HomeWallet and ExchangesHow to Buy Coin on Coinmama - Step By Step Guide

How to Buy Coin on Coinmama – Step By Step Guide

If you’re looking to buy a coin on coinmama, Coinmama is a popular option. This guide will show you how to buy coin on coinmama. We’ll walk you through the steps, from creating an account to making your purchase. Keep reading for a step-by-step guide on how to buy coin on Coinmama.

Coinmama Overview

Coinmama was founded in Israel in 2013 and since expanded to employ over 30 people and serve over 2 million consumers in over 188 countries. The company is now registered in Slovakia, but it is still owned and operated by New Bit Ventures, based in Israel.

How to Buy Coin on Coinmama - Step By Step Guide
Photocredit: ICOholder

Coinmama is a cryptocurrency exchange specializing in buying and selling bitcoin, Ethereum, Litecoin, and other digital currencies. They provide consumers worldwide with rapid transactions without requiring them to disclose personal information or identity.

Is Coinmama A Wallet

Because Coinmama is not a wallet provider, you must double-check the wallet address you give when purchasing cryptocurrency. You do not maintain or store any coins at Coinmama; therefore, you will not retrieve your funds if you enter your wallet address incorrectly.

List of Coinmama Supported Countries

Islands, Fiji, Finland, France, French Guiana, Greece, Greenland, Grenada, Guadeloupe,  French Polynesia, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Haiti, Holy See (Vatican City State), Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iraq, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Republic of, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Myanmar, Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand, Nicaragua, Niger, Niue, Norfolk Island, Norway, Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Qatar, Reunion, Romania, Russian Federation, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Sint Maarten, Slovakia, Slovenia, Solomon Islands, South Africa, Spain, Sri Lanka, Suriname, Svalbard and Jan Mayen, Swaziland, Sweden, Switzerland, Taiwan, Province of China, Tajikistan, Tanzania, United Republic of, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States*, Uruguay, Uzbekistan, Vanatu, Venezuela, Viet Nam, Virgin Islands, British, Wallis and Futuna, Western Sahara, Yemen, Zambia. Afghanistan, Aland Islands, Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, The Bahamas, Bahrain, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bonaire, Sint Eustatius and Saba, Bosnia and Herzegovina, Botswana, Brazil, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi,

Kenya, Kiribati, Korea, Republic of, Kuwait, Lao People’s Democratic Republic, Latvia, Lesotho, Liberia, Libyan Arab Jamahiriya, Liechtenstein, Lithuania, Luxembourg, Macao, Macedonia, the Former Yugoslav Republic of Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mexico, Micronesia, the Federated States of, Moldova, Cambodia, Canada, Cameroon, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, Colombia, Comoros, Congo, Congo, the Democratic Republic of the Cook Islands, Costa Rica, Cote D’Ivoire, Croatia, Curacao, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe

Method of Payment Used In Coinmama

Coinmama allows credit and debit cards from Visa and Mastercard. Payments by bank transfer (SEPA and SWIFT) are now taken with no processing fees.

How to Confirm Your Wallet on Coinmama

After your payment is authorized, you will either receive an email asking you to confirm your wallet address or be asked to authenticate your order via Two-Factor Authentication.

If you used a bank transfer to place your order, the confirmation link would be included in the order summary email you received. All you have to do now is double-check your wallet address and confirm it by clicking the link in the email.

Upon receiving your payment and wallet confirmation, the coins will be sent within an hour. Within 10 minutes, you’ll be able to observe the transaction on the Blockchain. Before you receive your coins, your transaction must be validated by miners once placed on the Blockchain.

This process usually takes up to ten minutes, although it can take longer if there is a lot of activity. Don’t be concerned if the coins don’t appear in your wallet right away—if they’ve appeared on the Blockchain; they’re on their way.

Note: If your wallet address is incorrect. Please contact their customer service department right away and click the confirmation link.

How to Buy Coin on Coinmama

Are you looking for how to buy coin on Coinmama? If so, this article will help. Here are the steps required to buy a coin on coinmama to purchase crypto with a credit card or debit card on Coinmama.

To continue with the steps on how to buy coin on coinmama, create a Coinmama account.

Obtain verification to acquire and sell cryptocurrencies.

Get your hands on a cryptocurrency wallet.

Step 1: Decide the cryptocurrency you want to use.

Coin mama allows you to buy Bitcoin, Ethereum, and other cryptocurrencies by logging into your account. Choose the cryptocurrency you want to buy and the currency you wish to use to pay for it.

Step 2: Decide how abundant you want to spend.

Click “purchase now” after selecting one of Coinmama’s cryptocurrency packages or entering a specific amount you’d like to buy.

Step 3: Put your wallet’s address in the box.

Enter your wallet address from your preferred third-party wallet provider. Learn how to set up a cryptocurrency wallet if you don’t already have one.

Step 4: Select a payment method.

Cryptocurrency can be purchased using a credit card, debit card, or directly from your bank account. To enter your payment information or initiate a bank transfer from your account, follow the steps.

Step 5: Confirm your wallet address and wait for your coins to arrive.

If the wallet address is correct, look for a wallet confirmation link in your email and click it.

They will release the coins to your wallet when your payment has been accepted and confirmed your wallet address!

Under ‘Your Account,’ you’ll be able to keep track of the status of your orders at any time.

How to Sell Coin on Coinmama

Many people want to know how to buy coin on coinmama, but how do you start? This blog post will teach you how to sell coins on Coinmama, and it also gives a step-by-step guide for how to do it.

Coinmama allows customers to sell Bitcoin using a bank transfer. You only need a Coin mama account and a bank account to get started.

Select ‘Sell’ from your Coinmama account.

From your main account page, enter your Coinmama login details and then click the Sell option. You can create an account if you don’t already have one.

Choose the quantity of Bitcoin you want to sell.

To see the BTC conversion rate in your preferred currency, enter the amount of Bitcoin you’d want to sell. You can also see the Bitcoin quantity by entering a currency amount (USD or EUR).

Make your selections.

To place an order, follow the directions. Fill in your bank’s nation, account number, and personal information.

Would you please provide your coins?

Send the precise amount of Bitcoin selected in a single transaction to the wallet address supplied, or scan the QR code with your wallet software. We will transfer the reward amount to the bank account you provided after getting your coins.

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List of Coins You Can Buy on Coinmama

Coinmama allows you to buy any of the following cryptocurrencies:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Cardano (ADA)
  • Litecoin (LTC)
  • Tezos (XTZ)
  • Ripple (XRP)
  • Dogecoin (DOGE)

How Long Does It Take to Buy Bitcoin from Coinmama

A Bitcoin transaction can take anywhere from 10 minutes to an hour to complete on average. However, a few things can influence how long it takes. The presence of traffic is one factor, and the more people try to use something simultaneously, the slower it will respond.

The operator is the second factor to consider. Before the miners even check, some operators take longer to process fees and transactions. As a result of the added step, each transaction through exchanges may take longer.

Conclusion

I hope this guide on the necessary information on how to buy coin on coinmama. If you have any questions or comments, please leave them below, and we’ll do our best to respond as soon as possible giving you the necessary guidance on how to buy coin on coinmama.

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