Exchange
Now you are reading
Kriptomat - a cryptocurrency exchange not only for beginners [Review]
0

Kriptomat - a cryptocurrency exchange not only for beginners [Review]

created Michał SielskiJune 16 2021

Do you want to start investing in cryptocurrencies, but are afraid of complicated solutions, do not fully understand the rules of leverage and do not have much experience in financial markets? Kriptomat this is the solution for you - a cryptocurrency platform that is easy to use, intuitive and fully available in Polish, which offers not only the possibility of buying, but also deposits in cryptocurrencies.

Kriptomat has been operating since the beginning of 2018 and is gaining more and more popularity practically month by month. Like many cryptocurrency companies, they are based in Estonia but operate in all continents of the world. The website is available in Polish, but also in 21 other languages. It is English, Bulgarian, Croatian, Czech, Dutch, Estonian, French, German, Greek, Hungarian, Italian, Latvian, Lithuanian, Polish, Portuguese, Brazilian, Portuguese, Romanian, Russian, Slovak, Slovenian, Swedish, Spanish, Turkish. Importantly: this is not a machine translation, and even if it was, someone spent long hours changing and polishing Polish phrases to make them sound meaningful. It makes an impression. This is one of the most important distinguishing features of the Kriptomat exchange.

Transparency of the Kriptomat panel

Most often, a complicated investment panel is something that rejects novice investors from the cryptocurrency market. So Kriptomat has done everything to make trading cryptocurrencies simple and intuitive. This, of course, has its pros and cons. On the one hand, we are clear what we are doing, but experienced and risk-prone investors will not find opportunities to trade with the lever, futures or other more complex instruments there. However, this provides another pillar on which the Kriptomat is based. He is ... security.

kriptomat courses

Security

The very business achievements of the Kriptomat leaders indicate that the team of legal, financial and technological experts knows business. In addition to the Kriptomat exchange, they successfully run a platform for managing sales teams platformx or a marketing agency Spletnik.

The Kriptomat itself is also solidly secured. The company has had operating licenses since Financial Intelligence Unit for digital currency exchange services into fiat currencies and for running a digital wallet where cryptocurrencies can be stored. Kriptomat even has an international information security certificate ISO 27001: 2013. All this is possible thanks to the great importance attached to the security of clients' funds. 98% of them are stored on the so-called cold wallets that cannot be accessed from the network. Despite this, audits and security tests are carried out regularly to solve any problems and fix holes as soon as possible. This allowed, for example, to implement a solution consisting in separating the most important data to servers with above-average security. Nevertheless, there is no problem with something that should be and is very important in Kriptomat: ease of purchasing cryptocurrencies.

Ease of purchasing cryptocurrencies

We have a choice here approx. 100 cryptocurrency pairswhich is undoubtedly enough for most people. Especially that - at least at the beginning - almost everyone chooses something from the top: Bitcoin, Ethereum itd. 

The purchase itself is very easy, because we can buy cryptocurrency directly from a credit card or transfer to our euro account (USD and other currencies are not available yet) and exchange them for cryptocurrencies. However, there are more options, because you can use:

  • Bank transfer,
  • credit or debit card,
  • Skrill
  • Instantly,
  • Neteller.

After buying cryptocurrencies, they can immediately hit secure digital walletthat Kriptomat offers completely free. Especially when buying larger amounts of cryptocurrencies, it is worth considering whether it will not be a good - and even safer - solution. Its advantage is that it is very easy to use. You can even transfer cryptocurrencies from other wallets to it. 

Since the wallet is for free, it should not be surprising that we will also pay for trading

Low transaction fees

payment kriptomatWhen you buy cryptocurrencies for fiat currencies (EUR), you pay Present in several = 0,45% on the purchase value (min. EUR 1,45). It is more expensive when choosing a credit card, when the fees reach 2, 45% after making a purchase for over 100 EUR. However, in pairs between cryptocurrencies, the fees are already surprising, because ... they are not there! The commission is only charged for the withdrawal. And it's also a small one, because in the case of the most popular digital assets it is: 

  • Bitcoin (BTC) - 0.0006000 BTC
  • Ripple (XRP) - 0,0240000 XRP
  • Ethereum (ETH) - 0,0060000 ETH

Commission discount -10%

Use a discount code during registration and reduce your commission by -10% for the first 5 transactions. The discount applies to all instruments and is not limited in time.

A DISCOUNT CODE: FRXC10

Summary Kriptomat: easy, fast and safe

Kriptomat is the perfect place for people who want to start investing in cryptocurrencies. You can deal with both trading and try to catch lows and highs, as well as establish deposits in cryptocurrencies. There is also an option permanent recurring purchase, thanks to which you can automatically build a cryptocurrency wallet, e.g. for retirement, as we have been doing at Forex Club for over a year. Everything indicates that the funds are properly secured here, because the exchange is centralized - that is, it is a real intermediary in transactions. Therefore, she takes the greatest risk (hence its limitation by most funds on cold wallets). 

FAQ, i.e. frequently asked questions

First, you need to create an account and verify your identity. This is a standard on every cryptocurrency exchange. However, verification is very fast - it literally takes several minutes, which is not so fast everywhere. After that, everything seems intuitive, but if it is not, the tutorial will solve all the problems, as well as a large number of tips in Polish that help you navigate the platform. 
Yes. The company has all the necessary licenses and does much more than the minimum required by law, so that there is no doubt that it is completely legal.
Yes. Regular audits, as well as "looking for a hole in the whole", make it protected against virtually any type of attack and attempts to seize funds. Anyway, even if they were successful, 98% of cryptocurrencies still rest on safe, cold wallets, so the company's liquidity is not at risk.
You do not need. Only in the year in which any income from the sale of cryptocurrencies is obtained, do you have to pay 19% tax on net profit. It is reduced by the purchase costs, any transaction fees, etc. If you only buy cryptocurrencies (eg using the recurring purchase option), you do not have to fill out an additional PIT and pay taxes.
You do not need. This is just an additional security, recommended especially for those who want to store larger amounts for a longer period of time. If you want to actively speculate with cryptocurrencies, you can keep your funds on the cryptocurrency exchange at all times. The choice is yours.
No. There are no requirements for account activity. You can buy cryptocurrencies e.g. as an investment and not make any other moves for months or years. The purchased cryptocurrencies will be waiting all the time on your account or selected digital or hardware wallet etc.
What do you think?
I like it
Present in several = 20%
Interesting
Present in several = 60%
Heh ...
0%
Shock!
0%
I do not like
Present in several = 20%
Detriment
0%
About the Author
Michał Sielski
Professional journalist for over 20 years. He worked, among others, in Gazeta Wyborcza, recently associated with the largest regional portal - Trojmiasto.pl. He has been present on the financial market for 18 years, he started on the Warsaw Stock Exchange when the shares of PKN Orlen and TP SA were just being introduced to the market. Recently, his investment focus has been exclusively on the Forex market. Privately, he is a parachutist, a lover of Polish mountains and a Polish karate champion.