Coinmama Review: A Secure Platform to Buy and Sell Cryptocurrency

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Cryptocurrency adoption continues to grow, and platforms that simplify access to digital assets are more important than ever. Coinmama stands out as a trusted, non-custodial broker that enables users to buy and sell crypto with ease. Based in Israel and operating in over 190 countries, Coinmama has built a solid reputation since its founding in 2013. While it doesn’t offer advanced trading features, its focus on security, fast transactions, and regulatory compliance makes it ideal for both beginners and experienced users looking for a straightforward way to enter the crypto market.

How to Sign Up on Coinmama in 3 Simple Steps

Getting started with Coinmama is quick and intuitive. Follow these steps to begin purchasing cryptocurrency within minutes.

Step 1: Register and Verify Your Identity

Visit the official Coinmama website and click “Sign Up.” Enter your email address, create a password, provide your full name, and select your country of residence. After submitting your details, confirm your email via the verification link sent to your inbox.

Next, complete the KYC (Know Your Customer) process by uploading a government-issued ID—such as a passport, national ID card, or driver’s license—along with a selfie for identity verification. This step ensures regulatory compliance and enhances platform security.

Step 2: Make a Deposit

Coinmama supports direct cryptocurrency purchases rather than traditional deposits into an exchange wallet. Before buying, ensure you have a personal crypto wallet set up—this is mandatory, as Coinmama does not store funds on behalf of users.

Once logged in, click the “Buy” button to proceed. You can also link your bank account for smoother transactions, depending on your region.

Step 3: Purchase Your Cryptocurrency

Select the digital asset you wish to buy (e.g., Bitcoin, Ethereum), choose your fiat currency (USD, EUR, GBP, etc.), and enter the amount. Pick your preferred payment method—credit/debit card or bank transfer—and click “Buy Now.”

You’ll then be prompted to enter your wallet address. Double-check this information carefully. After confirming your payment details, finalize the transaction. Coins are typically delivered within minutes directly to your external wallet.

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What Sets Coinmama Apart from Other Exchanges?

Unlike many platforms that offer complex trading pairs and margin options, Coinmama focuses exclusively on enabling simple, secure purchases and sales of cryptocurrency. It’s one of the few brokers licensed to operate in multiple U.S. states, adding a layer of legitimacy often missing from smaller exchanges.

While its fees—especially for card payments—are higher than average, the trade-off comes in the form of speed, reliability, and accessibility. For users prioritizing ease of use over low-cost trading, Coinmama remains a compelling option.

A Brief History of Coinmama

Founded in 2013 and originally registered in Slovakia, Coinmama quickly gained recognition as one of the first platforms to allow credit card purchases of Bitcoin. Today, it's headquartered in Israel and operated by NBV International, a subsidiary of New Bit Ventures Ltd.

In 2019, Coinmama expanded its offerings by adding support for Tezos (XTZ) and EOS (EOS), broadening its appeal across global markets. That same year, it introduced Bitcoin selling capabilities for users in SEPA-supported European countries, allowing them to convert BTC directly into euros deposited into their bank accounts.

Regulation and Security: Is Coinmama Safe?

Safety is a top priority for any crypto platform—and Coinmama delivers.

The company is registered in Israel and regulated in the United States under the Financial Crimes Enforcement Network (FinCEN), part of the U.S. Department of the Treasury. This oversight helps prevent money laundering, fraud, and terrorist financing.

Coinmama uses full encryption for all personal data and never stores credit card information on its servers. Its website is HTTPS-secured, and two-factor authentication (2FA) is strongly recommended for all users.

Although the platform experienced a data breach in 2019, only email addresses were compromised—no financial data or user funds were affected. Since then, no major security incidents have been reported.

User Reputation and Trust

With over 2.2 million users worldwide and operations in nearly 200 countries—including more than 24 U.S. states—Coinmama has established itself as a reliable gateway into the crypto space. It’s especially popular among those seeking to buy Bitcoin with Visa or Mastercard without technical complexity.

Who Is Coinmama For?

Beginners: Simple and Intuitive

Newcomers appreciate Coinmama’s clean interface free from confusing charts or advanced tools. The straightforward buy-and-send model removes barriers to entry, making it perfect for first-time buyers.

Advanced Users: Fast Delivery and Flexibility

Experienced traders value instant delivery of purchased assets directly to their hardware wallets. EU-based users can also sell Bitcoin via SEPA transfers, providing liquidity when needed.

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Supported Cryptocurrencies and Wallet Integration

Coinmama does not provide a built-in wallet service—it's a non-custodial broker. This means users must have their own wallets to receive purchased crypto.

Supported Cryptocurrencies

You can buy or sell the following assets:

Multi-currency support includes AUD, CAD, EUR, JPY, GBP, and USD.

Compatible Wallet Formats

Coinmama works with various wallet types:

Always verify your wallet address via confirmation email before finalizing transactions.

Fees, Payment Methods & Transaction Limits

Fee Structure

While card fees are high compared to some competitors, they can be reduced through the loyalty program.

Available Payment Options

Supported methods include:

PayPal is not supported at this time.

Account Verification Levels and Limits

Transaction limits depend on your verification level:

Level 1 (Basic):

Level 2 (Intermediate):

Level 3 (Full):

Higher levels require additional documentation submitted through customer support.

Features and Functionality

Loyalty Program

Frequent users can earn fee discounts:

Affiliate Program

Earn 15% commission on fees paid by referrals—for life. Payouts occur monthly once earnings reach $100.

No Mobile App or API

Currently, Coinmama operates solely through its web platform with no native mobile app or public API.

Educational Resources

The help center offers free tutorials on blockchain basics, buying crypto, and platform usage—ideal for beginners.

Frequently Asked Questions

How long does it take to receive purchased Bitcoin?
Typically less than ten minutes after payment confirmation.

Can I pay with cryptocurrency?
No. Coinmama only accepts fiat payments via credit/debit cards and bank transfers.

Is Coinmama available in the U.S.?
Yes—but only in states where it holds money transmitter licenses.

Does Coinmama have a wallet?
No. It’s a non-custodial broker; you must provide your own wallet address for receiving funds.

Can I sell cryptocurrencies other than Bitcoin?
Currently, only Bitcoin can be sold directly to Coinmama via SEPA transfer in supported EU countries.

Are there hidden fees?
No hidden charges. The 5% card fee covers processing; bank transfers are free.

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