Frequently Asked Questions
What is Kriptomat?
Kriptomat is an all-in-one cryptocurrency exchange and wallet located in the EU. Our user-friendly platform enables you to safely buy and sell digital currencies in your local language and with local support.
What is Blockchain?
The blockchain is not a cryptocurrency and and it is not a word for bitcoin. It is the technology that Bitcoin and other cryptocurrencies use to maintain transparency, security, and efficiency. A digital currency is not a cryptocurrency if it isn’t on the blockchain. Blockchains do not need to be attached to cryptocurrencies, in fact, they can manage many forms of assets such as gaming items, reward points, and electoral votes.
Nowadays most databases are stored on centralized servers that are controlled by a single entity, whereas a blockchain is database that is managed by a large number of computers that are perpetually synchronized with each other while being controlled by completely separate entities. This level of decentralization ensures no single party can make autonomous decisions that impact the greater community’s sovereignty.
What is Cryptocurrency?
Cryptocurrencies are an advanced form of digital currency that is regulated and governed by an algorithm on the blockchain. They have similar properties to physical money (banknotes and coins), but they also enable the immediate transfer of funds anywhere in the world.
The inherent decentralization of cryptocurrencies means that your funds can not be frozen, seized, or devalued by hyper-inflation, offering a new level of person sovereignty within the global digital economy.
What is Bitcoin?
Bitcoin is the world’s first cryptocurrency, created in 2009 by an anonymous person or organization under the pseudonym of Satoshi Nakamoto. Bitcoin utilizes blockchain technology to enable fast worldwide payments without the need to trust or rely on companies, banks, and issuers.
Does Kriptomat have a referral program?
Yes, we do! Recommend our simple, safe, and secure platform to your friends and you will receive a 25% revenue share for a whole year from each friend you refer. Find out more!
Is Bitcoin a secure investment?
Kriptomat is not an investment consulting service, and as such, we cannot advise on investment options. You can look at real-time values of cryptocurrencies on our website.
Is Bitcoin legal?
Which Cryptocurrencies should i invest in?
Where can i exchange Euro for Bitcoin?
Bitcoin can also be purchased through machines (ATMs) at various locations.
Will Cryptocurrencies survive in the future?
How does Kriptomat work?
Which Cryptocurrencies can i buy?
Do you sell Bitcoin?
Can i exchange my Cryptocurrency for Euro with Kriptomat?
Do i need a private Wallet?
How to get Started on Kriptomat?
Is Kriptomat Safe to use?
However, we cannot guarantee the safety of cryptocurrencies being stored on the users’ own computers, so it is of the utmost importance that each user takes proper care and appropriately secures his or her private wallet.