Step 1 - Create Your Coinmama Account:
- Head to the Coinmama website and select the blue “Sign Up” tab.
- You’ll need to enter your email, password, first name, last name and your country of residence.
- If you already have an account, just sign in with your login details.
- For more information on how to create an account with us, click here.
Step 2 - Verify Your Account:
- To purchase bitcoin (BTC), you first need to become verified.
- It’s necessary to upload your ID or passport, plus various other documents depending on which level of verification you wish to reach. Further tiers are also unlocked by purchase amounts.
- For further help with account verification, please click here.
Step 3 - Purchase Your Bitcoin:
- Once signed in and verified, navigate to the “Bitcoin” tab in the top menu bar.
- Once there, you will be presented with several choices: either purchase a set amount of BTC, or enter in a custom amount of up to roughly $5,000 (as of the time of writing) for card purchases. You can also choose to price BTC against USD or EUR, obviously you should choose USD.
- Supply your Bitcoin wallet address. This address is where we’ll send the coins which you buy. You can re-use this address for subsequent purchases or get a new one from your wallet; it’s up to you.
- Next, select the “Proceed to checkout” button.
Step 4 - the Checkout Page:
- Complete the form with your relevant details. Make sure that your card or banking details, such as your name, correspond with the details you supplied when creating your Coinmama account.
- Finally, proceed to payment by clicking on the “Pay now” button. For card purchases, kindly note that only cards issued by VISA or MasterCard are accepted.
Once your card payment has been made, the order status will read “In Process.” This means that your order is being processed by the bank or card company. Credit card orders will be processed within minutes under normal conditions.
Once payment has been made, our BTC transaction to your wallet’s address then needs to be confirmed by the Bitcoin network. In approximately 10 minutes, a Bitcoin payment will be broadcast from Coinmama’s wallet to the Bitcoin address you supplied in Step 3 point 3.
Note that during times of especially high traffic, your transaction may take longer than normal to appear as confirmed within your wallet. Ordinarily, the transaction will be confirmed within 10 minutes.
For large amounts, it’s recommended that you wait for up to 5 more confirmations. You may then regard the transaction as final and spend your new coins.