US investors permitted
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.
Anycoin Direct does not explicitly prohibit US-investors from trading on its exchange. US-investors should however still do their own analysis of whether their home state imposes any legal obstacles to them trading at any of the top crypto exchanges that could otherwise be the best cryptocurrency exchange site for them.
Anycoin Direct Fees
Anycoin Direct Trading fees
The fees at any exchange are very important to consider. Therefore, it is troubling that we have not been able to find Anycoin Direct’s trading fees anywhere. This is potentially a risk for you as an investor (if they are not informed of anywhere we believe there is a higher risk that they are high). Accordingly, we strongly urge you to make you own analysis of the trading fees at this exchange before depositing any funds with it and before concluding that Anycoin Direct is the best cryptocurrency exchange site for you.
Anycoin Direct Withdrawal fees
The withdrawal fees at Anycoin Direct are nowhere to be found either. This is potentially a risk for you as an investor as mentioned above, but not necessarily.
Anycoin Direct offers wire transfer as a deposit method, but credit cards are not a permitted deposit method. This might of course be disadvantageous if you would prefer to use your credit card for any reason.
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/). This is below industry average when it comes to top crypto exchanges.
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):