Best Crypto Exchanges Netherlands

Top Crypto Apps in the Netherlands

Our comprehensive review process singles out the best digital currency apps for Dutch investors. We study each platform's crypto selection, Euro deposit handling via Dutch payment methods like iDEAL and SEPA, user-friendliness, fees, and security measures. We also assess compliance with regulations from De Nederlandsche Bank (DNB) and the Authority for Financial Markets (AFM). Following this review, we've handpicked the top five cryptocurrency exchanges in the Netherlands.

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1. eToro

eToro is the best choice in the Netherlands for its user-friendly design and diverse crypto offerings, including Bitcoin, Ethereum, and various altcoins. It's not just a crypto exchange, it also supports stocks, commodities, and forex trading. The platform's unique "CopyTrading" feature lets users automatically replicate the trades of successful investors. It also provides a social trading community where users can discuss strategies and market trends. It's a regulated platform, ensuring compliance with financial laws for added security. Additionally, eToro is fully regulated by the DNB and complies with all legal requirements, making it a trustworthy option for Dutch investors.

• Minimum Deposit: €20 EUR.
• Supported Assets: 92 Cryptocurrencies & 3000+ other assets.
• Language Options: Dutch, English & 18 other languages.
• EUR Funding Method: iDEAL, Credit/Debit Card, PayPal, Neteller, Skrill, Rapid Transfer, Bank Transfer, Sofort, Klarna & Trustly.

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2. Bybit

Bybit specializes in crypto derivatives like futures and perpetual swaps, making it the best in this category in the Netherlands. It offers high liquidity and low latency, crucial for high-frequency trading. Users can trade Bitcoin, Ethereum, EOS, and XRP derivatives with up to 100x leverage. The platform also has risk management tools like stop-loss and take-profit options. Bybit's customizable interface allows traders to set up their workspace to suit their needs, and it offers 24/7 customer support in several languages, including Dutch. Aside from trading, it also provides staking services, crypto loans, a lending feature, an NFT marketplace, a crypto debit card and more.

• Minimum Deposit: €10 EUR.
• Supported Assets: 850+ Cryptocurrencies.
• Language Options: Dutch, English & 21 other languages.
• EUR Funding Method: Credit/Debit Card, Easy Bank, Zen, Google Pay, Maestro, Revolut, Advcash, Paysera, SEPA & Bank Transfer.

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‍3. Bitpanda

Bitpanda is renowned for its wide range of assets, not just cryptocurrencies. Users can also trade precious metals, ETFs, indices, currencies, and stocks. The platform supports multiple payment methods, including credit cards, bank transfers, and even iDEAL and Neteller. The user interface is intuitive, making it easy for beginners and experienced traders. It also offers a Bitpanda Savings feature, where users can set up recurring buys for asset accumulation. The exchange is also recognized for its transparency, it frequently undergoes external audits by KPMG and provides proof of funds, highlighting that assets are always backed on a 1:1 basis.

• Minimum Deposit: €25 EUR.
• Supported Assets: 250+ Cryptocurrencies & 3000+ other assets.
• Language Options: German, English, Italian, French, Spanish, and Polish.
• EUR Funding Method: iDEAL, SEPA, Sofort, Neteller, Skrill, Credit/Debit Card, EPS & Giropay.

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4. Bitvavo

Bitvavo is a prominent cryptocurrency exchange based in Amsterdam, established in 2017, that caters specifically to the Dutch market. The platform is available in Dutch and complies with local regulations. Bitvavo provides advanced charting tools and API access for automated trading. It also offers a staking service, allowing users to earn additional income on their crypto holdings. The only downside of Bitvavo is its extremely high fees, which can charge upwards of 2.5% on deposit methods like Sofort and 2% for PayPal deposits. In addition to deposit fees, the exchange charges a trading fee and a spread.

• Minimum Deposit: €25 EUR.
• Supported Assets: 200 Cryptocurrencies.
• Language Options: Dutch & English.
• EUR Funding Method: SEPA, iDEAL, EPS, Sofort, PayPal & Giropay.

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5. OKX

OKX is tailored for institutional clients, offering various financial products like spot trading, futures, options, and other derivatives. It has robust security features, including cold storage and multi-signature wallets. It also offers OTC trading for large-volume transactions. The platform provides various trading pairs and high liquidity, making it suitable for institutional and professional traders. It also has a lending and borrowing service, allowing users to leverage their assets for additional gains. Its high liquidity and institutional-grade features make OKX a top choice for professional and institutional traders in the Netherlands.

• Minimum Deposit: €10 EUR.
• Supported Assets: 350 Cryptocurrencies.
• Language Options: English & 21 other languages.
• EUR Funding Method: Bank Transfer, Credit/Debit Card, SEPA, Apple Pay, or Google Pay.

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How Does the DNB Regulate Crypto?

The central bank of the Netherlands, the De Nederlandsche Bank (DNB) plays a pivotal role in regulating cryptocurrency exchanges within the country. It grants licenses and ensures that these platforms comply with existing regulations. Like international regulatory authorities, the DNB enforces rigorous Anti-Money Laundering (AML) and Know Your Customer (KYC) guidelines to mitigate illegal activities and enhance transparency in the Dutch cryptocurrency market.

To operate within the Netherlands, exchanges are required to meet the stringent security criteria established by the DNB. These protocols aim to safeguard both customer information and assets against potential risks. Furthermore, the DNB emphasizes the importance of transparent and effective communication with customers to build trust in the rapidly growing Dutch cryptocurrency ecosystem.

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Do you have to pay tax on Crypto in the Netherlands?

Yes, in the Netherlands, cryptocurrency is perceived as a digital asset rather than a conventional currency. The Dutch tax authority, known as the Belastingdienst, oversees the taxation of cryptocurrencies. Generally, individual crypto assets are taxed under Box 3 as "other property", where a 30% tax rate is applied to the calculated returns based on the asset's market value.

In cases where an individual is actively trading or mining cryptocurrencies as a business endeavor, the resulting profits and losses fall under Box 1, categorized as "stock in trade". Notably, converting cryptocurrencies to fiat currencies is not subjected to Value-Added Tax (VAT). Nonetheless, purchasing goods and services with cryptocurrencies will incur the standard VAT rates.

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Is Binance Restricted in the Netherlands?

Yes, Binance is restricted in the Netherlands. The De Nederlandsche Bank (DNB) declared that Binance was operating without necessary legal registration, contravening the Anti-Money Laundering and Anti-Terrorist Financing Act. This led to a EUR 3,325,000 fine for Binance. Although Binance has now applied for registration and demonstrated transparency, its operations were deemed serious violations due to the inherent risks associated with crypto transactions, including money laundering and terrorist financing.

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The Bottom Line

To recap, Dutch investors diving into the cryptocurrency market in the Netherlands, choosing a trustworthy exchange is the first step. Our research highlights top platforms such as eToro and Bybit, which not only offer a vast selection of assets but also adhere to Dutch regulations, ensuring a secure and straightforward investment journey. These platforms stand out for their user-friendly interfaces and varied options for Euro deposits.

As you venture into this market, remember to acquaint yourself with the tax rules and legalities surrounding crypto trading in the country. The Dutch government embraces digital assets, paving the way for a supportive environment in the fintech sector. Keep abreast of the latest developments and guidelines to make informed decisions and safeguard your investments. Our daily newsletter is here to assist you in navigating this dynamic landscape efficiently.