Bitvavo is the largest and perhaps, the most competitively priced cryptocurrency exchange in the Netherlands. The platform was established with the aim to make digital assets accessible to everyone, especially for complete beginners.
If you are based in Europe, and looking for a way to buy or sell cryptocurrencies with ease, then our Bitvavo review will be of interest to you. Here we have compiled an analysis of the platform, by considering its supported markets, security measures, fees, customer service, and more.
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What is Bitvavo?
Based in Amsterdam, Netherlands, Bitvavo is a fintech company that was launched in 2018. Although this platform is a relatively recent addition to the cryptocurrency arena, our Bitvavo review found that the team behind it has an ambitious goal – which is to bridge that gap between the traditional financial setup and the blockchain ecosystem.
The result is a user-friendly cryptocurrency exchange that allows investors of all shapes and sizes to easily and securely engage with the new digital economy. In just three years, Bitvavo has built a user base of over one million users in Europe and supports 150 plus tokens.
Bitvavo not only attends to the needs of beginners but also caters to advanced traders using its dedicated exchange. The platform has different trading orders and charting tools integrated into the website. Our Bitvavo review liked the fact that you can also easily deposit and withdraw your money using a variety of payment methods, and make direct purchases of cryptocurrencies using EUR.
In addition, there is also the option to stake your digital assets and earn rewards, instead of leaving them idle in your wallet. And most importantly, the fees on this platform are highly competitive, which is one of the reasons why Bitvavo continues to be one of the most popular cryptocurrency exchanges in Europe.
Bitvavo Pros and Cons
Before we get into the core details of Bitvavo and its main features, we thought it best to offer you a summary of the advantages and disadvantages of using this platform for your cryptocurrency purchases.
Pros
- 150+ cryptocurrencies supported
- Direct purchase with EUR
- Low fees
- Supports multiple payment methods
Cons
- No regulation
- Only crypto-to-EUR markets
- No passive investment tools
- Unable to invest in non-crypto assets – like stocks
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Bitvavo Supported Markets
As we mentioned earlier in this Bitvavo review, the provider was built to provide users with an easy and hassle-free way to invest in cryptocurrencies. To facilitate this, the platform has built an exchange, and an advanced trading interface, which investors can switch between based on their requirements.
Buy and Sell Cryptocurrencies
For those who are looking to invest…
Read more:Bitvavo Review | How Safe is Bitvavo? Features and Fees Explained
