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Coinmama Review

Last Updated on April 2, 2024

James Headshot
Written by
Adam Headshot
Edited by
Coinmama logo
4.02
Crypto Head Rating
Visit Coinmama

The Bottom Line

Coinmama stands out for its commitment to user-friendliness and its robust suite of products, such as quick account verification, multiple payment options, and secure transactions – essential services that have allowed it to establish itself in the crypto exchange market.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Long-standing crypto exchange
  • User-friendly interface for beginners
  • High spending limits for verified accounts
  • Instant delivery of coins upon payment
  • Multiple payment methods supported

Cons

  • Higher fees compared to some other exchanges
  • Requires identity verification for buying
  • Limited to crypto trading with no advanced features
  • No mobile app for trading on the go
  • Customer support can be slow to respond

Quick Summary

Headquarters Location Ramat Gan, Tel Aviv, Israel
Fiat Currencies Supported USD, AUD, GBP, CAD, EUR, NZD + 180 others (some through third party apps)
Total Supported Cryptocurrencies 86+
Trading Fees 0.99% - 3.90%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Apple Pay, Google Pay, Skrill, Neteller, Giropay, Astropay, Khipu, WebPay, PSE, SPEI
Support Twitter, Help Center Articles, Support Ticket
Mobile App Yes - Android

Coinmama has long been one of the leading cryptocurrency exchanges, helping countless investors enter the digital currency world. Here, we introduce Coinmama before diving deeper into its features and services as part of our comprehensive Coinmama Review.

Coinmama homepage

As digitalization expands, exchanges such as Coinmama become increasingly pivotal in connecting fiat currencies to the vast and emerging world of cryptocurrency. Coinmama remains committed to meeting its users’ evolving needs by constantly improving its platform.

Coinmama continually adapts to provide an efficient service that aligns with market developments, adapting technology and regulations at lightning speed.

About Coinmama

Coinmama was established with the aim of simplifying crypto buying for buyers worldwide. Since 2013, its services have grown exponentially to encompass multiple countries worldwide.

As a platform, it has built an excellent reputation for offering quick and straightforward cryptocurrency purchases.

Coinmama features

Coinmama has witnessed shifting crypto market trends and groundbreaking technological innovations that have had an effect on its trajectory, forcing it to adapt its services and expand accordingly to accommodate an ever-increasing user base.

Coinmama’s strategy and product development have been heavily shaped by historical milestones, including Bitcoin’s halving events and Ethereum’s rise as a major asset. Coinmama’s exponential growth reflects the widespread adoption of cryptocurrencies as investments and methods of decentralised finance.

Coinmama has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn and Telegram.

Coinmama has a mobile app on Google Play.

Coinmama Supported Cryptocurrencies

Coinmama supports trading on over 86 cryptocurrencies on their platform. This exchange currently supports 19 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • USDC (USDC)
  • XRP (XRP)
  • Toncoin (TON)
  • Dogecoin (DOGE)
  • Cardano (ADA)
  • Avalanche (AVAX)
  • Shiba Inu (SHIB)
  • Bitcoin Cash (BCH)
  • TRON (TRX)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Polygon (MATIC)
  • Internet Computer (ICP)
  • Litecoin (LTC)
  • NEAR Protocol (NEAR)
  • UNUS SED LEO (LEO)
  • Dai (DAI)
  • Uniswap (UNI)
  • First Digital USD (FDUSD)
  • Aptos (APT)
  • Stacks (STX)
  • Ethereum Classic (ETC)
  • Mantle (MNT)
  • Bittensor (TAO)
  • Cronos (CRO)

View all cryptocurrencies Coinmama supports

  • 1INCH
  • AAVE
  • ACH
  • ADA
  • AGIX
  • AMP
  • ANKR
  • APE
  • AUDIO
  • AVAX
  • AXS
  • BAT
  • BCH
  • BICO
  • BNB
  • BNX
  • BTC
  • CAKE
  • CELO
  • CELR
  • CHZ
  • COMP
  • CRV
  • CVX
  • DAI
  • DOGE
  • DOT
  • DYDX
  • ENJ
  • ENS
  • ETH
  • FET
  • FLUX
  • FTM
  • FXS
  • GLM
  • GNO
  • GTC
  • HOT
  • ILV
  • IMX
  • JASMY
  • KNC
  • LDO
  • LINK
  • LPT
  • LTC
  • MASK
  • MATIC
  • MC
  • MKR
  • NEXO
  • NMR
  • OCEAN
  • OMG
  • ONT
  • PERP
  • PLA
  • PUNDIX
  • QNT
  • RNDR
  • RPL
  • SAND
  • SHIB
  • SKL
  • SOL
  • SSV
  • STG
  • STORJ
  • SUSHI
  • SXP
  • SYN
  • TRX
  • TT
  • TWT
  • UNI
  • USDC
  • USDT
  • WBTC
  • WOO
  • XEC
  • XLM
  • XRP
  • XTZ
  • YFI
  • ZIL

Trading Experience

Coinmama offers an intuitive trading experience thanks to its user-friendly platform, which guides users from selecting coins to completing purchases seamlessly. This platform appeals to novice and experienced traders looking for an effortless transaction experience.

Coinmama provides an optimal trading experience by carefully calibrating features to suit novice and seasoned traders alike. Their user-friendly interface simplifies purchasing cryptocurrency products.

The focus is not solely on making purchasing easier but also on providing educational steps to assist users through the complex nature of cryptocurrency trading. This balanced approach optimizes user experience while meeting the needs of a wide array of trading communities.

Coinmama exchange marketing

Coinmama Fees

Coinmama’s fee structure was created to be transparent, clearly outlining costs associated with buying cryptocurrency on their platform. While specific numbers will not be discussed here, fees are calculated depending on several factors, including transaction volume and the payment method.

Coinmama understands the transaction fee is a critical element of any crypto exchange and has designed its fees in accordance with industry standards to maintain transparency. Users will always know upfront what costs they owe for every trade, helping foster trust and transparency during each exchange transaction.

Coinmama prioritizes customer experience first and foremost, as evidenced by its wide array of payment options that accommodate different user preferences.

Type Fee
Deposit Fee (Bank Transfer) 0%
Deposit Fee (Credit/Debit Card) 4.50% - 6.50%
Trading Fee 0.99% - 3.90%
Withdrawal Fee (Bank Transfer) 0.10% - 0.90%

Security - Is Coinmama Safe?

Coinmama takes security seriously, employing stringent measures such as two-factor authentication and regulatory standards compliance to safeguard customers’ personal details, wallet addresses and payment information while upholding Coinmama’s integrity in the cryptocurrency market.

Coinmama takes its commitment to security seriously, employing stringent measures like two-factor authentication and adhering to standards set forth by Money Services Business.

Coinmama greatly protects users’ personal details, wallet addresses and payment information against unauthorised access. Their comprehensive security strategy protects user assets while upholding Coinmama’s reputation as an efficient platform for conducting digital asset transactions.

Coinmama Customer Support

Customer service is at the core of Coinmama’s offerings, with a dedicated support channel to address user inquiries. Their support team works tirelessly to provide timely and effective assistance, often receiving positive reviews from their community of users.

Coinmama recognizes the value of providing dedicated customer support as part of an excellent user experience. Our dedicated customer service team is on hand during business hours to assist users while they remain available beyond.

Coinmama prides itself on offering customer support beyond reactive assistance; its proactive support services aim to educate users and combat fraudulent activity. Coinmama stands by its customers with exceptional levels of care delivered.

Coinmama support

Coinmama Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on Coinmama

  1. Create Account - Visit the Coinmama website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you can deposit using the deposit methods listed below, including some options through third party apps.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • Skrill
  • Neteller
  • Giropay
  • Astropay
  • Khipu
  • WebPay
  • PSE
  • SPEI

Coinmama Alternatives

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
386+

Trading Fees
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Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others

Visit Binance
Kraken logo

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
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Trading Fees
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Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

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OKX logo

OKX

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Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
320+

Trading Fees
0.08% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

Visit OKX

Final Thoughts

Coinmama stands out as an intuitive and trustworthy platform suitable for newcomers to the crypto space. It provides easy and swift service for purchasing cryptocurrency. They have made strides toward ease-of-use and speed-of-service improvements to make their experience easy and smooth for these novice users.

To compare Coinmama against other cryptocurrency exchanges, view our article comparing Coinmama vs. Coinbase.

Coinmama FAQs

Yes, Coinmama operates in Australia and allows Australian users to buy cryptocurrencies using their platform.

 

Coinmama does not hold cryptocurrencies for users; it simply facilitates the purchase of cryptocurrencies. You would need to have your own cryptocurrency wallet to receive the coins you buy on Coinmama.

To “withdraw” your money, you would sell your cryptocurrency on a different platform that allows you to sell and withdraw fiat currency to your bank account.

To buy bitcoins from Coinmama in Australia, you need to create an account on Coinmama, complete the necessary KYC (Know Your Customer) verification, enter the amount of Bitcoin you want to purchase, provide your wallet address, and pay with your preferred payment method.

Coinmama charges a fee which can vary depending on the market rate and the chosen payment method. Their fee is generally included in the quoted price of the cryptocurrency.

Coinmama typically accepts various payment methods including credit card, debit card, and bank transfers. The availability of specific payment methods may differ by country.

The verification process on Coinmama can vary in time. Generally, it can take from a few minutes to several hours.

However, during times of high demand, the verification process may take longer.

The time it takes to buy Bitcoin on Coinmama depends on the payment method and the speed of the network. Credit and debit card transactions are generally processed quickly, while bank transfers may take longer to complete.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: