How to deposit money at Bitvavo?
Do you want to start trading cryptos at Bitvavo? Follow the simple steps in this short guide… before you know it, you’ll be trading bitcoin and other cryptocurrencies!
Step 1: open an account with Bitvavo
Before you can deposit money to Bitvavo, you need to open an account. Don’t have an account at Bitvavo yet? Then use the button below to open an account and pay no fees over your first € 1000 of transactions:
Step 2: Choose the desired payment method
Within your account, click on Deposit to deposit an amount to your account. You can only use bank account numbers that are linked to your account.
You can link a bank account by transferring a small amount of money. It is important that the account is in the same name as your Bitvavo account.
You can deposit money with Bitvavo using the following methods:
- SEPA transfer
- EPS Uberweisung
Step 3: Enter the amount of money you wish to deposit
You can then choose the amount you want to deposit to your account. The screen below shows how this works if you want to add €100 to your account via bank transfer.
Step 4: Start trading!
After the money has been added to your account, you can start trading immediately. Read the following articles if you need some help with this:
- In the Bitvavo manual, I discuss the platform
- In the article investing in bitcoins I discuss how to buy bitcoins
How can you deposit cryptocurrencies such as Bitcoin at Bitvavo?
It is also possible to deposit crypto from an external platform to Bitvavo. To achieve this, first navigate to the crypto you wish to deposit.
Then press the deposit button to discover your wallet address. It is important to copy this wallet address without mistakes. If you make a mistake here, you could lose your crypto permanently!
Frequently asked questions
In most cases, depositing money at Bitvavo is free. However, some payment methods are not free. Therefore, it is recommended that you deposit using bank transfer or iDEAL, as these methods are always completely free.
When you use iDEAL, the funds are immediately in your account. A bank transfer, however, can take one to two working days.
I have had good experiences with Bitvavo and my research shows that the company does everything to keep your funds safe. In the article about the reliability of Bitvavo you can read what Bitvavo does to keep your funds as safe as possible.
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