What is Bitvavo?
Bitvavo is cryptocurrency exchange from the Netherlands. Netherlands is in many ways one of the crypto-hubs in Europe. At this trading platform, you can currently trade 50+ different cryptocurrencies.
Bitvavo Trading Volume
On the date of first writing this review (26 May 2020), Bitvavo stated on its website that it had a trading volume on the platform amounting to EUR 296 million (approximately USD 325.06 million) over the last 30 days. This equals roughly EUR 10 million (i.e. USD 10.98 million) per day which is a quite modest trading volume, albeit impressive for a newer exchange. However, the trading volumes have increased quite substantially since then. On the date of last updating this review (2 December 2021), Bitvavo's 24-hour trading volume was USD 372 million, according to Coinmarketcap.
To our understanding, Bitvavo is not open to US-investors. For any investors interested in picking a new crypto exchange, just use our Exchange Filters and we'll guide you right.
Bitvavo 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. The below is a picture of the trading view at Bitvavo (when not signed in):
Bitvavo Trading fees
Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers make the liquidity in a market and takers remove this liquidity by matching makers’ orders with their own.
Bitvavo's trading fees for takers are 0.25%. This fee is in line with industry average. The exchange also offers a small discount to makers, who trade at a fee of 0.15%.
Finally, the trading fees are reduced as the trader increases trading volumes. They can go down to as low as 0.04% for takers and a rebate of 0.01% for makers (making the maker's trading fee -0.01%). This is the full table of trading fee discounts (volume based on your preceding 30 day trading volume):
Bitvavo Withdrawal fees
Bitvavo's withdrawal fee is 0.00002 BTC per BTC-withdrawal. This fee is substantially below the industry average. The global industry average BTC-withdrawal fee the last time we at Cryptowisser did a full-blown empirical study of it was approx. 0.0006 BTC per BTC-withdrawal. But today, we see more and more exchanges charging 0.0005 BTC per BTC-withdrawal, so one could argue that 0.0005 BTC is starting to become the new industry average.
In any event, 0.00002 BTC per BTC-withdrawal is a low consumer-friendly fee. Very good, Bitvavo!
Bitvavo does offer fiat currency deposits, but you can’t deposit via credit card. Accordingly, if you for some reason would prefer to deposit to your choice of trading platform via your credit card then you need to find another exchange. Don’t worry though, you can find an exchange that accept credit card deposits simply by using our Exchange Finder tool.
However, as Bitvavo at all accepts fiat currency deposits, it qualifies as an “entry-level exchange” where new cryptocurrency investors can take their first steps into the thrilling cryptocurrency world. These are the various deposit methods that are accepted here (and fees involved with each such deposit method):