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 provide customer service for Coinmama. 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. 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. 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?
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. Unlike many ICOs, Coinmama does not store credit card information online. It also doesn’t offer a wallet service, so you’ll need to provide your own high-security wallet. Coinmama is licensed and regulated. There have been no reports that Coinmama has been 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. 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 part of the Financial Crimes Enforcement Network and 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.
First of all, you should check the location of the Coinmama headquarters before making a purchase. 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. Coinmama offers customer support via email for any questions or concerns.
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. 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 should take between 60 and 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 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.