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.
Coinmama has done Many transactions for…
You will never see your money again. Support is a scam and eventually they will not respond. And they do not refund…they keep you money. The fees are exorbitant. Luckily my money has been refunded but am very disappointed at least a little explanation although they dont want to announce it public. The chatbox doesn’t work anymore if you make a mistake of chatting with an email they don’t have, by the time you use your correct email you cannot be connected by the chat bot to an agent anymore it’s very unfair
Extreme fees within hours – unacceptable
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.
Your satisfaction means the world to us, and we appreciate you taking the time to share your thoughts.If you ever need any assistance or have any questions, feel free to reach out. We’re thrilled to hear that your experience was easy and seamless. Please check your inbox (including spam/junk folders) and reply at your earliest convenience so we can assist you further.We are fully committed to helping you resolve this, and we’ll make sure you get the support you need.
If there’s ever anything we can do to make your experience even better, please let us know. Hello Ulf,Thank you for sharing your positive experience! As explained, it may take 1–14 business days for the funds to appear, depending on your bank.We’re always happy to help our customers, but please note that delays caused by ignored verification requests are beyond our control. Once you requested cancellation, both orders were promptly canceled, and refunds were initiated.
All reviews
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.
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.
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.
- This unregulated platform operates without the necessary regulation, raising doubts about the safety of your funds.
- Your satisfaction means the world to us, and we appreciate you taking the time to share your thoughts.If you ever need any assistance or have any questions, feel free to reach out.
- You can easily buy and sell cryptocurrencies with a host of convenient payment methods.
- Companies can ask for reviews via automatic invitations.
- We use dedicated people and clever technology to safeguard our platform.
They’ll guide you to an investment website that looks real but is a clever fake. What the investors don’t know is that the platform actually is a Ponzi scheme, in which they’re paid returns out of money put in by other investors. Criminals lure unwary investors into setting up accounts on an online investment platform with the promise of fabulous returns. Using investment platforms.
We champion verified reviews
(AARP is pushing for state laws to regulate this type of ATM and protect consumers from scams.) Scams where the victims were directed to use a cryptocurrency ATM have increased nearly tenfold from 2020 to 2023. Crypto investments are subject to far less regulatory protection than traditional financial products such as stocks, bonds and mutual funds. Sign up for biweekly updates on the latest scams.
Leave a comment Cancel reply
When choosing a platform, caution is warranted if the company lacks regulation by any overseeing agency. Coinmama is an online trading platform, it claims to offer investment opportunities. Additionally, a prosecutor talks about investigating cryptocurrency crimes in this episode of the AARP podcast The Perfect Scam. “And if someone says that you owe a fee or payment and they tell you to directly go to a crypto ATM machine, certainly it’s a scam.” The captive workers are forced to entice investors on the other side of the world with fake promises of romance in an effort to lure them into crooked investment schemes. Financial grooming/romance scams.
- Unlike the value of government-backed money, that of virtual currencies is driven entirely by supply and demand.
- Thank you for your positive review!
- Additionally, a prosecutor talks about investigating cryptocurrency crimes in this episode of the AARP podcast The Perfect Scam.
- 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.
- Great overall experience.
- This should serve as a warning that your funds may not be secure, and there’s no protective regulatory framework.
Usually your service is quite good but…
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.
How to forget your Coinmama wallet
Coinmama fails to provide any information about its staff on its website and promise fake returns. While regulation alone does not determine a scam, it is an essential factor to consider. This serves as a precautionary measure to prevent others from falling victim to the same scam. This action underscores your genuine efforts to retrieve your funds.
If you looking for a quick way to purchase some crypto look no further. Great overall experience. I have several coins on coinmama.
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
Lost old email; Coinmama won’t let me change account email
Bulletproof coinmama exchange review 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.