Introduction
Ready to start trading Bitcoin or other cryptocurrencies but overwhelmed by the sheer number of exchanges? Coinmama, an Ireland-based platform founded in 2013, simplifies the process with a curated selection of top cryptos like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
👉 Discover how Coinmama stacks up against other exchanges
Key Features at a Glance
| Feature | Detail |
|---|---|
| Regulation | Registered with FinCEN & FINTTRAC |
| Cryptos Listed | BTC, ETH, LTC, USDT, USDC, XRP, DOGE, and 7 others |
| Fees | 0.99%–3.90% (transaction), $4.99 (card/Google Pay/Apple Pay) |
| Payment Methods | Debit cards, Apple Pay, SEPA, SWIFT, Skrill |
| Minimum Order | $30 |
Why Choose Coinmama?
- Beginner-Friendly: Straightforward buy/sell interface.
- Fast Verification: Accounts often approved within hours.
- Global Reach: Supports all fiat currencies and operates in 200+ countries.
How Coinmama Works
1. Registration & Verification
- Provide email, ID, and proof of address.
- Three verification tiers (up to $1M lifetime limits).
2. Purchasing Crypto
- Select a crypto (e.g., BTC), enter fiat amount, and lock in rates instantly.
- Funds sent directly to your external wallet—no custody risk.
3. Selling Crypto
- Bank transfers only (no cards/Google Pay).
👉 Compare wallets for your Coinmama purchases
Security & Trust
- Non-Custodial: Coinmama never holds your crypto.
- 2FA Optional: Enhances account safety.
- Transparency: Rated 4.4/5 on Trustpilot for customer support.
Past Incident: A 2019 data breach exposed emails/hashed passwords—now resolved with stricter protocols.
Fees & Loyalty Program
- Volume Discounts: Up to 25% off for high-volume traders.
- No Hidden Costs: Flat $4.99 fee for card payments.
Example: Buy $100 of BTC → Pay ~$3.90 (3.9%) + $4.99 = **$8.89 total**.
Pros and Cons
| ✅ Pros | ❌ Cons |
|---|---|
| Easy for beginners | Limited crypto selection |
| Low minimum order | No mobile app |
| 24/7 customer support | Fees unclear on website |
FAQ
1. Is Coinmama safe?
Yes—it uses SSL encryption, requires KYC, and doesn’t store crypto.
2. What wallets work with Coinmama?
- Hardware: Ledger, Trezor
- Software: MetaMask, Trust Wallet
3. Can I sell crypto for cash?
Yes, via bank transfer (excludes cards/Apple Pay).
4. Are there deposit fees?
No—you pay directly per transaction (no pre-funded balance).
Final Verdict
Best for: New investors seeking a simple, secure way to buy major cryptos. Not ideal for: Advanced traders wanting hundreds of altcoins or staking.
👉 Explore alternatives to Coinmama
Tip: Always research wallets and compare fees before trading!