✔️ Information reviewed and updated in September 2024 by Pedro Martínez González
In this section we will tell you why You should NOT invest in Coinmama. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…
A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about Coinmama and we will tell you why we reached such a conclusion:
Basic Information
| 🌐 Website | coinmama.com |
| 🏠 Company* | Wellfield Technologies Inc. |
| ️ Regulatory | Not regulated |
| does not have | |
| 📈 Platform | own platform |
| 📌 Address | 42 Pearse St., Dublin D02 YX88, Ireland |
⚠️ Coinmama is owned by Wellfield Technologies Inc, the company is located in Ireland, potentially dangerous for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️
Account types
Now we will analyze the types of accounts that Coinmama offers, in this case, we observe that it does not offer types of accounts.
Information on the web
Coinmama provides a basic explanation about the financial products it offers, market news and analysis, live charts, not really much more than this.
List of phone numbers
+1 (650) 600-9939
🚫 Coinmama Final Valuation 🚫
Finally, and in a few words, our recommendation is: DO NOT INVEST WITH Coinmama.
As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.
In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!
Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.
Updates
News about Coinmama:
| Date | Update – news |
|---|---|
| June 2023 | We receive a large number of messages from Coinmama clients who claim that they cannot withdraw their capital. |
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Coinmama.
At the end of the review you will find customer comments.
How to Claim Money Scammed by Coinmama
If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.
How to Report Coinmama
If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.
FAQs
How can I report Coinmama?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is Coinmama a scam – is it a scam?
Yes. We believe that Coinmama is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.
Is Coinmama trustworthy?
No. Coinmama is not trustworthy, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.
How to recover money from Coinmama?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
Are there (recommended) alternatives to Coinmama?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
This company is a hoax. I'm telling you from my own experience, don't do it, you'll thank me later. Greetings.
Hi Dylan, thanks for writing about Coinmama. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY
Greetings.