Bitcoin Meester is a Dutch trading platform for cryptocurrencies such as Bitcoin and ethereum, also called a cryptocurrency exchange. The broker has the largest offer in the Netherlands with more than 200 different cryptocurrencies!
The platform allows you to trade cryptocurrencies 24 hours a day, seven days a week, 365 days a year. This can be done via the Bitcoin Meester website and the app for iOS and Android. The trading platform keeps 95% of the cryptocurrency it manages offline, making it a lot less susceptible to hackers. Bitcoin Meester is also registered with De Nederlandsche Bank (DNB).
How do I use Bitcoin Sir?
To get started at Bitcoin meester, you first need to create an account. That’s a simple process and arranged in no time. If you want to purchase cryptocurrency, you must first transfer euros. This can be done via iDEAL or a manual transfer. With iDEAL, the money is in your account with Bitcoin meester within minutes. Transferring money manually can be done via Bancontact, SEPA, Giropay, Sofort and EPS and can take up to a day.
Once you have created an account, you are at a trading limit of 100 euros per week. You must first go through a short identification process to increase this limit. This has been mandatory since the introduction of a new law that DNB supervises. The option to go through the quick identification process can be found under the heading “Your data” and it usually takes about half an hour for Bitcoin meester to verify your data.
To have euros paid out from Bitcoin meester, you must first verify your bank account. You have to transfer a small amount of 10 euro cents for this. You can also find this option under “Your Data.” This process takes a few minutes via iDEAL and one to two working days via manual transfer.
Bitcoin Meester does not apply a maximum for buying and selling crypto, but a minimum of 5 euros. This applies to every cryptocurrency and the direct exchange between different cryptocurrencies. If you already have an account with Bitcoin meester, you should use it. The Dutch broker allows a maximum of one account per user.
What does it cost to trade?
Bitcoin meester has its price set with an average of multiple international exchanges and trading on its platform. In addition, the exchange uses a margin based on your account for buying and selling crypto.
This means you get more discounts if you trade more on the platform. The prices on Bitcoin meester are based on the average value given on the forum. You can be slightly more expensive or somewhat cheaper with your purchase.
This looks at your trading volume over the past 30 days. Based on this trading volume, you will be awarded a VIP level with a discount. By default, Bitcoin meester charges a margin of 1% and this margin becomes less based on your VIP level.
You can also choose to exchange crypto directly for other crypto. In this case, you always pay half of the fee (so there is a standard margin of 0.75%). Depending on your VIP level, you can earn more discount on this. Therefore, it is cheaper to exchange a cryptocurrency directly for another cryptocurrency than to sell this crypto first and then buy another one.
Can I also withdraw the crypto from the platform?
Yes, it is possible at Bitcoin Meester to withdraw your cryptocurrency from the platform and thus store it yourself in a personal wallet. You can also deposit crypto from another wallet into your account on Bitcoin meester. The platform uses a minimum amount of 5 euros for this.
Bitcoin meester sends your crypto to your wallet within minutes. Sometimes this can take longer because a so-called hot wallet is empty. Bitcoin Meester stores 95% of all crypto in a cold storage wallet on the platform. These are not connected to the internet and can fall prey to malicious parties much less easily.
If a hot wallet needs to be replenished from a cold wallet, it can take up to 72 hours to receive your crypto.
Can I stake my crypto on Bitcoin Meester?
Yes, it is also possible to stake with Bitcoin meester! That’s locking your crypto to earn interest. Bitcoin meester offers the possibility to bet for 15 different tokens. With this, an interest rate between 2% and 10.5% can be made. These annual percentages are paid out daily as long as the crypto is in your staking wallet.