Coinmama Review – Is Coinmama Safe and Legitimate?
Do you wonder if Coinmama really is legit and safe? If so, read on for more information. We also cover Coinmama’s Customer Service. Coinmama, a popular cryptocurrency exchange, 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. In some cases, the company may ask users to provide secondary identification, such as a driver’s license or passport. 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. Users can pay through Fedwire, Skrill, or SEPA instant. They also offer instant delivery. Coinmama also offers 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, a bitcoin exchange, 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. 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 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. Next, verify that your address and Coinmama account matches. 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.
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. 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 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. You can track the transaction and see when your BTC was 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. Coinmama’s best feature is its ability to not store your assets or funds, which is a great benefit for users.