Bitvavo Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Own platform
- All major cryptocurrencies and euros are traded, in addition to margin trading, there is an exchanger, low commissions, AML verification
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Own platform
- All major cryptocurrencies and euros are traded, in addition to margin trading, there is an exchanger, low commissions, AML verification
Our Evaluation of Bitvavo
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Bitvavo is a reliable cryptocurrency exchange with the TU Overall Score of 7.82 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bitvavo clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.
The Bitvavo crypto exchange has been officially operating since 2018, is represented in 24 countries of the world, and is headquartered in Amsterdam. It operates under the auspices of European regulators, the company's activities are transparent. The most popular cryptocurrencies and tokens are presented in the exchanger and on the crypto exchange, which can be freely converted into euros and withdrawn using any of eight channels (including bank cards and accounts).
Brief Look at Bitvavo
The Bitvavo exchange is one of the most popular platforms for margin trading in cryptocurrencies in Europe. More than 50 cryptocurrencies and tokens are traded on the exchange. In total there are over 70 trading instruments, including fiat funds. On Bitvavo you can trade Bitcoin, Ethereum, Litecoin, and other cryptocurrencies. There is a hot and cold storage method, and convenient input/output channels are provided. There is basic and advanced AML verification, a typical affiliate program with referral payments. The cryptocurrency exchange does not have a mobile application, its own trading terminal is available only in the browser version. Commissions are below the market average: for the entry-level - 0.25/0.15% (for the taker/maker, respectively).
- no minimum deposit;
- many trading pairs, including pairs with fiat funds;
- in the trading terminal there’s not only the crypto exchange but also the exchanger;
- operating commissions are below the market average;
- a serious level of verification to ensure safety;
- suitable for both beginners and experienced traders;
- the crypto exchange operates under an official license.
- from fiat funds there are only euros;
- extended AML verification is required to access the full functionality.
TU Expert Advice
Financial expert and analyst at Traders Union
The Bitvavo crypto exchange has been operating on the global market for more than three years under the auspices of international regulators. The license has been verified, and its activity has been confirmed. Trading volumes are regularly increasing, the number of active users and trading instruments is growing. There are more than seventy of them. Of the fiat currencies, only EUR is represented.
Tokenized assets - Basic Attention Token, VeThor Token, order execution, stop orders, market execution, and both hot and cold storage methods for cryptocurrencies are presented. There is a stop loss and take profit function, but scalping strategies are not allowed. The trading terminal functionality is defined as comfortable for margin trading. There are several original solutions. Advanced technological innovations have been implemented to ensure the security of trades and user wallets.
The crypto exchange does not offer investment programs, except there is a typical referral program with payments of a part of referral commissions. There are no tutorials or guides either. Nevertheless, due to the simple basic verification, low entry threshold, and intuitive functionality, Bitvavo crypto exchange can be recommended not only for professionals but also for novice traders.
Bitvavo Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Own platform |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | EUR, Cryptocurrencies |
| 💵 Replenishment / Withdrawal: | EPS Überweisung, MyBank, Sepa, Sofort, Giropay, iDeal |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, EUR |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No data |
| ⭐ Trading features: | All major cryptocurrencies and euros are traded, in addition to margin trading, there is an exchanger, low commissions, AML verification |
| 🎁 Contests and bonuses: | No data |
One of the important advantages of the Bitvavo crypto exchange is the nonexistence of a minimum deposit. You do not need to fulfill any deposit conditions to exchange and trade cryptocurrency. There is no leverage or the use of borrowed funds for margin trading on the crypto exchange. Thus, in terms of trading conditions, Bitvavo is somewhat different from its competitors. Below are the main points to consider.
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Commissions & Fees
There are no absolute deposit fees, but there are relative fees that depend on the channel used. For example, there is no commission for Bancontact, while for Sofort it is the highest at 2.25%. Limits on the maximum amount of input also differ. For example, there is no deposit limit for SEPA (bank transfer), but for iDeal, the limit is EUR 10,000.
There are also commissions and withdrawal limits, but in this case, everything is determined by the withdrawn asset. For example, for Cardano, you can withdraw at least ADA 1, the fee is always strictly ADA 0.2. Withdrawal fees are not interest-based but fixed.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | From 0.04% per market order | Yes |
Commission fees are an important indicator for any crypto exchange, as their value affects the trader's earnings. Bitvavo has below market average commissions, and here's a comparison with its closest competitors:
| Broker | Average commission | Level |
|---|---|---|
|
$0.04 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
The Bitvavo crypto exchange does not provide investment programs. Platform users can only earn by buying/selling cryptocurrencies. A referral program can be considered a source of passive income.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Bitvavo’s affiliate program
The Bitvavo crypto exchange has a standard referral program. But it still has some differences from most similar programs offered by other cryptocurrency exchanges. The user does not need to take any additional steps, the algorithm is simplified as much as possible:
After registration on the site, a referral link will be available in the user's personal account.
A referral link can be provided to someone personally, placed on your blog, channel, or public venue.
A user who registers by following your link will bring you 15% of the exchange commission for each transaction.
All information on referral payments is presented in the section of the same name of the personal account. The referral status is unlimited and the invited user will bring you income all the time while trading on the exchange.
User Satisfaction