Learn more about TU’s methodology
- $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
Learn more about TU’s methodology
Coinmama is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.55 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 recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
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.
How we tested Coinmama
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
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 Funds can be deposited and withdrawn through any channel, including credit and debit cards, bank accounts, and electronic payment services.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 Verdict
Chief Analytics Officer
Coinmama offers access to trading a modest selection of popular cryptocurrencies and five fiat currencies through the TradingView platform via browser and mobile app. The exchange supports instant transactions, easy verification, and a loyalty program to reduce relatively high trading commissions. Clients can deposit and withdraw funds via bank transfers and crypto, and each user receives a free multi-currency wallet. The minimum deposit is $100 or 5 BTC, and only spot trading is available with no leverage. Coinmama is registered in the United Kingdom and Ireland but is not regulated by a government authority.
However, a notable drawback is that Coinmama remains unregulated, so it lacks the added client protection and oversight seen with leading government-supervised exchanges. Other disadvantages include above-average spot trading fees, a limited range of supported coins, no demo accounts, and no investment or yield products beyond staking. Coinmama may not be suitable for active traders seeking low costs or a broad selection but can appeal to users prioritizing simplicity and fiat-to-crypto access.
Coinmama Summary
| 💻 Trading platform: | TradingView (in browser) |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, USD, EUR, GBP, CAD, AUD |
| 💵 Deposit / Withdrawal: | Bank cards and accounts, e-wallets and crypto-wallets |
| 🚀 Minimum deposit: | 1$ |
| ⚖️ Leverage: | 1:1 |
| 💼 Copy Trading: | 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
Regulation and Safety
With a 5.25/10 score, Coinmama demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- 2FA
- Cold wallet storage
- No successful hacks history
- No facial recognition
- 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 | Kraken | OKX | |
| Tier-1 regulation | No | Yes | No |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | Yes |
| Cold wallet storage | Yes | 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.
Is Coinmama available in the USA?
Yes, Coinmama is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
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 | CoinMetro | Industry average | |
| Spot, maker fee (%) | 3.9 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 3.9 | 0.22 | 0.2 | 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.
- Many cryptocurrencies for deposits and withdrawals
- Bank transfers for deposits and withdrawals
- No deposit fees
- No Google Pay 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 | Kraken | OKX | |
| Bank transfers | Yes | Yes | No |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | No |
What is Coinmama minimum deposit?
The minimum deposit at Coinmama is 100 USD/USDT or 5 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 | Kraken | OKX | |
| Minimum deposit, USD or USDT | 100 | 10 | 10 |
| Minimum deposit, BTC | 5 | 1 | 5 |
| Minimum trade amount, USD/USDT | 50 | 1 | 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
- Copy trading not available
- Only 10 supported coins
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 | Kraken | OKX | |
| Supported coins | 10 | 278 | 329 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | No | Yes |
| 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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