Bitvavo vs blockfi: Fees, Coins, Safety Comparison
| Feature | Bitvavo | blockfi |
|---|---|---|
Overall |
3.6 |
3.3 |
4.1 |
4.0 |
|
3.5 |
3.5 |
|
4.4 |
1.5 |
|
Investment Instruments |
1 |
3.1 |
Platforms and Charting Tools |
3.9 |
3.8 |
Deposit and Withdrawal |
3.7 |
3.2 |
Research |
4.1 |
2.6 |
Education |
3.7 |
1.0 |
Support |
3.5 |
4.8 |
Bonuses |
3.7 |
4.0 |
|
Your capital is at risk.
|
Bitvavo vs blockfi: Pros and Cons
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).
BlockFi, a crypto trading platform, was officially founded in 2017 by Zac Prince and Flori Marquez. The company aims to offer financial assistance to investors in the crypto market and helps you earn money via interest accounts.
| Bitvavo | blockfi | |
|---|---|---|
| Overall Pros | no minimum deposit; | 2 FA Authentication |
| many trading pairs, including pairs with fiat funds; | Low Minimum Deposit | |
| Passive Income With Staking | ||
| in the trading terminal there’s not only the crypto exchange but also the exchanger; | Low Fees | |
| operating commissions are below the market average; | SIPC Protection | |
| a serious level of verification to ensure safety; | ||
| suitable for both beginners and experienced traders; | ||
| Overall Cons | from fiat funds there are only euros; | Max Leverage – 1:1 |
| extended AML verification is required to access the full functionality. | 1 Account Fiat Currencу + 8 Crypto | |
| Limited Education | ||
| Indicators Not Available | ||
| Limited choice of cryptocurrencies | ||
| Derivatives, NFT, ETF Not Available |
Bitvavo vs blockfi: Safety and Regulation
| Regulated By: | Bitvavo | blockfi |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
De Nederlandsche Bank |
Regulated in 5 States in the USA |
Bitvavo vs blockfi: Trading Conditions
| Trading Conditions | Bitvavo | blockfi |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
Bitvavo |
BlockFi |
Max Leverage (Futures) |
44562 |
1:1 |
Number of Markets |
175+ |
8 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
EUR, Cryptocurrencies |
USD + Crypto |
Bitvavo vs blockfi: Fees
Trading Fees
| Fee | Bitvavo | blockfi |
|---|---|---|
Max Maker |
0.15% |
1% spread |
Max Taker |
0.25% |
1% spread |
Min Maker |
0.03% |
1% spread |
Min Taker |
0.04% |
1% spread |
Debit/Credit Card Purchase Fee |
Not supported |
$10 |
Futures Trading fees
| Fee | Bitvavo | blockfi |
|---|---|---|
Max Maker |
Not supported |
not supported |
Max Taker |
Not supported |
not supported |
Min Maker |
Not supported |
not supported |
Min Taker |
Not supported |
not supported |
Non-Trading Fees
| Fee | Bitvavo | blockfi |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
EPS Überweisung 1.75%, Giropay 1.75%, MyBank 1.50%, Sofort 2.25% |
No |
Bank Transfer Withdrawal Fee |
Not supported |
0 |
Debit/Credit Card Withdrawal Fee |
Not supported |
$10 |
BTC Withdrawal Fee |
0.00006 BTC |
- |
Inactivity Fee |
No |
No |
Bitvavo vs blockfi: Trading Assets
| Asset Name | Bitvavo | blockfi |
|---|---|---|
Overall |
175+ |
|
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
No |
Uniswap (UNI) |
Yes |
No |
Ripple (XRP) |
Yes |
No |
Polkadot (DOT) |
Yes |
No |
Cardano (ADA) |
Yes |
No |
Stellar (XLM) |
Yes |
No |
IOTA (MIOTA) |
Yes |
No |
Tron (TRX) |
Yes |
No |
Derivatives (Futures) |
No |
No |
NFT |
No |
No |
Crypto ETF |
No |
No |
Bitvavo or blockfi: Investment Programs
| Asset Name | Bitvavo | blockfi |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
No |
Trading Platforms: blockfi or Bitvavo
| Bitvavo | blockfi | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: blockfi or Bitvavo
| Bitvavo | blockfi | |
|---|---|---|
SMS Based 2 FA |
No |
No |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
No |
Filters |
Yes |
No |
Technical Analysis: blockfi or Bitvavo
| Bitvavo | blockfi | |
|---|---|---|
Indicators |
Yes |
No |
Drawing tools |
Yes |
No |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: blockfi or Bitvavo
| Bitvavo | blockfi | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: blockfi or Bitvavo
| Bitvavo | blockfi | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
Yes |
No |
Trailing Stop |
No |
No |
Bitvavo vs blockfi: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Bitvavo | blockfi |
|---|---|---|
Bank Transfer |
Yes (Only Deposit) |
Yes |
Credit/Debit Card |
No |
No |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
Bitvavo vs blockfi: Research
| Research Type | Bitvavo | blockfi |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
Bitvavo vs blockfi: Education
| Education Type | Bitvavo | blockfi |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
No |
Articles |
Yes |
No |
Videos |
No |
No |
Webinars |
No |
No |
blockfi vs Bitvavo: Support
| Support Features | Bitvavo | blockfi |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
No |
Telegram |
Bitvavo vs blockfi: Crypto Bonuses and Promo
| Promo | Bitvavo | blockfi |
|---|---|---|
Crypto Bonus |
No |
The BlockFi Bitcoin Rewards Credit Card gives you 1.5% back on all purchases done on Bitcoin. Plus, you earn a BTC bonus worth $250 after you spend $3,000 in the initial 3 months, and also 3.5% Bitcoin rewards on everything you buy in the first 90 days of Bitcoin Rewards Credit Card |
Affiliate Program |
A user who registers by following your link will bring you 15% of the exchange commission for each transaction. |
When your referral signs up and deposits funds $100 and above, Blockfi gives you both $10 in BTC. |
|
Your capital is at risk.
|
Top 5 Reviews on blockfi
-
Comment
I am 100% confident in the reliability of BlockFI. I have been cooperating with it since it was founded in 2017. For all the time, there have never been any security problems, and hackers have not encroached on the platform, since there are no technical vulnerabilities here. I did not find any design flaws, the terminal is typical, but this does not affect its functionality in any way. I travel a lot, so I really appreciate the possibilities for mobile trading. I use the referral program for additional earnings, but I have not reached any investment decisions, although I heard from friends that the rates are profitable.
-
Comment
This cryptocurrency exchange is full of newbies and I understand why. This platform has made the conditions as comfortable as possible for those who are just starting their way in the financial markets. I liked the simplified registration and verification, the intuitive terminal, and the high-quality customer service. Support is available 24/7, and there are several channels to communicate with the support team. Technical support is sensible, and all issues are resolved promptly.
-
Comment
This crypto exchange has favorable trading conditions, but I came here not for trading or the exchange, but for investing. I learned from a friend that you can earn more money by staking with a freeze of a deposit than by bank deposits. Depending on the type of asset, they pay up to 8% per annum. You can withdraw your money at any time, but you need to understand that in this case, the total amount of payments will be reduced. Interest is paid monthly, and you don't have to wait long. Of the minuses, there are limits for withdrawing funds from the platform and commissions for withdrawing profit.
-
Comment
If you are counting on Blockfi, you are clearly in vain! This is a great way to drain money, nothing more. At one time, I hoped for this company, and went bankrupt ...
-
Comment
I recently started trading on the crypto market, but my experience is still minimal. For six months, I managed to test 3 exchanges, including BlockF. I stopped on this platform because there are no restrictions on trading strategies, and commissions for trading and exchanging digital currencies are zero. Even beginners will feel comfortable on this site - the registration and verification process takes a minimum of time, and there are no problems. Dealing with the terminal will not be a problem either, since it is simple and straightforward in terms of functionality. My verdict: this exchange is excellent, and you can trust it.
Top 5 Reviews on Bitvavo
-
Comment
While Bitvavo offers a user-friendly interface and a decent range of cryptocurrencies, my experience has been marred by frequent technical issues and slow transaction processing times. Additionally, customer support is lacking, with long wait times for responses to inquiries. Overall, Bitvavo falls short of providing a reliable and satisfactory crypto trading experience.
-
Comment
There is nothing to do on the Bitvavo exchange. Not because they are scammers, but because. that the trade here is very strange. Everything happens within the company. Everything is raw, but the commissions are exorbitant. In general, who understands what I mean - he will pass by.
-
Comment
My last withdrawal was delayed for a month. To be honest, I didn’t even hope to get my money, so many nerves went into all this, that now I want moral damage so that they pay!
-
Comment
In terms of commissions, I have seen more profitable exchanges, where it reaches 0.07%. Bitvavo may seem like a less interesting option in this regard, but there is one big “but”: this exchange is proven. I have been trading on it for more than a year, and I consider the conditions here to be optimal. There are cryptocurrencies, there is fiat, with replenishment, withdrawal and, most importantly, the terminal, everything is fine. That is, they are fast, there are no delays. At the same time, however, there is no mobile application, so I could devote more time to trading. But the security here is definitely at a high level. And there is a license. Under such conditions, it is not a pity to overpay a little for a commission. Anything is better than worrying about whether they will withdraw my money? They will definitely withdraw from Bitvavo.
-
Comment
I think Bitvavo is very popular among crypto traders. This trading platform has a customer-oriented policy and I believe that over time it will remove Binance and other exchanges from the top. There are plenty of trading tools, as well as ways to deposit and withdraw funds, even fiat funds. The advanced AML verification gave me a little surprise, but thanks to the support, who explained everything in detail, I managed to pass the verification.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
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.