How to Buy Cryptocurrency in Netherlands
Buying cryptocurrency in Netherlands
In the Netherlands, cryptocurrencies are yet to be accepted as virtual currency. The country’s government doesn’t wish to ban them, but strives to regulate them. Furthermore, the Dutch government is looking into laws which were passed in other countries like Japan, Germany and Switzerland to decide whether such models could be applied in the Netherlands. On one end, the government is determined to minimize the risks that come with cryptocurrencies, and on the other, it wants to encourage blockchain technologies with all their benefits. Since the country is a member of J5 (a group of tax enforcement authorities, including Australia, Canada, the Netherlands, the UK, and the U.S.), the Netherlands assumes a pioneering role on cryptocurrency regulation. The Dutch National Bank (DNB) has been testing its very own cryptocurrency called DBNCoin. However, the project wasn’t meant for circulation, but rather to facilitate the analysis of blockchain technologies and their capacities.
As of 20/03/2021
These exchanges all accept customers from Netherlands. While they broadly offer the same services and you can buy cryptocurrency at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below
Binance is one of the largest crypto exchanges with low fees, 100s of coins, and high trading leverage. It is one of the easiest & cheapest exchanges for crypto trading.
- Hundreds of coins and pairs
- Very low fees
- High liquidity
- No US residents
Based in Singapore and registered in the British Virgin Islands, Bybit is a P2P cryptocurrency exchange offering perpetual futures products with 100:1 leverage. Bybit can process 100k transaction per second which is a great feature for leveraged trading.
- Advanced and secure technology
- Anonymous accounts
- Attractive trading bonuses
- Very low fees
- Limited asset coverage
- No option instruments
Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan
- It can be used to trade against fiat options
- Robust security measures
- Free SEPA deposits in Europe
- Not a very beginner-friendly interface.
- No card deposit options
Uphold Disclaimer: Asset availability on the Uphold platform is subject to region. All investments and trading are risky, and may result in the loss of capital. Cryptoassets are largely unregulated and are not subject to protection
Based in Charleston, South Carolina. Serves over 184 countries and has done over $4 billion in transactions. Offers convenient options to swap between crypto, fiat, equities, and precious metals.
- Open to US residents
- Integrated with Brave Browser
- Over 50 different coins
- Also offers precious metals and equities
- Convenient and cheap deposit/withdrawal methods
- High trading fees
- Smaller coin selection compared to some
- No Paypal withdrawal option
- No instant debit card withdrawals