BTCDirect review with BTCDirect Experiences
Online investing in cryptocurrency has become much easier in recent years. More and more sites are offering easy ways to invest in the digital coins, one of which is BTCdirect. Read on and find all BTCdirect user experiences.
BTCDirect Experiences - start investing in 4 steps
1 - Choose a broker: Choose an online broker where you can quickly start investing in cryptocurrency, such as eToro
2 - Sign up and deposit money: Create an account and put money in your account using one of the payment methods.
3 - Verify your account: Prove that you are behind the account by sending a copy of your ID.
4 - Start investing: Choose the crypto currency you would like to invest in and make the first transaction!
Read on to find out more about our btcdirect experiences or start investing with an online broker via the green button on the right.
In this article, we will help you to start investing in cryptocurrency with an online platform and you can read all the BTCdirect user experiences. At the end of the BTCdirect review, you can easily determine, based on the BTCdirect experiences, what is a suitable platform for you to start with crypto.
BTCdirect Review: The BTCdirect Experiences
BTCdirect is now a large company that deals with cryptocurrency. The company opened in 2013 because at that time buying Bitcoin was still very difficult for individuals.
Instead of having to wait for days before the Bitcoin you bought was finally transferred, it had to be done immediately. So now BTCdirect has grown a lot and we can look at the BTCdirect experiences of the past 8 years.
BTCdirect is an online platform where you can easily buy and sell cryptocurrencies such as Bitcoin. In addition to Bitcoin, BTCdirect has now added dozens of other coins to its platform.
In addition to the BTCdirect platform, the company has also released a well-known application where you can buy crypto just as easily as on the online platform. The app BLOX has only been out for a while but because of the reliable name of BTCdirect, the app has quickly become popular.
At BTCdirect and BLOX you buy and sell coins directly at the current price. The broker uses a spread, this means that you buy the coins a little more expensive and sell them a little cheaper, the difference between the prices is the profit BTCdirect makes on your transactions.
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Is BTCdirect Reliable?
All BTCdirect experiences and BTCdirect reviews show that the broker is a very reliable place to start trading. Dutch cryptocurrency companies have recently been required to register with De Nederlandsche Bank (DNB).
Since May 2020, it has been compulsory for companies like BTCdirect to obtain a licence for their activities. For this, a company must first register with DNB, and this organisation will then determine whether the company meets all the requirements of the Dutch government.
This legislation is primarily intended to combat money laundering and the financing of terrorism. The subsidiary of BTCdirect, the application BLOX, has also received the registration.
Being under the supervision of De Nederlandsche Bank does not mean that this organisation checks BTCdirect for financial requirements or business risks. In principle, it is therefore still possible that something will happen to the organisation, such as bankruptcy.
DNB will not carry out any checks in this respect and this means that you, as a consumer, are not extra protected by the registration of BTCdirect with DNB.
The fact that BTCdirect has existed since 2013 and has performed its duties reliably all this time makes it even clearer that BTCdirect is reliable. In all these years, there have been few BTCdirect experiences where something has gone wrong in terms of BTCdirect reliability.
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BTCDirect Experiences: How do I get started at BTCdirect?
Creating an account at BTCdirect is easy via the BTCdirect website. Via the 'register' button you only need to provide your e-mail address and via a link in your mailbox you can create your account.
In addition to your name, nationality and a password, you will also be asked for your telephone number, identification and income.
The advantage of this verification is that you immediately send all the data that BTCdirect needs. Every online broker is required to know things like a copy of your ID and information about your income from every customer.
In theory, after this verification you can start immediately. Please note that BTCdirect must approve the verification before your first transaction can actually be completed, so it is wise to wait until this approval to avoid surprises.
At BTCdirect you can easily deposit money to your account via iDeal, bank transfer, credit card or one of the other available payment methods. When depositing money, you pay transaction costs depending on the chosen payment method, for example €0.50 per transaction for iDeal.
If you want to get started with large amounts, BTCdireect offers you the private trading page. These are investors who immediately want to invest 50,000 euros or more in cryptocurrency.
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How does the BTCdirect trading software work?
Where with some brokers or crypto exchanges you have a trading platform where you can place your buy- or sell-order, BTCdirect works a bit differently. On this platform you cannot place an order with an amount of your own choice of what you want to pay for the coin.
BTCdirect has chosen to make buying cryptocurrency easy for everyone. You can buy and sell the cryptocurrency for the current price and all your orders and sales are done within seconds.
On the BTCdirect trading platform you can easily invest in Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash. For other coins, you can go to the BTCdirect mobile app; BLOX.
As you can see on the right, you get a clear overview of the current price you pay for the cryptocurrency and you can look as far back in the price as you want.
On the BTCdirect platform you get wallets for the coins you can buy. The coins you buy will automatically end up in these wallets and you can keep them there for as long as you want, you can also send the coins from these wallets.
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Which cryptocurrencies does BTCdirect offer?
As you have been able to read above, there are five cryptocurrencies that are offered on the platform of BTCdirect and you can find the rest of the coins in the BLOX app. The five cryptocurrencies you can buy at BTCdirect are Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash.
In the BLOX app, you can buy more than 30 different crypto coins, including the major coins that are also available on BTCdirect. Below you have a complete overview of all coins available at BTCdirect and in the BLOX app.
There are thousands of cryptocurrencies in the world, but no single broker offers them all. Do you want to know more about the different cryptocurrencies and how to buy them online? Then quickly read our article about buying crypto!
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BTCDirect Experiences: What are the costs at the broker BTCdirect?
BTCdirect charges up to 3% transaction fees when you buy or sell cryptocurrency. It is difficult to estimate exactly how high the transaction costs are per coin because the website uses a spread; a difference between the buying and selling price.
The transaction costs you pay differ per cryptocurrency and there is also a difference whether you buy or sell the coin. The percentages shown here have already been calculated into the prices of the coins on BTCdirect.
This may cause the prices you see on BTCdirect to differ from prices at other exchanges or websites.
If you compare the costs of BTCdirect with the transaction costs you pay at other brokers you will see that BTCdirect charges quite high costs. There are also crypto exchanges that charge a maximum of 0.25% transaction fees.
On the other hand, you can buy cryptocurrency very easily and quickly at BTCdirect. So despite the high costs, it may be best for novice investors to make their first purchase at BTCdirect because of the user-friendliness of the platform.
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How is BTCdirect's customer service?
From the most negative BTCdirect experiences, it seems that most of the problems users have with the platform are in the area of BTCdirect customer service. Customer service is said to be not always responsive and there are not enough options to contact them.
As you can see next, the first thing you have to do is to search through BTCdirect's frequently asked questions. If this does not help you, you can use the contact form.
A number of BTCdirect experiences have shown that it can take a long time before the platform responds.
Via Twitter BTCdirect does not seem to respond to questions and via Facebook you can contact the platform via direct messages. Finally, in the support environment of BTCdirect there is also the possibility to create a live chat.
All in all, users clearly show in their BTCdirect experiences that they find it annoying that there is no possibility of telephone contact and that it can sometimes take a long time before a response is given to your contact form.
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What are the BTCdirect user experiences like?
The best known place to share your experiences is on the website Trustpilot. As you can see here the BTCdirect experiences of users are mostly positive.
The most positive BTCdirect experiences show that the platform is especially clear, simple and fast. Because you don't have a separate trading platform where you have to create orders, any beginner can easily make his first purchase at BTCdirect.
As you could have read earlier in this article, the negative experiences of BTCdirect were mainly focused on the customer service of the platform. However, many users are positive about this customer service in their BTCdirect reviews.
Especially the fact that at no time are you faced with surprises at BTCdirect is seen as very pleasant in most BTCdirect experiences. This begins with the creation of the account; many BTCdirect experiences make it clear that this process was very easy and fast.
Because you can only invest in a few coins on the BTCdirect platform, the platform refers you to Coinomi or Kucoin to buy other coins. Especially in the days when BTCdirect did not yet have its own application BLOX, this caused much confusion and problems for BTCdirect users.
The conclusion that can be drawn from the many BTCdirect experiences is that the platform is a very suitable place for beginners to easily buy crypto. However, in the BTCdirect experiences, things do seem to go wrong with the customer service when it gets busier at the company, such as during the bull-run in 2021.
For example, the company once had a telephone customer service, but they had to switch it off when it became busier. Of course, when things get busy, there are more questions from customers and customer service as a whole is somewhat reduced during these periods.
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The BTCdirect news website is a place with reliable news compiled by the editors of BTCdirect news. The editors of the BTCdirect news site are mostly journalists who have a great feeling for Bitcoin and cryptocurrencies.
Most editors are familiar from other channels dealing with cryptocurrency or are, for example, very good at making technical analyses on the Bitcoin exchange rate.
The latest BTCdirect News
Besides its own platform for buying and selling crypto, BTCdirect has a number of additional features. For example, it has its own webshop where you can buy handy accessories to store your cryptocurrency in, for example.
For example, the BTCdirect shop currently offers almost ten different hardware wallets where you can store your cryptocurrency even more safely. The shop also offers books on Bitcoin (such as The Bitcoin Standard) and other books on the technology behind cryptocurrencies.
Besides the platform and the shop, BTCdirect also has its own news website where all the news about different cryptocurrencies is brought to you. On the BTCdirect news website you will find all the news about the largest coins, but also the latest altcoin news.
Frequently Asked Questions
BTCdirect is an online broker that was founded in 2013 with the goal of making cryptocurrency buying and selling possible for everyone. In doing so, they created a simple and user-friendly platform that is still popular today.
At BTCdirect itself you can only invest in Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash. To buy other coins, BTCdirect will redirect you to another exchange or to its own smartphone application BLOX.
Yes, BTCdirect is registered with De Nederlandsche Bank (DNB) and there are no examples of bad BTCdirect experiences in terms of reliability. You can start buying crypto with this broker in complete safety.
Most BTCdirect reviews are positive about the platform, the BTCdirect reliability and the company itself. However, most BTCdirect reviews are critical of the costs that the platform passes on to its customers. In this BTCdirect review we also advise experienced investors to start at a different platform.
There is a separate website where BTCdirect posts news about Bitcoin, Ethereum and all the other small and large coins it offers on its platform. Behind the BTCdirect news site is a large editorial staff with good knowledge of the subject.
BTCdirect charges costs for every purchase and sale made through the platform. For Bitcoin, 2% is charged for every purchase and 1% for every sale of the coin. For other coins, the transaction costs are one percentage point higher. These costs are already incorporated in the prices you see on BTCdirect, so you will never be faced with unexpected costs.
BTCdirect Experiences: Conclusion
By now, quite a few Dutch cryptocurrency companies have been established that make it possible for consumers to invest in cryptocurrency themselves. BTCdirect was one of the first brokers to enter the market in 2013 to make it easy for Dutch people to buy cryptocurrency.
Years later, BTCdirect is still the best place for many people to buy cryptocurrency easily and quickly. You don't need to know about complicated trading platforms, you just need to choose a coin, figure out how much you will invest and complete the purchase.
The experiences of BTCdirect are mostly positive, especially beginning investors say they like the fact that they can buy crypto so easily. The negative experiences of BTCdirect are mainly about the customer service, which is often slow when it is busy and they can no longer be reached by telephone.
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