Coinmama vs Blocktrade: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Coinmama and Blocktrade This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on August 16, 2025

Coinmama

Blocktrade

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Available Countries

United States

Yes

Europe

Yes

Latin America

Yes

India

Yes

China

Yes

Canada

Yes

United Kingdom

Yes

United States

Yes

Europe

Latin America

India

China

Canada

United Kingdom

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Coinmama is ideal if:

Effortless for beginners — Streamlined, no-frills interface lets you buy crypto and send it straight to your own wallet in just a few taps.
Global and flexible — Available in nearly 190 countries with a wide range of local payment methods to suit diverse needs.
Built for safety and autonomy — Non-custodial model means you always control your funds, supported by robust regulatory compliance and encryption.

Blocktrade is ideal if:

Perfect for active traders seeking a playful experience: Blocktrade blends trading with gamified elements like XP, levels, and NFT avatars, delivering a more engaging trading environment.
Well-suited if you value European regulation and security: Fully registered as a VASP under EU rules, it offers peace of mind through strong compliance, clear interface, and robust custody protections.
Great for those who prefer simplicity without passive features: Easy to use with fiat and crypto access and competitive pricing—but without staking, margin trading, or income-generating tools.

Coinmama isn’t ideal if:

Not for advanced traders — Lacks tools like charts, limit orders, and margin trading, making it unsuitable if you need sophisticated trading features.
Limited crypto variety — Offers a relatively small selection of coins, which may frustrate users looking for broader portfolio options or niche tokens.
No built-in wallet or phone support — You must use your own external wallet for storage, and customer support lacks direct phone access for urgent communication.

Blocktrade isn’t ideal if:

Not for altcoin hunters: Only a small crypto selection is available—too limited if you’re after niche or emerging tokens.
Not for income-driven users: No support for staking, yield-earning programs, or referral bonuses means passive crypto income opportunities are absent.
Not for advanced traders: Lacking leverage, margin, or derivatives tools makes it unsuitable if you're looking for sophisticated or leveraged trading options.

Fees & Total Costs

Spot Maker/Take

Coinmama doesn’t operate with traditional maker/taker tiers based on order book liquidity—instead, it charges a flat commission plus a built-in spread, with loyalty-based fee reductions (up to around 25% off) for users who reach certain cumulative spending thresholds over time.

Blocktrade applies a flat trading fee—typically around 0.3% of the trade volume—with slightly lower fees (e.g., 0.25%) on certain native tokens like BTEX or ECS; there are no volume tiers or loyalty-based discounts beyond this.

Futures/Derivatives

Coinmama currently does not offer futures, margin, or derivative trading, so there are no related maker, taker, or funding costs involved.

Blocktrade currently does not offer futures or derivative trading products, so there are no applicable maker, taker, or funding costs to detail.

Average Spreads on Liquid Pairs

While specific spread numbers aren’t publicly listed, Coinmama embeds a markup—commonly known as a spread—within the quoted rate on top of its commission, meaning any trade price you see already includes a buffer above market mid-price.

Blocktrade offers “Marketplace” trades with no explicit trading fees, but users may face slightly wider real-time spreads compared to order-book transactions, especially on popular pairs like BTC/USDT or ETH/USDT.

Fiat Deposits & Withdrawals

You can fund your account via bank transfers (SEPA, SWIFT, Open Banking) or card/e-wallets (Visa/Mastercard, Apple Pay, Google Pay, Skrill), with free options for some bank channels and a percentage-based “express fee” for cards and wallets; Fiat withdrawals are sent back to your original payment method, typically taking one to several business days to process.

Users can deposit and withdraw euros via methods like SEPA transfers or credit/debit cards; fees are modest (e.g., a low-percentage fee for SEPA and a small surcharge for cards), with processing and confirmation typically taking between minutes to a few business days depending on method and verification status.

On-chain Withdrawals

Crypto withdrawals to your own wallet are facilitated without extra platform fees, but actual network fees apply and depend on the blockchain (e.g., Bitcoin, Ethereum, Tron), varying dynamically with network congestion and gas rates.

Crypto withdrawals incur fixed fees specific to each asset and network (e.g., a set amount of BTC, ETH, USDT, etc.), meaning costs are predetermined and transparent rather than dynamically calculated by network congestion.

Hidden Costs

Additional implicit costs may come from currency conversion if using non-fiat-native methods or local currency—plus small surcharges for instant payments through certain methods—while there are no inactivity fees and identity verification is required but generally included as part of the signup process, not as a premium service.

There are generally no hidden charges like inactivity or expedited verification fees; however, currency conversions (e.g., between fiat or crypto pairs) may include slight margins, and external bank or card fees may apply without being controlled by the platform.

Real-World Cost Example: “€500 BTC

If you buy €500 worth of Bitcoin, the price you pay includes Coinmama’s commission and built-in spread, and sending that BTC to your wallet means you’ll also incur the standard blockchain network fee—but there are no surprises beyond the displayed total at checkout.

If you purchase €500 worth of BTC via the Marketplace, you’ll face a modest trading spread plus any applicable SEPA or card deposit fee, followed by the fixed on-chain BTC withdrawal fee—resulting in an all-in cost that blends spread, deposit surcharge, and withdrawal fee into one clear total.

Crypto Offering & Trading Features

Number of Coins & Pairs

Coinmama offers over 40 cryptocurrencies in total, including around 19 of the top 30 by market cap. Its top-20 by volume mainly include familiar names like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB, Solana (SOL), XRP, and others, ensuring exposure to the most traded assets.

Blocktrade supports just over 50 cryptocurrencies, with trading pairs concentrated around well-known assets like BTC, ETH, USDC, and a handful of altcoins; the top 20 by trading volume are the most popular blue-chip tokens, making up the vast majority of available pairs.

Product Range

Coinmama focuses exclusively on spot purchases and simple swaps—offering no margin, perpetuals, options, ETFs, staking programs, loans, copy trading, grid bots, or automatic DCA functionality.

Blocktrade currently offers spot trading only—no margin, derivatives, options, crypto ETFs, lending, copy-trading, trading bots, or automated DCA are available on the platform at this time.

Liquidity

Being a broker rather than an exchange, Coinmama doesn’t display order books or real-time volume data for pairs like BTC or ETH; liquidity is assured through its own inventory, making market depth and 24-hour volumes internal and not publicly shown.

Blocktrade maintains a modest but stable liquidity base; while specific figures aren’t published, liquidity is sufficient to execute spot trades without extreme slippage, particularly on BTC/EUR and ETH/EUR pairs.

Tools

Coinmama offers none of the typical advanced trading tools—there are no limit, stop, or OCO orders, no alerts, no charting interface, no public API or WebSockets, and no native integration with TradingView for analysis.

Users benefit from basic functionality including market and limit orders, full TradingView-powered charts, real-time price data, and an open API for integration, though there’s no advanced alert system via the interface.

Geographic Restrictions by Product

All of Coinmama’s services are globally accessible where regulations permit; no additional products like derivatives or margin are available anywhere, so there are no region-specific product restrictions beyond general country bans.

Because Blocktrade doesn’t offer derivatives or leverage, there are no region-based product restrictions beyond general country eligibility; only spot services are available in approved jurisdictions.

Innovation

Coinmama doesn’t support features like launchpad or launchpool initiatives, nor does it offer flexible or locked earning programs—its current setup remains strictly focused on one-time fiat-to-crypto purchases without ongoing yield products.

Blocktrade continues to push its gamified ecosystem forward with features like XP, avatars, and merchant payments, but it does not yet offer launchpad, launchpool, or flexible vs locked yield-earning products (staking and earn programs remain limited or on hold).

Security, Regulation & Custody

Operating Entity & Jurisdiction

Coinmama is operated by a regulated company incorporated in Ireland (originally founded in Israel in 2013) and is part of Wellfield Technologies, with its current main base in Vancouver, Canada.

Blocktrade is operated by Blocktrade SA, established in 2018 and headquartered in Luxembourg, functioning through licensed subsidiaries in Italy (Blocktrade S.r.l.) and Slovenia (BlocktradeOperations OÜ) to provide services under EU legal frameworks.

Licenses/Registration

Coinmama is registered as a Money Services Business (MSB) with the U.S. Financial Crimes Enforcement Network (FinCEN) and also compliant with Canadian regulation under FINTRAC, ensuring proper oversight in these key jurisdictions.

The platform is registered as a Virtual Asset Service Provider (VASP) in Slovenia, complying with EU anti-money laundering standards (AML5), and is actively preparing for broader MiCA (EU Markets in Crypto-Assets Regulation) compliance across its operations.

Custody

Coinmama operates on a non-custodial model—meaning you always control your crypto, as they don’t hold tokens on your behalf—and there is no public proof of reserves, auditing statements, or disclosed cold-storage ratios.

Blocktrade’s custodial framework combines in-house infrastructure, including cold and hot wallets, with partnerships for custody solutions; while specific percentages of cold storage or proof-of-reserve disclosures aren’t public, the system is regularly audited and backed by recognized security providers.

Insurance & Protection Funds

The platform does not advertise any insurance or user fund protection schemes, so users rely primarily on Coinmama’s non-custodial approach for the safety of their crypto holdings.

There is no explicit mention of an exchange-held insurance fund; however, asset security is enhanced through robust infrastructure and institutional-grade custodial practices—though no proprietary insurance or user fund protection scheme is publicly advertised.

Incident History

Coinmama experienced a data breach in 2019, involving compromised emails and hashed passwords of older accounts; since then, no major hacks or regulatory penalties have been reported publicly.

Blocktrade has maintained a clean operational record with no reported hacks, platform suspensions, account freezes, or regulatory penalties, reflecting its emphasis on security and compliance.

Risk Controls

Security measures include two-factor authentication (strongly recommended for users), but Coinmama does not currently offer advanced features like address whitelisting, anti-phishing layers, sub-accounts, or granular API permissions.

User accounts are safeguarded with mandatory 2FA, encrypted infrastructure, phishing-awareness measures, secure servers located in GDPR-compliant data centers, and API access governed by granular permission settings to mitigate unauthorized access.

Transparency

The exchange does not provide transparent, publicly available reports like monthly proof-of-reserves, accessible wallet addresses, or service-level agreements for uptime—but emphasizes clarity about its regulatory standing and verification processes.

Operational transparency includes audited infrastructure, GDPR-compliant data handling, and governance under EU regulations; although there are no regular public reports or service-level agreements (SLA) available, the platform emphasizes openness through its licensing disclosures and audit-ready security posture.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

You can fund your Coinmama account using bank transfers, credit/debit cards, and e-wallets (like Skrill or Neteller), as well as regional systems such as Giropay, PIX, and PSE, with minimum amounts usually starting around $5–$20 and daily or monthly maximums tied to your verification level; processing times vary by method, with cards and e-wallets instantly crediting your account and banks typically taking longer.

Blocktrade allows fiat deposits via EUR-only SEPA bank transfers and Visa/Mastercard card payments (including Apple Pay/Google Pay through the app). There’s a minimum trade threshold of around €10, but no official platform-imposed deposit minimums or maximum exposures are specified. SEPA transfers typically clear within 1–5 business days, while card deposits may occur almost instantly.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

Verification is tiered

There appear to be two user levels

Withdrawals

Crypto withdrawals are sent directly to your own wallet and incur only the standard blockchain fee; fiat withdrawals return funds through the original payment method, with a minimum typically around $30 and timing dependent on the payout channel.

Crypto withdrawals follow a standard process

Customer Support

Support is available 24/7 via live chat and email, backed by a rich knowledge base and academy content for self-help—though phone support isn’t offered, allowing generally quick replies and practical guidance.

Support is available via web/app chat for immediate issues, and a ticket/email system for detailed inquiries. The team operates Monday to Friday, 08

Languages & Localization

The platform’s interface is primarily in English, but supports multiple fiat currencies (like €/USD/GBP) for display, and adapts payment options and compliance to match local regulatory requirements across different countries.

The platform uses English as its interface language, with all fees shown in EUR. While regulated in EU jurisdictions, there’s limited localization for non-European users, including lack of native support for other fiat currencies or region-specific compliance.

App Quality & Stability

Coinmama operates via a web-based service and does not offer a mobile app; while the website is reliable and regularly updated, there’s no downloadable application to discuss in terms of stability or crash performance.

The mobile app presents a sleek, gamified interface and supports core functions like deposits, trading, and security features. With a moderate rating (around 2.9 on Google Play), there are mixed reviews—some citing stability issues or difficulty with deposits. Recent updates continue to evolve the app experience.

Experience, Performance & Ecosystem

UX/UI

Coinmama uses a clean, modern web interface that’s highly intuitive—there’s no Lite or Pro toggle, keeping it straightforward and instantly approachable for newcomers who just want to buy crypto quickly.

Blocktrade’s interface is intuitive and engaging thanks to its gamified design featuring XP levels and avatars; while it doesn’t offer distinct “Lite” or “Pro” modes, the clean, mobile-first layout is accessible to both newcomers and seasoned users without overwhelming complexity.

Performance

Purchases are generally processed swiftly after payment confirmation, with minimal order latency even during busy periods; KYC processes remain efficient, and there’s little evidence of significant delays during bull runs.

Performance tends to be smooth, with orders executing promptly under normal conditions; although during high-activity spikes the platform may encounter minor slowdowns, the streamlined onboarding helps minimize KYC bottlenecks even during bull markets.

Education

Coinmama offers a helpful Academy hub with beginner-friendly articles in English, though it lacks demo trading tools or simulators, and currently doesn’t provide education content in Spanish.

Blocktrade offers a friendly Academy with short beginner courses and articles that explain crypto basics; however, there’s no interactive demo or simulator, and content in Spanish is limited or absent at this time.

Community

While Coinmama doesn’t host an official forum or Discord, it does run a robust affiliate/referral program with tools and dashboards, fostering a grassroots community of promoters rather than active chat groups.

The platform encourages community interaction via its official Telegram group, and has a referral program that rewards both parties for inviting friends—but it doesn’t currently run public forums or a Discord channel.

Integrations

The platform remains minimalist with no external integrations—there’s no TradingView, bot support, tax accounting tools, or bookkeeping connectors, keeping the focus purely on one-click fiat-to-crypto purchases.

Blocktrade includes TradingView-powered charts and a public API, enabling integrations with external tools, but it lacks built-in support for bot setups, tax-reporting tools, or accounting features.

Who Each One Is Best For

This platform excels for buyers who value simplicity and speed, especially beginners; advanced traders seeking analytics, automation, or educational languages beyond English may prefer more feature-rich alternatives.

Blocktrade shines for users who enjoy a playful, uncomplicated crypto experience with gamified rewards and a user-friendly app—but it may not appeal to advanced traders seeking sophisticated tools, educational depth, or broad ecosystem integrations.