Bitcoinmeester review, the emerging crypto exchange from the Netherlands
You may know them from the numerous commercials that are broadcast on TV: Bitcoinmeester. We have looked at all the pros and cons of this Dutch crypto provider. We discuss the security, reliability, costs and the offer within the platform. Create an account now or read on for our Bitcoinmeester review.
What is Bitcoinmeester?
Bitcoinmeester is a Dutch crypto exchange that focuses on the novice Dutch crypto trader. The company was founded in 2017 and has grown considerably since then. They are mainly characterized by ease of use and the large range of coins that can be traded. This means that in addition to Bitcoin, many other altcoins can also be purchased on the platform.
They are working hard and this is reflected in the amount of advertising that is being used. This resulted in the platform growing rapidly in popularity and awareness. Many Dutch crypto traders are now trading on the platform.
Bitcoinmeester review
Bitcoinmeester reviewUsers are quite positive about Bitcoinmeester. We also see this reflected in the Trustpilot rating of 3.6 out of 5 (Excellent). This makes Bitcoinmeester one of the most reliable crypto providers in the Netherlands
In our review of Bitcoinmeester we looked at a number of categories.
- Security and reliability
- Trading fees
- User friendliness
- Customer service
Safety and reliability
The crypto provider was registered with the Dutch Central Bank in 2020. The platform therefore complies with the new Dutch and European legislation regarding trading in cryptocurrencies. Under this new legislation, which came into effect in May 2020, cryptocurrencies providers are required to carry out full verification of their customers. This means that all users of the platform are properly verified, which benefits the security of the platform.
Trading limits have been set per user. The height of these limits depends on the verification status of the user. Have you completed the full verification process? Then you can trade up to €100,000 per week.
Users can use an online wallet. You can store your purchased cryptocurrencies in this wallet and use them to purchase other cryptocurrencies. Using the online wallet is safe.
Access to your account is also secured as well as possible. As with most crypto exchanges, you have the option to secure your account via 2-factor authentication.
Bitcoinmeester review – Security and reliability: 5/5
Bitcoinmeester trading fees
Good news, because the trading fees have been reduced to 1% this year. Based on your monthly trading volume, this can drop to just 0.1%. However, you will have to trade more than 1 million euros in cryptocurrencies per month.
Unfortunately, Bitcoinmeester remains one of the more expensive crypto exchanges. The difference with the current cheapest exchange Binance is still on the large side. For example, at Binance you only pay 0.1% in trading fees.
Furthermore, there are the transaction costs that come into play when you deposit euros from your bank account to the platform. If you do this via iDeal or a bank transfer, you do not pay any transaction costs. However, if you use Bancontact or Giropay, you pay 1.1% and 2% transaction costs respectively.
Crypto staking Bitcoinmeester
Bitcoinmeester offers various options for crypto staking. At the moment you can choose from 15 different altcoins. The staking percentages vary between 2% and 10.5%.
Bitcoinmeester review – Costs: 3.5/5
Ease of use Bitcoinmeester
In our eyes, Bitcoinmeester scores well on user-friendliness. The platform looks simple and is completely in Dutch. The number of different trading options is more limited compared to other crypto exchanges. This may be a limitation for the experienced crypto trader. But for the novice crypto investor, this ensures that the platform remains clear.
The range of cryptocurrencies is large. In addition to Bitcoin, more than 200 different altcoins are for sale on the platform. This is more than most brokers and exchanges currently offer.
You can also use the platform via the app. Both the Android and the IOS version are available. Both apps offer the same functionalities as the web version.
Bitcoinmeester review – User-friendliness: 4/5
Customer Service Bitcoinmeester
In our opinion, Bitcoinmeester scores well on the customer service section. For questions, you can contact customer service employees by phone or via online support on weekdays from 09:00 to 17:00. In addition, the email team is available daily from 09:00 to 21:00 to help you further. Customers are generally satisfied and give the company 3.6 stars on Trustpilot.
Bitcoinmeester review – Customer service: 4.5/5
Bitcoinmeester review final verdict
We think Bitcoinmeester is a great option if you are just starting to trade cryptocurrencies. The platform is clear and easy to use. The range of cryptocurrencies is also large, so there is a good chance that the coin you trust is among them. The biggest disadvantage of Bitcoinmeester is the high trading fee. This is a point to take into account, especially for active crypto traders.
Bitcoinmeester rating: 4/5.
Are you enthusiastic after reading this review? Then register with Bitcoinmeester immediately and start trading right away.
