When buying cryptocurrency, your payment method will mostly determine the speed of your transaction.
Credit and debit card - purchases are processed within ten minutes. The coins will still need to be confirmed on the Blockchain before you see them in your wallet, so In most cases, you'll have your coins within twenty minutes of completing your order.
Bank transfer - payments are initiated by the customer through their online banking system or at the bank branch. If you've sent a payment to Coinmama via bank transfer, it will usually take 1-3 business days to clear. We will send your coins as soon as we receive your transferred funds, and you should see them in your wallet about twenty minutes after we receive your payment.
When selling Bitcoin to Coinmama via bank transfer, the money for your order will be transferred to your bank account as soon as we receive your coins in our wallet, and you can expect to receive it within two business days.
Occasionally, there may be a delay caused by one of the following:
Blockchain delays - The transaction will appear on the blockchain as soon as you send the coins, however, it will still need to be confirmed before the coins are received in Coinmama’s wallet. Confirmation usually takes about ten minutes, but when there is a lot of activity on the Blockchain, or if you have a low mining fee set on your wallet, it can take longer. We will not be able to complete your order and process the bank transfer until the coins are confirmed.
Invalid IBAN - If your IBAN is incorrect, we won’t be able to transfer funds to you. Often we can detect an incorrect IBAN immediately, but sometimes the bank will alert us when we try to complete the transfer. We’ll always send you an email if something goes wrong.
Order under review - Our risk and fraud team takes its job seriously, and we check every order we receive. Usually this takes a couple of minutes, but sometimes it can take up to a day. We’ll always keep you posted by email.