Crypto Exchanges
Bitvavo Crypto Exchange Review 2023 – Is Bitvavno.com Legit or a Scam?
Bitvavo.com is the leading European cryptocurrency exchange with 1M+ users. User-friendly platform, Euro deposits, ideal for beginners and experienced traders.
Bitvavo Cryptocurrency Exchange: An Overview
Bitvavo is a Netherland-based cryptocurrency exchange and is considered to be one of the largest cryptocurrencies in European countries. Bitvavo trading platform started as a broker back in 2017 but later on, converted into a crypto exchange. It has a very good reputation in European countries and has more than 1,000,000 registered and active users.
The uniqueness of Bitvavo.com crypto exchange lies in its simple and user-friendly interface that it suits all kinds of users. It is developed and designed in such a way that it has become the 1st choice of beginners, experienced and instructional clients residing in Europe. The significant features of Bitvavo is that supports fiat currency and allows users to deposit in Euros which gives a sense of safety and security with a traditional mindset.
Service and Features of Bitvavo Trading Platform
If we talk about the features of the Bitvavo.com trading platform, it has multiple services and feature which intrigues the user to consider it as the top priority. It supports 160+ cryptocurrencies, working at a global level and supports multiple languages. Staking, selling and purchasing of cryptocurrencies are the significant features of the Bitvavo crypto exchange because the exchange offers simple and convenient ways to manage the assets.
- Staking over Bitvavo.com
Bitvavo cryptocurrency is best known for staking. In a layman’s concept, crypto beginners who don’t have much knowledge about crypto can hold their digital assets in the exchange wallet and earn rewards on the holding amount. Bitvavo.com exchange supports 16+ cryptocurrencies and users can stake all of those currencies to earn easy rewards.
- Sell and Purchase Crypto for Fiat
Bitvavo offers a simple way of purchasing crypto. You simply have to deposit the fiat currency (Euro) into the account. You’ll see the list of 160+ cryptocurrencies, click on the desired coin and buy in easy steps. This exchange has a default program which gives the calculated revenue upon selling or purchasing crypto with fiat currency in Euros.
Bitvavo Supported Currencies and Countries
Whenever customers look for an exchange to invest or trade, a variety of cryptocurrencies is the top priority. Bitvavo cryptocurrency exchange offers 160+ along with significant digital assets like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Cardano (ADA), Binance coin, Avalanche (AVAX )and many others. Bitvavo supports both types of coins i.e., altcoins and meme coins. Mainly it is the best exchange for European countries but its services are extended at the global level.
Fee Structure of Bitvavo Crypto Exchange
In trading, Takers pays a 0.25% fee, which is standard in the industry. Makers, however, enjoy a discount with a 0.15% fee. Moreover, the more a trader trades, the lower the fees become. For takers, fees can drop to 0.04%, and for makers, they can decrease to 0.03%, based on the trading volume in the last 30 days.
Security and Privacy Concerns –Is it safe?
Yes, Bitvavo is considered to be the most secure and reliable cryptocurrency exchange. When a person registers for the exchange, he will have to submit the basic documents and verify his ID or passport to use the exchange. Moreover, Bitvavo employs the KYC (Know-your-Customer) verification processes to ensure the safety and security of the users’ digital assets.
Pros and Cons
Pros
- Intuitive mobile app
- Staking rewards up to 10%
- Deposit with fiat current in Euros
- User-friendly interface
- Low trading fee structure
- Uses KYC authentication process
Cons
- Not available for US investors
- Customer support isn’t a strong aspect
Concluding Remarks
My experience with Bitvavo.com has been positive overall. The website is user-friendly, the trading platform is easy to use, and they provide a diverse range of cryptocurrencies at competitive prices. Transactions occur swiftly with transparent costs. Bitvavo demonstrates thorough attention to security, evident in the detailed security measures outlined on their platform and wallet page. The exchange prioritizes safeguarding customer data by taking extensive measures to ensure safety and security.
