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 is a popular crypto currency exchange that 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. 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. There is a minimum order of 30 dollars and several payment options. You can pay via 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. In order to ensure the safety of your funds, it is a good idea to use an offline wallet.
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. 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. Coinmama offers customer support via email for any questions or concerns.
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. Coinmama will email you a link to verify your account after you sign up. Once you have verified your email, you will be able to log into your account. This should take between 60 and 90 seconds.
Coinmama accepts many payment methods. These payment methods include wire transfers, credit cards, debit cards and credit cards. 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. 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. 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. Another great feature of Coinmama is that it doesn’t store your funds or assets, which is a huge bonus for users.