When it comes to buying/selling cryptocurrencies, there are only a few services you can trust.
Of course, Coinmama exchange is one of them, but indeed it is not working for some of you. I have realized it, and I know why it is so !!
But I will not get into it now; maybe we can talk about it sometime later.
Furthermore, I would like you to look at these Coinmama alternatives, which provide you with the same security and possibly more freedom to buy/sell cryptocurrencies.
So here is it:
Best Alternative To Coinmama
Here are some of the best Coinmama alternatives which will help you to buy bitcoin quickly.
Cex.io is one of my go-to exchanges when I want to buy some of the popular cryptocurrencies quickly.
Cex.io, an exchange based out of the UK is operating since 2013, and it is present in almost all the countries of the world.
It is easy to get started on Cex.io as their KYC process is rapid. My profile got verified with an hour upon submitting relevant photo ID proofs.
Once you are done with that, you can easily use your credit cards or bank account to buy 15+ cryptocurrencies, including BTC, ETH, LTC, BCH, XRP, etc.
Apart from that, CEX is as safe as Coinmama and has excellent security features such as 2-factor authentication and 24/7 customer support, making it the best Coinmama alternative.
Coinbase started way early than Coinmama and has been a pioneer in onboarding millions of users into the cryptosphere.
Coinbase started in 2012 and is based out of the US. Coinbase supports buying/selling BTC, BCH, LTC, and ETH through credit/debit cards and wire transfers, making it a reliable Coinmama alternative.
This service is available in the US, UK, Europe, Singapore, Australia, Canada, and thousands of users to buy/sell cryptocurrencies on Coinbase.
The KYC process is a bit long, but here is our step-by-step guide to help you out: How To Buy Your First Bitcoin.
Established in 2017 and backed by named VCs, CoinSwitch is another service that lets you buy cryptocurrencies and is much faster than Coinmama.
Based out of India’s Silicon Valley, Bangalore, CoinSwitch allows you to dabble with 200+ cryptocurrencies to buy currencies in fiat.
The best part is that there is no mandatory KYC requirement for using CoinSwitch exchange which gives a breather to many cryptocurrency users.
It gets better:
Paxful is a peer-to-peer cryptocurrency exchange based out of the US and operating in this space since 2015 to serve millions of customers worldwide.
Paxful supports many more payment solutions, but it only supports Bitcoin currency instead of multiple currencies of Coinmama.
But if you wish to buy/sell Bitcoin-only, Paxful is a much better option than Coinmama because of its higher liquidity and in-built wallet, which is missing in Coinmama.
Paxful serves most of the countries like Coinmama, and it also requires mandatory KYC for users to deal with Bitcoin currency.
Wirex is another go-to alternative to Coinmama, and for those of you who don’t know, Wirex even provides a crypto-friendly bank account for UK & European residents.
Wirex got started in 2015 and is based out of the UK. If you want to buy, store, exchange, and spend your crypto and fiat currencies all in one place, start using Wirex App.
Wirex supports USD, EUR, GBP in fiat currencies and BTC, ETH, LTC, XRP, DAI in cryptocurrencies. You can also top-up your fiat account using a credit card or bank transfer to convert it into crypto or continue to hold in fiat.
Note: Wirex has also started supporting countries like Australia, Hong Kong, Malaysia, Singapore, South Korea, and Taiwan.
Paybis is a new contender in this list, and I have only tried it once. But the experience was good, and that’s the reason I am listing it here.
Paybis is based out of the UK since 2014 and has been providing innovative ways to the world to enter the cryptocurrency space. Paybis supports more than five payment options, such as credit cards, Skrill, Neteller, Payeer, etc., to help you buy cryptocurrencies such as BTC, ETH, LTC, XRP, BCH, XLM, BNB, NEO.
KYC verification is a bit lenient here, but you need to submit your documents to get verified. After this only, you will be able to use Paybis. But believe me, the process is straightforward and happens which minutes.
So if you are someone, who is from the United States, United Kingdom, most of Europe, Germany, France, Canada, Russia, Ukraine, India, Belarus, Australia, etc., and looking for a decent alternative to Coinmama, Paybis has got your back !!
Looking for something that lets you buy cryptocurrencies even more swiftly than Coinmama than Bitit is the place to look for !!
Bitit started in 2015 and is based out of France. It specializes in supporting many fiat currencies and aims to make buying cryptocurrencies super easy.
As we speak, Bitit supports 10+ fiat currencies and 15+ cryptocurrencies with which you can deal quite quickly upon completion of a simple KYC.
Apart from that, Bitit supports Visa/MasterCard/Maestro credit and debit cards along with SEPA transfers which you can use to buy/sell cryptocurrencies through Bitit.
Lastly, you can use Bitit in the US, UK, Europe, Australia, Canada, the European region, etc.
Over to You
All these alternatives are exceptional, but Coinmama was undoubtedly superior to all these, atleast in one aspect.
Coimama doesn’t provide an inbuilt wallet, and that’s why Coinmama users were always compelled to find a wallet of their own.
This reduces users’ chances of losing their cryptocurrencies because most of the users keep their currencies on centralized exchanges.
But what will one do when a service like Coinmama doesn’t provide a wallet? Of course, one will take the pain to set up a self-hosted wallet.
However, all the above services have an in-built wallet, but I still recommend avoiding them for storing your cryptocurrencies for the long term.