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Coinmama is a digital currency exchange that lets users buy and sell virtual currencies via its trading platform. The platform currently allows users to manage funds with various options, fund their account with bank transfers, and access their account from nearly 200 countries and almost all the states in the United States.
- Firstly, Coinmama lets its users manage their funds using multiple payment methods to deposit and withdraw funds.
- Secondly, the exchange platform offers its users … both the yes and no answers to the question of how to seamlessly integrate a bank account with a Bitcoin wallet.
- Lastly, Coinmama is available in 180 countries and 41 states in the United States.
How to Manage Your Funds
At first, Coinmama offers a wide variety of ways digital currency traders can utilize to deposit and withdraw funds to/from their account. Currently, the digital currency exchange platform allows its users to carry out transactions using any of their debit cards, issued by Visa or Mastarcard.
A spokesperson, Coinmama
, commented, “We hate fine print! Apart from Coinmama’s fees, it’s important to also know that your bank may, at their own discretion, choose to charge extra. We don’t see these fees on our end, and you may not either, but we wanted to pass along what other customers have told us.”
In addition to that, Coinmama does accept transactions made through wire transfers and bank deposits, albeit transaction fees charged in this context solely varies bank to bank. However, at the moment, the company does not accept American Express, Discover, and PayPal as payment methods.
How to Bitcoin Your Bank
In the second place, sophisticated digital currency traders may have a better knowledge and understand that transferring Bitcoin to a bank account would be dead implausible. Howbeit, rookies might want to scratch their heads for awhile on how such integration might be possible.
A spokesperson, Coinmama, added, “Every so often at Coinmama, we get a question that makes us scratch our heads, rethink how we explain things, and go back to Bitcoin basics. Recently that question was “Can you tell me how to transfer Bitcoin to bank account?”
In spite of that, what makes Bitcoin bank transfer doable for now is the ability Coinmama provides … that allows its users to deposit funds to their digital wallet directly from their bank account. Moreover, customers of the platform can also withdraw funds from their Coinmama account to their bank account with no hassle attached.
Where to Access Your Account
On a final note, Coinmama is available in 180 countries … it gives you absolute control to access and manage your account from Afghanistan to Zambia without any restrictions. Despite everything, the platform does not accept users or provide its digital currency trading services to users from Cuba, Crimea, Iran, Israel, Lebanon, Nigeria, North Korea, Palestinian Territories, Somalia, South Sudan, Sudan, Syria, and Zimbabwe.
A spokesperson, Coinmama, added, “If your state is not listed above, check back with us regularly as we are in the process of opening up several more – or contact us and we will notify you once it opens.”
Furthermore, while the platform is available for 41 states, it is not accessible for users from a list of states in the United States. Currently, these are Connecticut, District of Columbia, Hawaii, Idaho, Iowa, New Mexico, New York, Oregon, Utah, and Vermont.
Keep in mind, a representative of the company wasn’t immediately available, however, the story is developing, so kindly check back for updates. In the meantime, you too can — Subscribe to newsHookers!