Cryptocurrency exchange Coinmama: platform’s functional features overview and reviews
Review of Coinmama Exchange: Basic Information and Reviews
The cryptocurrency platform Coinmama started its operations in 2013. Over the years, it has gained the trust of crypto traders, but there are also conflicting opinions online. A detailed review will help determine whether it’s worth using the exchange’s services.
Main Aspects of the Exchange: Owners, Registration, Legal Side
The company Coinmama positions itself as a service for exchanging fiat currency for cryptocurrency. Despite the lack of cryptocurrency trading options, the project holds a leading position among exchange services globally. The website serves clients from 226 countries, including the USA.
The exchange’s operations are based on strict financial standards of the United States. This speaks to the seriousness of the company and confirms its reliability.
Domain and Registration Information:
The domain is registered through the American company GoDaddy, which doesn’t definitively determine the exchange’s location. The site is only available in English, but the interface is user-friendly for all users.
Features of the Potential Owner “Coinmama”
The firm Coinmama is registered in Slovakia as a subsidiary of NBV International s.r.o., which in turn belongs to the Israeli group of companies New Bit Ventures Ltd. The company has successfully undergone a tax reform and continues to operate honestly and legally.
Exchange Service and Conditions
All essential information, including the current Bitcoin exchange rate, is available on the site’s homepage. Coinmama offers favorable exchange conditions, sometimes allowing savings on BTC purchases.
Users can choose between sections: Buy, Sell, Blog, Help, Affiliate. Reviews highlight the pros and cons of the exchange’s operations, including verification delays and support response times.
Exchange Process on “Coinmama”: Steps and Recommendations
To begin an exchange, registration on the exchange is required. After filling out the form and confirming the email, transactions up to $15,000 are available for each user.
The process of exchanging fiat to cryptocurrency is extremely simple and intuitive. The entire operation is conducted without additional fees from the exchange.
User Reviews about Coinmama
Reviews about the exchange vary, but the majority are positive. Users appreciate the reliability and convenience of the service, although some mention delays and support issues.
In general, the Coinmama exchange is a worthy choice for cryptocurrency exchange at a favorable rate, despite the lack of trading options.
Author: Irina S
Also read: bitMEX: Full Review of the Cryptocurrency Exchange and Reviews.