An Alternative To Coinmama

Coinmama is among the pioneering cryptocurrency exchanges in Europe still serving a wide user base over a million globally. Though offering basic tools for beginners to manage their crypto, the platform falls short of the advanced features sought by experienced traders, who might seek more fitting alternatives.

Coinmama: a Closer Look

Coinmama, launched in 2013, operates in 180 countries worldwide. Thecentralised exchange allows you toacquires Bitcoin and alternative digital coins with regular currency , through credit and debit cards or via bank transfers. Although Coinmama lists a limited number of cryptocurrencies, it reliably features major ones like Ethereum, Ethereum Classic, and Litecoin.

Coinmama functions as a brokerage, meaning users transact directly with the platform rather than through peer-to-peer trades. This straightforward setup simplifies transactions, but the ease comes with higher than average fees. While the platform doesn't impose deposit or withdrawal charges, trading costs are noticeably higher than those of other exchanges.

Theexchange is seen as particularly secure, partly due to its policy of verifying basic user identities. Platform-wide minimum and maximum limits apply, irrespective of verification level. Minimum deposits begin at €53 or $60, while the upper buying limit per day caps at €5,000/$5,000; monthly deposit caps are at €20,000/$20,000.

Even thoughCoinmama ticks many of the boxes was established concurrently with Coinmama and ranks among Europe's top exchanges, boasting features that aid both novice and veteran traders in

EXMO

EXMO making profitable Bitcoin trades (opens in a new tab)turn a profit trading Bitcoin EXMO extends a broader range of purchasing options (opens in a new tab)

Purchase Options

for cryptos compared to Coinmama. It allows credit/debit card or bank transfer purchases for Ripple and others, and uniquely offers crypto-to-crypto transactions, offering quicker trades and reduced fees with compatible currencies. The platform also accepts PayPal for cashing out (opens in a new tab)EXMO supports multiple fiat currencies, including RUB and UAH, along with EUR and USD, thereby allowing the purchase of a more extensive selection of coins, featuring 2019's leading cryptos and other tokens like OmiseGO, Ink, and NEO. and some deposits.

With various payment and currency options, understanding EXMO’s fees might take a bit of time. Yet, consistent use of the same payment medium and currency simplifies this process. Card deposits in EUR and USD are free; other rates apply for different methods. Note: all withdrawals incur a fee that varies by method.

Fees

Coinmama requires you to pair a

Additional Information

separate crypto wallet (opens in a new tab)separate cryptocurrency wallet EXMO boasts high safety standards, assured partly by its policies. Crypto-to-crypto trading does not necessitate identity verification; however, using fiat currency involves document submission. This requirement enhances security and user protection.

is an exchange crafted for both beginner and seasoned traders. Balancing a brokerage service fit for beginners, it also delivers options for advanced trades and investments.KYC policy CEX provides options for buying and selling cryptos via three fundamental methods: card payments, bank transfers, and crypto transactions. It's broadly accessible unless restricted by regional bans.

CEX

CEX regions with crypto prohibitions (opens in a new tab)

Purchase Options

regions with crypto prohibitionsCEX offers fewer token varieties (opens in a new tab) CEX offers fewer token varieties

CEX's brokerage services have a distinct, often steeper, fee structure than the general trading platform. Depending on payment type and currency, conversion fees might reach up to 7%. With no required minimum deposits, its withdrawal fees are comparatively low, albeit the cost model can deter small volume traders. CEX captures the interest of advanced traders by offering generous limits: verified accounts experience caps of $200,000 daily or $500,000 monthly withdrawals. They also offer unlimited limits for corporate accounts when paid by bank transfer.

Fees

The exchange offers traders the opportunity to

Additional Information

. Known for its high-risk profile, leverage allows traders to amplify potential gains. The platform also features

comprehensive crypto charting tools (opens in a new tab)trading on margin that support strategic investment planning.detailed cryptocurrency charts Sign up now and stay informed with exclusive updates and offers!

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