Coinmama Review – Is Coinmama Safe and Legitimate?
Are you wondering if Coinmama is safe and legit? For more information, please read the following. We also cover Coinmama’s Customer Service. Coinmama is a popular crypto currency exchange that is registered with FINCEN, the Financial Crimes Enforcement Network. However, there have been reports of a security breach.
What is Coinmama?
In order to use Coinmama, users must verify their identity with a government-issued ID and a selfie with Coinmama text. Sometimes, the company might ask for secondary identification such as a passport or driver’s licence. The company will only share the minimal information necessary. Coinmama is not permitted to be used in the US or other sanctioned countries.
Coinmama’s platform is simple and easy to use even for those with no prior experience in cryptocurrency exchange. There is a minimum order of 30 dollars and several payment options. Users can pay through Fedwire, Skrill, or SEPA instant. They also offer instant delivery. The Coinmama website also provides three levels of savings.
Is it Legit?
You will need to prove your identity when you sign up for Coinmama. Upload a driver’s licence or another form of identification to verify your identity. Your payment card address should match the email address you use to verify identity. Coinmama will also ask you to provide a photo of your ID along with a note stating the date you signed up.
It also claims its website is secure. Coinmama doesn’t store credit card data online, unlike many ICOs. Coinmama does not offer a wallet service. You will need to create your own high-security wallet. The website itself is regulated and licensed, and there have been no reports of Coinmama being hacked.
Is it safe?
Coinmama is a bitcoin exchange that is registered with FINCEN, the Financial Crimes Enforcement Network. This agency focuses on financial crimes like money laundering and terrorist financing. It is not perfect security. Some users complained about fees and security breaches. In order to ensure the safety of your funds, it is a good idea to use an offline wallet.
In addition to being a regulated exchange, Coinmama also adheres to anti-money laundering and Know Your Customer (KYC) standards. Coinmama is a member of the Financial Crimes Enforcement Network and the Financial Transactions and Reports Analysis Center of Canada.
Coinmama allows you to buy and sell crypto currencies. They accept both credit and debit cards for payments and you can sell your coins for a profit within minutes. Coinmama is an excellent place to buy and sell cryptocurrencies, but there are some cons.
Before making any purchase, make sure you verify the exact location of Coinmama’s headquarters. Then, you should make sure that the address on your credit card and Coinmama account match. The customer service representatives at Coinmama are very helpful, and they answer questions in plain language. If you have questions or concerns, Coinmama has customer support agents available round-the-clock via email.
By completing the simple form, you can register for a Coinmama Account. You will need to enter your email, name, password, and country of residence. Coinmama will email you a link to verify your account after you sign up. Once you have verified your email, you will be able to log into your account. This should take between 60 and 90 seconds.
Coinmama accepts many payment methods. These payment methods include wire transfers, credit cards, debit cards and credit cards. After choosing the payment method, users must enter their bank account numbers and credit card information. A confirmation link will be sent to the registered email address with Coinmama. After verifying the information, the exchange will send BTC to your address. The transaction is tracked and you can see when your BTC is sent.
Coinmama is a legitimate company that is registered with the FinCEN bureau of the U.S. Treasury. Coinmama, which is not required to sign up for other users on the network, is a great alternative to Gemini. Another benefit of Coinmama is that you don’t have to pay maker or taker fees, and you can conduct crypto transactions within an hour. Another great feature of Coinmama is that it doesn’t store your funds or assets, which is a huge bonus for users.