Choosing the right exchange can be a tremendously difficult process. It sounds like a simple choice, but in the long run your choice for an exchange can definitely influence your succes in crypto.
Today we’re going to help you a little, namely by comparing two major Dutch cryptocurrency exchanges: Bitvavo and Coinmerce.
We will compare those two exchanges on their different features, so you can choose which exchange suits you best. Let’s get started!
Overview
Exchange | Bitvavo | Coinmerce |
Trading products | Spot Trading, Staking | Spot, Earn & Bot Trading, Staking |
Staking options | ✅ | ✅ |
Fees | 0,25% | 0,4 ~ 2,5% |
Bonus | Trade €1000 with 0% commission | Sign-up bonus of €10 in Bitcoin – BTC |
Exchange review | Read review | Read review |
Services of Coinmerce vs. Bitvavo
Let’s take a look at the services offered by both exchanges. Coinmerce has more options than Bitvavo. At Coinmerce, just like at Bitvavo, you can use spot trading and staking.
In addition, at Coinmerce you can also make use of the Coinmerce Earn service. Which is actually almost exactly the same as staking your cryptocurrency, but you lend it to other users or the exchange. It simply ensures that you can receive an additional return on more coins through Coinmerce.
Bitvavo, as mentioned earlier, has fewer different options than Coinmerce. Through Bitvavo, you can only buy and sell crypto through spot trading. Once you own this crypto, you can also choose to stake it through Bitvavo.
Finally, Coinmerce also offers you the option of trading via trading bots. When trading via bots, you can make use of algorithms, which will trade for you. This makes it possible to achieve a completely passive return. Altough this can always go the other way around whereby you lose your deposit.
Staking options Coinmerce vs. Bitvavo
On both exchanges it is possible to stake your cryptocurrency. Through Coinmerce you can choose to ‘Stake’ or ‘Earn’. For now, we’ll just put these two together. But in reality, there is a difference between the two.
At Bitvavo and Coinmerce, you can earn on Bitcoin – BTC and Ethereum – ETH. At Bitvavo you will receive on Ethereum a return of 1.01% and a return of 0.77% on Bitcoin. Coinmerce only offers 0.80% on Bitcoin and none on Ethereum.
Stablecoin staking Bitvavo vs. Bitvavo
There are also several stablecoins staking options available at both exchanges. At Bitvavo you can stake Dai – DAI, USD Coin – USDC and Tether – USDT, while at Coinmerce you can stake USD Coin – USDC, Binance USD – BUSD, TrueUSD – TUSD and Pax Dollar – USDP.
To give you an idea of the staking percentages you can receive at both exchanges we’ve listed them below:
Trading fees Coinmerce vs. Bitvavo
Also not unimportant, when comparing two exchanges, are of course the trading fees. Let’s take a look at the fees.
At Coinmerce, it’s hard to give you a clear picture of the fees. The transaction costs at Coinmerce are between 0.4% and 2.5%. According to Coinmerce’s website, the lower the trading volume on a particular coin, the higher the fee.
At Bitvavo, things are a bit simpler when it comes to the fees. Basically, the taker fees are 0.25% and the maker fees are 0.15%. This means that you pay 0.25% when you fill an order from the order book, while you pay 0.15% when you add an order to the order book. These costs get lower as you run a higher monthly trading volume. At its lowest, taker fees at Bitvavo are 0.04%, where maker fees are at their lowest 0.03%.
Bonuses on Coinmerce vs. Bitvavo
Bitvavo has a nice sign-up bonus, which you as a new user could take advantage of. When you create an account at Bitvavo now, you can trade €1000 without transaction fees. This will save you money and can ensure you a higher return.
Coinmerce rewards new users who get referred with a sign-up bonus of €10 in Bitcoin – BTC.
Payment methods Coinmerce vs. Bitvavo
Through Coinmerce, you can deposit fiat money in eight different ways, which you can then use to buy crypto. You can use SEPA, iDEAL, Giropay, Bancontact, Sofort, EPS, MyBank and Coinmerce itself.
Bitvavo also allows you to deposit money in various ways. To be precise, at Bitvavo you can deposit fiat money in five different ways, namely: iDEAL, SEPA, Bancontact, EPS and Giropay.
Which one of Coinmerce vs. Bitvavo is the best?
It’s not that one of the two exchanges is necessarily better. It depends on what you find important when looking for an exchange.
Is it crucial for you to keep the costs as low as possible or want to trade €1000 for 0 transaction fees? Then Bitvavo seems the right choice. Do you want to have as many staking options as possible? Then Coinmerce is the right choice.