Coinmama Crypto Exchange September 2025 OTC + Crypto Swap

This can be somewhat of a turnoff for traders interested in selling other altcoins or executing crypto-to-crypto exchanges. You can use any payment method for purchases but cannot use bank transfer, debit or credit card, Google Pay, SEPA Instant or SWIFT for coinmama exchange review selling cryptocurrencies. It is simple to use Coinmama, and purchases are made instantly. There is no fussing around with deposits into an online account, before buying on a market, and then transferring the crypto to your personal wallet.

• As Coinmama is a bare-bones exchange, there are no additional features or complex order book-style interfaces to confuse users.
• Crypto Curious – the initial level, and fees for buying and selling are 3.90%.
• Users can also import a crypto wallet from another app to Coinmama for easy crypto transfers.
• You don’t have to worry about the constant and crazy market volatility that cryptocurrency entails.
• Coinmama also offers high spending limits and verifies accounts quickly.

There is no price chart to view historical or live Bitcoin prices or advanced order types such as limit or stop-limit. Coinmama’s trading fees are 0.1% to 0.9% plus the 2% spread to sell cryptocurrency. Furthermore, an additional spread fee charged at 2% above the market rate is used to offset volatility. To complete the verification process, a user must provide their full name, home address, and a form of photo ID (passport, driver’s license). Additionally, new users must take a selfie while holding their ID and a piece of paper with the current date and ‘Coinmama’ written on it.

Registration and Verification

Any exchange that offers the use of a credit card will charge a fee. I’ve found that Coinmama is pretty competitive with other exchanges that offer the use of credit cards. If you connect a bank account, you will avoid this fee altogether. Coinmama is one of the most established exchanges on the market. It offers a great, beginner-friendly platform that lets users purchase Bitcoin and other staple cryptocurrencies.

For users interested in more interactive or advanced learning experiences, exploring the best Coinmama alternatives may offer expanded educational and trading tools. For certain payment methods, there’s an additional Express fee, where the company locks the rate for an extended period of time. It operates during business hours and connects users with agents who possess in-depth knowledge and expertise. It’s not always available, but it’s quick to respond and beneficial for urgent problems. Some people appreciate how quickly problems are resolved, while others dislike the wait during busy hours. Coinmama offers numerous ways for customers to get help, which can make or break a site.

Is Coinmama Safe?

Coinmama platform has been around since 2013, which makes it one of the oldest cryptocurrency exchanges. It has gained millions of users due to its safety, where users can quickly buy and sell cryptocurrencies. So, no need to wait for hours and days to start buying and selling cryptocurrencies. Consider the possibility of your crypto purchases yielding benefits that go beyond potential financial growth in the market. With Coinmama’s loyalty program, this is a reality, as it provides a structure that offers commission fee discounts and improved customer support response times.

Coinmama Review 2025

Yes, Coinmama can be used in the USA, but it is not available in New York and Hawaii, and some other US states are served by third parties. The states served by third parties are Alabama, Arkansas, Connecticut, Delaware, Georgia, Florida, Iowa, Louisiana, Nevada, New Mexico, Oregon, Rhode Island, South Dakota, Washington, Vermont. If you are live in one of these states, you can find out how third-party transactions work by clicking here. If you are after a crypto exchange that is available in your state, Kraken services 48 states (excludes New York and Washington), and Gemini is available in all 50 states. Coinmama technically doesn’t have deposits, as users don’t deposit to pre-fund the account. Instead, Coinmama accepts payment directly at the time of purchase.

These regulations are why you need to have your account verified before placing any orders on the platform. The first step involves filling in some basic personal information, such as your name and address. Following which you will be asked to upload proof of identity documentation.

The customer support is speedy, and the website offers a comprehensive support section for users. DisclaimerThe information provided on Skrumble is for educational and informational purposes only and should not be considered financial or investment advice. Trading and investing in financial instruments, including but not limited to cryptocurrencies, tokens, CFDs, and other derivatives, carries a high level of risk.

Coinmama Review – Coinmama Verification

Due to the fact that Coinmama does not deal in fiat currency, there is no way to withdraw money directly from the platform. When you sell Bitcoins (BTC) with Coinmama, the transaction will deliver the money to the payment destination that you have specified. After you have completed the process of picking your currencies, you will be able to choose any of the cryptocurrency packages offered on the website of the exchange.

Experienced Traders

Coinmama also has a help page for solving common problems with your Coinmama crypto account. To open an account at Coinmama, the first step to get started is to provide your name, email address, password, and the state you live in. Once you log in, you will be asked to provide your number and verify it.

However, the exchange has since increased its awareness of account security by regularly monitoring any suspicious activity and informing customers of good security practices. To prevent another event like the infamous 2019 exchange hack, Coinmama has pledged not to store customers’ credit card details. However, some personal information is kept on record as part of the ID verification process. Coinmama is a simple-to-use exchange that enables users to purchase 16 cryptocurrencies using various payment methods.

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This fee is then forwarded to crypto miners, the systems processing the transactions. If you are using Coinmama ‘s basic platform, you will not be able to find a schedule before you proceed to place a trade. Coinmama offers a comprehensive 24/7 help center as well as email support. You will find a comprehensive FAQ section on their website as well. In this Coinmama review, we will explore security further in the sections below. Please note that an exchange broker and an exchange marketplace are not the same!

• Each section opens to more in-depth details on each subject, so you might be able to get an immediate answer.
• You might need to go elsewhere, though, if you want a bigger range.
• Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
• Only a few countries and several territories are restricted, such as Hawaii and New York.
• Coinmama has an impressively extensive range (over a hundred and growing) of digital currencies that you can trade, not to mention the most popular ones like Bitcoin, Cardano, Solana, and many more.
• In my opinion, apart from the in-built wallet thing, which is a convenience for many noob guys, Coinmama looks a great alternative to buy cryptocurrencies with much ease and speed.

We encourage constructive feedback

67% of retail investor accounts lose money when trading CFDs with this provider. 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%. A useful tip to help you ensure there are enough funds on your card is by dividing the sum amount you are interested in spending by 1.05.