According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Regularly expanding pool of cryptocurrencies, five fiats available for trading, many popular deposit and withdrawal options, profitable referral program, trading commissions can be reduced through the loyalty program and rebates from the Traders Union, no investment
Our Evaluation of Coinmama
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Coinmama is a high-risk cryptocurrency exchange with the TU Overall Score of 2.95 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Coinmama clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
Coinmama is one of the oldest European crypto exchanges. The company’s activity is transparent, it offers favorable terms of cooperation for novice and experienced traders. The trading terminal in the browser and the mobile application have simple and convenient functionality. The most popular cryptocurrencies and tokens plus five fiat currencies are available for trading. Clients can promptly deposit and withdraw funds by any means, including bank accounts and cards. The exchange is not suitable for investors, since the only passive income option available to its users is a referral program. Note that the site does not have the lowest trading commissions, but they can be reduced through a loyalty program with three levels.
Brief Look at Coinmama
The Coinmama exchange is a platform for buying and selling cryptocurrencies and coins. Bitcoin (₿), Ethereum (Ξ), BitcoinCash, Ripple, Cardano, and other popular altcoins are traded on the exchange. Fiats are available in US, Canadian and Australian dollars, British pounds, and euros. Funds can be deposited and withdrawn through any channel, including credit and debit cards, bank accounts, and electronic payment services. Exchange clients receive a free multi-currency wallet at their disposal. Trading is carried out through the TradingView trading terminal in the browser and the mobile application. The advantages of the exchange are a low entry threshold, a high-speed platform, and instant transactions. There is a standard referral program, and there is no investment. Commissions for trading operations are average for the market, and they decrease with an increase in trading volume.
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- All the most popular cryptocurrencies and coins are traded on the platform;
- There are transactions with five fiat currencies including USD and EUR;
- Optimized TradingView terminal for comfortable trading;
- The exchange is characterized by high-speed transactions;
- Simple registration and accelerated data verification process;
- The exchange has official registration and operates under a license;
- Loyalty program allows you to significantly reduce the trading commission;
- Referral program with payments of 30% of referral commissions;
- Mobile trading apps for iOS and Android.
- No investment solutions;
- No demo accounts;
- No call center.
TU Expert Advice
Author, Financial Expert at Traders Union
Coinmama is a cryptocurrency exchange offering trading Bitcoin, Ethereum, Ripple, and other altcoins against USD, EUR, GBP, CAD, and AUD. Accessible via a user-friendly TradingView platform on both desktop and mobile, Coinmama presents a streamlined registration process, quick data verification, and no deposit fees, making it particularly appealing to beginners and active traders. The exchange supports a range of deposit and withdrawal options, providing flexibility to its users. Additionally, a loyalty program and referral incentives allow users to reduce trading costs.
Despite its advantages, Coinmama has several drawbacks, such as high spot fees above industry averages and the lack of investment options like staking or copy trading. Its limited regulatory oversight and the absence of demo accounts may pose challenges for novice traders unfamiliar with the crypto environment. Moreover, the absence of a call center could limit immediate client support. Overall, Coinmama serves active traders interested in cryptocurrency exchanges but may not suit those requiring robust investment features or regulation-focused security.
Coinmama Summary
| 💻 Trading platform: | TradingView (in browser) |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, USD, EUR, GBP, CAD, AUD |
| 💵 Deposit / Withdrawal: | Bank cards and accounts, e-wallets and crypto-wallets |
| 🚀 Minimum deposit: | 1$ |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Commission: | Spot: 3,9%-3,9% |
| 🔧 Instruments: | 10 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | N/A |
| ⭐ Trading features: | Regularly expanding pool of cryptocurrencies, five fiats available for trading, many popular deposit and withdrawal options, profitable referral program, trading commissions can be reduced through the loyalty program and rebates from the Traders Union, no investment |
| 🎁 Contests and bonuses: | Yes, bonuses from the Traders Unionare |
To start trading with the exchange, you must go through the registration and verification procedure. In the case of Coinmama, it takes significantly less time than with most competing exchanges. After confirming personal data, the client of the platform gets access to its functionality without restrictions. There is no minimum deposit, but there are minimum transaction amounts for each pair. The client regulates his financial policy on his own. The exchange does not provide leverage or loans, so the trader relies exclusively on his own budget when trading. Technical support can be contacted by email or through the ticket system on the website. The technical support of this trading platform is known for prompt and detailed answers, it works without breaks and days off.
Coinmama Key Parameters Evaluation
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Regulation and safety
Coinmama received a score of 3.25/10, indicating a low level of security and regulatory compliance. This suggests that the platform may lack essential protections, and users should exercise extreme caution.
- No successful hacks history
- 2FA
- Not government-regulated
- Not U.S regulated
Coinmama Security Factors
We also compared Coinmama against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Coinmama | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | No | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is Coinmama a regulated crypto exchange?
Coinmama is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Coinmama is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at Coinmama?
Yes, KYC verification is mandatory at Coinmama. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Coinmama available?
Coinmama complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Iran, Islamic republic, Venezuela, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libya, Oman, Syria, Tunisia, Yemen, Botswana, Tanzania, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Myanmar, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, North Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Coinmama support.
Is Coinmama available in the USA?
Coinmama is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: OKX, Kraken, Crypto.com .
Coinmama commissions and fees
Coinmama received a 5.2/10 score for its trading fees. While Coinmama is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- No deposit fee
- Spot fee above industry average
What are Coinmama trading fees?
We analyzed Coinmama’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Coinmama trading fees vs competitors
| Coinmama | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 3,9 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 3,9 | 0,22 | 0 | 0.194 |
What are Coinmama deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,1-0,9% |
Does Coinmama offer P2P trading?
No, Coinmama does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
Coinmama received a 4/10 rating for its deposit and withdrawal services. Coinmama offers limited funding options and may charge fees, which could be inconvenient for many users.
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- Bank transfers for deposits and withdrawals
- No PayPal option
- Withdrawal fee applies
Deposit and withdrawal options
Coinmama supports the following deposit and withdrawal options: Bank transfers, Crypto.
Coinmama Deposit and withdrawal options vs competitors
| Coinmama | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Coinmama minimum deposit?
The minimum deposit at Coinmama is 100 USD/USDT or 0,0005 BTC. The minimum trade size is 50 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Coinmama minimum deposit vs competitors
| Coinmama | OKX | Kraken | |
| Minimum deposit, USD or USDT | 100 | 10 | 10 |
| Minimum deposit, BTC | 0,0005 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 50 | 0,00001 | 1 |
Does Coinmama support fiat money?
Coinmama supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Coinmama received a score of 3/10 in this category, indicating a modest offering of assets and markets. While Coinmama covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Staking available
- NTFs not available
- Crypto options not available
Coinmama supported coins and markets vs competitors
We compared Coinmama with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Coinmama | OKX | Kraken | |
| Supported coins | 10 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Coinmama passive income options vs competitors
We also compared Coinmama with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Contacts
| Foundation date | 2013 |
|---|---|
| Registration address | 42 Pearse St., Dublin D02 YX88, Ireland |
| Official site | https://www.coinmama.com/ |
| Contacts |
+1 (650) 600-9939
|
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