How to Create a Coinmama Account

The process of creating a Coinmama account is quick and simple. You must provide a valid email address during the registration phase and that's all ! However, you cannot buy Bitcoin or any other cryptocurrency before completing your profile. You must provide a valid government-issued ID and a recent passport-size photo to complete your profile.

The experience is the same when you want to sell your cryptocurrencies on the platform. Coinmama gives you clear indications, sometimes even accompanied by some explanations.

We can say that Coinmama is a breath of fresh air in an industry where most exchanges bring together many services in one place with the aim of selling as much as possible.

On the contrary, it seems that Coinmama cares more about the experience you will have rather than the fees and commissions it can earn from its users.

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Considering the availability of options that you will have to choose from, deciding which cryptocurrency exchange site to use must certainly be difficult. This article on Coinmama will help you better discover this site and create an account.

Let's go!!

🌿 What is Coinmama?

Coinmama is a platform for cryptocurrency broker/exchange which is based in Israel. It was created in 2013, according to the platform, it is a very fast, pleasant and safe way to buy cryptocurrencies wherever you are in the world.

The major advantage of the platform is that it is available in all countries of the world except for countries that have been sanctioned like North Korea.

Coinmama specializes in buying Bitcoin. It is a platform which, today, has a reputation appreciated by many people.

Coinmama gives you the possibility to buy, sell Bitcoins without however exchanging with other customers. Through its quality service, Coinmama remains a very interesting marketplace.

🌿Who should use Coinmama?

As you read this article, you will realize that Coinmama is a crypto exchange/broker site that is very basic. Which is great for beginners.

If you do not currently have cryptocurrencies, the way that will be much easier for you is to buy them using a credit or debit card at Coinmama.

✅ Advantages of Coinmama

We are going to give you our opinions on the platform and so we start with the advantages.

✔️Ppresence of payment methods every day

We have found that, a lot of exchange sites have one major drawback. At the time of buying cryptocurrencies, they do not give you the option of using fiat currency.

With Coinmama, you can use your credit or debit card to buy crypto directly from the site.

It's a bit like shopping online, but the difference is that instead of buying food, you're buying digital assets instead.

✔️ Receive your crypto directly on your personal wallet.

When you fill in your card details and make a purchase with Coinmama, your coins are sent directly to your wallet once payment will be made!

✔️ The platform is user-friendly

Generally, in most crypto exchange sites, newbies are always quite confused. Because there are several graphs of statistics and tables which does not facilitate things.

So it simplifies enormously the buying process. All you have to do is open and verify your account.

✔️UVery efficient customer support.

If one day you encounter problems with your account and you don't know what to do with it, the Coinmama team is available with its various support options to help you.

And we want to let you know that the best way to contact them is direct chat. But this option is only available during working hours.

✔️ A very high level of security.

Coinmama is registered with FINCEN which is located in the USA. Which makes this platform very reliable.

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They take a look at any activity that turns out to be fraudulent on the site and if found, an investigation is opened to find the problem.

❌ Disadvantages of Coinmama

Like other sites, Coinmama also has the disadvantages that we will present.

✔️ Fee costs for credit cards.

As we said above in the advantages, the availability of credit or debit cards as a means of payment is very satisfactory.

But let's not forget the fees that will apply to this. If you use a map you will see yourself pay 5% extra for the fees charged by Coinmama.

✔️ Coinmama fees.

In addition to the fees you will be charged when you use your card, other average fees of 5.5% you will be charged for each of your transactions.

Suddenly, it becomes very expensive if you buy cryptos in large quantities. You should therefore know that, if you buy cryptos with fiat currency, additional fees will be charged.

✔️Uminimal range of cryptos.

With Coinmama, you can only buy 10 cryptocurrencies. If we want to compare platforms, Coinmama is very small because others, such as Kucoin, have more than 100 currencies in their system.

🌿 How to create your Coinmama account?

But, how can you easily create a Coinmama account? Here are the steps to follow.

✔️ Step 1: Visit the Coinmama website

To start, it is best for you to visit the Coinmama website to get a little knowledge.

✔️ Step 2: enter your email address

You should know that the easiest way to create your account once on the site is to enter your email address in the white box. After that, click on “ Buy coins ».

✔️ Step 3: fill in your information and click on “create an account”

Once you click on “buy coins“, a new window should be displayed. You will therefore need to enter your full name, your country of residence and also choose a password to log in later.

Just below the selections you will see the " create an account » you will therefore have to click on it to validate the creation of your account in Coinmama.

✔️ Step 4: confirm your email address

You must not forget to confirm your email address because it is through it that Coinmama can contact you if necessary.

So you will need to enter a valid address that you are used to using.

Once your email address is confirmed, the creation of your account is terminated. As we told you, opening your account is very easy in Coinmama so you just need to check that you enter your correct information so as not to have problems after creating your account.

🌿 Closing

We first presented the platform to you and then gave its advantages and disadvantages which will help you make a choice to create an account or not.

Finally, we have evolved with the account opening process which is of all very simple ways and we currently expect you to follow the process carefully to enjoy the various advantages of the platform without problem.

⛳️ Frequently Asked Questions

✔️ For the purchase of Bitcoins and Ether, what is the advantage of doing so with Coinmama?

Coinmama is a safe and reliable platform which therefore gives you the opportunity to buy your coins in complete security.

✔️ What payment methods does Coinmama use?

Since then, Coinmama has accepted Bank transfers, SEPA transfers and also credit and debit cards.

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Finally we have finished and hope that in this article you have found what you are looking for, how you can create your account with Coinmama.

If so, please let us know in the comments.