Coinmama Review: One of the World’s Biggest Player in Crypto-Industry

Most of you who are here must be heard about the cryptocurrency trading platform Coinmama.

If yes, then, you are in the right place as in this article, we are going to take a detailed review of the coinmama crypto trading platform.

In this Coinmama review, we are going to learn about its different aspects like “what is coinmama?”, features of its coinmama, referral commissions(affiliate program) and many more. Let’s start the detailed review of coinmama:

What is Coinmama?

Coinmama is one of the renowned cryptocurrency exchange and trading platforms to buy and sell crypto with the help of credit cards, debit cards or bank transfers.

It was launched in 2013 in Slovakia by Israeli businessmen. Nowadays, its user base is more than the size of a country i.e 2300k+ with operations in more than 197 countries across the globe.

Currently, coinmama use to support more than 80 cryptocurrencies which includes Bitcoin (“BTC”), Bitcoin Cash (“BCH”), Cardano’s ADA (“ADA”), EOS (“EOS”), Ethereum (“ETH”), Ethereum Classic (“ETC”), Litecoin (“LTC”), Qtum (“QTUM”), and Tezos (“XTZ”).

Key Feature of Coinmama:

In this section of coinmama, we have listed down the silent features of the coinmama.

There are lots of key features of the coinmama cryptocurrency trading platform is available. Some of them are listed below:

  • Support: The support offered by the coinmama is very fast, intrective and in almost major language around the globe. The Staff who support you is very talented and un-comparable with many other crypro trading platform.
  • KYC: The kyc or user verification process offered by the coinmama is ultrafast but slower than some some crypto exchange like Wazirx.
  • High Spending Limit: Many of the cryptotrading platform usually limits on much a user can spend on daily and monthly basis. But in case of coinmama, it does not offer any type of limit to its user.
  • Delivery: When you sell a coinmama crypto, then, you are goin to get the money in your account in approx 24 hours which is preety fast.
  • Payment Method: Coinmama almost accept every types of payment starting from debit card, credit card and goes upto UPI.
  • Simplicity: The UI offered by the coinmama is simple to use even handdy for beginer.

Coinmama Affiliate Program:

Coinmama is inviting affiliate marketers around the globe to join the affiliate program offered by them. The approval process offered by the coinmama is very simple as the time taken in the approval process is not more than 5 minutes.

After the approval, you can log in to their affiliate dashboard. Here’s a screenshot of its dashboard:

coinmama affiliate dashboard

Affiliate Comision:

During my Coinbase affiliate review, I found some tricky in its commission rate.

Initially, when you join the affiliate program of the coinmama. Your affiliate commission is set to 15% on the amount earned by the coinmama by your referred users. After a great performance, your commission rate will be shifted to 30%.

When and How do you get paid?

Youn payment will be transferred on monthly basis to you if you successfully cross the benchmark of $100 through Bitcoin and Crypto-currency.

Key-features of Coinmama affiliate Program:

There are lots of key features are available that used to favour common affiliate marketers. Some of these key features are listed below:

  • They does not take time in the process for approval.
  • You will earn on the passive income as they offer on the recurring basis.
  • Initally, the commision rate is preety low, after some time it beome too good.
  • Affiliate Marketer can track sales in a real time manner.

Pros and Cons:

During our detailed review of coinmama, we found lots of pros and cons that are being offered by the coinmama. So, some of these pros and cons are listed below:

Pros:

  • The Ui offered by the coinmama is user friendly for new as well exprience user.
  • They offer almost every type of trusted crypto around the world.
  • They support more than 50 curencies across the globe.
  • You can make purchase in 80 seconds.
  • The verification process is hyperactive.

Cons:

  • No dedicated tools for trading for any cryptos.
  • No dedicated call center for every country.
  • It only supports sale of the bitcoin.
  • Users must verify its identity for buy and sell cryptos.

How to signup on the Coinmama platform?

As a user, you must have to follow the following steps to become an active user. These steps are as follow:

  • Go to the home page, click on the signup button,
  • Fill up the form,
  • Now, you have to submit Government-issued ID, Your mobile phone with a working camera to take a selfie.
  • After the succesfull verification, you are ready to trade in the platform.

Fees and Charges:

Buying Fees:

The prices of the cryptos in the coinmama is based on the TradeBlock XBX. The price listed on the platform stands above 2% and 3.9% as the commission fee and there is 5% as a momentum charge.

Selling Fees:

Selling rates are calculated on the basis of XBX Index average + 2% (STD dev) + Coinmama sales fee of between 0.1% and 0.9%

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