Bitvavo exchange review
Bitvavo is a centralized exchange that occupies #54 on Guru InvestingExchange Tracker. Bitvavo has trading volume US$349,528,966 in the last 24 hours and US$56,681,089,599 in the last 7 days.
Bitvavo currently has 223 cryptocurrencies, 1 paper currencies and 222 markets (cryptocurrency trading pairs). The most popular trading pair on Bitvavo is JASMI/EURO.
Compare Bitvavo next to other exchanges here: Exchange comparison tool.
Bitvavo is a centralized cryptocurrency exchange (CEX) located in Amsterdam. Founded in 2018, it offers spot trading and direct cryptocurrency purchases. Bitvavo’s cryptocurrency exchange solutions are optimized for professional traders and financial institutions.
Bitvavo complies with EU cryptographic regulations and adheres to Know your customer (KYC) rules. Only residents of the EU, EEA, Gibraltar, Switzerland and UK can access Bitvavo spot trading services. The platform is available on desktop and mobile devices.
Markets
The exchange has different modes for individual and institutional traders. Bitvavo spot market is the only trading service on the platform as the platform does not offer derivatives markets. Margin and leverage trading are not available. All transactions are carried out using central limit order book (CLOB).
Bitvavo facilitates crypto-crypto and crypto-fiat trading. euro (EUR) — the main fiat currency presented on the platform. Users can find over 180 digital assets and over 150 Bitvavo trading pairs.
The platform supports popular payment methods for Europairs, including Sepa, SoFort, MyBank and Giropay. By default, all Bitvavo cryptocurrency prices are expressed in euros. If the client purchases assets from a country outside the Eurozone, the price is converted automatically.
Trading fees on the platform are based on Bitvavo traders’ rolling 30-day volume. All values are denominated in euros. Deposits and withdrawals via SEPA transfers are free.
The commission structure follows a multi-tier producer-receiver model. There are nine levels in total. Bitvavo’s base exchange fee rate is 0.15% and 0.25% respectively. If the transaction volume exceeds 100,000 euros, the commission is reduced to 0.10% and 0.20%. For traders whose amount exceeds €25 million, the maker-taker fee is 0.03% and 0.04% respectively.
The absolute deposit commission rate is zero. However, depending on the chosen payment method, such as Giropay or PayPal, applicable fees may apply. The selected payment method also limits the maximum deposit amount.
There are no fixed fees for withdrawing Bitvavo funds in cryptocurrency. The rate may vary depending on the selected withdrawal assets and network congestion. The minimum withdrawal amount is also determined by the selected cryptocurrency.
About company
Cryptocurrency exchange Bitvavo was founded Mark Nouvelstein, Tim Baardse and Jelle de Boer in 2018. It is considered one of the largest centralized exchanges in Europe. He is registered in Netherlands Bank (DNB). The company’s headquarters is registered in Amsterdam, the Netherlands.
The company is a member United Bitcoin Companies of the Netherlands (VBNL), a monitoring body for self-regulatory companies. In 2021, the platform was recognized as the best public solution at the Dutch Blockchain Awards.
In March 2022, Bitvavo signed a partnership agreement with Royal Dutch Football Association (KNVB). The goal of the collaboration is to explore the possibilities of digital innovation in traditional sports.
In October 2022 it was reported that Bitvavo’s total trading volume exceeded 100 billion eurosAnd user base exceeded 1.5 million people. It is considered the largest cryptocurrency exchange in the Netherlands.
Mark Nuvelstijn is the CEO of the Bitvavo cryptocurrency exchange. He is an entrepreneur and lawyer who received his Master of Laws from the University of Groningen in 2017. Prior to founding Bitvavo, Nouvelstijn worked as a tax lawyer at Loyens & Loeff.
Jelle de Boer and Tim Baardse are co-founders of the Bitvavo crypto exchange. Along with Nuvelstijn, they were named among Quote’s Top 100 Young Millionaires in 2022.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
