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Kriptomat Review: Beginners Guide on How to Buy & Sell Bitcoin

Kriptomat Review: Beginners Guide on How to Buy & Sell Bitcoin image
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Kriptomat A-Z Guide Crypto is revolutionizing the world of finance. Blockchain technology presents the opportunity for brand new innovations and because cryptocurrencies are fractional, anyone can get involved – regardless of how much money they have. You’ve no doubt heard the stories about people becoming crypto millionaires overnight and perhaps you want a piece of…

Kriptomat A-Z Guide

Crypto is revolutionizing the world of finance. Blockchain technology presents the opportunity for brand new innovations and because cryptocurrencies are fractional, anyone can get involved – regardless of how much money they have.


You’ve no doubt heard the stories about people becoming crypto millionaires overnight and perhaps you want a piece of the action yourself?

 

However, getting started with cryptocurrencies can be somewhat daunting for newbies. There are so many new terms to understand it can feel like learning a whole new language, and if you’ve ever looked at an exchange you may have felt lost amongst all the technical buttons and constantly changing numbers flashing red and green.

 

Don’t be put off though! Kriptomat offers a safe and secure gateway to the exciting world of cryptocurrencies which is incredibly user-friendly. The process is quick and simple to follow, but just to make sure you’re totally comfortable, this detailed guide will take you through exactly how to use the platform and get the most out of your trading experience!

 

What is Kriptomat?


Kriptomat is a government-regulated cryptocurrency exchange based in Europe that enables people to seamlessly buy, sell and exchange dozens of the most popular cryptocurrencies with a range of payment methods.


The platform was carefully designed by a team of experts from the areas of technology, finance, and law whose mission was to make crypto accessible so that everyone can enjoy the freedom, fairness, and fulfillment it represents.

 

The exchange features learning resources, strong security measures and a user interface that’s very easy to understand. Kriptomat also provides a secure multi-currency digital wallet for storing your coins and is available for PC and mobile.

 

Why choose Kriptomat?

Kriptomat comes with a range of features and benefits which include:

  • An ever-expanding range of 57 different cryptocurrencies. This includes all the most popular coins and Kriptomat continues to add new listings.
  • Speed – it only takes minutes to register an account at Kriptomat and then you can trade in seconds.
  • Low fees and no hidden costs.
  • A range of payment methods is accepted. These include credit/debit cards, SEPA bank transfers, and Skrill/Neteller.
  • A secure digital wallet is provided for storing your coins and sending and receiving them to and from anywhere in the world.
  • Trustworthiness – Kriptomat is government-regulated, legally compliant and fully licensed under EU legislation.
  • Security – Kriptomat provides 2-factor authentication (2FA) and coins are kept safe in offline cold wallet storage with a range of organizational and technical security measures.
  • The exchange and customer support are available in 22 different languages.
  • The platform is available for PC, Android, and iOS, so you can also trade on the go.
  • Highly-rated – 4 stars on Trustpilot, 4 stars on the Google Play store and 5 stars on the App Store.

 

How to get started on Kriptomat


Kriptomat is a speedy portal to start trading cryptocurrencies – it only takes a matter of minutes to open an account.


1. Register an account

The first thing you’ll need to do is register.

Simply hit the “Get started” button in the top right of the Kriptomat website. You’ll then need to fill in your name (as it appears in your personal documents) and email address and choose a strong and unique password. Tick the box to confirm that you’re over 18 and agree to the User agreement and Privacy Policy then click “Create account”.

You’ll then be sent an email containing a link you’ll need to click to verify your email address. This will take you to a page where you need to fill in your phone number.

 

Hit the “Send code” button and then enter the verification code you should have just received by SMS. Once you click “Verify” you will have successfully registered your Kriptomat account!


2. Verify your identity
Before you can trade cryptocurrencies you’ll need to verify your identity which only takes a few minutes.

Click the “Start the verification process” button on your account page, fill in your address, and hit “Next”.

 

Then select your country and choose which type of ID you want to use for verification. Upload clear photos of your ID from your computer or click “Continue on your phone” to take the photos with your phone, then click “Confirm and proceed”. Next, make sure that your face is visible to your webcam and click “I’m Ready” and follow the instructions on-screen.

 

Once your face has been successfully captured, click “Next”. Now all you have to do is wait for the identity verification process to be completed. This usually takes 5 to 10 minutes and the verification status will update automatically once done.


3. Fund your account
You can make direct credit/debit card purchases of cryptocurrencies as soon as your account has been verified, or alternatively, you can fund your Kriptomat account with Euros first.

 

To do this, log in and click the “Deposit” button in the top right of your screen. This will show you the available deposit options. If you choose SEPA, you will be shown the details necessary for making a bank transfer. You’ll then have to visit your online banking and set up a transfer with the details provided for Kriptomat’s bank account. Make sure you include the correct reference number to ensure your funds are credited to your account. Once you’ve made the transfer, click the “I made the deposit” button. You’re now ready to start trading cryptocurrencies!

 

How to buy crypto on Kriptomat


Kriptomat offers the quickest and easiest way to buy Bitcoin and dozens of other cryptocurrencies.

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  • Log in to your Kriptomat account and click the “Buy & Sell” tab at the top
  • Select the coin you would like to buy from the drop down list of available cryptocurrencies
  • Enter the amount you would like to buy in Euros, or alternatively, click the icon on the right if you want to enter the amount in your chosen cryptocurrency
  • If using funds in your Kriptomat account, click “Preview transaction” and check you’re happy with the transaction details
  • Now simply hit the “Buy” button to finalize your transaction – your coins will be automatically added to your secure Kriptomat wallet!

 

Prefer to use a different payment method? Simply click “Payment method” before you preview the transaction. If you want to use a credit/debit card you will have to fill in your card details before making the payment. Alternatively, you can click the “Other” tab to choose one of the other payment options available in your country and follow the on-screen instructions.

How to sell crypto on Kriptomat


If you decide you want to part with your coins Kriptomat will let you do this at any time and it’s just as fast and simple as the buying process.

  • Log in to your Kriptomat account, click “Buy & Sell” at the top and open the “Sell” tab
  • Select which coin you’d like to sell from the drop-down list of available cryptocurrencies
  • Enter the amount you would like to sell in Euros, or alternatively, click the icon on the right if you want to enter the amount in your chosen cryptocurrency
  • Click “Preview transaction” and check you’re happy with the transaction details
  • Now simply hit the “Sell” button to finalize your transaction


How to make more informed trading decisions with Kriptomat


Although there are huge gains to be made from trading cryptocurrencies, there is also the potential to make major losses so it’s always important to do your own research (DYOR). If you’re new to the world of cryptocurrencies or simply want to keep up to date with the latest price movements, Kriptomat can make sure you’re always well-informed.


Kriptomat provides a comprehensive guide to crypto along with detailed guides for each cryptocurrency that will tell you everything you need to know about the coin’s purpose, history, and usage.

 

You can click “Price details” on the right of each guide page for further information about the coin’s price history and factors affecting its value. This page will also provide a dynamic price chart complete with drawing tools and indicators. There is historical price data underneath and you can set up an alert so you’ll be notified when the cryptocurrency reaches a specific price.


How to exchange cryptocurrencies on Kriptomat


As well as buying and selling cryptocurrencies, Kriptomat enables you to easily exchange your coins for any of the other cryptocurrencies available.

  • Log in to your Kriptomat account, head over to the “Buy & Sell” section, and click the “Exchange” tab
  • Choose which coins you want to exchange from and to by selecting them from the drop-down lists of available cryptocurrencie
  • Enter the amount of the coin you want to exchange from or click the icon on the right to enter the amount of the coin you want to exchange to
  • Click “Preview transaction” and check you’re satisfied with the transaction details
  • Simply hit the “Confirm” button and the exchange will be complete


How to transfer coins to and from your Kriptomat wallet


To send cryptocurrencies:
Log in to your Kriptomat account and select the coin you would like to send from the list under “My wallets”.

Click the “Send” button on the right and tick the boxes to confirm you understand the security notice. Next, enter the recipient’s address, making sure it’s correct and corresponds to the cryptocurrency you are sending (if you send a coin to an address for a different type of coin it will be lost!).

Fill in the amount you want to send and click “Preview transaction”.

You will then have to enter a verification code which will be sent to your phone or shown in the Google Authenticator app if you have set up Google 2FA. Then simply hit “Confirm” to complete the transaction.

 

To receive cryptocurrencies:
Once you’ve logged in to your Kriptomat account select the coin you would like to receive from the list of supported cryptocurrencies.

Hit the “Receive” button on the right then click “Show address”. You will now be shown your personal Kriptomat wallet address for the selected cryptocurrency and you can copy it or scan the QR code provided. Make sure anyone who sends you coins enters your address correctly and only sends the selected cryptocurrency to that address.

 

Conclusion


Kriptomat provides the safest and easiest way to buy, sell, exchange and store an ever-expanding range of the most popular cryptocurrencies. The user interface is incredibly easy to understand and the array of learning resources make crypto trading accessible to everyone.


As a regulated EU exchange, Kriptomat’s licenses and compliance should give users peace of mind, while its cutting-edge technology and industry-leading security measures will keep your coins safe.


Kriptomat is the fastest and simplest way to join the crypto revolution – it only takes a matter of minutes to open an account and then you can trade in seconds!


Register for a free Kriptomat account here today.

 

Frequently Asked Questions

Which cryptocurrencies does Kriptomat support?

At the time of writing, you can trade 57 of the most popular cryptocurrencies on Kriptomat, including Bitcoin, Ethereum, Tether, Ripple, Litecoin, Bitcoin Cash, Cardano and Chainlink. Kriptomat listens to the requests of its users and regularly adds new listings. See here for a full and up-to-date list of all available cryptocurrencies.

Which payment methods can I use?

You can fund your Kriptomat account with SEPA bank transfers or purchase cryptocurrencies with a credit or debit card. Other payment methods such as Skrill/Neteller are also available and you can open the “Other” tab under “Payment method” when making a purchase to see which are available in your country.

Where can I store my cryptocurrencies?

Kriptomat provides a trusted and secures multi-currency digital wallet free of charge. Whenever you make a crypto purchase on Kriptomat, your coins will be immediately and automatically added to your wallet. Kriptomat also offers savings accounts for some cryptocurrencies so you can earn monthly interest on your coins.

What are the fees and limits?

Kriptomat keeps fees as low as possible and there are no hidden costs – you will be shown the transaction fee in advance when you preview the transaction. Withdrawal fees vary by coin and the trading fees and limits will depend on the payment method used. See here for a full list of fees and limits.

Is Kriptomat safe?

Kriptomat is a government-regulated exchange and its licenses and compliance should put you at ease. Your account is kept secure by SMS authentication with the option to set up Google 2FA. The exchange’s security is constantly monitored and evaluated and your coins are kept safe by a range of industry-leading technical and organizational security measures.

How can I learn more about Kriptomat?

If you want advice about using Kriptomat, check out the extensive Help section or click the icon in the bottom right at any time to start a conversation with the customer support team. You can also visit the Learn section to view video tutorials on how to use the platform along with informative articles on more general crypto topics.

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