BLOX Review: The Dutch Crypto App
In this review we take a closer look at BLOX: a Dutch crypto exchange that focuses on the novice investor in crypto. BLOX can only be used via the app on your smartphone. A lot of attention and time has been put into the user-friendliness of the platform. This distinguishes BLOX from other crypto exchanges. We have listed all the pros and cons for you.
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BLOX review
Users rate BLOX 4.2/5 on Trustpilot. The time invested in the convenience and user-friendliness of the app therefore translates nicely into a positive customer rating. In addition to customer appreciation, in our BLOX review we also looked at the security and reliability of the platform, trading fees, user-friendliness and customer service.
Can BLOX be Trusted?
Yes, BLOX is a reliable Dutch platform for trading crypto. BLOX is part of the larger BTCdirect and has a license from the Dutch bank. License holders are required to verify the identity of their users. BLOX therefore knows all users on the platform, which benefits security.
Furthermore, every user has the option to set trading limits in his account. And it is possible to secure your account with 2FA (two-factor authentication).
BLOX review – Safety and reliability: 5/5
What are the Сosts of BLOX?
Is BLOX cheap? If you look at the alternatives in the market, BLOX is not the cheapest, but also not the most expensive. At BLOX you pay 1% in transaction costs for every transaction. That is comparable to Bitcoinmeester, but a lot more expensive than Bitvavo (0.25%) and Binance (0.1%). BLOX is cheaper than Litebit (1.25%).
BLOX transaction costs are transparent and understandable. For example, an equal fee of 1% applies to every transaction. And these fees are clearly displayed before the transaction is completed.
BLOX Review – Cost: 3.5/5
User-friendliness BLOX
As mentioned, BLOX distinguishes itself in terms of user-friendliness. It is good to know that BLOX can only be used via the BLOX app on your smartphone. The app is clear and well-arranged. This way you quickly gain insight into the current Bitcoin price and you have direct access to your wallet.
BLOX review – Usability: 5/5
Customer Service BLOX
BLOX attaches great importance to customer service. The team can be reached by telephone on working days from 9 a.m. to 10 p.m. And on weekends from 12:00 to 17:00.
You can also reach BLOX via email, and via Twitter, Facebook, Instagram, Youtube and Telegram. It’s nice to know that BLOX regularly holds a question time on YouTube, for which you can submit your own questions.
BLOX review – Customer service: 4.5/5
Conclusion
BLOX is ideal if you are new to the world of crypto. The platform is clear and easy to use, which is absolutely important when you buy crypto for the first time. Make sure you have a smartphone, because BLOX can only be used via the app.
The biggest disadvantages of BLOX are the transaction costs, which are a bit on the high side. The range of different altcoins and trading options is also somewhat limited. All in all, BLOX is a great option for the novice crypto investor.
BLOX rating: 4.5/5.
Did you become enthusiastic after reading this review? Then immediately download the BLOX app and start trading immediately.
