About Kriptomat

Launched in Tallinn, Estonia, in early 2018, Kriptomat is a relatively new, yet secure and user-friendly with a frictionless cryptocurrency trading experience. The platform's mantra is that 'everybody, everywhere, deserves the freedom, fairness, and fulfillment that crypto represents.' Kriptomat is fully transparent and regulated in Estonia, as it is registered with the Estonian commercial register (reg. code 14424637). The exchange supervised by the Ministry of Finance's Financial Intelligence Unit (FIU) and has two licenses to ensure its compliance.

Kriptomat deals with verified clients only. That means that every user, regardless of your trading volume or primary jurisdiction, must pass know your customer (KYC) and anti-money laundering checks (AML) to unlock trading.

Despite that, Kriptomat employs a quicker version of the KYC procedure, making it an almost frictionless experience. Hence, registration and account verification takes only a few minutes.

Registered users can use the Kriptomat platform to:

  • Buy, sell, deposit, withdraw, and exchange 30 top digital currencies using most popular payment methods like bank transfers, SEPA, Visa, Mastercard, Skrill, Neteller, Zimpler, Sofort, and others.
  • Low fees. Kriptomat offers surprisingly low buying, selling, and trading fees that make it one of the most fiat-to-crypto gateways in Europe as well as outside of it.
  • Use a secure and regulated multi-currency digital wallet service to store, secure, and transfer digital currencies. Kriptomat exchange adheres to the highest degree international security standards, has obtained multiple licenses, and complies with the strictest data protection laws like GDPR.
  • Beginner-friendly exchange. Kriptomat was designed with the end-user in mind. It makes it super easy to transfer, trade, buy, sell, deposit, and withdraw both fiat and crypto funds to your linked bank account or private crypto wallet securely.
  • Trade on-the-go using Kriptomat mobile app. The exchange supports trading on iOS and Android devices and lets you set up price alerts to get notified about the latest market developments.
  • The platform is accessible in more than 80 countries, and is translated into 23 languages, meaning that Kriptomat offers a truly global service.
  • Earn rewards and money via the Kriptomat Rewards section or generous referral and affiliate programs.
  • Expedited know your customer (KYC) process. Despite being heavily regulated, Kriptomat verification takes only a few minutes.

Kriptomat Supported Countries

Kriptomat is a global cryptocurrency exchange that offers its services for people from all over the globe. Currently, the exchange accepts customers from 82 countries across 6 continents. These include:

  • Europe: Albania, Andorra, Austria, Belarus, Belgium, Bosnia & Hercegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Moldova, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, Ukraine, and United Kingdom.
  • Asia: Armenia, Azerbaijan, Bahrain, Cambodia, Georgia, Hong Kong, Indonesia, Israel, Japan, Kazakhstan, Philippines, Russia, Singapore, Sri Lanka, Taiwan, Thailand, and United Arab Emirates.
  • North America: Canada, Cayman Islands, Costa Rica, Greenland, Grenada, Mexico.
  • South America: Argentina, Brazil, Chile, Colombia, French Guiana, Peru, Uruguay, Venezuela.
  • Africa: Kenya, Nigeria, Seychelles, South Africa, Tunisia.
  • Oceania: Australia and New Zealand.

Upon clicking the "register" button on the exchange's website or mobile app, you will be guided to verify the following details:

  • Your email address
  • Your mobile phone number
  • Upload an identity confirming document (ID or passport)
  • Proof of living (selfie)

After verification, you're free to deposit and withdraw funds and perform trades on the platform.

Kriptomat Fees and Trading Limits

Like most cryptocurrency exchanges, Kriptomat charges fees for buying, trading, and selling cryptocurrencies and crypto withdrawal fees.

A regular cryptocurrency purchase at Kriptomat will cost you 1.45% of the total transaction amount, or at least1.45 EUR (or its equivalent). The same applies to every crypto-to-fiat sale. When it comes to credit card buys, a user will pay 3.65% for every transaction above 100 EUR. A variable credit card fee is charged for every purchase below 100 EUR.

Kriptomat does not charge any fees for SEPA deposits and withdrawals. However, it costs a fixed 1 euro deposit fee for deposits from your bank account and a fixed 2 euro withdrawal fee for withdrawals from your Kriptomat account. In some cases, your bank may charge extra fees for transfers between your and Kriptomat bank accounts. The minimal SEPA deposit amount must be at least 35 euros (or its equivalent).

When it comes to cryptocurrency deposits, Kriptomat does not charge a fee for moving coins into the exchange's wallet, and regular crypto transactions are free of charge.

Kriptomat Security

Kriptomat is a generally secure exchange and has not experienced any hack yet. The exchange employs international security standards and audits to ensure that your funds remain protected at all times. It has obtained ISO 27002:2013 certification for information security management and CryptoCurrency Security Standard. Besides, the exchange is a government-regulated in the European Union, complies with General Data Protection Regulation (GDPR), and is a fully licensed digital asset exchange and wallet service provider.

In order to maintain the highest physical and cybersecurity standards, Kriptomat utilizes the following security measures:

  • Cold storage with controlled access. 98% of digital assets are kept in highly secure offline wallets with monitored balances and strictly limited access.
  • A dedicated 24/7 monitoring team. Kriptomat has a separate unit that monitors and responds to all and any suspicious activities on the exchange.
  • Strict operational procedures. All platform support and development operations follow defined operational processes, and the most sensitive tasks are carried out according to the 'four-eyes principle.'
  • Security tests. Kriptomat performs regular penetration tests to identify and mitigate potential vulnerabilities following secure coding principles.
  • Encryption mechanisms. All communication within the platform uses encryption to prevent man-in-the-middle attacks and data leaks to unauthorized users.
  • Network security is ensured by following the network zoning principles.
  • Physical security measures that ensure the safety of physical platform components. These include an access control system, security guards, distributed safe deposit boxes for cold storages, severs' location confidentiality, and more.
  • DDoS protection system with a Web Application Firewall that protects against attacks on potential application vulnerabilities.