Cryptomate is a unique platform where vendors connect with buyers for buying and selling of cryptocurrency. William Thomas founded this company in 2014. He believes that a decentralized system with the peer-to-peer transfer is the future of currency.
Cryptomate is a platform for crypto exchange where it’s bridging the gap between GBP and Crypto exchanges present in the UK. The platform is limited to users with British bank accounts and sign up is not necessary to place an order.
Features of Cryptomate
Cryptomate allows the exchange of many cryptocurrencies such as Bitcoin, Litecoin, Ripple, and Ethereum etc. If a user places an order for any of the currencies, it is usually delivered within an hour.
Verification of a user plays a major role though. This has now been increased to £200 and is per order. If the user wants to buy more crypto then he needs to submit ID proof. For a verified user, the crypto purchase is allowed up to 1000 pounds/order and verified users can create OTC orders for purchases above £2,500 also.
The mode of payment for the purchase of cryptocurrency is possible only through online banking transfer. For user convenience, cryptomate shows an online sign on its website thus making the transactions easier.
Cryptomate works on the concept of Peer-to-peer trusted vendor system (P2P) i.e. it connects vendors and buyers on a single platform. For security, it uses 256 bit SSL for point-to-point encrypted communication. The information of all cryptomate users is present in a secure database. Thus, Cryptomate is fast, easy and secure. Vendors can apply by emailing its support staff.
Cryptomate has all major currencies listed on its platform but not all. Thus, if a user cannot find the preferred currency on the list, a suggestion can be posted to their support team. There is also an option of live support chat. A user can ask for a solution to any query regarding buying and selling of currency.
How to create a cryptomate account?
For a new account, a user can log on to www.cryptomate.co.uk. Click on “Login” tab, the page to direct it to a new login window. Click on Register here. Enter all the details i.e. email ID, password, first name and last name. A verification link goes to the email ID registered with cryptomate. Click on the link to activate your account.
A new “My Account” window opens after user login. The user can verify its account by uploading a proof of residency and proof of address. A verified account shall give the privilege of transaction limits per order.
Buying Cryptocurrency on Cryptomate
Click on “Coins” tab to see the list of cryptocurrencies listed. The current pricing of all the crypto is available thus, it also updates a user about different currencies and their market value. The User can click on the buy now. To get a live quote on the currency, the user can fill a short form.
The form does not require a registered email just one that customer has access to. A live chart is also present on the platform. It would help a user analyze the market before making any investments. The API of cryptomate is easy and helps a user in knowing the 24-hour volume of GBP.
Cryptomate has real time updates on currency values. There are live chats and charts that act as significant tools for analyzing a crypto market before making any investments. Thus, Cryptomate is surely a gateway for the cryptocurrency. It has opened opportunities for both vendors and crypto enthusiast.
The platform encourages only British citizens, which may be a limitation in some way or the other. The limit set on buying currency on the basis of verification makes this platform authentic. Only genuine buyers would be adding to the crypto community thus making transactions secure.