CoinMama Buying Guide & Review Verified
Coinmama is a financial service that makes it fast, safe and fun to buy digital currency, anywhere in the world. They have been up and running since 2013 and have created the simplest, most easy-to-use platform to buy your Bitcoins – spoken in a language you can understand, and backed by customer service you can count on.
What makes CoinMama so good?
Credit Card/Debit Card: CoinMama was one of the first brokerages to accept credit/debit cards. This is probably the most sought out payment method amongst new Bitcoin buyers.
Fees: CoinMama has the lowest fees right now when it comes to buying Bitcoin with a credit/debit card. Fees are currently at 5.5% per transaction. You may think its high, but remember, companies take a lot of risk when accepting credit cards. Also, you won’t find another company that will offer this low of a fee and send you your Bitcoin instantly!
Customer Support: CoinMama is focused on being a customer-centric company. I’m a huge “support” guy, and will never use a company with lack of customer support. Especially when it comes to buying Bitcoin as problems may arise.
Interface: CoinMama has probably the easiest to use interface when it comes to buying Bitcoin with a credit card. You’ll see when you sign up!
- Funds: CoinMama will immediately send you your Bitcoin after payment has been verified! This is always a huge plus! You will never need to worry about receiving your Bitcoin
It’s really a no-brainer to use CoinMama if you plan on buying Bitcoin with a credit card. From their terrific customer support to instant payouts, they have definitely made a name for themselves.
CoinMama Guide - 2018 edition
Step 1. Register
- Click here to go to CoinMama. The registration is on the homepage, you will see it right away.
- Fill out your e-mail, full name, password and select your country.
- You will get a confirmation e-mail, just click the link to confirm.
- You should now be fully registered!
Step 2. Verification
CoinMama requires you to be verified in order to buy Bitcoin. Don’t worry, as this usually takes no longer than 24 hours, and is only a “one-time” thing.
- When you’re logined, click the “My Account” tab on the top right.
- On the left sidebar, you will see “Verify your account”, click that. You should see the verification page.
- Fill out all the details. Its just basic information(Full Name, Date of Birth and Address).
- You will also need a valid ID(Driving License, National/State IDs and non-US Passports.
- You will be required to fill in your ID Issuing Country, ID Number and ID Expiration Date.
- Lastly, you will need to upload 3 photos: Front of ID, Back of ID, and a Selfie of you holding your ID with a note saying “CoinMama” and todays date.
- Verification typically takes less than 24 hours, worst case is 48 hours.
Payment & Bitcoins!
After you click “Buy Bitcoins” you will now be able to choose your payment method.
- Choose Credit Card/Debit Card(Mastercard or Visa).
- Paste your Bitcoin Address(where your funds are being sent to).
- Fill out payment details.
- Receive Bitcoin instantly!
*You should see the Bitcoin in your wallet within 30-45 minutes!