Kriptomat Exchange Review

Conor Maloney

November 15, 2018

Cryptocurrency was invented to break the monopoly financial institutions have on people’s personal finances and on the concept and distribution of money in general. Now instead of a handful of fiat currencies and banks there are thousands of cryptocurrencies and hundreds of exchanges.

It’s a huge leap forward to have that kind of individual choice, but that can become overwhelming too, and it can be hard to know which crypto services to go for. Today we’re going to be reviewing Kriptomat cryptocurrency exchange and examining the different features available to customers.

Kriptomat – Crypto to Fiat

Kriptomat is a crypto-trading and e-wallet service officially licensed to operate within the EU. The exchange now offers 17 crypto-to-fiat pairs, a welcome feature for those who don’t wish to go through Bitcoin as a “middleman” currency in order to trade cryptocurrencies.

With service and support in over 20 languages, the exchange is suitable for users from all over Europe.

The cryptocurrencies currently on offer are Bitcoin, Ethereum, Litecoin, Augur, Gnosis, 0x, OmiseGO, Enjin, Status, SunContract, Metal, Civic, Request Network, FunFair, PropyDash, Litecoin and Loopring. These currencies can all be traded against the Euro and the exchange is open to all 508 million inhabitants of the EU.

Wholesale Prices

The exchange offers wholesale Bitcoin prices. While fees can stray higher than on trading platforms, the price of Bitcoin is actually lower on Kriptomat on average when compared other exchanges. Kriptomat offers a 25% revenue sharing program for users and affiliates with a very user-friendly interface and purchasing system that is geared towards entry-level users as well as advanced traders.

The exchange makes a point of offering the features of an advanced trading platform without locking out new users with a beginner’s understanding, based on the ethos that cryptocurrency trading needs to be more accessible for new users in order to drive adoption and facilitate fresh growth in the space. To that end, the exchange has published a step-by-step guide to purchasing crypto for first-time users.

The Team

The founder is digital marketing and sales professional Srdjan Mahmutovich who previously built a successful B2B digital marketing agency with 40 employees and coworkers. Mahmutovich also developed Platformax, an inside sales platform for sales teams which is now operating in 16 different countries.

Also of Platformax is Chief Business Development Officer Dejan Davidovic, a Business enthusiast with a passion for modern technology with more than 15 years experience in business development and marketing as entrepreneur and consultant.

The Chief Legal Officer is Mina Kržišnik, LL.M, a digital lawyer and founder of digital law firm IURICORN. With a Masters in Law and years of experience in the field, Kržišnik ties off a strong founders team with ten other staff members also working on the exchange in various roles.

The exchange is operational and continuing to meet growth targets, recently adding Litecoin in a LTC/EUR pair. It’s also rolling out new developments and keeping users updated through the blog which published an article recently about the early-stage mobile app already available through Google Play Store. The community can be reached on Telegram, Twitter, Facebook, Reddit, and the Kriptomat website.

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