Coinmama’s sell rates are determined by the TradeBlock XBX Index market rate plus 2% and a selling fee between 0.9% and 1.9%. Coinmama’s fees are based on the TradeBlock XBX Index, which is the market rate based on all known providers. As we have already mentioned, cryptocurrencies are not monitored or managed by central banks and as a result, each provider selects its own rate. In this section of our Coinmama review 2025, we will cover what cryptocurrencies and markets you can access.
- The upcoming Coinmama wallet is designed to help you take full control of your funds.
- It’s important to note that no funds were lost, and Coinmama responded quickly by alerting users, requiring password resets, and improving its internal systems.
- For example, if you chose “Swap Crypto”, you will be required to enter the cryptocurrency you have, the amount of it, and the cryptocurrency you want in return.
- That spread counts as part of the hidden fees many first‑time users overlook.
What Do Reddit Users Say About Coinmama?
It currently does not support futures or leveraged trading, though its roadmap indicates that CFD trading may be introduced in the future. Coinmama offers only spot trading and OTC services. As of now, Coinmama has neither a web-based trading interface nor a mobile application.
Does Coinmama Have Hidden Fees?
It’s important to note that no funds were lost, and Coinmama responded quickly by alerting users, requiring password resets, and improving its internal systems. In terms of payment security, Coinmama is PCI DSS Level 1 compliant, which is the highest standard for secure handling of credit card and debit card data. 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.
In addition, this helps fight fraud and keep your account safe.
Understanding the Coinmama Crypto Exchange Platform
Because these transaction fees are layered, the total cost can seem high compared to other platforms, but they are all disclosed during the purchase process. The spread is combined with the commission fee (ranging from 0.99% to 3.9% depending on your loyalty tier) and any applicable express fees for instant payments, resulting in a higher total purchase cost. This fee has a minimum cap and applies because instant card payments carry higher processing costs and risks for the platform. The express fee is part of the overall commission structure and payment processing fees. Higher tiers, achieved by more trading volume over a period (for example, $5,000 spent over 90 days), grant discounts on these fees. The transaction fees on the Coinmama Exchange include a standard commission fee, an express fee, a spread fee, and payment processor fees.
Then all that is left to do is to confirm the crypto wallet address via email and your cryptos will be added to your crypto wallet. Just specify the number of crypto coins you want to purchase, enter your payment details. The most important element that springs to mind when it comes to selecting a crypto wallet is to do your research. Advanced crypto traders disseminate their coins across several crypto wallets depending on their needs. After your Coinmama account has been successfully created and verified you can simply enter the desired wallet address, fill out the transaction form and purchase BTC instantly.
- Coinmama offers access to 80+ cryptocurrencies in an OTC market.
- There is no guarantee that any crypto asset will have at any time in the future certain value (if any) or market liquidity.
- Coinmama operates as a crypto broker, allowing users to buy and sell digital currencies directly without interacting with other traders.
- It is also great for individuals who value fast crypto delivery and investors who want to buy a limited selection of top cryptocurrencies, rather than active or advanced traders.
- After careful consideration and extensive research here at TradingPlatforms, we concluded that the free trading platform eToro secures the number one spot on our list of top brokers for 2025.
Coinmama account limits (buy and sell)
Coinmama is a fiat-to-crypto exchange that allows individuals to buy cryptocurrencies using fiat currencies. We completed a mock purchase while creating our Coinmama review and noticed that users must provide a crypto wallet address before initiating a purchase. A non-custodial cryptocurrency broker like Coinmama is one of the safest places to buy crypto, as the platforms do not store customer funds or hold digital assets.
Gemini and Bitstamp both offer call‑back forms for United States residents, a service gap that Coinmama customers still notice in feedback surveys. Coinmama is a broker, not a custodian, so every order requires a destination wallet address. Roughly 78 percent of platform turnover during May 2025 came from BTC and ETH alone, leaving thin liquidity in the other eight markets. The points below flag the concerns most frequently reported by active users.
The final trade fee is displayed before the transaction is confirmed, making it simple for users to see a cost breakdown before buying. Furthermore, as a direct purchasing platform, there are no additional trading pairs available and therefore can only spot trade. Having access to a substantial number of assets is crucial for anyone wishing to buy and sell crypto. While the range of supported fiat currencies is lower than other exchanges, Coinmama has ensured that every user is provided with a viable payment method. While the platform supports USD, EUR, GBP, CAD, and AUD, users wishing to transact in another currency will need to look elsewhere.
Coinmama Review – FAQ
Shoppers choose a bundle such as five hundred dollars in Bitcoin or type a custom amount, then paste a wallet address and click Buy. The website removes complexity by displaying preset crypto packages in fiat currency. By transferring assets out immediately, Coinmama keeps private keys in user hands and reduces time‑window exposure to exchange custodial risk.
The coinmama exchange lists ten digital assets at present which covers Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Cardano, Chainlink, Tezos, Uniswap, Dogecoin, and Qtum. A starter order of 300 USD in Bitcoin therefore carries roughly 30 USD in platform costs before the separate network fee hits the blockchain. Coinmama adds an average platform spread of about five percent to every buy or sell quote, then layers a five percent processing surcharge when you pay with a Visa or Mastercard.
Step 2: Upload your Documents for Verification
The majority of crypto exchanges support transactions between sellers and buyers, however, Coinmama facilitates crypto transactions between buyers and the company as all digital currencies sold originate from Coinmama’s inventory. Coinmama was launched in 2013 with a mission to make buying and selling cryptocurrencies simpler and widely accessible. In this Coinmama Review 2025, we cover all the key metrics from fees, mobile apps, user experience, payments, regulation, and more.
What are the Available Fees on Coinmama Exchange?
The fees range from 0.99% to 3.9% on buy transactions, with the exact rate influenced by your Loyalty Level, which includes tiers. It includes tutorials on buying crypto, account verification, and guides on topics such as Bitcoin liquidity and adoption. The content coinmama exchange review is designed to support users at all levels, from those new to crypto to more experienced investors who want to deepen their knowledge. Coinmama Academy is a comprehensive educational resource from Coinmama that provides beginner-friendly information on cryptocurrency and blockchain technology.
Fiat Trading Fee Rates
While the platform strives to serve a global clientele, it can’t provide services in specific regions due to regulations. The exchange provides 24/7 support through multiple channels, including email and a live chat feature. Online reviews indicate that the platform is quite reliable. The exchange also offers alternative funding methods, such as Giropay, Astropay, PIX, Khipu, WebPay, PSE, and SPEI. In addition to Crypto transactions, the platform supports 47 fiat currencies, such as USD and EUR. The Coinmama wallet, too, is due to launch soon.
We azcryptoexchanges.com do not take any kind responsibility for any risks or losses. Making an account is easy and Coinmama’s account verification time is quick, with most users getting verified within a few minutes. It is a non-custodial platform that supports 44 fiat currencies for buying cryptos, which is an exceptional number of available options. Coinmama is set to launch its very own crypto wallet, bringing the same simplicity, transparency, and trust. Coinmama offers a range of other products and services beyond crypto buying and selling to broaden their digital asset experience. Coinbase includes staking, a learning rewards program, and a mobile app, while Coinmama focuses more on simple crypto purchases with fiat and direct wallet transfers.
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. Coinmama is a well-known fiat to crypto currency exchange that has become popular in the industry.
By accepting a wide range of fiat currencies not only does this crypto exchange give its clients additional payment methods, but it also removes added conversion fees, thus offering a better fiat to crypto rate. The information about a specific cryptocurrency exchange or trading platform in reviews and guides may differ from the actual provider’s website. Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. Unlike most cryptocurrency exchanges, Coinmama is designed like an instant crypto swap service rather than a trading platform. Coinmama is a simple-to-use exchange that enables users to purchase 16 cryptocurrencies using various payment methods. However, despite the higher-than-average fees, Coinmama is a viable platform for beginners looking for a safe way to buy cryptocurrencies.
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. By providing your personal details such as proof of ID and address, you help the crypto exchange combat fraud and keep your account safe. Buy orders made with bank transfers do not incur any additional fees whereas transactions made with a fixed crypto rate and instant delivery incur an added 5% express fee.