Bit is a leading cryptocurrency exchange based in Amsterdam, Netherlands. This platform provides trading services of 300+ coins and tokens for 1.5 million cryptocurrency traders.
Founded in 2018, Bitvavo is registered with De Nederlandsche Bank and operates based on the guidelines of this financial authority. This comprehensive Bitvavo review will explore Bitvavo's features, fees, security measures, and overall user experience to help traders decide if it's the right platform for their crypto trading needs.
Company Information and Regulation Status of Bitvavo Exchange
Bitvavo, founded in 2018, is a regulated cryptocurrency exchange that operates under the oversight of several European financial authorities. The company is:
- Registered with De Nederlandsche Bank (DNB), the central bank of the Netherlands
- Registered to operate in Austria, France, and Italy
- A member of Verenigde Bitcoin Bedrijven Nederland (United Bitcoin Companies Netherlands)
Bitvavoās adherence to rigorous regulatory standards ensures it maintains high financial integrity and a secure trading platform. This focus on transparency and compliance has built a solid reputation, making it a trusted choice for cryptocurrency users across Europe.
Bitvavo Exchange Specifications
Here's a quick introduction to the Bitvavo exchange:
Exchange | Bitvavo |
Launch Date | 2018 |
Levels | 11 |
Trading Fees | From 0.00% maker and 0.01% taker |
Restricted Countries | USA, Iran, North Korea, Canada, and more |
Supported Coins | 300+ |
Futures Trading | No |
Minimum Deposit | ā¬10 |
Deposit Methods | Bank transfer, iDEAL, EPS, Sofort, Bancontact, Giropay, Paypal, credit card, crypto |
Withdrawal Methods | Bank transfer, crypto |
Maximum Leverage | 1:1 |
Minimum Trade Amount | From $5 |
Security Factors | 2FA, cold wallet, SSL encryption, multi-signature, security audits, Anti-Phishing protection |
Services | Staking, Recurring buy, lending |
Customer Support Ways | |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | N/A |
Native Token | No |
Bitvavo Exchange User Levels Overview
Bitvavo offers different user levels based on a 30-day trading volume, providing additional benefits to more active traders. Here are the trading fees for EUR markets:
30-day trading volume | Maker fee | Taker fee |
ā¬0+ | 0.15% | 0.25% |
ā¬100,000+ | 0.1% | 0.20% |
ā¬250,000+ | 0.08% | 0.16% |
ā¬500,000+ | 0.06% | 0.12% |
ā¬1,000,000+ | 0.05% | 0.10% |
ā¬2,500,000+ | 0.04% | 0.08% |
ā¬5,000,000+ | 0.04% | 0.06% |
ā¬10,000,000+ | 0.00% | 0.05% |
ā¬25,000,000+ | 0.00% | 0.02% |
ā¬100,000,000+ | 0.00% | 0.01% |
ā¬500,000,000+ | 0.00% | 0.01% |
These tiered user levels incentivize active trading on the platform and reward loyal users with improved conditions and services.
Bitvavo Exchange Trading Fees and Commissions
Bitvavo's fee structure is competitive within the cryptocurrency exchange market. Here's an overview of their fees:
Category | Maker | Taker |
EUR markets | 0.15% | 0.25% |
Stablecoin pairs | 0.10% | 0.10% |
Other Euro trading pairs | 0.15% | 0.25% |
USDC markets | 0.05% | 0.05% |
Bitvavo offers competitive trading fees compared to other exchanges.
Now letās look at their deposit fees:
Payment method | Relative fees |
Bank transfer | 0.00% |
Credit card | 1.00% |
iDeal | 0.00% |
PayPal | 2.00% |
Bancontact | 0.00% |
EPS Ćberweisung | 1.75% |
Giropay | 1.75% |
Sofort | 2.25% |
Traders can also check Bitvavo transaction fees on their website.
Bitvavo Exchange Coins and Assets List
Bitvavo boasts an impressive selection of over 300 tradable cryptocurrencies and tokens. This diverse offering includes:
- Major cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.)
- Popular altcoins and tokens (Solana, Dogecoin, Cardano)
- Emerging digital assets and projects
The wide range of supported assets allows users to diversify their portfolios and explore various investment opportunities within the cryptocurrency space.
Does Bitvavo Offer Futures and Margin Trading?
It's important to note that Bitvavo does not currently offer futures or margin trading on its platform. The exchange focuses primarily on spot trading of cryptocurrencies against the euro. While this may limit options for advanced traders seeking leveraged positions, it also reduces the risk profile for the average user and aligns with Bitvavo's focus on providing a secure and regulated trading environment.
Registration and Verification on Bitvavo Exchange
To start trading on Bitvavo, users must complete a registration and verification process. Here's a step-by-step guide:
- Visit the Bitvavo website and click "Sign Up;"
- Agree with Bitvavo terms and conditions;
- Provide your email address and create a strong password;
- Verify your email address by clicking on the link Bitvavo sent you;
- Answer the questions to complete your profile;
- Take a photo of your government-issued document and upload it on Bitvavo;
- Record a selfie video to pair your ID photo and your face.
The verification process is mandatory for all users to comply with regulatory requirements and ensure the safety of the platform.
Bitvavo Security & Safety Measures Overview
Bitvavo Exchange prioritizes the security of its users' assets and personal information. The exchange implements several safety measures:
- Anti-phishing protection to prevent unauthorized access attempts
- Two-factor authentication (2FA) for account logins and withdrawals
- Address whitelist feature to prevent unauthorized withdrawals
- Cold storage for the majority of user funds
- Multi-signature requirements for large transfers
- Up to $755 million in insurance coverage for user assets
- Regular security audits by third-party firms
These robust security measures help protect users from potential threats and provide peace of mind when trading on the platform.
Payment Methods in Bitvavo Exchange
Bitvavo supports a variety of payment methods to cater to European users:
- SEPA bank transfer
- iDEAL (Netherlands)
- Giropay (Germany)
- EPS (Austria)
- Sofort (various European countries)
- Credit/debit cards
- Bancontact (Belgium)
- PayPal
- Crypto
The availability of these popular European payment methods makes it convenient for users to fund their accounts and start trading quickly. Itās worth mentioning that withdrawals are only available in crypto and bank transfers.
Bitvavo Exchange Trust Scores and User Reviews
Bitvavo has garnered positive reviews from users. On Trustpilot, the exchange maintains a strong rating of 3.9 out of 5 stars based on 18,105 customer reviews. Users praise the platform for its:
- User-friendly interface
- Low fees
- Wide range of supported cryptocurrencies
- Responsive customer support
However, some users have reported issues with withdrawals and occasional technical glitches. Overall, Bitvavo's trust scores and evaluations indicate that it is a reliable and well-regarded exchange in the European cryptocurrency market.
Traders should also be aware that reviews are for the time of writing this article and might change in the future.
Copy Trading Services and Investment Options on Exchange Bitvavo
Bitvavo offers several investment options to cater to different user preferences:
- Staking: Users can earn rewards by staking certain cryptocurrencies on the platform;
- Lending: Traders can lend their assets and earn interest on them;
- Recurring Buy (DCA): Set up automatic, regular purchases of cryptocurrencies to dollar-cost average investments over time.
However, it's worth noting that Bitvavo does not currently offer copy trading services, which may be a drawback for users looking to follow experienced traders' strategies automatically.
TF Expert Suggestion
Bitvavo, founded in 2018, has established itself as a reliable and user-friendly cryptocurrency exchange for traders in 26 European countries. With its low fees, a wide selection of 330 cryptocurrencies, and strong regulatory compliance, Bitvavo offers a secure and accessible platform for both beginners and experienced traders.
However, the lack of advanced trading options, including futures and margin trading and fewer crypto-to-crypto trading pairs, are the drawbacks traders need to consider before opening an account on this platform. Ultimately, traders should decide whether Bitvavo exchange offers the best trading experience for their needs.
