Review on Bitvavo by Pedro O. Alvino M.
Recognized centralized exchange for European residents.
Exchange developed in 2019, is intended especially for European countries, since a large part of the countries admitted for bank deposits are located in this region, in which the official currency of the European continent is admitted, in this case the EUR, to trade with various currencies supported on the exchange with a good trading volume.
Bitvavo was mainly a cryptocurrency broker, but then it became a crypto-assets exchange in 2019, being one of the most renowned exchange in the European entity, despite the fact that exchange still requires more commercial models and a mobile version.
In terms of its characteristics, it is designed for any traders, be they experienced or with little experience, since its interface has basic and experimental tools for price analysis, in which the execution of orders does not present delays and does not contain Bots that can alter the friction of the trading pair market.
With a good program of fees and commissions, the exchange is perfect for any user, to be able to carry out basic exchanges with crypto assets and in this case the EUR, although it is worth adding that it is necessary to integrate more commercial models in cryptocurrencies given the high competition in the market of crypto exchanges.
Pros
- It has a basic and experimental interface for operators.
- Supports Fiat and various bank or electronic deposit methods.
- Accounts with excellent trading commissions mechanism and withdrawal system.
- It has two-factor authentication and anti-phishing protection.
- Includes an offline storage system for the protection of crypto assets.
- It has excellent liquidity in most of its exchange pairs.
Cons
- It does not yet have a mobile app.
- Very few cryptocurrency trading models.
