Is Coinmama Safe?

Coinmama is the leading cryptocurrency exchange platform to sell & buy crypto with credit card, debit card or bank transfer.

Who Is Coinmama?

Coinmama was established in 2013 in Israel and has since grown to serve over 2m customers in over 188 nations with over 30 workers.

Tell me about Coinmama Services.

Coinmama provides a brokerage service for Bitcoin and other cryptocurrencies.

This implies that the company offers you the coins directly instead of a trading platform where you buy the coins from other people.

What are the Fees?

The prices you see on Coinmama’s website already include the company’s brokerage service charge of 5.9%.

Do they have Buying Limits?

The minimum amount of Bitcoins you can buy is 60 USD or the equivalent in EUR/GBP/AUD/ CAD.

The purchasing limits depend on your account level.

The everyday buying limit is set to 5000 USD and the regular monthly limit to 15,000 USD for Level 1.

What Countries are supported?

Coinmama offers its services worldwide with the exception of sanctioned nations and a number of US states.

Consumer Support and User Reviews.

Coinmama has a total aid center and likewise a dedicated assistance channel via email. Assistance demands are generally responded to within 24 hours.

From my own experience I can state that verification with Coinmama was relatively easy, and yes, they need a great deal of information.

This is simply standard Know Your Customer (KYC) and Anti Money Laundering (AML) policies most legitimate exchanges should adhere to.

On the bright side, Coinmama gets a score of “Great” from TrustPilot.

Many favorable evaluations applaud the consumer support of the site.

As quickly as your payment clears, Coinmama sends you your coins.

This is essential considering that often a day or two can indicate broad price changes in price and you end up buying coins for a various quantity than you originally meant.

It is also worth mentioning that Coinmama “locks” the Bitcoin price for you as soon as you submit your order.

Conclusion– Is Coinmama Legit and Safe?

The brief answer is yes. Coinmama is a reliable company and their support is pretty good.

Their only downside, in my opinion, is the high costs.

Regrettably, this can’t be prevented when utilizing a charge card, however, considering the prompt service it’s often worth the cost.

Sign up with the countless users worldwide at COINMAMA.

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