Coinmama Review: Is Coinmama Legitimate and Safe?
Do you wonder if Coinmama really is legit and safe? If so, read on for more information. We also provide customer service for Coinmama. Coinmama, a popular cryptocurrency exchange, 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. 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. 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?
When you sign up for Coinmama, you’ll need to verify your identity. This can be done by uploading a driver’s license or other form of identification. 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.
It also claims its website is secure. Unlike many ICOs, Coinmama does not store credit card information online. 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. 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.
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 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. Coinmama offers customer support via email for any questions or concerns.
You can sign up for a Coinmama account by completing a simple form. Enter your name, email address, password and country of residence to create a Coinmama account. After you sign up, Coinmama will send you an email containing a verification link. 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 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. You can track the transaction and see when your BTC was sent.
Coinmama, a legal company, is registered with FinCEN bureau of 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.