Despite my repeated attempts to withdraw my funds, the transaction was consistently unsuccessful. Replied to 66% of negative reviews Crypto doesn’t need to be cryptic, which is why Coinmama has built a beginner-friendly platform, trusted by millions of loyal customers, that has stood the test of time.See more
Usually your service is quite good but…
Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. We use dedicated people and clever technology to safeguard our platform. Companies can ask for reviews via automatic invitations.
Everything you need to know about wallets
Once the money is deposited with it, it stops responding to the queries.. Unregulated entities can potentially abscond with your money without being held accountable. This should serve as a warning that your funds may not be secure, and there’s no protective regulatory framework. However, upon closer inspection, several red flags emerge that indicate this may be a potential scam.
Protect yourself from criminals offering phony investments or the illusion of romance
Bulletproof security.Coinmama’s goal is to make things easy for our customers but, if you get stuck, Coinmama has the friendliest customer support team in the industry standing by 24/7. Buy, sell, and securely store your crypto all in one easy-to-use app. You can easily buy and sell cryptocurrencies with a host of convenient payment methods.
To learn more, check out the FTC’s page on cryptocurrency scams. Baker says crypto-related romance scams are so lucrative that organized crime organizations kidnap people to work in call centers in places such as Cambodia and Myanmar. Scammers impersonate celebrities, contacting fans through social media to offer a chance to make a killing on a cryptocurrency investment.
Instant Bitcoin and Ethereum transactions. We perform checks on reviews Companies on Trustpilot aren’t allowed to offer incentives or pay to hide reviews. This unregulated platform operates without the necessary regulation, raising doubts about the safety of your funds. Be vigilant, as scammers may employ various excuses to delay the process. Dealing with an unregulated company like Coinmama increases the risk factor of your money.
If you looking for a quick way to purchase some crypto look no further. Great overall experience. I have several coins on coinmama.
How to forget your Coinmama wallet
Verification can help ensure real people are writing the reviews you read on Trustpilot. Find out how we combat fake reviews. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. We have sent you an email from with further instructions to help you locate and retrieve your funds.
- The Federal Trade Commission (FTC) warns consumers that crypto investing comes with many risks, including scams.
- To learn more, check out the FTC’s page on cryptocurrency scams.
- And they do not refund…they keep you money.
Easy deposit, hard withdrawal
Crypto assets are at risk of losing substantial (or all) value within a short time period. All e-commerce unfortunately comes with at least some risk of fraud or scam. Wish of a Lifetime AARP is a nonprofit, nonpartisan organization that empowers people to choose how they live as they age.
We verify reviewers
- Be vigilant, as scammers may employ various excuses to delay the process.
- Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
- You will never see your money again.
- This is not optional—it’s a standard regulatory requirement for all crypto transactions.
- There are issues with the app /site I’ve lost a lot of money that’s stuck there can retrieve it
It’s great to know that we met your expectations and provided a satisfying experience. Thank you so much for your positive review! We appreciate your support! If there’s anything else we can do to make your experience even better, please let us know.
(For more on these prison-like scam call centers, listen to this episode of the AARP podcast The Perfect Scam.) When you try to withdraw some of your earnings, you can’t, or you’ll be told you first need to pay high fees. Phony investment managers. More than three-quarters of them were unaware they were being scammed. Unlike the value of government-backed money, that of virtual currencies is driven entirely by supply and demand. Virtual money, unlike dollars, francs and other currencies, isn’t backed by any government or central bank.
There are issues with the app /site…
But many people have experienced dramatic losses, some through bogus investment platforms touted by scammers as sure moneymakers. The Federal Trade Commission (FTC) reported that investment scams, including cryptocurrency investment scams, had the highest median losses of all scams reported in 2024. Social media has become a breeding ground for scams, and some of the most popular platforms have been known to turn a blind eye and even allow scammers to advertise on their sites. After obtaining the initial deposit, more experienced scammers may be brought in to extract additional funds.
You may be contacted out of the blue by someone claiming to be an investment manager, who will promise to grow your money — but only if you buy cryptocurrency. When using cryptocurrency to pay scammers, victims lost more than $1.4 billion in 2024, according to the FTC. Identifying and removing scammer accounts is an uphill battle, exacerbated by the fact that social media platforms typically do not require identity verification or take an active stance against fraud.
Social media scams
In reality, your cryptocurrency goes straight to the scammer, and you’re not going to see it again. The FBI began Operation Level Up as an attempt to identify and warn victims of investment scams. The Federal Trade Commission (FTC) warns consumers that crypto investing comes with many risks, including scams. There is no guarantee that any crypto asset will have at any time in the future certain value (if any) or market liquidity. Fake brokers often use promises of passive income despite the fact that the type of financial products and services they’re offering are very hands-on, or even refer you to a fake investment firm whose site looks fairly professional.
They’ll ask you to send cryptocurrency to them by clicking on a link or using a QR code that supposedly belongs to the celebrity. Some self-directed IRAs do allow investment in virtual currencies, but the Internal Revenue Service does not approve or review these investments. Scammers sometimes advertise individual retirement accounts as IRS-approved to make them seem like a less risky investment.
Based on our records, we can see that you have three completed orders, all of which were successfully processed.If you are unable to access your funds, it’s coinmama exchange review possible that there may be an issue with your wallet or receiving address. There are issues with the app /site I’ve lost a lot of money that’s stuck there can retrieve it Thank you for your positive review! If you ever need assistance, we’re here for you! We’re thrilled to hear that you had a fast and smooth experience with us. We value your support and look forward to serving you again soon!