#Coinmama live chat | Explore Tumblr posts and blogs

jajiy-blog · 5 years ago

Text

Easily Buy Bitcoins in South Africa

With such a lot of Bitcoin trade structures to hand, you could without difficulty be harassed. There are a few stuff you’d need to consider earlier than selecting a Bitcoin trade in South Africa. They're as follows:

Make certain that the platform is like minded with South Africa. In that case, then examine up on guidelines if any. SARB or the South African Reserve financial institution doesn’t have any regulatory structure to house or reveal virtual currencies. But, what an man or woman does is at their own volition and hazard. But following those steps would hold you as safe as feasible.

Have a examine the safety protocols accompanied via that platform such as PGP encryption and 2-issue authentication. Research for times of that platform getting hacked or any suspicious sports connected with that platform.

Continually have a look at the first-class print to see the transaction cost. Trading and transaction costs fluctuate relying at the platform.

Check if there are any boundaries to the wide variety of transactions or amount of Bitcoin you can buy. Some exchanges have a 24-hour period window for withdrawal in conjunction with different nuances as nicely.

Take a look at the range of currencies they aid.

Ensure that the platform you are selecting has a credible after-sale and customer service with the intention to quickly respond and remedy issues. Research for the customer response time of exchanges or for person opinions of that platform.

Scour thru Bitcoin groups and on line forums to test out the opinions of diverse systems.

Popular exchanges in South Africa:

These are a number of the famous Bitcoin exchanges and systems to shop for Bitcoin in South Africa.

EToro:

Professionals and Cons

Execs

Short transaction

You can tune trader footprint

You can chat online

CySEC regulated web site

Cons

The deposit has to be in USD

Deposit quantity is $50

Higher withdrawal price

Coinmama:

Pros and Cons

Pros

They may be lively in over a hundred and eighty nations

They permit coins deposits

Short transaction inside mins

Cons

Expenses may be as high as 12%

Griffex.Co

Professionals and Cons

Execs

Low transaction fees

Fast KYC

Rewards for transactions

Comfy pockets

Credit score/Debit playing cards and cord Transfers

Cons

No longer many cryptocurrencies supported

Purchase Bitcoin

LocalBitcoins.Com

Pros and Cons

Professionals

You can discover dealers to your vicinity

You could pay with fiat if you wish to

Alternate costs are truthful

Cons

Seller charge will range

It’s Bitcoin handiest

24 options

Professionals and Cons

Pros

You could alternate using ZAR

It's miles reputed

You could change whilst studying at the identical time

Cons

You have to make a minimal quantity of deposit amounting to $250 either with a debit card or a credit card.

Charges are implemented to trades and payments.

Shapeshift

Execs and Cons

Pros

Easy to apply interface

Quick transactions

Low transaction fees

Cons

You can only use digital currencies

A step-with the aid of-step guide to buying Bitcoin South Africa

Buy bitcoin in south africa

Select a Bitcoin wallet

Before you make a decision on investing in Bitcoin, you will need a Bitcoin pockets to begin. These wallets will help you store your personal keys which give you get admission to to the Bitcoin addresses.

There are any range of wallets accessible, here are some which you can choose from:

Hardware wallets like Ledger Nano X or Trezor can successfully hold your Bitcoin private keys secured in a way that it’s away from any malicious entities because these hardware wallets keep these keys offline, faraway from internet connectivity.

Desktop wallets like Exodus or Electrum are software programs which may be downloaded on your pc. They will store your personal keys for your gadget hard drive.

There are cell wallets too. Coinomi and Jaxx are popular ones which help you control Bitcoin in your mobile device structures like iOS and Android.

Griffex Wallets, Blockchain wallet and green cope with are three examples of web wallets. Those net wallets are ideal in case you want to use them for daily transactions.

Paper wallets will can help you print your BTC private and public keys. You could preserve the paper wallet saved someplace secure and get right of entry to them whilst you need to.

Check this: if you want to buy bitcoin in Austria

Select a cryptocurrency change or platform

This would decide the place you may be dealing with maximum of your Bitcoin assets. There are masses of platforms however pick out those globally encouraged and like minded with your united states of america’s forex.

There are 3 number one types of systems for Bitcoin or buying other cryptocurrencies:

Bitcoin brokers: they're frequently the perfect and quickest way to shop for and sell Bitcoins. They allow numerous payment methods in your purchases. You could both provide Fiat (crypto fans name paper money fiat) or different traditional techniques of payment. Agents with their consumer-friendly platforms permit familiar fee strategies for customers to assist them transfer their belongings. They've a better rate for his or her services. CoinSpot and Coinbase are of the fine-recognised broker systems for cryptocurrencies like Bitcoin.

Buying and selling Platform: Binance is a trading platform where the users can buy Bitcoin through different cryptocurrencies. Their provider fee is low instead of brokerage platforms. In addition they give you get admission to you to a varied variety of cash however you’d be required to very own different cryptocurrencies to use an exchange such as this. So, obviously, it isn't the first-class option for novices.

Peer-to-peer or P2P exchanges: these exchanges in reality do away with the intermediaries and allow users to alternate with each other. The vendor also can workout their freedom by specifying the rate they're searching out, their fee technique et al. These exchanges may even let you trade with an delivered layer of privacy. But, customers may ought to accept better costs rather than the marketplace assessment or change fee. Paxful and neighborhood Bitcoins are two such examples of P2P exchanges for Bitcoin.

Buy Bitcoin

This step might entail the finalization of your order which you'll be setting on your selected platform. For first time users, Bitcoin agents are the most convenient of all alternatives. To begin with, you’d need to signal-up for an account regardless of the website you pick out. There are unique units of policies that each of these systems have, so be sure to examine them up. For some systems, you’d be requested in your email deal with to signal-up or even asked for identity evidence together with contact statistics. That is a essential step you’d must follow with a view to get right of entry to their offerings.

Buy bitcoin in south africa

Once you are thru together with your verification, you will want to specify the amount of Bitcoin you’d want to purchase along with the payment approach you'll pick out. Overview the entire price and prices of the transaction earlier than placing your order.

The steps to be able to follow will depend upon the fee technique you've got chosen and the platform you're the use of. Keep reading the steps and verify your buy accordingly.

1 note · View note

tipco613 · 5 years ago

Photo

New Post has been published on http://cryptonewsuniverse.com/coinmama-review-2020-is-it-100-reliable-and-safe/

Coinmama Review 2020 Is it 100 Reliable and Safe?

Coinmama Review 2020 – Is it 100% Reliable and Safe?

Coinmama is a bitcoin and cryptocurrency exchange where you can buy Bitcoins via credit card,

debit card or bank wire, with availability to nearly anyone in the world. In this Coinmama review, we will go through all major questions and dilemmas around Coinmama: reviewing how Coinmama works, how to register and buy bitcoins on Coinmama, what coins and countries Coinmama supports plus many other topics around this crypto exchange. Coinmama is one of the oldest Bitcoin exchanges in business, and it has been selling Bitcoins via credit/debit cards for longer than any other company. We will take a deeper dive into workings of this exchange in our Coinmama review – so let’s go.

How Coinmama works?

Coinmama is different to many other exchanges in one major way: it doesn’t keep your coins in its own wallets after you buy them via their service. Rather, Coinmama sends them right away to your own wallet. This is a great deterrent for hackers as they have no incentive to attack Coinmama servers since they hold no cryptocurrencies.

Is Coinmama instant?

Buying process on Coinmama is very simple. There are couple of payment methods that are accepted and if you wondered if Coinmama is instant – the answer is yes – as soon as you make the payment, coins are on their way to your wallet.

Accepted payment methods on Coinmama

Various payment methods are supported as well, so Coinmama customers can invest in Bitcoin via Visa and MasterCard credit and debit cards and cash. One of the most important changes in the Bitcoin industry is how simple it has become to purchase Bitcoins with a credit card. This is mainly because of the fact that companies like Simplex have allowed brokers and exchanges to verify users with less risk. Coinmama integrates Simplex in its system and allows you to pay with any MasterCard or Visa you might have, which is a much welcomed change because, without this, you’d be bound to the old methods of actually going to your local Western Union counter and depositing money.

Bank account – SWIFT and SEPA

Aside of buying bitcoin with credit card on Coinmama, you can buy bitcoin or other crypto with the following methods as well:

Buy Bitcoin with Bank Account – You can buy Bitcoin with bank transfer using SEPA (Europe), SWIFT (worldwide), or Faster Payments (UK). Benefits of this payment method include higher spending limits plus low or no payment processing fees.

Buy Bitcoin with SEPA – Customers in Europe will use SEPA bank transfer to place orders of up to 30,000 USD at a time, depending on verification level. Unlike credit card orders, SEPA transfers carry no additional processing fee.

Buy Bitcoin with SWIFT – SWIFT transfers are aimed at global customers of Coinmama to buy Bitcoin directly from their bank account with daily limits of up to 30,000 USD depending on verification level, no processing fees on orders over 1,000 USD, and a low flat fee of 20 GBP on orders below 1,000 USD.

How to register and use Coinmama?

In order to use this exchange, you need to sign up first. Unlike some of its competitors, Coinmama has no mobile app yet and is only currently available as a website. On the other hand, it is on par with its competition in terms of KYC procedures – you need to be fully verified in order to buy crypto on Coinmama. Sign up process is easy – you go to Coinmama.com and click on register. Once you fill out the form, click next and finish the process. Don’t forget to confirm your email address by clicking the link Coinmama send to your email!

How to verify on Coinmama?

Another question we come across often is: how to get documents verified on Coinmama? You will have to upload official government issued ID and wait for Coinmama approval.

Coinmama requires the following steps in order to verify you:

all photos you upload need to visible in their entirety;

high quality images;

valid documents, with details like expiry date clearly visible;

maximum file size of 8MB.

Verification process usually takes couple of hours during the working time and a bit longer if you start your verification in the evenings or weekends. Coinmama has three tiers for its users, and each tier requires additional KYC requirements. Earn passive income with Quadency trading bot. Connect Binance account and use Quadency bot for 6 months completely free. Hurry up, this deal is not around for long!

Limit level 1: buying limit up to $ 15,000

Required documents for this category: -A selfie with valid government-issued ID-card-A note with “Coinmama” and date mentioned on it

Limit level 2: buying limit up to $50,000

On top of the tier 1 verification, you need to upload two government-issued ID card and scanned image of a utility bill that can be anything like electricity bills, gas bills, property tax receipts, bank statements, or credit card statement.

Limit level 3: Up to $100,000

How to Buy Bitcoin on Coinmama

Coinmama is a bit different than other exchanges when it comes to buying crypto. They do not store anything on their servers – not your credit card details nor your coins. So how do Coinmama purchases work? You create an order, choose how many bitcoin or other coins you want to buy and then proceed to the checkout page, where you enter your credit card details.

After finishing the payment, the cryptocurrency is sent immediately to the user’s private wallet address, not a wallet that is kept on Coinmama servers. The minimum purchase amount on Coinmama is 60 USD (or its equivalent in EUR) at present, although this is based on the price of Bitcoin. When you use other exchanges like Binance or Coinbase, your cryptocurrencies are stored inside the exchange’s wallet address, on their servers (which is highly inadvisable.). However, when you enter your payment details and buy crypto on Coinmama, your coins are instantly sent to your own wallet as soon as the payment goes through! Needless to say this is much safer for both you and the exchange (avoids the risk of being hacked).

Supported currencies on Coinmama

Coinmama accepts all major world currencies:

USD

EUR

British Pound

Canadian Dollars

Australian Dollars

You can buy these cryptocurrencies:

BTC

ETH

LTC

BCH

ETC

XRP

QTUM

ADA

What are Coinmama Fees?

Burning question for every crypto buyer are fees that platforms charge. As you might have already noticed in this Coinmama review, this exchange is setting itself apart from the rest in many respects, this one included. The fees are now lower because the process has become much more advanced. Just so you’ll get a perspective – before the change to credit cards was made, one Bitcoin would cost you $310 when the corresponding Bitstamp rate was only $257, which is a whooping 22% fee. Ouch! After changes were implemented fees are about 6.5%, which may still sound like a lot. However, if you look around at companies selling you Bitcoin with credit card as a payment method, you’ll see that it’s basically the same fee everywhere. The reason why fees are so high is because of expensive measures these companies have to deploy in order to avoid fraud and chargebacks.

Can you sell on Coinmama?

Yes, you can sell cryptocurrencies on Coinmama. You only need two things to do so: your cryptocurrency wallet and a bank account and Coinmama will take care of the whole process.

How to sell on Coinmama

You can sell bitcoin on Coinmama in four easy steps:

Log into your Coinmama account and click on “Sell” – Input your Coinmama login information, then choose the Sell option from your main account screen. If you don’t already have an account, you can register here.

Enter the Bitcoin amount you’d like to sell – Put in the Bitcoin quantity you’d like to sell to see the BTC conversion rate in your preferred currency. You can also enter a currency amount (such as USD or EUR) to see the Bitcoin quantity.

Make your order – Follow the prompts to create your order. Enter your bank country, account information, and personal details.

Transfer your coins – Send the exact amount of Bitcoin selected to the wallet address provided in a single transaction, or scan the QR code from your wallet app. Once we receive your coins, we will transfer the payout amount to the bank account you provided.

Coinmama customer support

A huge plus for this positive Coinmama review is their customer support that works mostly via live chat in the following working hours. If you need to contact Coinmama customer support outside these hours, you can either send an email, open a support ticket or even contact them on Facebook! There is also an extensive knowledgebase with FAQs which is very useful for the most common issues users have with the exchange.

You Get Your Bitcoins Instantly

The speed at which you get your coins is the last thing that gets dramatically improved. In the past, when you could buy Bitcoins with Western Union, you’d have to wait for a wire confirmation to arrive from Western Union. Today, you can withdraw your coins as soon as your payment has cleared, which is completely awesome. This is crucial, because sometimes a day or two can mean wide price fluctuations in Bitcoin. This means that you could end up purchasing coins for more or less than you intended. Keep in mind that there is a limit for first time users on how much you can buy (at the time or writing this limit is $5,000 per day, and up to $20,000 worth per month).

Can Coinmama be trusted – Security and Privacy

Coinmama stores your personal data on secured servers. Also, the site uses high-level encryption and authentication measures to ensure your details and money are safe. Coinmama allows its users buying less than $150 worth of Bitcoins without uploading pictures of an ID, but any amount over $150 worth of Bitcoins will require full identity verification.

Availability – What countries does Coinmama support?

Coinmama offers the service worldwide. You might have limited functions in some countries (for example, if a country shows up on a sanctions list maintained by the US Office of Foreign Assets Control (OFAC), UK Treasury, European Union, or United Nations, CoinMama will not operate there). However, overall, the service is available in the widest range of countries.

Is Coinmama Easy to Use?

It’s incredibly easy to buy Bitcoins at Coinmama, which is one of the reasons they’re so popular. That is why this Coinmama review will end on a good note for the exchange – there is simply nothing to complain about. When you visit Coinmama, you’ll notice that the UI is intuitive and simple, and that not one element is ambiguous or confusing. The site is simple, fast, and there are no obstacles aside from the verification requirements at various purchase volumes. All these things make for an ultra-easy buying process.

Conclusion – Should I use Coinmama and is it legit and safe?

In conclusion of this Coinmama review we can say that this is a reputable company, so the short answer is yes, Coinmama is legit and safe to buy crypto on it. The only downfall is its high fees, which unfortunately can’t be avoided when using a credit card at the moment. On the other hand, the long answer to the question is “it depends”. If you have the option to use a different payment method other than a credit card then I’d go elsewhere to avoid paying the high fees. All in all, the service is solid and hopefully in the near future, it will become more affordable.

FAQs

Is Coinmama safe and legit?

Yes, Coinmama is a safe and legit place to buy bitcoins and other offered coins like ETH, ADA, XRP, LTC, QTUM.

Where is Coinmama located and can it be trusted?

Coinmama was started in 2013 as a startup in Israel and has since expanded and served over 2m customers in over 180 countries with over 30 employees. Today, the company is registered in EU, more precisely in Slovakia while still owned and headquartered by New Bit Ventures in Israel.

How long does it take Coinmama to verify?

Initial level 1 verification on Coinmama usually takes 10 minutes. After this verification, you will have your bought bitcoins delivered instantly. However, level 2 and 3 verification may take up to six hours.

What states does Coinmama work?

Coinmama is available in the following US states: Arizona, California, Colorado, Florida, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Missouri, Montana, Nevada, New Jersey, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Wisconsin.

Does Coinmama require ID?

Yes. Coinmama requires 1 valid government issued ID and a selfie of yourself holding that ID and a note with “Coinmama” and today’s date written on it.

Can you sell on Coinmama?

Yes, you can sell bitcoins on Coinmama. Selling cryptocurrency with Coinmama is currently available to customers in Europe that are part of SEPA.

Is Coinmama an exchange or a wallet?

Coinmama is a crypto exchange where you can buy bitcoin and other coins instantly.

Does Coinmama have a mobile app (Android or iOS)?

No, currently you can access Coinmama only through a web-browser via their website. They also do not have a publicly available API integration which is the most common way apps and services interact with each other in online world.

Article Produced By Felix Kuester

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community – both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

https://captainaltcoin.com/coinmama-exchange-review/

#cryptocurrency #exchange #markethive

0 notes

prevajconsultants · 6 years ago

Text

RexCoin | A Multi-Purpose Cryptocurrency WordPress Theme (Technology)

CURRENT VERSION 1.0 (see Change log at the bottom of this page)

RexCoin, Multi-Purpose Cryptocurrency WordPress Theme

RexCoin is a CryptoCurrency Wordpress Theme. It is powerful, modern and bold, perfect for cryptocurrency blog, bitcoin news, cryptocoach, online magazine, crypto coach, blockchain specialist, initial coin offering (ICO), financial advisor, mining equipment sellers, cryptocurrencies, miners, bitcoins, ethereum, single cryptocurrency, cryptocurrency exchange, mining rig blog, mining farms, ICO advisor, ICO Agency, cryptocurrency trading market.

This theme is just for cryptocurrency maniacs ,bitcoin and ethereum miners, online cryptocurrency shop sellers and everyone else who follows the bulls and bears trends. And even for all people that just ask: What is a mining rig? How to mine Bitcoin?

Cryptocurrency WordPress features

RexCoin was made not only for crypto maniacs, but also for everyone who familiar with: video cards (Radeon or NVIDIA), graphics card, asics, accelerator cards. We strongly advise using only the trusted cryptocurrency exchanges like Poloniex, Bittrex, Gdax, Binance, Bitstamp, Cex.io, Kraken, Bitfinex, Coinbase, Cryptsy, Btc-e, Bitcoin Source, CoinMama, BitSquare, Gemini, LocalBitcoin, Kuna, BtcChina. Not even talking about the fact that within this cryptocurrency fever digital cash operations are irreversible, due the anonymity level most coins want to achieve. Gambling on cryptocurrencies is a lottery, so make sure you only invest in the most popular coins like Bitcoin (BCC), Bitcoin Cash (BCH), Stratis (STRAT), Monaco (MCO), Cardano (ADA), Litecoin (LTC), Nem (XEM), Iota (MIOTA), Ethereum(ETH), Verge (XVG), Zcash (ZEC), Dash, Monero (XMR), Stellar (XLM), Dogecoin(DOGE) – otherwise it is easy to lose your money. ThemeREX Donations is included into the theme pack. If you want to receive payments or donations online, this plugin will be a great option.

RexCoin – Cryptocurrency WordPress Key Features

Professional design

One-Click demo install

Modern, Flexible, Customizable

WordPress 4.0+ Tested and Approved

Built with HTML5 and CSS3 code

Cross-Browser Compatibility: FireFox, Safari, Chrome, IE10+

Slider Revolution & Swiper Slider included

Retina Images Support

User menu and Main menu support

Interactive Ajax Search

Flexible Colors & Typography

Layout Features:

100% Responsive & Mobile-friendly

Boxed and Fullwidth page layouts

WP Bakery Page Builder support – modify any page content easily

Customize Header and Footer Layouts in WP Bakery Page Builder

Advanced Blog Settings:

Multiple Blog Styles

Flexible Layout Options

20+ Post Animations

Customizable Blog Feed (choose from post types or categories)

Post views, likes and sharing buttons

Related Posts Section

Powerful Theme Framework:

Setting Inheritance and Override System

750+ Customizer Options

Custom Post Types

Custom Widget Sets

Custom Shortcodes

Custom Theme Options Panel

Optimized for best performance

...and many more!

Plugins Compatibility:

The GDPR Framework

WP Bakery Page Builder

WP Bakery Page Builder Extensions All in One

Essential Grid

WP Live Chat Support

M Chart

ThemeREX Donations

MailChimp for WP

Give Donation

Cryptocurrency Rocket Tools

Cryptocurrency Price Ticker Widget

ThemeREX Addons

Fontello & Image Icons

Google Fonts

Professional Support

Detailed Documentation

Regular Updates

And many more…

Cryptocurrency Clipart

depositphotos.com peopleimages.com flaticon.com All images are copyrighted to their respective owners. Images used in live preview are not included in the template.

Fonts

Google Fonts

PLEASE, NOTE! The theme is designed for free WordPress version downloaded at wordpress.org only. We do not guarantee the theme’s full compatibility with installations on Wordpress.com, due to limitations in website control and theme customization.

RexCoin’s Change log

04.09.2017 Version 1.0 – Release

from ThemeForest new Technology items https://ift.tt/2MShXSy via IFTTT https://goo.gl/1HBsYD

#@prevaj #WordPress Technology Themes #WordPress Website Templates #Responsive WordPress Themes #Word

0 notes

coin-river-blog · 7 years ago

Link

Despite criticism on cryptocurrency investment the number of investors is increasing. One of the main reasons behind this is the increase in the values of cryptocurrencies in the last week of December 2017. Here, it is pertinent to mention that almost all the cryptocurrencies touched their all-time high values in the last week of December and the first week of January 2018. Bitcoin was the top cryptocurrency with Ethereum and Ripple at the second and the third rank. This increase in the number of investors caused the establishment of many crypto exchanges and wallets for storing these currencies. The competition among various crypto exchanges is increasing with the passage of time with each exchnage offering various benefits to cryptocurrency investors.

Coinmama is also one of the top rated cryptocurrency exchanges that have huge customer database. It is the first choice of the users who want instant funds in their accounts. Coinmama was established in 2013 and is registered in Slovakia. Currently, Bit Ventures own this crypto exchange and is headquartered in Israel. One of the most attractive features of this crypto exchange that differentiates it from other exchanges is its worldwide operations. The exchange is operating in almost all the 200+ countries of the world including 24 American States. The users from all over the world can buy various cryptocurrencies from this exchange through their credit/debit cards. Earlier, it offered the facility of buying only Bitcoin and Ethereum but now has extended support for Litecoin, Cardano, Ethereum Classic, Bitcoin Cash, QTUM, and Ripple (XRP).

Following are the advantages and disadvantages of using this crypto exchange.

ADVANTAGES:

Like all other top rated crypto exchanges, Coinmama also offers a lot of advantages to its users. Some of those advantages are:

Acceptance of Fiat Currency

Easy Payment Methods

Instant Transfer of Funds

Easy User-Interface

High Level Security

Always Available Help and Support

1-Acceptance of Fiat Currency

The very first and the foremost advantage of using Coinmama is that unlike many other exchanges, it offers the users to buy cryptocurrency in exchange of fiat money. Most of the other exchanges allow users to buy cryptocurrency in exchange with some other cryptocurrency. No matter in which country you are living, the exchange allows you to buy cryptocurrency in exchange with local currency.

2-Easy Payment Methods

Another reason behind the success of this crypto exchange is that it allows the users to buy cryptocurrencies and accepts payments in various modes. Earlier, the exchange offered the facility of buying cryptocurrencies in exchange with funds transferred through Western Union. Recently, it has offered support for buying cryptocurrencies through credit/debit cards. It accepts both VISA and MASTER cards and allows the users to buy cryptocurrency of their own choice from any part of the world.

3-Instant Transfer of Funds in User Accounts

Customers’ reviews show that Coinmama has always remained the first choice of users who want their funds transferred instantly in their wallets. Almost, all other crypto exchanges store your purchased coins in third party wallets and the users have to transfer funds from that wallet to their personal wallets because third party wallets are not secure for keeping funds. Here, at Coinmama your funds are instantly transferred into your personal wallet once you enter the details of your cards.

4-Easy User-Interface

Another very attractive feature of Coinmama crypto exchange is that it has easy and user-friendly interface. Even the beginners can easily purchase and trade cryptocurrencies through its platform. There are many such crypto exchanges that are a lot difficult to use for the beginners because there are many charts, graphs, and statistics making these complicated. On the other hand, Coinmama’s buying process is also very simple and easy. The users can buy cryptocurrency of their choice after registering and verifying their account.

5-High Level Security

Security features of an exchange are always considered prime if you want to store cryptocurrency in a third party wallet. Also, the website should always be regulated by governmental bodies to save your funds. Coinmama is registered with FINCEN in US which shows that there is no danger of its being hacked by the hackers and if it happens the investigation process of the exchange follows the US laws. Coinmama has never been hacked; because it always keeps your credit/debit card numbers on a different server.

6-Always Available Help and Support

Last but not least Coinmama is also a preferred website of many users because the exchange offers readily available help and support for the users in case of any problem. As the exchange operates only through website, readily available support is offered to the users through this platform. There is the facility of live chat available. But, most of the people prefer to use email support. The response time of the support team is usually greater on weekends. On the other days, the support is available at 9:00 to 18:00 GMT+3.

DISADVANTAGES:

Along with many advantages, Coinmama has also some disadvantages that discourage the users. Some of these are:

No Support for Cryptocurrency Trading

High Transaction Fees

Supports Only a few Currencies

Available only as a Website

1-No Support for Cryptocurrency Trading

The very first disadvantage of using Coinmama is that the users cannot trade cryptocurrencies. It only offers buying facility but does not allow selling facility. On the other hand, exchanges like Coinbase, allow the users to trade and sell cryptocurrencies. Even, Coinbase allows selling cryptocurrencies in exchange with some fiat currencies.

2-High Transaction Fees

Coinmama is also not much popular with the users because of its high transaction fees. It takes 5.5% on every transaction that you will make. Also, the exchange takes 6% transaction fees if the users buy cryptocurrency through their credit/debit cards. The exact transaction fee depends on the amount of cryptocurrency you are buying from the exchange.

3-Supports Only a Few Cryptocurrencies

Another disadvantage of using Coinmama is that it offers the facility of buying limited number of cryptocurrencies. Earlier, the exchange allowed buying of Bitcoin and Ethereum but now it has extended support for Litecoin, Cardano, Bitcoin Cash, Ethereum Classic, Ripple (XRP), and some others.

4-Available Only as Website

Coinmama is also severely criticized by the users because it operates only as a website and has no mobile app. This makes its use limited because people prefer trading on the go through their cell phones. You have to register with the website to buy cryptocurrencies.

Steps for Buying Cryptocurrencies through Coinmama:

Buying cryptocurrencies was never as easy as is made by this crypto exchange. Following are some steps of buying cryptocurrency through this exchange.

The first and the foremost step in buying cryptocurrency through Coinmama is the registration with the exchange. It is quite simple and requires only users email ID. You will find register tab on the top right corner of the website. Clicking this tab will open a registration form. The users have to fill in their username, select a password, and enter his email ID for verification. Upon submission of the registration form, a link would be sent to the user’s email address. Clicking the link will complete the registration process. The users can buy $150 worth of any cryptocurrency upon this registration. But, if you want to buy large amount of cryptocurrencies you will have to go through KYC verification. This is because it allows users to buy $5000 worth of cryptocurrencies in a day and $20,000 worth of cryptocurrencies in a month.

After successful registration and KYC verification, the users can buy any cryptocurrency of their own choice. Logging into your account will take you to the next page where you will have to select the cryptocurrency of your own choice and also the currency in which you intend to pay. Here, it is pertinent to mention that Coinmama accepts payments in many fiat currencies if the users intend to buy cryptocurrencies through their debit/credit cards. Once you select the currencies, the exchange rate is displayed on the screen that makes it easy for the users to decide. The transaction fee will also be displayed here for users’ facility.

If you want to buy cryptocurrency of worth $150 or less, you can go through the process after registration. But if the amount of cryptocurrency you want to buy is greater than worth $150, you will have to complete your KYC verification. In this verification, the users will have to prove their identities through a supported governmental document like ID card, Passport number, Driving License, and also a visible selfie holding one of these documents. It takes about 10-20 minutes if the proof of identity is visible. After the verification completes, the users can buy cryptocurrencies of their own choice up to worth of $5000 per day and worth of $20,000 per month.

In conclusion, we can say that Coinmama is a good exchange to buy cryptocurrencies on the whole because it operates in almost all the countries of the world. Also, the exchange is worth using because of buying facility with credit/debit cards and also payment acceptance in many fiat currencies. The use of this exchange will further increase if it extends support for more cryptocurrencies and also offers a mobile application.

0 notes