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Coinmama doesn’t allow for crypto-to-crypto transactions. So, investors that want to purchase cryptocurrency will have to convert their digital coins to fiat. After which, they can use the fiat currency to purchase the new cryptocurrency.Accounts
The minimum trade on the Coinmama platform is $30 for purchases and $100 for sales. The Coinmama platform has 3 tiers of users: curious, enthusiast, and believer. Individuals in the curious tier are those who have conducted transactions under $5,000 within 90 days. Enthusiast is for those that have conducted transactions over $5,000 within 90 days. Believers are individuals that have conducted transactions over $18,000 within 90 days.Fees
Transaction fees for curious, enthusiast, and believer are 3.9%, 3.41%, and 2.93%. The Coinmama support channels include a chatbot and a contact form on their website.
Coinmama is a financial service that provides a quick and secure way to buy digital currency worldwide. Since 2013, millions across 188 countries have trusted them to buy and sell cryptocurrency. With values such as customer-centric, growth and ownership, their goal is to reduce the need for intermediaries, hidden fees and fine print.
There are lots of reasons why you should use Coinmama. Some examples include:
Coinmama's fees range from 0.99% - 3.90% depending on order size, loyalty level and market conditions. They also include a spread that offsets the volatility in a currency not managed by a central bank that does not have a market rate. There is also an additional "express fee" deducted from specific payment methods such as credit/debit card payments, Google Pay, Apple Pay, Skrill and NETELLER.
You can create an account through their website, which can be confirmed and verified through your email. The verifying process includes uploading your passport, national ID and other important documents so you can qualify for up to 15,00 USD with your credit/debit card. After that, you can log in, enter the desired wallet address, fill in the form and buy digital currency instantly.
Coin Mama is one of the safest ways to buy digital currencies as they never hold customer funds or keep your payment information. You can easily take full control over your coins by using your preferred third-party wallet. Additionally, they have security measures in place to keep your digital currencies safe and secure.