How and Where to Buy Crypto & Bitcoin in the Netherlands (2024)
Unsure about how to purchase crypto in the Netherlands? You’re in the right spot! This guide will lead you through buying Bitcoin and other digital currencies securely and effectively in the Netherlands.
Table of Contents
How to buy crypto in the Netherlands: A step-by-step guide
Below is a straightforward guide to purchasing crypto in the Netherlands:
Quick Answer
- Step 1: Select a reputable crypto platform compliant with Dutch regulations.
- Step 2: Register and verify your identity.
- Step 3: Deposit fiat currency using your preferred payment method, such as bank transfer or credit card.
- Step 4: Place a buy order for your chosen cryptocurrency, indicating the amount and payment method.
Once bought, your cryptocurrency will be in your account wallet.
Transaction fees may differ, and certain exchanges may require additional identification for larger transactions or regulatory compliance.
What is the best way to buy crypto and bitcoin in the Netherlands?
You can buy Bitcoin and other cryptocurrencies in the Netherlands in many ways. Here is the list of them:
Option 1: Crypto exchanges
Cryptocurrency exchanges are platforms where people can buy, sell and trade digital currencies.
Currently, there are over 300 exchanges worldwide for trading cryptocurrencies from which you can choose, with the number getting up. Prices for the same cryptocurrency can differ by up to USD 1000 across these platforms.
There are two types of exchanges: centralized and decentralized.
Decentralized exchanges
Decentralized exchanges (DEXs) are on the blockchain, enabling crypto trading without a central authority or intermediaries. They use automated market makers (AMMs) or order books to match trades, with users holding funds in smart contracts.
Centralized exchanges
Centralized cryptocurrency exchanges act as marketplaces where users can do various crypto transactions. Centralized exchanges are run by one entity, managing user accounts and keys.
Users rely on the exchange to handle their assets and transactions.
📚Related: Best Crypto Exchanges in Netherlands
Option 2: Bitcoin ATM
Cryptocurrency ATMs, also known as Bitcoin ATMs or BTMs, are machines where users can buy Bitcoin and other cryptocurrencies using regular money. They work like traditional ATMs but for digital assets.
How do crypto ATMs work? Well, users can deposit cash and choose their desired cryptocurrency, with the Bitcoin ATM giving them the right amount. Users can insert cryptocurrency for withdrawals and get the equivalent cash after verification.
In the Netherlands, there are about 36 Bitcoin ATMs scattered throughout the country. They’re found in cities like Amsterdam, with over 20 Bitcoin ATMs, and Arnemuiden, where Coinhub Bitcoin ATMs allow you to buy Bitcoin online with a card.
Option 3: Peer-to-peer exchanges
Peer-to-peer (P2P) platforms allow direct trading of crypto assets between buyers and sellers.
These cryptocurrency trading platforms offer more privacy than regular online transactions and support trading various cryptocurrencies using different payment methods. P2P exchanges are handy for trading less popular or high-value assets while avoiding extra fees.
Option 4: Crypto brokers
Cryptocurrency brokers help you trade cryptocurrencies for regular money like USD or EUR. They connect buyers and sellers, often through online platforms.
Users can open accounts with online brokers to trade various assets, including cryptocurrencies and stocks, using contracts for difference (CFD).
Looking for a versatile option? Discover swissmoney
Introduced in 2021, the swissmoney wallet offers a versatile solution for holding and spending cryptocurrencies. It focuses on security and ease of use, addressing challenges faced by traditional banks with cryptocurrencies.
Developed by Swiss experts, it allows users to deposit, receive, sell, and buy Bitcoin and other cryptocurrencies, transfer fiat money, and obtain a payment card with high daily spending limits.
Main features:
- Dedicated IBAN accounts for effortless global transactions in both crypto and fiat.
- Support for multiple crypto and fiat currencies within accounts.
- Advanced security measures including KYC, 2FA, and biometric identification ensure asset protection.
- Multiple deposit options for your convenience.
- Quick processing and fixed fees for instant transfers and crypto conversions.
- Effortless inclusion of crypto assets onto your card for spending.
- No hard spending limits.
Best crypto exchanges to buy Bitcoin in the Netherlands
Choosing the best crypto exchange in the Netherlands depends on what you prefer. Here’s a quick look at some of the most popular options.
These exchanges offer low fees, robust security, and easy payment methods for Dutch users who want to buy Bitcoin. Consider what you need and like to find the right fit for you.
Best centralized exchanges
Centralized exchanges (CEXs) are like traditional stock exchanges, managed by one company and holding users’ funds. They’re famous for their ease of use and low fees.
Despite being centralized, these crypto exchanges are more widely used than decentralized markets, which could affect cryptocurrency decentralization.
📚Read: Centralized vs. Decentralized Crypto Exchanges
Here are some of the best centralized exchanges for buying Bitcoin in the Netherlands:
#1 Bitstamp
Established in 2011, Bitstamp is a European cryptocurrency exchange. It offers to trade in fiat currencies, Bitcoin, and other cryptocurrencies.
Initially conceived as a European counterpart to the ill-fated Mt. Gox, Bitstamp facilitates free fiat currency deposits through the European Union’s Single Euro Payments Area. This way, it streamlines money transfers between European bank accounts.
Main features:
- Robust security measures.
- Competitive fees.
- A range of advanced trading features.
#2 Coinbase
Founded in 2012 by Brian Armstrong and Fred Ehrsam, Coinbase stands as a prominent US-based company operating a cryptocurrency exchange platform. It holds the position of the largest cryptocurrency exchange in the United States based on trading volume.
Main features:
- Extensive cryptocurrency selection.
- Simple and advanced trading tools.
- Educational content for beginners.
📚Read: How to Withdraw from Coinbase: A Comprehensive Guide
#3 Bybit
Bybit is a popular exchange for trading between regular money and cryptocurrencies. It has competitive features and allows users to buy and sell digital assets using traditional currency.
Bybit offers various withdrawal methods and prioritizes security. It’s a reliable platform with automated trading options and a wide range of assets.
Main features:
- Cryptocurrency variety.
- Strong liquidity and volume.
- Insurance fund for security.
Best decentralized exchanges:
Decentralized exchanges (DEXs) are a different type of platform for trading cryptocurrencies. They’re not operated by one company and use smart contracts for trading through automated market makers (AMM). It makes them more secure but can be a bit trickier to use.
Here are some of the best decentralized exchanges for buying Bitcoin in the Netherlands:
#1 Uniswap
Uniswap is a major player in Ethereum trading. It lets you directly access public blockchains like Bitcoin, Bitcoin Cash, Avalanche, and BNB Smart Chain.
Known for its high trading volume and simple interface, Uniswap makes it easy to swap ERC-20 tokens (a type of Ethereum-based token).
Main features:
- Lots of liquidity.
- Wide variety of ERC-20 tokens.
- User-friendly interface.
#2 Curve
Curve focuses on trading stablecoins and does this well. This decentralized exchange is excellent for trades with minimal price changes. It works with many different blockchains, giving you lots of choices.
Curve is a good option if you’re into trading stablecoins or similar assets and want to avoid significant price swings. It offers plenty of liquidity, making trading smoother and more efficient.
Main features:
- Specialized in stablecoins and similar assets.
- The exchange supports multiple blockchains.
- Low-price change trading.
#3 dYdX
dYdX stands out from conventional decentralized exchanges by specializing in derivatives and margin trading. With dYdX, you can engage in advanced trading, including leveraging perpetual contracts.
It is ideal for those seeking sophisticated trading opportunities. The dYdX offers decentralized trading capabilities that are not commonly found elsewhere.
Main features:
- Up to 20x leverage.
- Derivatives and margin trading.
- Perpetual contract option.
📚Read: 11 Best Decentralized Crypto Exchanges
Best crypto wallets to buy Bitcoin in the Netherlands
#1 BlueWallet
BlueWallet, introduced in 2017, is a simple Bitcoin wallet for on-chain and Lightning Network transactions. It comes in two versions: one for desktop (MacOS) and another for mobile (iOS and Android).
The wallet focuses on privacy, requiring no personal information or KYC procedures, and supports multiple languages and currencies.
Main features:
- You can pick either a hosted Lightning wallet or connect to your node.
- It lets you securely hold your cold storage or paper wallet without revealing your private key.
- You can send multiple transactions at once.
#2 TrustWallet
Trust Wallet is a Web3 wallet designed for crypto transactions, buying Bitcoin, managing NFTs, and exploring DApps. It’s available as a mobile app and browser extension.
With features like Secure Enclave and biometrics, Trust Wallet prioritizes security and privacy by not requiring personal details. It’s user-friendly and very secure.
Main features:
- Access to Web3 DApps and DeFi protocols.
- Access to NFT marketplaces.
- No need for personal data.
📚Read: How to Withdraw From Trust Wallet
#3 Skilling wallet
The Skilling wallet is part of the Skilling platform, a Scandinavian fintech company founded in 2016. It provides diverse financial services, such as trading currency pairs, company shares, commodities, indices, and cryptocurrencies.
Main features:
- Rapid execution time averaging 0.05 seconds.
- User-friendly interface.
- Trade Assistant tool tailored for new traders.
Best crypto P2P platforms to buy Bitcoin in the Netherlands
#1 LocalCoinSwap
LocalCoinSwap is a trading platform where you can trade Bitcoin, Ethereum, and other cryptocurrencies directly with other users. It’s user-friendly and offers both custodial and non-custodial trading options.
You can browse other traders’ profiles, check their feedback, and trade using various payment methods, including fiat currencies and cryptocurrencies.
Main features:
- Support of over 300 local payment methods.
- No trading fees.
- A step-by-step guide during the trading process.
#2 Paxful
Paxful is a peer-to-peer cryptocurrency exchange where users can trade Bitcoin and other cryptocurrencies directly without intermediaries. It offers many payment methods and has a mobile wallet app for managing holdings.
Paxful prioritizes secure transactions and operates globally to ensure everyone has safe access to finance when trading with crypto.
Main features:
- Many payment options, including online bank transfers, Apple Pay, and PayPal.
- Easy-to-use interface for mobile and desktop.
- Available in over 150 countries and supports over 20 languages.
- Continuous assistance, FAQs, forums, and account monitoring are available 24/7.
#3 Bitvavo P2P
Bisq is a decentralized peer-to-peer (P2P) cryptocurrency exchange that enables direct buying and selling of cryptocurrencies without intermediaries or relying on third parties.
Unlike centralized exchanges, Bisq does not store users’ funds, thus lowering associated risks. It connects buyers and sellers through a network of nodes to facilitate direct trades.
Main features:
- No need for personal information during sign-up.
- Supports multiple fiat currencies and cryptocurrencies.
- Open-source software for community development and transparency.
How to safely buy cryptocurrency in the Netherlands (step-by-step)
Here are precautionary steps to follow when buying Bitcoin in the Netherlands:
Step 1: Choose a reputable platform.
Evaluate crypto platforms by:
- Checking Trustpilot reviews for reliability.
- Monitoring social media engagement.
- Reviewing news articles for positive or negative coverage.
- Select platforms with a solid track record and no major issues.
Step 2: Prioritize security.
Select a crypto platform with robust security measures like encryption, two-factor authentication (2FA), cold storage, regular audits, and insurance.
Note: the FDIC doesn’t insure cryptocurrency exchanges or cryptocurrency itself.
Step 3: Start with small investments.
Invest wisely by using money you can afford to lose due to market volatility. Conduct thorough research before investing in any cryptocurrency.
Furthermore, Diversify your investments across different cryptocurrencies to lower risk and stay updated on the latest news and trends in the crypto market.
Step 4: Be aware of taxes.
In the Netherlands, owning cryptocurrencies is taxed like income and considered property. Businesses trading them pay taxes on profits.
The capital gains tax rates for cryptocurrencies range from 9.7% to 49.5%, depending on the taxpayer’s total income.
📚Related: Best Crypto Friendly Banks in Europe
How to choose the best crypto platform to buy Bitcoins in the Netherlands?
When selecting a platform to buy Bitcoins, it’s essential to consider several key factors. Here are the most important ones to remember:
#1 Consider different methods
There are multiple platforms and tools available for purchasing Bitcoins in the Netherlands. Consider which method suits you best. Whether you prefer managing your assets on your phone or using a Bitcoin ATM, the choice is yours.
#2 Compare fees
Different platforms have varying fees. Some charge deposit fees, while others offer free deposits and withdrawals. Trading fees are also crucial to consider.
Regardless of your choice, thoroughly examine the fee structure to avoid unforeseen charges.
#3 Evaluate security measures
Different platforms provide varying levels of security. When safeguarding your digital assets, it’s important to consider key security measures.
Look for platforms with advanced encryption and password protection. Opt for those that support two-factor authentication (2FA) to prevent unauthorized access.
Ensure the platform offers recovery options and backups in case of device loss. Moreover, some platforms also include biometric security features like fingerprint or face recognition.
#4 Check availability and usability
When choosing a cryptocurrency platform, make sure it’s available in your country and supports the tokens you want.
Look for an easy-to-use interface, real-time market data, and notifications for updates. Platforms accessible on Android, iOS, and the web are ideal for convenience across devices.
📚Related: How to Choose Crypto On and Off-Ramp Platform
Note:
- All information provided is dated 8 March 2024 and may have been updated since. Please check each platform’s official website for the latest information.
What are the top payment methods for buying crypto in the Netherlands?
In the Netherlands, there are many ways to pay for crypto. Here are the most popular methods:
Bank transfer
Many cryptocurrency exchanges in the Netherlands allow you to buy Bitcoin and Ethereum using bank transfers. Bank transfers can take anywhere from a few minutes to several days, depending on the bank and the platform’s processing time.
📚Read: How to Transfer Crypto to Your Bank Account
SEPA transfer
SEPA transfers are commonly used in the Netherlands to deposit funds for buying cryptocurrencies on exchanges like Bitstamp. Typically, they take 1-2 business days to complete, but this can vary depending on the bank and the platform.
Cash via Bitcoin ATMs
Bitcoin ATMs across the Netherlands let you instantly buy Bitcoin with cash, providing a convenient option for those who prefer physical currency. The process is instant as the transaction is completed at the ATM.
Credit/debit cards
Some exchanges and platforms in the Netherlands accept credit and debit card payments for buying cryptocurrencies, offering a quick and easy payment method.
Credit and debit card transactions can take a few minutes to several days to complete. The duration depends on the platform and your bank.
📚Read: Best Crypto Debit Cards
Cryptocurrency
Certain platforms support crypto-to-crypto trading, allowing users to buy cryptocurrencies using other digital assets like stablecoins or existing cryptocurrencies. The transaction can take a few minutes to several hours.
Is cryptocurrency legal in the Netherlands?
Cryptocurrency is legal in the Netherlands. There are presently no regulations explicitly banning the use or trading of crypto assets in the Netherlands. However, cryptocurrencies are not yet recognized as digital money.
What regulations govern cryptocurrency in the Netherlands?
In 2017, Dutch regulators were actively involved in blockchain experiments and discussions on its risks and potential.
However, presently:
- The Authority of Financial Markets (AFM) regulates financial markets.
- The Dutch Central Bank (DNB) oversees the financial sector.
- The ACM monitors competition and consumer law.
All three have issued statements on regulating ICOs and cryptocurrencies.
The AFM oversees ICOs under financial laws, mandating a prospectus for security tokens. Investment firms trading ICO tokens must follow anti-money laundering laws. Despite risks, the AFM supports ICO potential and operates the InnovationHub with the DNB to guide innovative financial ventures.
The AFM generally doesn’t oversee cryptocurrencies, but it’s attentive to crypto investments. If not supervised by the AFM, cryptocurrencies may fall under the ACM’s consumer protection laws.
The DNB doesn’t regulate cryptocurrencies under current financial laws but monitors their trade through supervised institutions.
What are the tax implications for crypto transactions in the Netherlands?
In the Netherlands, owning cryptocurrencies is taxed in Box 3 of the Dutch tax return like income and considered property. Businesses trading them pay taxes on profits.
Cryptocurrency capital gains tax rates range from 9.7% to 49.5% based on the taxpayer’s total income.
Using cryptocurrencies for purchases incurs VAT, but trading bitcoins for traditional currencies isn’t subject to VAT, as ruled by the EU Court of Justice, a rule also applying in the Netherlands as an EU member.
Why buy crypto on swissmoney?
Experience the simplicity and convenience of purchasing crypto in the Netherlands with swissmoney!
Our platform offers an all-inclusive solution for managing your finances, whether in fiat or cryptocurrency. Enjoy effortless spending, sending, and receiving of both currencies and the ability to buy Bitcoin, Ethereum, and other cryptocurrencies on a user-friendly platform.
Rest assured with our top-notch security measures and regulatory compliance. Additionally, you can benefit from dedicated IBAN accounts and virtual payment cards that you can instantly top up with crypto.
Methodology: How we chose the top crypto buying platforms in the Netherlands
We thoroughly assessed the main ways to buy cryptocurrency in the Netherlands, looking at features, pricing, supported currencies, and the reputation of exchanges and peer-to-peer platforms. We focused on platforms with robust security, competitive fees, and advanced trading features.
Our summaries offer a brief overview of our findings, including trading tools and deposit options for each platform type.
FAQs
Can I buy Bitcoin in the Netherlands?
Yes, Netherlands citizens can trade cryptocurrencies with regular money.
How can I buy Bitcoin online in the Netherlands?
There are various methods to buy Bitcoin online in the Netherlands, including crypto exchanges, crypto ATMs, P2P exchanges, and other crypto broker platforms. Some platforms let you use your credit or debit card to buy Bitcoin, while others only accept bank transfers.
Is the Netherlands a crypto-friendly country?
The Netherlands welcomes cryptocurrencies and has a favourable regulatory environment, following FATF guidelines. It’s a great place for blockchain businesses, with minimal restrictions on cryptocurrency use.
Is it safe to buy crypto in the Netherlands?
Purchasing cryptocurrency in the Netherlands is safe, as there are no laws against it for residents. However, it’s crucial to be careful and stick to trusted platforms to minimize potential risks.
What is the easiest way to buy Bitcoin in the Netherlands?
The easiest way to buy Bitcoin in the Netherlands is through a crypto exchange.
What are the most popular cryptocurrencies to buy in the Netherlands?
In the Netherlands, the top cryptocurrencies to buy are Bitcoin, Ethereum, Ripple, and Litecoin. They’re well-known and traded worldwide, giving investors plenty of choices to diversify their portfolios.
What are the fees for buying crypto in the Netherlands?
When buying crypto in the Netherlands, fees vary based on the platform and transaction type. Here are the main fees you may incur:
- Trading fees: Many exchanges charge a fee for spot trades.
- Deposit fees and withdrawal fees: Depositing fiat currencies is often free, but there may be fees for digital currency withdrawals.
- Exchange storage: Check how exchanges store funds and if they’re regulated for added security.
- Regulatory compliance: Cryptocurrency firms must register with De Nederlandsche Bank. Discussions are ongoing about regulating crypto activities.
- Tax implications: Cryptocurrencies are subject to capital gains tax. Understanding tax obligations is crucial when trading.
Some platforms offer a discount on the fees for new users.
Which crypto exchange is best in the Netherlands?
Some of the best crypto exchanges in the Netherlands include Bitstamp, Coinbase, Bybit, Uniswap, Curve, and dYdX.
Which crypto exchange is best for beginners in the Netherlands?
Some of the best crypto exchanges for beginners in the Netherlands are Coinbase and Uniswap.
Which Bitcoin wallet is best in the Netherlands?
There isn’t a single Bitcoin wallet that universally applies to everyone in the Netherlands. However, some wallets have many valuable features that distinguish them from others.
Some of the best Bitcoin wallets in the Netherlands include the swissmoney wallet, BlueWallet, and TrustWallet.
Can you buy Bitcoin anonymously in the Netherlands?
In the Netherlands, trading Bitcoin anonymously isn’t recommended due to fraud risks and lack of regulation.
Some Bitcoin ATMs and exchanges may only ask for a phone number for verification, but they’re not entirely anonymous. For safety, use a regulated exchange with ID verification.
Where can I buy Bitcoin with the lowest fees in the Netherlands?
Here are some crypto exchanges with the lowest fees for buying Bitcoin in the Netherlands:
- CryptoWallet.com: 0.8% transaction fees.
- swissmoney: General 0.18% maker and taker fees.
- Bitstamp: 0-0.30% maker and 0.03-0.40 taker fee.
- Bitvavo: Pricing and fees: 0.00-0.15% maker and 0.02-0.25% taker fee.
How do I cash out crypto in the Netherlands?
To cash out crypto in the Netherlands, you must sell Bitcoin or other coins for fiat currencies. It can be done through a crypto exchange, peer-to-peer platform, or other crypto trading platforms, with exchange commissions and possible withdrawal fees.
How do I sell crypto in the Netherlands?
To sell crypto in the Netherlands, follow these steps:
- Choose a trusted platform, whether it is a crypto exchange or a P2P exchange.
- Register and complete KYC verification.
- Deposit funds.
- Sell crypto on the platform.
- Withdraw your funds to your bank account.
📚Read: How to Exchange Crypto for Fiat
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