Bitvavo is a platform specialized in cryptocurrencies. Where you will be able to buy cryptocurrencies easily and intuitively, thanks to the simplicity of its functionality and aesthetics.
It is a platform located in the Netherlands, and is becoming increasingly popular in Spain and other countries. This is mainly due to its low commissions and ease of use compared to other cryptocurrency platforms. In the Netherlands, it is already the leading platform for buying and selling cryptocurrencies.
I guess if you are here, it is because you have heard of this platform, and want to know more. Or you are simply looking for the best alternative to buy cryptocurrencies. So let’s take a look at it. At the end, you can find a video if you want to see the platform inside and how it works.
What is Bitvavo?
Bitvavo is a cryptocurrency exchange platform, which allows you to buy and sell any cryptocurrency by depositing money into your account. In addition to being able to buy cryptocurrencies with other cryptocurrencies you have in your wallet. Let’s say you have Bitcoin cash, and you want to buy ethereum. The platform allows you to buy with your bitcoin cash ethereum units, without using your balance in euros, dollars or whatever currency you have. For this, the minimum amount is €50.
This platform also allows staking. The staking consists of an interest generated by keeping some cryptocurrencies. So if you keep the cryptocurrencies with staking within bitvavo, you will be able to receive an annual %. Each cryptocurrency has its own percentage, you can find from 1% to 10% per year just for keeping your cryptocurrency in the portfolio.
Being a company located in Europe, you have the security of European regulation, where it does not allow any fraud, and you can go legally in case of any problem you may have with this platform. This is important if you are looking for a secure platform that is not going to disappear all at once.
Create an account with Bitvavo
The first thing you should do is click on the blue start button, which will take you to bitvavo so you can create your account.
Platform: Bitvavo
Min. Deposit: 10€.
License: Cysec
Very low commissions
Wide variety of cryptocurrencies
The first thing you should do is click on the blue start button, which will take you to bitvavo so you can create your account.
Once you click and you are inside, you will have to enter the information requested. Above all, enter the real information so that they can approve your account. Once you have entered all the information, simply confirm your email address.
With your email verified, the next step is to verify your identity. To do this, you will be asked to upload a photo of your ID or passport. You cannot upload a photo from the gallery, but you have to do it at that moment, for greater security. Afterwards you will be asked to take a picture of yourself and talk to the camera to verify that it is really you.
It is a quick process if you have your ID nearby. Although it may seem a bit cumbersome to take the photos, it is the safest way for them to verify that it is really you, and where you see the security that is on this platform. Which makes it more reliable and not just anyone can fake an identity. With the photos of your ID and the verification of your photo, you are ready to log in.
Next steps
Once you are in, the next thing you need to do is make a deposit to verify your bank account and start trading. There are several options to do this, for me the best one is the bank transfer, where in 1-2 business days you will see the balance in your account.
It is really simple to make the deposit, you just have to follow the steps you will see inside the platform. The same for withdrawing the money once you want to have it back in your bank account, with 1-2 business days to receive it.
With the bank account verified, and the balance in your account, you can start trading with the more than 40 cryptocurrencies that are available, and that many of them are not available in other platforms. In addition to commissions ranging from 0% to 0.25%.
You can enjoy 7 days without any commission for buying or selling cryptocurrencies by creating an account with the link below. Take advantage to buy whatever you want totally free.
Platform: Bitvavo
Min. Deposit: 10€.
License: Cysec
Very low commissions
Wide variety of cryptocurrencies
Advantages
We could talk about many other aspects of the platform, but we have already touched on the main aspects that you should know if you want to start using it. Now it is time to know why it is really worth this platform and not another. So I leave you with the advantages that you will be able to enjoy with bitvavo:
Very low commissions: from 0-0.25% and with very large capitals of only 0.20%. One of the lowest commissions in the market
Ease of use and intuitive: it is really simple and created in an intuitive way so you can buy any cryptocurrency in an easy and transparent way.
They do not hide the commissions: if you have been using other platforms for some time, surely you have encountered commissions or amounts that do not match what you end up paying. And is that many platforms do not say or hide so that it is difficult to know what you will end up paying. In bitvavo is the opposite, when you go to buy or sell, tells you the rate or commission you pay. So at all times you see the price you pay and what you receive.
Staking: The platform allows the staking of cryptocurrencies. If you invest in cryptocurrencies in the long term, it is a good place to keep them and you can earn interest at the same time.
Advanced Panel: It has two purchase panels. One very simple, straightforward and intuitive, for people who just want to buy and another much more technical. The second panel is connected to tradingview, which allows you to make your analysis and studies of any cryptocurrency pair from the platform itself. This is ideal for people who want to trade cryptos. Although I personally like the simplicity of the other panel to buy or sell.
Security: It has several methods to protect your account with double factor to log in, or tools to prevent phishing in your email. With money on a platform, security is a fundamental aspect, and bitvavo knows it. That’s why it makes its platform truly secure.
Disadvantages
It also has some aspects that are maybe not so good. So let’s take a look at them so you can get to know everything before deciding.
It doesn’t have all the cryptocurrencies: One of the weak points it has is that it doesn’t have a very long list of cryptocurrencies if we compare it with other platforms. You will be able to find the most popular cryptocurrencies and others that are not so popular, but if you like to buy cryptocurrencies that hardly anyone has heard of, you may not find them here. Although you can always check their list by creating a totally free account, and if you do not find your cryptocurrency you want, do not make any deposit.
No community: Another aspect that I would like to have, is that there is a community or some kind of forum to share knowledge. It is a very simple platform with a lot of simplicity, but it always comes in handy to have more information such as cryptocurrency news. Although it is usual in this type of platforms not to find the social part, it is an aspect that can be quite positive.
Bitvavo Vs Coinbase
Coinbase is one of the main if not the main platform for buying cryptocurrencies.
Both platforms are really good for buying or selling cryptocurrencies, and they are two very good options for buying all types of cryptocurrencies. Especially, the less known ones.
Although bitvavo has more simplicity of use, and somewhat lower commissions than Coinbase, so for me it is a better platform.
Bitvavo Commissions
So you can see for yourself the commissions that this platform has, I leave below the more detailed fees so you have no doubt.
Bitvavo reviews
My opinion of bitvavo is really positive. It seemed complicated to buy cryptocurrencies, but with this platform it becomes simple, without any complications. In addition, there are many satisfied users and customers, with the leading platform in the Netherlands.
With its popularity rising in Spain, and already being the No. 1 in a country, it would not seem strange to me that in the future it could become one of the leading platforms or the best in Spain and Europe for the purchase of cryptocurrencies. If they start to include more cryptocurrencies, I am sure it can be one of the best.
Regarding other users, I have not been able to see any generalized complaints or problems, and in my personal experience, I have not had any using this platform either. Deposit and withdrawal times are also fast with bank transfer, and all personal settings are easy to configure. Regarding security, it also has different ways to avoid phishing and more security on your account.
Without a doubt, keep an eye on the platform and take advantage of the 7 days without commissions to buy that cryptocurrency you’ve always wanted to have in your portfolio.
Platform: Bitvavo
Min. Deposit: 10€.
License: Cysec
Very low commissions
Wide variety of cryptocurrencies
