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| COINMAMA - The largest platform for buying and selling Crypto currencies |
COINMAMA - The largest platform for buying and selling Crypto currencies with Visa (Bitcoin, Etherium ...)
Can Coinmama Be your best CURRENCY EXCHANGE PLATFORM ? Our opinion on
Coinmama can help you make a decision.
Coinmama is one of the most popular bitcoin and cryptocurrency exchange
platforms, with several hundred thousand customers, Coinmama buys and sells
bitcoin and Ethereum and new added ather
currencies to verified users.
There are many reasons to buy cryptocurrencies: to acquire assets, to
encourage the adoption of a fully digital currency or as a means of conducting
anonymous transactions. As the price of bitcoin has skyrocketed, interest in
this cryptocurrency and other altcoins has also increased.
Coinmama is a recognized platform for buying your bitcoin or Ethereum
with a credit card. However, you cannot sell your bitcoin through the site, and
its costs add up quickly. Should these disadvantages prevent you from using
Coinmama? Let's discuss about posetives and negatives thing about coinmama.
HOW DOES COINMAMA WORK?
Coinmama has been selling bitcoin for several years and the process of
buying bitcoin is relatively simple. First, once you have considered the risks
and decided that you are ready to buy cryptocurrency, you can quickly set up an
account on the site. To do this, you must provide your name, email address and
country of residence. You can buy a single bitcoin, multiples or fractions, up
to as little as 0.1 bitcoin.
However, before you can make the purchase, you must have your own
digital wallet and you must be verified. Verification requires that you provide
Coinmama with proof that you are who you claim to be. To do this, you download
a copy of your passport or driver's license.
CRYPTO-MONNAIE AVAILABLE ON COINMAMA
Coinmama mainly focuses on bitcoin, but also sells Ethereum - the second
most popular digital currency after bitcoin and the one preferred by many more
advanced traders.
However, you cannot resell your bitcoin coins to Coinmama, and the
service does not put you in touch with potential buyers. The company says a
sales function will soon be available. For now, if you want to sell your
cryptocurrency to recover Euro, you will have to use a different service such
as Coinbase, a competitor of Coinmama.
AVAILABLE COUNTRIES
We can find that Coinmama is available currently in 226 countries
worldwide and also it can accept all kind of local currencies.
WHAT ARE THE PAYMENT METHODS ACCEPTED ON COINMAMA?
Visa
MasterCard
Cash (by Western Union transfer)
Coinmama supports Mastercard
and Visa or debit cards accros
the system Simplex payment. If you are
paying in cash, you must use Western Union. Coinmama does not allow you to link
your bank account or support other wire transfers.
COINMAMA FEES
Coinmama charges a 6.3% transaction fee for each purchase. If you buy
with a credit card, there is an additional 5% charge assessed by Simplex,
Coinmama's credit card processor.
Transaction fees 5.5%
Credit card purchase fees 5%
Cash advance fees * *
According to Coinmama, some banks and credit card issuers view the
purchase of cryptocurrency as a cash advance and will charge users high fees to
speed up the transaction.
These are not Coinmama fees. Make sure your credit
card doesn't add cash advance fees when buying bitcoin. If they do, challenge
them, which could allow you to get a refund.
WHAT IS A RATE LOCK?
The price of bitcoin can fluctuate wildly. So much so that some sellers
can modify your order even after recording the transaction. This is not the
case with Coinmama. Coinmama "locks" the conversion rate at the time
of purchase. This means that you will receive exactly the amount of bitcoins
you have ordered, that the price has increased (or decreased) between the time
you place the order and the time you receive your coins. However, this purchase
insurance comes at a cost. Coinmama's price, while competitive, is generally
not the lowest on the market.
HOW LONG TAKES A TRANSACTION ON COINMAMA
It can typically take a few hours until you receive your bitcoin assets,
despite the simple process. First, the blockchain can take a few minutes to
confirm a transaction. This is so, no matter who you buy your bitcoin from.
Then, your credit card issuer, or Western Union if you're using cash, can take
up to several hours to confirm the payment. Finally, Coinmama will not send
your coins until you confirm the address of your electronic wallet. In summary,
the following factors will determine how quickly you will receive your bitcoin.
Time for the bank or credit card processor to verify the funds.
Time for you to confirm the address of your electronic wallet.
Block chain confirmation time for each transaction.
Coinmama sells from personal assets, unlike other service providers or
brokers, which significantly speeds up processing time.
COINMAMA TRANSACTION LIMITS
There is a daily limit of 5,000 USD / EUR per day, whether it is a cash
payment by Western Union transfer or by credit card. If you pay with a credit
card, you are limited to 20,000 USD / EUR per month.
WHAT ABOUT LIFETIME PURCHASE LIMITS?
Coinmama places limits based on what it calls "verification
levels".
There are three levels:
Level 1: limit of US $ 10,000
Level 2: limit of US $ 50,000
Level 3: No limit
For Level 1 status, you should have a name, date of birth, address,
phone number, email and a photocopy of a verification document, usually a national
ID card or driver's license or passport issued by the government. Coinmama can
take several hours to a whole day to review your documents and check your status.
If you want to purchase more than US $ 10,000 in bitcoin - level 2
status - you must provide a copy of your passport and driver's license, or
similar identification documents. Not just one. Coinmama may even ask you to
download a selfie of yourself holding these documents.
Ready to grow? Level 3 status does not have a total purchase limit. To
access level 3, you must contact Coinmama support directly and they will
provide you with additional instructions.
Note: Total purchase limits based on verification levels do not change
the daily and monthly spending limits.
IS THERE A MINIMUM PURCHASE?
Yes, the minimum you can buy is US $ 60 although the lowest amount of
bitcoin sold by Coinmama is 0.1 bitcoin. This means that the minimum purchase
is the quoted price of 0.1 bitcoin.
IS IT SAFE TO USE COINMAMA?
Coinmama is a registered money services business based in the Slovak
Republic. The company has offered bitcoin for sale for several years. Coinmama
is considered a reputable place to shop for bitcoin, but as with everything
that is digital - especially with everything that is crypto - there is always
an element of risk.
COINMAMA SERVICE
Coinmama offers email support only, but the site FAQs and service desk
support documents are reasonably complete and easy to understand.
ADVANTAGES AND DISADVANTAGES
Advantages
Live price in US dollars and euros
Buy fractions of a bitcoin
Easy to view all your orders
Buy directly on the site - no intermediary
Multilingual website
Disadvantages
Unable to sell bitcoins through Coinmama.
Does not accept PayPal, American Express or Discover.
Unable to link to your bank account to speed up new purchases.
No smartphone app
COINMAMA NOTICE - SHOULD YOU REGISTER?
First, take a close look at the features to decide if you want to
register. If you want to start with Coinmama, open an account you will find CoinMama Website Link In the end of this article.
Before buying bitcoin - or any digital currency - you will also need a
secure digital wallet. Once this is done, you can store your bitcoins there and
use this wallet to buy goods and services online. It is also useful to know
more about cryptocurrencies.
Sites that offer bank cards that accept shipping with Bitcoin:
www.centra.tech
www.bitnovo.com
www.astropay.com
www.dsx.uk
www.okpay.com///
www.coinsbank.com
www.wagecan.com
www.uquid.com
www.bitpay.com/card/
www.bitwala.com/card/
www.colourbox.com/
www.infinitumcard.io
to buy Crypto Curencies This Is CoinMama Website link register and began buying !
To understand more, watch this videos :
1. Another video explaining how to register and how to buy cryptocurrencies from the Coinmama website (eg buying bitcoin)
2. After the design modifications made by this website, this is another video explains how to register and how to buy cryptocurrencies from the Coinmama site (eg buying bitcoin)
You should know that despite the modifications made by the site in terms of design, the method of registration and purchase from this site remains only one, and only the order of the steps followed can change.
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