Coinmama makes it easy to buy cryptocurrency directly from your bank account using a bank transfer. European customers can do so through a SEPA transfer, and customers in the rest of the world can do so with a SWIFT transfer. Here's how to place an order:
1. Choose your crypto
Log into your account, then select "buy" and the type of cryptocurrency you want to purchase. You will need to complete the verification process before creating your first order.
2. Decide on an amount
Select one of our packages, or enter the amount you'd like to buy, then click "buy now." Note that there is a minimum order amount of 200 USD on orders made by SWIFT transfer.
3. Enter your wallet address
Note that Coinmama will not be able to retrieve your coins if you send them to the wrong wallet, so always triple check your wallet address when entering it.
4. Choose bank transfer
Select bank transfer as your payment method.
5. Review the terms
- The rate will be locked only when the payment is received in our bank account. Until then the rate may change.
- The bank account used must be yours and must be held in your name. Coinmama does not accept third-party or corporate bank account transfers.
- (SWIFT only) I understand that I need to make the bank transfer in British Pounds (GBP) only. Any funds sent in a currency other than GBP will not be received.
If you agree to the terms, select "I understand," and then click "next." You will now be provided with Coinmama's bank account details for the transfer.
6. Place your order
SEPA BANK TRANSFERS
If you have a bank account in a Single Euro Payment Area country, you can buy with Coinmama using a SEPA bank transfer. SEPA bank transfers carry no additional processing fee by Coinmama, however you should always check with your bank before placing an order to determine any fees they may add.
- Log into your own online banking system or visit your bank branch and initiate a SEPA bank transfer in the amount of your order. Enter the provided bank details when selecting the recipient. In the notes section of your transfer, enter your order number as a reference. (eg: BBT12345678)
- Once the transfer has been successfully completed and we have received your funds, the cryptocurrency rate will be locked. Note that SEPA bank transfers take approximately 24 hours to complete. If we have not received your payment within seven days, your order will automatically expire and the coins will not be sent.
SWIFT BANK TRANSFERS
If you live in a country outside of Europe, you can buy cryptocurrency through a SWIFT bank transfer. Orders over 2000 USD or EUR equivalent carry no additional processing fee. Orders under 2000 USD carry a processing fee of 20 GBP. Note that your bank may charge an additional fee for initiating the transfer.
All SWIFT transfers must be made in Great British Pound (GBP). As soon as you proceed to the payment details of your SWIFT order, you will see your order balance converted to GBP. Transfers not made in GBP will not be received by Coinmama's bank, so always check that your bank is able to send GBP before initiating your transfer.
- Log into your own online banking system or visit your bank branch and initiate a SWIFT bank transfer for the GBP amount of your order. Enter the provided bank details when selecting the recipient. In the notes section of your transfer, enter your order number as a reference. (eg: BBT12345678)
- Once the transfer has been successfully completed and we have received your funds, the cryptocurrency rate will be locked. Note that SWIFT bank transfers take approximately 2-3 business days to complete. If we have not received your payment within seven days, your order will automatically expire and the coins will not be sent.
7. Check your email
You will receive an email with your order details and a link to confirm your wallet. Check again that the wallet address is correct and that it supports the coins you've purchased. If there are any errors, contact us immediately and do not click the link in the email. If your wallet address is correct, click the link in the email to confirm.
Once your payment has been received and your wallet address confirmed, we will send your coins. This usually takes about ten minutes. You will be able to see them on the blockchain as soon as they're sent, but it can take an additional ten minutes before they are confirmed on the blockchain and reach your wallet.