Account frozen issue in Coinmama.
Coinmama is a type of cryptocurrency exchange incorporated in 2013. It is based out of Slovakia. It is operational in around 188 counties worldwide, and approximately 24 US states. It allows its users to buy Bitcoin and ETH through their credit and debit cards. Coinmama doesn’t allow any user to trade for cryptocurrency which means no one is allowed to sell their cryptos through Coinmama. All purchases of cryptocurrency by users are directly transferred from the company’s own holdings, making transactions more secure for traders than some of its competitors. Recently Coinmama has started to cover other currencies as well apart from BTC and ETH which includes Litecoin, Cardano, QTUM, Ethereum Classic, Bitcoin Cash and Ripple XRP. Coinmama is available only as a website and no mobile app is available for this. Users have to go through the detailed KYC process and need to upload their government id and photo id and purchase of currency with Coinmama. With comparison to its competitors, Coinmama has very high transaction fees which are 5.5 % paid to join mama. Coinmama charges an additional 5% to each debit and credit card transactions.
Although Coinmama is available worldwide with a wide access for cryptocurrencies it has many disadvantages associated with this.
Users have reported for failed transactions with Coinmama, as the exchange decline the cards multiple times without any reason. It leads to an account frozen issue for users. This exchange is limited for buying of coins only which many users are not comfortable with. If you are a Coinmama user and need any help on this contact our Coinmama support number +1 (855) 206–2326
Many users have reported that while sign up the exchange takes all their personal information, cards details but didn’t allow them to buy bitcoins. Many users have complained for a long time to complete a single order. The verification process is also quite prolonged reported by many users. If you need any help on this contact our Coinmama Customer Support number+1 (855) 206–2326. We have the dedicated team which works 24/7 for Coinmama issues.
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