The best features of Coinmama include global availability, instant buy/sell, a tiered verification system, its non-custodial model, multiple payment options, and Coinmama academy. Additionally, the platform uses standard security measures such as SSL encryption and two-factor authentication (2FA) and does not hold users’ funds directly, which reduces risk exposure. Instead, it facilitates instant crypto purchases sent directly to the user’s wallet, offering a simplified, user-friendly service tailored for beginners and retail buyers.
After all, we would suggest that eToro is the best trading platform to trade cryptocurrencies in 2025. Verified eToro clients can transfer crypto-coins from the eToro trading platform to the eToro wallet which supports Bitcoin, Bitcoin Cash, Ethereum, XRP, Litecoin, and XLM. Before you commit to signing up with Coinmama we recommend taking a wider perspective to see whether there is a better online trading platform or crypto exchange that fits your needs.
Customer Support and Education
- The KYC process begins during the final steps of your first crypto purchase or sale.
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- Higher tiers, achieved by more trading volume over a period (for example, $5,000 spent over 90 days), grant discounts on these fees.
- This approach enhances security because users alone hold their private keys, which are essential for accessing and managing their funds.
Coinmama has an educational resource called Coinmama Academy, a database of blog articles set up to help newcomers understand crypto. This stands out even among major platforms like Coinbase, which typically offer only two or three deposit methods per location. Coinmama offers an impressive range of deposit options in 44 fiat currencies that vary based on the region served.
- It operates transparently, without offering custodial wallets, requiring users to maintain their own secure crypto wallets.
- Each pathway comes with its own commission fee, and card payments are the most expensive.
- Coinmama’s transaction limits vary depending on your verification level, payment method, and regulations.
- The lack of clarity in its fee structure contributes to its reputation as one of the most expensive and least user-friendly exchanges.
- Coinmama is a non-custodial cryptocurrency broker exchange designed for users who prioritize ease and security over advanced trading features.
Coinmama Fees
If you need day‑trading tools, deep liquidity, or hundreds of assets, you may prefer other exchanges. It also helps residents in regions where other exchanges block card funding. Coinmama fits beginners who want to buy crypto quickly with household payment methods.
Buyers seeking lower fees or more coins can open accounts on Coinbase Kraken or Binance. Coinmama lets verified users sell Bitcoin and Ethereum back to fiat, wiring proceeds via SEPA or SWIFT. Advanced traders who require limit orders, staking, or margin trading will likely migrate to other crypto exchanges after making their first buy.
Multiple Payment Methods
Card deals carry a five percent processing surcharge plus the standard Coinmama fees that average five and a half percent on the coin price. Visa, Mastercard, and Google Pay clear small purchases in roughly two minutes, making them handy for buyers who want quick fills. Coinmama supports five payment rails that cover most day‑to‑day banking habits. Added regulatory oversight and a clean interface give crypto newcomers confidence during their initial purchases. All card data stays with certified payment processors rather than the Coinmama website which reduces the risk of data leakage.
eToro: Best Crypto Trading Platform with Low Fees
The best wallet for Coinmama crypto purchases depends on your preference for security and convenience. Coinmama does not charge any hidden or surprise fees beyond these, and users see the full breakdown before confirming transactions. The platform is transparent about its coinmama exchange review costs, including a spread fee, the commission fee, and payment processor fees.
Coinmama Spread Fee
Response times are very prompt and when it comes to business hours, account verification operates 24 hours a day 7 days a week. Coinmama accepts all types of bank cards from credit and debit cards to prepaid, gift cards, and virtual cards. Coinmama also accepts payments via Mastercard and Visa, however, Discover, American Express, and PayPal are not accepted payment methods.
As Coinmama’s fee structure is unclear, I wanted to test the fees for each of the above payment methods with $1000. Unlike platforms such as YouHodler or Gemini, which provide categorized listings of popular or different types of cryptocurrencies, Coinmama lacks this functionality. I appreciate the concept behind Coinmama, but its high fees make it an exchange I wouldn’t personally use.
Traders choose the quantity they wish to purchase with a range of payment options including Apple Pay which is very convenient and popular nowadays. Coinmama recommends ZenGo and Exodus which are hot wallets that give you access to your digital currencies and are stored either on your PC or online. Coinmama is not a crypto wallet provider which therefore means you have to research and choose your own wallet provider. The transaction limits are ongoing limitations which means that they apply to any specific 30-day or 24-hour period and are subject to your trading volumes.
The platform provided an address to copy and a QR code for mobile convenience to facilitate the transaction. To complete my tests, I decided to sell some of the crypto I had just purchased. Of this, Coinmama’s fee came to £11.37 or 11.39%, making it the most expensive exchange I’ve reviewed for buying crypto. Similar to most UK-compliant exchanges, Coinmama asks questions to confirm your understanding of crypto risks before allowing you to complete the transaction.
Fees
You can buy and sell several cryptocurrencies instantly and when you pay with a debit or credit card you can receive your coins within 10 minutes. Coinmama is a cryptocurrency exchange that hosts some of the largest trading volumes in the digital currency sector. Coinmama is a functional platform for buying and selling cryptocurrency. Additionally, only credit/debit cards and SWIFT payments were available for selling crypto, limiting the payment options.
The limited list makes it easier for beginners to focus on leading projects while removing many of the obscure tokens found on other crypto exchanges. Coins move straight to the wallet address you enter during checkout, and the firm never holds your private keys. In summary, we found that eToro is simply a better option as it has competitive fees and offers heaps more in comparison to Coinmama. Moreover, eToro supports other tradable assets and markets, including commission-free stock and ETF trading, forex, commodities, CFDs, and indices trading all under one live trading account. Unlike Coinmama, eToro has a crypto wallet that will save you the hassle of having to research and find a third-party wallet.
Enter your personal information including name, email address, and country of residence to continue. Once you have submitted your details for verification it usually takes up to an hour for the official thumbs up from the Coinmama HQ. Coinmama adheres to KYC compliance which helps to maintain the highest privacy and security regulations.
Coinmama Deposit Fees
Moreover, eToro also supports multiple e-wallets such as PayPal, Skrill, and Neteller. 67% of retail investor accounts lose money when trading CFDs with this provider. After careful consideration and extensive research here at TradingPlatforms, we concluded that the free trading platform eToro secures the number one spot on our list of top brokers for 2025. The most important element that springs to mind when it comes to selecting a crypto wallet is to do your research. Crypto wallets come in all shapes and sizes, with some allowing you to store multiple different altcoins whereas others support only one or two. Take a good-quality picture of the ID and upload it to your account for verification purposes.
Coinmama traders can purchase Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Cardano (ADA), Litecoin (LTC), Tezos (XTZ), Ripple (XRP), Dogecoin (DOGE). Active in the industry since 2017, he focuses on long-term holding, swing trading, and market cycles. Callum Kennard is a crypto trader and crypto journalist based in the UK.
It allows quick, direct purchases of major cryptocurrencies with instant delivery to your own wallet, supporting various payment methods including credit cards, bank transfers, and digital wallets. It does not hold users’ crypto funds, minimizing withdrawal fees by sending crypto directly to users’ wallets upon purchase. High fees and a small coin list are the chief drawbacks, yet many users accept those costs in exchange for speed, security, and multiple payment options.