Coinmama is an international cryptocurrency exchange established in 2013, specializing in fiat-to-crypto transactions. Known for its user-friendly platform, it was among the first to support Bitcoin purchases via credit/debit cards and the first authorized for Apple Pay integration.
Overview
| Key Details | |
|---|---|
| Founded | 2013 |
| Headquarters | Israel, Ireland |
| Founders | Nimrod Gruber, Laurence Newman, Ilan Schuster |
| CEO | Sagi Bakshi (since 2020) |
| Employees | 48 |
| Website | https://www.coinmama.com/ |
Core Offerings
- Cryptocurrencies Supported: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), Cardano (ADA), and more.
- Fiat Currencies: USD, EUR, GBP, CAD, AUD, JPY.
- Payment Methods: Credit/debit cards, bank transfers (SWIFT, Fedwire), Apple Pay.
History and Milestones
Founding and Early Years (2013–2015)
- Founded by Nimrod Gruber, Laurence Newman, and Ilan Schuster.
- Pioneered credit/debit card Bitcoin purchases in 2013.
- Discontinued Western Union in 2015 to focus on card-based transactions.
Expansion (2016–2020)
- Added bank transfers (2018) and 5 new coins, including XRP and BCH.
- Launched Bitcoin selling for EUR (2019) and USD (2020).
- Integrated Apple Pay (2020), becoming the first crypto exchange to do so.
Leadership
- 2013–2017: Co-founders led operations, with Gruber as CEO.
- 2017–2019: Asaph Schulman served as CEO.
- 2020–Present: Sagi Bakshi, former IronSource GM, took over, emphasizing growth and innovation.
Why Choose Coinmama?
- Global Reach: Serves 2.5M+ users across 190 countries.
- Speed: Fast verification and transaction processing.
- Ease of Use: Intuitive interface for beginners and experts.
- Security: Registered with FinCEN as a Money Service Business.
👉 Start trading on Coinmama today
FAQs
1. Is Coinmama safe to use?
Yes. Coinmama complies with financial regulations and uses robust security measures, including identity verification (KYC).
2. What fees does Coinmama charge?
Fees vary by payment method (e.g., ~5% for credit cards). Check their website for updated rates.
3. Can I sell cryptocurrency on Coinmama?
Yes. You can sell Bitcoin for EUR or USD, with funds transferred to your bank account.
4. Which countries support Coinmama?
Available in 190 countries, excluding some regions like New York and Hawaii due to local regulations.
5. How does Apple Pay integration work?
Link your card to Apple Pay for faster, secure purchases. Transactions are processed like standard card payments.
6. What’s the processing time for bank transfers?
Typically 1–3 business days, depending on the bank and transfer method.
Coinmama remains a top choice for seamless crypto purchases, combining accessibility, security, and innovation. Whether you’re a beginner or seasoned trader, its platform caters to diverse needs with competitive features.