Tuesday, October 9, 2018

How to Sell Your Bitcoin with Coinmama Wallet


Coinmama is a cryptocurrency exchange based out of Slovakia and established in 2013. Currently, It is operational in around 188 counties worldwide, and around 24 states of US. It provides facilities for its users to buy Bitcoin and ETH through their credit and debit cards. This exchange doesn’t allow any user to trade for cryptocurrency which means no one is allowed to sell their cryptos through Coinmama. All purchases of cryptocurrency by users are done directly transferred from the company’s owned holdings, making transactions more secured for traders compared to its competitors. Coinmama has started to support other currencies as well apart from BTC and ETH which includes Litecoin, Cardano, QTUM, Ethereum Classic, Bitcoin Cash and Ripple XRP. Coinmama is available only as a website and can be accessed through the market portal only, and no mobile app is available for this. Users need to go through the KYC process and need to submit their government id and photo id and purchase of currency details with Coinmama. Compared to its competitors Coinmama has very high transaction fees which is 5.5 % paid to Coinmama. Coinmama charges an additional 5% to each debit and credit card transactions which makes it very costlier.

Although Coinmama is available worldwide with a wide array for access for cryptocurrencies it has many disadvantages associated with this.

Users have reported for failed transactions with Coinmama, as the exchange decline the cards either credit or debit multiple times without any reason. It leads to account frozen issue for users. This exchange is limited for buying of currencies only which many users are not comfortable with. If you are a Coinmama user and need any kind of support on this contact Coinmama Phone number +1–855–206–2326.

Some users have reported for issue in the selling of bitcoin with Coinmamawallet. The wallet allows an only purchase of bitcoins and selling is not getting supported by Coinmama wallet. We have our expert team working on the issue which helps users to provide guidelines in selling bitcoin with Coinmama wallet. If you are facing any issue with bitcoin selling, Contact our Coinmama Support Number +1–855–206–2326






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3 comments:

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