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?
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. 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 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. Upload a driver’s licence or another form of identification to verify your identity. 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. 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. 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.
Coinmama is a registered exchange and adheres to Know Your Customer (KYC), anti-money laundering, and know your customer standards. Coinmama is a member of the Financial Crimes Enforcement Network and the Financial Transactions and Reports Analysis Center of Canada.
Coinmama is a crypto exchange where you can buy and sell cryptocurrencies. They accept both credit and debit cards for payments and you can sell your coins for a profit within minutes. 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. 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. Coinmama will email you a link to verify your account after you sign up. After verifying your email, you can log in to your account. This should take between 60 and 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 confirming the information, the exchange sends BTC to the address you specified. You can track the transaction and see when your BTC was 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. Another great feature of Coinmama is that it doesn’t store your funds or assets, which is a huge bonus for users.