Coinmama Review Buy and Sell Bitcoin and Cryptocurrencies 2024
It's easy to register an account with Coinmama by entering your email, password and other details required (see below image), and clicking ‘Create Account’. Each section opens to more in-depth details on each subject, so you might be able to get an immediate answer. 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. Coinmama is available in 200 countries and has over 3 million users. Only a few countries and several territories are restricted, such as Hawaii and New York. In some states, it offers service by a third-party partner, and in two states, Hawaii and New York, it's not available at all.
There needs to be better customer communication in terms of a human online chat or a way to call on the phone. Then you will go through the verification process, uploading an identifying document and a selfie. According to Coinmama, the verification process takes about 30 minutes. Once you finish the process, you can use your credit or debit card, or your bank account, to begin purchasing coins. The basic transaction fee for bitcoin is based on the TradeBlock Bitcoin Price Index (XBX), which offers an average market rate based on known market providers.
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It has a simple interface and offers quick account verification. Coinmama also has a minimum order requirement of $3000, which may be higher than some other exchanges. Coinmama offers discounts on commissions through its loyalty program. The first is the default level, and the next two have spending requirements.
If you need general help with buying, selling or learning about crypto, you can also check out the Help Center. It’s a comprehensive database of explainers and resources to help you learn more about how Coinmama’s exchange works as well as how cryptocurrency works more broadly. It’s a great resource for anyone who’s new to the world of crypto. Coinmama Review Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current. Our information is based on independent research and may differ from what you see from a financial institution or service provider. When comparing offers or services, verify relevant information with the institution or provider's site.
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While it is possible to sell on Coinmama the platform is not designed for sales outside of Europe. It's only possible to receive a payout via a SEPA bank transfer which means Americans, Canadians and Australians cannot sell on the platform. A better choice for investors who want to sell Bitcoin or any other crypto is Coinbase. The first thing that any Coinmama review should cover is who can actually use the platform. Like almost every other cryptocurrency exchange, there are regulations about who can access the platform.
Coinmama accepts any secure payment method, such as credit and debit cards issued by Visa or Mastercard. Besides the use of credit cards, Coinmama also lets traders and investors buy Bitcoin with a SEPA bank account transfer. The disadvantage of a bank transfer however is that if you use it to buy Bitcoin the purchase price is not locked in until the transfer completes. That means that if it takes a day or two for the transfer to clear then the price of Bitcoin may have changed by then.
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Whether you choose Coinbase or Coinmama will depend on your needs and expectations. If you don't want to trade cryptos but https://www.tokenexus.com/ want to buy and sell coins, Coinmama has you covered. Depending on your loyalty level, they range from 0.99% to 3.90%.
Users can also use the Facebook page of Coinmama to submit the query via Facebook messenger. The other social media platforms of Coinmama are Twitter, LinkedIn, and Instagram. Go to your mail inbox, and open the Coinmama verification email.
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If you have any problems you can email Coinmama and wait for a response. You can find out more about Coinmama's customer service on this page. While Coinmama has never actually been affected by a hack that led to a loss of cryptocurrency, they have been hacked.
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. If you cannot find a cryptocurrency that you're looking for, you should check out Kucoin that has more options to choose from. As for Coinmama verification time, accounts are normally verified within a couple of hours, so you will just need to wait until you receive an email. However, once this is done, you can buy up to $15,000 in coins without needing to provide any more information.
