broker review
Coinmama Review
General Information
Originating from Israel and established back in 2013, Coinmama is one of the biggest cryptocurrency exchange platforms in the world, having served more than 1.8 million customers from over 190 countries. Currently registered in Slovakia, it’s still owned and headquartered by New Bit Ventures in Israel.
Since the company has such a long track record in the industry, our current review aims to highlight some of its most important features, as well as some of the negative points. It should help people asses whether this the right exchange to work with, or not.
Services and Cryptocurrencies Supported
Coinmama offers brokerage services for Bitcoin and several other important cryptocurrencies, selling the coins directly to customers, as opposed to some other exchanges where clients buy cryptocurrencies from other people. The advantage, in this case, is that the process is simple and fast, customers not having to look for a buyer on their own. On the other hand, this kind of service is usually more expensive, as well as see in the next section.
At the time of writing, people who want to cryptocurrencies with Coinmama are able to choose from the following tokens:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Cardano (ADA)
- Qtum (QTUM)
- Ethereum Classic (ETC).
Payment Methods and Fees
In terms of payment methods, Coinmama accepts credit or debit cards issued by Visa or Mastercard. More recently, the company had also started to accept SEPA payments as well, and the most important thing about them is that the processing fee is 0%.
Not the same can be said about the credit/debit card fee, which is currently at 5%. On top of that, the prices clients see on Coinmama’s website already include the company’s brokerage service fee, standing at 5.9%. The company calculated the base price from TradeBlock’s XBX index, but the bottom line is that Coinmama’s prices are 10.9% above the market rate.
Customer Support
When it comes to customer support, Coinmama clients can reach a representative only via email. On top of that, there’s also a help center and a comprehensive guide, where people interested to find information on various topics can see what is a cryptocurrency, blockchain, mining, Bitcoin, Ether, and others. Coinmama is also active on social media, with Facebook, Twitter and LinkedIn account currently active. It would have been a plus if there would have been a phone number available, but given the company operates at a global scale, such a task is hard to handle.
Geographical restrictions
Coinmama is one of the cryptocurrency exchange platforms that offer services to the worldwide audience, with the exception of sanctioned countries. At the present time, Coinmama claims it had server clients from over 190 different countries.
Summary
Coinmama is one of the oldest cryptocurrency exchange platforms with a strong reputation in the industry. However, it only offers services for 8 different cryptocurrencies and their fees are relatively high as compared to the industry average.
Coin Mama Review
Product Name: Coinmama
Product Description: Coinmama is one of the oldest cryptocurrency exchange platforms with a strong reputation in the industry. However, it only offers services for 8 different cryptocurrencies and their fees are relatively high as compared to the industry average.
Brand: Coin Mama
Offer price: 0.0
Currency: USD
Offer URL: https://www.coinmama.com/
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Ease Of Use
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Our Review
Originating from Israel and established back in 2013, Coinmama is one of the biggest cryptocurrency exchange platforms in the world, having served more than 1.8 million customers from over 190 countries. Currently registered in Slovakia, it’s still owned and headquartered by New Bit Ventures in Israel.
Since the company has such a long track record in the industry, our current review aims to highlight some of its most important features, as well as some of the negative points. It should help people asses whether this the right exchange to work with, or not.
