Coinmama is a leading non-custodial cryptocurrency broker headquartered in Israel, offering a streamlined platform for buying and selling digital assets. With over 2.2 million users across 190 countries, Coinmama stands out for its fast-track verification, high security, and ease of use—especially for credit/debit card purchases.
Key Features of Coinmama
- Global Availability: Operates in the US (where approved) and 190 other countries.
- Payment Options: Credit/debit cards, bank transfers (SEPA, SWIFT, Faster Payments).
- Supported Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and 6 others.
- Regulation: Licensed by FinCEN (US) and compliant with AML/KYC standards.
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How to Use Coinmama: 3 Simple Steps
1. Register & Verify Your Account
- Sign up at Coinmama.com.
- Upload ID (passport, driver’s license) and a selfie for verification.
2. Deposit Funds
- Link a credit/debit card or bank account.
- No wallet? Set up an external wallet first (e.g., Ledger, Trezor).
3. Buy Crypto
- Select cryptocurrency and payment method.
- Enter wallet address and confirm transaction.
Coinmama vs. Competitors
| Feature | Coinmama | Competitors |
|----------------|--------------------------|--------------------------|
| Fees | 5% for cards, 0% for bank transfers | Lower trading fees |
| Security | No hacks, FinCEN-regulated | Varies by exchange |
| Ease of Use| Beginner-friendly | Complex for beginners |
Security & Regulation
- Encryption: HTTPS certification and cold wallet storage.
- Reputation: No major security breaches since 2013.
- Compliance: Adheres to US and EU financial regulations.
Supported Cryptocurrencies & Payment Methods
Cryptocurrencies
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Cardano (ADA)
Payment Limits
- Daily: Up to $30,000 (bank transfers).
- Monthly: $100,000 (Level 3 verified accounts).
Pros & Cons
✅ Pros
- Fast verification (<10 mins).
- Credit/debit card support.
- High liquidity for instant purchases.
❌ Cons
- No crypto-to-crypto trading.
- Higher fees for card purchases.
FAQ
1. How long do Coinmama transactions take?
- Bitcoin purchases: Delivered within 10 minutes.
2. Can US residents use Coinmama?
- Yes, but only in approved states.
3. Does Coinmama offer a wallet?
- No—users must provide their own wallet address.
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Final Verdict
Coinmama is ideal for beginners and advanced users seeking quick, secure crypto purchases. While fees are higher than some exchanges, its regulatory compliance and user-friendly interface make it a top choice.
Tip: Always use a hardware wallet for added security.
### Keywords Integrated
- Cryptocurrency exchange
- Buy Bitcoin
- Non-custodial broker
- Coinmama fees
- FinCEN-regulated
- Credit card purchases