CoinMama Review 2021

Coinmama aim to make entering the crypto market as easy as possible, offering BTC,ETH,LTC,ADA,BCH and XTZ

CoinMama is broker that offers traders Cryptocurrency. Surprisingly, CoinMama does not support either of the enormously popular MetaTrader platforms (4 and 5).

In terms of features offered to traders, CoinMama has Demo Accounts but is missing Islamic Accounts, Social Trading, Signals and Auto Trading.

Cryptocurrency traders have a very decent number of coins to trade at CoinMama, 6 in fact: BTC, ETH, LTC, ADA, BCH and XTZ.

Please note that CoinMama is an unregulated broker. With no regulatory oversight a broker can offer higher leverage and other features that regulated brokers can not, but it also means that traders need to be more careful. Don't deposit large sums before you feel confident that the operator is trustworthy.

CoinMama Summary

Coinmama aim to make entering the crypto market as easy as possible, offering BTC,ETH,LTC,ADA,BCH and XTZ

Ratings

20%
Trust
16%
Instruments
14%
Features
BonusNone
InstrumentsCrypto
Demo Account✓
Min. Deposit€/£/$100
Min. Trade€/£/$100
Regulated By
MetaTrader 4✗
MetaTrader 5✗
cTrader✗
DMA Account✗
ECN Account✗
Mobile Apps ✓
Auto Trading ✗
Trade Signals ✗
Social Trading✗
Copy Trading✗
Islamic Account ✗

Cryptocurrency Trading

Coinmama aim to make entering the crypto market as easy as possible, offering BTC,ETH,LTC,ADA,BCH and XTZ

SpreadVariable From 6%
CoinsBTC, ETH, LTC, ADA, BCH, XTZ

Payment Methods

CoinMama accepts the following payment methods:

  • Simplex
Risk Warning – Your capital is at risk

FAQ

Is CoinMama Safe?

In our review we gave CoinMama a low trust score of 20%, which means that traders should try things out before they deposit any larger amounts. What impacted the trust score the most is the fact that CoinMama is not regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.

Does CoinMama Accept PayPal?

No, CoinMama does not accept PayPal payments.

Is CoinMama Halal?

Probably not, as CoinMama does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.

Is CoinMama Regulated?

No, unfortunately CoinMama is unregulated as far as we know. Prudent traders will want to check out the list of FCA regulated brokers for alternatives.

CoinMama vs Other Brokers

If you want to compare CoinMama with other brokers, use the detailed comparisons below.

CoinMama vs
Coinmama aim to make entering the crypto market as easy as possible, offering BTC,ETH,LTC,ADA,BCH and XTZ