CoinMama – Buy Bitcoin with Credit Card
Coinmama is an Israeli financial service startup company established in 2013 and situated in Ra’anana. The core business of the company is to provide an online platform that enabled users to buy bitcoin with a credit card.
Coinmama’s countries of service
Coinmama operating in 217 countries worldwide.
Check the full list here: CoinMama Country Of Service
The buying price is Coinmama’s bitcoin rate and includes a fee of 5.50%. Besides that, the Credit Card provider charges an additional fee of 5%.
The verification process is quite simple and fast, you need to identify yourself by providing a high-quality image of your ID. Make sure your image is clear and all the necessary information is visible otherwise Coinmama team will reject your verification and you will need to upload a new file.
There are 3 levels of verification:
1. Level 1 – up to 10,000 USD: Requires 1 valid government-issued ID
2. Level 2 – up to 50,000 USD: Secondary-ID is needed and another proof of address or selfie of you holding your ID.
3. Level 3 – up to 1,000,000 USD: Requires filling a short form.
Coinmama’s Payment Method
Coinmama accepting Credit Card and Debit card as long as the issuer is Visa or Master Card. The minimum purchase amount is 60 USD (or its equivalent in EUR). All currency supported.
The Bitcoin / Ethereum rate will be locked at the time of purchase.
Daily spending caps: last 24 hours from the moment the order is placed:
- Credit card (daily): 5.000 USD/EUR
- Credit card (monthly): 20.000 USD/EUR
Coinmama’s coupon code
From time to time Coinmama have discounts, worth to search around the web a Coinmama coupon code
The steps to buying bitcoin with a credit card via CoinMama.com
- In order to start the buying process, there is a need to create an account at coinmama.com. The registration process is very basic and requires the mandatory fields such as user email, desired password, first the last name and the user country. After ticking Coinmama’s terms and condition box a confirmation mail will be sent to the user inbox.
- Inside the Coinmama’s “My account” you will find the option to buy Bitcoin or to Buy Ethereum. Just choose the amount of Bitcoin/ Ethereum you want to buy and click on “Buy Now.”
- Please note: In order to choose the payment method and to complete the buying process your account must be verified. The verifying process is due to Coinmama’s policy to prevent money laundering. To verify your account, you need to submit a valid government-issued ID.
– International passport (double page)
– A national ID card (both sides)
– Driver’s license (both sides)
- After verifying your account, you will be able to complete the payment process. At the moment only a Credit card and debit card (Visa and MasterCard ) available at the Coinmama’s platform.
- Insert your Bitcoin / Ethereum wallet address, and confirm the payment request by clicking the link in the confirmation email that has been sent to you.* Once Coinmama has received the payment, the Bitcoin / Ethereum will be sent to the wallet address you provided.