So, even though you can only purchase the two most popular cryptocurrencies, both BTC and ETH will allow you to trade with all the smaller, less popular cryptos. The site is fully mobile-friendly and easy-to-use, so buying and selling will be just as easy on a phone or tablet. Whether you choose Coinbase or Coinmama will depend on your needs and expectations. If you don’t want to trade cryptos but want to buy and sell coins, Coinmama has you covered. In the example below you can see that you enter the fiat currency amount and Coinmama automatically shows how much Bitcoin (BTC) you will get for that purchase. Coinmama is excellent for beginners because it is easy to use.

Coinmama Wallets

CaptainAltcoin.com does not offer any sort of financial or investment advice. Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor. No, currently, you can access Coinmama only through a web browser via their website. They also do not have a publicly available API integration which is the most common way apps and services interact with each other in the online world. There are three steps before you can buy and sell coins on Coinmama.

Coinmama Review: Costly Crypto on Credit

• As a peer-to-peer exchange, Coinmama brokers deals directly between buyers looking to purchase crypto with fiat currency and sellers looking to sell their crypto for fiat currency.
• As always Coinmama support staff are the best above all the rest.
• It is important to note that Coinmama does provide exchange crypto wallets to house purchased cryptos.
• Yes, Coinmama is a reliable company that comes with robust security and an easy-to-use platform that’s suitable even for beginners.

As a result, you need to have your own crypto wallet that’s compatible with the coins you want to buy before you attempt to use Coinmama. Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders. All centralised exchanges, including Coinmama, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice.

Who can open an account with Coinmama?

You don’t have to deposit funds, wait for them to clear and then buy your cryptocurrencies. It’s also an added safety feature because you aren’t storing your fiat currency on an exchange, or registering Coinmama Review bank account details. Unlike many other crypto exchanges, you cannot trade crypto with Coinmama. There are no staking opportunities, and Coinmama does not have a mobile app or a crypto wallet.