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Madagascar

Coinmama in Madagascar

Rank in Madagascar
#2 of 3
Bitcoin in Madagascar
Legal
Our rating
3.9
Review updated
2026-08-12

Yes. Coinmama serves Madagascar and ranks second of the 3 exchanges in our Madagascar guide, on fees, security record and local payment support. Here it takes Credit or debit card and Bank transfer. 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. Identity verification is required before your first purchase.

Visit CoinmamaRead the full Coinmama review
Rank in Madagascar
#2 of 3
Fees
Commission plus card surcharge
KYC
Required
Pays with in Madagascar
Credit or debit card, Bank transfer
Currency
Malagasy ariary (MGA)
Headquarters
Vancouver, Canada (Wellfield Technologies)

How to pay on Coinmama in Madagascar

The deposit rails Coinmama offers to buyers in Madagascar, from our Madagascar guide reviewed 2026-08-20. Each one links to how that rail works here.

What Coinmama charges, and what it asks for

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.

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.

Identity verification

Required. Identity verification is required before your first purchase.

Every exchange we rank in Madagascar

Ranked by our editorial review of fees, security record and local payment support. Rankings are never sold.

Bitcoin exchanges ranked in Madagascar by our editorial review of fees, security record and local payment support, with the payment methods each one offers here.
#ExchangeRatingFeesID checkPays with
1Binance4.2From 0.1% spot, maker and takerRequiredP2P escrow trades, Credit or debit card, Bank transfer
2CoinmamaThis page3.9Commission plus card surchargeRequiredCredit or debit card, Bank transfer
3CEX.IO4.0Maker-taker; card costs moreRequiredCredit or debit card

Full comparison in the Madagascar guide

Frequently asked questions

Is Coinmama available in Madagascar?

Yes. Coinmama ranks second of the 3 exchanges in our Madagascar guide, ranked on fees, security record and local payment support. Here it takes Credit or debit card and Bank transfer. Our Madagascar guide was last reviewed 2026-08-20 and the Coinmama review on 2026-08-12.

What payment methods does Coinmama accept in Madagascar?

In Madagascar, Coinmama takes Credit or debit card and Bank transfer. These are the localized rails from our Madagascar guide, not the platform's global list.

What does Coinmama charge?

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.

Does Coinmama require identity verification?

Yes. Identity verification is required before your first purchase. Our record marks this as the platform's own policy rather than a Madagascar rule, so it applies wherever Coinmama operates.

Is bitcoin legal in Madagascar?

Bitcoin is legal in Madagascar by default: no legislation prohibits or regulates it. The central bank has confirmed that cryptocurrencies are unregulated, warned the public about the risks, and studied a digital version of the ariary rather than building a crypto framework.

Coinmama elsewhere in Africa

Coinmama ranks in 144 countries on this site. 12 of its 29 Africa pages are linked here; the review lists all of them.

Sources