Bitvavo Review [2022] Cheap European Crypto Broker

Dear Happy Investor, in this comprehensive Bitvavo review, we take a look at the European crypto platform. From the offer of crypto coins to rates and fees. The fast-growing Bitvavo is popular and after our review and experiences it is clear why. They offer an interesting combination between (1) supply, (2) low costs and (3) excellent accessibility for European investors. Also, in this Bitvavo review you'll find our referral link that gives you the first transaction fee for free. A great Win-Win!

On to the Bitvavo review

Bitvavo review: what is this broker and how can they help me?

Bitvavo is one of the largest cryptocurrency brokers in the Netherlands. The company was founded in 2018 and is based in Amsterdam. With a user base of over one million in Europe and support for 175+ tokens, Bitvavo has been growing in popularity.

Bitvavo makes it easy to buy, sell and store cryptocurrencies like Bitcoin, Ethereum, and Litecoin. The broker focuses on accessibility, transparency, and security. The company has no hidden costs and no monthly or annual fees and offers competitive exchange rates, making it attractive to investors.

Besides this, it has some amazing features like a Referral system and Staking. In Referral systems, you can earn for yourself and anyone you invite to join. Staking provides additional and, at the same time, measurable benefits when choosing the assets to stake.

Because Bitvavo has Dutch roots, it is easily accessible to Dutch people. And one of the reasons they are popular among Dutch investors is that – they offer their services in Dutch (besides English, French, German, Italian, and Spanish) and have a Dutch customer service. The coin prices on the platform are also displayed in Euros.

So, if you're someone who lives in Europe and looking for the best crypto broker – Bitvavo might be the right exchange for you!

Want to know more? Click on this link for more information. Through our referral link you get €1000 transaction fee for free within the first period and we receive a small fee. Creating an account is free.

Bitvavo review: costs and rates

When looking for a trustworthy cryptocurrency exchange, it is important that the platform you choose is as transparent as possible regarding the costs involved. From our Bitvavo review and many other reviews of crypto brokers, Bitvavo offers low fees within Europe. Usually, exchange platforms charge costs on trades, deposits, withdrawals, and spreads in the cryptocurrency market.

Here is a brief overview of Bitvavo's costs and rates.

Trade costs

According our Bitvavo review they deal with two types of trading fees; taker and maker fees.

1. The Maker fee is the charge that investors receive when they create an order with the requested transaction.
2. Taker fees, by comparison, are fees charged when a petitioned transaction is entered into a trade.

Each time a transaction is made, 0.15% is charged as a marker fee and 0.25% as a taker fee.

Additionally, if you have a high transaction volume, you may qualify for a discount. The investors will benefit from a discount of 0.01% on the marker fee and 0.04% on the taker fee.

A transaction summary appears shortly – after you complete a transaction. It contains vital information such as time and date, order type, trading cost, exchange rate, and the amount paid.

Want to know more about taker- and maker fees? Click on this link for more information. Through our referral link you get €1000 transaction fee for free within the first period and we receive a small fee. Creating an account is free.

Spread

Spread is the difference between a seller's and a buyer's price. It is usually shown as a percentage to indicate the size of the difference between the buying and selling prices. A platform's spread and trading cost determine whether its services are cheap or expensive. According our Bitvavo review and experiences they charge a spread of 0.60% on average, which is quite low when compared to other exchange platforms. The low spread allows investors to profit from their trading more.

Cost of withdrawal and deposit

With Bitvavo, you can withdraw and deposit funds using a variety of methods. There are eight payment methods available. Payment methods vary in the maximum amount for each transaction, and some methods of depositing funds charge extra fees.

1. There is a 1.99% fee for Giropay and EPS and a 1.55% fee for MyBank.
2. While iDEAL, Bancontact, and SEPA bank transfers are the remaining payment methods that are free of charge.

Withdrawals and Deposits

You will not be able to participate in the cryptocurrency market without depositing an initial investment. Furthermore, making withdrawals is just as important as making deposits because making high profits and withdrawing them is why traders come to the crypto market.

With Bitvavo, both deposits and withdrawals are straightforward. We mentioned earlier that the exchange platform offers a total of eight payment methods (iDEAL, Bancontact, Giropay, SEPA transfer, Credit Card, EPS, MyBank), so clients have the option of choosing the one that suits them best.

1. Fiat currency can be withdrawn and deposited by traders and investors who own intermediate accounts up to €25,000 per day, €50,000 per month, and €90,000 per year.
2. With regards to cryptocurrency withdrawals and deposits, traders are permitted to do so up to a maximum amount of €15,000 each day, €30,000 each month, and €45,000 each year.

However, you will be required to upgrade from the intermediate account to the Pro account that allows unlimited deposits if you want to invest more than these amounts.

Its withdrawal and deposit options are highly rated. However, traders cannot deposit in dollars but only in Euros since Bitvavo primarily targets European clients.

Want to know more? Click on this link for more information. Through our referral link you get €1000 transaction fee for free within the first period and we receive a small fee. Creating an account is free.

What crypto can we buy at Bitvavo? How does it works?

On Bitvavo, you can buy and sell more than 175 cryptos. From our reviews and experiences, this is a relatively large offering. There are larger brokers with more crypto coins, but Bitvavo is certainly not among the small players.

Some of the more popular cryptos include:

• Bitcoin (BTC)
• Ethereum (ETH)
• Binance Coin (BNB)
• Dogecoin (DOGE)
• Avalanche (AVAX)
• Ripple (XRP)
• Pancake Swap (CAKE)
• Decentraland (MANA)
• Cardano (ADA)
• Shiba Inu Coin (SHIB)
• Solana (SOL)
• Sandbox (SAND)
• Terra (LUNA)

Just because they are popular doesn't mean they are good investments. Cryptocurrencies are extremely risky. The chances of losing money are extremely high. Read more about the best crypto for long term or the best small crypto coins for potentially high risk/reward.

Offering an easy selling and buying system and a user-friendly website, Bitvavo caters not only to experienced traders but also to beginners. The process of signing up is pretty straightforward.

Registration requires you to provide your first and last name, email address, password, and country of residence. After registering and verifying your email address, Bitvavo will ask you why you chose their services, whether you want to disable or enable staking, and whether you want to go through the mandatory identity verification process. Bitvavo offers three verification levels: Starter, Advanced, and Pro.

You can start buying and selling on the exchange once you complete the signup process.

Want to know more? Click on this link for more information. Through our referral link you get €1000 transaction fee for free within the first period and we receive a small fee. Creating an account is free.

Pro’s and Con’s of Bitvavo

Our Bitvavo review and comparisons show some advantages and disadvantages. We have listed the most important ones below (not exclusively to).

Pros:

• Simple and easy broker to get started with
• Bitvavo lets you buy crypto with as little as 5 euros
• Offers the ability to buy, store, and trade more than 175 cryptocurrencies and stablecoins
• Allows view order status in real-time
• Fast switching between cryptocurrencies
• Price-fixed trading
• The stake functionality is available for more than ten coins with a maximum interest rate of 10.5%
• Suitable for beginner and advanced traders alike
• A two-factor authentication system is in place to provide additional security for users
• Through their affiliate program, you can earn 15% of all purchases made by users who are referred

Cons:

• The results are hard to track on an orderly basis
• Live Chat Support is available Monday - Friday, from 10:00 am - 17:00, but not 24/7. However, email support is available 24 hours a day. Users can send an email if an agent is unavailable, which usually receives a response in one hour.
• A limited number of assets are available as compared to competitors
• Available only to EU residents

Want to know more? Click on this link for more information. Through our referral link you get €1000 transaction fee for free within the first period and we receive a small fee. Creating an account is free.

Compare Bitvavo with other crypto brokers

Following is the comparison of Bitvavo with some other popular crypto brokers.

Bitvavo vs. Binance

Bitvavo vs. FTX

Bitvavo vs. Kraken

Bitvavo vs. BitFlyer

Customer reviews of Bitvavo

Customers on various reputable sites have reviewed Bitvavo, and the ratings indicate a positive outlook for the broker.

These are some ratings found on various review sites:

• App store: 4.7/5
• TrustPilot: 4.2/5
• CryptoWisser.com: 3.16/5
• Revain.org: 3.9/5
• TradersUnion.com: 7.45/10
• SourceForge.net: 5/5

Its low fees, ease of creating an account, and large selection of cryptocurrencies are among the reasons Bitvavo is highly rated by customers. In some cases, lower ratings are provided with various comments, suggesting that funds were lost or the service was poor.

Want to know more? . Through our referral link you get €1000 transaction fee for free within the first period and we receive a small fee. Creating an account is free.