CoinMama.com is one of the leading crypto exchanges that make the whole process of buying and selling Bitcoins a very fast and easy one. As you can find at the bottom of their website, CoinMama is located in the Virgin Islands.
Method of Payment
CoinMama currently uses cash and credit cards (Visa Electron, Western Union MasterCard, PM, MoneyGram and Visa) as their accepted payment methods.
The site is accessible in English, Italian, French, Russian, German as well as Spanish. Compared to other exchanges sites; this is indeed a great thing, as the multiple language system enables people from all over the world to fully understand the services provided by CoinMama.
How reliable is CoinMama.com?
CoinMama’s company number (73980) is visibly stated on their site. The company originated from the Virgin Islands and their website is GoDaddy certified and security scanned also. The website makes use of HTTPS ensuring that none of your credit card details are stored on their system.
As started earlier, they maintain enhanced security without any extremities. Taking for instance, to enable a clear environment for financial transactions without any leaks, they make use of secured HTTPS protocol to achieve this.
When you visit CoinMama.com for the first time, the modernity and practical nature of their site will amaze you. The website is very fast and you will promptly and effectively find all the information you need.
CoinMama.com Pros & Cons
Lastly, we want to take a look at the pros and cons of CoinMama.com services. The company is located in the Virgin Islands and as far as privacy issues and security are concerned, this alone may seem more convenient. Aside that, CoinMama.
com makes use of both credit card and cash as Bitcoin payment method, which is certainly a plus
All the same, their request for a scanned ID or utility bill for account verification certainly poses some concern. Also, their inability to serve customers from USA as stated in their FAQ section comes with an added sense of insecurity.
In a nutshell, CoinMama.com has got some real potential and it is important some details are improved to ensure their platform becomes even more competitive in the near future!