Table of contents
- About Bitvavo
- Bitvavo review
- Trading costs
- Platform security
- Token availability
- Platform liquidity
The Amsterdam located, Dutch cryptocurrency exchange Bitvavo was founded in 2018. Currently offering as many as 203 different coins, Bitvavo is a very complete platform and therefore by far the largest and best known from the Netherlands.
Bitvavo represents the following core value:
- Visionary view in digital currency
In addition to their core values, Bitvavo differentiates itself from the competition, with these focus areas:
- Trading fees - The transparent and low trading fees (between 0.03% and 0.25%)
- Security - Account guarantee with compensation up to €100,000
- Compliance - Bitvavo is registered with De Nederlandsche Bank
With millions of users worldwide and an average rating of 8.4, we can say that Bitvavo is one of the better exchanges right now.
Accessibility is one of the focus areas at Bitvavo. For that reason, for example, you can trade easily through the user-friendly Bitvavo App, which is easily downloadable from the Google Play store and the app store. In addition, the platform is easy to use for starters and also offers advanced solutions for experienced traders.
On of the other focus areas is compliance. As a registered crypto service provider with De Nederlandsche Bank (DNB), Bitvavo is committed to reliability and accessibility for traders of cryptocurrencies. Also, Bitvavo is committed to the security of funds and data and uses advanced security measures such as two-factor authentication (2FA) and cold wallet storage.
Take advantage of additional bonuses through Bitvavo
Not using Bitvavo yet? Then quickly sign up for an account here and take advantage of attractive bonuses and promo codes. Bitvavo also regularly has attractive actions and promotions for its users.
In order to make a good judgment about Bitvavo as a trading platform, the platform was assessed based on four pillars:
- Trading costs
- Platform security
- Tokens Available
- Platform liquidity
Bitvavo Trading Fees
Bitvavo offers trading fees ranging from 0.03% to 0.25%, making the trading fees very competitive in the market. The platform distinguishes between takers fees and makers fees. The takers fee starts at 0.25% and decreases to 0.06%, the higher the volume the lower the fee. The makers fee starts at 0.15% and decreases to 0.04%. Again, the higher the volume the lower the fee.
Bitvavo offers the most common payment methods, below is an overview of the payment methods along with the necessary fees.
Bitvavo currently supports 7 payment methods including SEPA for instant transfers:
Bitvavo values the security of trading and has taken several measures to protect users. The platform uses advanced security protocols, such as two-factor authentication (2FA), to prevent unauthorized access. Additionally, Bitvavo stores most of its cryptocurrencies in offline "cold wallets," making the funds better protected against cyber attacks. As a registered crypto service provider with De Nederlandsche Bank (DNB), Bitvavo complies with relevant regulations and standards, giving additional confidence to traders.
De Nederlandsche Bank
Bitvavo is registered with De Nederlandsche Bank (DNB) and operates with advanced compliance regulations. Thus, Bitvavo is not supervised by De NederlandscheBank (DNB) but must comply with regulations.
Most of the digital currency at Bitvavo is held in cold wallets. These assets are kept offline in secure locations and can only be moved subject to strict protocols.
Does Bitvavo require KYC?
On top of the 2FA, users are expected to complete a mandatory KYC (Know Your Customer) verification which is done by providing a legitimate form of identification. Generally, this is your passport, driving license or another accepted form of photographic ID. This is general practice for centralized exchanges.
Supported Cryptocurrencies on Bitvavo
Buy, sell and trade over different 200 cryptocurrencies including, XRP, Shiba Inu, Worldcoin, Quant and of course Bitcoin and Ethereum. Most cryptocurrencies that are available to buy are in the Top 100, however, you will find others outside of that range. With this offering, Bitvavo is one of the largest crypto exchanges.
One of the most valuable tools on Bitvavo is the advanced chart feature. It allows users to perform technical analysis on various cryptocurrencies and monitor market trends. This is the place where traders can easily trade and find the most important trading information.
It’s possible to change your personal settings in the chart (exchange) to make it even easier to trade. For starting traders it can be a lot of new information, for them Bitvavo created a learning environment which you can find here: https://learn.bitvavo.com/
With the Bitvavo APP you can manage your digital currency from your phone, anytime, anywhere. The interface actually works pretty well. Also in the app it’s really easy to do your trades and all 200+ currencies are able to trade within the app.
Transferring Money is also in the available with the payment methods which where mentioned earlier.
In comparison to most other centralized exchanges, the Bitvavo exchange is limited to its features/services, as it currently only offers Trading, Staking and an On & Off Ramp.
Let’s take a closer look at each one:
Obviously, Bitvavo’s primary feature & service that they take the most pride in is trading. Whether you’re a beginner or a pro trader, Bitvavo has created the perfect platform for every kind of user and made buying or selling cryptocurrency is made really easy.
The exchange consists of a clean, easy user interface offering multiple order types so you can perform simple or advanced trading strategies on over 200 different cryptocurrencies.
In addition to trading, Bitvavo also offers the option of staking. Those with idle assets on the Bitvavo exchange can utilise them to earn passive income with the power of Staking. Although there are over 190 different assets on the Bitvavo exchange, only a select few can be staked.
Bitvavo’s Staking feature enables users to earn up to 15%, depending on the staked asset.
Bitvavo On/Off Ramp
Helping to onboard millions of users, is the easy On and Off Ramp feature on the Bitvavo exchange. Users can easily change their FIAT (euros) into cryptocurrency and vice versa with Direct Euro Transfers. Users can deposit euros, trade them for various cryptocurrencies, and easily withdraw their earnings to their bank accounts. This seamless process bridges traditional finance with the world of digital assets, making it accessible to a wider audience.
In conclusion, Bitvavo is an excellent exchange with a great variety of tools, cryptocurrencies and security. It would be great to see Margin and/or Futures trading integrated to the Bitvavo exchange, but for now, Market & Limit orders will have to do!
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