Bitvavo already has 1.5 million users in Europe.
Exchange regulated by the Central Bank of the Netherlands and with SEPA payments.
The bitcoin and cryptocurrency exchange Binance is no longer the favorite in Europe. The exchange platform that now takes the crown when it comes to trading in euros (EUR) is Bitvavo, launched on the market in 2018 and based in Amsterdam, Netherlands.
This fact was revealed by a report from the data analysis company Kaiko, published in January 2024. The report shows that only 5 exchanges hold 97% of the trading volume in euros, and Bitvavo was the one with the highest accumulated volume in euros during 2023, with more than 26 billion euros. They are followed by Kraken in second place, Binance in third, and Coinbase and Bitstamp in fourth and fifth position.
The euro in the cryptocurrency market is growing and appears strong against its main competition, the US dollar (USD). According to Kaiko, the euro trading volume of the overall market reached close to €15 billion in December 2023. In this way, the market share of the European currency relative to the US dollar has doubled to reach 17.2%.
Why Bitvavo dethroned Binance in Spain and Europe
What led 1.5 million users in Europe to prefer Bitvavo about the renowned Binance? One reason is that Bitvavo is regulated by the Central Bank of the Netherlandswhich guarantees compliance with European regulations.
One of its main advantages is its low and transparent commission policy. The exchange has a fee system maker-takerwhich can range from 0% for makers and a maximum of 0.25% for takers. And the commissions decrease as the user increases their trading volume.
There are also no hidden fees, which reinforces the trust of your clients. Bitvavo also stands out for its focus on security. It implements measures such as cold storage, two-factor authentication, data encryption and an account guarantee fund of up to 100 thousand euros in case of theft.
Bitvavo has 8 different payment methodsincluding free bank transfer in Europe, iDEAL, Bancontact, credit card, Paypal, SOFORT and EPS Überweisung. The exchange has more than 300 cryptocurrencies, and allows exchanges for euros or USDC.
As if that were not enough, the exchange is offering a welcome bonus 10 euros* to new users in the eurozone who register on the platform. To receive the bonus, you just have to open an account at Bitvavo, verify your identity and make a minimum deposit of 10 euros.
About Bitvavo
Bitvavo is an Amsterdam-based cryptocurrency exchange that allows you buy, sell and store a wide variety of digital assets. The goal of the platform is to make decentralized finance accessible to everyone through a friendly interface and top-notch services.
It is available in the SEPA region and offers convenient payment methods for residents of this area in Europe. Its services include staking, DCA, cryptocurrency loans, online wallet, analysis and advanced trading tools.
If you want to know more about Bitvavo and everything it has for a bitcoiner like you, visit their website and social networks:
instagram| Facebook| x| LinkedIn
* It is possible to register for this promotion until 12-31-2024. Identity verification and a minimum deposit of €10 will be required within seven days of registration to assess eligibility to receive this welcome bonus. The bonus will be sent within 48 hours after deposit. Valid only for new adult users in the eurozone who register on the Bitvavo website.
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