I also took a look at various customer reviews users posted online. Having reviewed dozens of exchanges by now, I know that when people leave reviews online, it’s almost always Coinmama Review negative reviews because they are pissed off about something. That’s why I make it a habit to actually read through the reviews and see what people are complaining about.
Coinmama doesn’t support crypto-to-crypto trading, and users can only sell Bitcoin through this platform. If you want to sell another asset, you’ll need to use a different exchange. Customers can click the Buy or Sell tab to initiate a transaction on their online dashboard or the mobile app, which is available for Android. It starts with an identity verification process, which helps protect against fraudulent accounts.
How We Rated Coinmama
The majority of Coinmama’s negative reviews complained about one thing – the identity verification process. Users claim that Coinmama requests a ton of information and, in some cases, rejects applications without giving a proper explanation why. Because the issue that I had with an order that I made wrong and then I cancelled was solved promptly today.
Still, crypto traders looking for the convenience of a dedicated mobile app might prefer another crypto app. The site is fully mobile-friendly and easy-to-use, so buying and selling will be just as easy on a phone or tablet. Your purchase amounts depend upon your verification level. Level 1 requires proof of one valid government-issued https://www.tokenexus.com/ ID and allows total purchases of up to $10,000. Level 2 requires a secondary ID uploaded along with either a utility bill or a selfie of you holding your ID – maximum limit is raised to $50,000 for this level. For unlimited purchase amounts, you must contact [email protected] to request level 3 verification.
Coinmama Registration, Login, and Purchase Limits
The below fees are from me testing various purchases of Ethereum. Quick responding and supporting team, easy going, learning a lot! Coins are delivered fast, but can take 24 hours for payment team is checking all very well, secure. Rather, the company will send coins to whichever wallet you own. Coinmama has higher fees than some other providers, though these fees fall as the amount of crypto you purchase and the time you’ve been a customer increase.
