Coinmama

4 user reviews

Coinmama is a subsidiary of New Bit Ventures Ltd, a regulated entity registered as a Money Service Business with FinCEN. The company is based in Ra’anana, Israel, and was co-founded in April 2013 by CEO Asaph Shulman and Operations manager Nimrod Gruber. Coinmama’s stated objective is to make the purchase of digital currency anywhere in the world fast, fun and safe. The company brands its services as the fastest, easiest and safest way to buy Bitcoin or Ethereum. Coinmama offers a digital currency brokerage service that supports over 182 countries. By using any MasterCard or Visa credit or debit card, customers can purchase Bitcoin or Ethereum in their local currency. As the digital currency is kept in Coinmama’s personal inventory, delivery to the customer’s nominated digital wallet takes place as soon as payment is received. A 5.5% brokerage fee is included in the BTC and ETH rates quoted. A 5% card processing fee is also payable on all transactions. Bitcoin and Ethereum purchases are limited to a maximum of USD $10,000 per customer. Coinmama does not have access to customers’ card details, and customers’ personal information is encrypted and stored on secured, dedicated servers. In order to prevent money laundering, new customers need to upload a valid government-issued identification document and a selfie. Verification documents are processed by a dedicated team that works 24/7. Help is available via email. The company’s website features a blog and FAQ, and there is an online help centre and messaging system powered by Zendesk.

Show more

4 user reviews

“Still waiting to get verified...”
Reviewed

I almost forgot that I had been waiting to get verified with Coinmama for over 2 months!

I've been using another platform for coin trading in the meantime and I don't even care if I get verified here.

Not a good business policy, I doubt anyone would wait this long to open an account with them when there are numerous other platforms Show more

Was this review helpful?

This review is the subjective opinion of a Host Advisor member and not of Host Advisor Pty Ltd.

“Great experience so far”
Reviewed

I had trouble getting an account with Coinmama at first, but their support was very helpful. I got setup quick and was verified not long after. Trading is going great, coins are coming into my wallet quick after I purchase them, so far it's a great service, I doubt I'll go back to the other ones.

Was this review helpful?

This review is the subjective opinion of a Host Advisor member and not of Host Advisor Pty Ltd.

“Got verified faster compared to other exchanges”
Reviewed

I joined a few crypto currency exchanges and Coinmama were the first to complete my verification. It took a few days, still waiting on most of the others.

I made 2 purchases so far, everything's working fine, but the fees are a bit bigger than I thought they'd be. I'll compare them to other websites too, when I get verified on Show more

Was this review helpful?

This review is the subjective opinion of a Host Advisor member and not of Host Advisor Pty Ltd.

“Higher fees”
Reviewed

The verification process was a bit long (about a month) but once everything finished, it worked great. I only noticed they have a bit higher fees than other crypto trading services.

Was this review helpful?

This review is the subjective opinion of a Host Advisor member and not of Host Advisor Pty Ltd.

Coinmama features

  • Bitcoin
  • Ethereum
  • Buy

Official description provided by Coinmama

We’re Coinmama, a financial service that makes it fast, safe and fun to buy digital currency, anywhere in the world. We believe that the future of money is one where we, the people, are in control of our own economy. A future where there’s no place for middle-men, hidden fees and fine print.

To deliver on that promise, we have come to work every day since 2013 to create the simplest financial service out there - spoken in a language you can understand, and backed by customer service you can count on.

Other hosts you may like

Don’t miss out.

Sign up for sale alerts now.

Our partners regularly send us exclusive offers and flash sales. We will notify you the moment we receive them!