Bitvavo is an Amsterdam-based centralized cryptocurrency exchange (CEX). Established in 2018, it offers spot trading and direct cryptocurrency purchases. The Bitvavo crypto exchange solutions are optimized for professional traders and financial institutions.
Bitvavo complies with EU crypto regulations and adheres to Know Your Customer (KYC) rules. Only residents of the EU, EEA, Gibraltar, Switzerland, and the UK can access the Bitvavo spot trading services. The platform is available on desktop and mobile devices.
Markets
The exchange has different modes for individual and institutional traders. The Bitvavo spot market is the sole trading service on the platform, as the platform doesn’t offer derivatives markets. Margin and leveraged trading are unavailable. All trades operate using a central limit order book (CLOB).
Bitvavo facilitates crypto-crypto and crypto-fiat trading. The euro (EUR) is the main fiat currency listed on the platform. Users can find over 180 digital assets and over 150 Bitvavo trading pairs.
The platform supports popular payment methods for euro pairs, including Sepa, SoFort, MyBank, and Giropay. By default, all Bitvavo crypto prices are denominated in EUR. If a customer purchases assets from a country outside of the eurozone, the price is converted automatically.
Trading fees on the platform are based on the traders’ trailing 30-day Bitvavo volume. All values are denominated in euros. Deposits and withdrawals via SEPA transfers are free.
The fee structure follows a multi-tier, maker-taker model. There are nine tiers in total. The base maker-taker rate of Bitvavo exchange fees is 0.15% and 0.25%, respectively. If the trade volume exceeds €100,000, the fees are reduced to 0.10% and 0.20%. For traders that exceed €25 million, the maker-taker fees are 0.03% and 0.04%, respectively.
The absolute rate of deposit fees is zero. However, relative fees may apply based on the selected payment method, such as Giropay or PayPal. The chosen payment method also limits the maximum deposit amount.
There are no fixed Bitvavo crypto fees for withdrawals. The rate may vary based on the selected withdrawn assets and network congestion. A minimum withdrawal amount is also determined by the chosen cryptocurrency.
About the Company
The Bitvavo crypto exchange was co-founded by Mark Nuvelstijn, Tim Baardse, and Jelle de Boer in 2018. It’s considered one of the biggest European centralized exchanges. It's registered with De Nederlandsche Bank (DNB). The company headquarters are registered in Amsterdam, the Netherlands.
The company is a member of United Bitcoin Companies Netherlands (VBNL), a monitoring body for self-regulating companies. In 2021, the platform was voted the Best Public Solution at the Dutch Blockchain Awards.
In March 2022, Bitvavo signed a partnership agreement WITH the Royal Dutch Football Association (KNVB). The goal of the collaboration is to explore digital innovation opportunities in traditional sports.
In October 2022, it was reported that the total Bitvavo trade volume exceeded €100 billion, and the user base surpassed 1.5 million. It’s considered the biggest cryptocurrency exchange in the Netherlands.
Mark Nuvelstijn is the CEO of the Bitvavo cryptocurrency exchange. He is an entrepreneur and lawyer who acquired his Master’s in Law from the University of Groningen in 2017. Before founding Bitvavo, Nuvelstijn was a tax lawyer at Loyens & Loeff.
Jelle de Boer and Tim Baardse are fellow co-founders of the Bitvavo crypto exchange. Alongside Nuvelstijn, they were listed among Quote’s Top 100 Young Millionaires in 2022.
