By using this website, you accept our Terms of Use and Privacy Policy. This table does not include all companies or all available products. Commissions are paid out once a month after you reach a threshold of $100 since the last payout. "text": "Yes, Coinmama functions as a full-featured wallet for protecting your cryptocurrency. I truly appreciated her kindness and help to navigate this new crypto journey my husband and I are on. Verification Time You may be wondering how long does Coinmama take to verify your account. Once you have created your account, Coinmama will then prompt you to complete your profile. Payment methods for the purchase of cryptos include Faster Payments, Fedwire, Sofot, SEPA, SWIFT, and Apple Pay. Having reviewed over 20 exchanges by now, I know that when people leave reviews online its almost always negative reviews because they are pissed off about something. Rates are calculated by the XBX Index average + 2% (STD dev) + Coinmama sales fee of between 0.1% and 0.9%. It saddens me to see they have recently stopped doing so. Before making any purchase decision with an exchange always ensure to investigate the reputation of management, venture capital investors and regulatory approvals. Your personal details and documents are encrypted, and your credit card details are not stored anywhere on the Coinmama website or servers. Click on the Send For Approval button. Conclusion Coinmama is an excellent way to purchase Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, and Cardano instantly with a Visa or MasterCard credit card or debit card. Coinmama is more of a brokerage than a crypto exchange. Visa Mastercard Cash (via Western Union transfer) SEPA (Single Euro Payments Area) Level 2 You need to submit a secondary ID. Go to the Coinmama confirmation email and click Confirm Your Email. Customer support. Join Coinmama today. They steal your personal information and use it for fraudulent activities. Users can locate the cryptos available for purchase on Coinmama by clicking the Buy dropdown menu as shown below: Coinmama supports the purchasing of cryptos and the sale of Bitcoin. For a complete guide on which form of ID is required in each country, Click on Buy and choose the cryptocurrency you want to buy, Decide on the amount you want to purchase and click buy now, (SEPA, SWIFT, Fedwire, FasterPayments, etc.). Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. The mission of Coinmama is to empower humanity one human at a time by making it fast, safe and fun to buy digital currency, anywhere in the world. The platform is easy to use and sends coins immediately following payment. With high spending limits and instant delivery of cryptocurrency, Coinmama delivers a first-class experience for beginners and high rollers. As a financial service, Coinmama is committed to the highest security and privacy standards backed by excellent customer service. The base price is calculated from. Coinmama supplies a brokerage service for Bitcoin and other cryptocurrencies. It is important to note that Coinmama does provide exchange crypto wallets to house purchased cryptos. Across all these places, it has more than 3.1 million users. Coinmama is a property of NBV International s.r.o, which is a daughter company of New Bit Ventures Ltd. Requires 1 valid government issued ID, a selfie of yourself holding that ID and a note with Coinmama and todays date written on it. Coinmama has a presence in almost all countries, leading to an understanding of how popular Coinmama is. The short answer is yes. Pros: Good support, relatively quick verification process. ", },{ "name": "How Long Does It Take To Buy Bitcoin On Coinmama? Powered by Siteground. "@type": "Answer", Learn everything you need to know about Bitcoin in just 7 days. Launched back in 2013, Coinmama is registered in Slovakia, while owners New Bit Ventures are based in Israel.. "name": "Is Coinmama Legit? Five stars for customer service. Anguilla 6. Do note that there is a minimum purchase amount of USD50 equivalent. Learn how to apply technical analysis to current market: En. Afghanistan, Aland Islands, Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, The Bahamas, Bahrain, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bonaire, Sint Eustatius and Saba, Bosnia and Herzegovina, Botswana, Brazil, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, Colombia, Comoros, Congo, the Democratic Republic of the Congo, Cook Islands, Costa Rica, Cote DIvoire, Croatia, Curacao, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Haiti, Holy See (Vatican City State), Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iraq, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Korea, Republic of, Kuwait, Lao Peoples Democratic Republic, Latvia, Lesotho, Liberia, Libyan Arab Jamahiriya, Liechtenstein, Lithuania, Luxembourg, Macao, the Former Yugoslav Republic of Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mexico, Micronesia, Federated States of, Moldova, Republic of, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Myanmar, Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand, Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Norway, Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Qatar, Reunion, Romania, Russian Federation, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Sint Maarten, Slovakia, Slovenia, Solomon Islands, South Africa, Spain, Sri Lanka, Suriname, Svalbard and Jan Mayen, Swaziland, Sweden, Switzerland, Taiwan, Province of China, Tajikistan, Tanzania, United Republic of, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States*, Uruguay, Uzbekistan, Vanatu, Venezuela, Viet Nam, Virgin Islands, British, Wallis and Futuna, Western Sahara, Yemen, Zambia, Zimbabwe. "price": "0" 15,000 USD, Maximum number of daily orders: ? In order to maintain your Believer status. "name": "Is Coinmama Safe? When you have your ID, mobile phone, and pen and paper ready, click Lets Go. Supported Cryptocurrencies. You are required to enter your full name, DOB, and sex and then click Next. From my own experience I can say that verification with Coinmama was relatively easy, and yes, they require a lot of information. Antarctica 7. Coinmama pays all earnings monthly in arrears. Your personal details and documents are encrypted, and your credit card details are not stored anywhere on the Coinmama website or servers. The process is fast. 5,000 USD / ? The exchange is committed to providing the highest levels of privacy and security standards. Omer represents Coinmama superbly well! The company focuses on customer experience and customer service so that transactions are super quick (user verification takes around 30 minutes). Coinmama accepts all currencies, in particular, USD, EUR, GBP, CAD, AUD, and JPY. There is also a comprehensive Support FAQ that covers everything you need to know about the Paxful marketplace. I can then transfer small amounts, for tranctions, from my Cold Wallet into my BRD & BitPay Wallet, & use BitPay to purchase products, Gift Cards BitPay Service, which is very well-connected to retail vendors, can make product transactions for me using any of my wallets! You can't deposit money on Coinmama, so you need to pay with a credit card, debit card, or Western Union payment. Coinmama offers its services worldwide with the exception of sanctioned countries and several US states. SWIFT, SEPA and Faster bank transfers incur no fee. Once you have completed the payment details, complete the transaction. Requires filling out a short form. How Long Does It Take To Buy Bitcoin On Coinmama? KYC process to protect all user accounts and minimize fraud. Prepaid cards are also supported by Coinmama for buying BTC and other currencies. Submit a query via Facebook messenger on the Coinmama Facebook homepage. Most credit transactions will also have a credit clearing fee of between 3%-5%. Since its founding, Coinmama has served more than 300,000 customers in more than 190 countries. The fiat selection consists of US Dollars, Euros, British Pounds, Canadian Dollars, Australian Dollars, and Japanese Yen. As long as your account is verified, once your order is placed, your bitcoin will arrive in your bitcoin wallet in approximately 10 minutes. These methods are: Cryptocurrency transfer Bank transfer Alipay Thank you. You will require the following: When ready to proceed, click Complete My Profile as shown below. See this guide for more instructions on how to place an order. The mission of Coinmama is to empower humanity one human at a time by making it fast, safe and fun to buy digital currency, anywhere in the world. We strive to keep the list as up to date as possible, so we review it at least once a week. It is recommended that you do not store your bitcoins on Coinmama for an extended period of time and instead consider moving them to a secure cloud, smartphone or hardware wallet such the Trezor One. If you have any questions about this topic, feel free to contact Support. A full list of supported countries is available on the Coinmama website. This is the account verification process. Now you will need to confirm via a confirmation link sent to your email address. Step 2: On the next screen you will find a screen where you can enter your personal details such as email, password, first name, last name, country of residence and possibly yourstate of residence as well. Acceptable IDs include: A non-US international passport (double page) A national ID card (both sides) A driver's license (both sides) Level 2 In addition to the ID uploaded for level 1, you need to submit a secondary ID. The company also operates in the United States . Coinmama sells BTC to UAE country but does not allow to withdraw nor retrieve money from your investment..in short..this is a SCAM!! At the moment we do not have any payment methods available for customers residents in the following countries: Afghanistan Albania Algeria Angola Antigua and Barbuda Argentina Armenia Australia Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belize Benin Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Darussalam Burkina Faso The executive team consists of Asaph Schulman (CEO), Nimrod Gruber (Co-Founder), Martin Koelbaek (CHO), Guy Ben-Yossef (CFO), Yaki Oliel (CRO). Choose your payment method (credit card) and enter your details to complete the sale. If you want to view more great exchanges for buying and selling bitcoin check out our full guide. As a Financial Services Business, Coinmama is required to collect certain details about its clients. Is Coinmama Legit? In order to sell Bitcoin, click the Sell icon located at the top of your Coinmama page.