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 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 simple platform is easy to use, even for people with little or no experience in crypto currency exchange. There is a minimum order of 30 dollars and several payment options. 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. 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. 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. 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.
Customer Service
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. Then, you should make sure that the address on your credit card and Coinmama account match. 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.
Fees
Coinmama is an online exchange that accepts multiple payment methods. These include credit cards, debit cards, and wire transfers. After selecting the payment method, users enter their credit card information, bank account numbers, and a confirmation link for the email address they’ve registered 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, 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.