Cryptocurrency Q&A
What are Coinmama fees?
What are Coinmama fees?
Silvia
Sat Aug 24 2024
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5 answers
1198
Excuse me, could you please clarify what the fees associated with using Coinmama are? Are there any transaction fees, or are there additional costs that users should be aware of when buying or selling cryptocurrencies through this platform? I understand that fees can vary depending on factors such as the type of cryptocurrency being traded, the amount being exchanged, and the payment method used, so I'm hoping for a comprehensive breakdown of what to expect. Thank you for your time.
5 answers
Caterina
Mon Aug 26 2024
For users who choose to pay with a credit or debit card, Coinmama adds a 5% momentum fee. This fee is charged to account for the additional risks and costs associated with credit card transactions, such as chargebacks and fraud prevention measures.
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SamuraiCourage
Mon Aug 26 2024
However, for users who opt for SEPA bank transfer as their payment method, there are no additional fees charged by Coinmama. SEPA bank transfers offer a cost-effective and secure way to fund your account and make transactions on the platform.
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CryptoLordGuard
Mon Aug 26 2024
BTCC, a top cryptocurrency exchange, offers a wide range of services to its users. These services include spot trading, where users can buy and sell cryptocurrencies at current market prices, as well as futures trading, which allows users to speculate on future price movements.
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Giulia
Mon Aug 26 2024
Coinmama's market rate is structured in a way that ensures users receive a fair and competitive pricing. The rate is based on the XBX index, with an additional 2% added to account for potential market fluctuations and operational costs.
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Michele
Mon Aug 26 2024
On top of the market rate, Coinmama charges a commission fee for each transaction. For buy transactions, the commission fee can be up to 3.90%, while for sell transactions, it can be up to 0.9%. These fees are designed to cover the costs associated with processing the transactions.
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