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 provide customer service for Coinmama. 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?
In order to use Coinmama, users must verify their identity with a government-issued ID and a selfie with Coinmama text. In some cases, the company may ask users to provide secondary identification, such as a driver’s license or passport. The company will only share the minimal information 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. 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?
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. The website itself is regulated and licensed, and there have been no reports of Coinmama being hacked.
Is it Safe?
Coinmama is a bitcoin exchange that 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.
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.
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. The customer service representatives at Coinmama are very helpful, and they answer questions in plain language. Coinmama offers customer support via email for any questions or concerns.
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. After you sign up, Coinmama will send you an email containing a verification link. 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 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 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 is a legitimate company that is registered with the FinCEN bureau of the U.S. Treasury. Coinmama, which is not required to sign up for other users on the network, is a great alternative to Gemini. 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. Coinmama’s best feature is its ability to not store your assets or funds, which is a great benefit for users.