Coinmama is a cryptocurrency broker exchange that allows users to buy and sell crypto quickly and securely. After all, we would suggest that eToro is the best trading platform to trade cryptocurrencies in 2025. Verified eToro clients can transfer crypto-coins from the eToro trading platform to the eToro wallet which supports Bitcoin, Bitcoin Cash, Ethereum, XRP, Litecoin, and XLM. Before you commit to signing up with Coinmama we recommend taking a wider perspective to see whether there is a better online trading platform or crypto exchange that fits your needs. If you want to buy and sell cryptocurrency with Coinmama then follow these steps to learn how to open an account and start Bitcoin trading and more today.
When users make a purchase, the cryptocurrency is sent directly to their private wallet after payment confirmation. Coinmama is a non-custodial cryptocurrency broker exchange designed for users who prioritize ease and security over advanced trading features. It does not hold users’ crypto funds, minimizing withdrawal fees by sending crypto directly to users’ wallets upon purchase. Unlike many crypto exchanges, Coinmama is not a full crypto exchange, and it does not allow trading between cryptocurrencies or provide a crypto wallet service. Unlike traditional exchanges, Coinmama operates as a non-custodial broker, meaning it does not hold or store users’ cryptocurrency funds or payment details.
Users from other states can freely register, verify, and transact on the platform. Full access to features, however, such as purchasing or selling crypto using fiat, mandates ID verification and progressing through user levels. Coinmama requires KYC for most transactions, but certain limited transactions—like using the Swaps tool—can be done without account creation or verification.
When it comes to fees and commissions, you only pay a 0.5% fee to deposit funds via an e-wallet or debit card, which is much lower than the 5% express fee charged by Coinmama. These metrics include everything from payments and fees to safety and user experience. This Coinmama review has covered all the key metrics you need to consider when choosing a crypto exchange to suit your trading needs. EToro, the social trading platform, which is now home to more than 20 million users worldwide, has tons of trading tools and resources for beginner traders to take advantage of. Furthermore, eToro traders have access to a wide range of cryptocurrencies, as well as crypto-to-crypto, and crypto-to-fiat pairs, which means that whatever your trading preferences coinmama exchange review are, eToro is likely to satisfy your needs. In terms of payments and fees, when you use a bank card at Coinmama, you will incur a 5% express fee on your transaction.
The lack of a mobile application and a trading platform can be a huge letdown for potential clients. So, there is no web-based trading platform. For example, if you chose “Swap Crypto”, you will be required to enter the cryptocurrency you have, the amount of it, and the cryptocurrency you want in return. Coinmama offers buying, selling, or swapping cryptocurrencies with a very simple interface without any charts or order types. Start opening an account with the Coinmama exchange by entering the official website.
Step 4: Place an Order
Coinmama’s user-friendly interface and simple transaction flow are perfectly suited for beginner traders with little experience in crypto trading, however, its commission fees are somewhat higher when compared to other crypto exchanges on the market. By accepting a wide range of fiat currencies not only does this crypto exchange give its clients additional payment methods, but it also removes added conversion fees, thus offering a better fiat to crypto rate. High fees and a small coin list are the chief drawbacks, yet many users accept those costs in exchange for speed, security, and multiple payment options. Outside chat hours users can open an email ticket or browse a searchable FAQ that answers common questions about payment methods, coinmama fees, and verification tiers.
Credit Card and Coinmama Fees
Coinmama accepts 47 fiat currencies for buying crypto, including USD, EUR, GBP, JPY, and AUD. However, features like staking, yield farming, or copy trading are not available at this time. Users can purchase crypto with fiat, sell it back, or swap tokens directly. It currently does not support futures or leveraged trading, though its roadmap indicates that CFD trading may be introduced in the future. Coinmama offers only spot trading and OTC services. As of now, Coinmama has neither a web-based trading interface nor a mobile application.
This spread markup helps Coinmama offset price fluctuations since cryptocurrencies are not controlled by any central authority, and prices can vary rapidly. This fee locks the crypto rate for an extended period, providing price certainty and speedy processing. The fees range from 0.99% to 3.9% on buy transactions, with the exact rate influenced by your Loyalty Level, which includes tiers. It includes tutorials on buying crypto, account verification, and guides on topics such as Bitcoin liquidity and adoption. The content is designed to support users at all levels, from those new to crypto to more experienced investors who want to deepen their knowledge. Coinmama Academy is a comprehensive educational resource from Coinmama that provides beginner-friendly information on cryptocurrency and blockchain technology.
When comparing Coinmama vs Coinbase, both platforms cater to crypto users but differ in features, pricing, and supported services. Yes, Coinmama is considered a safe and trustworthy cryptocurrency exchange. However, the user also noted that Coinmama charges higher fees than many other exchanges. When you use Coinmama, your crypto goes straight to your wallet, and your fiat is sent to your bank account.
What is the Best Wallet for Coinmama Crypto Purchases?
- This design keeps your account safe from a security breach at the exchange since the funds spend almost no time in a hot wallet.
- The exchange provides 24/7 support through multiple channels, including email and a live chat feature.
- This fee has a minimum cap and applies because instant card payments carry higher processing costs and risks for the platform.
- Users from other states can freely register, verify, and transact on the platform.
This is already embedded into the price you see on the platform. Coinmama includes a 3.9% markup on the market rate when selling crypto. Users can register, purchase, and sell from these countries, with some regional restrictions depending on local laws and supported payment methods. Let’s dive into Coinmama’s pros and cons before exploring its platform further. Coinmama offers a unique crypto-shopping experience with its user-friendly interface, quick transaction process, and non-custodial approach.
Coinmama Review – FAQ
Additionally, Coinmama supports quick buy and sell functions, allowing verified users to sell Bitcoin and Ethereum back to fiat currency and receive payment via bank transfers such as SEPA or SWIFT. Additionally, the platform uses standard security measures such as SSL encryption and two-factor authentication (2FA) and does not hold users’ funds directly, which reduces risk exposure. See how Coinmama differs from some of the best crypto exchanges like Binance, PrimeXBT, Bybit, and OKX. Coinmama is beginner-friendly, with quick account verification, supports higher transaction limits than other platforms, and offers a loyalty program with discounts for bulk buying. Coinmama is an established crypto exchange broker founded in 2013 and based in Ireland.
- Moreover, eToro also supports multiple e-wallets such as PayPal, Skrill, and Neteller.
- Coinmama operates on a non-custodial model, meaning users retain full control over their cryptocurrency assets rather than the platform holding them.
- The exact fee depends on your loyalty level – users who trade more frequently can receive lower fees.
- For users interested in more interactive or advanced learning experiences, exploring the best Coinmama alternatives may offer expanded educational and trading tools.
However, it claims that CFD trading will be available soon on the platform. While the exchange supports 44 fiat currencies for purchasing crypto, only GBP, EUR, and USD are accepted for withdrawals. A loyalty program offers up to 25% fee discounts for high-volume users. For instance, a $1000 crypto purchase using PayPal incurred a 14.69% fee, while SEPA transfers carried a lower 10.05% fee.
Coinmama Comparison with Other Exchanges
You receive an e‑mail with the transaction ID, and the coins appear in your wallet after the first network confirmation, roughly ten minutes for Bitcoin or two minutes for Litecoin.Ideal Users for Coinmama Once the payment gateway returns a green checkmark, Coinmama broadcasts the on‑chain transaction. Enter your card number or bank account details, finish the two‑factor code, and press Pay Now. Review the order summary that lists the Coinmama spread, card processor surcharge, and blockchain network fee in one view. Return to the dashboard, click Buy, and view live prices for Bitcoin, Ethereum, Litecoin, and seven other digital assets supported on the Coinmama platform.
Coinmama Review Reddit – See What Users Have to Say
For example, if you have a budget of $2000 simply divide it by 1.05, and therefore the amount you can spend when selecting how much crypto to purchase would be $1,904.76. This charge is supplemented to your total order depending on the type of card payment you use. The prices posted on the site are based on the TradeBlock XBX index plus a standard deviation of 2% as well as the provider’s commission fee of anything up to 3.90%. Fees charged on buy orders are based on your Coinmama loyalty level and the method of payment.
Mobile trading and demo accounts
The Academy aims to help users understand the basics and get comfortable with crypto investing and trading. When a user buys crypto on Coinmama, the purchased coins are sent directly to the user’s personal crypto wallet rather than being stored on the exchange. Once a user completes their payment and Coinmama confirms both the payment and the wallet address, the purchased crypto is sent directly to the user’s external wallet within one hour. Coinmama is accessible in over 188 countries worldwide, making it one of the most globally available cryptocurrency exchanges. It operates transparently, without offering custodial wallets, requiring users to maintain their own secure crypto wallets.
Coinmama may also pass on network or miner fees when sending crypto to your personal wallet. The platform supports multiple payment methods, such as credit cards, debit cards, bank transfers, and digital wallets, and offers a real-time crypto calculator for quick estimates. Coinmama is a user-friendly cryptocurrency exchange platform founded in 2013 by Nimrod Gruber and Ilan Schuster. This Coinmama exchange review will explore what makes Coinmama stand out from other cryptocurrency platforms. It allows quick, direct purchases of major cryptocurrencies with instant delivery to your own wallet, supporting various payment methods including credit cards, bank transfers, and digital wallets.
All card data stays with certified payment processors rather than the Coinmama website which reduces the risk of data leakage. Payment methods include credit debit card, Google Pay, Apple Pay, bank account transfers through SEPA or SWIFT, and wire transfers for higher amounts. Price quotes refresh every thirty seconds so you always see the current market rate during the payment process. Coins move straight to the wallet address you enter during checkout, and the firm never holds your private keys.
Hands On Walkthrough for Your First Coinmama Purchase
It is also great for individuals who value fast crypto delivery and investors who want to buy a limited selection of top cryptocurrencies, rather than active or advanced traders. Hardware wallets like Ledger and Trezor provide the highest security, especially for larger amounts, while software wallets suit users who need easy access. The best wallet for Coinmama crypto purchases depends on your preference for security and convenience. Meanwhile, SEPA bank transfers have no additional fees, but SWIFT transfers may incur a fee, depending on the transaction amount. Credit/debit card purchases incur an additional payment processing fee, around 3.90% to 5%.
