CoinMama Review

CoinMama Review
Popularity9.0
Features9.0
Value9.5
Safety9.9
Usability9.5
User Score
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895 votes
Overall Score9.5

CoinMama is not like any other Bitcoin exchange where you can buy and sell from other listed users online.
CoinMama is a simple and regulated site that supports a wide variety of countries worldwide where you can buy Bitcoin and Ethereum.
CoinMama support purchasing Bitcoin via credit card, debit card, cache and western union.
As for fees, the price you will see at CoinMama’s website will be plus 6.7% which is the current Bitcoin price + buying fee.
For credit card transactions, CoinMama charges 5% additional fee (minimum 10 USD).









Features

  • Mobile Site offer great and simple process of buying Bitcoins via Credit Card.
  • A variety of deposit and withdrawal methods - cradit card, Western Union or cache.

Sign Up Process

Very easy signup process which took us 2 minutes to complete.
The site offers a very simple way to buy Bitcoins using a Credit Card.

Fees

CoinMama charges the folloing fees.

Fee
Total Cost
Remarks
Credit / Debit Card Buys
above 10%

Pros and Cons

prosPros of CoinMama
  • Fast and intuative process of buing Bitcoins.
  • Secure Transactions.
  • Regulated.
consCons of CoinMama
  • High fees.
  • No support for other cryptocurrencies except Ethereum.
  • Currently cannot sell Bitcoins.


The Verdict

If you want simple way just to buy Bitcoins using a Credit Card and you dont want to start understanding how bitcoin exchanges work - boring stuff like transaction fees, ask and bid and so on CoinMama is a great option.