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). There have been reports of security breaches.
What is Coinmama?
To use Coinmama users will need to verify their identity by presenting a government-issued ID along with 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. 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.
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. 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. It is not perfect security. There have been security breaches on the site and some users have complained about fees. 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 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 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. You will need to enter your email, name, password, and country of residence. After you sign up, Coinmama will send you an email containing a verification link. 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 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 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, 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. 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.