Bitvavo exchange is one of the leading platforms for margin trading in cryptocurrencies in Europe. More than 50 different cryptocurrencies and tokens are represented on this exchange, as well as more than 70 trading instruments, including fiat currencies. Users can trade cryptocurrencies such as Bitcoin, Ethereum, Litecoin and many others. Bitvavo offers both hot and cold storage of funds, as well as provides convenient ways to deposit and withdraw money.

The exchange has two levels of verification: basic and advanced, meeting the requirements of AML (countering the legalization of proceeds from crime). Bitvavo also offers a standard affiliate program with referral payments. However, the exchange does not have a mobile application, and the trading terminal is only available in the browser version.

Commissions on Bitvavo are lower than the market average: for novice traders, they are 0.25% for the taker and 0.15% for the maker. The exchange has been officially operating since 2018 and covers 24 countries around the world. The company's headquarters are located in Amsterdam. Bitvavo operates under the supervision of European regulators, which ensures transparency of its activities.

On the platform, you can exchange and trade the most popular cryptocurrencies and tokens, freely converting them into euros. There are eight different channels available for withdrawals, including bank cards and accounts.

Trading conditions

One of the key advantages of the Bitvavo crypto exchange is the absence of a minimum deposit. You do not need to fulfill any conditions for depositing funds to start exchanging and trading cryptocurrency. Also, margin trading on Bitvavo does not provide leverage or the use of borrowed funds, which distinguishes it from many competitors and means that all transactions are performed using the trader's own funds, providing a more conservative approach to trading.

Here are the main points to consider when using Bitvavo: there is no minimum deposit; leverage is 1:1 (without using borrowed funds); support is available around the clock (24/7); basic and advanced AML verification is provided; commissions are below the market average, amounting to 0.25% for the taker and 0.15% for the maker. The trading terminal is available only in the browser version, which can be both a plus and a minus for various users.

Bitvavo offers both hot and cold storage of funds, as well as convenient channels for depositing and withdrawing money, including bank cards and accounts. The exchange has been officially operating since 2018 and covers 24 countries around the world, its headquarters are located in Amsterdam. Bitvavo operates under the supervision of European regulators, which ensures transparency of its activities. On the platform, you can exchange and trade the most popular cryptocurrencies and tokens, freely converting them into euros.

These characteristics make Bitvavo an attractive choice for those who are looking for a reliable and transparent platform for trading cryptocurrencies without the additional difficulties and risks associated with leverage.

Commissions and fees

The Bitvavo crypto exchange charges fees for all transactions, and the amount of commissions varies for the taker and the maker. The amount of fees depends on the trading level, which is determined by the volume of trade. There are nine trading levels in total. At the initial level, the commission is 0.25% for the taker and 0.15% for the maker. At the highest level, these rates are reduced to 0.04% and 0.01%, respectively.

There are no absolute fees for depositing funds, but there are relative fees depending on the channel used. For example, there is no commission for Bancontact, whereas for Sofort it is 2.25%, which is the highest rate. The limits on the maximum amount of input also vary. For example, there is no deposit limit for SEPA (bank transfer), but for iDeal the limit is 10,000 EUR.

Commissions and withdrawal limits depend on the asset being withdrawn. For example, for Cardano, the minimum withdrawal amount is 1 ADA, and the fee is fixed and always equal to 0.2 ADA. Withdrawal fees are fixed, not interest-based.

The type of account and the amount of the withdrawal fee are also important indicators. For a standard account, the market bid fee starts at 0.04%. Commission fees play a significant role for traders as they affect their income. Bitvavo has commissions below the market average, which distinguishes it from its closest competitors. For comparison, Bitvavo has an average commission of $0.04, which is considered a low level. Bitfinex has an average commission of $0.1, which is the average, and Bybit has a commission of $20, which is a high level.

Thus, Bitvavo offers competitive conditions for traders due to low commissions and flexible conditions for depositing and withdrawing funds, which makes it attractive to a wide range of users.

Crypto Storage Services (web platform + application)

Bitvavo is a custodial crypto exchange, which means the ability to store your crypto assets on the platform without time limit. If you are considering different cryptocurrency storage options such as Bitvavo, Ledger, Trezor and Binance, it is important to keep in mind that each of them has its advantages. Hardware wallets such as Ledger and Trezor provide the highest level of security, which makes them preferable for long-term storage of significant amounts. However, for the convenience of trading, many users prefer to leave some of their crypto assets on the exchange, and here Bitvavo is an excellent choice.

Bitvavo stands out for its simplicity and ease of use, offering storage of all cryptocurrencies supported on the platform. This makes the exchange attractive for those who actively trade and want to quickly access their assets. The platform is available both in the web version and in the application, which allows you to manage your cryptocurrencies and check their status anytime and anywhere.

The availability of a mobile application is a separate advantage of Bitvavo. This significantly increases the usability and flexibility of asset management, allowing traders to monitor their investments and make transactions directly from a mobile device. As a result, if you are looking for a platform that combines the convenience of trading and the ability to securely store cryptocurrencies, Bitvavo may be a great option.

Support for crypto assets

Supporting a variety of crypto assets is one of the key factors that people pay attention to when choosing an exchange platform. While this was not so relevant ten years ago, today there are a huge number of different cryptocurrencies and tokens available on the market. Portfolio diversification has become the norm, not the exception.

Many exchanges understand this and strive to add new tokens regularly. However, not all platforms keep up with the times and often offer only a limited set of basic coins and tokens. In this regard, Bitvavo stands out by supporting about 200 different crypto assets. This includes all major coins such as Bitcoin, Ethereum, Tether, Cardano and many others. This way, even if you are a day trader specializing in niche assets, you will be able to find your favorite tokens on Bitvavo.

Even if you don't have much experience working with cryptocurrencies and you are just starting out with storing BTC on Bitvavo or other platforms, the good news is that if you need to diversify your portfolio in the future, you will be able to do so on the same exchange. You don't have to register on several different platforms to buy several different cryptocurrencies.

While storing all assets on one exchange may not be the best practice from a security perspective, Bitvavo offers a convenience that is worth considering. If easy access to a variety of crypto assets and the ability to manage them on a single platform are important to you, Bitvavo may be an excellent choice.

Safety

Security should be a top priority for anyone interested in cryptocurrency. Exchanges, wallets, DeFi services and everything in between - if the platform you use is unsafe, you risk losing all your assets.

Exchanges are especially carefully checked for security. This is justified because many well-known platforms have already faced violations, putting their clients' assets at risk. In this Bitvavo review, it is worth noting that this exchange takes security issues seriously, as can be seen from the features and measures it uses to protect users and their funds.

First of all, Bitvavo uses cold storage for most of the user funds. Assets are stored on cold (hardware) wallet devices and are protected by strict security protocols. This is a standard measure in the industry, but it is very effective to protect against hackers and scammers.

In addition, the MultiSig function is used for large-scale transfers to Bitvavo. This means that large transactions must be approved in several stages, such as verification by Bitvavo team leaders and manual verification. This security measure has been time-tested and proven to be effective.

Bitvavo also conducts a combination of employee verification and security audits. All employees undergo a thorough background check and provide certificates of good behavior, which minimizes the possibility of intruders entering the exchange.

The Bitvavo platform cooperates with leading IT companies to conduct penetration tests and security audits. This ensures that the system is constantly checked and updated to protect against potential threats.

Additional security features include two-factor authentication, asset insurance, and Bitvavo vaults. Together, these measures provide confidence that Bitvavo is a secure platform for trading and storing cryptocurrencies. The exchange has a good reputation in security matters, as evidenced by its robust security measures and attention to detail.

Conclusion

Apparently, Bitvavo really offers its users a lot of advantages! The platform is rich in features, starting with simple things such as storing cryptocurrencies, and ending with more interesting aspects such as staking.

In addition, Bitvavo is known for its serious approach to cryptosecurity. The company behind the exchange has committed to using all important security measures that meet industry standards, as well as implementing some additional measures to protect users and their assets.

Another significant advantage of Bitvavo is its super competitive trading commissions. If you plan to actively trade on the stock exchange or invest in cryptocurrency on a long-term basis, these low fees can significantly affect your income.

However, it is worth remembering that the Bitvavo exchange is available only in the countries of the European Union. If you are outside the EU, you will have to look for alternatives. Binance and Bitvavo are often compared, as both platforms offer competitive services. If you need other options, you can find them in our list of the best cryptocurrency exchanges on the market.

Thus, Bitvavo offers a number of advantages, including a wide range of features, high security and low trading fees, which makes it an attractive choice for EU users.