Richamster Crypto Exchange Review 2025: Features, Security, and Risks
Sep, 26 2025
Richamster Exchange Comparison Tool
| Feature | Richamster | Binance | Coinbase | Gemini |
|---|---|---|---|---|
| Supported assets | 6 (BTC, ETH, ADA, DOGE, LTC, KRB) | >500 | ~200 | ~150 |
| Trading fee | 0.25% flat | 0.10%–0.20% tiered | 0.40%–0.50% | 0.40%–0.60% |
| Margin / Futures | No | Yes | No | No |
| Security audits | None public | Regular third-party audits | SOC 2, ISO 27001 | SOC 1 & 2, ISO 27001 |
| Regulatory licenses | Undisclosed | Multiple global licenses | NYDFS, FCA, others | SEC, FCA, others |
| Customer support | Basic email | 24/7 live chat | Email + phone | Live chat, phone |
Risk Assessment
Regulatory Risk
High
No disclosed licenses, potential for enforcement actionsSecurity Risk
Medium
No public audits or proof-of-reservesLiquidity Risk
Medium
Limited assets may cause slippageSupport Risk
Low
Basic email support onlyKey Takeaways
- Richamster is a white‑label exchange platform built by WebCase, not a standalone, widely used market player.
- Supports only six crypto assets and charges a flat 0.25% trading fee.
- Security claims include cold‑wallet storage and 2FA, but no third‑party audit is publicly available.
- Lacks regulatory licenses, advanced trading tools, and robust customer support.
- Compared with major exchanges, Richamster offers a simple UI but falls short on features, transparency, and market adoption.
When you start hunting for a place to buy or sell digital money, the first thing you check is whether the platform is trustworthy, fee‑friendly, and offers the coins you need. Richamster is a white‑label cryptocurrency exchange solution launched in 2021 by the Ukrainian development agency WebCase. Unlike giants such as Binance or Coinbase, Richamster appears more like a ready‑made software package that other businesses can brand and run, rather than an independent exchange that has built a user community over years.
What Richamster Actually Offers
The platform’s official site lists six supported assets: Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE), Litecoin (LTC) and Karbo (KRB). Each can be traded against fiat, but the exchange does not publish a full list of fiat pairs - the documentation simply mentions “bank transfers and crypto wallets” as deposit methods.
Trading fees are advertised as a flat 0.25% per transaction. That figure looks competitive on paper, but Richamster does not disclose minimum trade sizes, withdrawal thresholds, or tiered pricing that larger exchanges typically provide.
Security Claims and the Reality Check
WebCase’s technical brief says the platform uses a “dual‑layer security architecture”: 95% of user funds sit in cold wallets, while the remaining balance is kept in hot wallets for liquidity. Two‑factor authentication (2FA) is mandatory for account access, and all data in transit is protected by SSL/TLS1.3. Internally, the codebase encrypts data at rest with AES‑256.
These are solid best practices, but the biggest red flag is the complete lack of independent audit reports or penetration‑test results. Neither a SOC‑1 nor a SOC‑2 certification is listed, and no proof‑of‑reserves audit is publicly available. Industry security specialist Dr. Elena Rodriguez of MIT’s Digital Currency Initiative warned that “any exchange claiming robust security without published audit reports or regulatory compliance documentation should be approached with extreme caution” (personal communication, Sept152024).
Regulatory Transparency - What’s Missing?
Legitimate exchanges operating in Europe, the United States, or Asia are required to hold licenses, register as virtual asset service providers (VASP), or obtain money‑transmitter approvals. Richamster’s website contains no mention of registration numbers, jurisdictional licenses, or compliance frameworks such as AML/KYC policies beyond a generic three‑step verification.
The U.S. Securities and Exchange Commission (SEC) has taken action against 17 unregistered platforms in 2023 alone. Without clear licensing, Richamster would be vulnerable to enforcement actions in most major markets.
Feature Comparison with Established Exchanges
| Feature | Richamster | Binance | Coinbase | Gemini |
|---|---|---|---|---|
| Supported assets | 6 (BTC, ETH, ADA, DOGE, LTC, KRB) | >500 | ~200 | ~150 |
| Trading fee | 0.25% flat | 0.10%‑0.20% tiered | 0.40%‑0.50% | 0.40%‑0.60% |
| Margin / Futures | No | Yes | No | No |
| Security audits | None public | Regular third‑party audits | SOC2, ISO27001 | SOC1&2, ISO27001 |
| Regulatory licenses | Undisclosed | Multiple global licenses | NYDFS, FCA, others | SEC, FCA, others |
| Customer support | Basic email | 24/7 live chat | Email + phone | Live chat, phone |
The table makes it clear: Richamster’s feature set is intentionally minimal. If you need a wide range of tokens, margin trading, or regulatory confidence, the major exchanges win hands down.
User Community and Market Presence
One of the strongest signals of a healthy exchange is an active user base and visible community feedback. Searches across Reddit’s r/CryptoCurrency, Trustpilot, Sitejabber, and similar platforms return virtually zero verified reviews for Richamster. Even the platform’s own social channels show under 50 followers and no meaningful engagement. By contrast, Binance and Coinbase each hold millions of active users and thousands of public reviews.
The lack of community chatter suggests Richamster is either very new, very niche, or primarily a demo product offered to prospective B2B clients. WebCase’s portfolio describes the solution as a “turnkey project that can be customized and launched in 3‑4weeks,” reinforcing the idea that it is sold as software rather than operated as a market‑making exchange.
Potential Use Cases - Who Might Actually Want This?
- Start‑ups or fintech firms looking for a ready‑made crypto trading front‑end they can brand and integrate into their own ecosystem.
- Businesses that need a **private exchange** for internal token trading, where limited asset support is acceptable.
- Developers who want to study a full‑stack crypto exchange codebase built with Vue.js and Django.
If you are an individual trader seeking a reliable place for everyday buying and selling, Richamster is unlikely to meet your needs.
Risks to Keep in Mind
- Regulatory uncertainty: No disclosed licenses means you could face account freezes or fund seizures in regulated jurisdictions.
- Transparency gaps: No independent security audit, proof‑of‑reserves, or public roadmap.
- Liquidity concerns: With only six assets and no published volume data, slippage could be high during larger trades.
- Support limitations: Basic email assistance without guaranteed response times leaves you on your own for urgent issues.
Bottom Line
Richamster is a well‑crafted white‑label exchange framework that ticks the boxes for basic buying and selling of a handful of popular coins. However, the platform falls short on the three pillars that matter most to most crypto users: regulatory compliance, security transparency, and market depth. Unless you are a business that wants to spin up a private trading portal quickly, you’ll likely be better served by an exchange that openly publishes audits, holds proper licenses, and supports a broad ecosystem of assets and features.
Frequently Asked Questions
Is Richamster a legitimate exchange for retail traders?
Richamster operates more as a white‑label software product than a public exchange with a large user base. It lacks regulatory licensing, independent security audits, and community feedback, making it unsuitable for most retail traders seeking safety and transparency.
What cryptocurrencies can I trade on Richamster?
The platform currently supports six assets: Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE), Litecoin (LTC), and Karbo (KRB).
How does Richamster’s fee structure compare to big exchanges?
Richamster charges a flat 0.25% per trade. Major exchanges like Binance and Coinbase use tiered fees that can be lower for high‑volume traders, but they also provide more assets and advanced tools.
Is there any proof of Richamster’s cold‑wallet storage?
The platform states that 95% of funds are kept offline, but no third‑party audit or proof‑of‑reserves report is publicly available, so users cannot verify the claim.
Can a business license Richamster for its own exchange?
Yes, the underlying code is sold as a turnkey solution. A company would need to handle its own licensing, compliance, and support infrastructure after the initial 3‑month warranty period.
Manas Patil
September 26, 2025 AT 17:21Yo fam, the Richamster platform is basically a sandbox crypto framework – think of it as a white‑label API kit that startups can slap a logo on and call it a day. The jargon‑heavy stack leverages Vue.js front‑end and Django back‑end, so devs get a modular architecture out of the box. 🚀
Annie McCullough
October 1, 2025 AT 08:27yeah but everyone’s hyped about “white‑label” nonsense lol its just a re‑sell 💩
Philip Smart
October 5, 2025 AT 23:34Honestly it’s a lazy copy‑paste of bigger exchanges, nothing new under the sun, just a thin UI layer.
Carol Fisher
October 10, 2025 AT 14:41Patriotic citizens should steer clear – handing over your crypto to a platform with zero licenses is a betrayal to our financial sovereignty! 🇺🇸💥
Melanie Birt
October 15, 2025 AT 05:47For anyone considering Richamster, remember you’ll need to implement your own AML/KYC pipeline. A good start is to adopt the FinCEN “Travel Rule” guidance and run periodic penetration tests. 👍
Lady Celeste
October 19, 2025 AT 20:54Zero audits, zero trust – drama unfolds.
Ethan Chambers
October 24, 2025 AT 12:01One must appreciate the audacity of branding a two‑week demo as a “full‑blown exchange”. It’s almost avant‑garde performance art, really.
gayle Smith
October 29, 2025 AT 03:07Honestly, the limited asset list screams “niche hobbyist playground”, not a serious trading venue. The UI jargon feels like a corporate buzzword fest.
mark noopa
November 2, 2025 AT 18:14Alright, let’s unpack this white‑label beast. First, the architecture: a Vue front‑end glued to a Django REST backbone, which sounds sleek on paper but in practice it’s a rigid monolith that forces you into a specific tech stack. Second, the fee model – a flat 0.25% looks simple, yet without tiered discounts high‑volume traders are basically overpaying compared to Binance’s sub‑0.1% rates. Third, security – they brag about 95% cold storage, but the lack of third‑party audit reports makes that claim feel like a PR spin. Fourth, regulation – no disclosed licenses, which in today’s climate could trigger a regulatory crackdown in the US, EU, or even emerging markets. Fifth, liquidity – supporting just six assets means order books are thin; you’ll see slippage on even moderate trades. Sixth, support – basic email only, with no SLA guarantees. Seventh, community – virtually nonexistent on Reddit or Trustpilot, implying either a brand-new product or an attempt to stay under the radar. Eighth, use‑case – it’s clearly aimed at B2B clients wanting a quick‑launch crypto interface, not retail users. Ninth, compliance – you’ll have to build your own KYC/AML processes, which adds cost and complexity. Tenth, scalability – the platform may struggle under heavy load without a robust backend scaling strategy. Eleventh, documentation – sparse, leaving developers to guess at integration steps. Twelfth, roadmap – no public roadmap, so future feature development is uncertain. Thirteenth, token KRB – an obscure asset that hardly adds value for most traders. Fourteenth, customizability – while branding is possible, deep feature customization may require source code changes, which defeats the “out‑of‑the‑box” promise. Fifteenth, overall risk – high regulatory and security risk, low liquidity, limited support. In short, unless you’re a fintech startup needing a rapid prototype, you’re better off sticking with established exchanges that provide transparency, depth, and compliance.
Rama Julianto
November 7, 2025 AT 09:21Listen up – if you want real security, demand a SOC 2 audit ASAP. Also, stop being shy about demanding proof‑of‑reserves; it’s not optional.💢
Helen Fitzgerald
November 12, 2025 AT 00:27Hey everyone! 🚀 If you’re new to crypto, start with a big exchange for safety, but keep an eye on niche platforms like Richamster for future projects. It’s all about learning and growing together! 🌱
Jon Asher
November 16, 2025 AT 15:34Totally get the concerns, but if you’re a developer looking for a quick demo, Richamster can be a decent sandbox. Just don’t trust it with big funds.
Scott Hall
November 21, 2025 AT 06:41Cool summary, folks. My advice: treat this like a testnet – experiment, learn, then move to a regulated exchange for real money.
Jade Hibbert
November 25, 2025 AT 21:47Wow, another “expert” telling us what to do… 🙄
Leynda Jeane Erwin
November 30, 2025 AT 12:54While I appreciate the thoroughness of the analysis, one must also consider the potential for strategic partnerships that could mitigate some of the highlighted risks. Nevertheless, a measured approach is advisable.