Kriptomat review: Our experiences and test 2020

Short summary

Website20 languages: English, German, Estonian, Spanish, French, Croatian, Italian, Latvian, Lithuanian, Hungarian, Dutch, Polish, Portuguese, Romanian, Slovak, Swedish, Turkish, Czech, Greek, Russian, Bulgarian, Slovenian, Brazilian Portuguese
Supportall 20 languages are supported
Deposit viaSEPA, Credit card, Zimpler, Skrill, Neteller, SOFORT/Klarna
Pro✅ Buy cryptocurrencies directly with Euro
✅ Very easy to use interface in 20 languages
✅ Wide variety of cryptocurrencies and payment methods
✅ Licenced by public authorities in Estonia

>> Buy cryptocurrencies on Kriptomat now <<

About Kriptomat

Kriptomat is a relatively young cryptocurrency exchange based in Estonia that has enjoyed growing popularity over the past year. Trading on the platform is currently restricted to Europe, so investors from, for example, the USA are not allowed to use the platform. The exchange’s slogan “Everbody deserves crypto” is virtually the agenda of the exchange.

The focus is on an easy to use and modern user interface, which allows everyone to buy and trade cryptocurrencies. Accordingly, the operation is very intuitive and uncomplicated and thus ideally suited for newcomers. In contrast to other exchanges, even beginners don’t have to search for certain functions.

In terms of professionalism, Kriptomat can convince with two licenses from the Estonian government, which wants to establish itself as one of the European hub for cryptocurrency companies. The licenses granted by the Estonian government include a license as a provider of virtual currency exchange against Fiat currencies and a license as a wallet provider. Moreover, Kriptomat is also a founding member of INATBA (International Association for Trusted Blockchain Applications). Other well-known blockchain projects, like the IOTA and Cardano Foundation and Algorand, are also part of the organization.

A very positive aspect of Kriptomat is the availability of 20 languages. In addition to English, other languages available include German, French, Spanish, Portuguese, Estonian, Croatian, Italian, Dutch and Turkish.

What cryptocurrencies does Kriptomat offer?

With 30 different cryptocurrencies, Kriptomat does not support the largest number. Nevertheless, the range is very well selected. In addition to the major and most popular cryptocurrencies, such as Bitcoin, Ethereum and Ripple, Kriptomat also offers smaller popular cryptocurrencies, such as IOTA, Cardano or TRON. Below you can find the current list as of 03/2020:

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Kriptomat costs and fees

The fees and costs for deposits and withdrawals are very transparent and can be found quickly. Kriptomat charges a nominal fee for each transaction of funds from your account and for buying/selling cryptocurrencies. The calculated fees are always displayed during the creation of the purchase order. The deposit fees look like the following:

TransactionFee %Minimum
SEPA (Euro to crypto)1.45%1,45 EUR
Zimpler 2,89 %
SEPA sell (crypto to Euro)1,45%1,45 EUR
Credit card >100 EUR3,65 %
Credit card <100 EURvariable

In terms of payout fees, Kriptomat has a big advantage over the competition! Unlike most other exchanges, Kriptomat does not charge a fee on the payout, but only a “network fee”, which you can see in the table below.

Bitcoin0.000625 BTC
Ripple0.025 XRP
Ethereum0.00625 ETH
EOSnot possible
Litecoin0.00125 LTC
Stellar0.00003 XLM
Bitcoin Cash0.00013 BCH
Cardanonot possible
Moneronot possible
IOTAnot possible
DASH0.00625 DASH
NEOnot possible
Ethereum Classicnot possible
NEMnot possible
Zcash0.00013 ZEC
Augur0.25 REP
Gnosis0.00625 GNO
0X2.5 ZRX
OmiseGo0.5 OMG
Enjin32.5 ENJ
Status43.75 SNT
SunContract6.25 SNC
Metal2.5 MTL
Civic13.875 CVC
Request Network 37.5 REQ
FunFair107.5 FUN
Propy 1.25 PRO
Loopring13.215 LRC

The payout amount must be at least 15 EUR for cryptocurrencies. The minimum trade value is 30 EUR for all trading pairs. Furthermore, the minimum for a SEPA deposit on Kriptomat is 35 EUR.

How do I set up a Kriptomat account / account?

Setting up an account at Kriptomat is very simple and intuitive, as is the use of the entire platform. First you go to the official website and then click on the orange “Register” button. This will open the following pop-up window where you have to enter your first and last name, an email address and a password for the exchange. After you have confirmed your age (over 18 years) by clicking on the checkbox and the reCATCHA, the “Create Account” button will turn blue and become clickable.

Kriptomat will then send you an e-mail with a confirmation link. You will see the following message on your screen. Follow the instructions and go to your e-mail box to confirm your registration by clicking on the button in the e-mail from Kriptomat.

kriptomat registration

As soon as you have done so, you can log in to your Kriptomat account with the access data you have just assigned. Before you can see your wallet, the buy and sell options and other features of the exchange, however, you have to enter and verify your phone number. After you have entered your login data, you will see the following pop-up window:

kriptomat registration review

At this point you simply enter your telephone number. Within a few seconds Kriptomat will send you an SMS containing a verification code that you have to enter on the website. Once you have done this as well, you will be taken to your personal account page. In the upper area you will see a request that you have to confirm your identity before you can start buying cryptocurrencies. To start the process, simply click on the request (in the screenshot we already passed the verification).

kriptomat verification

A new pop-up will then open in which you have to enter your address (street, house number, city, country). The next step is to upload a photo or scan of your passport or ID card. Usually this process is very cumbersome if you take a photo of the document with your smartphone and then need to transfer it to your computer.

To get around this problem, Kriptomat has come up with a very smart and straightforward solution. You can easily continue the registration process on your smartphone. Just click on the link and Kriptomat will send you an SMS with a link to continue the process.

You can then take a photo of your ID (front and back) with your smartphone and upload it immediately. The same applies to the third and final step. To verify your identity, Kriptomat asks for a selfie of you. You can grant Kriptomat access to your camera from your smartphone and directly take a selfie of yourself.

If you want to buy cryptocurrencies via SEPA bank transfer, it is also necessary to add a bank account to your Kriptomat account in the last step. You can then deposit money via SEPA and then use your “balance” to buy Bitcoin and other cryptocurrencies. If you use Neteller, Skrill or your credit card, this is not necessary.

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Verification levels and purchase limits

Once you have completed the registration process described above, the following purchase limits will be available to you. There is no classification by different verification levels, as is the case with other crypto exchanges.

Daily deposit and withdrawal via SEPA25,000.00 EUR
Monthly deposit and withdrawal via SEPA200,000.00 EUR
Deposit and withdrawal in cryptocurrenciesno limit
Daily limit for other payment methods500.00 EUR
Monthly limit for other payment methods5,000.00 EUR

Buy cryptocurrencies on Kriptomat

Buying Bitcoin, Ethereum or another altcoin on Kriptomat is very easy and intuitive. First go to the tab “Buy” and “Sell” (step 1) and then select the “Buy” section (step 2). Here you can select the cryptocurrencies you want to buy.

Afterwards you can choose between four different payment methods (step 3). While you have to add a bank account to deposit via “Eur”, i.e. SEPA bank transfer, the other three options (credit card, Neteller, Skrill) allow you to make an immediate purchase without having to enter any further data.

kriptomat buy crypto

In the fourth step of the screenshot you only have to enter the amount you want to buy. After clicking on “Buy Bitcoin” you will see the transaction fees for the order. To complete the purchase, you must click “Confirm transaction” or you can cancel the transaction by clicking “Cancel transaction”.

Kriptomat will then confirm the purchase and redirect you to your “My Wallet” section. Within a few seconds, or after a few minutes if the system is heavily loaded, your purchase amount will be displayed here.

>> Buy cryptocurrencies on Kriptomat now <<

How can I sell cryptocurrencies on Kriptomat?

The menu item for selling cryptocurrencies can be found under the same tab (“buy/sell”) and is very similar to the buying process. Under “Sell” you select the desired cryptocurrency and enter the amount you want to sell. Then click on “Sell Bitcoin”, whereby the sale will only become binding once you click on “Confirm transaction” in the next step.

kriptomat sell crypto

You will then be redirected to the wallet subpage where your balance is now displayed in Euros. If you wish to withdraw the Euros to your bank account, a separate step is required. Inside the wallet, click on “Euro” and then “Payout”, which will allow you to make a payment to the bank account linked to your Kriptomat.

The Kriptomat wallet

For all cryptocurrencies you can buy on Kriptomat, the exchange also offers a digital wallet, which is integrated in your customer account. So you are not forced to set up a digital, external wallet, instead you can use your Kriptomat account. However, you have the possibility to do so. Especially for security reasons (“be your own bank”) this can be highly recommended.

To send cryptocurrencies to an external wallet, first go to the “My Wallets” section. There you will find a long list of all cryptocurrencies for which a wallet is offered. Simply select the cryptocurrency (e.g. Bitcoin) you want to send and click on it. This will open an section where you will see the “Receive” and “Send” buttons. For example, if you want to send Bitcoin to an external wallet, click “Send”.

kriptomat wallet test

In the dialog box that now opens, you can enter the quantity and your Bitcoin receiving address. The “Miner Fee”, i.e. the fee for the transaction within the blockchain, is also displayed.

Kriptomat review

Security and integrity

Especially in the financial sector it is essential to have a reliable and secure partner. Licensing is a strong indication of the legitimacy of an exchange. Kriptomat has received two licenses from the Estonian government, one license as a provider of virtual currency exchange against fiat currencies and one license as a wallet provider.

Kriptomat also strives for full compliance and transparency, especially when it comes to the detection and monitoring of financial crime. For example, the exchange has taken measures to protect Kriptomat from involvement in money laundering or terrorist financing activities (implementation of a KYC procedure (KYC) for each user, a risk assessment for each user who has successfully passed the KYC and, among other things, the detection of suspicious transactions by risk category and risk level).

Another argument in favour of Kriptomat is that the exchange is one of the founding members of INATBA (International Association for Trusted Blockchain Applications), a well-known blockchain organisation that includes the IOTA and Cardano Foundation as well as Algorand.

Fees and payment options

Trading cryptocurrencies is a lucrative business for companies, as they can set the fees and prices themselves. Therefore, before investing, you should check how the prices are in comparison to other exchanges. Therefore, before investing, one should check how the prices are compared to other exchanges. The prices of Kriptomat are in the lower middle range. Another very positive aspect that sets Kriptomat apart from the competitors is that the exchange does not charge a fee on the payout but only a “network fee”.

The support

The Kriptomat team is available on various social media platforms: Telegram, Facebook, Twitter, Reddit, Medium and Instagram. A contact form and a live chat are also available. We ourselves have not yet been able to test the support ourselves, as we have had no problems using the platform so far. However, the ratings on rating portals such as TrustPilot are predominantly very positive.


Kriptomat is a crypto exchange that is primarily aimed at European investors. Ease of use is a top priority for Kriptomat, which is reflected in the user interface. Especially for absolute beginners, Kriptomat is an excellent recommendation. However, also experienced crypto investors will appreciate the simplicity of the exchange.

>> Buy cryptocurrencies on Kriptomat now <<

Kriptomat alternatives

If you are looking for another exchange where you can buy cryptocurrencies like Bitcoin directly against US dollars or Euros, we recommend the following exchanges and brokers:

Litebit is one of our top recommendations for you. The exchange offers 50 different cryptocurrencies for direct purchase by credit card, SEPA, SOFORT and much more. The customer support is really fantastic and always available. We have been a regular customer of the exchange for 5 years and are very satisfied. >> Read the review of Litebit <<

Coinmerce offers over 100 different cryptocurrencies for purchase by credit card. The customer support is really good and always available. We have been a regular customer of the exchange for 2 years now. >> Read the review of Coinmerce <<

eToro is a very well known crypto CFD broker, offering both the purchase of “real” cryptocurrencies by credit card, and the trading of cryptocurrency CFDs. You can use up to a twofold leverage. >> Read the review of eToro << 

Coinmama is a UK-based exchange that supports the purchase of cryptocurrencies by credit card and PayPal. You can also pay by bank transfer. On the platform you can also send your purchased cryptocurrencies directly to your external wallet. From our experience, this exchange is also absolutely trustworthy and secure. >> Read the review of Coinmama <<

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About Author

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

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