Join over comment investir bitcoin,000 students, learn all you need to know about Bitcoin. One Email a Day, 7 Days in a Row. One of the first services I’ve ever reviewed on 99Bitcoins, back in January 2014, was Coinmama.
What was special about it back then is that it allowed you to buy Bitcoins with Western Union and was one of the first platforms to ever allow buying bitcoin with credit card. One of the major changes in the Bitcoin industry throughout 2014 is how easy it has become to buy Bitcoins with a credit card. This is mainly due to growing openness credit card processors are showing to the industry. This is a much-welcomed change since without this you’d be bound to the old methods of actually going to your local Western Union counter and depositing money. Coinmama integrates a few card processers in its system and allows you to pay with any Visa or Mastercard you might have. After changes were implemented fees are around 5.
This is due to expensive measures these companies have to deploy in order to avoid fraud and chargebacks. We’re aware that the current commission can be considered pretty high to the average customer and we’re constantly looking for ways to lower it in order to give our customers more value for their money. You get your Bitcoins instantly, of course Last thing that gets dramatically improved is the speed at which you get your coins. In the past you’d have to wait for a wire confirmation to arrive from Western Union. Today, as soon as your payment has cleared, coinmama sends you your coins, which is completely awesome.
This is crucial since sometimes a day or two can mean wide price fluctuations in Bitcoin and you end up buying coins for more or less than you intended. As always I make sure to cross-reference my review with Bitcoin’s subreddit and the Bitcointalk forum. If you’re considering using Coinmama, I made a short screen capture of the whole process to help you out. It is a reputable company, their support is pretty good. The only downfall is the high fees. Unfortunately, this can’t be avoided when using a credit card at the moment. I’d avoid paying the high fees and go elsewhere.
All in all, the service is solid. If you’ve had your own experience with Coinmama, I’d love to hear it in the comment section below. December’s peek led to delays of verifications and processing of orders. Coinmama has been working on upgrading their infrastructures to withstand higher volumes and the waiting times, both for verifications and processing of orders, are back to instant.
I suggest reading the comment section to get an idea of what issues may arise before making a decision. One of the first services I’ve ever reviewed on 99Bitcoins, back in January 2014, was Coinmama. Exmo Review: Is It a Legit Exchange? Bitcoin Video Crash Course Join over 94,000 students and know all you need to know about Bitcoin.
One email a day for 7 days, short and educational, guaranteed. We hate spam as much as you do. You can unsubscribe with one click. I spent thousands over months, and suddenly I’m told to find somewhere else to buy? I recommend you do not use Coinmama affiliate program.