Bitladon Review

Bitladon Review

Bitladon is a Dutch trading platform for cryptocurrencies such as Bitcoin and Ethereum. With more than 200 cryptocurrencies, the broker has the most extensive offer in the Netherlands.

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About Bitladon

Bitladon is a Dutch cryptocurrency exchange with an extensive range of cryptocurrencies. The trading platform was launched in August 2017, so it’s been around for a while now. The great strength of Bitladonis is the ample supply of available cryptocurrencies and the ease with which they can be bought, sold, and stored.

The trading platform also stores 95% of the cryptocurrency it manages offline, which benefits security. Bitladon is also registered with De Nederlandsche Bank (DNB). Bitladon novice and less technical traders are entirely perfect. You don’t need any knowledge about the technical aspects of blockchain technology and cryptocurrencies to get started with the platform. 

Overview

BitladonCustomer Experience

Also, Bitladon has been rated very well on several review sites. For example, Bitladon has rated 4.1 stars on the leading website Trustpilot.nl, based on more than 1,600 reviews. This gives a good indication of the reliability of Bitladon; More than a thousand reviews don’t lie. 

Our experience at Bitladon

First of all, the user-friendliness of the platform. For many people, cryptocurrencies are an abstract and complex subject, making the ease of use of a cryptocurrency platform of great importance. What is immediately noticeable with Bitladon is that the platform is entirely Dutch. For many people, the English-speaking nature of many cryptocurrency platforms scares them with Bitladon, which is fine because everything is in Dutch. So that is immediately a very nice entry for the Dutch trader.

You can buy and sell cryptocurrencies at Bitladonis after depositing euros very quickly. You go to the heading ‘Prices & coins,’ then click on the cryptocurrency you want to buy and sell and fill in how much you want to buy. This process is entirely self-explanatory. In terms of ease of use, Bitladonis is equal to any other platform. 

A small side note is that storing cryptocurrencies on an exchange detracts from the idea that lies at the basis of cryptocurrencies, namely that you are in charge of your capital. Keeping cryptocurrencies in a business is different. Of course, sending it to your wallet is possible, but for beginners, the difference will hardly be noticeable and will not be of great importance.

Trading on the platform itself happens at lightning speed. All transactions on Bitladondo do not go directly via the blockchain but via the platform itself. This ensures that the buying or selling occurs immediately because it depends on the speed of Bitladon‘s internal network. If you want to move your cryptocurrencies to your wallet, this will be about the relevant blockchain and will be slower.

Bitladonapp review

The functionality of the app is similar to that of the website. The same cryptocurrencies are available, the chat support function is present, and you can send cryptocurrency to other wallets. The app feels like an extension of the website.

Easily buy crypto

Trading cryptocurrencies with Bitladon is very simple. You go to the heading ‘Prices & coins,’ then click on the cryptocurrency you want to trade and enter your desired amount. In terms of ease of use, Bitladonis is equal to any other platform.

How to buy cryptocurrency here?

To buy cryptocurrency at Bitcoin Meester, you obviously need an account. Creating an account is very easy and everywhere is clearly indicated what you need to do. After creating your account you will receive an email with a confirmation and after clicking on the link you can get started right away. If you encounter any problems while creating an account, you can consult one of the handy guides.

After activating your account, you need to do two more things before you can start buying cryptocurrency. Bitladon advises to make your account extra secure with 2-factor authentication. After logging in you will see this message clearly in the picture, the only thing you have to do is follow the instructions.

The second point you have to deal with is depositing credit into your portfolio. You can buy cryptocurrency from ordinary euros at Bitladon and you deposit it into your account via iDEAL, Bancontact, bank transfer, Giropay, SOFORT and MyBank.

Register Bitladon

Creating a new account is child’s play. What is immediately noticeable is that when you log in, you will receive a code in your e-mail that you must enter on the platform as a security check.

So, you immediately get the feeling that the team has given extensive thought to the security of the platform. Incidentally, a Google Authenticator can also be set up instead of the security check by e-mail. This makes the process even faster.

The only thing that follows before you can start is the so-called Know Your Customer (KYC) procedure. This means that you truthfully fill in your details and take and send a photo of your identity document. After this has also been completed, you can go ahead and start.

How to sell cryptocurrency at Bitladon?

In addition to buying cryptocurrency, you also want to sell your cryptocurrency after a while. Hopefully at a higher price than before. Selling cryptocurrency through Bitladon is as easy as buying it. With a few clicks, your cryptocurrency will be converted back into euros and you will immediately see the amount in your account. You can also pay out immediately and there is no maximum limit. Bitcoin Master transfers the money to your account immediately after your withdrawal request. So you don’t have to wait unnecessarily.

In addition to selling cryptocurrency, Bitcoin Master also has a unique feature on the website. You can exchange cryptocurrency for other cryptocurrency. For example, if you have purchased Ripple and see that the price is not very great, but that of Holo is, you can choose to exchange your Ripple for Holo. Especially for traders with a little more experience, this feature together with the possibility of advanced purchases and sales is a nice addition.

Is Bitladon safe?

When choosing a new exchange, one of the first questions is whether the platform is reliable. Storing cryptocurrencies on a deal is not recommended. But for most traders, this is the most obvious option. That is why the business must be a safe place to store crypto.

Bitladon 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 quickly. This definitely benefits the platform’s safety. In the past, it has been shown that a healthy treasury can guarantee the strength and security of an exchange. Bitladon uses a 1 to 1 ratio at all times. This way, all customer assets are covered.

Frequently Asked Questions about Bitladon

Can you pay with iDEAL at Bitladon?

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 within minutes. You can share money manually via Bancontact, SEPA, Giropay, Sofort, and EPS.

Is Bitladon also active in Belgium?

Although Bitladon is a Dutch exchange, as a resident of Belgium, you can use all the platform’s features. 

Would you like me to verify with Bitladon?

Yes, you have to. Before starting, you must follow the so-called Know Your Customer (KYC) procedure. This means that you truthfully fill in your details and take and send a photo of your identity document. After this is completed, you can use all the features.

How does staking at Bitladon work?

You can stake 15 different coins on the platform to receive interest. The interest rates on the other coins vary from 2% to no less than 15%. You can only dream of such percentages at a bank. 

How old should I be to use Bitladon?

For owning crypto, there is no age requirement. However, you must be 18 years old to use crypto exchanges. You’ll need to show this during the verification process while registering your account.

What is 2FA at Bitladon?

For the security of your account, 2-factor authentication can also be set up instead of the security check by e-mail. This makes the process even faster. This authentication is done using a code on your phone’s authenticator app.

Do I have to get my own wallet?