Comparison of Bitvavo vs Bitso [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Bitvavo vs Bitso comparison!

Your expert: Alejandro Borja

bitvavo

Bitvavo

  • Threenvest valuation: 4,2/5
  • US legal: No
  • Security: High 4,9/5
  • Mobile App: Yes
Go exchange

Investing risks losing your money

Your expert: Xavier Tarrasó

bitso

Bitso

  • Threenvest valuation: 3,3/5
  • US legal: No
  • Security: High 4/5
  • Mobile App: Yes
Go exchange

Investing risks losing your money

Main points

Fees

0,15%/0,25%

Earns

Yes

Customer service

4/5
0,075%/0,098%

Fees

Yes

Earns

4/5

Customer service


Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes
Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold


Comparison of fees

Rating

4.1 – Low fees with additional discounts for high-volume traders.
3.9 – Competitive fees within Latin America.

Level

0,15%/0,25%
0,075%/0,098%

Brief explanation

Bitvavo’s commission structure is designed to be highly competitive, particularly appealing to both new entrants and experienced traders in the cryptocurrency market. The platform operates on a tiered fee system where the trading fees decrease as the user’s 30-day trading volume increases. Starting from 0.25% for takers and 0.15% for makers, these fees can go as low as 0.03% for takers and 0.00% for makers, depending on the trading volume. This encourages active trading and is beneficial for high-volume traders seeking to minimize costs while maximizing their trading strategies.
Bitso maintains a competitive edge in the crypto exchange landscape through its straightforward and relatively low fee structure. The platform employs a maker-taker fee model, which incentivizes market liquidity. Makers, who add liquidity by placing limit orders, enjoy lower fees compared to takers, who remove liquidity by executing against existing orders. Fees can vary depending on the user’s 30-day trading volume, promoting more frequent trading by offering decreasing fees for higher volumes. This tiered approach not only supports active traders but also ensures the platform remains accessible to newcomers, keeping initial costs lower than many other exchanges.

Bitvavo

bitvavo
Read bitvavo review
  • Year Founded: Established in 2018, Bitvavo has swiftly risen to prominence within the European market, demonstrating robust growth and stability in a relatively short period. This rapid development signifies strong management and a solid business model, instilling confidence in its longevity and reliability.
  • Security Methods: Bitvavo places a high priority on security with comprehensive measures to protect user assets. These include cold storage for a majority of funds, two-factor authentication, and advanced encryption technology, ensuring that users' data and funds are safeguarded against unauthorized access and cyber threats.
  • Possible Regulation: Operating from Amsterdam, Bitvavo adheres to European financial regulations, which are known for their strict standards. Compliance with these regulations not only confirms the legitimacy of the exchange but also ensures it operates under stringent oversight, enhancing user trust.
  • Reputation and Reviews: Bitvavo has cultivated a positive reputation among its users and in the broader crypto community, reflected in numerous favorable reviews. Users frequently cite the platform's user-friendly interface, low fees, and excellent customer service as major advantages, which speaks to its reliability and the quality of services offered.
  • Customer Service: Commitment to providing excellent customer support is a cornerstone of Bitvavo's operational philosophy. The exchange offers responsive support through multiple channels, ensuring that users' queries and issues are addressed promptly and effectively, which is crucial for building and maintaining trust, especially in the dynamic environment of cryptocurrency trading.
  • Pros
  • Low trading fees.
  • User-friendly interface.
  • Wide range of cryptocurrencies.
  • Cons
  • Limited to European users.
  • No educational resources.

Read bitvavo review

Bitso

bitso
Read bitvavo review
  • Year Founded: Established in 2014, Bitso has a long-standing presence in the cryptocurrency market. This longevity is a testament to its resilience and adaptability in the rapidly evolving crypto environment.
  • Security Methods: Bitso employs robust security measures including two-factor authentication, cold storage of digital assets, and multi-signature wallets. These practices ensure a high level of security for user funds and transactions.
  • Possible Regulation: Bitso is regulated by the Gibraltar Financial Services Commission (GFSC), one of the few cryptocurrency exchanges in Latin America to be overseen by such a respected regulatory body. This regulation reinforces Bitso's commitment to compliance and security standards.
  • Trading Volume and Liquidity: Bitso provides substantial trading volume and liquidity, making it easier for users to execute trades efficiently and at desired prices. This is particularly beneficial in a market known for its volatility, where trading depth can significantly impact transaction costs and speed.
  • Customer Service: Bitso offers exceptional customer service with support available 24/7 through multiple channels, including live chat and a comprehensive help center. This dedication to customer support ensures that users' queries and issues are addressed promptly and effectively, enhancing the overall user experience.
  • Pros
  • Supports Mexican Peso for trading.
  • User-friendly mobile application available.
  • Low trading and withdrawal fees.
  • Cons
  • Limited cryptocurrency selection.
  • Geographically restricted availability.

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Product selection

Native token

No
No

Earns

Yes
Yes

NFT marketplace

No
No

Cripto/debit card

No
No

Company information

Full name

Bitvavo B.V.
Bitso SAPI de CV

Regulation

Regulated in the Países Bajos
Regulated in México

Year founded

2017
2014

Founder

Unknown
Pablo González, Ben Peters, Daniel Vogel

Payment methods

Transfers

Yes
Yes

Mastercard

Yes
Yes

Wire transfer

Yes
No

Card

Yes
Yes

Comparative table

Bitvavo FEATURES Bitso
Bitvavo allows users to start trading with small amounts, making it accessible for beginners.
Minimum Trade
The minimum trade amount is low, enabling accessibility for traders of all sizes.
Bitvavo offers some of the lowest fees in Europe, which are transparent and competitive.
Trading and Transaction Fees
Bitso offers competitive fees, with a sliding scale that benefits high-volume traders.
Supports a wide variety of over 50 cryptocurrencies, catering to diverse trading preferences.
Number of Cryptocurrencies
Bitso supports major cryptocurrencies but has a more limited selection compared to larger exchanges.
Offers a robust selection of trading pairs, allowing for versatile crypto-to-crypto transactions.
Crypto-to-Crypto Trading Pairs
Offers a moderate range of crypto-to-crypto trading pairs, adequate for most traders.
The website provides clear information about fees, policies, and trading options.
Website Transparency
Bitso provides clear and detailed information on its operations and security measures.
While Bitvavo excels in providing a secure and user-friendly trading platform, the lack of an exchange card limits the flexibility for users to spend and gain direct benefits from their cryptocurrency holdings in everyday transactions.
Credit/Debit Card
Bitso lacks a dedicated exchange card, limiting its utility for in-store cryptocurrency transactions and associated benefits.
Provides secure storage solutions with cold storage options for the majority of assets.
Storage Offering
Secure storage with cold wallets and multi-signature technology to ensure safety.
Offers staking services with rewards but has room for expansion in terms of options and higher returns.
Staking and Rewards
Provides some options for staking and rewards but not as extensive as some competitors.
Both the mobile app and desktop platforms are highly user-friendly and well-designed.
Mobile App and Desktop
Highly functional and user-friendly mobile and desktop platforms that enhance trading experience.
Exceptional customer service with multiple channels for support and quick response times.
Customer Service
Excellent customer support with 24/7 access via multiple channels, including live chat.
Efficient deposit and withdrawal processes, although improvements can be made in variety.
Deposit and Withdraw
Efficient deposit and withdrawal processes, though mainly tailored to Mexican users.

Key features

Analysis tools

Basic charting tools
Basic charting tools

Mobile APP

No
No

Security

High 4,9/5
High 4/5

Additional features

Staking, Bitvavo Earn program, API access, fiat on/off ramps
Crypto-to-crypto trading, Bitso Transfer (payment service), staking, educational resources

Anonymity

No
No

Key points

Available cryptocurrencies

150+
30+

User-friendliness

Bitvavo features an intuitive and user-friendly interface that is easy to navigate, making it suitable for beginners. The platform focuses on providing a smooth and seamless trading experience.
Bitso provides a straightforward and user-friendly interface, ideal for beginners. The platform focuses on making cryptocurrency trading accessible and easy to understand for new users.

Value for money

Delivers good value for money with low trading fees and a user-friendly interface, making it an affordable choice for European traders.
Delivers decent value for money with competitive fees and a strong presence in Latin America, making it a good choice for regional users.

Countries of operation

Netherlands, Germany, France, Spain, Italy
Mexico, Argentina, Brazil

Best for

Great for European traders looking for a user-friendly platform with low trading fees and a diverse selection of cryptocurrencies.
Suitable for Latin American investors, particularly those in Mexico, Argentina, and Brazil, looking for a reliable platform with competitive fees.

Base currencies available

EUR, BTC
MXN, ARS, BRL, BTC

Account

Trading

Bitvavo is a European exchange known for its low fees and wide range of cryptocurrencies. It offers a user-friendly interface but lacks some advanced trading features.
Bitso is the leading exchange in Latin America, offering a variety of cryptocurrencies and easy fiat integration. It is user-friendly but might not have the advanced tools needed by professional traders.

Deposit and withdrawal

Bitvavo supports various deposit methods, including bank transfers and crypto. Withdrawals are processed within a day, with minimal fees, making it user-friendly.
Bitso provides easy fiat and cryptocurrency deposit methods. Withdrawals are processed efficiently, typically within a day. Fees are competitive, making it a good choice for Latin American users.

Account opening process

Bitvavo provides an easy and quick account opening process. Users need to fill out personal details and verify their identity. The process is fully digital and typically takes less than a day to complete.
Bitso’s account opening process is simple and fully digital. Users need to provide personal information and verify their identity. The process is quick, typically taking less than a day to complete.

KYC required?

Yes
Yes

Customer Service

Bitvavo provides support via email and live chat. The support team is responsive and helpful, but the lack of 24/7 support can be a limitation for some users.
Bitso provides support through email and live chat. The support team is knowledgeable and responsive, but the lack of 24/7 support may be a drawback for some users.

Security

Bitvavo employs comprehensive security measures, including 2FA and cold storage. It is regulated by Dutch authorities, ensuring high security for investors.
Bitso ensures security through 2FA, encryption, and cold storage. It is regulated by Mexican authorities, providing a secure environment for investors.

Which of these exchanges is for you?

alejandro-borja-analista-de-brokers.webp

Alejandro Borja

As an expert on our website, I highly recommend Bitvavo for those looking to engage in cryptocurrency trading, especially within Europe. The exchange combines low fees, a user-friendly interface, and robust security measures, making it an excellent choice for both beginners and seasoned traders. With its wide range of cryptocurrencies and effective customer support, Bitvavo stands out as a reliable platform to efficiently manage your digital assets.
Xavier-tarraso-mascarell.jpg

Xavier Tarrasó

As an expert reviewer on our website, I find Bitso to be a solid choice for traders, especially those based in Latin America. Its strong regulatory compliance, combined with a user-friendly interface and dedicated customer service, makes it a reliable platform. However, if you’re looking for a wider variety of cryptocurrencies or need more global payment options, you might want to explore other exchanges. Nonetheless, for those new to cryptocurrency or primarily trading in Mexican Pesos, Bitso offers an excellent starting point.

View all comparisons against Bitvavo

View all comparisons against Bitso

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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