Coinmama is a cryptocurrency exchange based out of Slovakia and time-honored in 2013. At present, it is functional in around 188 counties worldwide, and about 24 states of US. It provides facilities for its users to buy Bitcoin and ETH through their credit and debit cards. This Coinmama wallet doesn’t allow any user to trade for cryptocurrency which indicates that no one is permitted to sell their cryptos through Coinmama. All purchases of cryptocurrency by customers are done directly transferred from the company’s owned holdings, making transactions more protective for traders compared to its competitors. Coinmama has initiated to maintain other currencies as well apart from BTC and ETH which comprises of Litecoin, Cardano, QTUM, Ethereum Classic, Bitcoin Cash and Ripple XRP. Coinmama is presented only as a website and can be retrieved through the market portal only, and no mobile app is obtainable at present for this. Users need to go through the KYC procedure and need to submit their government id and photo id and purchase of currency details with Coinmama. In contradiction to its competitors, Coinmama has relatively very high transaction fees which are 5.5 % paid to join mama. Coinmama charges extra 5% to each debit and credit card transactions which mark it very pricier.
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