Coinmama Review

Cryptocurrency gets more popular by the day, and many traders wish they had gotten in on the ground floor. Nowadays, it can be difficult for new users to get into the crypto game and just as hard for crypto traders to find new ways to buy and sell.

The demand for crypto has given rise to coin exchanges like Coinmama, which are geared to make buying crypto easier than ever! This Coinmama Review will provide you with the information you need to decide if the platform is right for you.

Coinmama Review: Overview

Coinmama is a cryptocurrency exchange that was first established in 2013 to serve the growing demand for cryptocurrency. Today the service has over 2.5 million users in some 188 countries around the world. It runs under the watchful eye of parent company New Bit Ventures.

Due to state regulations in the United States, there are a small number of states that are unable to use Coinmama.

Its simple interface allows individuals to buy Bitcoin and other popular coins through payment methods such as credit cards, debit cards, and bank transfers. Users are limited to a European (such as SEPA) bank transfer in order to use the platform.

Coinmama Review: What Is Coinmama?

Coinmama is a platform that stands out among similar services by selling cryptocurrencies directly to users from their own inventory, not from some third-party seller.

Coinmama does not provide anything in the way of a digital wallet, meaning each user is responsible (and therefore in control of) their own stash of crypto.

The platform is set up for lightning-fast transfers, often taking users as little as 10 to 20 minutes to receive their crypto through the use of a credit card. These perks do come with some higher fees than other brokers.

Coinmama Review: Where Is Coinmama Located?

Coinmama has its headquarters located in Tel Aviv, Israel, and has offices in other parts of the world.

Coinmama Review: Is Coinmama Safe and Legit?

Coinmama has been in business for over eight years and has a solid track record for buying Bitcoin, Bitcoin Cash, and other popular coins on the market.

Their website uses a secure encryption service to keep personal information safe, and no credit card information is stored anywhere in their database.

In addition, Coinmama doesn’t offer a crypto wallet and therefore doesn’t store any of your money or cryptocurrency. Upon signing up for the service, you’re required to provide your own secure crypto wallet where your coins will be stored.

By Alex Alena

Alex Alena has been the lead news writer at Cryptocurrency Updates. With a degree in communications, Matt has an uncanny ability to make the most complex subject matter easy to understand.