Coinmama Review (October 2026): Fees, US States and Licenses

Best for: Card buys to own wallet

5.2/10

US access 20%9.8
Regulation 20%1.0
Security record 15%6.3
Cost 15%5.0
Range 10%8.3
Popularity 15%1.0
Data quality 5%7.0

By Vahe Hakobyan Verified October 5, 2026 Medium confidence No affiliate links

Taker fee— Not verified
US states49 of 51
New YorkNo
Coins100
CustodyNon-custodial
App Store— Not verified

Our verdict

Coinmama, founded in 2013 and owned by Wellfield Technologies, sells crypto that is delivered to the buyer's own wallet; Paybis and Banxa execute the trades. It serves US residents except in New York and Louisiana. Commission runs 0.99%-3.90% plus a spread, and card payments add 4.99%. US users cannot sell for dollars; payouts are EUR-only.

Pros

Serves all US states except New York and Louisiana
ACH and Fedwire purchases carry no payment-method fee
Coins go straight to the buyer's own wallet

Cons

Card purchases add 4.99% on top of commission
No USD payouts; selling pays EUR via SEPA only
2019 breach exposed data of 1.4 million accounts

Coinmama fees

Maker / taker: — Not verified
Simple buy: 0.99%-3.90% commission by loyalty level, plus a spread; cards add 4.99%
Volume tiers: Loyalty levels cut commission 12.5% ($5,000 in 90 days) or 25% ($18,000)
ACH deposit: 0% method fee; $50 minimum
Wire deposit: Fedwire 0%, $500 minimum; SWIFT 0%, $250 minimum
Card purchase: 4.99% (also Apple Pay, Google Pay)
USD withdrawal: Not offered; sell orders pay out in EUR via SEPA only
Crypto withdrawal: — Not verified
Other fees: Express fee on card, Apple Pay, Google Pay, Skrill and NETELLER orders; card issuers may add cash-advance fees
Minimum deposit: $30

Is Coinmama available in my state?

Coinmama's restricted-locations article (updated Sept 8, 2026) names only New York and Louisiana among US states it cannot serve.

AL available
AK available
AZ available
AR available
CA available
CO available
CT available
DE available
DC available
FL available
GA available
HI available
ID available
IL available
IN available
IA available
KS available
KY available
LA not available
ME available
MD available
MA available
MI available
MN available
MS available
MO available
MT available
NE available
NV available
NH available
NJ available
NM available
NY not available
NC available
ND available
OH available
OK available
OR available
PA available
RI available
SC available
SD available
TN available
TX available
UT available
VT available
VA available
WA available
WV available
WI available
WY available

Only New York and Louisiana are listed as restricted US states (Sept 2026); US territories are not mentioned.

New York: No
ID check (KYC): Yes
Withdraw crypto: Yes
Funding: ACH, Wire, Debit card, Credit card, Apple Pay, Google Pay

Is Coinmama regulated?

TSXV: WFLD (parent Wellfield Technologies)

US operator: New Bit Ventures Ltd. (purchases executed by Paybis or Banxa)
Parent company: Wellfield Technologies Inc. (TSXV: WFLD)
State licenses: — Not verified
New York license: — Not verified
Other: Terms (Sept 6, 2026): purchases and sales are facilitated through licensed third parties Paybis and Banxa
Founded: 2013
Headquarters: Ramat Gan, Israel

How secure is Coinmama?

Proof of reserves: N/A (non-custodial)
Audits: — Not verified
Insurance: — Not verified

Incidents since 2019

2019data breachFeb 2019: about 450,000 user emails and hashed passwords exposed, then data tied to 1.4 million accounts acquired by an unauthorized party.

Crypto held on a platform is not covered by FDIC or SIPC insurance.

What you can do on Coinmama

Spot
Self-custody wallet

Buy-only for US users in practice: sales pay out in EUR to SEPA accounts. Coinmama Wallet is a separate self-custody app published by Enovista Limited.

Apps: Web
Support: Email, Help center

Coinmama FAQ

Is Coinmama available in my state?

Coinmama serves 49 of 51 jurisdictions (50 states and DC). Not available in Louisiana, New York.

Can New York residents use Coinmama?

No. Coinmama does not accept New York residents.

What are Coinmama's fees?

Simple buy: 0.99%-3.90% commission by loyalty level, plus a spread; cards add 4.99%.

Is Coinmama regulated in the US?

US customers are served by New Bit Ventures Ltd. (purchases executed by Paybis or Banxa). Registrations and licenses on record: TSXV: WFLD (parent Wellfield Technologies).

Can I withdraw crypto from Coinmama to my own wallet?

Yes. Coinmama lets US users send crypto to an external wallet.

Does Coinmama require ID verification?

Yes. Coinmama verifies your identity before you can trade.

How many cryptocurrencies can I trade on Coinmama?

About 100 cryptocurrencies are available to US users, per Coinmama's official asset list.

Alternatives to Coinmama

Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.