This review of cryptocurrency exchange Bitvavo was created for informational purposes. Going through this review will help you to decide if Bitvavo is an exchange that fits your needs.
Table of Contents
What is the history of Bitvavo?
Bitvavo is a Dutch cryptocurrency broker founded in 2018. With an office located in Amsterdam, Bitvavo is one of the newest kids on the Dutch broker blocks. While the company was only founded in 2018 compared to the likes of Bitonic and Litebit who have been around for almost a decade, they gained a lot of market share quickly.
Bitvavo’s aim is to make the process of buying cryptocurrencies with fiat as easy as possible. Bitvavo also offers staking options on their platform without the need to lock your crypto.
What cryptocurrencies are available on Bitvavo?
On Bitvavo, you can buy and sell cryptocurrencies directly to the Euro and in a user-friendly manner. Besides the majors, such as Bitcoin and Ethereum, you can buy more then 150 other largecap and midcap cryptocurrencies.
If you want to learn more about the Bitvavo mobile application, visit our page: Bitvavo App.
What are the payment options on Bitvavo?
Depositing money – Euros into your Bitvavo account is possible with 5 different payment methods.
How much are the trading fees on Bitvavo?
At the time of writing, different fee rates will be applied for traders, according to their own 30-day trading volume.
For exact numbers, please check out the table below.
What are the deposit and withdrawal fees on Bitvavo?
You deposit money on Bitvavo very easily. If done by DEAL or bank transfer, you will pay 0 fees, making the deposit completely free of charge.
For the Giro Pay and EPS payment method, fees deducted will be 1.75% on each deposit.
Depositing cryptocurrencies can be done free of charge. Take note that you have to pay a transaction fee to send cryptocurrency.
Withdrawing fees will be applied depending on which cryptocurrency you need to withdraw and the blockchain congestion at that moment.
For more info about fees on Bitvavo, visit our page Bitvavo Fees.
Where do I find Bitvavo support?
Bitvavo has a Frequently Asked Question – FAG section. Which doesn’t contain all answers but does treat the most common ones, you as a trader, might encounter.
Bitvavo can be contacted on working days between 09 AM – 21 PM and on weekends between 10 AM – 18 PM. Just e-mail to firstname.lastname@example.org.
For more information about contacting Bitvavo support, visit our Bitvavo contact page.
What are pros and cons of Bitvavo?
Like any other broker and exchange, Bitvavo has its advantages and disadvantages. We list their strengths and weaknesses below:
- Large selection of popular cryptocurrencies
- Cheap trading fees
- Fast transactions
- Easy and user-friendly Staking features
- Unknown in the international landscape (which could also be an advantage)
- Few low market cap altcoins