Best for: Ease of use
Type: Web
Key strengths: Coinmama is an exchange and wallet in one. The exchange allows users to purchase bitcoin in increments of $100 quickly and easily from the homepage.
Unlike other exchanges that buy and sell on the open market, Coinmama funds trades from its company holdings; it is also a registered money business service in the US.
It could be argued that this added security for users does come at a price, with Coinmama’s fees being on the high side compared to other platforms.
You can buy bitcoin through Coinmama but it’s important to note that you cannot sell it back. This isn’t necessarily a negative; this company will be well suited to those who simply want to buy bitcoin but don’t need an exchange.
