Coinmama

Company information

Company name
Coinmama
Website
coinmama.com
Company Headquarters
Dublin, Ireland
Account Minimum
$0

Coinmama

Ratings :
3.5/5

Coinmama has 3,000,000 customers from approximately 188 countries. It is a trusted cryptocurrency broker that was established in 2013. They are ranked among the top cryptocurrency exchanges even though their biggest drawback is the availability of limited cryptocurrency coins. This broker is known for its fast transactions, multiple payment methods, and best customer services.

Currencies available on Coinmama:

Coinmama offers very few crypto coins on their platform, but there might be more added in the future. Currently, these are the cryptocurrencies available at Coinmama:

  1. Bitcoin
  2. Ethereum
  3. Bitcoin Cash
  4. Cardano
  5. Dogecoin
  6. Litecoin
  7. Tezos
  8. Ripple
  9. Uniswap
  10. Chainlink

Pros and Cons

Pros

  • Their best service area is the customer support they offer to their clients. The customer reviews for this broker’s customer services were great and their clients seemed to be happy and satisfied working with Coinmama. They can be contacted through email and also have a help center where frequently asked questions are available to get the basic information.
  • Coinmama offers multiple payment options that earn them a large number of customers. Their payment options include Visa or Mastercard credit cards as well. Due to this feature, many customers can use this platform for their cryptocurrency trading.
  • They have a worldwide reach of customers. Offering their services in many countries around the world allows interested individuals from even remote areas to work with this broker and invest in cryptocurrencies.

Cons

  • Even though various payment options seem like an advantage to many, the interest rates could be higher for Visa or MasterCard payments that might not be beneficial for many.
  • They do not offer a mobile platform which might put off potential clients. Their trading platform is only available on the web.
  • Another drawback of this broker is that they do not offer a crypto wallet.
  • The exchange on this platform is done between the company and investors, through Coinmama’s inventory. It does not allow direct buyer-to-seller trading or crypto-to-crypto trading on its platform.
  • Moreover, they have high charges for trading as compared to others. With trading charges up to 5.9% and deposit fees for credit cards being 5%, this broker lies on the costly side of the crypto broker industry.
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