Protecting your crypto holdings: A complete guide to security in 2024
Coinmama Blog
by Steven Hay
4d ago
At Coinmama, as a non-custodial platform, we empower you to be the sole guardian of your digital wealth, highlighting the immense power—and responsibility—that comes with managing your own crypto assets. While this autonomy offers unmatched security and control, it also underscores the importance of vigilance in the crypto space. Unfortunately, despite best efforts, many individuals have faced the distress of lost or stolen crypto due to various reasons. Awareness of the potential dangers in the crypto space is the first step toward effective protection. Our goal is to equip you with the knowl ..read more
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Exciting Expansion: wGLD Joins Coinmama: Revolutionizing Gold
Coinmama Blog
by Steven Hay
3w ago
Coinmama is thrilled to announce an upcoming integration that marks a significant leap forward in the fusion of digital currency and precious metals. In collaboration with Wellfield Technologies Inc. (TSXV: WFLD), we’re set to offer our users an innovative new way to invest in gold through the decentralized finance (DeFi) platform wGLD, soon to be accessible via Coinmama.com. Innovating Investment: Wellfield’s launch of wGLD on the Optimism Ethereum Layer 2 blockchain is a game-changer. It signifies a bold step towards establishing a fluid DeFi gold ecosystem, enabling users to engage in decen ..read more
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How to Cash Out Bitcoin: A Comprehensive Guide with Coinmama
Coinmama Blog
by Coinmama
1M ago
In today’s uncertain times, the ability to convert Bitcoin into fiat currency is essential, even for the staunchest Bitcoin advocates. Coinmama understands the importance of liquidity and stands by you, offering a straightforward way to cash out your Bitcoin. Can You Sell Bitcoin for Cash? Absolutely. Amid the ongoing financial upheavals and health concerns, having access to fiat currency remains a priority. Coinmama provides a seamless process for converting your Bitcoin into cash, ensuring you have the financial flexibility when you need it most. Step-by-Step Guide to Cashing Out Bitcoin wi ..read more
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Buy Bitcoin in South Africa: A 2024 Perspective with Coinmama
Coinmama Blog
by Dudu Azaraf
1M ago
In the vibrant yet economically challenged landscape of South Africa, Bitcoin emerges as a beacon of financial autonomy and a hedge against the weakening rand. For South Africans seeking stability amidst economic flux, Coinmama offers a gateway to the world of Bitcoin. Cry The Beloved Country: Economic Context Despite its rich cultural heritage and resources, South Africa faces economic hurdles, from depreciating currency value to political and economic uncertainties. These challenges have propelled a growing interest in Bitcoin as a means to preserve wealth and ensure financial security. joha ..read more
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Best Way to Buy Bitcoin in New Zealand
Coinmama Blog
by Dudu Azaraf
1M ago
Nestled in the southern hemisphere, New Zealand is not only known for its picturesque landscapes but also for its robust economy and high quality of life. With a GDP per capita surpassing $41,000 US dollars and a notable 8th place ranking on the World Happiness index, New Zealand also stands out in the realm of digital finance. The country has seen a 50% increase in residents investing in cryptocurrencies, signaling a burgeoning interest in Bitcoin and other digital assets. Bitcoin in New Zealand: Pioneering in Crypto Adoption New Zealand: A Trailblazer in Crypto Legality Before El Salvador ca ..read more
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The Pros and Cons of Buying Bitcoin with a Bank Account in 2024
Coinmama Blog
by Steven Hay
1M ago
When it comes to purchasing Bitcoin, using a bank account offers a distinct set of advantages and considerations compared to credit or debit card transactions. Coinmama ensures a seamless and reliable service regardless of your chosen payment method. Here’s a breakdown of what you need to know when opting to buy Bitcoin with a bank account. Pros of Buying Bitcoin with a Bank Account Lower Fees: Transactions via bank accounts typically incur lower fees than those made with credit cards. While credit card processors may charge around a 5% fee, bank transfers optimize your investment by reducing ..read more
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How to Cash Out Your Bitcoin with Lower Fees!
Coinmama Blog
by Nimrod Gruber
1M ago
In our current times of uncertainty, even the most avid Bitcoin believers know that being able to sell Bitcoin and have fiat liquidity is a must. So while the financial revolution is going strong, for those of you who need to momentarily hit pause, Coinmama wants you to know: we’re still with you, and we’re doing it with the lowest fees possible. It’s our way of giving back to you in these tough times! Can you sell Bitcoin for cash? Now, more than ever, your health is probably first and foremost on your mind—it is on ours too—but your finances may be a close second. With over 3 million Coronav ..read more
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Bitcoin Scams to Watch Out For
Coinmama Blog
by Laurence Newman
1M ago
Here at Coinmama, we’ve unfortunately seen more people than we’d like to buy Bitcoins (BTC) only to discover that they’ve been the victim of a scam. This happens for a variety of reasons, which we’ll discuss below, but which can mostly be attributed to cryptocurrency’s growing pains. After all, BTC is only ten years old. Those scams don’t diminish the positive power of cryptocurrency or its legitimacy; we still believe that the future of money is one where the people are in charge of their own economy. But they do hinder overall acceptance of cryptocurrency and cause people to second gues ..read more
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What is Ripple (XRP)?
Coinmama Blog
by Steven Hay
1M ago
What is Ripple (XRP)? If you’re new to cryptocurrency the answer may surprise you… because it is not a cryptocurrency. While it originally referred to both the name of a coin and the platform on which it was based, today “Ripple” refers only to the platform—to either the RippleNet payment protocol or the company behind it, Ripple Labs Incorporated. The currency itself is now known as XRP, but even more surprising is that it’s not exactly a cryptocurrency either. Rather, it’s defined on the official site as a “digital asset for payments.” So, what is Ripple? For starters, it’s the payment ..read more
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5 People Who Might Be Bitcoin Inventor Satoshi Nakamoto
Coinmama Blog
by Laurence Newman
1M ago
If you buy Bitcoin, you may wonder where it—and cryptocurrency in general—comes from. After all, only a little more than a decade ago, the cryptocurrency didn’t exist. The answer to that question is Satoshi Nakamoto, whose open-source code led to the creation of Blockchain, the Bitcoin white paper, and the currency we use and love. But who is Satoshi Nakamoto? That’s a mystery that’s been chased by reporters and members of the crypto community for almost as long as the currency has existed. The pseudonymous person who invented Bitcoin is supposedly a 44-year-old Japanese man—at least acco ..read more
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