How to deposit money at Bitvavo?
Before you can trade cryptos at Bitvavo, you first need to deposit money into your account. In this article, we will discuss how you can quickly add money to your Bitvavo account.
Don’t have an account with Bitvavo yet? Click here to open an account & pay no transaction fees on your first €1000 of transactions!
Depositing funds at Bitvavo
Depositing money at Bitvavo is easy: just click on the Deposit button within your account.
All you have to do is fill in the amount you want to deposit and the payment method. Depositing with iDEAL, bank transfer and Bancontact is free. For other payment methods, there are transaction fees.
It is only possible to deposit from a bank account which is in the same name as your Bitvavo account.
Verification
Before you can trade unlimited cryptocurrencies with the money in your account, you do need to be fully verified. Bitvavo is registered with the Dutch Central Bank: they have to follow strict rules. By verifying your identity, they prevent your Bitvavo account from being used for illegal purposes.
Verification is effortless: all you have to do is upload a copy of an identification document & confirm your mobile number.
Withdrawing funds?
You can withdraw money from your account at any time! In this article you can read how this works.
Depositing Crypto
It is also possible to deposit cryptos into your Bitvavo account. You can do this by transferring your cryptos from an external wallet to your Bitvavo wallet. You can then sell these cryptos and convert them into euros to buy other cryptos.
You can deposit cryptos to your account by pressing the deposit button within a cryptocurrency. There, you will see the wallet address where you can send the crypto to. It is only possible to send cryptos to your Bitvavo account when the external wallet is verified as well. In this article you can read more about how to deposit crypto to Bitvavo.
Frequently Asked Questions
You can deposit as little as €1 into your account. This makes Bitvavo very accessible, even for investors with a small budget.
When you are verified, there is no maximum deposit amount at Bitvavo. The sky is the limit!
This depends on the payment method you choose. If you choose a fast method like iDEAL, Bancontact, EPS or Giropay, the money will be added to your account immediately. When using a bank transfer, it can take up to two days for the money to appear on your account.
Bitvavo is a reliable party. They do everything they can to secure your account. But there are always risks involved with having a lot of money in your Bitvavo account: hackers are always lurking. In this article about the reliability of Bitvavo we will take a closer look at this.
It is free to deposit money at Bitvavo using iDEAL, SEPA transfer and Bancontact. When using EPS Überweisung or Giropay, you will pay a 1.75% transaction fee on your deposit.
