Kriptomat is a completely compliant and standardized platform for purchasing, securely saving, and utilizing cryptocurrencies for any payments.
What is Kriptomat?
Kriptomat is an EU-based cryptocurrency exchange platform and wallet service. This platform gives an effortless path to users for purchasing and saving cryptocurrencies. Kriptomat’s purpose is to give swift and easy access to various tokens with the least constraints. The important thing to note here is that Kriptomat has more than 30 cryptocurrencies to choose from and the platform is available in 23 languages for citizens in more than eight countries.
Kriptomat launched on February 7, 2018. As mentioned earlier, it is a custodial cryptocurrency exchange platform based in Estonia. It is an easy-to-use platform that non-technical users can also use for buying and selling cryptocurrencies. The company presents itself as “the most user-friendly government-regulated European cryptocurrency exchange”.
Regulation, Safety, and Security of Kriptomat
Security is the most important thing for any cryptocurrency traders or investors. Kriptomat has earned a solid reputation as a committed and reliable exchange that is completely compliant and monitored under EU law. The firm registered in Estonia, which has excellent cryptocurrency laws. If we compare it to other EU countries, this is great news, as it includes strong new laws for crypto businesses in 2017 under the Anti-Money Laundering (AML) and Terrorism Finance Act (TFA).
Clients can be secure in the awareness that Kriptomat completely complies with all the needed methods for know-your-customer (KYC), anti-money laundering (AML), and counter-terrorist financing (CTF). The platform established under the General Data Protection Regulation (GDPR) and implements organizational and professional standards to alleviate threats.
Apart from a cryptocurrency exchange, Kriptomat has teams of legal, business, and technology skilled people that manage the platform. Kriptomat drills ethical and honest business practices. That’s why it executes several technical standards and obtained an operating license – Licence for Virtual Currency service provider. Additionally, Kriptomat also received an international information security certificate ISO 27001:2013. Consequently, this certificate guarantees that the company performs reliable methods when it comes to information security.
Kriptomat Provides Almost 100 Cryptocurrency Pairs
One of the most amazing features of Kriptomat is that it has a good number of cryptocurrencies as well as trading pairs to pick from. Kriptomat can be regarded as one of the more reliable platforms when it comes to the diversity of cryptocurrencies. At the time, users can purchase, sell and save 31 cryptocurrencies on the platform.
There are no deceived charges when using Kriptomat – the exchange carries a low fee for purchasing and selling cryptocurrencies, which is always displayed before approving each transaction. Cryptocurrency to cryptocurrency exchange is free, while trading euros for a cryptocurrency or vice versa requires a 1.45% cost, with the least amount being €1.45. You can check fees and limits here.
Kriptomat does not require charges for deposits and withdrawals via SEPA. Charges for withdrawing cryptocurrencies are separate for each coin and are illustrated before users approve the transaction. A list of all the fees is displayed on the Fees and Limits page.
How to buy on Kriptomat?
The signup method is simple and straightforward. Just visit the homepage and click ‘Get started.’ After clicking, users will be led to a signup page where they must insert their basic details and keep a strong password. Click continue and Kriptomat will send users an email to verify and confirm the address. Next, users will need to confirm their phone number as a portion of Kriptomat’s security systems and once that is all achieved – users can use their account.
The amazing this about this platform is that it supports fiat currencies too. At the moment, it only supports one fiat currency EUR. The payment methods are as follows:
- Bank Transfer
- Credit Card
- Debit Card
A digital wallet is also available. Digital wallets run almost the same as a bank account. They enable users to save, transfer and accept cryptocurrencies. What’s critical to know, though, is that crypto wallets do not save coins, only your private keys, so they just defend access to the cryptocurrencies.
Kriptomat allows one sort of personal account that provides to everyone. All clients will have to complete identity confirmation before being ready to buy or sell cryptocurrencies. Under the My Account option, users can establish up two-factor authentication with SMS verification or Google Authenticator too.
From a cybersecurity point of view, Kriptomat obeys all of the most immeasurable measures users would demand from an exchange and storage platform. That is that they employ cold storage for 98% of their owned assets, have a complex DDoS protection system in place, and carry legitimate security tests on their platform to guarantee the best in security. The platform is safe from the hacks to date.
This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)
Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Please also note our Non-liability disclaimer.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
You might also like
More from Cryptocurrency Exchanges
Raoul Pal - former Goldman Sachs hedge fund manager and founder of Real Vision - a financial consultancy and media …