Comparison of Coinmama vs Coinzoom [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Coinmama vs Coinzoom comparison!

Your expert: Alejandro Borja

Coinmama

Your expert: Xavier Tarrasó

Coinzoom

Main points

Fees

≤3,99%

Earns

Yes

Customer service

3/5

0,18%/0,44%

Fees

Earns

4/5

Customer service

Recommended for

Beginners

Yes

Trading

Passive income

Yes

Buy and hold

Yes

Beginners

Yes

Trading

Passive income

Yes

Buy and hold

Comparison of fees

Rating

3.5 – Higher fees but a simple and straightforward buying process.

3.9 – Competitive fees with additional benefits for cardholders.

Level

≤3,99%

0,18%/0,44%

Brief explanation

Coinmama’s fee structure is straightforward and transparent, primarily focusing on transaction fees for buying and selling cryptocurrencies. The platform charges a commission on each purchase, which varies depending on the payment method and the amount of cryptocurrency bought. Typically, fees range from around 3.90% to 5.90%, with lower fees for higher-value transactions. Credit and debit card transactions often incur the higher end of the fee spectrum due to processing costs associated with card payments. This structure ensures users are aware of the costs upfront, aiding in budget management for their investments.

CoinZoom implements a competitive and transparent fee structure, tailored to benefit both high-volume and casual traders. For spot trading, fees are tiered based on the trader’s 30-day trading volume, starting from 0.20% for both makers and takers, and decreasing with increased trading activity. This system incentivizes frequent trading while maintaining affordability for newer users. Additionally, CoinZoom’s derivatives trading includes a separate fee schedule, ensuring that fees remain competitive across different market conditions. Overall, the fee strategy at CoinZoom is designed to accommodate a wide range of trading strategies and volumes, making it an attractive platform for diverse trading needs.

Coinmama

Year Founded: Established in 2013, Coinmama has a long-standing history in the cryptocurrency market, indicating stability and experience.
Reputation and Reviews: Coinmama has maintained a positive reputation in the crypto community, supported by favorable user reviews praising its ease of use and reliable service.
Security Methods: Coinmama employs robust security measures, including SSL encryption and two-factor authentication, to protect user accounts and transactions.
Transparency: The exchange is transparent about its fees and processes, providing clear information without hidden charges, which builds user trust.
Customer Service: The platform is known for its responsive and helpful customer support, which enhances trust and reliability.

Coinzoom

Year Founded: Launched in 2021, CoinZoom has quickly established itself in the competitive crypto market, signaling robust infrastructure and strategic vision.
Customer Service: The platform is known for its responsive customer service, which is crucial for user trust and satisfaction, ensuring that any issues are promptly addressed.
Security Methods: CoinZoom employs stringent security protocols, ensuring the safety of user funds and information with state-of-the-art encryption and multi-factor authentication.
Reputation and Reviews: Although relatively new, CoinZoom has garnered positive reviews for its user-friendly interface and the innovative Flipster Earn Pool, enhancing its reputation among traders.
Volume Managed: CoinZoom handles a significant volume of trades, reflecting its capacity to manage high liquidity, which is essential for executing large trades efficiently.

Comparison sponsored by the best exchange

eToro

eToro Special Offer*

Earn up to 4.90% APY on uninvested cash with eToro USA.

Account Minimum

Get started with just $100.

And 1% fee on all cryptocurrency trades.

Direct link to the website

Product selection

Native token

Earns

Yes

NFT marketplace

Cripto/debit card

Full name

Cmama Ltd.

CoinZoom, Inc.

Regulation

Registrado como empresa de servicios monetarios en los EE. UU.

Regulated in the EE. UU.

Year founded

2013

2018

Founder

Asaph Schulman

Todd Crosland

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Yes

Card

Yes

Comparative table

Coinmama	FEATURES	Coinzoom
Coinmama allows users to buy small amounts of cryptocurrency, making it accessible for beginners or those looking to start with minimal investment.	Minimum Trade	CoinZoom allows for flexible trading sizes, catering to both beginners and those looking to execute smaller transactions, making it highly accessible.
While reliable, Coinmama’s fees are relatively high compared to other exchanges, which can be a drawback for users making frequent transactions.	Trading and Transaction Fees	CoinZoom offers competitive trading fees, especially attractive for high-volume traders. Fees are tiered based on activity, encouraging more frequent trading.
Coinmama supports popular cryptocurrencies but has a limited selection compared to larger platforms, impacting users seeking a wide range of crypto options.	Number of Cryptocurrencies	CoinZoom supports trading in over 120 cryptocurrencies, providing a diverse range of options for traders looking to explore different digital assets.
Coinmama primarily focuses on direct crypto purchases with fiat and doesn’t offer extensive crypto-to-crypto trading pairs.	Crypto-to-Crypto Trading Pairs	The platform boasts a broad selection of crypto-to-crypto trading pairs, offering robust market depth and trading flexibility.
The website provides clear information about its services and fees, though more detailed data on security practices could enhance transparency.	Website Transparency	CoinZoom’s website provides clear and detailed information on trading conditions and fees, though it could improve by offering more insights into its security practices and fund management.
Coinmama does not offer its own exchange card for customers to use for in-store purchases and receive benefits.	Credit/Debit Card	Currently, CoinZoom does not offer a dedicated exchange card for in-store purchases or other benefits, which could be a point of improvement.
Coinmama does not offer its own wallet service, requiring users to have an external wallet to store purchased cryptocurrencies.	Storage Offering	CoinZoom ensures the security of digital assets with cold storage solutions, enhancing safety against potential cyber threats.
Currently, Coinmama does not offer staking or rewards programs, which is a significant disadvantage for users looking to earn through their holdings.	Staking and Rewards	While CoinZoom offers some forms of passive income through its Flipster Earn Pool, it lacks a comprehensive range of staking options found on some other platforms.
Coinmama offers a functional mobile app and a user-friendly desktop platform, though there are areas for improvement in app functionality and features.	Mobile App and Desktop	CoinZoom provides a highly rated mobile app and desktop platform that are user-friendly, ensuring traders can operate efficiently on any device.
Known for its excellent customer service, Coinmama provides timely and helpful support, significantly enhancing user experience.	Customer Service	CoinZoom offers responsive customer service, though there is room to enhance support channels and decrease response times.
Deposits are straightforward, but as Coinmama does not handle withdrawals of fiat currency (only crypto sales), this might limit convenience for some users.	Deposit and Withdraw	Deposits and withdrawals are handled efficiently, with multiple crypto options available. However, adding support for fiat currencies could improve accessibility and convenience.

Key features

Analysis tools

No trading tools, primarily a buying platform

Advanced charting tools, indicators

Mobile APP

Security

High 4,9/5

High 4,5/5

Additional features

Instant crypto purchases, educational resources, Coinmama Loyalty Program

Crypto debit card, staking, ZoomMe payment service, CoinZoom Earn

Anonymity

Key points

Available cryptocurrencies

10+

50+

User-friendliness

Coinmama offers a user-friendly interface that is easy to navigate, making it suitable for beginners. The platform focuses on providing a seamless trading experience with essential features easily accessible.

CoinZoom provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making it easy to navigate and execute trades.

Value for money

Offers reasonable value for money with higher fees but a simple and straightforward buying process, making it suitable for beginners.

Delivers reasonable value for money with competitive fees and a user-friendly platform, making it a good choice for beginners.

Countries of operation

Global, including United States, Canada, United Kingdom, Australia, Germany

United States, Canada, Europe, Australia, Singapore

Best for

Best for beginners who want a simple and straightforward buying process, despite higher fees.

Ideal for traders of all experience levels looking for a platform with a wide range of cryptocurrencies and competitive fees.

Base currencies available

USD, EUR, GBP, AUD, CAD

USD, BTC

Account

Trading

Coinmama is a straightforward platform focused on buying and selling major cryptocurrencies with fiat. It has higher fees compared to some exchanges and lacks advanced trading features.

CoinZoom offers a secure platform with easy fiat integration and a wide range of cryptocurrencies. It has competitive fees but lower liquidity compared to larger exchanges.

Deposit and withdrawal

Coinmama focuses on buying and selling major cryptocurrencies with fiat. Withdrawals are processed quickly, typically within a day, but fees are higher compared to some exchanges.

CoinZoom provides multiple deposit options, including bank transfers and cryptocurrencies. Withdrawals are processed quickly, with competitive fees.

Account opening process

Coinmama provides an easy and quick account registration process. Users need to submit personal details and verify their identity. The process is fully digital and typically takes less than a day to complete.

CoinZoom provides a straightforward and fully digital account registration process. Users need to submit personal information and verify their identity. The process is quick and typically takes less than a day to complete.

KYC required?

Yes

Customer Service

Coinmama provides customer support through email and live chat. The support team is responsive, but the lack of 24/7 support can be a limitation for some users.

CoinZoom provides extensive customer support via email, live chat, and phone. The support team is responsive and available 24/7, making it reliable for users globally.

Security

Coinmama ensures security through 2FA, encryption, and cold storage. Despite its strong security measures, the platform is not regulated by top-tier financial authorities, which could be a concern for some investors.

CoinZoom offers extensive security features, including 2FA and encryption. It is regulated by U.S. authorities, ensuring high security for investors.

Which of these exchanges is for you?

Alejandro Borja

As one of the seasoned experts here at our website, I’d highly recommend Coinmama for anyone looking to get started with cryptocurrencies. Its intuitive interface makes it incredibly easy for newcomers to navigate the crypto buying process. Plus, the option to purchase directly with a credit card adds a level of convenience that’s hard to match. If you’re venturing into the world of crypto and want a straightforward, secure platform, Coinmama should definitely be on your radar.

Xavier Tarrasó

As one of the experts reviewing CoinZoom here at our website, I must say that this platform truly impresses with its wide array of trading options and exceptional liquidity, especially for altcoins. CoinZoom’s innovative features, like the Flipster Earn Pool, provide both new and seasoned traders with unique opportunities to maximize their investments. Whether you’re looking to actively trade or earn passively, CoinZoom offers a comprehensive, user-friendly experience that caters well to the diverse needs of the crypto community.

Read coinmama review

View all comparisons against Coinmama

Read coinzoom review

View all comparisons against Coinzoom

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.