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Continue reading to discover if Coinmama suits you. Before you continue, you may want to watch this video by Bitcoin Made Easy on YouTube that gives a quick review. Coinmama gives you access to 10 cryptocurrencies, including major and less-known coins. Coinmama lets you buy cryptocurrencies with fiat currency. This money is then sent to your wallet directly. Buy transaction fees can be as low as 2.

Sell transaction fees range from 0. You might feel overwhelmed by complex charts and data on other cryptocurrency exchanges if you are a beginner. Coinmama simplifies the process with its simple interface and design. Anyone can start buying crypto even without experience or a lot of knowledge about the different currencies. Once you set up an account and get verified, purchasing on the platform is a pretty straightforward process.

Transactions are processed within days after payment has been made. Coinmama is the fastest way to buy cryptocurrency. Unlike other crypto exchanges that require you to deposit fiat currency first before you can buy crypto, you can select the crypto that you want then pay during checkout, just like any online shopping experience. The crypto will then be sent directly to your external wallet. When selling crypto, you simply transfer funds from your external wallet to Coinmama, then the funds from the sale are sent directly to your bank account.

This transaction flow is simple and saves time, making it more convenient for users. Payment options include credit cards, debit cards, Apple Pay, Google Pay, and bank transfer. Coinmama is the first cryptocurrency exchange to accept credit and debit cards. This is in contrast to other exchanges that do not support card payments. Coinmama has a loyalty program that allows you to take advantage of lower rates and save money. The more you buy or sell over a rolling day period, the more the fees are reduced.

Coinmama allows you to spend up to 30, USD at a time, which is higher than other crypto exchanges. In other platforms, there can be some issues when buying large amounts of crypto, which is not the case with Coinmama. Your personal limit also increases as you buy more on the platform.

Your verification level determines your personal limit. These are the verification levels. They charge 3. However, you can take advantage of reduced rates through their loyalty program. The fees go down as you purchase more crypto on the platform. Coinmama will simply send coins to an external wallet that you own.

This means you need to set up your own personal wallet to store the cryptocurrencies you buy. An online wallet can be found easily through third-party providers. You simply need to share your wallet address with Coinmama when you purchase or sell coins.

This means that your personal information and funds are not available on the site. To avoid having your funds sent to the wrong address, be sure to enter your wallet address carefully. All the cryptocurrencies that are sold by Coinmama come from its inventory. The transaction is between the buyer and seller.

You may not find as many currencies on Coinmama as you would on other exchange platforms which have more than 50 currencies. After setting up your account and getting verified, you can immediately start buying and selling. Unlike other exchanges that require you to pre-fund your account, there is no need for you to do so. You will only need to deposit fiat currency first, then buy crypto and then transfer the funds into an external wallet.

To buy cryptocurrency, simply click Buy and select the coin you want to purchase. There will be options for exchange rates in your local currency. Coinmama sends the coins within 1 hour after both your payment and wallet address have been confirmed.

What is a Cryptocurrency Exchange? A cryptocurrency exchange is a service for changing digital currencies, such as Bitcoin, Ethereum, and more, to fiat paper currencies or for other digital currencies. At Coinmama, you can exchange your fiat currency, such as dollars or Euro, for several cryptocurrencies.

You can also exchange your Bitcoin for fiat. Why must I provide my personal details? Before creating your first order, we need to know a bit about you. As a financial service, Coinmama is committed to the highest security and privacy standards. This also helps us keep your account safe, fight fraud, and more. The process is called verification and is something everyone must go through before buying cryptocurrency anywhere.