Coinmama is a seasoned cryptocurrency exchange which was founded close to a decade ago in the year 2013 by Nimrod Gruber, Laurence Newman, and Ilan Schuster, this financial service makes it easy for traders to buy digital currencies from anywhere around the world (Coinmama offers its services in 190 countries). Coinmama has had a great impact in the cryptocurrency industry because to date, the company has served more than 3,200,000 users.
One great thing about Coinmama is that there is a wide range of payment options on their platform which users can use when purchasing cryptocurrencies such as Bitcoin and Ethereum, some of the payment methods include credit card, debit card, or wire transfer from their bank account.
Please note that Coinmama accepts all currencies but the rate is displayed on the platform in USD, EUR, GBP, CAD, AUD and JPY. but we accept all currencies, please note that if you pay with another currency, your bank may charge an exchange fee. Coinmama is a not a P2P platform and therefore it does not facilitate trades between buyers and sellers, what happens is that it sells cryptocurrencies out of its personal inventory.
Coinmama is strictly a crypto exchange and doesn’t hold user funds on its platform. Users must have a crypto wallet to initiate a transfer of funds. This security feature removes some of the risks users are exposed to when using a platform to store their funds.
Coinmama has extremely high fees. In addition to there being minimum order amounts, Coinmama charges users 2.93–3.9% for crypto purchases. This does not include any additional fees charged by your bank. Selling Bitcoin to Coinmama incurs the same fee structure, and Bitcoin is the only asset you can sell on the exchange. It is important to note that there are no crypto deposit or withdrawal fees because Coinmama does not hold any users’ assets on the exchange. See our Coinmama Login Guide.

How to register with Coinmama?

Registration for a Coinmama account is a prerequisite, meaning that for you to do any transaction on the platform, you must have successfully registered for a Coinmama account. In order for you to register, you must:
Visit the official Coinmama website at
Click on the red ‘Sign Up’ button.
Fill in the provided space with the following:
Country of Residence
Click on the ‘Create Account’ button to complete the registration process.
After successfully registering, there is need for you to verify your account by providing your personal information including some ID documents as well.
How to verify my Coinmama Account?
It is very important for you to verify your account because it unlocks a lot of things for users (Once verified, you’ll be able to buy – in total – up to 15,000 USD worth of bitcoin with credit/debit card) In order for you to verify your account, you must;
Visit the official Coinmama website at
Go to your account page and click on Verify my account on the left side.
You will be asked to upload a valid government ID along with a selfie containing the ID and a piece of paper bearing the text “Coinmama” and today’s date. Below is a list of acceptable documents:
An international non-US passport (double page)
A national ID card (both sides)
A driver’s license (both sides)
In order for you to avoid delays when verifying your account, you must make sure that your submitted documents are:
Visible in their entirety (all four corners of your document visible)
High-quality images (colour images, 300dpi resolution or higher)
Valid documents, with the expiry date clearly visible
Not bigger than 8MB each

Which cryptocurrencies does Coinmama offer?

Coinmama does not offer a wide range of cryptocurrencies on its platform but indications are that more cryptos will be added soon. Currently, there is a total of 10 cryptocurrencies supported on this platform which are:
Bitcoin Cash
Coinmama Loyalty Program
You can save with Coinmama through its loyalty program, this is a simple program which rewards you for being a loyal customer, that is, the more you buy or sell with Coinmama, the more you save. Please note that you do not have to opt in with the Coinmama loyalty program as enrolment is automatic.
Coinmama Loyalty has three levels of savings off our commission fees. Once you’ve been promoted to a new loyalty level, you can maintain your status by meeting a cumulative minimum purchase amount over a rolling 90-day period.
Loyalty level Discount on fees Required spend Fast support
Crypto Curious N/A N/A
Crypto Enthusiast 12.5% 5,000 USD (over 90 days) ✓
Crypto Believer* 25% 18,000 USD (over 90 days) or 50,000 USD (over lifetime) ✓
Coinmama Payment Methods
Coinmama allows you to purchase and sell cryptocurrencies with a variety of different payment methods. It is important to note that the exchange will continually add more payment methods but the ones below are the ones supported on the platform so far:
SEPA Instant
SWIFT (Global)
SWIFT Fast Payment
Open Banking (UK)
Bank card
Apple Pay
Google Pa
Coinmama Customer Support
Coinmama needs to work on its customer support because there are still some communication channels they can still provide on its platform. At the present moment, you can get in touch with Coinmama via;
Contact Form
Phone: +1 (650) 600-9939 (California)
Help Centre