Review on Coinomat USD by Japheth Ayuba
Coinomat USD card is not available
The Coinomat USD card has been put out of service due to a number of reasons such as majorly due to a security breach on the platform in 2019 that led to losses of funds and an outflow of its users from it's platform. Another reason quoted by many Crypto users like myself was the high transaction fees the platform charged for loading crypto up for making payments and even the conversion rate doesn't sit well with me. After it's hack in 2019, the banking partners associated with Coinomat stopped providing services to the card and this further crumbled the business for Coinomat
Right now, Coinomat USD card is not functioning, it's website domain is still up and promises of refunding any losses incurred due to it's unfortunate incident which indicates how reliable the platform was and still is after suffering such losses. Am glad Coinomat did turn out to be reliable even after it stopped servicing it's USD card. And to the users who are yet to claim any of their losses made due to the hack, you can contact their support mailing address
Pros
- Promises of refunding losses shows how reliable the platform is despite it's closure
Cons
- The services of Coinomat card has to be discontinued due to a plethora of issues faced
- Banking partners associated with Coinomat stopped providing services to the card
- The Coinomat platform has been breached which led to losses of funds
