Do you want to buy bitcoin or other cryptocurrencies for the first time? This can easily be done via Dutch online services, which we will first discuss here.
Attention: the crypto market is unregulated. A currency can rise sharply in value in a short time, but also fall. Therefore, only invest with amounts that you may lose completely and make sure that crypto investments are only a very small part of your total investment portfolio.
Bitcoin remains king: it is the oldest and most secure blockchain. New and young altcoins can promise a lot, but larger projects can also go completely under. So be careful in the crypto altcoin casino: There is a very easy way to return from the crypto shitcoin casino with a small fortune: go there with a large one. Step-by-step plan to buy your first cryptocurrency today
1. Buying Bitcoin through an online service
Those who want to buy crypto coins as a beginner can go to some Dutch websites. We make a selection of reliable and user-friendly websites here.
After creating an account, buying Bitcoin, Ethereum, Litecoin, Dogecoin, Shiba Inu is as user-friendly as buying a piece of clothing on a webshop. But before you can make purchases, you usually have to go through a few steps to confirm your identity. This is because the crypto service providers must comply with the anti-money laundering legislation and they must therefore know the identity of their customers. Sometimes you can buy immediately for very small amounts, but in order to increase the allowed purchase limits, your account must be verified.
- Bitcoin, Ether, Litecoin, Ripple, Stellar,…
- By far cheapest website = more cryptos for your euros
- Assortment of +175 cryptocurrencies
- Promo: Purchases up to €1,000 in your first 7 days at no cost
- Pay by bank transfer, iDEAL, Bancontact
- Based in the Netherlands
- Officially registered with De Nederlandsche Bank
- Read our Bitvavo guide
- Bitcoin, Ether, XRP, IOTA, XLM, EOS,…
- Pay via iDeal, Bancontant, SEPA, Giropay, SOFORT and MyBank
- Assortment of +200 cryptocurrencies
- Based in the Netherlands
- Officially registered with De Nederlandsche Bank
- Bitcoin, Ether, DASH, Ripple, Litecoin,…
- Assortment of +60 cryptocurrencies
- Pay by bank transfer, iDEAL, Bancontact, credit card,…
- Based in the Netherlands
- Officially registered with De Nederlandsche Bank
- Assortment of +140 cryptocurrencies
- Pay with iDeal, Bancontact or credit card
- Based in the Netherlands
- Officially registered with De Nederlandsche Bank
- Bitcoin, Ether, Dash, Litecoin, Dogecoin, XRP, Polkadot, Chainlink, Cardano,…
- Invest in gold, silver and fractional stocks
- Pay by bank transfer, credit card, iDEAL,…
- Bitcoin, Ethereum, Cardano, Polkadot,…
- Pay with iDEAL, bank transfer, Bancontact, Visa,…
- Daily news and analysis
- Assortment of +50 cryptocurrencies
- Based in the Netherlands
- Officially registered with De Nederlandsche Bank
- Promotion: Get 10 euros as a gift! Click on your account name, choose settings and then ‘Vouchers’. Fill in INVESTING! (Only 250 vouchers available!)
- Bitcoin, Ether, XRP, Monero, Litecoin,…
- Assortment of +25 cryptocurrencies
- Pay by bank transfer, credit card, iDeal, Bancontant,…
- More than 400,000 satisfied customers
- Based in the Netherlands
- Officially registered with De Nederlandsche Bank
- Bitcoin, Ethereum, Cardano, Polkadot,…
- Pay with iDEAL, bank transfer, Bancontact, Visa,…
- Assortment of +50 cryptocurrencies
- Based in the Netherlands
- User-friendly app, ideal for beginners
- Officially registered with De Nederlandsche Bank
- Promotion: Get 10 euros as a gift! In the app, click on settings and then ‘Vouchers’. Fill in INVESTING! (Only 250 vouchers available!)
- A lot of possibilities, but therefore especially suitable for advanced users. There are so many bells and whistles that make the platform not as user-friendly for beginners.
- Pay by bank transfer, credit card, iDeal,…
- Choice of over 600 cryptocurrencies
- Binance is not registered with the DNB and it is not very clear where the exchange is located.
Advantages and disadvantages of these websites
The big advantage of all these services is of course the ease of use. Even if you know nothing about blockchain and cryptos, you can still work with these parties. They are therefore extremely suitable for beginners who want to get acquainted with cryptocurrency for the first time. But also for more advanced people, a party like Cryptopay can be interesting, for example to use the credit cards. These cards make it possible to spend your bitcoin or winnings in stores and online shops, without having to transfer this money to your bank account first.
The only downside to all these online services is that you again choose a central party to manage your wallets, while the whole idea around cryptocurrencies just revolves around working decentralized without an intermediary. For beginners, these services are a great solution. People with a bit more experience and with a solid capital in crypto, often choose to do the management of their wallets themselves, by using their own physical or hardware wallet.
First a comparison:
(this comparison was made on 15 January 2022)
How much ETH do you get if you want to buy for 250 euros?
Anycoin Direct: 0.07968494 ETH
Bitpanda: 0.08349057 ETH
Bitcoin Master: 0.08400906 ETH
Coinmerce: 0.084055 ETH
LiteBit: 0.084184154521699307 ETH
Bitvavo: 0.08558759 ETH
Binance: 0.086 ETH
