How to Buy Bitcoin on Coinmama with Bank Transfer

1. Create an Account: Visit the Coinmama website and sign up for an account. You’ll need to provide your email address, create a password, and complete the KYC (Know Your Customer) verification by submitting identification documents.

2. Verify Your Identity: Before you can make any purchases, Coinmama requires you to verify your identity. This usually involves uploading a government-issued ID and a selfie. The verification process may take some time, so be patient.

3. Deposit Funds: Once your account is verified, you need to deposit funds into your Coinmama account. Choose the bank transfer option. Coinmama will provide you with the necessary bank details to complete the transfer.

4. Initiate the Transfer: Log into your online banking account and initiate a transfer to the bank details provided by Coinmama. Ensure that you include any reference numbers or information that Coinmama requests to match your deposit to your account.

5. Confirm the Transfer: After you’ve completed the transfer, return to your Coinmama account and confirm the deposit. This step might involve uploading a proof of transfer or entering details about the transaction.

6. Purchase Bitcoin: Once your funds have been confirmed, you can proceed to purchase Bitcoin. Go to the “Buy” section on Coinmama, select Bitcoin, and choose the amount you want to buy. Review the transaction details and confirm your purchase.

7. Receive Bitcoin: After your purchase is confirmed, Coinmama will send the Bitcoin to your specified wallet address. Make sure you’ve set up a secure wallet to receive and store your Bitcoin.

Important Notes:

• Fees: Be aware of the fees associated with bank transfers and purchases. Coinmama charges a fee for transactions, and your bank might also charge fees for international transfers.
• Processing Time: Bank transfers can take several days to process. Be patient while waiting for your funds to appear in your Coinmama account.
• Security: Always use strong passwords and enable two-factor authentication for added security.

By following these steps, you can successfully buy Bitcoin on Coinmama using a bank transfer. If you encounter any issues, Coinmama’s support team is available to assist you.