Bitvavo Vs Binance

It is not possible to link a bank account that is in someone else’s name. You can link your bank account by What are the differences between Bitvavo and Binance? depositing money in your wallet. Check out our dedicated wallet page to find out how to deposit money.

For most payment methods, the transaction is processed the same day and your bank account is linked the same day. The only exception is bank transfers, where it can sometimes take 1-2 days before you can start trading. Cex.io began in 2013 as a Bitcoin cloud exchange and mining provider that has since grown into a multi-purpose exchange, trusted by more than half a million users. The exchange has developed a multi-level account system with an individual approach for each client, from Bitcoin beginners to institutional traders. Global coverage, multiple payment options, and 24/7 support are accompanied by proven platform stability that ensures asset and data security.

Bitvavo must verify your identity to prevent fraud, money laundering and terrorist financing. You can use your passport, driver’s license or identity card for this. This process is quite simple and self-explanatory, after which Bitvavo usually approves your registration the same day and you can start trading. When we published this Bitvavo review in 2018, there was no regulation for the crypto market. But due to legislative changes in 2020, all Dutch cryptocurrency providers were subject to mandatory supervision by De Nederlandsche Bank.

The difference between the two is in the trading options you can use. We have made frequent use of both and this is what we think of them. To ensure that their euro accounts are safe in the event of bankruptcy of Bitvavo B.V., the founders have set up the Bitvavo Payments Foundation, where users’ money is kept separately.

With its friendly nature, a beginner in the crypto world should start with Bison. Bitvavo is widely regarded as one of the largest exchanges in Europe. What I particularly like about the Bitvavo exchange is the fact that it is suitable for both beginners and advanced.