Coinmama Review is it scam or safe?

71% of retail investor accounts lose money when trading CFDs with this provider. 77% of retail investor accounts lose money when trading CFDs with this provider. Hence, you can choose whatever platform you prefer to proceed with, like bank transfer, credit card, debit card, and more. If you decide to buy Bitcoin with a debit card, you’ll pay a processing fee of 5% on top of this. This also applies if you want to use a credit card to buy Bitcoin and other cryptocurrencies on Coinmama. In comparison to other leading fiat-to-crypto brokerages, Coinmama offers a wide range of cryptocurrencies, including Ripple/XRP and Cardano. Residents to buy cryptocurrency that is supported by fiat currencies, including euros and U.S. dollars.

This makes it a store with limited but expensive merchandise. Available for European Union and United Kingdom residents only, users can make purchases with a SEPA bank transfer. This could take up to two business days to deposit but will have considerably fewer fees than depositing with a credit or debit card. Although there is no processing fee, Coinmama will Coinmama Review charge a flat service fee of 5%. Coinmama makes buying digital assets simple, smooth and secure from anywhere in the world. You can easily buy and sell cryptocurrencies with a host of convenient payment methods. Getting set up takes just a few minutes and, if you get stuck, Coinmama has the friendliest customer support team in the industry standing by 24/7.

Calculate How Much You Can Afford to Invest

This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The vast wealth of addition does not stop here, with hourly price predictions proffered by the broker on all major cryptos, showing prediction confidence and success history.

Our information is based on independent research and may differ from what you see from a financial institution or service provider. When comparing offers or services, verify relevant information with the institution or provider’s site. There are other ways to convert your coin to cash, but they are too many to mention here. That said, for long-term cryptocurrency investors who prefer to buy and hold, Coinmama offers a solid trading platform.

Coinmama Customer support

Coinmama supports more than 188 countries worldwide, which is quite impressive. Check out my roundup of the best places to buy Bitcoin in the UK if you want to look through some more options. I’ve brought together everything I could find out about Coinmama. By the end of this Coinmama review, you’ll be able to decide for yourself if it’s the best place for you to buy Bitcoin . Crypto is unregulated in the UK; there’s no consumer protection; value can rise or fall; tax on profits may apply. The exchanger guarantees a fast-track verification that will be completed in several minutes. It is enough to press the Sign-up button located in the upper right corner and provide an email address, password, and select the country you are located in.

• Coinmama exclusively offers cryptocurrencies, listing a slightly disappointing 18 coins available to trade.
• The buyer receives bank details from the exchange and then digital currency gets delivered to the person’s wallet.
• Customers can select the ‘instant bank transfer’ option when purchasing cryptocurrencies, authenticating their identity through biometrics.
• This gives users the opportunity to safeguard their own cryptocurrency.

Coinmama allows earning Bitcoin for participation in the affiliate program offered by the exchange. People who attract new users to the platform will get 15% of Coinmama’s commission on all of the referral’s purchases.

Is Coinmama Legitimate?

79% of retail investor accounts lose money when trading CFDs with this provider. Trading spot currencies involves substantial risk and there is always the potential for loss. Because the risk factor is high in foreign exchange market trading, only genuine “risk” funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. Profit-sharing accounts are subject to a monthly performance fee per selected trading system.

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