What crypto does coinmama support?
Coinmama users can buy bitcoin, bitcoin cash, litecoin, ethereum, tezos, ripple, cardano, dogecoin, uniswap and chainlink. However, users can only sell bitcoin for fiat currency (such as U.S. dollars) on the exchange.
Coinmama sells 10 cryptocurrencies, including major coins like Bitcoin, Ethereum, and Litecoin, as well as less common coins like Qtum, Cardana, and Tezos.
Buying Ripple (XRP) with a Credit or Debit Card
Coinmama allows you to buy Ripple (XRP) with either a credit card or a debit card.
For new investors looking to get into the cryptocurrency trading game, Coinbase is probably a better choice than Coinmama. While Coinbase users pay a premium for the ease of use that the platform offers, it still ends up being cheaper than Coinmama, one of the most expensive exchanges out there.
Launched back in 2013, Coinmama is registered in Slovakia, while owners New Bit Ventures are based in Israel. The platform was established to create the simplest financial service in the crypto space. Since the genesis, Coinmama is trusted by over 2,300,000 people across 197 countries.
Coinmama customers from around the world can now buy Dogecoin with one of our many payment methods.
Because Coinmama is not a wallet provider, it's very important that you triple check the wallet address you provide us with when buying cryptocurrency. We do not keep or store any coins at Coinmama, and if you make a mistake when entering your wallet address, we will have no way of retrieving your coins.
For US users:
Coinmama allows you to buy XRP with a debit card, credit card, or bank wire transfer.
Coinbase suspended XRP trading on January 19 after the SEC accused Ripple Labs of unlawfully raking in more than $1.3 billion in profits by offering digital-asset securities that were not registered with the SEC. Ripple Labs argues that XRP is not a security, so it should be exonerated.
You can purchase XRP on several exchanges such as eToro, Kraken, and Huobi Global. Several U.S. exchanges have delisted or temporarily halted XRP trading.
What is wrong with Coinmama?
Coinmama has higher fees than some other providers, though these fees fall as the amount of crypto you purchase and the time you've been a customer increase. No crypto-to-crypto trading. Coinmama doesn't allow crypto-to-crypto transactions. To purchase crypto, you'll need to use fiat, such as USD or GBP.
Coinmama is available to users in 188 countries and 48 U.S. states, excluding Hawaii and New York. It gives customers the option to purchase crypto using credit cards, debit cards, bank transfers, Apple Pay, and Google Pay.
It's also important to do a thorough cryptocurrency exchange fee comparison. Analysing this metric in this Coinbase vs Coinmama comparison, it's clear that Coinmama has the lowest trading fee percentage of Up to 3.9%, while the second place goes to Coinbase with a fee of Up to 3.99%.
| Daily | Max. order amount | Max. order quantity |
|---|---|---|
| 💳 Bankcard limit (buy) | 7,500 USD | 5 |
| 🏛 Wire transfer (buy & sell) | 50,000 USD | 10 |
Coinmama, unfortunately, does not accept PayPal but only bank transfers, VISA, SEPA, MasterCard, Apple Pay, Google Pay, and Skrill. Those are the methods with which you can buy Bitcoin and other cryptos.
- Sign up or log into your Coinmama account.
- Select “sell” and enter the Bitcoin amount you're selling.
- Choose SWIFT as your payout method.
