You won’t find any complicated graphs or charts here to add to your confusion. Coinmama may have a more higher fee structure than its competitors, but it makes up for it by providing exceptional customer care, which increases the overall value of the transaction. Coinmama’s brokerage services are available in over 188 countries throughout the globe, with the exception of a few nations that have been sanctioned and certain states in the United States. The maximum amount a customer may purchase in a single day is 5,000 USD, and the maximum amount a customer can purchase in a single month is 15,000.

In addition to this, Coinmama also offer credit and debit cards as deposit methods (VISA & Mastercard) and bank transfers (Faster Payments (UK), Fedwire, SEPA, Sofort, and Swift). Coinmama is actually one of the first crypto exchanges in the world to have ApplePay as a payment option. This means that you can purchase crypto from Coinmama via ApplePay. Coinmama requires KYC for most transactions, but certain limited transactions—like using the Swaps tool—can be done without account creation or verification. Full access to features, however, such as purchasing or selling crypto using fiat, mandates ID verification and progressing through user levels. Users can withdraw their crypto to fiat any time they want through an ACH transfer.

I love Coinmama but was disappointed with my last transaction

Coinmama offers an impressive range of deposit options in 44 fiat currencies that vary based on the region served. This stands out even among major platforms like Coinbase, which typically offer only two or three deposit methods per location. As Coinmama’s fee structure is unclear, I wanted to test the fees for each of the above payment methods with $1000. In my testing, I found Coinmama charged slightly more for buying crypto than selling it on all payment methods except SWIFT. Coinmama also offers a live chat feature, allowing users to get real-time support from the customer service team.

• Coinmama’s sell rates are determined by the TradeBlock XBX Index market rate plus 2% and a selling fee between 0.9% and 1.9%.
• This Coinmama review has covered all the key metrics you need to consider when choosing a crypto exchange to suit your trading needs.
• Other crypto exchanges require you to first deposit fiat currency into your account, then buy crypto, and finally transfer the funds to your external wallet.
• Coinmama now enables payments made via Apple Pay and Google Pay thanks to a recent collaboration between the company and each of those payment gateways.

With many trading platforms, each presenting its own complex set of steps and reliability levels, locating an accessible route to acquiring digital assets becomes a challenge in its right. Coinmama emerges as a platform that simplifies this journey significantly. Secondly, Coinmama does not offer crypto wallets, which are apps and devices that let users store and use their cryptocurrencies. So, whenever users buy cryptocurrencies they can store the digital coins in a crypto wallet and thus use it to execute transactions. The Coinmama website would benefit from adding more details, such as transaction fees. However, it is easy for new users to open an account and start buying cryptocurrencies without the hassle of tackling reams of information.

When comparing Coinmama vs Binance for credit card purchases, Coinmama offers a simpler and more direct process, while Binance provides lower fees and a wider selection of cryptocurrencies. Only a very small handful of cryptocurrency exchanges now support trading using fiat cash. While the range of supported fiat currencies coinmama exchange review is lower than other exchanges, Coinmama has ensured that every user is provided with a viable payment method. Coinmama accepts credit and debit cards, bank transfers, Google Pay, Apple Pay, and Skrill.

Coinmama does not store your cryptocurrencies on its system, so there are no withdrawal options. When you pay for crypto purchases, they immediately transfer to your wallet. Coinmama is an established cryptocurrency exchange where users can buy and sell popular cryptos. Unlike many leading crypto platforms, with hundreds of cryptocurrencies listed, Coinmama has a small range of the top coins. To purchase using credit or debit cards, a 5% “momentum” fee is charged by Coinmama. Coinmama offers a range of other products and services beyond crypto buying and selling to broaden their digital asset experience.

• In addition, the non-custodial service offered by Coinmama means users can send their purchases directly to a preferred hardware wallet, perfect for the security-conscious crypto enthusiast.
• If not, click on «Connect» at the top right of the page, and you have two options, send an email form or call Coinmama on the telephone.
• Within a short amount of time, the whole procedure will be finished.
• This Coinmama exchange review will explore what makes Coinmama stand out from other cryptocurrency platforms.
• It is now owned by Wellfield Technologies and operates globally, with its headquarters in Vancouver, Canada.

Coinmama Withdrawal fees

Selling via Coinmama proved to be a highly manual process, requiring users to send the crypto directly to Coinmama. The platform provided an address to copy and a QR code for mobile convenience to facilitate the transaction. Coinmama, founded in 2013, is a Canada-based cryptocurrency exchange and the consumer-focused arm of Wellfield Technologies, which acquired the company on May 27, 2022. Founded by Nimrod Gruber (COO, based in Israel), and Laurence Newman (co-founder and business coach in London), Coinmama now serves over three million customers.

Coinmama Review: Supported Cryptocurrencies

Two-factor authentication (2FA) with Google Authenticator, encrypted transactions, and a policy of not storing customer assets on its computers are some of the most essential security precautions. This non-custodial strategy sends your crypto straight to your wallet, so you don’t have to worry about platform-wide hacks damaging your holdings. In 2025, the platform hasn’t added many new coins, but it makes sure that the ones that are there are well-known and easy to trade. Coinmama makes it easy to buy cryptocurrencies like Bitcoin and Ethereum. You might need to go elsewhere, though, if you want a bigger range. The safety-first approach aligns with the focus on quality over quantity, as it reduces the risk of exposure to assets that are less stable or less regulated.

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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. After all, we would suggest that eToro is the best trading platform to trade cryptocurrencies in 2025. 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. Furthermore, eToro users also benefit from tight spreads that start from just 0.75%.

Selling crypto also involves substantial costs, with fees reaching as high as 14.65% via SWIFT. A loyalty program offers up to 25% fee discounts for high-volume users. Coinmama offers an entire course of tutorials and exams as a means of educating users about digital currency trading as well as some of the digital currencies being offered. Coinmama has a relatively high fee of 5% for using a credit card. A huge advantage of using Coinmama is that you CAN use your credit card, just keep this fee in mind when purchasing cryptocurrency from this exchange. The interface is designed for beginners to easily, quickly, and securely purchase cryptocurrency that resembles Paybis, a similar fiat-to-crypto exchange we have reviewed.

And if you don’t already have cryptocurrency, your options are limited. This roundup primarily discusses a type of crypto exchange known as a centralized exchange. A centralized exchange is a marketplace operated by a business entity that buys, sells and facilitates transactions in cryptocurrency. Yes, Coinmama is a reliable company that comes with robust security and an easy-to-use platform that’s suitable even for beginners. The only issue is that Coinmama offers relatively high fees when purchasing coins with fiat money.

If you’re looking for a platform where you can trade and sell more coins, you should check out Binance. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Moreover, they claim that once a payment is approved, the coins are sent instantly. Coinmama also offers highly professional and friendly customer support. Coinmama is a user-friendly and simple platform for purchasing and selling cryptocurrencies using a variety of payment methods. It is a non-custodial platform that supports 44 fiat currencies for buying cryptos, which is an exceptional number of available options. Making an account is easy and Coinmama’s account verification time is quick, with most users getting verified within a few minutes.

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This may sound intrusive, but it helps prevent fraud and ensures that everyone follows the rules. I had an issue with a payment not showing up and someone got back to me within a couple hours. Coinmama boasts one of the easiest-to-navigate user interfaces that has ever been developed for an exchange service, making it an excellent choice for those who are just starting out.

Unfortunately, while the most cost-effective option, bank transfer payments can take between 1-3 days to complete. Coinmama falls under those who first supported the purchase of Bitcoin with credit and debit cards. Even though Coinmama does not have trading options like margin trading, users find it appealing and prefer it. One of the reasons users prefer it is because they continuously add cryptocurrencies and alternate payment methods.