Registered in Slovakia, Coinmama is an online financial services provider that offers different digital currencies, such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos and EOS, and more, to a global clientele. They provide traders with a platform for exchanging their various coins.
Coinmama Review, Pros & Cons
- Multiple cryptocurrencies
- A range of useful trading tools
- Educational resources
- No USA clients
- Cryptocurrency trading only
- No MetaTrader or cTrader trading platforms
- Minimum $500 deposit
In this detailed Coinmama review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Since its launch in 2013, Coinmama has grown into an established cryptocurrency exchange used by over 2,300,000 people across 188 countries. They offer an easy way to trade a wide variety of digital currencies. Clients are provided with a range of trading and learning tools, as well as a client support team.
Coinmama is a property of NBV International s.r.o., which is a daughter company of New Bit Ventures Ltd, with company #514907880. Both companies are regulated entities registered as Money Service Businesses with the FinCEN (New Bit Ventures Ltd #31000084489239, NBV International s.r.o #31000124311540). Transactions are carried out with NBV international s.r.o. and processed by New Bit Ventures Ltd.
The broker does not offer its services to residents of countries or jurisdictions where the use of such services would be contrary to local laws or regulations.
Some Coinmama features and products mentioned within this Coinmama review may not be available to traders from certain countries because of legal restrictions.
The Exchange provides users with a platform to purchase Bitcoin and Ethereum using credit and debit cards. All purchases of cryptocurrency by customers are transferred directly from the company’s own holdings, making transactions more secure than some of its competitors. At present, Coinmama is only available as a website, with no mobile app available at this time.
Coinmama Trading Tools
Clients are provided with a range of useful trading tools that are designed to enhance their trading process, such as the Bitcoin Calculator.
There is a vast collection of educational materials on the Coinmama’s website, which can help traders to improve their trading knowledge whilst updating them on the latest happening in the markets. These include trading blogs, news, articles, an FAQ section, and more.
The following cryptocurrencies are offered by the Exchange: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos and EOS, and more
Coinmama Accounts & Fees
Coin mama offers one live trading account for trading on their website.
As broker fees can vary and change, there may be additional fees that are not listed in this Coinmama review. It is imperative to ensure that you check and understand all of the latest information before you open a Coinmama broker account for online trading.
The Exchange offers a professional customer support team that can be reached via email, social media, or by filling the form on the Exchange’s website.
Coinmama Deposit & Withdrawal
The following payment methods are available for deposit and withdrawals at Coinmama: bank transfers, credit/debit cards, and e-payments
Coinmama Account Opening
You can open a trading account by clicking on the Sign Up button on the Exchange’s homepage and fill your email and password and then proceed to complete your account application form.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Coinmama is a cryptocurrency exchange that has been in operation in Slovakia since 2013, giving traders access to trade a wide variety of digital assets online. They also provide traders with a range of trading tools, educational materials, and a customer support team.
Trading in digital currencies and engaging in related leveraged transactions entails significant financial losses. You should not commit funds to trade in or leveraging digital tokens that you cannot afford to lose entirely. Market prices for digital currencies can be volatile and highly unpredictable.