Where to buy Bitcoin in the Netherlands – A guide for beginners

Bitcoin is still one of the most popular cryptocurrencies to invest in in 2024. For many people, the question is: “Where can I buy Bitcoin in the Netherlands safely and reliably?” This guide helps you find the best platforms to buy Bitcoin and explains why Knaken is the best choice.

Why Buy Bitcoin?

Bitcoin is a decentralized digital currency that has increased significantly in value since its inception in 2009. Due to the absence of a central authority and the use of blockchain technology, Bitcoin offers a secure, fast, and reliable way to conduct transactions. Many people choose to invest in Bitcoin as a hedge against inflation, but also because of its high long-term growth potential.

Best Platforms to Buy Bitcoin in the Netherlands

1. Knaken – The Best Choice

• Security: Knaken provides a strictly secured and regulated environment to buy Bitcoin. The platform complies with Dutch legislation and is registered with De Nederlandsche Bank (DNB), ensuring extra peace of mind.

• User-Friendliness: Knaken has a very simple interface, making it ideal for beginners. You can easily create an account and buy Bitcoin within minutes.

• Low Costs: Knaken is known for its low transaction costs, meaning you get more value for your money with every purchase.

• Payment Options: On Knaken, you can buy Bitcoin using various payment methods such as iDEAL, SEPA transfers, and credit cards.

Advantages of Knaken:

• Registration with DNB for extra safety

• User-friendly and ideal for beginners

• Low transaction fees

• Fast deposits with iDEAL, Credit Card, BankContact, Giropay, and SEPA

Disadvantages of Knaken:

• Limited availability of other cryptocurrencies compared to larger international exchanges

2. Kraken

Kraken is another option among Dutch users due to its wide range of over 200 cryptocurrencies, including Bitcoin. The platform is very secure, but the interface can be overwhelming for some beginners. Kraken also offers staking opportunities for certain crypto assets. The fees for using the app are quite high.

3. Coinbase

Coinbase is one of the largest cryptocurrency exchanges in the world and offers a user-friendly platform. It is especially popular among beginner users. However, transaction fees may be higher than on other platforms, and customer support is not as good as, for example, Knaken.

4. OKX

OKX is an international exchange with many options for both newcomers and experienced traders. You can easily buy Bitcoin on OKX using various payment methods, including iDEAL.

5. Bitvavo

Bitvavo is one of the largest Dutch crypto exchanges and seems to offer low fees, however, the price and the spread are less favorable. Despite that, it is a fairly easy platform to use. For Dutch users, Bitvavo is an excellent option.

How to Buy Bitcoin in the Netherlands?

Buying Bitcoin in the Netherlands is easier than ever. Here are the steps to get started safely and quickly:

1. Choose a platform like Knaken: Choosing a safe and regulated platform like Knaken is the first step.

2. Create an account: With Knaken, this process is simple. You only need to enter a valid email address and password. Then your identity will be verified through a KYC (Know Your Customer) process.

3. Deposit money into your account: With Knaken, you can quickly deposit money via iDEAL or SEPA transfer.

4. Buy Bitcoin: Once your funds are deposited, you can buy Bitcoin with just a few clicks.

5. Store your Bitcoin securely: At Knaken, you can securely store your Bitcoin or choose to send it to an external wallet.