Kriptomat Review 2024

Our veredict

Kriptomat is a user-friendly cryptocurrency exchange that stands out for its robust security measures and regulatory compliance under EU law. Based in Estonia, Kriptomat ensures high levels of security through advanced encryption, regular penetration tests, and the majority of funds stored in cold wallets. The platform is particularly beginner-friendly, offering an intuitive interface, educational resources, and a variety of payment methods including bank transfers and credit cards. Moreover, its lower-than-average withdrawal fees and transparent fee structure make it an attractive option for new users.

However, Kriptomat is not without its downsides. The platform supports a somewhat limited number of cryptocurrencies compared to larger exchanges, which might not cater to more advanced traders looking for a broader selection. Additionally, while the customer support is praised for its responsiveness, the lack of a phone support option might be a drawback for some users. Despite these limitations, Kriptomat’s commitment to security and ease of use makes it a solid choice for those new to cryptocurrency trading.

Pros

Wide Range of Cryptocurrencies: Kriptomat supports over 200 cryptocurrencies, providing users with extensive options for trading and investment.
Comprehensive Security Measures: Kriptomat employs stringent security protocols, including advanced encryption, cold storage for assets, and regular security audits to protect user funds and data.
Diverse Payment Options: The platform supports multiple payment methods, including credit cards, bank transfers, PayPal, and various e-wallets, making it convenient for users to deposit and withdraw funds.

Cons

3,5

Threenvest Score

Fees

0.10% (Maker), 0.10% (Taker)

U.S Legal

Yes

Why can you trust Threenvest?

At Threenvest, we are unwaveringly committed to providing you with unbiased ratings and information. Our editorial team operates independently, free from any advertising influence. We use meticulous, data-driven methodologies to evaluate financial products and companies, ensuring that all assessments are conducted on a level playing field.

To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose Kriptomat?

Choosing Kriptomat as your cryptocurrency exchange comes with several compelling benefits, particularly for those new to the crypto world. First and foremost, Kriptomat’s intuitive and user-friendly interface makes it easy for beginners to navigate and manage their digital assets. The platform provides extensive educational resources, including guides and video tutorials, to help users make informed investment decisions.

Security is another significant advantage of using Kriptomat. The exchange complies with stringent EU regulations and employs advanced security measures such as cold storage for the majority of its assets, encryption, and regular penetration tests. These measures ensure that your funds and personal data are well-protected, giving you peace of mind while trading.

Moreover, Kriptomat offers competitive fees, especially for cryptocurrency withdrawals, which are lower than the industry average. The transparency in fee structure and the absence of hidden costs make it an attractive option for cost-conscious traders. With various payment methods available, including bank transfers, credit cards, and several e-wallet options, funding your account is convenient and flexible.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert in the field, I recommend Kriptomat for its exceptional security measures and user-friendly interface, which make it ideal for beginners. The platform’s compliance with EU regulations ensures a high level of trust and safety, while its transparent fee structure and multiple payment options add to its convenience. Whether you’re new to cryptocurrencies or looking for a secure and reliable exchange, Kriptomat offers a balanced approach to trading and investing in digital assets.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.