My experience with CoinMama

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  • Plaza23
    SBR Hall of Famer
    • 12-29-13
    • 7392

    #1
    My experience with CoinMama
    I needed to recharge my 5dimes account and since Circle doesn't send BitCoins anymore, I first tried signing up with Coinbase but it was too much of a hassle with verification and delays.

    So i googled around and saw that you could buy $150 in BitCoins via CoinMama pretty much instantly. I gave it a shot. It ended up costing me $160 to eventually re-fill $138 BTC that ended up at 5D. It's not cheap. I had the CoinMama BTC sent to blockchain, then blockchain to 5d. A $22 fee essentially (thru exchange and card fees) seems really pricy. Is Coinbase cheaper? I may eventually get ok'ed there to do business I just did not want to wait tonight.

    Wish Circle hadn't ended BTC transfers. It was near flawless.
  • Optional
    Administrator
    • 06-10-10
    • 60637

    #2
    Instant card sell services all cost 7-12%

    Coinbase costs a little bit more than Circle used to but very similar to Circle in regard to the service.

    Gemini.com and itbit.com are other alternatives that use bank transfers for funding/withdrawal and therefore cost a lot less.
    .
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    • soxwin1917
      SBR MVP
      • 09-09-08
      • 1188

      #3
      For buying BTC with a debit/credit card, you can't beat coinmama.
      Comment
      • Buffalo Nickle
        SBR MVP
        • 11-12-14
        • 3228

        #4
        CoinMamma has massive markups. They are strictly for suckers.
        Comment
        • soxwin1917
          SBR MVP
          • 09-09-08
          • 1188

          #5
          Originally posted by Buffalo Nickle
          CoinMamma has massive markups. They are strictly for suckers.
          Where else can one buy 5K of BTC with a credit card?
          Comment
          • Buffalo Nickle
            SBR MVP
            • 11-12-14
            • 3228

            #6
            Originally posted by soxwin1917
            Where else can one buy 5K of BTC with a credit card?
            Why would you want to buy BTC with a credit card?
            Comment
            • Plaza23
              SBR Hall of Famer
              • 12-29-13
              • 7392

              #7
              Originally posted by Buffalo Nickle
              Why would you want to buy BTC with a credit card?
              People that don't want to wait a week to buy them at Coinbase.
              Comment
              • Buffalo Nickle
                SBR MVP
                • 11-12-14
                • 3228

                #8
                Originally posted by Plaza23
                People that don't want to wait a week to buy them at Coinbase.
                Suckers
                Comment
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