Coinmama is a cryptocurrency exchange that has its headquarters in Slovakia. The Exchange was founded in 2013 with the aim of providing traders from across the globe with an easy-to-use trading platform for trading multiple digital currencies. The available digital currencies include Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos, EOS, and more. The Exchange is available in over 188 countries and offers its services to more than 2,300,000 registered traders. They also provide several trading and learning tools, while a customer support team is available to assist traders. Trading accounts can be opened with a required minimum deposit of $500, and there are several payment options available to clients.
Coinmama Review Introduction
In this Coinmama review, we will take a look at some of the most important factors worth considering when choosing a broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my broker reviews. You can also use my free trading tool to compare brokers including Coinmama.
Coinmama Platforms & Tools
Coinmama provides traders with a proprietary trading platform to enable them to trade multiple cryptocurrencies. The platform operates by transferring purchased coins directly to the buyers from the company’s holding while buying directly from the sellers instead of just matching buyers with the sellers. This helps to secure clients’ transactions, thus, giving the Exchange an edge over its competitors. The Coinmama trading platform is available in the web version, which eliminates the need to first download and install an application before trading since it can run directly on modem web browsers, such as Chrome, Safari, Firefox, and Edge.
Traders are also provided with useful trading tools, including the Bitcoin Calculator, to enable them to get the best out of their trades.
Coinmama Research & Education
Coinmama ensures that traders can make knowledgeable trading decisions by providing them with several learning materials, such as trading blogs, news, articles, and an FAQ section that is designed to answer most of the common questions that traders have.
Coinmama Trading Accounts
The Exchange offers a single live trading account on its website. Clients are not allowed to open multiple accounts. The minimum deposit required to operate an account is $500.
Coinmama Account Funding
Traders can deposit and withdraw funds to and from their trading accounts using any of the following payment methods: bank transfers, credit/debit cards, and e-payments.
Some payment methods may be absent in some specific countries, and the transaction processing time depends on the payment method in use.
Coinmama Customer Service
The Exchange has a customer support team that is always ready to respond to clients’ inquiries. They can be reached through email, social media, or by filling the form on the Exchange’s website.
Coinmama is a property of NBV International s.r.o, which is a daughter company of New Bit Ventures Limited, with company registration number, #514907880. Both companies are regulated entities registered as Money Service Businesses with the FinCEN registration numbers: New Bit Ventures Limited #31000084489239, and NBV International s.r.o #310000124311540. Transactions are carried out with NBV International s.r.o and processed by New Bit Ventures Limited.
Coinmama Review Summary
Coinmama is a digital currency exchange that was launched in 2013 and has continued to provide a global clientele with access to the cryptocurrency markets. The Exchange provides traders with its own trading platform that is available in the web version. Traders are provided with some trading tools and educational resources to improve their trading experience, while there is also a customer support team that is available to assist traders.
It is worth mentioning that some of the trading products and services in this Coinmama review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Coinmama broker website which you can visit by using the link below.
Trading in digital currencies and engaging in related leveraged transactions entails significant financial losses. You should not commit funds to trade in or leveraging digital tokens that you cannot afford to lose entirely. Market prices for digital currencies can be volatile and highly unpredictable.