Coinmama review

3.9Last reviewed 2026-08-12

Coinmama is a simple, non-custodial way to buy bitcoin with a card: you pay, and the coins are delivered straight to a wallet address you control. There is no exchange balance to hack and no withdrawal step to forget, which makes it one of the more security-friendly on-ramps for anyone who already has a wallet.

The service has run since 2013 and is operated by Wellfield Technologies, a publicly traded Canadian company, with FinCEN registration in the US. Coverage spans more than 190 countries and 48 US states; New York and Louisiana are excluded.

Convenience costs money. Quoted prices include Coinmama's markup over the spot rate, a commission that varies by payment method and loyalty tier, and a processing surcharge on card, Apple Pay, and Google Pay purchases. A patient buyer with a bank account will pay less at an order-book exchange like Kraken; Coinmama is the tool for a quick card purchase that lands directly in self-custody.

Visit CoinmamaOpens www.coinmama.com

Founded: 2013
Headquarters: Vancouver, Canada (Wellfield Technologies)
Fees: A commission that varies by payment method and loyalty tier, plus a processing surcharge on card, Apple Pay, and Google Pay purchases, on top of a quoted price that includes a markup over spot. Bank transfers avoid the card surcharge.
KYC: Required
Payment methods: Credit or debit card, Local bank transfer, Wire transfer, Apple Pay
Status: Operating

How you can pay on Coinmama

Every deposit rail Coinmama supports in at least one market. Which of them you can use depends on your country; the country guides below list the exact methods per market.

Domestic bank rail: CliQ DuitNow FAST instant transfer Faster Payments Fawri / Fawri+FPS (Faster Payment System)FPX online banking Furikomi bank transfer Havale/EFT IMPS Instant peso transfer (CBU/CVU)InstaPay Interac e-Transfer Local bank transfer Multicaixa Express NEFT Pago Móvil PayID / Osko PayNow PESONet Pix PromptPay PSE QR payment SINPE Móvil SPEI TED UPI
SEPA (euro area): SEPA transfer
International wire: Wire transfer
Card: Credit or debit card Elcart
Pay wallet: Apple Pay Google Pay

As published by Coinmama: Debit and credit cards (Visa, Mastercard), Apple Pay, Google Pay, Bank transfer (SEPA and SWIFT for larger purchases).

Pros and cons

What works

Non-custodial: purchases are delivered straight to your own wallet, so there is no exchange balance at risk
Available in more than 190 countries and 48 US states
Operating since 2013 under a publicly traded parent, Wellfield Technologies, with FinCEN registration
Simple checkout flow suited to first-time card purchases

What to watch

Markup plus card surcharge makes it noticeably more expensive than order-book exchanges
Not available in New York or Louisiana
You need your own wallet before buying, an extra first step for complete beginners

Fees in detail

spread note: Quoted prices include Coinmama's markup over the spot rate; card, Apple Pay, and Google Pay payments add a processing surcharge.
deposit note: There are no deposits: you pay per purchase with a card or bank transfer.
withdrawal note: There is no withdrawal step; bitcoin is delivered directly to the wallet address you give at checkout.

Where we recommend Coinmama

Countries where Coinmama ranks in our local guide. Availability beyond these is possible but unverified by us.

Frequently asked questions

Does Coinmama hold my bitcoin?

No. Coinmama has no custodial wallet: every purchase is delivered directly to the wallet address you provide at checkout. That removes exchange-balance risk but means you need a wallet before you buy.

Is Coinmama available in the United States?

Yes, in 48 states. New York and Louisiana are excluded.

Why is Coinmama more expensive than an exchange?

You pay a commission that varies by payment method and loyalty tier, a markup built into the quoted rate, and a processing surcharge on card, Apple Pay, and Google Pay purchases. Convenience and direct wallet delivery are what you are paying for.

Who runs Coinmama?

Coinmama has operated since 2013 and is run by Wellfield Technologies, a publicly traded Canadian company. It is registered with FinCEN in the US.