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Author Topic: Does Coinmama private the private keys?  (Read 182 times)
miogpsrocks (OP)
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October 26, 2017, 03:13:09 AM
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Does Coinmama private the private keys when  you purchase bitcoin from them?

Thanks.
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pawanjain
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October 26, 2017, 05:45:01 AM
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Can you please ask your question with a little more clarity ? Are you asking whether it provides any private key ?
It does not provide any private key since it is buy crypto platform. You will be given the coins in your wallet address when you make a transaction with them. But I wouldn't recommend you buying crypto with them as there are rumors that it is a scam. There is no real security too.
Buy from sources such as coinbase or localbitcoins.com

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October 26, 2017, 07:06:09 AM
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Does Coinmama private the private keys when  you purchase bitcoin from them?

Thanks.

What do you mean? Your question doesn't make much sense.

When you purchase bitcoin from coinmama you are essentially entering your credit card details and getting coins sent to your bitcoin address. In the process, only your bitcoin address is shared with them and not your private key.

And no, they do not hold private keys for you if that was what you meant.

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October 26, 2017, 07:57:54 AM
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I think CoinMama doesn't provide bitcoin wallets to their consumers. So impossible that they can have access to your bitcoin because you are the one who will provide bitcoin address in able to send the bitcoin to you. That's all i know. They are not not like Coinbase which they can provide wallet for you. They are just bitcoin broker. Just provide them your address which you have access to your private keys. Mycelium and Electrum can do that. Don't use wallet which you can't access your private keys. Usually online wallets doesn't support that feature. So, avoid them. Use only wallets that you can access your private keys.

Edit: maybe i can help you.
https://bestbitcoinexchange.com/coinmama/
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