Since its establishment in 2018, Bitvavo has provided its users with an exchange platform that bridges the gap between fiat money and digital currencies. It offers more than 200 crypto markets, education material for new traders, extensive trading view, and lucrative staking options.
What stood out to us in this Bitvavo review is the transparency of its operations. You can easily find all the information regarding the fees of every cryptocurrency, while the website regularly shows which servers are under maintenance so you can avoid any unpleasantries.
Here are some of the features that caught our eye:
- Over 200 cryptocurrencies
- Trading view
- Tutorial guides for beginners and experienced traders
- Staking feature with up to 15% interest
- Affiliate program
- Transparent fees
- Enterprise solutions for funds and institutions
What Is Bitvavo?
Bitvavo is one of Europe’s leading digital asset exchanges, serving over one million active users. The platform provides a great trading experience for both beginners and advanced traders, offering more than 200 different cryptocurrencies for trading, including BTC, BNB, DOGE, and LTC. It’s also remarkably user-friendly, providing several fiat payment methods to enable users to buy crypto easily.
Bitvavo also plays an important role in educating new traders and providing valuable information for those who want to get involved in trading crypto. Its beginner’s guide is incredibly comprehensive, making it easier to get started if you’re new to the world of crypto. Additionally, it maintains a regularly updated blog that covers the hottest topics in the crypto space, offering insights that can be quite valuable to you, regardless of your trader level.
Bitvavo is a forward-thinking platform committed to empowering its users through information and resources while also offering great trading services to its users. Whether you’re new to the world of digital assets or an experienced trader, everyone should learn something about Bitvavo.
How to Open an Account at Bitvavo
- Click on the “Sign Up” button: Open the official Bitvavo website in your browser or the Bitvavo app. You can usually find it in the top-right corner of the screen.
- Provide personal details: You need to enter some personal information to create a Bitvavo account. This includes first and last name, country of residence, and email address. You also need to come up with a strong password and agree with the platform’s terms and conditions.
- Complete the email verification: You’ll get a verification email sent to the address you provided. Click on the link to confirm the verification and login information with the credentials you chose.
- Answer the profile questions: There are two profile questions you should answer in relation to your intended use of Bitvavo and your main source of income. These questions help personalize the Bitvavo trading platform for you.
- Verify your identity: Bitvavo will ask you to provide additional verification to confirm your identity. This includes taking a photo of your ID issued by the government and recording a video of yourself. This is necessary to ensure only real accounts are present on Bitvavo exchange in order to protect you from fraudsters.
The registration process is quite easy to complete and takes mere minutes. By following the steps above, you’ll quickly create your Bitvavo account and start trading right away.
Is Bitvavo Safe?
From rigorous company protocols and data safety measures to robust individual account protections, Bitvavo goes to great lengths to ensure you can enjoy a secure and reliable trading environment. Thanks to its multi-layered approach to security, Bitvavo is a safe platform for trading digital assets.
One of the cornerstones of Bitvavo’s security infrastructure is its focus on data safety. Critical data is backed up in bank-grade vaults that are monitored 24/7. These vaults meet the requirements of safety category 4+, which is the highest security category in the Netherlands. Bitvavo ensures that all data stored in these vaults is encrypted and safeguarded against unauthorized access.
Furthermore, Bitvavo exchange uses cold wallets to store your digital assets with strict security protocols. This offline storage method ensures that even if Bitvavo’s online systems are compromised, the majority of user assets remain safe and inaccessible to hackers.
Bitvavo’s code is rigorously reviewed by multiple specialized IT security firms. Penetration tests are carried out regularly to attempt to breach the company’s systems. Each major code change undergoes this review process to ensure the ongoing resilience and security of Bitvavo’s platforms.
There are several ways you can keep your Bitvavo account secure. You can manage and monitor the devices and IP addresses that have access to Bitvavo accounts. This helps you quickly identify and block any unauthorized devices or IP addresses. To protect against phishing attempts,
Bitvavo incorporates anti-phishing mechanisms that help identify and block fraudulent sites and emails that aim to steal user data.
Bitvavo also offers the option of setting up two-factor authentication (2FA) for an extra layer of account security. Bitvavo 2FA involves the use of a second device to confirm login attempts, thereby making it much more difficult for unauthorized users to gain access to your account.
What Are Bitvavo Features?
Here, we outlined some of the key features that make Bitvavo stand out in the digital asset marketplace. Bitvavo’s extensive list of features caters to a diverse range of users, from individual traders to enterprise clients.
Bitvavo trading view offers an easy-to-use layout, making it accessible even for those who are new to the trading scene. One distinct aspect of this trading view is that it only allows trades with the euro (EUR), eliminating the option for direct crypto-to-crypto exchanges. This makes it particularly streamlined for users who prefer dealing in EUR.
Beyond these basics, the Bitvavo trading view boasts a range of specialized features. Users can utilize various indicators within the graph, such as moving average and net volume, to gain a clearer understanding of market trends. Additionally, the platform highlights assets that have shown significant movement in the last 24 hours, allowing traders to identify opportunities for profit quickly.
Bitvavo’s affiliate program allows you to become an affiliate partner and start earning a commission from your referrals. Once you share your unique referral link with your friends, on your website, or through your social media pages, you’ll receive a commission starting at 15% on all trading fees paid by the users you’ve referred. This commission is automatically deposited into your Bitvavo account, making it an effective way to earn passive income.
Staking is another exciting feature that Bitvavo offers to its users. Through the staking service, you can earn a return on your digital assets with yields of up to 15% on staked assets. Bitvavo staking offers a way to earn passive income on crypto holdings, especially for Bitvavo coins that use proof-of-stake (PoS) or its many variants as a consensus mechanism.
Bitvavo places emphasis on education, especially for those who are new to the world of digital assets and blockchain technology. Under Bitvavo Learn, the platform offers lessons designed for both beginners and experienced crypto traders. You can complete courses to become an expert in the field. In addition to these educational tracks, Bitvavo features a helpful blog that explains various topics related to the crypto world, offering practical tips and more.
For enterprise and institutional clients, Bitvavo offers tailored solutions that provide direct access to the digital asset ecosystem. Built on a trusted, time-tested technical architecture, Bitvavo allows businesses to exchange, transfer, and store over 200 digital assets directly with the euro. The platform provides access to liquid markets, reliable order execution, and real-time data streams, enabling a wide range of digital asset services. These enterprise solutions are backed by a reliable banking infrastructure and multiple funding methods.
What Are Bitvavo Fees?
The fees at Bitvavo are pretty competitive when compared to other cryptocurrency exchange platforms and vary based on your trading volume for the past 30 days. Therefore, the more you trade, the better Bitvavo trading fees you’ll receive both on selling and buying. Below, you can find the table showing the taker and maker fees based on the trading volume.
|Volume in 30 Days||Taker Fee||Maker Fee|
One of the things that we liked is the transparency with which Bitvavo presents the fees. Whether you want to make withdrawals at Bitvavo in Ethereum or use Bitvavo for Bitcoin, you can easily find all the fees related to your payment method and the crypto you’re planning to trade in. You can find the withdrawal fees and minimum amounts for some of the most popular currencies available below.
|Bitcoin||0.00009 BTC||0.00001 BTC|
|Binance||0.001 BNB||0.001 BNB|
|Dogecoin||4 DOGE||4 DOGE|
|Ethereum||0.0007 ETH||0.0007 ETH|
|Litecoin||0.001 LTC||0.001 LTC|
Bitvavo Customer Support - Which Options Does It Offer?
The Bitvavo platform offers several customer support features, including the Support Center, live chat, and a dedicated customer service email address.
The Support Center is a part of the website where you can find answers to frequently asked questions on a wide range of topics, including your account, transactions, and security measures. The customer support center is designed to be both comprehensive and accessible, ensuring timely and accurate help.
For more immediate or specific concerns, this exchange offers a live chat option. By stating your name and email along with your query, you can send a message directly to the customer service team for quick and personalized assistance.
Customer Reviews - What Do Users Say About Bitvavo
While doing this review of Bitvavo, we’ve found great reviews from previous users on major customer review websites. Most customers are fascinated by the security measures in place and the user-friendliness of the platform, allowing them to make transactions easily.
Another thing traders like is the ability to exchange between crypto and fiat currencies, while the Bitvavo app has also received a lot of praise. It’s always a good recommendation when you see overwhelming support online for an exchange platform. However, keep in mind that you should judge the platform based on your own experience and not let online reviews form your opinion.
Final Thoughts - Is Bitvavo Worth It?
It’s evident that the Bitvavo platform has much to offer to both individual traders and institutional clients, making it worth exploring. This trading service places a strong emphasis on security, transparency, and user education.
Novice traders looking to get started in the world of digital assets can find a bunch of beginner guides to help them with their first trader steps and get a good basic knowledge about the crypto world.
Seasoned investors seeking advanced trading features and enterprise solutions can also find everything they need at Bitvavo. You can take advantage of the staking feature, and there are even expert guides that can help you polish your trading skills.
Its competitive fee structure, robust customer support, and positive user reviews further cement its credibility. Try it out and start trading at Bitvavo today!
Is Bitvavo legit?
Bitvavo is trusted by millions of users worldwide for handling their digital assets. If you want to trade or invest, Bitvavo offers multiple features that showcase its legitimacy in the crypto world, including enterprise solutions, extensive trading view, and staking.
How much does Bitvavo charge for fees?
The taker and maker fees at Bitvavo depend on your trading volume, ranging from 0.25%–0.04% to 0.15%–0.03%, respectively.
Is Bitvavo safe?
Bitvavo employs several security measures to keep your data protected, including using cold Bitvavo wallets to store your crypto assets, regular security audits, and two-factor authorization.