Coinmama review 2019

Is Coinmama a good exchange?

This is an excellent exchange that lets you deposit fiat currencies, but you have to verify your account before you start trading.

Deposit fees

Withdrawal fees

Trading commission

Accepting US citizens

Credit or debit card 5% SEPA transfer 0%.
None
5.9%
Yes

Coinmama is a popular cryptocurrency exchange that lets you buy Bitcoin and other major cryptocurrencies in a straightforward manner. To use the service you need to verify your account first. However, the verification procedure takes within an hour, which is faster than other exchanges.

Is Coinmama secure?

Yes. Coinmama is based in Slovakia, a European Union member state and is as secure as any other major cryptocurrency exchange.

What kind of platforms does Coinmama offer?

Coinmama offers a simple web-based platform without any charting functionalities. You can choose how many dollars you want to spend and Coinmama calculates how many Bitcoin you'll get in return. Selling cryptocurrencies works in the same way. This makes it a great option for beginners. Advanced traders may find it a bit hard to make price forecasts without charts.

  • No deposit fees. SEPA deposits come without any fees.
  • No withdrawal fees. You won't pay any fees to make a withdrawal.
  • Beginner-friendly. The platform is straightforward and easy to use, which makes it ideal for beginners.

Watch out

  • Verification required. You must verify your ID before trading. However, verification is made within an hour.
  • Limited number of digital currencies. Coinmama supports only a dozen of the most popular cryptocurrencies.

What can I trade with Coinmama?

  • Cryptocurrencies

How do I signup with Coinmama?

  1. Go to the Coinmama website.
  2. Click Buy Coins or Sign Up.
  3. Enter your first name, last name, email, password and a country of residence.
  4. Verify your account.
  5. Start buying and selling cryptocurrencies.

Bottom line

Coinmama is a solid, European-based exchange that lets traders buy and sell cryptocurrencies with ease. Beginner traders may find it to be a great choice, but advanced traders may struggle without any forecasting tools.