Best Crypto Exchange in the Netherlands for June 2022 – Business 2 Community

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There are plenty of crypto exchanges in the Netherlands, which can make choosing a suitable platform a daunting task.

Today we save beginners countless hours of research by reviewing the best crypto exchanges in the Netherlands for 2022.

Each review focuses on core metrics surrounding fees, supported crypto tokens, security, payment types, and more.

Detailed reviews of each of the above-mentioned Dutch crypto exchanges can be found below.

The Top Bitcoin Exchanges in Netherlands Reviewed 

When researching for the best Netherlands Bitcoin exchange, it’s important to look at key information such as fees, what crypto tokens are available to trade, and ease of use.

1. eToro – Overall Best Crypto Exchange in the Netherlands

eToro is the overall best Netherlands crypto exchange. The platform is registered with De Nederlandsche Bank (the DNB) as a custodian wallet provider and is also permitted to engage in trading services between digital and fiat currencies.

The trading platform also operates under the supervision of regulatory bodies, such as CySEC, ASIC, the FCA, and the SEC. As such, not only is this one of the biggest crypto exchanges, but it’s also super safe and easy to navigate.

eToro also enables users to ‘follow’ other traders, ‘like’, and comment on posts as well as buy and sell a range of assets. There are thousands of assets listed at eToro. This includes cryptocurrencies such as Bitcoin, which can be bought and sold for a fixed fee of 1%.

The minimum investment is just $10 (around €9.60) at eToro. The option of buying just a fraction of a digital currency like Bitcoin makes it more achievable to enter the crypto market for most traders. There is also a long list of stocks, which includes those listed on the Amsterdam exchange as well as others from around the world.

Traders can also access commodities, indices, and ETFs. In terms of trading tools, there are customizable price charts, and people can create a watchlist of assets they are interested in monitoring.

Moreover, Copy trading allows people to allocate $200 (around €192) to an experienced investor and have any order they place mirrored in their own portfolio. Another way Dutch traders can shorten the learning curve is to invest in a Smart Portfolio.

The minimum, in this case, is $500 (around €481). There are many Smart Portfolios to choose from and 10 of them solely focus on cryptocurrencies. Essentially, when a trader allocates funds to a Smart portfolio, they are copying multiple cryptocurrencies across to their eToro account without having to place numerous orders.

The minimum deposit at eToro is just $50, which is about €48. Supported payment types include credit/debit cards, Sofort (formerly Klarna), SEPA, Trustly, and iDEAL. People can also make a deposit at eToro using e-wallets such as PayPal, Neteller, and Skrill.

In any case, the fee when making a deposit is a small 0.5% of the funding amount. This is because, rather than euros, eToro operates in USD. This, of course, means that traders will not have to calculate EUR to USD. Instead, the account will match the currency that assets are quoted in.

Cryptoassets are a highly volatile unregulated investment product.

2. Crypto.com – Secure Crypto Exchange With Savings Accounts

The Crypto.com exchange is highly reputable and offers Bitcoin as well as 250 other digital assets. Crypto.com also has an NFT platform for those that wish to diversify and purchase one-of-a-kind digital assets.

Besides eToro, this is one of the top crypto exchanges in the Netherlands for various reasons. The trading fee when buying cryptocurrencies is 0.4% maximum, which is competitive. Not only that but the commission fees are reduced for those who trade in higher volumes. 

Crypto.com has its own cryptocurrency. This is called CRO and if traders add it to their portfolio, they can use it to pay fees. The platform offers a rebate on this. Moreover, traders who wish to stake CRO and do so for 180 days or more can apply for an APR of 20%.

The minimum deposit to start trading at Crypto.com is $20, which is around €19. The platform allows investors to fund their accounts with SEPA without charge. Bear in mind that this takes 2-5 business days at this exchange.

Traders who wish to buy cryptocurrencies within a shorter time frame can opt for a credit or debit card. The fee for deposits using this payment method is 2.99%. Crypto.com offers interest on various digital currencies. Bitcoin, for instance, comes with a maximum APY of 6%. 

Cryptoassets are a highly volatile unregulated investment product.

3. Bitstamp – Crypto Exchange With High Security

Bitstamp is another option for traders looking for the best crypto exchange in the Netherlands. Like eToro, this exchange keeps the majority of traders’ crypto assets offline in cold storage.

Additional safety precautions can also be implemented by protecting the account with 2FA, whitelisting, and creating a strong password. There are more than 155 markets to choose from and fractional trading is possible. This allows traders to allocate as little as €10 to Bitcoin or any other crypto asset.

The standard commission fee at Bitstamp is 0.5% on each buy and sell order. Deposit types include credit cards, which attract a fee of 5%. SEPA deposits are fee-free, although €3 is payable on all withdrawals via this payment type.

Another way to avoid a deposit fee is to top up the account with Bitcoin. A withdrawal in Bitcoin commands a fee of 0.0005 BTC. Like at Crypto.com, traders can earn rewards from staking. The amount depends on the digital currency held or being purchased.

Finally, there is a free Bitstamp mobile app so that Dutch traders can buy and sell their chosen cryptocurrency on the go.

Cryptoassets are a highly volatile unregulated investment product.

4. Coinbase – Top Crypto Exchange in the Netherlands for Beginners

Traders researching Bitcoin exchanges in the Netherlands will have no doubt come across Coinbase. The platform is one of the biggest crypto exchanges in the Netherlands, with an estimated 98 million verified users.

That said, it’s worth noting that traders who want to buy crypto assets using a debit card will be liable for a hefty 3.99% fee on each transaction. Dutch traders can also fund a Coinbase account via SEPA or iDeal – both of which are fee-free. However, iDEAL can take up to eight days to clear, and SEPA can delay trading by up to three days.

The minimum recommended deposit is $50. In terms of fees, the standard commission to buy and sell crypto at Coinbase is 1.49%. There are over 170 assets available to trade at Coinbase, which makes diversification easier. Another plus point about this platform is that traders can buy a fraction of any token from only $10.

Coinbase offers traders a range of tools, such as customizable price charts and different order types. Advanced tools are also available, which allow traders to utilize leverage, stake assets such as Ethereum 2.0, and earn up to 5% APR on digital currencies.

The Coinbase Card is a Visa debit that enables people to earn up to 4% back in cryptocurrency rewards on purchases. This is available in the Netherlands and can be used worldwide wherever Visa is accepted.

5. Bitonic – First Netherlands-Based Bitcoin Platform

Bitonic is the best Bitcoin exchange in the Netherlands for traders looking for a savings account. The platform allows Dutch traders to set up regular automatic Bitcoin purchases.

This can take place daily, weekly, or monthly and saves busy investors from placing orders manually. Traders can fund a Bitconic account using iDEAL or SEPA for fast and reliable cryptocurrency purchases. Note that SEPA and iDEAL deposits are charged at €0,50 per transaction.

SEPA withdrawals attract a fee of €1 each time. Traders can also make a deposit with Bitcoin. If the amount is 0.1 BTC or more, there is no fee. If less than 0.1 BTC is being deposited, a fee of 0.0003 BTC is charged.

Withdrawals in Bitcoin are charged at 0.0003 BTC to cover the miners’ fee. Bitcoin priority, meaning quick confirmation, is charged at an additional 0.0001 BTC. There is a fixed trading fee of 0.25% at this Netherlands Bitcoin exchange and BTC is the only crypto asset available to buy and sell.

The Best Netherlands Crypto Exchanges Compared

By comparing the best cryptocurrency exchanges in the Netherlands investors can see which providers offer the most competitive fees.

How to Choose the Best Netherlands Cryptocurrency Exchange for You

The above reviews have shed some light on the best cryptocurrency exchange in the Netherlands. We talked about fees, features, regulatory standing, and much more.

To aid traders in making the best decision for their goals, we’ve listed below some of the key considerations to remember before deciding on the best bitcoin exchange in the Netherlands.

Regulation

Regulation is very important, especially with cryptocurrency trading.

The industry is rife with hacking concerns, and the legitimacy and safety of some crypto exchanges is questionable.

Here’s a quick guide on regulation, which should come in useful when researching the best Netherlands crypto exchanges:

• The best Netherlands crypto exchanges are regulated or registered with the DNB at the very least
• The DNB supervises and monitors registered crypto trading platforms in the Netherlands
• This is to ensure they comply with rules surrounding money laundering and offer a fair and transparent service to traders
• In terms of regulation, some of the most well-known bodies to look out for include the FCA, ASIC, CySEC, and the SEC

eToro is one of the best Netherlands crypto exchanges for safety. The platform is regulated by all the above-mentioned bodies and is also registered with the DNB.

Tradable Cryptos 

Some traders research the best crypto exchange in the Netherlands with a specific digital asset in mind.

Whilst this is understandable, it’s also wise to ensure there will be a range of markets should the trader wish to diversify later on.

For instance, at Bitonic, it’s only possible to trade Bitcoin. In stark contrast, eToro offers over 70 different cryptocurrencies.

Sign up Offers

Some of the best Netherlands crypto exchanges offer promotions. A good example of this is sign-up offers or rewards for referring a friend. For instance, eToro offers a $30 reward (about €29) to eligible users who join via a referral link.

Both the existing eToro customer and the person being referred can claim the $30 provided a deposit of at least $100 is made by the latter.

Moreover, the Crypto.com exchange offers free CRO tokens to the value of $50 to traders signing up to the platform and meeting certain terms and conditions.

Fees

Consider fees prior to signing up with a trading platform, as there can be a huge disparity between what traders are liable to pay. The best crypto exchange in the Netherlands will charge minimal fees to trade.

For instance, at eToro, Dutch crypto traders pay a low and transparent fee of 1% when buying and selling crypto assets.

Whereas, Coinbase charges a standard commission fee of 1.49%. Also, look out for deposit and withdrawal fees.

Tools & Features

Even casual traders look for tools and features when searching for the best crypto exchange in the Netherlands. Tools and features will vary, but it’s worth taking a look at what’s on offer.

As we explained in our earlier review of eToro, the platform offers interactive price charts, as well as Copy Trading and Smart Portfolios to allow investors to diversify passively.

Payment Methods

Even the biggest crypto exchanges can be lacking when it comes to supported payment types. Think about which payment method might be preferable and check out what’s accepted by the platform.

The best crypto exchange in the Netherlands, eToro, accepts everything from credit and debit cards to SEPA and iDEAL. Traders can also fund an eToro account via Trustly, Klarna/Sofort, Skrill, PayPal, or Neteller.

Customer Service

Great customer service can only enhance a trader’s experience. As such, the best crypto exchange in the Netherlands will offer multiple ways to contact the customer service team via round-the-clock support.

At eToro, traders can contact the customer support team for help 24/7. Contact can be made via live chat, email, or telephone.

There is also a comprehensive FAQ section whereby traders might find the answer to their query without having to contact the team.

How to Use a Netherlands Crypto Exchange 

Once a trader has decided on the best crypto exchange in the Netherlands, an account will need to be opened from which to buy and sell digital assets.

This guide found eToro to be the overall best crypto exchange in the Netherlands in terms of low fees, user-friendliness, and regulation. As such, we will explain the account set-up process with eToro.

Step 1: Open a Free Account at eToro

Traders can create an account at eToro with little effort and it’s free to join. Enter a unique username and a password. Next, add an email address and click ‘Create Account’. to proceed.

eToro will also request a mobile number, address, date of birth, and nationality. After this, answer a few questions regarding previous trading experience to continue to the next step.

Step 2: Upload ID

Uploading ID is part of the KYC process and this is required by all of the best exchanges in the Netherlands. Simply attach a clear copy of a passport, Dutch ID, or driving license.

Following this, proof of address will be required. This broker accepts a list of different documents.

Some options include utility bills, bank statements, tax assessments or letters, and credit card statements. Check the platform for more options.

Step 3: Deposit Funds

Once the account is open, click ‘Deposit’ to add some funds. eToro accepts deposits as low as $50. Enter this amount or higher and then choose a payment method from the list of options.

Dutch traders can make a deposit via Trustly, SEPA, Neteller, PayPal, Skrill, credit/debit cards, Klarna/Sofort, or iDEAL.

Step 4: Find Crypto 

Here, we are looking to buy Bitcoin in the Netherlands. Users can utilize the search box to find the crypto that they wish to buy.

Simply type the desired crypto asset in the search bar and click ‘Trade’ when it appears in the list that populates.

Step 5: Buy Crypto 

eToro is one of the top crypto exchanges in the Netherlands for multiple reasons, one of which is the fact traders can partake in fractional investing.

Here, we are looking to purchase $30 worth of Bitcoin, which will buy us a small fraction of a token.

Add $10 or more in the box that says ‘Amount’. When entering the stake, the number of units being purchased will appear underneath.

Once happy with the amount allocated to the purchase, click ‘Open Trade’. eToro executes crypto orders straight away, so the tokens can be found under ‘Portfolio’.

Are Crypto Exchanges Legal in the Netherlands?

Dutch people searching for the best crypto exchanges in the Netherlands may be wondering whether they are legal.

• Crypto exchanges are legal in the Netherlands
• However, as of late 2020, platforms are legally required to register with the DNB. This is in addition to complying with pre-existing CFT and AML requirements
• Moreover, crypto exchanges must comply with the requirements of the KYC standards. This includes protecting the client data transferred to the exchange
• Crypto exchanges must also submit a confirmation of the hardware and software’s suitability for work, and a business plan
• Platforms must also submit documentation for AML legislation, such as policies, and internal rules and regulations.

The Netherlands is somewhat advanced when it comes to the acceptance of cryptocurrencies.

Moreover, an increasing number of Dutch businesses and even government entities are accepting digital currencies as payment.

Crypto Tax in the Netherlands

This guide has reviewed the best crypto exchanges in the Netherlands. However, traders should be aware that tax is payable on digital assets in the country.

• The Netherlands taxes cryptocurrencies at a presumed rate of return of 30% on the net value of assets and debt
• Bitcoin and other cryptocurrencies qualify as ‘assets’ for a person who is a Dutch tax resident
• Cryptocurrencies are consequently included in Box 3, or ‘Vermogensrendementsheffing’
• This covers income from investments and savings,
• This income is determined by applying a presumed rate of return based on the value of the net Box 3 value, as of the start of the relevant tax year
• A hypothetical yield is used to calculate the tax rate. Capital gains and actual rental income are exempt
• Instead, regardless of whether any real profits are larger or lower, the Dutch tax office makes the assumption that the payer receives a return of up to 5.69% over their whole asset worth

Furthermore, investors who mine cryptocurrencies need to declare this as income from employment.

This will be taxed under Box 1 and depending on how much is earned. This can be anywhere between 37.07% and 49.50%.

Conclusion

Today we have reviewed the best crypto exchanges in the Netherlands. Before signing with a platform to invest in cryptocurrencies, it’s crucial that traders research the matter in full.

Things to look for include regulatory standing, low fees, the number of digital assets, and ease of use.

The overall best platform to trade cryptocurrencies in the Netherlands is eToro. The platform is very user-friendly, transparent with fees, and accepts a range of different deposit types.

eToro is also registered with the DNB and is regulated by the SEC, ASIC, CySEC, and the SEC.

Cryptoassets are a highly volatile unregulated investment product.

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