BTCdirect Review

Details

Broker	BTCdirect
Website URL	www.btcdirect.eu
Founded	2013
Headquarters	Wijchenseweg 102 6538 SX Nijmegen, The Netherlands
Support Number	+31 24 7000 700
Support Types	Phone, Email, Live Chat, Twitter, Facebook
Languages	Dutch, English, French, Spanish, Austrian, German, Swiss
Trading Platform	BTCdirect own trading platform on their website
Minimum 1st Deposit	€10
Minimum Account Size	€1
Minimum Trade Amount	€30
Maximum Trade Amount	None
Bonus	Lower fees at higher transactions
Payout	Within 10 minutes the bought coins will show up in your account
Leverage	No leverage trading is available at BTCdirect
Spread	BTCdirect doesn't charge any spreads
Free Demo Account
Regulated
Regulation	Regulated and licensed by Dutch Chamber of Commerce
Fees
Fee Info	2% buying 1% selling
Commissions
Commission Info	2% buying 1% selling
Account Types	Standard Account
Deposit Methods	bank wire transfer, credit card / debit card, iDEAL, Bancontant, GiroPay, Sofort, EPS
Withdrawal Methods	bank wire transfer, credit card / debit card, iDEAL, Bancontant, GiroPay, Sofort, EPS, external wallets
Trading Methods	Buying and selling
Number of Assets	5
Types of Assets	Bitcoin, Litecoin, Bitcoin Cash, Ethereum, Ripple
Trading Currency	EUR, GBP Bitcoin, Litecoin, Bitcoin Cash, Ethereum, Ripple
Account Currency	EUR, GBP Bitcoin, Litecoin, Bitcoin Cash, Ethereum, Ripple
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score	7.5

Full Review

BTCdirect is a Dutch bitcoin exchange where you can buy and sell Bitcoin, Litecoin, Ethereum and Ripple with credit card / debit card, bank wire transfer and a series of e-wallets. Dutch and Belgian customers can also buy cryptocurrencies with iDEAL and/or Bancontant. After buying the cryptocurrencies they will show up within 10 minutes on your desired crypto or on your BTCdirect account. You can then send the coins to any wallet or exchange you want to trade cryptocurrency.

To save your Bitcoins, Litecoins, Ethereum or other cryptocurrencies, you need a cryptocurrency wallet. You can choose to opt in for a online solution like blockchain.info or, a much safer solution, a hardware wallet. The most popular hardware wallets are produced by a company called Ledger. From just $30 you can store your cryptocurrencies safe and secure offline on the wallet and protect yourself against hackers and the potential loss of passwords, which make you lose your cryptocurrencies.

To buy or sell cryptocurrencies at BTCdirect you will need a verified account. You can verify your BTCdirect account by follow the easy steps whenever you create an account. This account can then be verified super fast using the live chat button or initiating a Skype call with btcdirect1. Don’t be afraid of identity theft, BTCdirect is a legitimate company that is registered with the Dutch chamber of commerce, complete with VAT-number and is subject to both strict Dutch regulation and Know your Customer procedures.

If for some reason you cannot start a live chat or Skype call with them, I recommend making pictures of the required documents using your smartphone, tablet or GoPro and uploading these using their in-house document upload system. I do not recommend emailing these documents to BTCdirect for security reasons.

BTCdirect is a very popular bitcoin exchange in Europe. An alternative to BTCdirect is Bitpanda, but their fees are a little bit higher. You can find more information about Bitpanda in our extensive Bitpanda review, updated for 2020.

Bitpanda Review 2020: Buying, selling and storing cryptocurrencies

Please note that BTCdirect only offers a handful of cryptocurrencies. To invest in altcoins, I strongly advise you to open a Binance account and trade altcoins there.

Buying Bitcoin, Litecoin and Ether on BTCdirect – My own experience

Like I said before, you can buy and sell Bitcoin, Litecoin, Ethereum and Ripple on BTCdirect. This is possible from just 10 Euros or more. With the low 2% buying and 1% selling fees, I have to say that this is a very cheap solution. If I compare these fees with, let’s say Bitpanda or CEX.io, where you pay at least 3.5% or $10, whichever is lower, BTCdirect is the best choice.

Screenshots

Pros

• Cryptocurrencies show up in wallet within 10 minutes
• Low minimum buy requirement of just 10 Euros\Excellent customer support

Reviews

There is no review.