What is coinmama and how does it work?

Coinmama is a cryptocurrency exchange that was formed in 2013. Coinmama is registered in Slovakia but is owned by New Bit Ventures Limited that is headquartered in Israel. It operates in 188 countries worldwide, and is available in 24 US States. It provides users with a platform to purchase Bitcoin and Ethereum using credit and debit cards.

Does coinmama use Apple Pay?

In September 2020, Coinmama reached a deal with Apple to allow the use of Apple Pay for crypto purchases. Simplicity. Unlike many other exchanges, Coinmama doesn't facilitate transactions between buyers and sellers; all cryptocurrencies sold are from Coinmama’s own inventory, so the transaction is between users and the company.

Does coinmama charge a fee?

Coinmama doesn’t offer storage for user funds, while BlockFi offers its own crypto wallet. BlockFi does not charge trading fees, though users may pay spread fees and withdrawal fees. Coinmama charges percentage-based fees for each buy and sell transaction as well as spread fees.

What cryptocurrencies can I buy on coinmama?

Your minimum for your first order drops to $30 if you pay with credit card, debit card, Apple Pay or Google Pay, but you'll be charged a 4.99% fee, and consecutive order minimums go back up to $50. Coinmama users can buy 15 cryptocurrencies: BTC, ETH, DOGE, UNI, AAVE, LINK, ETC, BCH, COMP, EOS, LTC, OMG, WBTC, LRC and NMR.