Coinmama is a digital currency exchange that was founded in 2013. This firm offers financial services to users across the globe. Coinmama generally deals with the trading of cryptocurrencies and other services. In this article, we will see how you can buy Bitcoin from Coinmama.
4 Easy Ways To Buy Bitcoin From Coinmama
After a slow graph, Bitcoin is once again on fire. Very recently Bitcoin crossed the mark of $50,000, giving investors more opportunities to invest in crypto. But while once it was quite a difficult task to buy BTC, now with credit cards the task has been simplified. Other than that there have been bank transfers or even cash. Whether you are planning to increase your crypto portfolio or invest in digital currency for the first time, here are the 4 simple steps with which you can buy Bitcoin from Coinmama.
Buy Bitcoin With Credit Card
For the new players in this space, the easiest way to purchase crypto is probably with a credit card similar to how you would shop online for anything else. Simply look for a digital currency vendor who serves your state or country, create an account and purchase Bitcoin. Coinmama offers its service in more than 190 nations and territories and enables the user to purchase BTC with a credit card for more than 5000 USD at a time, along with that it also allows the users to purchase Ripple, Litecoin, Ethereum, and other important digital currencies. You will find many Coinmama reviews on this.
To Buy Bitcoin With Coinmama
Buying Bitcoin or any other crypto with Coinmama is not a big deal. Here are the simple steps involved in buying crypto from Coinmama.
- Sign up: Enter your name, password, email address, and country of residence to create a new account. You will require to confirm your email address to complete your account setup.
- Verify: Here you will need to verify that it is you before your Coinmama login. In order to comply with the regulations, fight money laundering and many other financial crimes, Coinmama asks the user to verify their identity. The user will need to enter their personal details and upload a scanned copy of their ID card to begin.
- Buy: Once the account of the user is verified, they can start to purchase crypto with a Mastercard or Visa credit or debit card. The user will need a digital currency wallet to send their coins to the destination. Then select the amount of Bitcoin that you wish to purchase.
The upside of purchasing crypto with a credit card is that transaction is barrs long confirmation time from Bitcoin and is instant. The user will usually have their coins within 20 minutes. But the disadvantage is that the user will usually see a credit card fee that has been levied on them.
Use Your Bank Account
If you are wondering how to buy Bitcoin from Coinmama with bank transfer then here is your answer. At times, 5000 USD in Bitcoin may not seem enough. If you wish to buy BTC in larger amounts the easiest way to do it is through your bank account. Depending on which digital currency vendor you use, you can either choose to pay through bank transfer or link your bank account directly to your crypto wallet. There is no Coinmama wallet or Coinmama app so you will need to choose an external wallet for this. Coinmama offers verified, new account holders the ability to purchase up to 12,000 USD in digital currency during a time when paying through bank transfer.
Find A Bitcoin ATM
Can you imagine going to an ATM and instead of withdrawing dollars you are withdrawing BTCs? Is it possible? Well yes, it is very much possible. Bitcoin ATMs are almost similar to that of normal ATMs, the only difference is that because Bitcoins are digital, the cryptos are sent directly to your wallet instead of hard cash. Bitcoin ATMs can be used just as other ATMs by just entering your credit or debit card for the purpose of exchanging your fiat currency for BTC. So if you are wondering how to buy Bitcoin from Coinmama with debit card, then this is your answer.
Buy Person To Person
There are some individuals who prefer to purchase Bitcoin or other digital currency from other people. Purchasing person to person often offers the best exchange rate and also the lowest fees. After all, for both the buyer and the seller it is a win-win situation. There are people who are often found meeting in person and trading in cash or using online modes like PayPal for trading.
With the recent popularity of digital currencies, it is now obvious that more and more people will be interested in purchasing them to make their future investments more bulky. So it is important for us to choose a better platform for such investment and hence here is Coinmama. The above are the various ways on how you can buy Bitcoin from Coinmama, and make a healthy investment for the future.
Frequently Asked Questions On Buy Bitcoin From Coinmama
1. Is Coinmama safe to buy Bitcoin?
Users in some selected markets can now sell BTC even if it was bought through a different exchange. The safe way to purchase Bitcoin is through Coinmama as it never holds users’ funds or stores your payment information.
2. How long does it take to buy Bitcoin on Coinmama?
Whether you are planning to increase your crypto portfolio or invest in digital currency for the first time, there are 4 simple steps with which you can buy Bitcoin from Coinmama.
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