The exchange’s trading platform hasn’t been launched at the time of writing this article. Coinmama offers buying, selling, or swapping cryptocurrencies with a very simple interface without any charts or order types. Additionally, the platform enables crypto swaps across more than 500 tokens via a separate swaps tool, accessible without account creation or KYC.

Unlike traditional exchanges, Coinmama operates as a non-custodial broker, meaning it does not hold or store users’ cryptocurrency funds or payment details. Coinmama is a cryptocurrency broker exchange that allows users to buy and sell crypto quickly and securely. If you want to buy and sell cryptocurrency with Coinmama then follow these steps to learn how to open an account and start Bitcoin trading and more today. Coinmama’s user-friendly interface and simple transaction flow are perfectly suited for beginner traders with little experience in crypto trading, however, its commission fees are somewhat higher when compared to other crypto exchanges on the market.

Once the address is provided, the user can decide which payment method works for them and complete the transaction. While the platform has found itself in hot water for past security breaches, the Coinmama team has worked hard to improve its security. Hedge with Crypto does not provide financial advice nor does it take into account your personal financial situation. © BestCryptoExchanges.com – an independent crypto portal dedicated to making blockchain knowledge accessible to everyone. No Coinmama operates as a retailer for crypto assets, not a custody service.

• While this does improve the security and safety of crypto exchange it means that you will need to source your cryptocurrency wallet when making any transactions.
• However, while creating our Coinmama review, we noticed that the exchange only supported 16 cryptocurrencies, far less than most other cryptocurrency exchanges.
• While Coinbase has a variable fee structure based on payment method and region, it often turns out to be more cost-effective for smaller transactions.
• However, the user also noted that Coinmama charges higher fees than many other exchanges.
• We completed a mock purchase while creating our Coinmama review and noticed that users must provide a crypto wallet address before initiating a purchase.

Bitget Copy Trading Review 2025: Is It Legit And Profitable?

• It allows quick, direct purchases of major cryptocurrencies with instant delivery to your own wallet, supporting various payment methods including credit cards, bank transfers, and digital wallets.
• The platform is registered with FinCEN and has been operating since 2013.
• You receive an e‑mail with the transaction ID, and the coins appear in your wallet after the first network confirmation, roughly ten minutes for Bitcoin or two minutes for Litecoin.Ideal Users for Coinmama
• Coinmama operates as a crypto broker, allowing users to buy and sell digital currencies directly without interacting with other traders.

Although Coinmama keeps its exact security measures under close wraps, the platform offering two-factor authentication and being non-custodial helps to keep users safe. Although users can view the price of crypto markets, the app only supports storing assets and not purchasing them. Furthermore, the additional spread and express fees reduce the value offered by Coinmama even further.

Response times are very prompt and when it comes to business hours, account verification operates 24 hours a day 7 days a week. Cmama Ltd operates and manages the Coinmama platform which is headquartered in Ireland and is a subsidiary of New Bit Ventures Ltd. Coinmama also accepts payments via Mastercard and Visa, however, Discover, American Express, and PayPal are not accepted payment methods. Traders choose the quantity they wish to purchase with a range of payment options including Apple Pay which is very convenient and popular nowadays. The simplistic nature of purchasing and selling directly from the provider reinforces its simple and user-friendly layout and design.

Does Coinmama offer a mobile app or trading platform?

For quick answers or guidance, users can also check out the extensive knowledge base at the Coinmama Help Center. The primary method of contact is through their support, where users can browse FAQs or submit a request directly to the support team. Coinmama offers reliable and responsive customer support to help users with any questions or issues they may face. However, Coinmama has not made webinars or live workshops a core part of their platform. Moreover, the exchange occasionally shares explainer videos and how-to guides through their YouTube channel and website. Coinmama offers a variety of educational resources designed to help users, especially beginners.

Read More on CryptoNinjas

Currently, Coinmama users can buy and sell Bitcoin and eight other altcoins including Ethereum, Ripple, and Litecoin. He started Hedge With Crypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world. However, the exchange has since increased its awareness of account security by regularly monitoring any suspicious activity and informing customers of good security practices.

Network Fees (Blockchain Fees)

The simple and intuitive interface avoids trading charts and jargon which appeals to first‑timers. You receive an e‑mail with the transaction ID, and the coins appear in your wallet after the first network confirmation, roughly ten minutes for Bitcoin or two minutes for Litecoin.Ideal Users for Coinmama Once the payment gateway returns a green checkmark, Coinmama broadcasts the on‑chain transaction.

What is the Best Wallet for Coinmama Crypto Purchases?

Investors that prefer to remain anonymous will need to choose a non-KYC crypto exchange to buy crypto. After sending the required funds to the exchange, Coinmama sends the tokens straight to the user’s wallet address, eliminating the risk of hackers stealing client funds. Users from accepted countries, including Australia, Singapore, Europe, the UK, Canada, New Zealand, and the US, can quickly and safely purchase cryptocurrency using Coinmama. As Coinmama is a bare-bones exchange, there are no additional features or complex order book-style interfaces to confuse users.

Additionally, the platform uses standard security measures such as SSL encryption and two-factor authentication (2FA) and does not hold users’ funds directly, which reduces risk exposure. See how Coinmama differs from some of the best crypto exchanges like Binance, PrimeXBT, Bybit, and OKX. Coinmama is beginner-friendly, with quick account verification, supports higher transaction limits than other platforms, and offers a loyalty program with discounts for bulk buying.

The platform supports multiple payment methods, such as credit cards, debit cards, bank transfers, and digital wallets, and offers a real-time crypto calculator for quick estimates. Coinmama is a user-friendly cryptocurrency exchange platform founded in 2013 by Nimrod Gruber and Ilan Schuster. This Coinmama exchange review will explore what makes Coinmama stand out from other cryptocurrency platforms. It allows quick, direct purchases of major cryptocurrencies with instant delivery to your own wallet, supporting various payment methods including credit cards, bank transfers, and digital wallets.

The unofficial subreddit for Coinmama has just over 100 members and is a great social platform to interact and communicate with other crypto traders and Coinmama users. To send cryptocurrencies to your wallet you will be required to enter your public key or the wallet address so that Coinmama can send your coins to the right place. So, now that you have your crypto wallet you can buy Bitcoin and other cryptos with your credit or debit card, SEPA or SWIFT bank account, or Apple Pay. By this we mean to find out what coins each wallet supports, familiarize yourself with social proof, and then sign up and download the wallets that suit your crypto trading needs. Crypto wallets and cryptocurrencies go hand in hand, therefore, without one you cannot interact or buy the other. The verification process typically takes around fifteen minutes and after that, you can buy and sell Bitcoin and other cryptocurrencies on Coinmama from the comfort of your own home.

This review gives you a fresh look at how the Coinmama coinmama exchange review platform works in July 2025. There is no guarantee that any crypto asset will have at any time in the future certain value (if any) or market liquidity. In addition, this helps fight fraud and keep your account safe.

The friendliest crypto exchange

While it doesn’t allow people to trade cryptocurrency pairs, the exchange is worth considering for anyone looking to spot-buy BTC, ETH, XRP, and a handful of other popular cryptos. The Coinmama exchange is one of the most well-respected names in the cryptocurrency industry and is now available in over 188 countries. However, the platform’s lack of features and high fees could cause issues for some.

Coinmama Features

By the end of this article you will know whether Coinmama suits your first crypto purchases or if other traders might prefer a different trading platform. The Coinmama exchange has been active since 2013 and is one of the longest‑running cryptocurrency exchanges still serving retail buyers. Your crypto is sent immediately after both your payment and wallet address have been confirmed. Coinmama is a non-custodial platform, meaning it doesn’t store user crypto.

The platform, established in 2013, takes user security seriously and has built its reputation around transparency and regulatory compliance. He also shared his frustration about people calling Coinmama a scam without any proof or real knowledge about the platform. It’s actually one of the very first places I ever bought crypto from back in 2018.

Does Coinmama offer crypto margin trading?

When a user buys crypto on Coinmama, the purchased coins are sent directly to the user’s personal crypto wallet rather than being stored on the exchange. Additionally, Coinmama supports quick buy and sell functions, allowing verified users to sell Bitcoin and Ethereum back to fiat currency and receive payment via bank transfers such as SEPA or SWIFT. Once a user completes their payment and Coinmama confirms both the payment and the wallet address, the purchased crypto is sent directly to the user’s external wallet within one hour. Coinmama is accessible in over 188 countries worldwide, making it one of the most globally available cryptocurrency exchanges. It operates transparently, without offering custodial wallets, requiring users to maintain their own secure crypto wallets. When it comes to fees and commissions, you only pay a 0.5% fee to deposit funds via an e-wallet or debit card, which is much lower than the 5% express fee charged by Coinmama.