Coinmama is a trading platform for Bitcoin and Ether, with over 200,000 clients. Users can pay by credit or debit card, or with cash with Western Union.
Coinmama currently operates in 226 countries worldwide.
In order to trade, register for an account, choose the amount of Bitcoin or Ether you want to buy and click on “Buy Now”.
The minimum purchase amount is 60 USD. Coinmama’s pricing is displayed in USD or EUR, but they accept all currencies.
There is a daily and monthly spending caps incurred by the payment processors:
- Credit card (daily): 5.000 USD/EUR
- Credit card (monthly): 20.000 USD/EUR
Since there is no central bank controlling the bitcoin rate, every website has its own fee. The price you see on the Coinmama website is the bitcoin rate which includes their fee of 6.30%.
For credit/debit card transactions, the credit card processing fees is an additional 5.65% (minimum USD10).