Anycoin Direct Review
A trading cryptocurrency guide must of course provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Anycoin Direct consists of four parts: general information, fees, deposit methods and security.
Anycoin Direct is an exchange based in the Netherlands. Technically, it’s not an exchange but a “broker of cryptocurrencies”, but for the sake of consistency it will be referred to as an exchange in the following review. Netherlands, the home of Gouda cheese and tulips, is also the home of many cryptocurrency exchanges. There are too many to mention them all here, but the list includes LiteBit.eu, Bitonic and Bitrush.
A feather in the hat for this exchange is its prominent support function. Anycoin Direct’s extensive Customer Support service is open 7 days a week, 365 days a year. The support agents are highly trained and ready to answer each and every question that customers or potential customers customers may have through their dedicated Live Chat function. This is a really great feature of this exchange.
US-investors may not trade here. Exclusion of US-investors is primarily because of the US regulatory regime. Don’t be too sad though if you are a US-investor. There are many other venues available to you. Use our Exchange Finder to find out which alternatives you have.
Anycoin Direct Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. At Anycoin Direct, the trading view is very simple and easy to understand but lacks the fancy features that more advanced traders often require. It looks like this:
Anycoin Direct Fees
Anycoin Direct Trading fees
The fees at any exchange are very important to consider. Anycoin Direct is different from most regular centralized exchanges in the way that it does not have fees that are a percentage of the order value. However, when buying crypto via the exchange, the purchase price offered is usually slightly higher than the market price. Conversely, when selling crypto via the exchange, the purchase price offered is usually slightly lower than the market price. The mark-up or mark-down is not specified anywhere. This is potentially a risk for you as an investor. Accordingly, we urge you to make your own determination of whether the fees and price differences at this exchange seem reasonable to you.
Anycoin Direct Withdrawal fees
Considering how this exchange operates, withdrawal fees are irrelevant.
Anycoin Direct offers wire transfer as a deposit method, but credit cards are not a permitted deposit method. As of 5 November 2018, you can also do crypto-to-crypto trading here. The crypto-to-crypto trading at Anycoin Direct is very fast efficient.
Anycoin Direct Security
One might ask why security is even a feature that we at Cryptowisser have looked for at the different top crypto exchanges. The answer is two-fold:
- Exchanges store a massive amount of valuable personally identifiable information. From names to addresses, to government identification details, taxpayer identification number and a lot more; and
- Exchanges handle of course a lot of cash or coin deposits and withdrawals.
Anycoin Direct has a security score of F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). However, this score might be irrelevant to users of this exchange. What users are mostly concerned about is whether or not the exchange is susceptible to a hacker attack and – if so – whether the users’ assets are at risk. Anycoin Direct never hold balances from accounts itself. This means that even if Anycoin Direct would be the subject of a hacker attack, the users’ assets would not be at risk.
The exchange reviewed above is what we call an “entry-level exchange”. This means that this exchange also makes it possible for someone to enter the cryptocurrency market with fiat currency. There are numerous entry-level exchanges out there, including (but not limited to):