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BROKER REVIEW

COINMAMA

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November 21, 2017 | 

Joanna Newman |  0 Comments | 

4780 Views

COINMAMA - BROKER REVIEW

Our Pick

Mimimum Deposit

$100

Crypto

currency
currency

Regulation

country

Our Score

9.7

Coinmama is a Bitcoin buying platform that has existed since 2013 and has built a solid reputation.

On this platform, you can buy or sell Bitcoins directly in Coinmama, but you can not trade them with other people, and the platform will not keep your funds. It would be best if you opened a wallet.

You can not exchange your Bitcoins against other currencies. For that, you will have to go through an exchange platform.

But despite this, Coinmama is an exciting platform for its ease and its outstanding reputation.

Means of payment

The platform allows the use of Visa or MasterCard credit or debit cards.

But you can also transfer your money through Western Union.

Minimum deposit

Coinmama can buy for less than 150 USD, and in this case, the verification is ultra-fast and ultra simple.

Beyond this sum, you will be asked for other means of verification.

Support

Coinmama supports most countries in the world.

She also supports several states in the United States:

  • Arizona
  • California
  • Colorado
  • Florida
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Massachusetts
  • Maryland
  • Michigan
  • Missouri
  • Montana
  • Nevada
  • New Jersey
  • New Mexico
  • North Carolina
  • Pennsylvania
  • South Carolina
  • Tennessee
  • Texas
  • Virginia

Support is either by chat or email.

Purchase limit

Coinmama offers purchase limits among the highest brokers accepting payment by credit card.

You can buy up to $ 2,000 BTC per day or up to $ 20,000 BTC per month.

Verifications

The simplest verification usually takes less than 10 minutes, and after that, the transactions are instantaneous.

There are several levels of verification, depending on the desired amount:

Level 0: for purchases under $ 150, just with your address and phone number.

Level 1: Allows you to buy up to 10 000 USD, and for that, you must present identity papers.

Level 2: For purchases up to $ 50,000, where it will be required to submit a utility bill, a bank statement, and a selfie of you holding your ID.

Level 3: for purchases up to $ 1 million, with recognition to a lawyer or notary.

Reputation

The reputation of Coinmama is well established. The platform is one of the oldest. It is regulated in almost all countries. It is a safe, and trustworthy platform.

Fresh

The fees are quite high and are 6%.

Security

Coinmama is a 100% secure platform. It keeps your personal data on a server with a very high level of encryption and authentication.

Like all broker platforms, Coinmama has advantages and disadvantages.

Advantages

Its speed and ease.

Simplified verification for small amounts.

His reputation.

It's many regulations.

It's very high limits.

Its ease of payment by credit card.

Disadvantages

Its support can be slow to give answers.

No phone support.

His support schedules are limited to Sunday to Thursday from 23:00 to 7:00.

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