CoinMama Review 2022

Coinmama is a popular cryptocurrency trading exchange, aimed at beginners and high-net worth investors.

CoinMama is broker that provides access to Cryptos. Surprisingly, CoinMama does not support either of the enormously popular MetaTrader platforms (4 and 5).

Cryptocurrency traders have a very decent number of coins to trade at CoinMama, 9 in fact: BTC, ETH, LTC, BCH, XRP, DOGE, UNI, LINK and XTZ.

Careful traders will be pleased to know that CoinMama is licensed to provide trading services by multiple regulatory bodies, 2 in fact. Note, however, that the FCA here in the UK is not among them. Prudent traders might want the extra safety of going with an FCA-regulated broker.

CoinMama Summary

Coinmama is a popular cryptocurrency trading exchange, aimed at beginners and high-net worth investors.

Ratings

40%
Trust
16%
Instruments
0%
Features
BonusNone
InstrumentsCryptos
Demo Account
Min. Deposit$30
Min. Trade$30 to buy, $100 to sell
Regulated ByFinCEN, FINTRAC
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps Android only
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 big tokens like Bitcoin and Ethereum

SpreadFrom 2.93% to 3.90%. Express fees of 0-5.00% also apply.
CoinsBTC, ETH, LTC, BCH, XRP, DOGE, UNI, LINK, XTZ

Payment Methods

CoinMama accepts the following payment methods:

  • Skrill
  • Wire Transfer
  • Apple Pay
  • Google Pay
  • Debit Card
  • Credit Card
  • Swift
Risk Warning – Your capital is at risk

FAQ

Is CoinMama Safe?

Yes, most likely, as we gave CoinMama a trust score of 40% in our review. The main negative factor in this score is that CoinMama is not FCA regulated. However, very 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 in the UK?

No, CoinMama is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for safer options

Is CoinMama Regulated?

Yes, CoinMama is regulated by 2 different regulators: FinCEN and FINTRAC.

The fact that CoinMama is not regulated by our own FCA will be a concern to the most careful traders. See our 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 is a popular cryptocurrency trading exchange, aimed at beginners and high-net worth investors.