How to use Coinmama? (The complete guide)

The cryptocurrency world is a big place where new tokens and companies are joining all the time. We want to discuss a new crypto exchange that fewer people know about. This crypto exchange platform is called Coinmama and we want to discuss what it is.

Coinmama is a centralized cryptocurrency exchange and we will discuss how it works. We will also talk about how you can sign up and trade in Coinmama. 

You can also read: What is SHINJA? (A Kusari Blockchain to Transform DeFi)

Coinmama is a centralized cryptocurrency exchange, which means a company owns it. There are a set of pros and cons that makes coinmama suitable for some users. On the other hand, it’s not so great with other tasks. but we will further discuss that later.

What is Coinmama?

Before we get to the details, we should have a short history of the Coinmama app. Then, we will discuss what are the Coinmama app features.

And also what features will help users have a better experience using Coinmama. We will get to that in later parts. The Coinmama exchange is one of the most easy-to-use crypto exchanges.

A brief introduction to Coinmama

On the other hand, The Coinmama crypto exchange is quite different from the leading exchange, Binance, and Coinbase. Unlike them, the Coinmama app is perfect for different purposes and various customers. 

New Bit Ventures Ltd. has developed the Coinmama exchange and Coinmama app. They aimed to create a crypto exchange where new users can easily buy and sell. However, there are also other features, other pros, and cons to the Coinmama app. 

Therefore, let’s discuss the pros and cons of the Coinmama centralized crypto exchange platform. 

What are Coinmama’s Pros and Cons

The Coinmama exchange has a set of great features that crypto users can use. In this section, we want to discuss the pros and cons of using the Coinmama app. 

We will also discuss how you can get to your account through Coinmama login. 

Pros

First, let’s discuss the pros. The Coinmama app is a very easy-to-use and user-friendly crypto exchange. This means that newcomers to crypto can start purchasing cryptocurrencies easily. 

Therefore, if you are new to the crypto space and don’t know much yet, Coinmama may be perfect for you. Not only that but there is also a Coinmama app. Then, users can start buying crypto tokens using their smartphones.

Another Coinmama app pro is that you can deposit through many various options. Therefore, you can deposit your money into the Coinmama app exchange through your credit card. You can also use other methods to deposit into your Coinmama app. 

You can also do bank transfers to deposit assets into Coinmama. 

Cons

Now, let’s get to the Coinmama app cons. The coinmama has also some cons that you should know about, before signing up.

The first thing that you should consider about Coinmama is that there is no wallet. Sure you can log in through the Coinmama login, but you won’t have a wallet. Unlike Binance and Coinbase which will give you wallets in your crypto exchange account. 

Maybe the biggest con about the Coinmama app is the high transaction fees. If the developers can update and get rid of some cons, more users will use Coinmama. 

Now, let’s discuss some of the other Coinmama cons that you might experience. Another one is that the Coinmama exchange only has a limited number of coins. They can only buy from a selected number of coins.

How to Buy and Sell a Cryptocurrency with Coinmama?

Now, let’s discuss how you can buy and sell from Coinmama. As we mentioned above, coinmama is perfect for purchasing crypto tokens quickly. Coinmama doesn’t have a wallet and it has high transaction fees.

Then, it is great for you if you are looking for an exchange to buy tokens. To do that, you should first create an account in the Coinmama app. After that, visit Coinmama login and then you can start purchasing crypto.

How do I sign up and use coinmama?

 To do that, you should first visit the Coinmama website, or install the Coinmama app. To visit Coinmama, you tap on the Coinmama login link.

There, you can tap on Buy to start buying crypto tokens quickly. To do that, you can use the Buy and Sell box located at the top left side of the screen.

You can also tap on Sign Up and create a new Coinmama account. After you have created an account at Coinmama, you can enter your account using Coinmama login. 

Coinmama login is quite simple. All you need to enter in Coinmama login page is your credentials, username and password.

As you can also see in the picture, there is also a signup button on the Coinmama login page. Then, you can create an account and then start buying and selling on Coinmama. 

Conclusion

Coinmama is the name of this centralized crypto exchange. Like any other crypto exchange, Coinmama has some features and some cons. Coinmama is the perfect exchange for you if you are in a rush to buy quickly and once. Because of high transaction fees, it wouldn’t be smart to keep buying from Coinmama.

One of the best qualities about Coinmama is that you can purchase it quickly. After you entered through Coinmama login, you have done most of the job. Then, you deposit funds into your Coinmama app account.