ABOUT: Coinmama was established in 2013 in Israel and has since grown to serve over 1m customers in over 180 countries with over 30 employees. Today the company is registered in Slovakia while still owned and headquartered by New Bit Ventures in Israel. They specialize in selling bitcoins for credit card to nearly anyone in the world. It is a leading cryptocurrency brokerage company that allows you to buy several types of cryptocurrencies with your credit card. It accepts credit or debit cards that is issued by Visa or Mastercard. The company has recently started accepting SEPA payments as well, with 0% processing fees. One of the most attractive features of this crypto exchange that differentiates it from other exchanges is its worldwide operations. The exchange is operating in almost all the 200+ countries of the world including 24 American States.
PLATFORM: Coinmama does not offer a trading platform. Instead, what they offer is a simple interface where clients can choose a predetermined cryptocurrency amount and carry out other basic functions such as calculating prices. The very first and the foremost advantage of using Coinmama is that unlike many other exchanges, it offers the users to buy cryptocurrency in exchange of fiat money. Another very attractive feature of Coinmama crypto exchange is that it has easy and user-friendly interface. Even the beginners can easily purchase and trade cryptocurrencies through its platform. Coinmama’s buying process is also very simple and easy. The users can buy cryptocurrency of their choice after registering and verifying their account. the website should always be regulated by governmental bodies to save your funds. Coinmama is registered with FINCEN in US which shows that there is no danger of its being hacked by the hackers and if it happens the investigation process of the exchange follows the US laws. Coinmama has never been hacked; because it always keeps your credit/debit card numbers on a different server.
FREE DEMO ACCOUNT: Coinmama doesn’t have free demo account but registration is very smooth and easy. And safe.
WITHDRAWAL: Everyone who wish to purchase Bitcoin or Ethereum via Coinmama can do so through the following methods:
Credit/debit cards: You can make payments on Coinmama using MasterCard or VISA cards. VISA/MasterCard Payments are supported by the company’s Simplex payment processor.
Cash: You can buy cryptocurrency from Coinmama via Western Union transfer.
The order is processed within a few seconds. Once the payment is approved, and you have confirmed your wallet, they usually send the coins within 10 minutes. You’ll be able to see them as soon as the Blockchain has confirmed the transaction. This may take another 10 minutes.
You cannot link your bank account to the Coinmama exchange platform.
CUSTOMER SUPPORT: Coinmama is a preferred website of many users because the exchange offers help and support for the users in case of any problem. As the exchange operates only through website, support is offered to the users through this platform. The live chat is available. Coinmama’s “Happiness Heros” or customer support team, is often lauded for being extremely helpful and easy to reach. Their team is active 24/7 and is open to help out with anything you may need. Support requests are usually answered within 24 hours.
They said about Coinmama
* Great and friendly support. They solved my problem in a short time interval. I’m happy to work with coinmama.
* Very happy with their service. Unfortunately they couldn’t receive funds from my cc, but a bank transfer went through fast and I have zero complaints!
* Was a bit weary at first after reading some reviews but this site is actually pretty good. Verification was quick and painless took about 12 hrs. Have had 2 successful purchases so far. The first one was completed in half hour and the second took longer a couple hours. So far very pleased good alternative to coinbase.