Created and owned by New Bit Ventures Limited
Coinmama is an established cryptocurrency exchange
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FULL REVIEW OF Coinmama
Coinmama is one of the more popular bitcoin marketplaces out there, boasting over 200k customers and selling both bitcoin and Ethereum to verified users. There are lots reasons to buy bitcoin today: for investment purposes, to spur adoption of an all-digital currency or as a means to transact business anonymously.
As the price of bitcoin has”mooned”, so too has interest in this and other cryptocurrencies. Coinmama has proven to be a profitable platform to buy your bitcoin or Ethereum with a credit card.
*Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering, and this is not a recommendation to trade. *
Is Coinmama Easy To Use?
Coinmama has been selling bitcoin for many years, and the process for buying bitcoin is reasonably straightforward. Once you have considered fully the you can proceed to create an account on the site. This requires your name, country of residence and email address. You can buy a single bitcoin, fractions/multiples, down to as little as 0.1 bitcoin. Before you can complete the purchase, however, you need to have your own digital wallet, and you must be verified.
Verification requires you to provide the support at Coinmama with proof that you are who you say you are. You do this by uploading your passport image or driver’s license. Coinmama’s main focus is bitcoin, but it also buying of Ethereum – the second most popular digital currency after bitcoin and the one preferred by many more advanced traders.
Can You Sell Back Your Cryptocurrency to Coinmama?
Unfortunately, you cannot sell your bitcoin tokens back to Coinmama, nor does the platform connect you with possible buyers. The company does say a sell-side function is “coming soon.” For now, if you wish to sell your digital currency, you’ll need to use a different service.
Coinmama is currently available in 226 countries worldwide, and it also accepts all local currencies. The following payment methods are available:
- Cash (via Western Union transfer)
Coinmama supports Visa and Mastercard credit / debit cards via the Simplex payment system.
If you are paying by cash, you will have to use Western Union. Coinmama does not need bank account linking nor support other wire transfers.
Review Verdict: Coinmama is a legitimate product that works
Consumer Fraud Alert Regarding Coinmama
The success of Coinmama has given rise to many frauds who try to sell their own fake platforms in its name. This is a big issue as many customers have lost their money in joining from such fake sites. It is advised that customers should be really careful when they are purchasing and should do some research before they buy from any website. To spot these, watch out and avoid sites that claim to write about Coinmama, yet the write-up is completely garbage and unreadable as they are created by software and spammed all over the internet. It is always better to avoid joining from any other site other than the official one. Therefore, it is highly advised that consumers do careful research, or only buy from the site from the official website here – http://CoinmamaOfficial.com/ (link opens in a new window). The official website that they have includes the legitimate platform.
Conclusion about Coinmama
Carefully review the features to know if you want to proceed with a purchase. We have purchased crypto on Coinmama before and have had no problems with registration or purchasing, and is one of our top choices when we want to purchase. If you want to get started with Coinmama, you too can register for an account on the platform’s website. It’s then just a matter of choosing which cryptocurrency you want to buy, complete payment and confirm your wallet address.
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