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By: Ofir Beigel |Last updated: 11/12/19 Coinmama is a leading cryptocurrency brokerage company that permits you to purchase numerous kinds of cryptocurrencies with your charge card. In this evaluation I’ll cover the company, its services and also compare it to other leading brokers. Coinmama’s brokerage service permits you to buy Bitcoin and other cryptocurrencies quickly with your credit card or a SEPA transfer.

For beginners, this is an exceptional choice for buying your very first Bitcoin. Advanced users can use alternative trading platforms to minimize transaction charges. For a detailed evaluation about Coinmama keep reading this post. Here’s what I’ll cover: Who is Coinmama? Coinmama Services Currencies and Payment techniques Charges Buying limits Supported countries Coinmama assistance and user reviews Coinamama vs.

Today the business is signed up in Slovakia while still owned and headquartered by New Bit Ventures in Israel. Bitcoin and other cryptocurrencies. This indicates that the company offers you the coins directly rather than a trading platform where you buy the coins from other individuals. The pros of a brokerage service are mainly that the procedure is basic and fast considering that you do not require to try to find a purchaser by yourself.

In Coinmama’s case, the company has made continuous efforts to lower their costs as much as possible. At the end of this post you can see how Coinmama compares to other exchanges. At the minute Coinmama supports buying just of the following coins: Bitcoin (BTC) Ethereum (ETH) Ripple (XRP) Litecoin (LTC) Bitcoin Cash (BCH) Cardano (ADA) Qtum (QTUM) Ethereum Traditional (ETC) Coinmama accepts credit or debit cards that is provided by Visa or Mastercard.

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Rates are denominated in EUR or USD. The rates you see on Coinmama’s website already include the company’s brokerage service cost of 5.9%. The base rate is determined from Trade Block’s XBX index . On top of the specified price, you will need to add a 5% credit card processing charge.

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The minimum amount of Bitcoins you can purchase is $60 or the equivalent in EUR. The daily buying limit is set to 5000 USD/ EUR and the regular monthly limit to 20,000 USD/ EUR. Daily restricts last 24 hours from the moment the order is placed. Month-to-month limitations is a moving sum of the last thirty days.

There are 3 levels of confirmation, however, according to Coinmama’s paperwork , they do not affect the buying limitations. Level 1– Needs 1 legitimate government provided ID, a selfie of yourself holding that ID and a note with “Coinmama” and today’s date composed on it. Level 2– You require to submit a secondary ID.

Level 3– Needs filling a short kind. Coinmama offers its services worldwide with the exception of sanctioned countries and several US states. Afghanistan, Aland Islands, Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, The Bahamas, Bahrain, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bonaire, Sint Eustatius and Saba, Bosnia and Herzegovina, Botswana, Brazil, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, Colombia, Comoros, Congo, Congo, the Democratic Republic of the, Cook Islands, Costa Rica, Cote D’Ivoire, Croatia, Curacao, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Haiti, Holy See (Vatican City State), Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iraq, Ireland, Isle of Guy, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Korea, Republic of, Kuwait, Lao People’s Democratic Republic, Latvia, Lesotho, Liberia, Libyan Arab Jamahiriya, Liechtenstein, Lithuania, Luxembourg, Macao, Macedonia, the Former Yugoslav Republic of, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mexico, Micronesia, Federated States of, Moldova, Republic of, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Myanmar, Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand, Nicaragua, Niger, Niue, Norfolk Island, Norway, Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Qatar, Reunion, Romania, Russian Federation, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Sint Maarten, Slovakia, Slovenia, Solomon Islands, South Africa, Spain, Sri Lanka, Suriname, Svalbard and Jan Mayen, Swaziland, Sweden, Switzerland, Taiwan, Province of China, Tajikistan, Tanzania, United Republic of, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, UK, United States *, Uruguay, Uzbekistan, Vanatu, Venezuela, Viet Nam, Virgin Islands, British, Wallis and Futuna, Western Sahara, Yemen, Zambia.

aid center and also a devoted assistance channel by means of email. Support demands are normally responded to within 24 hr. I likewise had a look at various client evaluates users published online. Having evaluated over 20 exchanges by now, I understand that when individuals leave reviews online it’s generally negative evaluations since they are pissed off about something.

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The bulk of Coinmama’s unfavorable evaluations complained about something– the identity confirmation process. Users declare that Coinmama demands a lots of information and in some cases rejects applications without providing proper description why. From my own experience I can state that verification with Coinmama was fairly simple, and yes, they need a lot of info.

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On the bright side, Coinmama receives a rating of “Great” from Trust Pilot. A lot of positive reviews applaud the customer assistance of the site. In the past, Coinmama support representatives utilized to respond to mad commentators on the comment section of this page. It saddens me to see they have recently stopped doing so.