Last Updated on 5 November 2023 by CryptoTips.eu
Bitnovo Review 2024
Bitnovo is a Spanish cryptocurrency broker where you can buy and sell cryptocurrencies. Bitnovo offers the option to buy Bitcoin or 25+ other cryptos using various payment methods, including: Bank Transfer, gift cards and credit cards. The platform offers other payment methods including many digital currencies as well. The advantage of trading on Bitnovo is that you can buy any cryptocurrency from the portfolio of 25+ currencies in a matter of few clicks, without filling dozens of forms and papers. The company also offers a number of secure cryptocurrency wallets to store your crypto safely. In our Bitnovo review we will investigate the platform, check if the broker is safe and give a final score. On this page you also have the opportunity to leave your own review.
Buy 25+ crypto, apply for a debit card or redeem your gift voucher!
| Bitnovo | Details |
|---|---|
 Visit Bitnovo |
Trade up to 25 cryptos Redeem crypto vouchers anonymously Apply for a crypto debit card Trade with the iOS and Android app |
What is Bitnovo?
Initially, purchasing cryptocurrencies was very technical. To reduce the complications of buying and selling cryptocurrencies, Marcos Munoz and Luis Vaello decided to establish a platform that a layman person can use to buy and sell cryptocurrencies, as easily and safely as possible.
The platform is working hard to make the cryptocurrency a new norm around the world. The solid team is working every day to make the platform number one in Europe and to expand in other countries in the world. The website is available in Spanish, English, French, Italian and Portuguese.
One of the main reasons to establish the platform was to offer citizens of European countries a platform in their native language. The leaders of the company have understood the pain points in the region and provided a safe and successful solution to all the problems faced by natives of Spanish-speaking countries.
Currently the platform is offering services throughout Europe. The Bitnovo gift cards are available in major supermarkets, retail stores and online webshops. Bitnovo was one of the first platforms that made it possible to buy groceries and Bitcoin in one store. Also, you will be able to spend your cryptocurrencies just like fiat currencies at stores that accept VISA.
Advantages of Bitnovo
Why should you choose for Bitnovo?
- Instant buy 25+ cryptocurrencies.
- Buy crypto anonymously using Bitnovo gift cards.
- Multiple payment methods, such as bank transfer, credit card and gift card.
- Availability of a debit card provided by the platform.
- Almost 1 million transactions carried out.
- Leader in Spain, Portugal and Italy.
- iOS and Android app.
Buy 25+ crypto, apply for a debit card or redeem your gift voucher!
Bitnovo launched a cryptocurrency debit card called BITSA. It makes the buying process of cryptocurrencies easy and secure. You can apply for the card without a bank account and request one by using your user panel. Buy your favorite products online and do your grocery at any store using BITSA. Also, if you run short of cash you can withdraw fiat currencies from any ATM. To recharge a card, you can use vouchers or cryptocurrencies. Moreover, you can transfer funds from one card to another easily and safely.
How to create a Bitnovo account?
You can create your account on the platform as well as using the mobile app. You only a valid email address and an active phone number to receive the verification code.
Follow these steps to create an account:
- Visit the Bitnovo website.
- Enter your email address, phone number and password in the required fields.
- Accept the privacy policy and terms and conditions.
- Click on Create account.
You don’t need to provide personal information like you provide on other exchanges or broker website.
Once your account is created you can buy Bitcoin or other altcoins using the built-in wallet. The interface is very user friendly and there’s no technical knowledge required.
How does Bitnovo work?
Bitnovo wallet works similarly as the other digital wallet works. However, it is more Spanish centric. The company offers customer support in native language Spanish to the residents of Spanish speaking countries.
Bitnovo offers the option to buy Dash and Bitcoin through bank transfer, a credit card or a voucher. The users of the platform can get their digital currency in an e-wallet or on their BITSA debit card. The choice is yours.
Firstly, you need to store Bitcoins in your Bitnovo wallet and later you can withdraw cash using an ATM. The transaction is done using the current cryptocurrency exchange rates.
Buying Bitcoin with cash is possible as well. You don’t need to register or provide any personal information. Just buy gift cards from numerous places, including Carrefour stores in Spain and redeem it on the website. You can send your redeemed coins to any wallet you want. This is the best option for privacy conscious people. It is simple secure and fast cryptocurrency exchange service for people like you.
Bitcoin ATMs
You can’t disagree about the ease of buying Bitcoins with Bitnovo. The company is also providing Bitcoin ATMs at different locations in Spain. More than 6000 digital currency ATMs are available in public to buy Bitcoins in the country.
Buying cryptocurrencies online is convenient, but buying Bitcoins or other altcoins using an ATM in your city means going the extra mile to make the crypto purchasing process easier. Everybody knows how to operate an ATM for withdrawing fiat currencies and a Bitcoin ATM works the same.
Cryptocurrency debit card
By paying only 25 euros you can get a digital currency debit card. This is the easiest way to buy cryptocurrencies without the need of a bank account. You can use your crypto debit card for the following:
- Withdraw local currency from ATM’s
- Online shopping
- Payments in shopping centers and grocery stores
- Transfer assets between cards
- SEPA credit transfer
Yes, many advanced companies are working hard to make things digitalize and futuristic. Bitnovo is one of them. It is on a good mission to change our current habit of purchasing using the fiat currencies.
Bitnovo fees
Bitnovo charges a fee for every crypto purchase and for using the debit card. The fees are not transparant on the website. We calculated that you pay a fee of 2.10% for a Bitcoin purchase, this is relatively high. And can be different when you buy your crypto. To use a credit card or bank transfer you pay no extra fee. However if you use a gift card you pay an extra fee of 5%.
There are fees for using the debit card, please check all the fees on this page: https://www.bitnovo.com/bitcoin-debit-card-en
Every top up will cost you 5% and there’s a € 1,20 monthly maintenance fee of your balance. You also pay an extra fee for every transaction you make with the card.
Is Bitnovo safe?
Bitnovo has more than 5 years of experience in the crypto sector and is mainly active in Spanish speaking countries. They operate accordant the European and Spanish regulations which means they take this seriously. The support is available in Spanish, English, French and Italian for 7 days a week.Â
This company has some really unique features, like: a own debit card, own Bitcoin ATMs, a wallet including your own private keys and the support for cash payments.
Security is considered a very important aspect of the success of Bitnovo. You can use a security seed to remember or save your private keys. This means that you are always the owner of your own wallet and that they don’t store your crypto. Keep the seed safe and don’t share it with anyone.
You should follow the safety-first motto. Stealing someone’s passwords has become less difficult due to the availability of several tools. Also, the chances of hacking might be increased if you use the same password at more than one website. Moreover, clicking on links from unknown email addresses increase the chances to steal your password.
It is recommended that you use two-factor verification. It can save you from any fraud in case hackers gets your password. Enabling the 2FA is easy on the platform. When you active the 2FA your login to your account process will change. Along with your username and password, you have to enter a temporary extra code.
Buy 25+ crypto, apply for a debit card or redeem your gift voucher!
Did you buy crypto at Bitnovo and would you like to share your review? You can do so by using the evaluation form below.
Contact Details:
Pressbrokers Sociedad Limitada.
C/isla De Cerdeña
N 1 Bajo 46023
Valencia
Spain
Company Number:
B98346646
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