Frequently Asked Questions - coinmama.com (2024)

FAQs

Can I buy Bitcoin from Coinmama without verification? ›

One popular option is Coinmama, which allows you to buy, sell, and store both bitcoin and Ethereum in one place. To get started, you'll need to create an account and verify your identity.

Verification time

Making cryptocurrencies easily accessible without compromising safety is one of our top priorities here at Coinmama, and we cannot compromise our high standard of security. This would only take up to 30 minutes on average!

To sell Bitcoin on Coinmama, sign up or log in, hit “sell,” specify the Bitcoin amount, select your payout method (SEPA or SWIFT), enter your bank details and personal information, and transfer your Bitcoin to the provided address. Once confirmed on the Blockchain, Coinmama will send the fiat to your bank account.

Yes, a number of crypto exchanges do not require any KYC. Some of these exchanges have a limit to the amount of crypto you can withdraw, such as KuCoin, Krake, and others. On the other hand, there are some that have no restrictions on how much you can withdraw, such as CoinSwitch.

Zengo is a great crypto wallet and exchange that offers users top-level security and privacy. Its unique keyless security system allows for anonymous and secure storage of cryptocurrencies. With Zengo, users can buy crypto anonymously, i.e., without performing KYC.

With a proven track record and a user-centric approach, Coinmama assures a trustworthy environment for all your cryptocurrency endeavors. Join the community of satisfied users who confidently choose Coinmama for a secure and formalized crypto experience.

Coinmama Loyalty is a three-tiered program based on maintaining a cumulative minimum purchase amount of either 5,000 USD or 18,000 USD over a rolling 90-day period, or by reaching a lifetime purchase amount of 50,000 USD.

Coinmama is an online cryptocurrency exchange supporting the purchase of cryptos. Launched back in 2013, Coinmama is registered in Slovakia, while owners New Bit Ventures are based in Israel.

For the third year running, Changpeng Zhao, founder and former CEO of crypto exchange Binance, is crypto's wealthiest person. Despite pleading guilty to U.S. money laundering charges in November, CZ, as he's known, is now worth an estimated $33 billion, up from $10.5 billion last year.

What causes delays. Cryptocurrency operates on the Blockchain, a giant decentralized ledger of transactions, divided into smaller chunks that we call blocks. Any time you buy cryptocurrency it needs to be confirmed by miners, who check that the coins you want are actually available.

Is Coinmama working in the US? ›

Certainly! Coinmama operates seamlessly in the United States. We are committed to providing a secure and user-friendly platform for your cryptocurrency transactions. Countless users across the USA rely on Coinmama for its commitment to regulatory compliance, transparency, and top-notch security.

The good news is that a Level 1 Coinmama account will allow you to buy Bitcoin up to a fairly high amount. In most of the areas we serve, overall account limits for Level 1 are 15,000 USD, with daily limits of 5,000 USD for credit card transactions and 12,000 USD for bank account transactions.

We do not keep or store any coins on the Coinmama web platform, and if you make a mistake when entering your wallet address, we will have no way of retrieving your coins.

You will need it in order to access your money, so make sure you don't lose it, and always double-check that you have both the public and private keys before transferring funds to your wallet.

Centralized exchanges like MEXC, ByBit, and CoinEx will let you buy Bitcoin with no verification, or you could trade another cryptocurrency for Bitcoin on a decentralized exchange or P2P trading platform.

Visit a cryptocurrency exchange website. Create an account and verify your identity as required. Follow the website's instructions to buy your bitcoin (BTC) or other digital asset. Your bitcoin will appear in your exchange account.

Complete personal details verification. Submit required documents: a government-issued ID, a selfie with the ID, and proof of residence. Wait for verification, usually within a few hours. Once approved, enjoy unrestricted access to Coinmama's features, ensuring a secure and compliant trading experience.

Yes, there are crypto exchanges that do not require KYC (Know Your Customer) verification. You can buy cryptocurrencies from Paybis upto a certain limit without having to worry about kYC verification.