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
- 30 €
- Proprietary platform
- A serious verification system and trading with a personal manager is available
Our Evaluation of BTC Direct
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
BTC Direct is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.49 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BTC Direct clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
BTC Direct is a modern cryptocurrency exchange with comfortable technical tools and favorable trading terms. The service’s proprietary trading terminal comes in two versions – web and mobile. A hardware wallet can be purchased for trading convenience and reliability. All cryptocurrencies traded on the exchange are freely exchangeable for euros and US dollars.
Brief Look at BTC Direct
The BTC Direct (pronounced “Bitcoin Direct”) platform is a cryptocurrency exchange and trading service. It presents the following cryptocurrencies on the platform: Ethereum, Litecoin, Bitcoin Cash, and Ripple. All assets are euro-pegged except those that are US dollar-pegged. It is the same at most crypto exchanges. The company is based in the Netherlands, and the service is fully localized in six European languages. The site offers its users a separate cryptocurrency wallet for each currency. Also, several models of the latest generation hardware wallets can be purchased from BTC Direct. There is a standard affiliate program and the possibility of investing fiat funds in cryptocurrency. Investors have access to exclusive market analysis and a personal consultant.
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- major cryptocurrencies are traded on the exchange and are euro-pegged;
- simple and convenient trading terminal interface;
- Cryptocurrencies are sold and purchased in three clicks;
- the minimum deposit is 30 euros;
- low commissions and discounts for big trades;
- comprehensive knowledge base and guides on cryptocurrencies;
- regular masterclasses (including upon request);
- the ability to exchange cryptocurrencies for fiat funds.
- all materials and technical support are in six European languages only;
- the website doesn’t plan to introduce additional cryptocurrencies;
- advanced AML verification (no basic verification).
TU Expert Advice
Author, Financial Expert at Traders Union
BTC Direct is a cryptocurrency exchange offering a proprietary trading platform available in web and mobile versions. Traders can exchange major cryptocurrencies like Bitcoin, Ethereum, and Litecoin, all limited to EUR or USD. The platform provides an intuitive interface and facilitates transactions in three clicks, making it user-friendly for both novice and experienced traders. Additional features include a comprehensive knowledge base, low fees with tiered discounts, and the option to purchase hardware wallets for enhanced security.
On the downside, BTC Direct supports a limited range of cryptocurrencies, and offers materials and support only in six European languages. Additionally, an advanced AML verification is required, which may be cumbersome for some users. The exchange is regulated by the Dutch Central Bank but lacks broader international certifications, which could be a concern for traders seeking robust security. The platform is likely more suited for European traders looking for straightforward transactions with major cryptocurrencies, rather than those interested in a wider array of assets or emerging markets.
- You seek regulation, as the exchange is registered with the Dutch Central Bank (DNB), providing some level of regulatory oversight, which can offer users a sense of security and trust in the platform's operations.
- You are looking for ease of use. With a user-friendly website and mobile app, this exchange simplifies the process of buying and selling Bitcoin, making it accessible to users of all experience levels.
- You dislike Geographic restrictions, as services are primarily available in European countries, limiting access for users outside of this region.
- You don’t prefer a mixed regulatory environment. While the exchange is registered with the Dutch Central Bank, the regulatory landscape around this exchange for cryptocurrencies is still evolving, and compliance requirements can vary across regions, potentially leading to uncertainty for users.
BTC Direct Summary
💻 Trading platform: | Proprietary platform |
---|---|
📊 Accounts: | Standard |
💰 Account currency: | Individual wallet for each currency |
💵 Deposit / Withdrawal: | Bank cards, bank transfers, iDEAL, and Giropay payment systems |
🚀 Minimum deposit: | Euro 30 |
⚖️ Leverage: | 1:1 |
💼 PAMM-accounts: | No |
📈️ Min Order: | From 0 |
💱 Commission: | Spot: 1%-2% |
🔧 Instruments: | 20 supported coins, Fiat. |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Order execution: | n/a |
⭐ Trading features: | A serious verification system and trading with a personal manager is available |
🎁 Contests and bonuses: | n/a |
The BTC Direct (pronounced “Bitcoin Direct”) platform is a cryptocurrency exchange and trading service. It presents the following cryptocurrencies on the platform: Ethereum, Litecoin, Bitcoin Cash, and Ripple. All assets are euro-pegged except those that are US dollar-pegged. It is the same at most crypto exchanges. The company is based in the Netherlands, and the service is fully localized in six European languages. The site offers its users a separate cryptocurrency wallet for each currency. Also, several models of the latest generation hardware wallets can be purchased from BTC Direct. There is a standard affiliate program and the possibility of investing fiat funds in cryptocurrency. Investors have access to exclusive market analysis and a personal consultant.
BTC Direct Key Parameters Evaluation
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Regulation and safety
BTC Direct received a score of 3.25/10, indicating a low level of security and regulatory compliance. This suggests that the platform may lack essential protections, and users should exercise extreme caution.
- No successful hacks history
- 2FA
- No facial recognition
- No investor protection fund
BTC Direct Security Factors
We also compared BTC Direct against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
BTC Direct | OKX | Kraken | |
Tier-1 regulation | - | No | Yes |
Government-regulated | - | Yes | Yes |
Investor protection fund | No | Yes | No |
2FA | Yes | Yes | Yes |
Facial recognition | No | Yes | No |
Cold wallet storage | No | Yes | Yes |
Successful hacker attacks | No | No | No |
Is BTC Direct a regulated crypto exchange?
BTC Direct is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean BTC Direct is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at BTC Direct?
Yes, KYC verification is mandatory at BTC Direct. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is BTC Direct available?
BTC Direct complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, India, Nigeria, Malaysia, South Africa, Australia, Canada, Pakistan, Philippines, Israel, Singapore, Indonesia, Kenya, UAE, Iran, Islamic republic, Turkey, Bangladesh, Thailand, Egypt, Sri Lanka, Saudi Arabia, Brazil, Vietnam, Japan, Uganda, Ghana, Morocco, Korea, Algeria, Azerbaijan, Argentina, Peru, Chile, China, Mexico, Kazakhstan, Uzbekistan, Colombia, Moldova, Kyrgyzstan, Venezuela, Ireland, Georgia, Tajikistan, Armenia, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact BTC Direct support.
Is BTC Direct available in the USA?
Yes, BTC Direct is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
BTC Direct commissions and fees
BTC Direct received a 6.45/10 score for its trading fees. While BTC Direct is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- No deposit fee
- No Withdrawal fee
- No P2P fee
- Spot fee above industry average
What are BTC Direct trading fees?
We analyzed BTC Direct’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
BTC Direct trading fees vs competitors
BTC Direct | Nexus Trade | Paxful | Industry average | |
Spot, maker fee (%) | 1 | 0,22 | 0 | 0.15 |
Spot, taker fee (%) | 2 | 0,22 | 0 | 0.194 |
What are BTC Direct deposit and withdrawal fees?
Deposit fee, % | 0 |
Withdrawal fee, % | 0 |
Does BTC Direct offer P2P trading?
Yes, BTC Direct offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.BTC Direct P2P Fees
BTC Direct | Binance | Bybit | |
P2P maker fee (%) | 0 | 0,1 | 0 |
P2P taker fee (%) | 0 | 0,1 | 0 |
Deposit and withdrawal
BTC Direct received a 8.5/10 rating for its deposit and withdrawal services. BTC Direct supports a wide range of payment methods with low or no fees, ensuring fast and convenient transactions.
- No deposit fees
- Bank cards accepted for instant deposits
- Many cryptocurrencies for deposits and withdrawals
- No withdrawal fee
- No Google Pay option
Deposit and withdrawal options
BTC Direct supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto, PayPal, Apple Pay.
BTC Direct Deposit and withdrawal options vs competitors
BTC Direct | OKX | Kraken | |
Bank transfers | Yes | No | Yes |
Bank card | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes |
PayPal | Yes | No | Yes |
What is BTC Direct minimum deposit?
The minimum deposit at BTC Direct is 30 USD/USDT or 0,001 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
BTC Direct minimum deposit vs competitors
BTC Direct | OKX | Kraken | |
Minimum deposit, USD or USDT | 30 | 10 | 10 |
Minimum deposit, BTC | 0,001 | 0,0005 | 0,0001 |
Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does BTC Direct support fiat money?
BTC Direct supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
BTC Direct received a score of 2/10 in this category, indicating a modest offering of assets and markets. While BTC Direct covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Other supported products
- Staking not available
- Crypto options not available
BTC Direct supported coins and markets vs competitors
We compared BTC Direct with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
BTC Direct | OKX | Kraken | |
Supported coins | 20 | 329 | 278 |
Futures/Perpetual contracts | No | Yes | Yes |
Options | No | Yes | No |
NFTs | No | Yes | Yes |
BTC Direct passive income options vs competitors
We also compared BTC Direct with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
BTC Direct | OKX | Kraken | |
Staking | No | Yes | Yes |
Yield farming | No | Yes | Yes |
Copy trading | No | Yes | Yes |
Contacts
Foundation date | 2013 |
---|---|
Registration address | Wijchenseweg 102, 6538 SX Nijmegen, The Netherlands |
Official site | btcdirect.eu |
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