Trust Coinmama: Secure Bitcoin Transactions (2024)

FAQs

Trust Coinmama: Secure Bitcoin Transactions? ›

Certainly! Trust in Coinmama is paramount. Our unwavering commitment to security, regulatory compliance, and transparent operations solidifies our reliability. With a proven track record and a user-centric approach, Coinmama assures a trustworthy environment for all your cryptocurrency endeavors.

How long does it take to get my bitcoin once I've paid? Coinmama sends the coins within 1 hour after both your payment and wallet address have been confirmed. Where can I get a Bitcoin wallet? Can I sell bitcoins on Coinmama?

Transaction hashing, mining, block confirmations, and game theory all work together to make Bitcoin's blockchain impenetrable. Since the first transaction block in 2009, the network has never once shut down – and no bitcoin has ever been stolen from the blockchain. Bitcoin's track record of security speaks for itself.

Coinmama is available to users in 188 countries and 48 U.S. states, excluding Hawaii and New York. It gives customers the option to purchase crypto using credit cards, debit cards, bank transfers, and Apple Pay.

Look for a wallet confirmation link in your email and click on it if the wallet address is correct. Once your payment has been approved and your wallet address confirmed, we will immediately deliver the coins to your wallet! You'll be able to track the status of your orders at all times under 'My Account'.

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.

The friendliest crypto exchange

Your crypto is sent immediately after both your payment and wallet address have been confirmed.

Coinmama is an online cryptocurrency exchange supporting the purchase of cryptos. Launched back in 2013, Coinmama is registered in Slovakia +1-818-284-6227, while owners New Bit Ventures are based in Israel.

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.

How long does it take for Coinmama to verify your account? ›

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.

To sell Bitcoin on Coinmama, sign up or log in, hit “sell,” specify the Bitcoin amount, select your payout method (SEPA or SWIFT), enter your bank details and personal information, and transfer your Bitcoin to the provided address. Once confirmed on the Blockchain, Coinmama will send the fiat to your bank account.

The first step in buying bitcoin with your account and routing number is to choose a reputable exchange platform. Look for a platform that has a good reputation, offers competitive exchange rates, and supports bank transfers. Some popular exchange platforms you may consider include Bitget, Coinbase, Kraken, and Gemini.

How long does it take to receive and send Bitcoin? All Bitcoin transactions require six confirmations in the Blockchain from miners to be processed and credited to your account. In general, Bitcoin transactions usually take from one to one and half hours to complete.

Delays can occur for several reasons, including network congestion, issues with a platform, and incorrect withdrawal details. Based on the platform and asset, withdrawals usually take around 30 minutes to 2 hours. You can speed up some transactions stuck in pending by sending another transaction with higher fees.

On average, it takes about 11 minutes for a single Bitcoin confirmation. Therefore, a successful transfer can take between 30 and 60 minutes to be confirmed on the blockchain network. Factors such as network congestion and transaction fees can also impact the speed of a Bitcoin transaction.

Why is my crypto transfer taking so long? It could be because the Bitcoin network is very busy or because the fee you paid for the transaction was too low.