Coinmama Review: Buy Bitcoin and Ethereum with Credit Card or Cash

coinmama reviewCoinmama is a financial service that offers you a fast, safe and exciting way to buy digital currencies. It is actually one of the earliest bitcoin brokers in the market with operations dating back to 2013. The company is registered as a property of NBV International in the Slovak Republic. The company number is stated as 50677373 on their site https://www.coinmama.com.

It specializes in selling Bitcoin and Ethereum to buyers in any part of the world as long as they have a credit or debit card. Having been in operation for long, it is considered one of the most reputable places to buy digital currency. Coinmama.com platform has well over 500,000 customers and is available in various languages. They include English, German, French, Spanish, Italian and Russian.

Coinmama Review

Our review of coinmama.com focuses on the aspects of availability, fees, reliability, and security.

Availability
Coinmama is one of the easiest ways to buy digital currency. The platform enables many people across the world to purchase reliable digital currency. The various language options available on the site enables users to comprehend their services without any problem.

There are many functions offered although certain countries have restrictions on which functions can be used. It is therefore good to know the rules and laws governing this service in your country of residence. Some of the payment options accepted on Coinmama include credit cards (Visa, MasterCard, Visa Electron, PM), cash (through the Western Union and MoneyGram) and debit cards.

Coinmama mainly focuses on Bitcoin but has also included Ethereum in its list of acceptable digital currency. Bitcoin is the most popular cryptocurrency while Ethereum is preferred by more advanced investors. There is no option for selling back the digital currency to Coinmama. If you need to sell them, you will have to look for a different platform.

Fees
The cryptocurrency market doesn’t fall under the central bank control. This means that each website has its own rate and fees charged on the digital currency transactions. For the case of Coinmama, a 5.5 percent fee is included in its transactions.

The credit or debit card payments may include an additional 5.0 percent fee. Your bank may also charge an additional fee. Certain banks consider bitcoin purchases similar to cash advance and hence may charge you an exorbitant fee. It is important to talk to your bank to know the amount of fee charged before placing an order.

Reliability
Coinmama has been offering a reliable service for close to 5 years. The process of buying digital currency involves opening an account, placing an order, choosing your payment method, and then following the instructions to complete the payment process.

The process of opening an account requires the input of your name, address, and country of residence. Once the account has been opened, you can place your order in multiples or fractions of a single bitcoin. The site allows you buy as little as 0.1 bitcoin. You need to have a digital wallet before making your purchase.

coinmama exchange

You will be required to upload a driver’s license or passport to be able to verify your account. The initial verification process takes about 10 minutes whereas the subsequent verification happens almost instantly. If you need high buying limits on your credit card, Coinmama is the ideal place to be. It allows the purchase of bitcoin of up to $20,000 per month.

Coinmama also has a reliable support team. A live chat option is available during the business hours. They have their presence on social media and cryptocurrency forums and communities. They don’t have a phone support to minimize issues of spam communication. The seriousness of their communication is highlighted by the need to have the user log in with their names and email address.

Security
Coinmama has an enhanced security system that doesn’t have extremities. The use of https provides a clear environment for conducting financial transactions. There is also a 2-factor authentication that allows secure payment. The security certification involves the use of GoDaddy and a scanned badge. Customers who make purchases that are greater than $150 have to upload an identification document. Coinmama as a site is therefore safe to use but its digital currency has some element of risk associated with it.

Conclusion
The popularity of virtual currency continues growing every other minute. Coinmama is a great platform for buying Bitcoin and Ethereum across the world. It gives you the flexibility to send the coins to any wallet of your choice. With this site, there are no deposits required. In order to make purchases, you just require a debit or credit card from MasterCard and Visa. The site has a dedicated team that ensures efficient verification of the users transactions.

Click Here to Visit CoinMama Official Site

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