BTCDirect Review

BTC Direct Alternative

If you prefer to pay as little trading costs (fees) as possible when buying or selling cryptocurrency, we recommend the Bitvavo Exchange. Here you’ll pay a maximum of 0.25% fee per trade, no matter how high the amount is. Besides you have your own built-in wallet for each cryptocurrency.

The fees on  BTC Direct can be as high as 3%, and it’s a shame to make a loss immediately after buying or selling. Click below on Activate Deal and trade the first € 1000 for free at Bitvavo.

Claim €10 Free Crypto and Trade €10.000 For Free at the Bitvavo Exchange

New customers receive 10 euros of free crypto credit and they can trade up to € 10.000 for free at the Bitvavo Exchange. The discount is valid for 7 days after registration.

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ACTIVATE DEAL

On Going Offer

Buy 5 cryptocurrencies at BTCDirect

Purchasing is easy and fast via the user-friendly interface developed by BTCDirect. You can specify the amount of digital currency you want in euros or you can specify the exact amount of digital currency you want.

Changing the currency can be done by clicking on the currency icon. The amount will be calculated based on the current exchange rate and held until the exchange rate changes again. By clicking on the big green button you go to the payment page.

In just a few simple steps, you can be the proud owner of (a part of) Bitcoin, Litecoin, Ethereum, Ripple, or Bitcoin Cash.

With BTCDirect, you can only make purchases and not store any cryptocurrency.

Although we try to keep our BTCDirect review up to date, something may have changed in the meantime. Check here the current offer on the website.

Cryptocurrency can be stored in a digital wallet which is also called a wallet. Each wallet has an address (a number of characters) and this address must be entered in the order form. Payments can be made easily via known payment methods: iDEAL, Bancontact, bank transfer (no direct delivery) and credit card. Please note that all those payments options are not free.

The bank details provided with the payment must match the details you have registered with. It is therefore required that you use your own bank account. The coins are sent directly to your wallet and are usually visible within 2 minutes.

BTC Direct does not offer built-in wallets, because they think that everyone should be in charge of their own private keys.

Selling crypto

If you have bought Bitcoin, Litecoin, Ethereum, Ripple or Bitcoin Cash in the past and you think now would be a good time to pay out in euros, you can do so via BTCDirect. Selling is as easy as buying. Currently, it is only possible to have the amount paid to your account by bank transfer.

After entering the amount of cryptocurrency, you will receive an estimated amount of euros to be received. Of course, this can differ slightly later due to the exchange rate difference. After entering your bank account number, you will receive a unique wallet to which you need to send the agreed amount of digital currency. It is important that you send the total amount to the correct wallet. The amount you need to transfer does not include fees, which are charged when sending Bitcoins, for example.

The transaction will be visible on the website within minutes, and BTCDirect will trade your coins on the exchange. Depending on what it has generated, the final price will be determined. Payouts are generally processed immediately. For this BTCDirect review, we tried to buy and sell crypto, and this went smoothly.

BTC Direct fees and costs

When buying or selling cryptocurrency through an broker, you always pay fees and other costs. This is the business model of BTC Direct and you can’t escape it. The fees that are charged are completely transparent and are not secretly passed on. BTC Direct charges fixed fees and the fees are not low.

I think BTC Direct is the most expensive broker in the Netherlands and one of the most expensive in Europe.

Here is an overview of all costs.

As far as I know there is no other broker that charges as much as 3% for buying Ripple, for example. The costs of using different payment methods are recovered from the buyer and are not included in the price. When using Credit Card you pay more than 3% of transaction cost on top of the fees.

Fee calculation example with competitor Bitvavo:

If you decide to buy € 100 of Ripple with Credit Card you pay BTC Direct € 3 trading fee + almost 4% transaction fee. This is a total of € 7 for an investment of € 100. At the Bitvavo exchange you pay a maximum of € 0.25 for an investment of $100 for the same transaction (0.25% fee) and no transaction costs.

By using the promotion below, new users pay 0% commission on the first € 1000.

Claim €10 Free Crypto and Trade €10.000 For Free at the Bitvavo Exchange

New customers receive 10 euros of free crypto credit and they can trade up to € 10.000 for free at the Bitvavo Exchange. The discount is valid for 7 days after registration.

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ACTIVATE DEAL

On Going Offer

The costs of BTC Direct are extremely high when compared to the competition and we advise you to buy your cryptocurrency elsewhere. There are plenty of competitors that offer the same possibilities, but cheaper.

Verifications and set limits

It is not possible to invest large amounts of euros in Bitcoin without any verification. The Dutch law says that the buyer must be checked before placing an order. This way, the vendor knows who he is doing business with and the risk of fraudulent transactions is reduced. You can buy up to €100 verification-free cryptocurrency from BTCDirect. This means that you do not need to be identified and that you can immediately buy or sell crypto.

If you want to spend more than € 100, a KYC based on a copy of ID needs to take place. You need to send a copy of the KYC with an ID Selfie (a photo of yourself with the ID) to BTCDirect. They will then check your application and you will be approved. This process takes an average of one hour during busy periods. If it is not busy then it can go faster. After proof of identity verification, you have a spending limit of € 1.000 per day.

If this is not enough and you want to spend even more, a stricter verification has to take place. Your home address will be verified and a short video call will be made. During this conversation, your proof of identity will be checked again live. After this verification you have a spending limit of ten thousand euros. To raise the limit even higher, you need to contact the helpdesk.

New BTCDirect website

At the end of 2019 BTC Direct completely renewed the website with a modern look. The website has many innovations, such as several interactive pricing pages, news items and a knowledge base. This allows the visitor to find everything on one website. More than half a million users are now registered on the platform and have processed almost 1 million transactions. The entire team can be seen on the website and through their own YouTube channel you can get to know some of the team members.

Is BTCDirect safe to trade?

This company has been around for a number of years and has built up a solid reputation in the Netherlands and Europe. By quickly providing a platform where it was possible to easily buy Bitcoins, they had found a gap in the market. It is, of course, a legitimate company, based in the Netherlands and registered in the Chamber of Commerce.

The company therefore meets all the requirements of the Netherlands to be able to do business. With the services they provide, they have already completed thousands of successful Bitcoin transactions and sold them since 2013. So it is completely safe to purchase your Bitcoins, Ethereum or Litecoins via BTCDirect and there are many customers who have done this before you. We have built in a special section for these customers so that they can share their experiences of BTC Direct with others. There are also many external websites that collect BTCDirect reviews and make them available for the world.

Although they were one of the first, we have to be honest in our BTCDirect review. The fees used to be a lot higher in the past, because there was almost no competition. Now there are dozens of other brokers and exchanges and it is getting cheaper and cheaper to buy cryptocurrency. BTC Direct still uses their old fees and with 3% for a purchase it is very expensive, in our opinion.

If there are any problems or just questions, customer service is available seven days a week. The customer service is available through many different channels and you will receive an answer the same day. Even when it’s busy! On this page you can easily contact BTC Direct.