Comparison of Bitvavo vs Altcoin Trader [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Bitvavo vs Altcoin Trader comparison!

Your expert: Alejandro Borja

bitvavo

Bitvavo

  • Threenvest valuation: 4,2/5
  • US legal: No
  • Security: High 4,9/5
  • Mobile App: Yes
Go exchange

Your expert: Xavier Tarrasó

ascendex

Altcoin Trader

  • Threenvest valuation: 3,6/5
  • US legal: No
  • Security: High 4,5/5
  • Mobile App: Yes
Go exchange

Main points

Fees

0,15%/0,25%

Earns

Yes

Customer service

4/5
0,10%

Fees

Yes

Earns

4/5

Customer service


Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes
Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold


Comparison of fees

Rating

4.1 – Low fees with additional discounts for high-volume traders.
3.5 – Competitive fees within South Africa but higher for international transactions.

Level

0,15%/0,25%
0,10%

Brief explanation

Bitvavo’s commission structure is designed to be highly competitive, particularly appealing to both new entrants and experienced traders in the cryptocurrency market. The platform operates on a tiered fee system where the trading fees decrease as the user’s 30-day trading volume increases. Starting from 0.25% for takers and 0.15% for makers, these fees can go as low as 0.03% for takers and 0.00% for makers, depending on the trading volume. This encourages active trading and is beneficial for high-volume traders seeking to minimize costs while maximizing their trading strategies.
AscendEX maintains a competitive and transparent fee structure, which is essential for both casual and serious traders. The platform typically charges a flat fee for both makers and takers, simplifying calculations for users. These fees are generally aligned with industry standards, ensuring that traders can engage in frequent trading activities without excessive costs. Additionally, AscendEX may offer tiered discounts based on the user’s monthly trading volume, which incentivizes higher trading activity with lower fees. For users looking to minimize costs while maximizing trading opportunities, AscendEX’s fee structure is designed to support a wide range of trading strategies and volumes, making it a compelling choice for those who value straightforward and equitable financial dealings in their trading platform.

Bitvavo

bitvavo
Read bitvavo review
  • Year Founded: Established in 2018, Bitvavo has swiftly risen to prominence within the European market, demonstrating robust growth and stability in a relatively short period. This rapid development signifies strong management and a solid business model, instilling confidence in its longevity and reliability.
  • Security Methods: Bitvavo places a high priority on security with comprehensive measures to protect user assets. These include cold storage for a majority of funds, two-factor authentication, and advanced encryption technology, ensuring that users' data and funds are safeguarded against unauthorized access and cyber threats.
  • Possible Regulation: Operating from Amsterdam, Bitvavo adheres to European financial regulations, which are known for their strict standards. Compliance with these regulations not only confirms the legitimacy of the exchange but also ensures it operates under stringent oversight, enhancing user trust.
  • Reputation and Reviews: Bitvavo has cultivated a positive reputation among its users and in the broader crypto community, reflected in numerous favorable reviews. Users frequently cite the platform's user-friendly interface, low fees, and excellent customer service as major advantages, which speaks to its reliability and the quality of services offered.
  • Customer Service: Commitment to providing excellent customer support is a cornerstone of Bitvavo's operational philosophy. The exchange offers responsive support through multiple channels, ensuring that users' queries and issues are addressed promptly and effectively, which is crucial for building and maintaining trust, especially in the dynamic environment of cryptocurrency trading.
  • Pros
  • Low trading fees.
  • User-friendly interface.
  • Wide range of cryptocurrencies.
  • Cons
  • Limited to European users.
  • No educational resources.

Read bitvavo review

Altcoin Trader

ascendex
Read bitvavo review
  • Security Methods: AscendEX employs a comprehensive array of security measures including SSL encryption, two-factor authentication, and cold storage of assets. These rigorous security protocols ensure that users’ data and funds are protected against unauthorized access and cyber threats, fostering a secure trading environment.
  • Reputation and Reviews: Since its inception in 2018, AscendEX has built a solid reputation within the cryptocurrency community. User reviews often highlight the platform's reliability, wide range of services, and user-friendly interface, underscoring its standing as a reputable exchange in the crypto market.
  • Trading Volume and Liquidity: AscendEX supports a high trading volume and liquidity, which is crucial for traders looking to execute large trades without significantly affecting the market price. This high liquidity not only facilitates better price discovery but also enables efficient entry and exit from positions.
  • Customer Service: AscendEX is known for its robust customer support, offering quick and helpful responses to user inquiries and issues. This commitment to excellent customer service enhances user experience and trust, particularly for new traders who may need assistance navigating the platform.
  • Withdrawal and Deposit Policies: The platform’s policies on withdrawals and deposits are clear, secure, and user-centric, ensuring a smooth process for moving funds into and out of the exchange. AscendEX’s efficient handling of these critical operations reinforces its reliability and the trust users place in it.
  • Pros
  • Broad selection of trading options.
  • Supports spot, margin, and futures trading.
  • Staking options available for earnings.
  • Cons
  • Interface may overwhelm new users.
  • No detailed insurance policy transparency.

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Product selection

Native token

No
No

Earns

Yes
Yes

NFT marketplace

No
No

Cripto/debit card

No
No

Company information

Full name

Bitvavo B.V.
Altcoin Trader (Pty) Ltd.

Regulation

Regulated in the Países Bajos
Not regulated

Year founded

2017
2014

Founder

Unknown
Richard de Sousa

Payment methods

Transfers

Yes
Yes

Mastercard

Yes
No

Wire transfer

Yes
Yes

Card

Yes
No

Comparative table

Bitvavo FEATURES Altcoin Trader
Bitvavo allows users to start trading with small amounts, making it accessible for beginners.
Minimum Trade
AscendEX allows small minimum trades, making it accessible for users with smaller capital.
Bitvavo offers some of the lowest fees in Europe, which are transparent and competitive.
Trading and Transaction Fees
Competitive fees, especially favorable for high-volume traders with further discounts available.
Supports a wide variety of over 50 cryptocurrencies, catering to diverse trading preferences.
Number of Cryptocurrencies
Offers a broad range of over 100 cryptocurrencies, catering to diverse trader demands.
Offers a robust selection of trading pairs, allowing for versatile crypto-to-crypto transactions.
Crypto-to-Crypto Trading Pairs
Features an extensive array of trading pairs, facilitating varied and flexible trading strategies.
The website provides clear information about fees, policies, and trading options.
Website Transparency
Generally transparent about fees and terms, though some details on security could be clearer.
While Bitvavo excels in providing a secure and user-friendly trading platform, the lack of an exchange card limits the flexibility for users to spend and gain direct benefits from their cryptocurrency holdings in everyday transactions.
Credit/Debit Card
AscendEX lacks an exchange card feature, which could enhance the usability of cryptocurrencies for everyday transactions and offer additional benefits to its users.
Provides secure storage solutions with cold storage options for the majority of assets.
Storage Offering
Provides secure storage options with cold storage and multi-factor authentication.
Offers staking services with rewards but has room for expansion in terms of options and higher returns.
Staking and Rewards
Offers competitive staking rewards and various incentives for participation in trading activities.
Both the mobile app and desktop platforms are highly user-friendly and well-designed.
Mobile App and Desktop
Both mobile and desktop platforms are well-designed, offering full functionality and ease of use.
Exceptional customer service with multiple channels for support and quick response times.
Customer Service
Robust customer support with responsive service via multiple channels.
Efficient deposit and withdrawal processes, although improvements can be made in variety.
Deposit and Withdraw
Efficient deposit and withdrawal processes are in place, although adding more fiat options could improve accessibility and convenience.

Key features

Analysis tools

Basic charting tools
Basic charting tools

Mobile APP

No
No

Security

High 4,9/5
High 4,5/5

Additional features

Staking, Bitvavo Earn program, API access, fiat on/off ramps
Instant EFT payments, savings wallets, recurring buy orders, OTC trading

Anonymity

No
No

Key points

Available cryptocurrencies

150+
20+

User-friendliness

Bitvavo features an intuitive and user-friendly interface that is easy to navigate, making it suitable for beginners. The platform focuses on providing a smooth and seamless trading experience.
Altcoin Trader is known for its simple and user-friendly interface, which makes it accessible for new traders. The platform focuses on ease of use, ensuring that buying and selling cryptocurrencies is straightforward.

Value for money

Delivers good value for money with low trading fees and a user-friendly interface, making it an affordable choice for European traders.
Delivers decent value for money, especially for South African users, with competitive fees and easy access to local banking options.

Countries of operation

Netherlands, Germany, France, Spain, Italy
South Africa, Namibia, Botswana, Zimbabwe, Lesotho

Best for

Great for European traders looking for a user-friendly platform with low trading fees and a diverse selection of cryptocurrencies.
Best for South African investors looking for easy access to local banking options and competitive fees, making it ideal for regional users.

Base currencies available

EUR, BTC
ZAR, BTC

Account

Trading

Bitvavo is a European exchange known for its low fees and wide range of cryptocurrencies. It offers a user-friendly interface but lacks some advanced trading features.
Altcoin Trader is ideal for users looking to trade a variety of altcoins. The platform is easy to navigate, but its fee structure is slightly higher than average. Additionally, the platform’s customer support could use improvement.

Deposit and withdrawal

Bitvavo supports various deposit methods, including bank transfers and crypto. Withdrawals are processed within a day, with minimal fees, making it user-friendly.
Altcoin Trader provides bank transfer and cryptocurrency deposit options. Withdrawals are usually processed within 24 hours. Fees are relatively low, making it accessible for beginners.

Account opening process

Bitvavo provides an easy and quick account opening process. Users need to fill out personal details and verify their identity. The process is fully digital and typically takes less than a day to complete.
Altcoin Trader has a simple account registration process. It requires basic personal information, proof of identity, and address verification. The process is quick, usually taking less than a day, making it accessible for new users.

KYC required?

Yes
No

Customer Service

Bitvavo provides support via email and live chat. The support team is responsive and helpful, but the lack of 24/7 support can be a limitation for some users.
Altcoin Trader provides support through email and live chat. The support team is responsive and helpful, but the lack of 24/7 availability can be a downside for users needing immediate assistance.

Security

Bitvavo employs comprehensive security measures, including 2FA and cold storage. It is regulated by Dutch authorities, ensuring high security for investors.
Altcoin Trader employs standard security measures like 2FA and encryption. It lacks regulation from major financial bodies, which could be a concern for some investors regarding the safety of their funds.

Which of these exchanges is for you?

alejandro-borja-analista-de-brokers.webp

Alejandro Borja

As an expert on our website, I highly recommend Bitvavo for those looking to engage in cryptocurrency trading, especially within Europe. The exchange combines low fees, a user-friendly interface, and robust security measures, making it an excellent choice for both beginners and seasoned traders. With its wide range of cryptocurrencies and effective customer support, Bitvavo stands out as a reliable platform to efficiently manage your digital assets.
Xavier-tarraso-mascarell.jpg

Xavier Tarrasó

As an expert reviewer on our website, I highly recommend AscendEX for both new and experienced traders looking for a comprehensive crypto trading platform. Its robust security measures, extensive range of cryptocurrencies, and competitive trading fees make it a reliable choice. The platform’s user-friendly interface, coupled with excellent customer support, ensures a smooth trading experience, making it well-suited for anyone looking to delve into the crypto market.

View all comparisons against Bitvavo

View all comparisons against Altcoin Trader

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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