Coinmama Review: Is Coinmama Legitimate and Safe?
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?
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. Coinmama is not permitted to be used in the US or other 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. Users can pay through Fedwire, Skrill, or SEPA instant. They also offer instant delivery. Coinmama also offers three levels of savings.
Is it Legit?
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.
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 is a bitcoin exchange that is registered with FINCEN, the Financial Crimes Enforcement Network. This agency focuses on financial crimes like money laundering and terrorist financing. 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 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. 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. 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 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. 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.