Kriptomat is a secure and user-friendly platform that makes it easy to buy, trade and store cryptocurrencies, making it an ideal choice for those looking to get started in the crypto world. The exchange, its features, security measurement, supported cryptocurrencies and fiat currencies, trading and withdrawal fees, and the Kriptomat digital wallet will be the primary focus of this Kriptomat review.
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What is Kriptomat?
Kriptomat is a government-regulated European cryptocurrency exchange platform founded on February 7, 2018. The company is based in Estonia and its main goal is to create an easy-to-use platform that non-technical people can navigate without much trouble. Kriptomat offers everyday rewards for everyday people, so it doesn’t provide features such as leverage and margin trading, or trading futures. Kriptomat is the most user-friendly government-regulated European cryptocurrency exchange, allowing users to buy, trade and store cryptocurrencies with ease.
Kriptomat is a cryptocurrency exchange platform that puts trust, security, and transparency at the forefront of its values. It was founded by a team of legal, financial, and tech experts who have also launched successful tech companies such as Spletnik (digital marketing agency) and Platformax (sales management and prospecting platform). Kriptomat offers a secure and user-friendly platform for buying, selling, and storing cryptocurrencies. It is also compliant with the 5th Anti-Money Laundering Directive (AMLD5) and is registered with the Financial Intelligence Unit (FIU) in Estonia. Kriptomat also offers 24/7 customer support and a wide range of payment options, making it an ideal choice for those looking for a reliable and secure cryptocurrency exchange.
Key Features of Kriptomat
Users who have registered can use the Kriptomat platform to:
Buy, sell, deposit, withdraw, and exchange 30 popular digital currencies via bank transfers, SEPA, Visa, Mastercard, Skrill, Neteller, Zimpler, Sofort, and others.
Low fees. Kriptomat has surprisingly low buying, selling, and trading fees, making it one of the most popular fiat-to-crypto gateways in Europe and elsewhere.
To store, secure, and transfer digital currencies, use a secure and regulated multi-currency digital wallet service. Kriptomat Exchange adheres to the highest international security standards, has multiple licenses, and abides by the most stringent data protection laws, such as GDPR.
An exchange that is suitable for beginners. Kriptomat was created with the user in mind. It makes it extremely simple to securely transfer, trade, buy, sell, deposit, and withdraw fiat and crypto funds to your linked bank account or private crypto wallet.
Using the Kriptomat mobile app, you can trade on the go. The exchange allows you to trade on iOS and Android devices and set up price alerts to stay up to date on market developments.
The platform is available in over 80 countries and has been translated into 23 languages, indicating that Kriptomat provides a truly global service.
Earn money and rewards by using the Kriptomat Rewards section or the generous referral and affiliate programs.
Know your customer (KYC) process accelerated. Even though it is heavily regulated, Kriptomat verification only takes a few minutes.
Key Advantages of Kriptomat
I’ll start this Kriptomat review by focusing on the positives.
Powerful Security
Kriptomat is a secure and reliable platform for buying, selling, and storing digital currencies. It is licensed by the Financial Intelligence Unit and has received an international information security certificate ISO 27001:2013. The platform is built based on the General Data Protection Regulation (GDPR) requirements, ensuring a high level of protection for users’ personal information. Kriptomat also implements various technical measures to ensure the safety of its users. With Kriptomat, users can buy, sell, and store digital currencies with confidence.
It offers a range of organizational and technical measures to ensure the safety of your assets. 98% of assets are held in secure cold wallets, and a dedicated team monitors all activities on the platform. Strict operational procedures and security tests are in place to identify and solve any vulnerabilities. Encryption mechanisms, network security, physical security measures, and a DDoS protection system are all implemented to protect personal data. Kriptomat is monitored 24/7 to respond to any technical failures, and it is recommended to get a reliable cryptocurrency wallet for extra security.
Almost 100 Available Crypto Pairs
Kriptomat is a cryptocurrency trading platform that offers users a wide variety of options when it comes to buying, selling, and storing digital assets. Currently, the platform supports 31 different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and more. Kriptomat also provides users with access to over 100 trading pairs, allowing them to diversify their portfolios and take advantage of market opportunities. The platform is also secure and user-friendly, making it a great choice for both experienced and novice traders.
Purchase Crypto with EUR
Kriptomat is a great platform for those who want to invest in cryptocurrencies like Ethereum and Bitcoin. It supports fiat currencies, with EUR being the only one available at the moment. When buying cryptocurrencies with fiat money on Kriptomat, users can choose from a variety of payment methods, such as Bank Transfer, Credit Card, Debit Card, Skrill, Sofort, and Neteller. Kriptomat is a secure and reliable platform, and it might be adding new payment options soon.
Digital Wallet Available
Kriptomat is a digital wallet that allows users to store, send and receive cryptocurrencies. It is free to use and easy to set up, making it a great choice for those looking to get into the crypto world. Kriptomat reviews show that the wallet is secure and user-friendly, and even those who already have a crypto wallet can use Kriptomat. With its simple interface and secure storage, Kriptomat is a great choice for those looking to get into the world of cryptocurrencies.
When it comes to protecting your cryptocurrency assets, getting a secure wallet is one of the best ways to do it. There are four different types of wallets to choose from: online, software, hardware, and paper. Online and software wallets are considered “hot” wallets, as your private keys are stored online, making them the least secure option. Hardware and paper wallets, on the other hand, are “cold” storage wallets, as your private keys are kept offline, making them much more secure. Of the two, hardware wallets are the most popular, as paper wallets can easily get wet or lost. Whichever type of wallet you choose, make sure to do your research and pick the one that best suits your needs.
Low Fees
According to a Kriptomat review, the platform charges a 1.45% fee for buying and selling crypto using fiat money. However, if you choose to pay with your credit card, the fees will go up to 3.7% for purchases over 100EUR. Kriptomat is a great choice for those looking to maximize their savings when trading cryptocurrencies. The platform offers low fees and a secure environment for users to buy, sell, and withdraw digital assets.
Withdrawal fees vary depending on the cryptocurrency, with examples such as 0.0006000 BTC for Bitcoin, 0.0240000 XRP for Ripple, and 0.0060000 ETH for Ethereum. Some cryptocurrencies are not available for withdrawal, so users must exchange them for other coins before making a withdrawal. Kriptomat also has various trade limits, such as daily/monthly SEPA deposit and withdrawal, crypto deposit and withdrawal, and more. All of these features make Kriptomat a great choice for those looking to buy, sell, and exchange cryptocurrencies.
Accessible in 80 countries
Kriptomat is a cryptocurrency exchange platform available in 80 countries globally, including Europe, Asia, North America, South America, Oceania, and Africa. However, it is not available in Afghanistan, Algeria, American Samoa, Bangladesh, Bolivia, China, Democratic Republic of Congo, Democratic People’s Republic of Korea (DPRK), Ecuador, Egypt, Ethiopia, FYR Macedonia, India, Iran, Iraq, Kyrgyzstan, Pakistan, Palestine, Qatar, Saudi Arabia, Syria, Morocco, Nepal, United States of America, Vanuatu, Vietnam, and Zambia. Kriptomat supports 22 languages, including English, Bulgarian, Croatian, Czech, Dutch, Estonian, French, German, Greek, Hungarian, Italian, Latvian, Lithuanian, Polish, Portuguese, Brazilian, Portuguese, Romanian, Russian, Slovak, Slovenian, Swedish, Spanish, and Turkish. Therefore, it is likely that you’ll be able to use Kriptomat in your native language. Before choosing a cryptocurrency exchange platform, make sure that there are no laws against such services in your country.
Key Disadvantages of Kriptomat
However, it is time to move on to the less pleasant part of the review and concentrate on Kriptomat complaints.
Centralized
Kriptomat is a centralized cryptocurrency exchange platform, meaning that it includes a third party as a middleman to conduct transactions. This type of exchange is usually easier to use and follows licenses and regulations, but users don’t have autonomy over their wallets. Decentralized exchanges, on the other hand, have no third-party involvement in transactions, but can be more difficult to use. It all depends on what it is that you’re looking for, as both centralized and decentralized exchanges have their own pros and cons.
Lacks Advanced Features
Kriptomat is a cryptocurrency exchange that offers a simple and easy-to-navigate interface. It is suitable for beginners and those who are just starting out in the world of cryptocurrency trading. However, it lacks more advanced features such as margin trading, trading futures, and leveraged trading. Despite this, Kriptomat is a great choice for those who are looking for a straightforward and secure platform to buy, sell, and store cryptocurrencies. It is also backed by a team of experienced professionals who are always available to help and answer any questions.
How to Use Kriptomat?
Learn how to easily create an account and make a deposit on Kriptomat with this step-by-step guide.
How to Create an Account on Kriptomat?
- Step 1. Press “Get started” at the top right corner of the website.
- Step 2. Fill in the required information: first and last name, email address, password, and confirmation that you are over the age of 18. Then click “Create an account.”
- Step 3. Go to your email, you should have received a verification letter.
- Step 4. Press on “Verify email address”.
- Step 5. Provide your number and paste it in 6 digits to confirm that it’s you.
- Step 6. Verify your identity and start using Kriptomat!
How to Make a Deposit on Kriptomat?
- Step 1. Fill out the applicant data, provide an identity document, and a selfie (to prove it’s you) to verify your identity.
- Step 2. In the top right corner of the screen, click “Deposit.”
- Step 3. Choose Bank transfer/SEPA.
- Step 4. Make a deposit using the SEPA payment details (recipient, data transfer) provided.
- Step 5. Press “I made the deposit”.
That’s it, you can now buy cryptocurrencies and start trading!
Conclusion
Kriptomat is a secure and legit centralized cryptocurrency exchange that puts in a lot of effort to protect its users. It is available in 80 countries and supports 22 languages, making it accessible to a wide range of users. The platform is easy to navigate, offers low fees, more than 100 available pairs, and a digital wallet. It is a great choice for newbies in the crypto world, as it provides a safe and secure environment for trading. Kriptomat is a reliable platform that is worth considering for anyone looking to get into the crypto market.
Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
