BTC Direct Review
A trading cryptocurrency guide must 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 BTC Direct consists of four parts: general information, fees, deposit methods and security.
BTC Direct is a cryptocurrency exchange headquartered in the Netherlands. It launched as early as in 2013.
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 at least also includes LiteBit.eu, Bitonic and Bitrush.
At this trading platform, you can purchase 4 out of the 5 biggest cryptocurrencies in terms of market capitalisation:
Also Bitcoin Cash ABC is available here.
This exchange’s main features seeme to be its simplicity, and its speed. It makes it possible for people to easily buy crypto without going through much hassle. They illustrate how easy everything is with this 3-step process (although it seems a lot like the process at any exchange):
Unfortunately for US-investors, the exchange prohibits US-investors from trading on its exchange. This is usually because USA have various laws that make it difficult or impossible for international cryptocurrency exchanges to accept US-residents as traders. If you are from the US and you want to find a cryptocurrency exchange like this one, use our Exchange Finder and we’ll help you out.
BTC 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. The “trading view” here is much simpler and more intuitive than at a normal centralized exchange. The below is a picture of the interface where you can buy or sell cryptocurrencies at BTC Direct:
BTC Direct Fees
BTC Direct Trading fees
One thing you must not forget is to also check the trading fees of an exchange that interests you. BTC Direct is different from most top crypto exchanges in the way that it does not offer trading between cryptocurrencies. The services offered is buying and selling BTC, LTC, XRP, BCH and ETH.
BTC Direct’s fees are as follows:
2% for purchasing BTC;
1% for selling BTC;
3% for purchasing LTC or ETH; and
2% for selling LTC or ETH.
These fees are a bit above the industry averages. We have not been able to find the fees for purchasing or selling XRP or BCH.
BTC Direct Withdrawal fees
The withdrawal fees are built into the above trade fees.
At this trading venue, you can pay through a wide variety of methods. This also makes this exchange an “entry-level exchange”, meaning that it is possible for someone to enter the cryptocurrency market through this platform.
BTC Direct Security
Security is very important for all exchanges, even the ones like BTC Direct where you don’t necessarily have funds or cryptocurrencies deposited for a longer period of time. This exchange’s security score is B, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is a very impressive grade and is far above average when it comes to cryptocurrency exchanges.
Good work, BTC Direct!
Finally, as mentioned above, this exchange supports credit card deposits (alone or through the use of any of its associated payment service providers). Other cryptocurrency exchanges that also have this option include: