Coinmama is a cryptocurrency exchange that was founded in 2013. It is headquartered in Israel and has offices in the United States, Europe, and Asia. Coinmama allows users to buy, sell, and store a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
Coinmama is a popular choice for cryptocurrency investors because it offers a user-friendly interface, competitive fees, and a wide range of payment options. The exchange also has a strong security record, with no major hacks or security breaches to date.
In addition to its cryptocurrency exchange services, Coinmama also offers a variety of other products and services, including:
- Coinmama Earn: This is a program that allows users to earn interest on their cryptocurrency holdings.
- Coinmama Card: This is a prepaid debit card that can be used to spend cryptocurrency anywhere that accepts Mastercard.
- Coinmama Vault: This is a secure storage solution for cryptocurrency.
Coinmama is a reputable and reliable cryptocurrency exchange that offers a variety of features and services. If you are looking to buy, sell, or store cryptocurrency, Coinmama is a good option to consider.
Here are some of the pros and cons of Coinmama:
Pros:
- User-friendly interface
- Competitive fees
- Wide range of payment options
- Strong security record
- Variety of products and services
Cons:
- High minimum purchase limits
- No customer support phone number
- Some users have reported delays in processing orders
Overall, Coinmama is a good option for cryptocurrency investors who are looking for a user-friendly exchange with competitive fees and a wide range of payment options. However, users should be aware of the high minimum purchase limits and the lack of a customer support phone number.
Coinmama would probably suit this list because it allows users to trade with much more available payment methods than most other apps on this list. You can buy crypto using bank, VISA, SEPA, MasterCard, Apple Pay, Google Pay, and Skrill. While some methods, like bank transfers, take up to 3 days, credit and debit cards are instant to buy crypto with.
For those willing to convert crypto to cash, you would have to first convert other coins to Bitcoins and then use the exchange to withdraw via bank. Otherwise, only Bitcoin is supported for selling to fiat via bank accounts. Another drawback with Coinmama is that it is not available on Android or iOS operating systems. Those wishing to use it on mobile devices can only use the website.
Features:
- Buy up to $5,000 in daily limits when using credit cards. The limit is $15,000 when buying via a bank account.
- Both allow 5 and 10 trades per day respectively.
- Instant crypto purchases. No crypto to crypto transfers.
Trading fees: 0% for SEPA, 0% SWIFT for orders above $1000 (otherwise 20 GBP), 0% for Faster Payments in UK only, and $4.99% credit/debit card.