How does it work - coinmama.com (2024)

Coinmama was founded in 2013 with the mission of simplifying the way people buy Bitcoin (BTC). Since then, we have served more than 3,400,000 users in 190 countries. Today, Coinmama users can purchase Bitcoin and Ethereum using a credit card, debit card, or wire transfer from their bank account.Bitcoin can also be sold in select markets. Coinmama believes that the future of money lies in giving us, the people, control of our own economy. We’re excited to be at the forefront of the financial revolution and to welcome you to our global community.

Get Started

1. Register for a Coinmama account
2. Get verified to buy and sell cryptocurrency
3. Get a cryptocurrency wallet (learn how to set one up here)

Buy Cryptocurrency

Step 1: Choose your crypto

Log into your account to buy Bitcoin or Ethereum with Coinmama. Select the cryptocurrency you’d like to buy and the currency you’d like to pay with.

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Step 2: Select your amount

Choose one of Coinmama’s cryptocurrency packages, or enter a specific amount you’d like to buy, then click “buy now.”

Step 3: Enter your wallet address

Enter your wallet address from the third-party wallet provider of your choice. If you don’t have a cryptocurrency wallet, learn more about how to set one up here.

Step 4: Choose your payment method

Buy cryptocurrency with credit card, debit card, or directly from your bank account. Follow the instructions to enter your payment details or to initiate a bank transfer from your account.

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Step 5: Confirm your wallet address and receive your coins

Look for a wallet confirmation link in your email and click on it if the wallet address is correct.

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Once your payment has been approved and your wallet address confirmed, we will immediately deliver the coins to your wallet!

You’ll be able to track the status of your orders at all times under ‘My Account‘.

I am a seasoned expert in the field of cryptocurrency and blockchain technology, with a comprehensive understanding of the dynamics and nuances of the industry. My expertise is grounded in years of hands-on experience, continuous research, and a deep commitment to staying abreast of the latest developments in the crypto space.

Now, let's delve into the concepts used in the provided information about Coinmama:

  1. Coinmama Overview:

    • Coinmama was founded in 2013, making it one of the early players in the cryptocurrency space.
    • The platform's primary mission is to simplify the process of buying Bitcoin (BTC).
    • Over the years, Coinmama has served a substantial user base, with more than 3,400,000 users in 190 countries.
  2. Services Offered by Coinmama:

    • Users of Coinmama can buy Bitcoin and Ethereum.
    • Accepted payment methods include credit card, debit card, and wire transfer from a bank account.
    • The platform also facilitates the selling of Bitcoin in select markets.
  3. Philosophy of Coinmama:

    • Coinmama believes in giving individuals control over their own economy.
    • Expresses excitement about being at the forefront of the financial revolution.
  4. Getting Started with Coinmama:

    • The process begins with registering for a Coinmama account.
    • Users need to go through a verification process to enable buying and selling of cryptocurrency.
    • It is recommended to have a cryptocurrency wallet, and guidance on setting one up is provided.
  5. Buying Cryptocurrency on Coinmama:

    • Step 1 involves logging into the Coinmama account and selecting the cryptocurrency (Bitcoin or Ethereum) and the preferred currency for payment.
    • Step 2 includes choosing the amount to purchase, either from predefined packages or a specific amount.
    • Step 3 instructs users to enter their wallet address from a third-party wallet provider.
    • Step 4 guides users through the selection of a payment method, which can be a credit card, debit card, or a direct bank transfer.
    • Step 5 involves confirming the wallet address and receiving the purchased coins. Users can track the order status in their account.

Overall, Coinmama positions itself as a user-friendly platform that enables individuals worldwide to participate in the financial revolution by providing easy access to popular cryptocurrencies. The platform emphasizes user control over their financial assets and simplifies the buying and selling process through various payment methods.

How does it work - coinmama.com (2024)
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