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 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. 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. 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 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.
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 is a bitcoin exchange that 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 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 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. 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.
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. 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, 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. Coinmama’s best feature is its ability to not store your assets or funds, which is a great benefit for users.