Coinmama Adds Worldwide Purchase by Bank Transfer – Coinmama Blog (2024)

FAQs

Coinmama Adds Worldwide Purchase by Bank Transfer – Coinmama Blog? ›

We're excited to announce the addition of SWIFT bank transfers as a new payment option for Coinmama users, along with lower fees and higher daily spending limits. Last summer we introduced buying crypto by bank transfer to our European customers with SEPA bank accounts.

Use your bank account when you buy and enjoy higher spending limits plus low or no payment processing fees. Coinmama now offers the option to buy Bitcoin with various bank transfer options.

Coinmama supports nine digital assets at the time of publication, including Bitcoin, Cardano, and Ethereum. Coinmama is available to users in 188 countries and 48 U.S. states, excluding Hawaii and New York. It gives customers the option to purchase crypto using credit cards, debit cards, bank transfers, and Apple Pay.

Existing users can simply log into their verified accounts. Initiate the Sale: Visit Coinmama's sell Bitcoin page to start the process. Enter the amount of Bitcoin you wish to sell. Bank Information: Provide your bank account details to receive the fiat currency.

To buy Bitcoin using a bank account no verification of your source of funds is required. You just need to provide some personal information, like your name, date of birth, and place of residence. Once you register and pass the verification, top up your account with fiats and start buying crypto.

You cannot transfer directly from a bank account to a Bitcoin wallet. You need to wire transfer to an exchange like Coinbase or Kraken. And buy bitcoin from there. Then you will be able to withdraw from the exchange to your Bitcoin wallet.

With a proven track record and a user-centric approach, Coinmama assures a trustworthy environment for all your cryptocurrency endeavors.

Fortunately, confirmation times are usually short - about 10 minutes for Bitcoin and 15 seconds for Ethereum. Once you see the pending transaction on the Blockchain, it's just a matter of waiting. Want to see the status of your transaction?

The good news is that a Level 1 Coinmama account will allow you to buy Bitcoin up to a fairly high amount. In most of the areas we serve, overall account limits for Level 1 are 15,000 USD, with daily limits of 5,000 USD for credit card transactions and 12,000 USD for bank account transactions.

Can I buy Bitcoin with my account number and routing number? ›

Bitcoin can be purchased with a bank account – leading to a fee of only 1.49% per transaction. Furthermore, this cryptocurrency platform also accepts ACH transfers and credit/debit card payments. However, the credit/debit card fee is a hefty 3.99% per transaction.

Buy Bitcoin with your bank account through Coinbase

For US customers, Coinbase allows you to connect your bank account via ACH bank transfer. For European customers, Coinbase will also allow you to buy Bitcoin with a SEPA transfer, Faster Payments, or Easy Bank Transfer.

US Customers. Purchases made using a debit card or the USD balance are instant. Bank purchases use the ACH transfer system, which typically takes 3-5 business days to complete (timing is displayed prior to confirming your order and in the confirmation email).

Open Trust Wallet and select Buy, from the main home screen. Search for and select the crypto asset you want to buy. Choose your currency, amount, and payment method. Select the Buy button and complete the remaining steps to purchase the crypto.

One popular option is Coinmama, which allows you to buy, sell, and store both bitcoin and Ethereum in one place. To get started, you'll need to create an account and verify your identity. Once your account is set up, you can fund it using a bank transfer, credit card, or debit card.

Buy cryptocurrency instantly using a Visa or Mastercard (credit, debit, prepaid, virtual, gift, etc).