Coinmama Review

About the Exchange

We must start by highlighting Coinmama is one of the oldest cryptocurrency exchanges in the world, having been established in 2013 and originating from Israel. At the present time, the exchange platform is registered in Slovakia, but it’s still owned and headquartered by New Bit Ventures, a company based in Israel.

According to the information available on their website, Coinmama had served more than 1.8 million customers from over 190 countries, which is why we want to make a review of their services.

Coinmama Services and Cryptocurrencies

What people must know from the start is that Coinmama facilitates exchange operations for customers, selling them tokens directly. People don’t buy and sell crypto in the market and this type of activity comes with both positives and negatives. On one side, we must mention that the process is highly simplified and much faster, but at the expense of higher commissions.

Clients wanting to work with Coinmama must also know that the cryptocurrencies supported are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), Cardano (ADA), Qtum (QTUM), and Ethereum Classic (ETC).

Fees Details and Payment Options

When it comes to payment methods, clients working with Coinmama can use credit/debit cards issued by Visa or Mastercard. At the same time, the exchange now accepts SEPA payments, with a processing fee of 0%.

In terms of credit/debit card fees, we must mention that Coinmama is one of the most expensive exchanges in the market, charging a 5% fee for each transaction. In addition, the cryptocurrency quotes available on the website include a brokerage service fee of 5.9%. The exchange uses TradeBlock’s XBX in order to calculate the base price, but customers must be fully aware that the cost of transacting with this exchange is 10.9% on aggregate. It’s still suited for people who want to get cryptocurrencies fast, without having to go through a lengthy process.

Customer Service

Coinmama representatives can be reached via email, with no phone number available on the website at the time of writing. There is a help center, however, and a comprehensive guide with information on topics like Bitcoin, blockchain, mining, Ether, cryptocurrencies, etc. Even though there’s no phone number, that does not mean the exchange is a scam. We’re talking about one of the oldest exchanges and Coinmama is active on Facebook, Twitter, and LinkedIn, as well.

Geographical Restrictions

Other than currently sanctioned countries (Iran, Venezuela, etc.) the exchange services provided by Coinmama are available for customers around the world. Up until now, clients from over 190 countries had used the exchange’s services and that means there’s broad coverage.

Conclusion

With more than six years of experience in the market and customers from 190 different countries served, Coinmama proved to be a reliable cryptocurrency exchange platform. Other than that, people wanting to work with it must be aware of the limited cryptocurrencies supported and well as the high fees, which are a strong negative. We did not find any compromising argument about Coinmama, so this is not a scam.

Coinmama Review

Product Name: Coinmama

Product Description: We must start by highlighting Coinmama is one of the oldest cryptocurrency exchanges in the world, having been established in 2013 and originating from Israel. At the present time, the exchange platform is registered in Slovakia, but it’s still owned and headquartered by New Bit Ventures, a company based in Israel.

Brand: Coinmama

Offer price: 0.0

Currency: USD

Offer URL: https://www.coinmama.com/

• [ More ]

• Ease Of Use
• Design
• Scalability

4.5

Summary

With more than six years of experience in the market and customers from 190 different countries served, Coinmama proved to be a reliable cryptocurrency exchange platform. Other than that, people wanting to work with it must be aware of the limited cryptocurrencies supported and well as the high fees, which are a strong negative. We did not find any compromising argument about Coinmama, so this is not a scam.