Coinmama Review: Is Coinmama Legitimate and Safe?
Do you wonder if Coinmama really is legit and safe? For more information, please read the following. We also provide customer service for Coinmama. Coinmama is a popular crypto currency exchange that is registered with FINCEN, the Financial Crimes Enforcement Network. However, there have been reports of a security breach.
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 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. You can pay via Fedwire, Skrill or SEPA instant. They also offer immediate delivery. The Coinmama website also provides three levels of savings.
Is it Legit?
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 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. It is not perfect security. 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 part of the Financial Crimes Enforcement Network and Financial Transactions and Reports Analysis Center of Canada.
Coinmama is a crypto exchange where you can buy and sell cryptocurrencies. You can quickly sell your coins to make a profit and they accept credit and debit cards. Coinmama is an excellent place to buy and sell cryptocurrencies, but there are some cons.
First of all, you should check the location of the Coinmama headquarters before making a purchase. 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.
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 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, 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.