Kriptomat is making sure to protect its users against possible fraud and that is why you can buy digital currencies with a credit or debit card only if your card supports the 3D Secure protocol.
Users of popular "challenger banks” Revolut and N26 can not use their debit cards as they, unfortunately, do not support 3D Secure.
How can you still benefit from being a Revolut or N26 user?
Although you can not use the card, you can still benefit from having an account with alternative banking solutions. Using them, you have been provided with an IBAN account you can use for bank transfers within SEPA zone countries (Austria, Germany, Netherlands, Belgium, Greece, Poland, Bulgaria, Hungary, Portugal, Cyprus, Ireland, Romania, Czechia, Italy, Slovak Republic, Denmark, Latvia, Slovenia, Estonia, Lithuania, Spain, Finland, Luxembourg, Sweden, France, Malta, United Kingdom and Croatia, Iceland , Monaco , Switzerland , Liechtenstein , Norway, San Marino).
The benefit of using your Revolut or N26 IBAN are:
- faster transfers - alternative banks usually make their transfers much faster than traditional banks, so your might see available EUR balance much faster than usual.
- lower fees for EUR purchase - buying cryptocurrencies using your Kriptomat EUR balance comes with smaller fee of 1,45% or 1,45€ for amounts smaller than 100,00€. Fee for credit card purchases is 5,1% for amounts higher than 100,00€
- higher limits - the limit for purchases with Credit Cards is 500,00€ daily, while the limit for EUR purchases is 25.000,00€ per day.