Pros
Cons
Quick Summary
Headquarters Location | Ramat Gan, Tel Aviv, Israel |
---|---|
Fiat Currencies Supported | USD, AUD, GBP, CAD, EUR, NZD + 180 others (some through third party apps) |
Total Supported Cryptocurrencies | 86+ |
Trading Fees | 0.99% - 3.90% |
Deposit Methods | Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Apple Pay, Google Pay, Skrill, Neteller, Giropay, Astropay, Khipu, WebPay, PSE, SPEI |
Support | Twitter, Help Center Articles, Support Ticket |
Mobile App | Yes - Android |
Coinmama has long been one of the leading cryptocurrency exchanges, helping countless investors enter the digital currency world. Here we introduce Coinmama before diving deeper into their features and services as part of our comprehensive Coinmama Review.
As digitalization expands, exchanges such as Coinmama become ever-more pivotal in connecting fiat currencies to the vast and emerging world of cryptocurrency. Coinmama remains committed to meeting its users’ evolving needs by improving its platform constantly.
Coinmama continually adapts to provide an efficient service that aligns with market developments, adapting technology and regulations at lightning speed.
About Coinmama
Coinmama was established with the aim of simplifying crypto buying for buyers worldwide. Since 2013, its services have grown exponentially to encompass multiple countries worldwide.
As a platform, it has built an excellent reputation for offering quick and straightforward cryptocurrency purchases.
Since its conception, Coinmama has witnessed shifting crypto market trends and groundbreaking technological innovations that have had an effect on its trajectory, forcing it to adapt its services and expand accordingly to accommodate an ever-increasing user base.
Coinmama’s strategy and product development has been heavily shaped by historical milestones, including Bitcoin halving events and Ethereum’s rise as a major asset. Coinmama’s exponential growth reflects widespread adoption of cryptocurrencies both as investments and methods of decentralised finance.
Coinmama has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn and Telegram.
Coinmama has a mobile app on Google Play.
Coinmama Supported Cryptocurrencies
Coinmama supports trading on over 86 cryptocurrencies on their platform. This exchange currently supports 20 of the top 30 market cap cryptocurrencies.
View all cryptocurrencies Coinmama supports
- 1INCH
- AAVE
- ACH
- ADA
- AGIX
- AMP
- ANKR
- APE
- AUDIO
- AVAX
- AXS
- BAT
- BCH
- BICO
- BNB
- BNX
- BTC
- CAKE
- CELO
- CELR
- CHZ
- COMP
- CRV
- CVX
- DAI
- DOGE
- DOT
- DYDX
- ENJ
- ENS
- ETH
- FET
- FLUX
- FTM
- FXS
- GLM
- GNO
- GTC
- HOT
- ILV
- IMX
- JASMY
- KNC
- LDO
- LINK
- LPT
- LTC
- MASK
- MATIC
- MC
- MKR
- NEXO
- NMR
- OCEAN
- OMG
- ONT
- PERP
- PLA
- PUNDIX
- QNT
- RNDR
- RPL
- SAND
- SHIB
- SKL
- SOL
- SSV
- STG
- STORJ
- SUSHI
- SXP
- SYN
- TRX
- TT
- TWT
- UNI
- USDC
- USDT
- WBTC
- WOO
- XEC
- XLM
- XRP
- XTZ
- YFI
- ZIL
Trading Experience
Coinmama stands out as an intuitive trading experience thanks to its user-friendly platform that guides users from selecting coins to completing purchases seamlessly. This platform appeals to both novice traders and experienced traders looking for an effortless transaction experience.
Coinmama provides an optimal trading experience by carefully calibrating features to suit both novice and seasoned traders alike. Their user-friendly interface simplifies purchasing cryptocurrency products easily.
Focus is not solely placed on making purchasing easier but also on providing educational steps to assist users through the complex nature of cryptocurrency trading. This balanced approach optimizes user experience while meeting the needs of a wide array of trading communities.
Coinmama Fees
Coinmama’s fee structure was created to be transparent, outlining costs associated with buying cryptocurrency clearly on their platform. While specific numbers will not be discussed here, fees are calculated depending on several factors including transaction volume and payment method chosen.
Coinmama understands the transaction fee is a critical element of any crypto exchange, and has designed its fees in accordance with industry standards to maintain transparency. Users will always know up-front what costs they owe for every trade – helping foster trust and transparency during each exchange transaction.
Coinmama prioritizes customer experience first and foremost, evident by their wide array of payment options that accommodate different user preferences.
Type | Fee |
---|---|
Deposit Fee (Bank Transfer) | 0% |
Deposit Fee (Credit/Debit Card) | 4.50% - 6.50% |
Trading Fee | 0.99% - 3.90% |
Withdrawal Fee (Bank Transfer) | 0.10% - 0.90% |
Security - Is Coinmama Safe?
Coinmama takes security seriously, employing stringent measures such as two-factor authentication and regulatory standards compliance in order to safeguard customers’ personal details, wallet addresses and payment information while upholding Coinmama’s integrity in the cryptocurrency market.
Coinmama takes its commitment to security seriously, employing stringent measures like two-factor authentication and adhering to standards set forth by Money Services Business.
Coinmama takes great care to safeguard users’ personal details, wallet addresses and payment information against unauthorised access. Their comprehensive security strategy protects user assets while upholding Coinmama’s reputation as an efficient platform for conducting digital asset transactions.
Coinmama Customer Support
Customer service is at the core of Coinmama’s offerings, with a dedicated support channel to address user inquiries. Their support team works tirelessly to provide timely and effective assistance, often receiving positive reviews from their community of users.
Coinmama recognizes the value of providing dedicated customer support as part of an excellent user experience. Our dedicated customer service team is on-hand during business hours to assist users, while they remain available beyond.
Coinmama prides themselves on offering customer support that goes beyond reactive assistance; their proactive support services aim to educate users and combat fraudulent activity. Coinmama stands by their customers with exceptional levels of care delivered.
Coinmama Support Channels
How to Sign Up on Coinmama
- Create Account - Visit the Coinmama website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
- Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
- Transferring Funds - Once your account has been verified, you can deposit using the deposit methods listed below, including some options through third party apps.
- Start Trading Crypto - That's it! You should now have everything in place to start trading.
Deposit Methods
Coinmama Alternatives
Binance
Total Supported Cryptocurrencies
386+
Trading Fees
0.10%
Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others
Kraken
Total Supported Cryptocurrencies
233+
Trading Fees
0.06% - 0.16%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other
OKX
Total Supported Cryptocurrencies
332+
Trading Fees
0.06% - 0.10%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others
Final Thoughts
Coinmama stands out as an intuitive and trustworthy platform that is suitable for newcomers to the crypto space, providing easy and swift service for purchasing cryptocurrency. They have made strides toward ease-of-use and speed of service improvements aimed at making their experience easy and smooth for these novice users.
To compare Coinmama against other cryptocurrency exchanges, view our article comparing Coinmama vs. Coinbase.
Coinmama FAQs
Yes, Coinmama operates in Australia and allows Australian users to buy cryptocurrencies using their platform.
Coinmama does not hold cryptocurrencies for users; it simply facilitates the purchase of cryptocurrencies. You would need to have your own cryptocurrency wallet to receive the coins you buy on Coinmama.
To “withdraw” your money, you would sell your cryptocurrency on a different platform that allows you to sell and withdraw fiat currency to your bank account.
To buy bitcoins from Coinmama in Australia, you need to create an account on Coinmama, complete the necessary KYC (Know Your Customer) verification, enter the amount of Bitcoin you want to purchase, provide your wallet address, and pay with your preferred payment method.
Coinmama charges a fee which can vary depending on the market rate and the chosen payment method. Their fee is generally included in the quoted price of the cryptocurrency.
Coinmama typically accepts various payment methods including credit card, debit card, and bank transfers. The availability of specific payment methods may differ by country.
The verification process on Coinmama can vary in time. Generally, it can take from a few minutes to several hours.
However, during times of high demand, the verification process may take longer.
The time it takes to buy Bitcoin on Coinmama depends on the payment method and the speed of the network. Credit and debit card transactions are generally processed quickly, while bank transfers may take longer to complete.
Coinmama User Reviews
0.0 out of 5.0
0 reviews
No reviews yet for Coinmama - be the first to review!
Methodology
At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.