The numbers of cryptocurrencies exchange platforms are greatly increasing all over the world, and I wouldn’t consider that fascinating, because like they say; cryptocurrency is the future. And as the popularity of the digital currency industry which started with Satoshi’s Bitcoin continue to flourish, a teeming population of its traders needs to buy, sell and exchange the top coins like Bitcoin, Litecoin, Ethereum, and Ripple through the simplest means possible. This is one of the reason cryptocurrency exchange industry is also on the rise. And if there is any exchange that has stood the test of time, rising above other exchanges that have saturated the market, it is COINMAMA.
WHAT IS COINMAMA?
Coinmama as established earlier is an exchange platform. It is based in Europe and it that enables the use of any credit or debit card (Visa and MasterCard) to purchase cryptocurrencies using fiat equivalents (USD and Euro). It should be noted that as much as Coinmama supports the buying of cryptocurrencies, it does not provide a platform for trading in cryptocurrencies. Hence, you cannot sell cryptocurrencies on Coinmama. It also does not have a built-in wallet. So if you wish to purchase from Coinmama, you must have had a cryptocurrency wallet.
Coinmama was found in 2013 in Bratislava, Slovakia, and t is available in 226 countries in total. It was established with the aim of providing users with a faster, safer, and a more efficient way of buying cryptocurrencies. With time, its popularity as one of the easiest exchange platforms that allows Bitcoin and Ethereum purchase via a credit card, as opposed to other platforms that does not allow the use of credit card in purchasing coins grew. And as such, the justification for transaction changes hinged on this popularity. Apart from this distinguishing factor, you can also enjoy a high spending limit that allows you to buy coins that you want without holding back. You also get to enjoy fast-track verification where the documents you upload are reviewed within an hour And finally, you get your coin instantly delivered when you place order and confirm your wallet. Enough of the benefit Coinmama, lets discuss opening a new account.
Opening an account on Coinmama
Here’s a step-by-step guide on how to create an account with this world leading cryptocurrency brokerage company. On the average, it will approximately 10 – 15 minutes of your time.
STEP 1: Sign up
Go to www.coinmama.com you will be greeted with a similar homepage like the above depending on your type of device, be it a mobile phone, tablet or desktop, click on the “sign up” button.
STEP 2: Register
By clicking the “sign up” button, you will be directed to the registration page where you are required to submit some basic information, which when duly completed, click on the “create account” button
STEP 3: Confirm Your Account
By clicking on the “create account” button, an instruction will immediately appear on your screen, directing you to please check your email to confirm your account.
Therefore, you are expected to open your inbox and click on the link provided by Cionmama as shown below.
The link will direct you a page where you received a confirmation message which indicate the successful confirmation of your email address and an instruction to continue to your coinmama account.
STEP 1: Verify your account
Following the successful creation of your coinmama account, verification is essential for you to be able to buy Bitcoin and Ethereum, and, for coinmama to know you as a user in order to prevent any related fraudulent activities and financial crime.
To do this, clink on the “Buy bitcoin” that appears in your account.
STEP 2: Submit your personal Information
Users should note that, the more you add, the more you can buy. Therefore, fill in the correct and adequate information required.
STEP 3: Upload other means of Identification
This include passport, national identity card or a driving license and a current photograph of you holding your identity card and a paper with “Coinmama” and today’s date boldly written on it as shown below.
The information submitted will be reviewed by coinmama within 24 hours, and once the verification process is completed, a notification will be forwarded to your email. you can now start buying bitcoins, and proceed to the level of your verification if you wish.