Unlocking Crypto Excellence: The Ultimate Bitvavo Review and Guide


Venturing into the dynamic world of cryptocurrencies? Eager to dive into Bitcoin or explore other digital assets? Bitvavo stands as your user-friendly portal to buy or sell cryptocurrencies with ease. Whether you seek experiences, a guide, or just more information, you’re in for a treat. Discover the reliability, safety measures, and unique features that set Bitvavo apart.

Is Bitvavo Your Crypto Safe Haven? Unraveling Reliability

Bitvavo, a Dutch platform, offers a seamless experience for crypto enthusiasts. Wondering about its reliability? Rest easy. The company is registered with De Nederlandsche Bank, the local regulator in Holland, and adheres to the European anti-money laundering directive AMLD5. To use Bitvavo’s services, identity verification is a must. However, the process is swift, with automated ID approval within minutes. Upholding anti-money laundering standards, linking a personal bank account to Bitvavo requires a small transfer.

Bitvavo isn’t just reliable; it’s an A brand, earning the trust of the KNVB. Since March 2022, Bitvavo proudly sponsors the Dutch soccer team Oranje as one of the main sponsors.

A note of caution: While De Nederlandsche Bank registration ensures adherence to anti-money laundering regulations, it doesn’t imply supervision of financial requirements or business risks. Specific financial consumer protection is not guaranteed.

Shielding Your Assets: Third Party Funds Foundation

Bitvavo takes an extra step to secure customer assets. The creation of the Bitvavo Payments Foundation segregates customers’ money from Bitvavo’s funds. In case of Bitvavo’s bankruptcy, customers’ assets, stored in the third-party funds, remain untouched and inaccessible to creditors. This protective measure aims to prevent incidents witnessed with the collapse of platforms like FTX, where customer funds were compromised.

It’s worth noting that Bitvavo stores your bitcoin 1 to 1, ensuring retrievability. For those preferring complete ownership, transferring purchased bitcoin to a personal hardware wallet like NGRAVE is recommended. However, caution is advised with the ‘staking’ service, where Bitvavo might lend your bitcoin, introducing an element of risk.

Navigating Bitvavo: A User-Friendly Expedition

Ready to tread the Bitvavo waters? The platform offers a simple interface catering to both beginners and advanced users. A glance at the platform reveals balances and options for buying various cryptocurrencies. The buying process is intuitive; select your cryptocurrency, determine the amount, and initiate the purchase. The seamless transaction adds the acquired cryptocurrency to your Bitvavo wallet instantly.

Bitvavo platform buy bitcoin
Buy Bitcoin on Bitvavo

Bitvavo assures security through cold wallets and undergoes regular security audits. However, the adage ‘not your keys, not your coins’ emphasizes the importance of personal hardware wallets, especially for substantial cryptocurrency holdings.

Calculating the Costs: Bitvavo’s Cost-Effectiveness

In the realm of cryptocurrency, costs matter. Bitvavo emerges as one of the most cost-effective platforms in the Netherlands and Europe. Comparisons indicate that you get more value for your money at Bitvavo, courtesy of lower costs. New customers enjoy the perk of no costs on the first €1,000 or sometimes €10,000 of orders.

How to stake crypto at Bitvavo?

Staking cryptocurrency has become very popular in the recent years, due to attractive rewards. At Bitvavo, click on your account name at the top right and then choose ‘settings’. Here you will have the option under ‘Rewards’ to separately enable the ‘Staking’ or ‘Lending’ rewards. If you enable the Staking option, all crypto coins you own on Bitvavo will automatically be used for staking, at least if this option is available. If you enable the Lending option, the coins for which this is possible will automatically be used for lending.

If you do not wish to use staking or lending, make sure this option is disabled.

How much staking or lending returns do you get at Bitvavo?

On the Bitvavo website or in the app you can consult per coin which rewards you have already earned.

Let’s take the example of Bitcoin. Click through to the Bitcoin detail page on the Bitvavo platform and then choose ‘Rewards’ in the menu at the top. This way you will see an overview of the lending rewards you have earned on bitcoin. If you click on lending, you will get an overview of the other crypto coins for which lending is available. Here you can see the percentages that each coin potentially yields.

Would you like to view the on-chain staking returns? On the Bitvavo platform, view the Ethereum detail page and click on Rewards at the top. You can then click on Staking to get an overview of other cryptocurrencies available for on-chain staking.

Don’t want to expose all your crypto coins to the risks of staking? Then use your own cold wallet to store part of it for the long term. For the part that you leave on Bitvavo, you can then set the staking or lending option to active.

Bitvavo Advanced: Elevating Your Trading Experience

For seasoned traders, Bitvavo’s advanced platform offers a deeper dive into the trading landscape. Providing insights into market depth, the left side showcases buy and sell orders at different prices. Central to this trading platform are the robust charts of Tradingview, allowing for detailed technical analysis. The right side offers an overview of all executed trades on the platform, adding a layer of transparency to your trading journey.

Bitvavo advanced

In Conclusion: Bitvavo as Your Crypto Companion

In the ever-evolving world of cryptocurrencies, Bitvavo emerges not just as a platform but as a companion on your crypto journey. This review and guide intend to unravel the layers of Bitvavo, making your entry into the crypto universe seamless, secure, and insightful. Whether you’re a novice or a seasoned trader, Bitvavo beckons, promising a crypto experience like no other. Let your crypto journey begin with Bitvavo by your side.