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Kriptomat Review: Is it the Best Crypto Trading Platform for Newbies?

Kriptomat Review: Is it the Best Crypto Trading Platform for Newbies?

Bitstamp, Iconomi, NiceHash, Viberate, and many other high-quality digital currency businesses are all based in Slovenia, where the Kriptomat team hails from. As early digital currency enthusiasts, they recognized the need for a service that would allow complete crypto-newbies(like their friends and family members) to get into the cryptocurrency world quickly and easily.

The Kriptomat cryptocurrency exchange allows you to trade one cryptocurrency for another, in addition to selling and buying cryptocurrencies.

It's possible to use cryptocurrency exchanges to rebalance your investment portfolio or acquire a specific cryptocurrency that you can transfer to an external wallet to conduct a transaction.

At Kriptomat, exchanging cryptocurrency is a breeze. It supports cryptocurrencies including: BTC, ZRX, ADA, BCH, EOS, ETH, ETC, FIL, XMR, XRP & 340+ more.

Kriptomat is a cryptocurrency exchange based in Estonia that was created in 2018. In order to move cryptocurrencies into the mainstream, the firm aims to make it as simple as possible to buy, sell, and store cryptocurrencies.

Kriptomat offers a comprehensive platform for "onboarding" new crypto investors with an easy-to-use interface. In addition to a digital wallet, the exchange gives information on fees and crypto education. Fully licensed in Estonia government, legally compliant, Kriptomat is subject to EU legislation. As an added bonus, the exchange is available in web and smartphone modes. With Kriptomat you can: Buying Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), Dogecoin (DOGE), and so on.

How does Kriptomat compare to other similar products?

User-friendly design is the primary focus of Kriptomat's trading platform, which is accessible even for individuals who have never dealt with a cryptocurrency exchange. There are now 139 coins to choose from. Kriptomat has one of the finest rates in the market when it comes to making crypto to crypto trades.

Kriptomat provides in-depth tutorials on each cryptocurrency token, as well as "How to Buy" video walkthroughs, for individuals who want to learn more about them. Their service is available in more than 20 languages, so you can get up to speed quickly as you enter the digital currency world. Because of the streamlined collection of capabilities, the exchange is still approachable while yet doing the most basic functions. You can earn income on digital asset savings accounts in addition to enabling trades. The website has a ticketing mechanism where customers can get help.

One of the most effective ways to keep your Kriptomat account safe is to use two-step or two-factor authentication. Rather than relying solely on something you know (your password), two-factor authentication goes one step further by requiring both something you have and something you know to be entered (a code is sent to your mobile device via SMS, or a numerical code is generated by the Google Authenticator app).

Two-factor authentication (2FA) is currently supported by Kriptomat:

Kriptomat's standard form of user verification is SMS authentication. Kriptomat exchange will send you an SMS every time you log into your account or conduct a transaction, and you'll be prompted to enter the code in the designated field.

In order to protect your Kriptomat account, you can enable Google's two-factor authentication tool. The Google Authenticator app must be installed on your Android or iOS smartphone in this situation. When you log in or make a purchase, you'll be prompted to enter a code generated by the app.

How To Withdraw Funds From Kriptomat

Transferring money from your Kriptomat account to your bank account is simple with Kriptomat.

To withdraw funds through SEPA wire transfer, you must have a valid Kriptomat account. Once you've validated your identity, your account is valid.

Log in to your account and go to your wallet to begin withdrawing funds. Before you can withdraw your crypto money, you'll need to convert them to euros via Kriptomat's Sell option.

For users whose banks do not enable SEPA wire transfers, Kriptomat presently does not offer a direct withdrawal option. You must withdraw your Kriptomat funds through a crypto ATM or exchange after transferring your coins to an external wallet.

As soon as feasible, Kriptomat plans to offer withdrawals using credit cards, non-SEPA banks, and other methods.