BTC Direct is an exceptional direct deposit method where users can transact using cryptocurrency and euros. This payment processor is hassle-free and only requires use of a mobile device to deposit. This payment processing method was created by Davy Stevens, who is also responsible for the first hardware wallet for bitcoins known as Trezor. Davy Stevens launched BTC Direct in 2013 in the Netherlands. The method is well-known for its speed, and people can buy crypto in three simple steps. Start using BTC Direct to enjoy their ideal direct deposit services. Below are the top crypto sites accepting BTC Direct.
Top 3 sites for buying, selling and trading crypto with BTC Direct
This is the toplist with the best crypto brokers in .This is the toplist with the best sites to buy, sell or trade cryptocurrencies through BTC Direct. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button.
We generally recommend using an exchange or platform with good track record, great reputation and positive feedback from its customers. The better option for you as customer, the better ranking we give them.
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- 1 Buy Crypto with BTC Direct
- 2 Top 3 sites for buying, selling and trading crypto with BTC Direct
The deposit method offers its users a separate cryptocurrency wallet for the currencies it provides. BTC Direct also has modern crypto with suitable technical tools and favorable trading terms. The broker’s reputation has increased as it was recognized officially as a direct deposit method even by the Dutch Central Bank. The deposit method is known for being one of the oldest in the crypto world, making it possible to buy bitcoin and make transactions accessible. BTC Direct offers trading of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple, and charge a standard transfer fee, as mentioned in the costs section below. BTC Direct revamped their site in 2021, making it so that you cannot withdraw crypto from the exchange or receive staking rewards.
+BTC Direct has a simple and convenient trading terminal interface.
+It allows trade of the major cryptocurrencies on the exchange, and are pegged on the Euro.
+The exchange allows transfers into fiat funds
+BTC Direct provides extensive and current news on cryptocurrency trends
+It provides discounts and low commissions for large trades.
-The technical support is in only six European languages.
-There are no plans for the expansion of cryptocurrencies.
-The verification system can be time consuming to finalise (AML verification).
-BTC Direct has no wallet functions.
-It has a slow and inaccessible customer service.
What is BTC Direct?
It works as a trading exchange for five digital currencies, including Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash. The exchange allows you to deposit euros for trading via mobile browsers and desktops. It is unique as it does not own any Bitcoin; it places an international exchange once it receives customers’ payments. The Dutch exchange makes it easy for the investors to engage with a fast, user-friendly exchange to facilitate transactions and enjoy excellent transactions services in the cryptocurrency world.
BTC Direct Costs
BTC Direct fees cut a percentage during transactions. The fees for purchasing BTC cut a fee of 2 percent and charge a fee of 1 percent to sell BTC. For other transactions of other cryptocurrencies such as LTC and ETH, the fee for purchase is 3 percent, while for selling is 2 percent. The deposits and withdrawals are free when transacting using iDEAL or bank transfers. However, deposits with credit cards incur a fee of 1.5%. Crypto sites that accept BTC Direct, including Cointelegraph and Coinbase, help facilitate these deposits and utilize the same transaction costs.
Transaction speed for BTC Direct
The transaction speed on the exchange is within two minutes. The transaction is fast and facilitated through nodes and miners, who process it in the blockchain. People choose the method since it is rapid and direct, making sure one receives the deposit instantly.
BTC Direct Deposits
1. Select BTC Direct from the deposit options on your Apple mobile payment, or Google Pay.
2. Enter the amount you would like to deposit and press ENTER
3. Verify the transaction using the preferred method of choice on the mobile device.
Which are the main countries where BTC Direct is used?
The direct deposit method is used in countries within the Single Euro Payments Area (SEPA), and it functions in only six languages. The exchange is functional in SEPA member states, such as Belgium, Netherlands, Spain, and Malta.
Can you withdraw with BTC Direct?
Yes you can withdraw funds with the exchange. It supports various payments methods, including:
Reputation of BTC Direct
The exchange has gained lots of reviews due to its longevity in the crypto industry. It has gained regular clients with a reliable deposit method for crypto sites that accept BTC Direct. Its instant speed and reliability has made it popular among crypto users. It is most suitable for beginners due to its easy to use feature. Many applaud the vision of the exchange of allwoing its users to hold their private keys. Users have to arrange for a wallet software themselves as the exchange does not offer wallets. On the downside, the exchange is limited to only five digital currencies. These are Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash. Many advanced crypto traders have criticised this with no plans to expand into other crypto coins and tokens.
BTC Direct FAQ
Below are some of the most frequently asked questions that Crypto Lists received from users.
Is it safe to use BTC Direct for cryptocurrencies?
Yes, it is a safe deposit method for crypto. It has an esteemed reputation in the crytocurrecny industry with regular clients. In addition, the Dutch Central Bank has registered it.
How do I set up BTC Direct?
1. Click register on the top right hand side of the browser
2. Input your email address and confirm your entry
3. Input your personal information which includes your names and password
4. Verify your Phone number with the code sent over text.
5. Confirm your identity by uploading an identification document such as Passport, Identity card or driver’s license.
6. Once verified, you have successfully set up your account.
Is BTC Direct instant?
The direct deposit method is known for its instant speed and simpilicity in making transactions. The company is transparent and facilitates decentralization. Therefore, the nodes and miners in the exchange make the transaction speed fast and reliable.
When was BTC Direct founded?
It was founded in 2013 by Davy Stevens.
Where is the mother company based?
It is based in the Netherlands.
Does BTC Direct only work on Apple devices?
No, both iOS and Android support the exchange. However, the most common form of payment is through Apple mobile payments.
Can I be funding with BTC Direct anonymously?
The exchange does not allow funding of accounts anonymously in its quest to limit fraudulent transactions. You require to verify your identity before transacting.