Coinmama Made Easy
Bitcoin Made Easy’s review and tutorial of the Bitcoin service Coinmama.
Key Features Of Coinmama
Rated 4.5/5 By Bitcoin Made Easy
CoinMama specialize in selling bitcoins for credit card to nearly anyone in the world.
We think their fantastic service is quick and easy to use, their fees are relatively low as long as you are buying over $250 worth and they have the highest limits for buying bitcoin with credit card (they allow $5,000 per day).
You Can Buy Bitcoin With These Cards:
Coinmama cover nearly every country in the world - 226 countries in total.
The exchange fee at CoinMama is a flat $10 so the total fee varies depending on the quantity purchased.
Unfortunately Coinmama do not have a web wallet, we recommend you use the Jaxx wallet found here.
Ease Of Use
Super easy to use on Mobile, PC and tablet.
CoinMama is quick and easy to use but once you have submitted your ID, you will need to wait for them to verify it, this can take as little as 15 minutes but much longer outside of their hours of business.
Coinmama have the biggest allowances by far at $5,000 USD/EUR daily.
What You Need
Using Coinmama couldn’t be more simple. Here are the 4 key things you need to start using Coinmama.
An email address
A mobile phone, desktop or tablet
Your credit or debit card
Valid identification (e.g. passport, driving license)
Coinmama Made Easy Tutorial
Below you can find a video plus a step-by-step guide on Coinmama Made Easy.
We recommend you watch this full video tutorial with your volume turned on. You can also watch this video split up into steps if that’s easier for you, just scroll down the page to watch these.
Opening an Account
Takes Approximately 15 to 20 minutes
(+ from 15 minutes to 1 day awaiting ID verification)
Now login to your CoinMama account and select ‘Verify Identity’ from the left-hand menu. First you input your Name, Date of Birth and Address. You then need to upload a photo of the front and back of your passport, driving license or national ID card.
Take a photo of your ID and upload it to your computer.
Make sure that all four corners of your ID are visible and that the photos are light, clear and in focus or they will reject your ID and the process will take longer.
You will receive a notice informing you that they have received your ID and will email you once it is confirmed.
In our experience, they are very fast to confirm IDs, usually within 15 to 30 minutes.
Please note that they do state that it can take up to 24 hours if it is outside of their normal office hours. CoinMama office hours are Sunday-Thursday 6:00-14:00 GMT (2AM-10AM EDT / 11PM-7AM PDT).
Once you receive your ID confirmation email, you will be able to buy and send Bitcoin very easily and super quick – it only takes 5 to 10 minutes!
Buying & Spending Bitcoin
Takes approximately 5 to 10 minutes
At this point, if you are buying your Bitcoin to purchase something on a webstore, you should make your order so that you know the total value of your order.
Login to your account and Select ‘Buy Bitcoin” in the top menu.
On the Buy Bitcoin page, select your preferred currency: USD or EUR.
You will see buying options from 0.5 to 2 Bitcoins for thousands of dollars –just scroll down the page until you see ‘Buy a different amount’. You can then enter the exact amount of Bitcoin you want to buy.
The page will then show you how much this amount of bitcoin will cost in USD or EUR. You can then click on ‘Buy Bitcoins’.
This page offers you payment options, select ‘Credit/Debit card via Simplex’.
Now you need to insert your Bitcoin address. If you are buying from a webstore this will be the Bitcoin payment address they have supplied you. If you have set up your own Jaxx wallet or other Bitcoin wallet then you will put in this address here using copy and paste. A Bitcoin address is an identifier of 26-35 alphanumeric characters, beginning with the number 1 or 3.
Now click on ‘Complete Payment’. A pop-up box will appear asking you to verify your Bitcoin address again, re-verify and then click on ‘Complete Payment’ again.
You are now on the Simplex Card Payment site, so check the amount they are charging is correct and then enter your address. Proceed to the next page for your card details. This concludes your payment.
You will need to open your email client and verify the Bitcoin address again by clicking on the link provided.
Lastly, you will get an email from Simplex confirming the payment request has been submitted and then another, stating it has been approved. You will also get an email from CoinMama once the whole order is completed.
If you want to check the status of your Bitcoin purchase, select the ‘my account’ tab on the top menu on your CoinMama account. It should normally show as ‘sent’.
Coinmama sends Bitcoin immediately after both the client’s payment and wallet address have been confirmed. You may experience delays outside of business hours (GMT +3).
Take a look at our FAQ below.