Coinmama in Russia: Simplified Bitcoin Buying (2024)

FAQs

Can Russia buy Bitcoin from Coinmama? ›

How to Buy Bitcoin in Russia: Coinmama's Convenient Solution: Coinmama offers a quick and easy way for Russians to purchase Bitcoin using Rubles. Credit or debit cards issued by VISA or MasterCard are supported.

Russia has 4 trusted exchanges available for you to sign up for, with the most popular being Binance and ByBit, which account for a combined 235,000,000 active users. After signing up to an exchange you will need to verify your identity and address, which is part of the Know Your Customer (KYC) process.

Coinmama currently allows bank transfer purchases of up to 12,000 USD a day, and unlike credit and debit cards, there is no additional processing fee charged by us for bank transfers.

The friendliest crypto exchange

How long does it take to receive my crypto after paying? Your crypto is sent immediately after both your payment and wallet address have been confirmed.

The lower house of Russia's parliament on Tuesday approved a law that permits making international payments via cryptocurrencies, local media reported. Russia's central bank is itself looking to move money across borders using crypto before the end of 2024, Governor Elvira Nabiullina said.

OKCoin App Russia

OKCoin is appealing to Russian traders because it offers both basic and advanced systems for trading cryptocurrencies. The trading app allows Russian residents to purchase crypto with wire transfers.

In response to mounting financial pressures of Western sanctions, Russia enacted significant legislation legalizing cryptocurrency mining and permitting the use of cryptocurrency for international payments.

Bitcoin – the first and most popular cryptocurrency in the world totals to around half the overall crypto market cap. In 2020, Russia's Bitcoin trading volume on online exchanges was listed second in the world (after the US), with double the trading volume of the whole European Union.

Bitcoin ATMs in the Russian Federation were scattered across the country in 2024, with Moscow having the most of them. The country was estimated to have around 74 cryptocurrency withdrawal machines that allows users to connect to a Bitcoin wallet or exchange.

The company is headquartered in Ireland, and it was founded by Nimrod Gruber, Laurence Newman, and Ilan Schuster. Coinmama supports nine digital assets at the time of publication, including Bitcoin, Cardano, and Ethereum. Coinmama is available to users in 188 countries and 48 U.S. states, excluding Hawaii and New York.

How long does Coinmama verification take? ›

Submit required documents: a government-issued ID, a selfie with the ID, and proof of residence. Wait for verification, usually within a few hours. Once approved, enjoy unrestricted access to Coinmama's features, ensuring a secure and compliant trading experience.

One popular option is Coinmama, which allows you to buy, sell, and store both bitcoin and Ethereum in one place. To get started, you'll need to create an account and verify your identity.

Coinmama operates seamlessly in Russia. You can confidently use our platform for secure and accessible cryptocurrency transactions in the country. Join the global community of Coinmama users and explore the world of digital assets with ease.

Bitcoin transactions on Coinmama typically take a few minutes to an hour to process, depending on network congestion and the transaction fee used. However, if it's in the "processing" stage, this could indicate a delay on Coinmama's end, which might take up to 24 hours or longer in some cases.

With a proven track record and a user-centric approach, Coinmama assures a trustworthy environment for all your cryptocurrency endeavors. Join the community of satisfied users who confidently choose Coinmama for a secure and formalized crypto experience.

How many countries is Coinmama? Coinmama is available in over 190 countries worldwide, providing a global platform for secure and accessible cryptocurrency transactions.

Russia to allow crypto payments in international trade to counter sanctions. MOSCOW, July 30 (Reuters) - Russian lawmakers passed a bill on Tuesday that will allow businesses to use crypto currencies in international trade, as part of efforts to skirt Western sanctions imposed after Russia's invasion of Ukraine.

Due to the popularity of BTC, you can buy and sell bitcoin on a variety of exchanges and exchangers. The exchange of rubles for bitcoin is available online.