Coinmama

coinmama exchange review

Coinmama Review

Coinmama is a bitcoin broker based in Israel. They provide bitcoins selling service to nearly anyone in the world as longest you own a credit card.

PROS


  • Large coverage of service
  • Known for good customer service
  • Adequate purchase limit

CONS


  • Slightly expensive and high fees

Payment Methods

Coinmama accepts transaction via credit/debit card and even by physical cash. One of the unique transaction method available is via Western Union.

Supported Countries

Coinmama supports most of the countries worldwide beside sanctioned countries . Accepted transaction are mostly via credit cards.

US States support

Assuming some might have credit card or bank registered on these US regions should able to make purchase on Coinmama . US states that are not included might not be fully supported by Coinmama.

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

Privacy

Similar with Coinbase in terms basic account where basic users are allowed to purchase not more than $150 worth of bitcoins. Personal detail such as ID are not required for basic user to make purchases.
However, purchases that total up to $150 will require full identity verification where users have to provide their ID.

Limits & Liquidity

Coinmama boast for providing one the highest buying limit among other brokers via credit card. They could allow up to $5,000 worth of Bitcoin purchase daily and total of $20,000 monthly

Transaction speed

Basic user account would need roughly 10 minutes to complete the transaction. However after full verification on the user account , transaction occurs instantly.

Reputation

Known as one of the oldest broker in the market and been provides Bitcoin purchasing via credit/debit cards since then.

Fees

One of the few broker in the market that have high extra charges of 6% when purchasing with credit/debit card.

Customer support

Currently they only provide email support , thus any lined support are high possibility a fake one.

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