How to Buy Cryptocurrency in Netherlands

Buying cryptocurrency in Netherlands

Buying cryptocurrency in NetherlandsIn 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

Exchanges Info

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

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.

Pros
  • Hundreds of coins and pairs
  • Very low fees
  • High liquidity
  • Trade without verification
Cons
  • No US residents
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Bitfinex

Operating since 2012, Bitfinex has a huge range of coins and trading pairs, a good user interface and low trading fees.

Pros
  • Very low trading fees
  • Large range of coins and trading pairs
  • High liquidity
Cons
  • Slow account verification
  • Two major hacks
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OKEx

OKEx is the second-largest cryptocurrency exchange in the world by volume. It posts over $2 billion in trades daily and has over 400 trading pairs.

Pros
  • Good range of coins
  • DEX trading
  • No hacking history
Cons
  • Not available in US
  • KYC required
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Kucoin

Founded in 2017, KuCoin has already managed to establish itself as “The People’s Exchange.” With 200+ cryptocurrencies and more than 400 markets, it has become one of the hubs for cryptocurrency trading.

Pros
  • Vast selection of altcoins
  • Ability to stake & earn crypto yields
  • Robust security features
  • No forced KYC checks
Cons
  • No fiat currency deposits
  • Trading volume is low

Changelly

Changelly allows you to trade cryptocurrency without registration or verifying the identity through KYC. Being a non-custodial exchange, Changelly doesn’t require you to keep any deposits. The platform also works as a fiat-to-crypto gateway.

Pros
  • Non-custodial exchange
  • Great way to switch altcoins
  • Doesn’t require extensive KYC
  • 2FA security and high exchange limit
Cons
  • A high transaction fee of 0.5%
  • Unclear owners
  • Sometimes their service is quite slow
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Kraken

Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan

Pros
  • It can be used to trade against fiat options
  • Robust security measures
  • Free SEPA deposits in Europe
Cons
  • Not a very beginner-friendly interface.
  • No card deposit options
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