The process is called verification and is something everyone must go through before buying crypto anywhere. After submitting your details for verification, we’ll then quickly go over it and make sure everything looks good. Since Coinmama neither holds cryptos on the exchange nor stores customer information, there is no 2-factor authentication.
Does Coinmama sell Dogecoin?
The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product’s website. All products and services are presented without warranty. Coinmama has a great loyalty program which is designed to reward all of those traders and investors who use the platform regularly. Although Coinmama limits Coinmama Review how much crypto everyone can buy the limits are quite high and getting rewarded for purchasing Bitcoin is a good deal. Coinmama does indeed have a KYC verification program that investors will need to complete before they can purchase cryptocurrencies on their platform. While it is possible to sell on Coinmama the platform is not designed for sales outside of Europe.
The process of purchasing is so easy.
- Coinmama was previously hacked, resulting in the comprise of 1.4 million customers’ details.
- If you don’t want to trade cryptos but want to buy and sell coins, Coinmama has you covered.
- Additionally, the only crypto you can sell to Coinmama is bitcoin.
- However, it is easy for new users to open an account and start buying cryptocurrencies without the hassle of tackling reams of information.
- The reason I am giving four stars is because of Carl and his skill in keeping me calm in the situation.I did not like how the verification was done.
Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. We may receive payment from our affiliates for featured placement of their products or services. We may also receive payment if you click on certain links posted on our site.
Coinmama vs Coinbase Comparison Table
As a peer-to-peer exchange, Coinmama brokers deals directly between buyers looking to purchase crypto with fiat currency and sellers looking to sell their crypto for fiat currency. The Coinmama exchange is one of the most well-respected names in the cryptocurrency industry and is now available in over 188 countries. While it doesn’t allow people to trade cryptocurrency pairs, the exchange is worth considering for anyone looking to spot-buy BTC, ETH, XRP, and a handful of other popular cryptos. Coinmama is a well-known fiat to crypto currency exchange that has become popular in the industry. While the platform has found itself in hot water for past security breaches, the Coinmama team has worked hard to improve its security. Coinmama supports users with 24/7 access via email or telephone, which positions it well in the cryptocurrency space when compared to other exchanges.
- However you may want to have a look at some other exchanges before you sign up.
- The exchange follows a KYC process, requiring details such as name and address and submission of a valid ID like a driver’s licence or passport.
- Coinmama operates in a straightforward manner to allow you to buy cryptocurrencies using fiat currency.
- This is mainly because they resolve customer complaints.
- You don’t have to deposit funds, wait for them to clear and then buy your cryptocurrencies.
- Select the amount you’d like to purchase and provide your wallet’s address (more info on wallets available here).
Supported Fiat Currencies and Deposit Methods
- Conor from the support centre was very fast and friendly with answering all my questions.
- Coinmama offers a loyalty program that provides reduced fees for users who make a certain amount of purchases over 90 days.
- Coinmama supports several payment methods, including credit or debit cards, bank transfers, and Apple Pay.
- After clicking the link, you will be redirected back to the site.