Coinmama founded in the year 2013. It was created with the motto that the world can find an easy way to buy Bitcoins (BTC).
It is in practice over 190 countries and territories. Coinmama users can buy Bitcoin as well as five different cryptocurrencies, here listed Fast & Easy Ways To Buy Bitcoins From Coinmama
Types of cryptocurrencies
Ethereum Classic (ETC)
Bitcoin Cash (BCH)
Setting up your Coinmama account
To buy Bitcoins from Coinmama, first you have to set up your account.
As a start you have to register your email address and get verified for purchase.
In order to the risk management policy, Coinmama verifies all of its users' email acccunt for compliance with regulations.
If you are willing to have a fast and smooth verification process, then before account setup first you have to gather your government issued personal information such as a driver’s license or passport, your smartphone.
Go to www.coinmama.com, and click “sign up”
Enter your first and last name, your email address, password of your choice, and country of residence.
Then click create an account button.
Check your registered email id there you will get an email link for verification, this link will acknowledge your owner identity.
Click that link in the email to complete the registration process.
2.Get Verified for Purchase
Enter here your personal information, including your full name and address, then click “Next.”
Next step, you have to Upload a photo of your government-issued identification card. Upload both the front and back of your ID card.
Make sure that the image is clear.
Upload your recent photo, then click “Send for approval
Here you can also add your selfie by ,uploading a photograph of yourself holding the paper as well as the ID you’ve just uploaded.
Your face, the ID, and the paper all need to be fully visible.
After this step wait for some time until the coinmama verification team will review the information that you submitted.
If all your information is ok, then your identity should be verified in about fifteen minutes.
Once your account is verified, you’re ready to buy Bitcoin!
Place your first order
After the account set up and verification is complete, you can buy cryptocurrency with Coinmama.
You have options of different wallets to store your favorite cryptocurrency.
You need to just choose the crypto wallet that best suits your needs.
After choosing your Bitcoin wallet, think of which cryptocurrency you want to buy, and how much.
Choose your cryptocurrency
Log into your Coinmama account, then click “buy.”
You are now redirected to the “buy cryptocurrency” page.
From that dropdown menu, choose which cryptocurrency you’d like to purchase, and also the currency
Coinmama accepts all cryptocurrencies, but note that if your bank account is in a country that uses a currency other than USD, EUR, GBP, AUD, or CAD, you may be charged a foreign transaction fee by your bank
Choose an amount. You can select a package, or enter the fiat amount or crypto quantity you’d like to buy.
Then click “Buy now.”
Add your Bitcoin wallet and payment details
Enter your cryptocurrency wallet address.
Keep in mind, different wallets are used to support different cryptocurrencies, so here if you buy Bitcoin, you’ll need a Bitcoin wallet.
For example If you buy Ethereum, then you’ll need an Ethereum wallet
If you have doubt with your cryptocurrency wallet address, try clicking on “receive funds” or something similar from your wallet provider’s application or website.
Each cryptocurrency wallet provider is different, so it’s best to contact them with any questions.
Select Carefully The Payment Method
You can choose your own payment method, to buy bitcoin
The options are, you can buy with credit card, debit card, or bank transfer.
Select your preferred payment method, then click the buy button.
Enter your payment details. Enter your credit card details if paying by credit or debit card.
If you pay via the bank transfer, then log onto your own online banking system and transfer the exact amount shown to the Coinmama bank details provided.
Bank transfers through the SEPA usually take 1-2 business days to post
while SWIFT bank transfers can take up to 3 business days.
Coinmama will be unable to lock the cryptocurrency rate on bank transfer orders until payment is received.
Confirm your cryptocurrency wallet address
Consequently, to confirm your wallet address, check your email link
If you buy Bitcoin with a credit card or debit card, you will receive your Bitcoin wallet confirmation link once your payment has been received.
If you pay with a bank transfer, the link will be in the order summary email.
Because wallets are hosted through third-party applications and providers,
Coinmama will not be able to retrieve any funds sent to the wrong address.
If everything looks ok, then click on the link to confirm.
Wait for your coins
You receive your bitcoins about 10-20 minutes, If you buy with a credit or debit card.
If you pay with a bank transfer, then it usually takes 1-3 business days to receive your bitcoins
Thats all you now owned your first Bitcoins from Coinmama