Your coins are kept in an external wallet, not in your Coinmama account, so the need for mobile monitoring features isn’t that high here. Still, crypto traders looking for the convenience of a dedicated mobile app might prefer another crypto app. The site is fully mobile-friendly and easy-to-use, so buying and selling will be just as easy on a phone or tablet. Stay up to date with our latest exchange reviews, promotions, how-to guides and educational articles on Bitcoin, cryptocurrency & more. Investors that prefer to remain anonymous will need to choose a non-KYC crypto exchange to buy crypto. Although, limits and restrictions on account features can apply.
- They are in your crypto wallet, which you can probably download to your mobile.
- The exchange holds no assets on the platform, making it unappealing to hackers.Traders can buy 16 cryptocurrencies but can only sell Bitcoin through Coinmama.
- Credit/debit cards, Apple Pay, Google Pay, and using a prepaid card to buy Bitcoin incur a 4.99% ‘express fee’ for fixed-rate instant purchases.
- For crypto enthusiasts looking for a more advanced trading platform and a wider variety of cryptocurrencies, Kraken could be a good choice.
- Because of this validation procedure, customers are unable to purchase cryptocurrency for, or on behalf of, others.
- True to Coinmama’s slogan, using their site is certainly one of the easiest ways to buy digital currency.
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Investing in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs) is highly risky and speculative, and the markets can be extremely volatile. Consult with a qualified professional before making any financial decisions. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies, Coinmama Review nor can the accuracy or timeliness of the information be guaranteed. The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.
Coinmama Review: Overview
For those who want an easy way to buy coins, Coinmama could be a quick solution because of the simple transaction process. Rather than being an exchange that allows you to trade and sell cryptocurrencies as well as buy, Coinmama only allows you to purchase cryptos using fiat currency. Additionally, the only crypto you can sell to Coinmama is bitcoin. Now all you need to do is repeat the previous steps to complete your purchase.
Supported Cryptocurrencies
In fact, the moment you place your order, you get your coins instantly without any cash deposit requirement. We’re proud of our content and guidance, and the information we provide is objective, independent, and free. I was having issues with my login details, I wasn’t able to access my account but Mr Carl one of the customer service representatives stepped and helped me rectify this issue immediately. Coinmama.com is my first experience with crypto exchange. Conor from the support centre was very fast and friendly with answering all my questions.
Supported Cryptocurrencies:
- Conor was super fast in responding, very polite and gave me excellent service and response to the question that I needed answered.
- Coinmama lets you buy over a dozen cryptocurrencies, which is much less than quite a few other exchanges.
- Some people have complained about the verification process taking a few tries before it finally works.
- CoinCentral’s owners, writers, and/or guest post authors may or may not have a vested interest in any of the above projects and businesses.
- Note that you’ll need to already have a digital wallet that you use since Coinmama is not a wallet provider and doesn’t hold coins for you.
Had my problems but because of bank…
