They also offer live chat option to users but it is not available 24×7. Account levels are determined by the amount of personal information you provide. They charge around 6%. Since they accept bank transfer, credit cards and debit cards as a payment method Coinmama is a versatile platform that doesn't hold you back. At Coinmama, you can exchange your fiat currency, such as dollars or Euro, for several cryptocurrencies. Currencies supported by Coinmama include GBP, CAD, EUR, USD and AUD. You'll receive an email if the files were successfully uploaded, and your documents will then be reviewed by our compliance department. While it is possible to sell on Coinmama the platform is not designed for sales outside of Europe. For that reason, at Coinmama we want to make sure that when you buy Bitcoin online, it’s something you’re really intending to do. A hardware wallet like a Ledger or Trezor is always a great choice. Second, it protects Coinmama against volatility. A derivatives exchange offers products like futures or options. If you’re hesitant to use credit card, you can just send money through Western Union after the verification is complete. A verified Coinmama account is key if you want to buy Bitcoin. These allow traders and investors to bet on future prices. Giving out your credit card information to Coinmama is totally secured. Next, write “Coinmama” and today’s date on a piece of paper. Make sure that all four corners of your ID are visible in the photo, and that the details on your ID are legible. Here we’ll explain why we verify our accounts and how to get verified. Derivatives exchanges also commonly have leverage which allows crypto traders to use margin to take out a larger position. If you continue to use this site we will assume that you are happy with it. We've sent a verification email. Coinmama is a property of New Bit Ventures Ltd and is operated by NBV International s.r.o., company #50677373 – Prievozská 4D, Bratislava 821 09, Slovakia, How to Get Verified for Coinmama (Level 2), 3 Reasons to Love Your Bitcoin Calculator, How to buy Cardano (ADA Coin) with Coinmama, How to Buy Ethereum and Other Cryptocurrency with Coinmama, How to Buy Bitcoin Online with Coinmama in 2019, Bitcoin (BTC) Halving History With Charts & Dates. Traders from the following states may not use Coinmama: Also, traders from the following countries may not use Coinmama: Here is where it gets interesting though. A recent utility bill serves as a proof of residence. At this level there is a 25% reduction in Coinmama purchase fees. 5. Similarly, if your name is Usain ThunderBolt, we'll know you're not. Choose the ID type you want to upload, based on your country of residence. Spot exchanges are the most common and they're the platform that most people think of when they're talking about an "exchange." When you buy Ethereum or any other crypto on Coinmama, using any one of their various payment methods, you have to supply a crypto address. You will be asked to upload one additional valid government-issued ID and a utility bill. Coinmama charges a commission each time someone uses their platform to buy Bitcoin or any other cryptocurrency. The good news is that Coinmama claims that their verification process can be completed in as little as 15 minutes! purchase Bitcoin using their credit cards, A non-US international passport (double page), A utility bill (paper bill or internet bills are not accepted, save for bank statements). Anyone know if they take a lot of time to verificate my profile? for tips on how to take the perfect selfie. If you want to buy even more Bitcoin, Ethereum, or other cryptocurrency, you’ll need to upgrade your account verification to Level 2. Requires 1 valid government issued ID. When it comes to cryptocurrency exchanges there are several different types. If you want to know what documents are required to achieve each KYC verification level you can check Coinmama's website. Register your email address: You can do so by entering your email address in the white field on our homepage, then choose your password and the country that you will be placing your orders from. Level 2 verification raises your Coinmama account’s spending limit to 50,000 USD! Then upload the photo to your account. Also, you can find many customer support topics already documented in the Coinmama help section. Yes, Coinmama does require a valid government issued ID in order to purchase cryptocurrencies on their platform. A government-issued ID that’s different from the one used for Level 1 verification, from an area we serve. Coinmama’s account verification process helps us keep our customers safe, fight fraud on the blockchain, and allows us to comply with local regulations. Traders and investors ask: is Coinmama safe, and the answer is definitely yes. Then there are the buying platforms, also known as onboarding platforms, which is where Coinmama comes in. Let's start off with an overview of the platform. Follow the prompts to upload your second ID. For people participating in the Hong Kong protests, Bitcoin may be a path to financial autonomy. Credit card daily limit of $7,500 and banking limit of $30,000. Join Coinmama today Become a part of the financial revolution. This is in part because Bitcoin is a relatively new currency that many people don’t fully understand, in part because people often see Bitcoin as a way to “get rich quick,” and in part because of the perceived anonymity of cryptocurrency. Having an uploaded image of your ID along with a photograph of you holding that ID protects you from identity theft and prevents someone else from impersonating you. Once you're done, click next. You must scan the entire front page of the bill with all four sides showing, or upload an electronic PDF. This markup serves two purposes. Users from the United States can upload a passport for Level 2 verification. If you are on desktop and would like to continue the process with your cell phone, click the blue button and scan the QR code: Don't have a QR scanner?
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