BLOX Review
BLOX is a Dutch crypto exchange with a penchant for Bitcoin (BTC). At BLOX, they like to see other people share that love. How do they do that? By keeping crypto and bitcoin as simple as possible. That’s the mission. BLOX knows how to make bitcoin as understandable and accessible as possible for the general public, which is what they are committed to daily.
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BLOX is the exchange and crypto app of BTC Direct, also from the Netherlands. When BTC Direct started in 2013, purchasing Bitcoin and cryptocurrencies was a painstaking process. This is no longer the case with BLOX.
About BLOX
BLOX is a Dutch crypto exchange with a penchant for Bitcoin (BTC). At BLOX, they like to see other people share that love. How do they do that? By keeping crypto and bitcoin as simple as possible. That’s the mission. BLOX knows how to make bitcoin as understandable and accessible as possible for the general public, which is what they are committed to daily. BLOX is the exchange and crypto app of BTC Direct, also from the Netherlands. When BTC Direct started in 2013, purchasing Bitcoin and cryptocurrencies was a painstaking process. Fortunately, this is no longer the case with BLOX.
BLOX customer experience
The rating of BLOX on Trustpilot is 4.2 stars (out of 5) based on over 2200 reviews. The rating, therefore, falls into the category of ‘good’. The reviews that customers have left are mostly positive. The speed and ease of use of the app are especially praised.
Our experience at BLOX
BLOX is all about simplicity, which is also reflected in the BLOX trading platform. The trading platform, or dashboard, is for fast, simple, secure trading. And that is exactly what BLOX stands for. So you will easily take advantage of the usable and obvious interface. The childishly simple app is fast, clear, and easy for everyone. With little to no experience in cryptocurrencies, you can get started immediately with Blox’s mobile app.
For each of the more than 60 cryptocurrencies on the BLOX app, a chart of the price of the past hour, the past 24 hours, the past seven days, the past month and the past year can be seen. It is a simplistic interface that still provides essential information and options. Do you still want some more advanced options? Then there may be better platforms for you than BLOX. But do you want to invest and track your portfolio? Then BLOX is a very good choice.
It is also a fact that this beautiful Dutch exchange lives up to the promises on the website. The team does everything to keep customers happy, and they are generally easily accessible. Moreover, they constantly expand their offer in cryptocurrencies and are open to suggestions. The quality of the customer service stands out for us.
We at Crypto insiders are also very impressed with the security and accuracy of BLOX. The majority of all cryptocurrencies under management at BLOX are in cold storage. As a result, all private keys are generated and stored offline. The digital assets can only be moved with the permission of several people. BLOX applies the highest security standards so users can act peacefully.
Trading fees at BLOX
The BLOX trading or transaction fees are very obvious and relatively low. It’s very simple; with every order, the BLOX trading costs are 1%, whether you buy crypto for 50 euros or 1000 euros. This percentage will not change at a time, which sometimes happens with some exchanges. In addition, the transaction costs are always displayed before you confirm the order. So you don’t have to worry about unexpected and unpleasant expenses.
Customer service at BLOX
It’s easy to get in touch with BLOX. For questions, you can reach the support team and within their opening hours, they will answer as soon as possible. They are available weekdays from 9 to 10 p.m. and on weekends from 12 to 5 p.m. You can submit a question or complaint to [email protected] or via the contact form on their website. In addition, there are many frequently asked questions on the website.
Review BLOX app
Buying cryptocurrencies through BLOX is easy with the BLOX app, which is available for iOS and Android. The BLOX app features are under the four tabs at the bottom. The features include the current prices and an overview of the portfolio.
Simple trading for everyone
As mentioned earlier, simple trading is a priority for everyone at BLOX. And they make it happen. An easy-to-use app with no strings attached makes BLOX a good choice for novice and experienced crypto traders.
Register BLOX
Creating an account on BLOX is a very simple procedure. First, download the app from the Apple Store or Google Play Store. Once you have downloaded the app, you can start the registration procedure immediately.
After filling in your details and creating a password, you can expect a confirmation email and three questions. You will be asked about your experience with investing, the origin of your deposits and how much you plan to deposit each month.
Finally, you can set up a 2FA (two-factor authentication) via settings on the BLOX app. Every time the app is opened, you must enter a code to create extra security.
Is BLOX safe?
Privacy and security at BLOX are very important. The General Data Protection Regulation (GDPR) has been in force since 25 May 2018. GDPR is a European regulation that aims to modernize privacy legislation. BLOX handles the data of its users with care and acts exclusively by the GDPR. To be able to buy and sell cryptocurrencies on BLOX, it is important that you can identify yourself. BLOX’s ‘know-your-customer’ policy covers this. The crypto market is not (yet) regulated, so identification is necessary to prevent fraud and money laundering.
Personal data will never be processed without the user’s consent. Moreover, BLOX is officially registered with the Dutch Central Bank (DNB). They are registered as a provider of crypto services. The Dutch Central Bank is there to supervise, among other things, fraud and money laundering.
Frequently Asked Questions about BLOX
Can you pay with iDEAL at BLOX?
Yes! At BLOX, you can pay with iDEAL. If you choose to use iDEAL, bank contact or bank transfer (SEPA), this will not incur additional costs.
Is BLOX also active in Belgium?
BLOX is a Dutch company, so it is available in the Netherlands. But in the meantime, BLOX also has a Belgian, Spanish and international website. Yes! You can also use BLOX in Belgium.
Do I need to verify with BLOX?
BLOX uses a know-your-customer policy. You must identify yourself if you want to deposit more than 250 euros. Fortunately, this is easy! Your data will never be processed without permission.
How does striking work at BLOX?
You can earn up to 12% return at BLOX by staking your crypto. Your earned return is automatically added to your balance. However, the return differs per coin. This is, on average, around 5% return.
