Coinmama Review: Is Coinmama Legitimate and Safe?
Are you wondering if Coinmama is safe and legit? If so, read on for more information. 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 simple platform is easy to use, even for people with little or no experience in crypto currency exchange. The website has a 30-dollar minimum order and supports several methods of payment. 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 legal?
You will need to prove your identity when you sign up for Coinmama. This can be done by uploading a driver’s license or other form of identification. Your payment card address should match the email address you use to verify identity. Coinmama may also require you to take a picture of your ID and write down the date that you signed up.
It also claims its website is 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. 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 its attention on financial crimes such as money laundering and terrorist funding. But it is not 100% secure. 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.
Coinmama is a registered exchange and adheres to Know Your Customer (KYC), anti-money laundering, and know your customer standards. Coinmama is a member of the Financial Crimes Enforcement Network and the Financial Transactions and Reports Analysis Center of Canada.
Coinmama is a crypto exchange where you can buy and sell cryptocurrencies. They accept both credit and debit cards for payments and you can sell your coins for a profit within minutes. 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. 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. Enter your name, email address, password and country of residence to create a Coinmama account. Coinmama will email you a link to verify your account after you sign up. After verifying your email, you can log in to your account. This process should take only 60 to 90 seconds.
Coinmama accepts many payment methods. These include credit cards, debit cards, and wire transfers. 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. Coinmama’s other benefits include the fact that you don’t need to pay taker or maker fees and can perform crypto transactions in less than an hour. Another great feature of Coinmama is that it doesn’t store your funds or assets, which is a huge bonus for users.