What should you take into account before you buy Bitcoin?
If you want to invest in Bitcoins, you have to take into account the fact that it is a risky investment. The Bitcoin price can rise quickly, but also fall quickly. So always make sure that you only invest with money that you do not need for important things, such as the monthly rent, your groceries or emergencies.
Then it is wise to determine what amount you want to invest in Bitcoin. Buying Bitcoins with iDEAL or Bancontact is already possible from € 1 and it is not mandatory to buy 1 whole BTC. If you have an amount in mind, it is important to choose the right time. This is completely dependent on your own feelings and research.
Tip: read here how you can invest in Bitcoin by means of dollar cost average.
If you are actually going to buy Bitcoins, it is necessary to choose a broker that suits you best. Especially if it is your first Bitcoin purchase, it is easy to choose a broker where you can pay with iDEAL.Only safe and reliable Bitcoin brokers
At the above brokers you can easily buy Bitcoin and these brokers are reliable parties with a good reputation in the Netherlands. You will receive your own online wallet from all the brokers shown, this is a custody wallet in which you manage your Bitcoin. Normally, additional software is necessary for this. Keep in mind that it is safer to store your BTC in-house.
Keep the following things in mind when investing in Bitcoin:
- Prices can change quickly. So there may be a price difference between selecting your BTC and during payment
- There are costs associated with buying Bitcoin (trading costs and sometimes also transaction costs)
- In general, you need to be verified from a certain amount. Every broker has his own way for this, but with all brokers this takes extra time. Think of a bank account verification, proof of identity verification or a residence verification. This is also called Know Your Customer
- Paying with PayPal is often not possible, check out the possibilities for buying Bitcoin with PayPal here.
How do I choose a broker to buy my Bitcoin?
Currently, there are more than ten brokers active that all have the same goal: to easily buy and sell Bitcoin in the Netherlands and Belgium. Choosing a suitable broker is completely dependent on person to person. It is just what you find important and what your intentions are. To determine whether a Bitcoin broker is suitable for you, you must take the following things into account:
- The amount of the trading costs that is charged. On the following website you can compare Bitcoin prices and see exactly who is currently offering the lowest Bitcoin price.
- How fast does the broker deliver BTC?
- Is there a mobile app available?
- How big is the range, if you plan to invest in other digital currencies
- A good (Dutch) customer service
- When does a verification take place?
- Which payment methods are offered (iDEAL, Bancontact or credit card)?
Almost all the above brokers have set up their system in such a way that it has become very easy to buy BTC with iDEAL or Bancontact. If you take the above points into account, you can easily find a suitable broker that suits you. Frequently Asked Bitcoin QuestionsWhere can I buy Bitcoin? With which payment methods can I buy Bitcoin in the Netherlands and Belgium?
You can buy Bitcoin with iDEAL, Bancontact, credit card and bank transfer. When you use iDEAL and Bancontact, you are assured that your order will be executed immediately. With credit card payments, extra verifications often have to be carried out. And with bank transfer, it can take a little longer (depending on your bank). What fees are charged when buying Bitcoins?
Creating an account is always free. Every broker charges trading fees to use the platform, this varies from 0.25% to 5% or more. These costs are included in the price you see. In addition to trading costs, some brokers also charge transaction costs (for example for iDEAL payments) or deposit costs to top up your account. This is different for every broker. How long does it take before I own a Bitcoin after purchase?
With brokers that offer their own wallet, you will receive the Bitcoin almost immediately. You don’t have to wait for this. For brokers that do not offer wallet support, it can take up to 30 minutes for the transaction to be confirmed on the blockchain. If it is your first purchase, it may take a little longer with some brokers, this has to do with verifications that have to be carried out. After your first transaction, all your orders will be processed immediately. What is the minimum investment amount?
In principle, you can invest any amount in Bitcoin. A broker imposes limits and this differs per broker you choose. At Bitvavo you can invest from € 1, but with other brokers it may be the case that you have to invest at least € 30. So keep this in mind if you want to invest smaller amounts. Can I also buy 0.01 Bitcoin?
Yes, you can also buy part of a Bitcoin. This has the advantage that you can actually invest any amount. 1 Bitcoin is divided into 100 million Satoshis, where 1 Satoshi equals: 0.00000001 BTC. Do I need additional software?
To manage Bitcoin you need a wallet. This is a digital wallet in which you store your Bitcoin. Some brokers have built-in wallets and with other brokers you have to arrange a wallet yourself. This is clearly stated on our website, and the broker will always let you know.