coinmena review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
CoinMENA is a Bahrain-based exchange for Gulf residents who want a simple custodial account for spot crypto. It lists 100 coins, runs a mobile app for buying and holding, and takes deposits by card or bank transfer, which keeps funding straightforward.
Key facts
- Best for
- Straightforward custodial spot crypto from a regulated Gulf exchange, funded by card or bank transfer.
- Taker fee
- 0.75%↗
- Coins listed
- 100↗
- Regulators
- Virtual Asset Regulatory Authority, Central Bank of Bahrain↗
- Fiat deposit methods
- Card, Bank↗
- Withdrawal fee
- Varies by asset and network (e.g., Bitcoin 0.00009 BTC, Ethereum 0.0032 ETH, USDT 5 USDT)↗
- Derivatives
- No↗
- Exchange type
- Cex↗
- Legal entity
- CoinMENA FZE↗
- Headquarters
- Bahrain↗
- Founded
- 2019↗
- Support channels
- Help-centre, Email↗
- Features
- Custodial
- Official website
- coinmena.com
Crypto wallets
Facts checked September 26, 2026, 9 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- The app price is $0, so there is no subscription charge to get going.
- Deposits run by card and bank, covering both card payments and bank transfers.
- Oversight sits with named regulators: Virtual Asset Regulatory Authority and Central Bank of Bahrain.
- It has run since 2019 under the single name CoinMENA FZE, so there is one company to check.
Cons
- Trading costs are high for a spot venue: the taker fee of 0.75% is above bunq's 0.25% to 1.99% and eToro's 1%.
- Support runs on help centre and email only, so there is no phone line for urgent account problems.
- Derivatives are not offered, so traders chasing leverage find nothing here.
Who it suits
- Gulf residents who want an exchange with named regulators rather than an anonymous venue.
- First-time crypto buyers who would rather not manage keys, since holdings are custodial.
- People funding from Gulf bank accounts or cards, since both deposit methods are supported.
Who should look elsewhere
- Cost-first traders: bunq charges 0.25% to 1.99% against CoinMENA's 0.75%.
- Traders who want derivatives, since they are not offered here; eToro's taker fee of 1% is in the same range, so price alone is no reason to move.
How coinmena compares
8.7 vs 9.5
8.7 vs 9.3
8.7 vs 9.4
8.7 vs 9.4
8.7 vs 8.5
8.7 vs 9.4
8.7 vs 8.7
8.7 vs 9.2eToro's taker fee of 1% is close to CoinMENA's 0.75%, so switching for cost alone gains little.
8.7 vs 9.4
8.7 vs 8.7
8.7 vs 9.3
8.7 vs 9.0
8.7 vs 9.0
8.7 vs 9.2
8.7 vs 9.0
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8.7 vs 8.3
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8.7 vs 9.4
8.7 vs 9.3
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8.7 vs 9.1
8.7 vs 9.1
8.7 vs 9.0
8.7 vs 9.0
8.7 vs 9.0
8.7 vs 9.0
8.7 vs 8.9
8.7 vs 8.5
8.7 vs 8.4- 8.7 vs 8.0
Where coinmena is available
- Available
- Bahrain, United Arab Emirates
- Licence in United Arab Emirates
- Virtual Asset Regulatory Authority, checked September 26, 2026
- Licence in Bahrain
- Central Bank of Bahrain, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to trade on CoinMENA?+
Trading costs a taker fee of 0.75% on the spot side, which is above bunq's 0.25% to 1.99% and eToro's 1%. The mobile app itself costs $0, so there is no subscription on top. Withdrawal fees vary by asset and network, so the cost of moving coins out depends on the currency you pick.
Is CoinMENA regulated, and who runs it?+
CoinMENA is licensed by Virtual Asset Regulatory Authority and Central Bank of Bahrain. It is registered as CoinMENA FZE and is headquartered in Bahrain, with licences in Bahrain and the UAE. That gives readers named regulators to check and one company name to search.
How do I fund the account with fiat?+
Deposits run by card and bank, so both card payments and bank transfers are accepted. The account is reached through a mobile app, and the venue is a cex, so balances sit with the operator rather than in a wallet of your own.
Do I hold my own keys?+
No keys are needed. Account features list custodial, so the exchange custodies your coins and handles withdrawals for you, which is simpler than running your own wallet but means you lean on the operator's security.
How many coins can I trade?+
There are 100 coins listed and 100 supported, against a site median of 71.5. That puts the list above the middle of the market, so mainstream assets are well covered for ordinary buys.
Can I trade derivatives or leverage?+
No. Derivatives are not offered, so the platform is limited to spot buying and selling with no futures or margin product in the app. Traders who need leverage have to look at another venue.
How do I get help if something goes wrong?+
Support runs on help centre and email, which means a help centre and email rather than a phone line. Keep your transaction reference handy when you write, because the venue is a custodial cex and the account record sits with the operator.
How risky is trading crypto here?+
Retail losses on speculative assets sit high, with a median of 70.15% and an upper quartile of 74.5%. Custody at a licensed exchange makes storage easier, but it does not protect you from price falls, so size positions with that in mind.
Sources
- coinmena.com checked September 26, 2026
Backs: Features, Price
“CoinMENA provides digital asset trading and custody services”
- coinmena.com/en checked September 26, 2026
Backs: Derivatives, Exchange type, Fiat deposit methods
“spot and limit orders for buying/selling digital assets”
- coinmena.com/en/fees checked September 26, 2026
Backs: Coins listed, Taker fee, Withdrawal fee
“100+ digital assets”
- coinmena.com/en/legal-and-privacy checked September 26, 2026
Backs: Legal entity, Regulators, Licences
“CoinMENA FZE - Regulated by the Virtual Asset Regulatory Authority (VARA)”
- coinmena.com/fees checked September 26, 2026
Backs: Coins supported
“CoinMENA supports over 100 digital assets, including major cryptocurrencies like Bitcoin, Ethereum, XRP, Cardano, Solana”
- pitchbook.com/profiles/company/482163-49 checked September 26, 2026
Backs: Headquarters
“CoinMENA is headquartered in Manama, Bahrain”
- play.google.com/store/apps/details checked September 26, 2026
Backs: Wallet type
“CoinMENA: Buy Bitcoin Now - Apps on Google Play”
- support.coinmena.com checked September 26, 2026
Backs: Support channels
“Help Center and Submit a request support portal”
- cbinsights.com/company/coinmena checked September 26, 2026
Backs: Founded
“Founded Year 2019”
Compiled from 9 source pages, checked September 26, 2026. We did not open an account.
coinmena
Straightforward custodial spot crypto from a regulated Gulf exchange, funded by card or bank transfer.