Coinmama Loyalty | Coinmama Blog (2024)

FAQs

Why is Coinmama taking so long? ›

Bitcoin transactions on Coinmama typically take a few minutes to an hour to process, depending on network congestion and the transaction fee used. However, if it's in the "processing" stage, this could indicate a delay on Coinmama's end, which might take up to 24 hours or longer in some cases.

Submit required documents: a government-issued ID, a selfie with the ID, and proof of residence. Wait for verification, usually within a few hours. Once approved, enjoy unrestricted access to Coinmama's features, ensuring a secure and compliant trading experience.

Coinmama's commission fee is 0.99% – 3.9%, depending on your loyalty level. What cryptocurrencies can I buy?

Coinmama currently allows bank transfer purchases of up to 12,000 USD a day, and unlike credit and debit cards, there is no additional processing fee charged by us for bank transfers.

Yes, services are offered in over 190 countries worldwide, excluding restricted areas. Are my credit/debit card details stored in the system? Coinmama doesn't store your credit/debit card details at any time.

How long does it take to get my bitcoin once I've paid? Coinmama sends the coins within 1 hour after both your payment and wallet address have been confirmed. Where can I get a Bitcoin wallet? Can I sell bitcoins on Coinmama?

Coinmama is a simple, straightforward platform for buying and selling crypto. Its ease of use makes it a great option for certain customers. However, it has relatively high fees and users looking for expanded product offerings such as crypto rewards credit cards or crypto-backed loans will need to look elsewhere.

Coinmama is held to many of the same standards and regulations as any other financial service. So just like you need to prove your identity when opening a bank account, you need to do so before you can buy, sell or trade Ethereum, Bitcoin or other cryptocurrencies with Coinmama.

Issue: Low-quality or illegible document scans or photos can hinder the verification process. Solution: Make sure your document scans or photos are clear, well-lit, and in focus. Ensure that all details on your identification documents are visible.

Coinmama was founded in 2013 with the mission of simplifying the way people buy Bitcoin (BTC). Since then, we have served more than 3,400,000 users in 190 countries.

Is Coinmama better than Coinbase? ›

Coinbase vs Coinmama - Comparison at a Glance

Coinbase vs Coinmama cryptocurrency exchange overall score comparison reveals that Coinbase has a higher overall score of 9.1, while Coinmama gathered an overall score of 6.0.

Yes, Coinmama supports Bitcoin sales for cash worldwide using SWIFT bank transfers. Simply choose SWIFT as your payout method and follow the provided steps to convert your Bitcoin to fiat, regardless of your location.

They can take out up to 100 million KRW or up to 20 million KRW worth of crypto daily. Non-bank verified users have a Coinone crypto price limit on withdrawals of up to 1 billion KRW worth of digital assets.

Coinmama: Coinmama accepts prepaid cards and allows you to buy Bitcoin instantly.

You can buy $1,000,000 worth of bitcoin per purchase from your cash balance and there are no limits to how often you can buy. To make large purchases, it's best to deposit your cash via wire transfer, since wire transfers are unlimited.

It is normal for bitcoin transactions to be delayed from time to time, especially when the network is experiencing high traffic or a transaction has been sent with low fees. Bitcoin transactions are considered confirmed when a bitcoin miner includes your transaction in a block.

This is a case-by-case process and may take anywhere from a few hours to a couple of business days, depending on many factors (e.g. your country of application, nationality, quality of the pictures, etc.). If your status does not change within 3 business days, please contact Support through https://chat.crypto.com/.

Cryptocurrency transactions are confirmed on various blockchains, which can sometimes be overloaded. When this happens, you have to include a higher transaction fee when sending funds in order for the transaction to be confirmed faster, otherwise, it is stuck in the blockchain queue for long periods of time.

Bitcoin withdrawal delays typically occur due to network congestion, platform issues, or a transaction being allocated low fees.