Bitvavo Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Bitvavo trading signals. You will learn what kinds of trading signals Bitvavo offers and what the conditions for using them are.
Short introduction of 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).
| 💰 Account currency: | EUR, Cryptocurrencies |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, EUR |
| 💹 Margin Call / Stop Out: | No |
Bitvavo Pros and Cons
👍 Advantages of trading with Bitvavo:
•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.
👎 Disadvantages of Bitvavo:
•from fiat funds there are only euros;
•extended AML verification is required to access the full functionality.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
-
Email alerts.
-
Signals through a blog on the website.
-
Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Bitvavo Trading Signals
The Bitvavo crypto exchange charges commission fees on all trades, but fees differ for taker and maker. The amount of fees depends on the trading level, which is determined by the trading volumes. There are nine trading levels in total. At the lowest level, the commission is 0.25/0.15% for the taker/maker. At the highest level, 0.04/0.01% is for the taker/maker.
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 | Spread (minimum value) | Withdrawal commission |
| Standard | From 0.04% per market order | Yes |
Conclusion
Based on the results of the analysis of the Bitvavo trading signals, Traders Union analysts established that the conditions are average. The broker offers limited opportunities for the clients choose its trading signals. However, there are also benefits, which is why they can be considered for investment. Keep in mind that trading signals carry the risk of losses and make sure to use the rules of risk management.
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FAQs
Can I reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
How do I test the signals if I can’t do it on a demo account?
In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.
In which form can signals be provided?
Signals can be provided as copy trading, newsletters, alerts, blog articles, etc.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.