flow may be attractive to those new to cryptocurrency trading, but its fees are pricier than many competitors. Market rate plus up to 3.9% for users to buy; market rate plus 0.99% for users to sell. Credit/debit transactions incur an additional 4.99% charge. Coinmama prioritizes convenience, security, and efficiency in its cryptocurrency exchange.
Overview of CoinMama: Review
However, there are still buying limits in place for users. This Coinmama support article provides up-to-date information on their buying limits. Coinmana’s fees will depend on the payment method you choose for your transaction. Coinmama Review There is no concrete information on their site about the exact fees. This Coinmama support article is the only published document. However, by testing some sample orders myself, I was able to gather some data.
- Although it’s a user-friendly place to buy crypto, Coinmama is too costly and lacks too many features for long-term use.
- Binance allows purchases of crypto with a credit card, both through themselves and third-party providers such as Simplex.
- The user experience on Coinmama has been carefully thought out and is designed to suit individuals with various levels of investing knowledge.
- It’s one of the few inconvenient parts of using Coinmama, though.
- Coinmama is a straightforward exchange where you can buy several cryptocurrencies and sell Bitcoin.
Our partners cannot pay us to guarantee favorable reviews of their products or services. All your trading is also done with Coinmama instead of with buyers and sellers on the platform. When you buy, your coins are transferred to your wallet within the hour. When you sell, the USD or EUR cash is deposited directly into your bank account. Your coins are kept in an external wallet, not in your Coinmama account, so the need for mobile monitoring features isn’t that high here.
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Coinmama offers reduced fees to buy and sell through its loyalty program. While there are no monthly membership fees or other regular surcharges, Coinmama does have a kind of complicated fee structure that applies to each transaction. It’s generally in line with—and sometimes cheaper than—what other crypto exchanges charge but a little more transparency about fees would make this area of Coinmama’s service a lot better. Coinmama currently does not offer an exchange, so users looking to sell their cryptocurrency or withdraw it as fiat money must transfer it elsewhere. CoinSutra does not recommend or endorse specific cryptocurrencies, projects, platforms, products, exchanges, wallets, or other offerings.
