Depositing 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.
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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.
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 a piece of cake: all you have to do is upload a copy of an identification document & confirm your mobile number.
You can withdraw money from your account at any time! In this article you can read how this works.
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.