Coinmama Review: Is Coinmama Legitimate and Safe?
Are you wondering if Coinmama is safe and legit? 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?
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 immediate delivery. Coinmama also offers three levels of savings.
Is it Legit?
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. The email address you provide for identity verification should match your payment card address. 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. 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. 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. But it is not 100% secure. Some users complained about fees and security breaches. It is a smart idea to use an offline wallet to protect your funds.
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 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.
Before making any purchase, make sure you verify the exact location of Coinmama’s headquarters. 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. 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 process should take only 60 to 90 seconds.
Coinmama is an online exchange that accepts multiple 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 is a legitimate company that is registered with the FinCEN bureau of the 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.