One of the most common pieces of advice for safely storing cryptocurrency is to keep it in your own wallet, not on an exchange. As soon as your payment clears, Coinmama sends you your coins. This is an important feature to consider since sometimes a day or two can mean large price fluctuations. To protect both parties from this, Coinmama “locks” the Bitcoin price for you as soon as you submit your order. The majority of Coinmama’s negative reviews complained about one thing – the identity verification process. Users claim that Coinmama requests a ton of information and, in some cases, rejects applications without giving a proper explanation why.
Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Email only, and the company promises faster response times for those who are a part of its loyalty program. Depending on what you buy, how long you hold it, and whether it becomes popular, you could potentially make a lot of money. If you had used Coinmama to buy bitcoin in November 2021, chances are that you would have lost money by now. With the Coinmama loyalty program everyone is automatically enrolled, you don’t have to sign up for anything. Currently there are three levels to the loyalty program that we’ll talk about in this https://www.tokenexus.com/coinmama-review/.
Coinmama Review: Advantages
This is notable because customer service can be a weak point in a lot of fintech services, especially trading platforms and crypto exchanges like Coinmama. Founded in 2013, Coinmama has been a long-time choice for consumers wanting a fast way to purchase cryptocurrency via credit/debit card. The company was the first to offer this method of payment and have grown rapidly as a result of this accessibility.
You can protect your account with a strong password on the user side of things, but there is no option to add two-factor authentication (2FA). Still, that makes little difference since none of your crypto holdings are held within your Coinmama account, as it sends everything directly to your personal wallet. Stay up to date with our latest exchange reviews, promotions, how-to guides and educational articles on Bitcoin, cryptocurrency & more. Despite Coinmama’s accessibility and ease of use, the lack of features and high fees greatly hinder the platform’s usability.
Excellent customer support as always
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As Coinmama is a bare-bones exchange, there are no additional features or complex order book-style interfaces to confuse users. Coinmama is GDPR compliant, and all personal information and documentation is encrypted. Coinmama does not store credit or debit card details on the website or servers.