Richamster: security, fees and reviews

Centralized exchange

In short

Status: Richamster's site is live (read on 5 November 2026). The site does not name the company that operates it, a registered address or any licence or registration with a regulator; its user agreement refers only to 'the Platform'.
Fees: Spot maker: 0.25% for new accounts on any trade (as of 31 October 2026); can be cut to 0% by buying trading statuses with KUB.
Risks and caveats: No operating company or licence is disclosed, so there is no identifiable regulated entity behind customer balances.
Checked: 5 November 2026

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Key facts

Type: Centralized exchange
Status: Richamster's site is live (read on 5 November 2026). The site does not name the company that operates it, a registered address or any licence or registration with a regulator; its user agreement refers only to 'the Platform'.
Official site: richamster.com

Key facts checked on 5 November 2026 against official sources.

What is Richamster

Richamster is a Ukrainian centralised crypto exchange that describes itself as founded by a community of crypto enthusiasts. It offers spot trading in pairs with USDT, USDC and the Ukrainian hryvnia (UAH), its own KUB token and tokenised exchange shares (RCH). The site does not name the legal entity that operates it.

Good to know

No operating company, address or licence is named on the website, user agreement or privacy policy; contact is by email, Telegram and social media only. ↗
The user agreement says the platform is never a party to the trades between users; it only posts and matches users' orders ("announcements"). ↗
Users bear the risk of losing deposited funds if law enforcement seizes the platform's servers or authorities block it. ↗
Withdrawals are held for 72 hours after the first deposit of any currency. ↗
Using multiple accounts to get around withdrawal limits can lead to confiscation of funds in favour of the Armed Forces of Ukraine and a permanent ban. ↗
After 36 months without logging in, the exchange may charge a monthly inactivity fee; accounts with a zero balance may be deleted. ↗
RCH tokens represent shares in the exchange (400,000 issued) and can be converted into dividend shares paid from commission revenue. ↗

Services

Services — Richamster
Parameter	Details
Spot trading	Order-book trading; pairs shown include BTC/USDC, BTC/USDT, XAUT/USDT, DOT/USDT and LTC/USDT, plus hryvnia pairs such as BTC/UAH.
Own token	KUB, created in 2019 on the Waves blockchain (maximum 500,000), used to buy trading statuses, tournament tickets and listing votes.
Own token	RCH tokenised shares give holders voting influence and can be converted into dividend shares.
Custody / wallet	Custodial balances; withdrawals need a PIN code sent at registration in addition to the password.

Security and audits

Withdrawals require a separate PIN code; two-factor authentication is available.
The exchange states that no user has lost assets through an account hack (company claim).
A 72-hour withdrawal hold applies after the first deposit of each currency.

Security incidents

No security incident is recorded in the incident databases checked on 31 October 2026 (the company’s own channels are not among the sources checked): defillama.com/hacks, hacked.slowmist.io/search, rekt.news/leaderboard

Fees

Fees — Richamster
Parameter	Details
Spot maker	0.25% for new accounts on any trade (as of 31 October 2026); can be cut to 0% by buying trading statuses with KUB.
Spot taker	0.25% for new accounts on any trade (as of 31 October 2026); 25 trading-status levels reduce it to 0%.
Deposits	Crypto deposits listed at 0 (as of 31 October 2026).
Withdrawals	Fixed per coin (as of 31 October 2026), e.g. BTC 0.048, ETH 0.08, LTC 0.003, DOGE 15, ADA 41.

Who can use it

Verification: Registration needs only a nickname, email and password; identity checks apply when required by the platform or payment partners, and full verification (including a video with the ID document) is required if an account is blocked by the anti-money-laundering system.
The service is not provided to minors. No list of restricted countries is published.

History

History — Richamster
Date	Event
3 September 2018	Richamster lists its appearance at the Kyiv Blockchain Forum 2018 among its earliest public events.
2019	The KUB exchange token was created on the Waves blockchain.
October 2021	The exchange took part in the online SYNOPSIS Edition 3 conference.

Risks and caveats

No operating company or licence is disclosed, so there is no identifiable regulated entity behind customer balances.
The terms place the risk of losing funds on users if servers are seized or the platform is blocked by authorities.
Funds on multiple accounts used to get around limits may be confiscated.

About the company

Headquarters: Describes itself as a Ukrainian exchange; no registered address is published.
Own token: KUB (Waves) and RCH tokenised shares.

Official links

Website: richamster.com
Fees: richamster.com/rates?id=1
Terms of use: richamster.com/conditions?id=6
Security: richamster.com/securitypolicy?id=7

Questions and answers

Is Richamster regulated?

Richamster does not name an operating company or any licence or registration on its website or in its user agreement.

Does Richamster publish proof of reserves?

No proof-of-reserves report is published on its website.

What are Richamster's fees?

New accounts pay 0.25% per trade, which can be reduced to 0% with KUB-paid trading statuses; crypto deposits are free and withdrawals carry a fixed fee per coin (as of 31 October 2026).

Who owns Richamster?

The exchange says it was founded by a community of crypto enthusiasts and issues RCH tokenised shares; no legal owner is named.

Sources

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Page updated: 2026-11-05