Bitvavo review: Bitvavo is a cryptocurrency exchange that provides a platform for buying, selling, and trading digital assets. Based in the Netherlands, Bitvavo was founded in 2017 and has gained popularity among European users for its user-friendly interface and extensive selection of cryptocurrencies.
One of the key advantages of Bitvavo is its wide range of supported cryptocurrencies. The exchange offers over 50 different cryptocurrencies, including major coins like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as well as a variety of altcoins and tokens. This diverse selection allows users to access and trade a broad range of digital assets.
Security is a top priority for Bitvavo. The exchange implements robust security measures, including two-factor authentication (2FA) and cold storage for storing user funds. By storing the majority of user assets offline, Bitvavo aims to protect against potential hacking attempts and unauthorized access.
| 📅 Year of Establishment | 2017 |
| 💱 Coins: | 190+ |
| 💰 Min deposit | From $1 |
| ⚖️ Leverage | 1:1 |
| 💹 Trading fees | From 0.04% |
| 💳 P2P platform | ✅ |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | Amsterdam, Netherlands. |
Overall Bitvavo Review
Overall, Bitvavo offers a user-friendly and secure platform for trading a wide range of cryptocurrencies. With its intuitive interface, extensive coin selection, and regulatory compliance, Bitvavo has become a popular choice for European cryptocurrency traders and investors.
Go to Bitvavo website
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Geographic Distribution
Geography of clients (traders) of Bitvavo
Top Reviews
Best customer reviews of Bitvavo
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Bitvavo has impressed me with its wide range of supported cryptocurrencies. With more than 50 digital assets, I have the opportunity to diversify my portfolio and explore different investment opportunities. The user interface is intuitive, making it easy for me to navigate and make transactions. Bitvavo's security measures, such as two-factor authentication and cold storage, give me confidence that my funds are secure. Overall, Bitvavo is a reliable and convenient platform for trading cryptocurrencies.
Netherlands
Bitvavo offers a decent selection of cryptocurrencies and a user-friendly interface. While it meets the basic requirements for a cryptocurrency exchange, I found the customer support to be somewhat lacking. Response times were slow, and it took a while to get help for my requests. Better customer support would have greatly improved the overall experience with the platform. However, if you are a self-sufficient trader who does not need extensive support, Bitvavo can serve as a functional exchange for your cryptocurrency needs.
Belgium
Unfortunately, the platform is not available in my region, which prevented me from taking advantage of its services. This inaccessibility is a significant drawback because it limits my ability to trade and invest in cryptocurrencies. I hope Bitvavo will expand its reach to a wider audience, as it has the potential to become a competitive exchange with its user-friendly interface and security measures.
Germany
Expert Review
Expert Review of Bitvavo
Bitvavo has established itself as a reputable and reliable cryptocurrency exchange. One of its key strengths is its strict security measures, which are crucial in the cryptocurrency space. The exchange uses two-factor authentication (2FA) and uses cold storage for most user funds, protecting them from potential security breaches.
Another noteworthy aspect is Bitvavo's commitment to regulatory compliance. The exchange is a registered cryptocurrency service provider with the Dutch Central Bank (DNB), demonstrating its commitment to complying with legal and regulatory standards. This adds an additional level of trust and accountability for users.
The platform's user-friendly interface increases its reliability. The clean and intuitive interface allows for easy navigation and seamless transactions. The user-oriented design makes Bitvavo accessible to both experienced traders and newcomers to the cryptocurrency market.
Overall, based on my assessment as a financial expert, Bitvavo can be considered a reliable cryptocurrency exchange. Its robust security measures, regulatory compliance, user-friendly interface and wide range of supported cryptocurrencies make it a reliable platform for those who want to trade and invest in digital assets.
Financial expert and analyst at TradersHero.com
Risk Warning. Trading cryptocurrencies on Bitvavo, like any other form of financial trading, carries inherent risks. It is important to understand these risks before engaging in trading activities. Cryptocurrency markets are highly volatile, with prices capable of experiencing significant fluctuations in short periods.
Bitvavo Ern
Investment Programs
On Bitvavo, there are a few ways you can potentially earn money:
Stacking is the process of holding and locking a particular cryptocurrency on a platform or wallet to support the operation of a blockchain network and receive rewards.
Remember that the specific staking features and processes on Bitvavo may vary, and it's important to refer to the official Bitvavo website or contact their customer support for detailed instructions and information about available staking programs.
Disclaimer: The information presented in this guide is intended for informational purposes only and should not be construed as financial advice. Staking involves inherent risks, including the potential loss of staked assets. It is crucial to conduct thorough research, evaluate the risks involved, and seek guidance from a qualified financial professional before engaging in staking activities. The decision to participate in staking should be based on your own assessment of the project, its fundamentals, and your individual risk tolerance.
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Conditions
Trading Conditions for Bitvavo Users
Bitvavo offers a wide range of trading conditions for its users. The platform supports a diverse selection of cryptocurrencies and tokens, allowing users to trade popular assets like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as numerous altcoins and tokens. This extensive offering provides users with various options to diversify their portfolios and access different investment opportunities.
The company provides its own trading platform accessible through a web-based interface. The platform is designed to be user-friendly, offering features such as market orders, limit orders, and real-time tracking of trading activity. The intuitive interface makes it easy for both beginner and experienced traders to navigate and execute trades effectively.
Fees on Bitvavo are transparent and competitive. The exchange charges a percentage-based fee for each transaction, with the exact fee percentage depending on the trading volume and specific cryptocurrency being traded. Bitvavo's fee structure aims to provide a fair and affordable trading experience for users.
To comply with regulatory requirements, Bitvavo requires users to complete a verification process. Different verification levels are available, with basic and advanced options. Higher verification levels may unlock additional features and higher transaction limits, providing users with greater flexibility and access to advanced trading functionalities.
Depositing and withdrawing funds on Bitvavo is made convenient through various methods. Users can choose from options like bank transfers (SEPA), payment processors, and cryptocurrencies to deposit funds into their Bitvavo accounts. When it comes to withdrawing funds, users have multiple channels available to suit their preferences and needs.
| 📅 Year of Establishment | 2017 |
| 💱 Coins: | 190+ |
| 💰 Min deposit | From $1 |
| ⚖️ Leverage | 1:1 |
| 💹 Trading fees | From 0.04% |
| 💳 P2P platform | ❌ |
| 🔁 Copy Trading | ❌ |
| 📈 Directives | ❌ |
| 📊 DeFi Staking | ❌ |
| 🖼️ NFT | ❌ |
| 🏦 Crypto Loans | ❌ |
| 🔓 Demo account | ✅ |
| 🚀 Launchpad | ❌ |
| 📱 Mobile apps | iOS, Android |
| 📞 Customer Service | Forums, Chat, Email |
| 👩💼 Support | Multilingual |
| 🗺️ Headquarters | Amsterdam, Netherlands. |
Risk Warning
Comparison
Comparison of Bitvavo with other Crypto Exchanges
Crypto Exchanges comparison table of trading instruments
Commissions
Bitvavo Accounts, Commissions & Fees
Bitvavo offers different types of accounts, each with its own features and requirements. Here are some details about Bitvavo accounts, commissions, and fees:
Account Types: Bitvavo provides two main account types: Basic and Verified. The Basic account allows for limited trading and lower deposit/withdrawal limits, while the Verified account offers higher limits and additional features such as fiat deposits and withdrawals.
Commissions: Bitvavo employs a tiered fee structure based on trading volume. The fees are calculated as a percentage of the transaction value. As the trading volume increases, the fee percentage decreases, providing potential cost savings for higher-volume traders.
Deposit and Withdrawal Fees: Bitvavo charges fees for certain deposit and withdrawal methods. The fees can vary depending on the payment method and currency used. It's advisable to check the specific fees associated with your chosen payment method on the Bitvavo platform.
Trading Fees: Bitvavo's trading fees vary depending on the trading pair and the account type. The fees are typically expressed as a percentage of the transaction value and are competitive compared to other cryptocurrency exchanges.
Inactivity Fee: Bitvavo charge an inactivity fee for accounts that have been inactive for a certain period. This fee is intended to encourage active use of the platform and to cover administrative costs.
Fiat Conversion Fees: When converting between different fiat currencies on Bitvavo, a conversion fee may apply. The fee percentage depends on the specific currency pair and is typically lower for higher trading volumes.
It's important to note that fees and commissions are subject to change, and it's advisable to visit Bitvavo's official website or refer to their fee schedule for the most up-to-date and accurate information.
When you use Bitvavo Token (BV) to pay trading commissions on Bitvavo, you can get discounts on your total trading costs. This can help reduce your commission costs and increase your trading efficiency.
Trading Fees
| VOLUME (30D) | TAKER FEE | MAKER FEE |
|---|---|---|
| €0 + | 0.25% | 0.15% |
| €100,000 + | 0.20% | 0.10% |
| €250,000 + | 0.16% | 0.08% |
| €500,000 + | 0.12% | 0.06% |
| €1,000,000 + | 0.10% | 0.05% |
| €2,500,000 + | 0.08% | 0.04% |
| €5,000,000 + | 0.06% | 0.04% |
| €10,000,000 + | 0.05% | 0.03% |
| €25,000,000 + | 0.04% | 0.03% |
Deposit Fees
| PAYMENT METHOD | ABSOLUTE FEES | RELATIVE FEES | MAX. AMOUNT |
|---|---|---|---|
| Bancontact | € 0.00 | 0.00% | € 10,000 |
| EPS Überweisung | € 0.00 | 1.75% | € 1,000 |
| Giropay | € 0.00 | 1.75% | € 1,000 |
| iDeal | € 0.00 | 0.00% | € 10,000 |
| PayPal | € 0.00 | 2.00% | € 10,000 |
| SEPA Bank transfer | € 0.00 | 0.00% | – |
| SEPA Instant transfer | € 0.00 | 0.00% | € 15,000 |
| Sofort | € 0.00 | 2.25% | € 1,000 |
Risk Warning
Final review
Detailed review of Bitvavo
Bitvavo is a cryptocurrency exchange based in the Netherlands that has gained popularity as a user-friendly platform catering to both beginner and experienced traders. Launched in 2017, Bitvavo offers a wide range of cryptocurrencies, including popular coins like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and more. This diverse selection allows users to access various trading options and investment opportunities.
The platform provides a seamless trading experience with its clean and intuitive interface, making it easy for users of all levels of expertise to navigate. Bitvavo also offers a fiat-to-crypto gateway, enabling users to deposit and withdraw funds in fiat currencies such as the Euro (EUR). This feature simplifies the process of buying and selling cryptocurrencies with traditional currencies.
One of the key advantages of Bitvavo is its competitive fee structure. It implements a tiered fee system, where fees decrease as the trading volume increases. This makes it cost-effective for both small and large traders, encouraging active participation on the platform.
The company boasts high liquidity, ensuring that users can execute trades quickly and efficiently. This is particularly beneficial for traders who require fast order execution and minimal slippage.
The exchange supports multiple payment methods, including bank transfers (SEPA), iDEAL, Bancontact, and credit card payments. This provides users with flexibility and convenience in funding their accounts.
The company also offers responsive customer support through various channels, including email and online chat. Their support team is known for being helpful and prompt in addressing user inquiries and issues.
As a regulated exchange, Bitvavo complies with relevant regulatory requirements in the jurisdictions it operates. This adds an extra layer of trust and confidence for users.
In summary, Bitvavo is a reputable cryptocurrency exchange that provides a user-friendly platform, a wide range of cryptocurrencies, competitive fees, strong security measures, and convenient payment options. Its commitment to regulatory compliance and responsive customer support further enhance its appeal as a reliable cryptocurrency exchange option.
Advantages:
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Bitvavo Regulator
The company is a regulated cryptocurrency exchange that operates in compliance with relevant regulatory requirements. While the specific regulations may vary depending on the jurisdiction, Bitvavo is committed to maintaining a compliant and transparent platform.
In the Netherlands, where Bitvavo is based, the exchange is registered with the Dutch Central Bank (De Nederlandsche Bank) as a provider of cryptocurrency services. This registration ensures that Bitvavo adheres to the necessary regulatory standards and follows the guidelines set forth by the financial authorities.
As a regulated exchange, Bitvavo implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. These measures help to prevent fraud, money laundering, and other illicit activities on the platform. Users are required to complete the verification process, which involves providing identification documents and verifying their identity.
By complying with regulatory requirements, Bitvavo aims to create a secure and trustworthy trading environment for its users. This includes implementing security protocols to safeguard user funds, ensuring the protection of personal data, and adhering to best practices in terms of customer privacy and data protection.
It's important to note that regulations may vary across different countries, and users should familiarize themselves with the specific regulations and legal requirements in their jurisdiction. Additionally, it's always advisable to conduct thorough research and exercise due diligence when engaging in cryptocurrency trading or investments.
As regulations continue to evolve, Bitvavo remains committed to maintaining compliance with the regulatory frameworks applicable to its operations, providing users with a regulated and reliable platform to trade cryptocurrencies.
Risk Warning
Promotions
Bonuses Paid by the Bitvavo
Bonuses
Bitvavo offers various bonuses and promotions to incentivize and reward its users. These bonuses may vary over time, and it's important to refer to Bitvavo's official website or promotional announcements for the most up-to-date information. Here are some types of bonuses that Bitvavo has offered in the past:
It's important to note that bonuses and promotions may have certain terms and conditions attached to them, such as minimum trading volumes or time-limited offers. Users should review the specific terms and requirements associated with each bonus to ensure they meet the eligibility criteria.
As bonuses and promotions may change over time, it's recommended to visit Bitvavo's official website or refer to their promotional announcements for the most up-to-date information on available bonuses and how to participate.
Education
Review of the Bitvavo Education Program
Bitvavo offers an education program aimed at providing users with valuable resources and knowledge about cryptocurrency trading and blockchain technology. The education program includes a range of educational materials and resources to help users enhance their understanding of the crypto market. Here is a review of the Bitvavo Education Program:
Online Courses:
Each course is typically delivered through a combination of video lectures, reading materials, and interactive quizzes. Participants can progress at their own pace and access the course content at any time, providing flexibility and convenience.
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Rating and Comments
Bitvavo Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
There were delays in processing my withdrawals, and customer service was slow in resolving my issues.
I have occasionally had problems with order execution on Bitvavo, with my trades taking longer than expected to process. This can be frustrating, especially in volatile markets.
The verification process on Bitvavo was easy and quick. However, the response time of the platform’s support team could be improved, especially during peak trading periods.
Bitvavo provides a secure and reliable platform for cryptocurrency trading. Their multi-factor authentication and cold storage of funds add an extra layer of security. However, the platform could benefit from additional trading tools and expanded order types.