Coinmama Review – Is Coinmama Safe and Legitimate?
Do you wonder if Coinmama really is legit and safe? 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. There have been reports of security breaches.
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. However, the company is careful to limit this information sharing to the minimum necessary. Users are also not allowed to use Coinmama outside of the US or in some sanctioned countries.
Coinmama’s platform is simple and easy to use even for those with no prior experience in cryptocurrency exchange. The website has a 30-dollar minimum order and supports several methods of payment. You can pay via Fedwire, Skrill or SEPA instant. They also offer instant delivery. The Coinmama website also provides three levels of savings.
Is it Legit?
When you sign up for Coinmama, you’ll need to verify your identity. Upload a driver’s licence or another form of identification to verify your identity. The email address you provide for identity verification should match your payment card address. Coinmama will also ask you to provide a photo of your ID along with a note stating the date you signed up.
The company also claims that its website is completely secure. Coinmama doesn’t store credit card data online, unlike many ICOs. It also doesn’t offer a wallet service, so you’ll need to provide your own high-security wallet. Coinmama is licensed and regulated. There have been no reports that Coinmama has been hacked.
Is it safe?
Coinmama, a bitcoin exchange, is registered with FINCEN (the Financial Crimes Enforcement Network). This agency focuses on financial crimes like money laundering and terrorist financing. But it is not 100% secure. There have been security breaches on the site and some users have complained about fees. It is a smart idea to use an offline wallet to protect your funds.
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. You can quickly sell your coins to make a profit and they accept credit and debit cards. Coinmama is a great place to buy and trade cryptocurrencies. However, there are some drawbacks.
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. Coinmama’s customer service representatives are extremely helpful and can answer your questions in plain English. Coinmama offers customer support via email for any questions or concerns.
You can sign up for a Coinmama account by completing a simple form. 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 process should take only 60 to 90 seconds.
Coinmama is an online exchange that accepts multiple payment methods. These payment methods include wire transfers, credit cards, debit cards and credit cards. After selecting the payment method, users enter their credit card information, bank account numbers, and a confirmation link for the email address they’ve registered with Coinmama. After confirming the information, the exchange sends BTC to the address you specified. 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 is a good alternative to Gemini, which does not require you to sign up with other users on the network. 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.