Bitvavo – the Dutch Crypto Exchange

Founded in 2018, the Bitvavo crypto exchange is one of the young crypto exchanges in Europe. With a location in the Netherlands, more precisely in the capital Amsterdam, the founders dared to start in a not necessarily optimal environment. This is because the market for cryptocurrencies is still moving in a kind of gray area on site. Like many countries, politicians do not classify Bitcoin and altcoins as digital money. Although the government is not aiming for a ban, it is pursuing an equally international and national strategy for regulating digital currencies. The rapid success of the Bitvavo platform is all the more impressive given the unclear situation. The exchange is now one of the leading providers on the market in Europe. The clear goal of the developers: Bitvavo should be a central link between digital and traditional currencies. In its Dutch home market, the exchange quickly recorded increasing user numbers. And the ambitious expansion policy also quickly achieved initial success in other countries.

Table of contents +

To the exchange (currently with a 10 euro welcome bonus)

One reason for the interest of many crypto fans is the convincing mix of fair transaction costs, as is common in the field of crypto exchanges, and the ease of use that many customers appreciate from broker portals. From a trader’s point of view, it was positive from the start that a very large selection of digital currencies was available in addition to favorable trading fees. And Bitvavo also knows how to impress in terms of regulation and security.

Excellent Regulation and Security at Bitvavo

Regulated by the Central Bank of the Netherlands, De Nederlandsche Bank (DNB), the provider expects high standards for initial legitimation. However, these serve not least the security of the customers. The provider can also present a registration with the Dutch Chamber of Commerce.

Important further security aspects to protect customers are:

Two-factor authentication
Distribution of stored customer assets across a variety of cold wallets
Deposit insurance up to US$255 million (via partner and Lloyds subsidiary Aon)
highest Dutch security level for storing critical data
Coinbase Custody International partnership as theft protection for platform accounts

These are just some of the security aspects that Bitvavo relies on in the interest of its customers. Of course, they alone are not the basis for the success story and the high liquidity of the leading crypto exchange in the Netherlands. With a view to regular hacker attacks on competitors, the points mentioned have a high priority for users in the run-up to opening an account. In particular, the insurance cover via the well-known insurer Lloyds is a unique selling point in Europe to date. By the way: Customer funds are generally separated from the operative business of Bitvavo B.V. via the Bitvavo Payments Foundation.

Bitvavo – Partner for Everyone from Beginner to Professional Trader

A special feature of the platform is in any case the orientation as an offer that is aimed at both completely inexperienced traders and “old hands” in crypto trading. The operator achieves this through a division into an beginner-friendly interface and an alternative for advanced users (variant “Advanced”) with particularly high technical requirements. Many experts expect the trading environment to have good chances of a top position on the world market in the future. This is made possible, among other things, by the fact that Bitvavo allows the purchase, sale and storage of more than 150 cryptocurrencies. In addition to classic digital currencies, Bitvavo continues to offer a good selection of stablecoins. Numerous, constantly updated price charts on the one hand and a well-presented order book on the other serve as the basis for trading decisions. Thanks to the various trading instruments available (e.g. price alerts), experienced traders can implement even very complex strategies themselves – also via the Bitvavo app, which is currently (as of 11/2021) available for the Android and iOS operating systems.

Attention:

Bitvavo does not require order limits! Traders can trade automatically by defining their own price targets and, if necessary, set up “limit” or “stop-loss” orders in addition to market orders at the current price. Fully automated trading is achieved via the API model, which fulfills the task of a trading bot.

Fair Fee Model and Good Range of Payment Methods

In direct comparison to many European, but also international competitors, the very transparently designed fees are striking. The fee window of currently 0.03 to 0.25% is unparalleled on the market. The trading volume decides on the exact amount of the costs on the basis of a staggered commission model. With a total of eight payment methods, Bitvavo is also extremely well positioned in the competition. New customers can save themselves an exchange of cryptocurrencies via the wallet including transfer to the trading account before the start of trading by means of the optional SEPA transfer in fiat money. Users with extremely high trading volumes benefit from particularly favorable maker fees (0.1%) and taker fees (0.4%) on the platform. Although this is not decisive for “average users”; this practice underlines the user-friendliness of the provider once again. Apart from the offer for individual retailers, Bitvavo also appeals to institutional interested parties with individual crypto services.

Now you can also pay for Bitcoin and Co. at the crypto exchange with Paypal. This was a strongly requested wish of the users.

Staking Offer Complements Active Crypto Trading

In addition to direct crypto trading, staking as a passive approach on the crypto market is becoming increasingly important. Bitvavo’s so-called Staking Services are a mixture of on- and off-chain services in this area. Platform customers can thus earn rewards with unused balances in their accounts – simply by leaving purchased cryptocurrencies in their account. Customers themselves have the choice of whether their own account balances should be provided on-chain, i.e. in cryptocurrencies, or off-chain in fiat money. Funds that are used for Bitvavo Staking are part of the active platform pool and remain tradable. Depending on which “staked” asset class users choose, achievable returns in this area are a maximum of 7.5%.

Our Conclusion on the Bitvavo Trading Offer

It is not surprising that the platform, which is now available in almost 30 countries, now has more than one million active users. Above-average good customer reviews and test results speak for themselves. According to its own statement, the provider processes transactions with a trading volume of over 10 billion euros per month – with a clearly increasing trend. A trading environment that is easy to understand for every trader, a huge range of tradable cryptocurrencies and, last but not least, the staking services appeal to every user from crypto beginners to experienced traders with ambitious goals. If the operator sticks to its favorable and transparent fee model and continues to expand its platform at the previous pace, Bitvavo should continue to gain importance on the market.

Bitvavo, one of the leading exchanges from Europe (Netherlands) with a large selection of cryptocurrencies and staking. Extra: When you register via CoinPro.ch, you will receive a 10 Euro welcome bonus - plus no trading fees in the first week.

Payment options