But as of February 2024, Coinmama users can swap a handful of currencies, including Ethereum, for 500 or so smaller currencies. Coinmama claims that users will soon be able to stake digital coins and trade cryptocurrencies for securities. Bitstamp’s brokerage Coinmama Review service is almost identical to Coinmama’s. Bitstamp is one of the oldest and most respected exchanges out there, so it’s a solid alternative for Coinmama. Also, just like Coinmama, the exchange supports a wide variety of countries worldwide.
Customers buy and sell directly with the company, so orders fill instantly and without any hassle. When dealing with financial transactions online, it’s important to use a site that is safe and secure. Coinmama is a https://www.tokenexus.com/ reputable company with a secure website that is protected by Trust Guard and Comodo. Both security specialists have confirmed that 256-Bit SSL encryption is actively used on pages that contain private information.
Coinmama User Interface
I have a right for my details to be detailed.I have been a victim of a hacking crime, yet Coinmama, I feel like they treating me like I’m stupidDon’t bother trading with them. NerdWallet’s comprehensive review process evaluates and ranks platforms and companies that allow U.S. customers to buy and/or sell cryptocurrency. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgments on which ones will best meet your needs. You will, however, need your own digital wallet to store the cryptocurrencies you buy. For traders who prioritize keeping their payment data secure and minimizing their exposure to hackers or scams, Coinmama is one of the best cryptocurrency exchanges you could choose.
Once your ID has been accepted, you can buy Bitcoin and Ethereum by going to the ‘Buy Bitcoin/Ethereum’ tab. Select the amount you’d like to purchase and provide your wallet’s address (more info on wallets available here). After you’ve input your payment details and they’ve been accepted, your cryptocurrency will be sent to the specified wallet immediately. Overall, Coinmama is a safe place to buy BTC, ETH, LTC, BCH, ETC, XRP, QTUM, or ADA when many exchanges are down due to the surge in demand. The fees for Credit Card Purchases are a mere 5% and is instant.
Coinmama Ratings at a Glance
Coinmama was established in 2013 and has served over three million customers around the world. The company is headquartered in Ireland, and it was founded by Nimrod Gruber, Laurence Newman, and Ilan Schuster. Coinmama supports nine digital assets at the time of publication, including Bitcoin, Cardano, and Ethereum. To use Coinmama, you need to register for an account and verify your identity.
- Bitcoin was in my wallet and confirmed in less than 30 minutes, but that could depend on how heavy the traffic is at any given time.
- You will, however, need your own digital wallet to store the cryptocurrencies you buy.
- Furthermore, the additional spread and express fees reduce the value offered by Coinmama even further.
- Then sent me an email stating they would not delete my personal details from their system, in their own words…..in certain circumstanceswe are not able to delete your personal information.
- Coinmama supplies a brokerage service for Bitcoin and other cryptocurrencies.
CoinSutra writers are not certified financial advisors or brokers. Cryptocurrency activities like purchasing, trading, holding, and selling have inherent risks. Readers should exercise due diligence before participating.
Coinmama vs. Other Exchanges
Click on Buy BTC and on the next screen they will ask you to enter the Bitcoin wallet address on which you want to receive Bitcoins. If you don’t have a Bitcoin wallet address, simply follow this guide and get a wallet address for yourself. However, despite that, we suffer from poor exchange volumes, latency, and unreliable services to quench the thirst of crypto-investors. Moreover, we also struggle to buy popular cryptos like BTC & ETH, which is not a pretty experience. Investors that prefer to remain anonymous will need to choose a non-KYC crypto exchange to buy crypto. Although, limits and restrictions on account features can apply.
This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies, nor can the accuracy or timeliness of the information be guaranteed. Ashley Maready is a former history museum professional who made the leap to digital content writing and editing in 2021. She has a BA in History and Philosophy from Hood College and an MA in Applied History from Shippensburg University. Ashley loves creating content for the public and learning new things so she can teach others, whether it’s information about salt mining, canal mules, or personal finance. Considering that Coinmama has such a beginner-friendly design, it’d be nice to see it improve its educational content.
