Ram Nisha

Reviewer:

Ram Nisha
Nino  Gogochashvili

Fact checker:

Nino Gogochashvili
Modified:

Bitonic Review 2025

Bitonic Review 2025
Company:Bitonic
Headquarter:

Amsterdam, The Netherlands

Founded:2012
Coins:1
US Accepted:
Max Leverage:1:1
SavingsOTC DeskAcademyBitcoin.nl

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

About
Bitonic is a Dutch Bitcoin exchange (VAT: NL852959710B01) registered with the Dutch Central Bank (DNB). The minimum trade size is €10, and the minimum amount for BTC recurring buys is €5. The exchange rewards affiliates and their referred clients with a €10 bonus in BTC.
Contact
Hoogte Kadijk 143F, Unit 8, 1018 BH Amsterdam, The Netherlands
Rank and Score
RegulationsCustomer SupportSpread &CommissionsPlatformsDeposit &WithdrawalAccountTypes
2.25Rank 140
Pros and Cons
User Levels
Pros
Long track record with over a decade of experience
Fixed transaction fees
Automatic Bitcoin purchasing
Affiliate program
Cons
Limited cryptocurrency options (only BTC)
Mandatory bank account verification
No leverage trading
Geographical restrictions
score of blog
1 From 5.0
(1)
Rate this post
1727

Over 13 years of operation, the platform has facilitated more than 400,000 BTC transactions and continues to serve thousands of users every day.

With a default 1.0% trading fee on the BL3P platform, Bitonic supports multiple payment methods, including iDEAL with 0% fees and Bancontact with a 0.5% deposit fee, allowing both small and large traders to transact seamlessly.

The platform offers a minimum deposit of €10, with a minimum trade size of €10, while its OTC desk caters to trades above €100,000, with fees decreasing incrementally from 0.9% for €200,000 orders down to 0.3% for trades above €5,000,000.

Bitonic; Introduction to the First Bitcoin Company in the Netherlands

Bitonic B.V. was founded on 1st May 2012 by Niels van Groningen and Robert de Waard.

Bitonic
Bitonic, a Dutch marketplace for trading Bitcoin only

Previously known as iDealCoin, the company is registered with theDutch Central Bank (DNB). Bitonic won the Dutch Fintech award in the Bitcoin category in 2015. Key features of Bitonic:

  • Bits automated Bitcoin savings plan
  • NL educational platform
  • BL3P professional Bitcoin exchange
  • Support for the Lightning Network

Notably, Bitonic has never experienced a successful hacking incident. While the platform does not offer an investor compensation scheme or U.S. regulatory coverage, it maintains high operational integrity.

KYC is required for all users, and service is restricted in sanctioned jurisdictions including the United States, Russia, Iran, North Korea, and over 50 others.

Bitonic CEO

Niels van Groningen is a Dutch entrepreneur and the co-founder of Bitonic.

Based on Niels van Groningen LinkedIn profile, before venturing into the cryptocurrency industry, Niels earned a degree in Artificial Intelligence and worked in tech support at KPN, a major Dutch telecommunications company.

His passion for programming and technology led him to co-found IQYOU, Kleiman & Van Groningen, and Entix, showcasing his diverse entrepreneurial spirit.

Under his leadership, Bitonic has become a pioneer in the Dutch crypto market, processing over 400,000 Bitcoins and facilitating seamless transactions through iDEAL, a popular Dutch payment method.

Bitonic CEO
The LinkedIn profile of Niels van Groningen, the CEO of Bitonic

Bitonic Exchange Table of Specifications

The crypto exchange offers various services, including an OTC desk for high-volume traders (100K+) and the Bitonic Academy, which is in partnership with the Netherlands Ministry of Finance.

Exchange

Bitonic

Launch Date

2012

Levels

No

Trading Fees

1.0%

Restricted Countries

North Korea, Iran, Syria, Libya, Somalia, South Sudan, Yemen, Democratic Republic of the Congo, Central African Republic, Eritrea, Guinea-Bissau, Iraq, Lebanon, Mali, Sudan, Russia, Belarus, Myanmar, United States

Supported Coins

1

Futures Trading

No

Minimum Deposit

€10

Deposit Methods

iDEAL, Bancontact, SEPA, Bitcoin

Withdrawal Methods

SEPA, Bitcoin

Maximum Leverage

1:1

Minimum Trade Size

€10

Security Factors

Self-Built Infrastructure, Segregated Accounts, Cold Wallets, Multi-Signature Wallets

Services

Savings, Bitcoin.nl, Academy, OTC Desk

Customer Support Ways

Email, Ticket, Telegram, Twitter, Call Center

Customer Support Hours

09:30 until 20:30 and during the weekend from 10:00 until 18:00 (GMT+2)

Fiat Deposit

Yes

Affiliate Program

Yes

Orders Execution

Market

Native Token

No

Bitonic Advantages and Disadvantages

Let's take a closer look at the pros and cons of using Bitonic for your Bitcoin trading needs.

Upsides

Downsides

Long track record with over a decade of experience

Limited cryptocurrency options (only BTC)

Fixed transaction fees

Mandatory bank account verification

Automatic Bitcoin purchasing

No leverage trading

Affiliate program

Geographical restrictions

Bitonic User Levels

The exchange doesn't provide a traditional user level system for reduced fees on spot and futures futures markets. However, Bitonic offers fee reductions on OTC orders above €200,000 based on the order size.

Bitonic Exchange Pricing

Creating and maintaining an account on the platform is free of cost. Key points about Bitonic's fee structure:

Trading

1.0%

Bitonic Savings

0.89% + €0.13

Instant Buy (iDEAL)

0.99% + €0.56

Instant Buy (Bancontact)

0.99% + €0.62 + 0.36%

Instant Sell (SEPA)

1.24% + €0.25

The exchange features an OTC desk for large trades (over €100,000). The OTC fees vary based on the order size:

Order Size

OTC Fee

>= €200,000

0.9%

>= €350,000

0.8%

>= €500,000

0.7%

>= €750,000

0.6%

>= €1,000,000

0.5%

>= €2,500,000

0.4%

>= €5,000,000

0.3%

While the platform charges no commissions on Bitcoin transactions, users must pay a network fee for withdrawals.

Bitonic Payment Fees
Bitonic funding and withdrawal transaction fees

Available Digital Assets on Bitonic

The company is a Bitcoin-only exchange, which means it focuses solely on Bitcoin (BTC) trading against the euro (EUR).

This specialization allows Bitonic to provide deep liquidity and expertise in Bitcoin trading, but it may not be suitable for users looking to diversify their cryptocurrency portfolio.

Bitonic coins
Bitonic only offers Bitcoin

Leveraged Trading on Bitonic

At the time of writing this Bitonic review, the exchange does not offer leveraged trading options. The maximum leverage available on the platform is 1:1, which means users can only trade with the funds they have deposited.

Bitonic Exchange Registration and Verification

To start trading on Bitonic, users must be above 18 and complete a Know Your Customer (KYC) verification process.

The platform emphasizes financial transparency, requiring proof of identity, address, and income before granting trading access.

#1 Access the Bitonic Website

Navigate to the official Bitonic exchange homepage and click on “Create Account” to begin registration.

#2 Email and Phone Verification

Submit a valid email address and mobile number. A verification link and code will be sent to complete this step.

After clicking on the link, your account will be created.

#3 Submit Verification Documents

Upload:

  • Proof of ID (passport or government-issued ID)
  • Proof of residence (utility bill or recent bank statement)
  • Proof of income (such as an annual income declaration)

Once documents are reviewed and approved, your account will be activated for full trading access.

How to Trade on Bitonic

Bitonic is all about simplicity in trading. Therefore, buying or selling Bitcoin in the Bitonic exchange won’t be hard at all. Simply follow these steps:

#1 Enter the Exchange

On the homepage of the platform, click on “Trade” from the top menu.

Start trading on Bitonic
Click on “Trade” to start trading on Bitonic

#2 Select Sell or Buy

Now you should select “Buy” if you want to buy Bitcoin and click on “Sell” if you want to sell it.

buy or sell bitcoin on Bitonic
Choose if you want to buy or sell bitcoin on Bitonic

#3 Enter the Amount

Now, you need to enter the amount of cryptocurrency you are willing to buy or sell.

Bitonic trade volume
Enter the Bitonic trade amount

#4 Confirm the Trade

Now select “Next” and follow to on-screen instructions to confirm the trade.

Bitonic trade confirmation
Confirm the trade by selecting “Next” and following the instructions

Bitonic App and Trading Platform

The exchange has developed a trade engine called BL3P, which is available via the web platform and mobile apps.

Both platforms provide a straightforward experience for Bitcoin trading, focusing on simplicity and ease of use. The absence of other cryptocurrencies helps keep the interface clutter-free and user-friendly.

It's worth noting that BL3P lacks integrations with TradingView, algorithmic bots, or multi-asset charting tools.

Bitonic mobile app
Bitonic provides Android and iOS apps

Bitonic Services

Using the table below, you can check if your favorite trading service is available on Bitonic or not:

Service

Availability

TradingView Integration

No

Auto Trading (Bots)

No

API Access

Yes

P2P Trading

No

OTC Trading

Yes

Demo Account

No

Launchpad

No

NFT Marketplace

No

Referral Program

No

DEX Trading

No

Auto-Invest (Recurring Buy)

Yes

Bitonic Safety and Security

The exchange has built its infrastructure with servers in the Netherlands, ensuring privacy and protecting data from foreign regulations. Bitonic security measures:

  • Two-factor authentication (2FA)
  • Multi-signature and cold storage
  • Segregated user funds
  • Regulatory compliance (Registered with the Dutch Central Bank)
Bitonic security
Bitonic is dedicated to providing high-end security features

Bitonic Funding and Withdrawal

The exchange supports EUR and Bitcoin payments and processes them via various channels, including:

Payment Method

Deposit Fee

Withdrawal Fee

iDEAL

None

Not Available

Bancontact

0.5%

Not Available

Manual SEPA

None

Not Available

Easy SEPA

0.5%

Not Available

Bitcoin

None

Not Available

EUR (Bank Transfer)

Not Available

None

Bitcoin

Not Available

Network fee

Bitonic Exchange Ratings

The Bitonic Trustpilot profile has received excellent feedback with a score of 4.2 out of 5. The exchange is also featured on Google Reviews and has a good score.

Trustpilot

4.2/5 based on 188 reviews

Google Reviews

3.7/5 based on 113 comments

58% of Bitonic reviews on TP are positive (4-star and 5-star), and only 38% are negative (1-star and 2-star).

Bitonic Trustpilot
Bitonic has replied to 80% of negative reviews on Trustpilot

Bitonic Features

This section provides an overview of the exchange's additional services:

Staking

No

Yield Farming

No

Social Trading

No

Liquidity Pool

No

Crypto Cards

No

Bitonic Bonus

Bitonic is rewarding its users with exciting bonus opportunities! Here are the details:

Bonus Type

How to Claim

Requirements

Reward

New User Bonus

Create an account via the Bitonic app, deposit €100, trade €100, enter code ‘RELAX’

Minimum €100 deposit & €100 trade (can be multiple transactions)

€10 worth of Bitcoin

Referral Bonus

Share your unique referral link/code, referral signs up, deposits & trades €100

Referral must trade €100 within 30 days

€10 Bitcoin for both referrer & referee

Welcome Bonus

New customers can receive €10 worth of free Bitcoin by creating an account via the Bitonic app, making a minimum deposit of €100, and trading at least €100 in Bitcoin.

Once these requirements are met, users can enter the bonus code ‘RELAX’, and the €10 Bitcoin reward will be automatically credited to their account.

Only new users or existing users who have not yet traded can claim this bonus, and the trading requirement can be fulfilled through multiple transactions.

Bitonic Welcome
Bitonic offers €10 worth of Bitcoin as a welcome bonus

Referral Bonus

Bitonic has a referral program that allows users to earn €10 in Bitcoin for themselves and their friends. By sharing a unique referral link or code, Bitonic users can invite friends, family, or colleagues to create an account.

When the referral signs up, deposits, and trades €100 within 30 days, both the referrer and the referee will receive €10 in bitcoin. This process is fully automated, making it fast and simple to earn extra Bitcoin without additional effort.

Currently, the referral program is temporarily suspended for adjustments, but a revised version will be launched soon.

Bitonic Referral bonus
Bitonic has a referral program bonus

Bitonic Support Channels

The company provides support every day from 09:30 until 20:30 and during the weekend from 10:00 until 18:00 through various channels, including:

Note that the call center is available Monday to Friday from 10:00 to 17:00 (GMT+2).

Bitonic Support
Bitonic contact options

Does Bitonic Offer Investment or Growth Plans?

While Bitonic doesn't offer traditional investment or growth plans, it does provide a Bitcoin Savings program that can help users accumulate BTC over time.

Bitonic Savings is an automated Bitcoin savings plan that allows users to purchase small amounts of Bitcoin regularly (daily, weekly, or monthly) with a minimum requirement of €5.

The exchange also features a referral program that rewards the affiliate and the new user with €10 in Bitcoin.

Bitonic automatic Bitcoin saving
You can automatically buy Bitcoin on Bitonic

Prohibited Countries on Bitonic

The company doesn’t accept clients from countries sanctioned by the Netherlands, the European Union, or the United Nations, including:

  • North Korea
  • Iran
  • Syria
  • Libya
  • Somalia
  • South Sudan
  • Yemen
  • Democratic Republic of the Congo
  • Central African Republic
  • Eritrea
  • Guinea-Bissau
  • Iraq
  • Lebanon
  • Mali
  • Sudan
  • Russia
  • Belarus
  • Myanmar
  • United States
Bitonic Restricted Countries
Prohibited jurisdictions on Bitonic

Bitonic Compared to Other Platforms

The table in this section provides a fair comparison:

Features

Bitonic Exchange

HTX ExchangeLBank ExchangeBybit Exchange

Number of Assets

1 (Only Bitcoin)700+700+1300+

Maximum Leverage

1:11:2001:1251:100

Minimum Deposit

€10

$1Varies by CryptocurrencyVaries by Cryptocurrency

Spot Maker Fee

1%From 0.02%0.02%0.005% - 0.1%

Spot Taker Fee

1%From 0.02%0.02%0.015% - 0.1%

Mandatory KYC

YesYesNoYes

Futures Trading

NoYesYesYes

Mobile Application

YesYesYesYes

Fiat Payment

YesNoYesYes

Staking

NoYesYesYes

Copy Trading

NoYesYesYes

Final Words

With a minimum €10 deposit, trades starting from €10, and support for recurring Bitcoin purchases, users can accumulate BTC steadily over time. The OTC desk supports trades up to €5,000,000, with fees ranging from 0.9% to 0.3% depending on the order size.

The exchange has facilitated BTC trading worth hundreds of millions of euros and maintains positive user ratings, including a 4.2/5 Trustpilot score and a 3.7/5 rating on Google Reviews.

For those seeking a regulated, secure, and professional Bitcoin platform in Europe, Bitonic stands as a reliable option with over 13 years of experience, 400,000 BTC processed, and millions of euros in cumulative trade value.

FAQs

What is the minimum amount required to start trading on Bitonic?

The minimum trade and deposit amount on Bitonic is €10. This applies to all supported payment methods, including iDEAL, Bancontact, SEPA, and Bitcoin.

Which digital currencies can I buy or sell here?

Bitonic is a Bitcoin-only exchange, meaning users can exclusively buy or sell BTC. It does not support altcoins or stablecoins.

Is identity verification mandatory before trading on Bitonic?

Yes. All users must complete KYC verification, which includes uploading ID, proof of address, and income documents before gaining access to trading.

Can I trade using leverage with this platform?

No, Bitonic offers trading at 1:1 leverage only, meaning you can only trade with your own deposited funds—no borrowed capital is available.

How long has this exchange been in operation?

Bitonic was founded on May 1, 2012, making it one of the oldest Bitcoin exchanges in Europe with over a decade of operational history.

Are there any countries where access to Bitonic is restricted?

Yes. Users from over 50 sanctioned regions, including the U.S., Iran, North Korea, Russia, and others, are prohibited from using Bitonic.

What are the supported payment methods for deposits via Bitonic?

Deposits are accepted via iDEAL, Bancontact, SEPA, and Bitcoin. iDEAL is free, while Bancontact incurs a 0.5% fee.

Does the exchange offer a mobile trading app?

Yes, Bitonic provides mobile applications for both Android and iOS users, with a simplified experience focused solely on Bitcoin trading.

What fees apply when buying or selling BTC on Bitonic?

Instant Buy via iDEAL costs 0.99% + €0.56, and Instant Sell via SEPA costs 1.24% + €0.25. OTC fees vary by order size.

Is there an investor protection scheme in place in Bitonic?

No. Bitonic does not provide an investor compensation scheme or U.S. regulatory coverage, though it maintains high operational standards.

0Comment