The European crypto exchange in a big test: You can buy or sell cryptocurrencies like Bitcoin on Anycoin Direct. In our review, we tell you about our experiences with the exchange.
If you want to buy cryptocurrencies like Bitcoin directly, you have to go to one of the many exchanges that have established themselves on the internet in recent years. Our reviews of the best brokers and exchanges should help you find your way through the jungle of offers. For a good rating, the exchanges must fulfil certain criteria. Not only the offer counts, but also the regulation of the exchange, customer service, protection against fraud and more play an important role in our test of the crypto exchange Anycoin Direct. In the following, you can read about our experiences with the exchange.
What is Anycoin Direct?
The Dutch exchange Anycoin Direct enables a particularly uncomplicated and quick entry into trading with cryptocurrencies. Founded in 2013 under the name Bitplaas, the company has been known under its new name since July 2014. Anycoin Direct is a Dutch company based in Veghel.
The exchange Anycoin Direct specialises in the sale and purchase of cryptocurrencies. The company’s promise is that the purchase of cryptocurrencies is possible here with established means of payment. Switching from one cryptocurrency to another is also made possible in the “trading” area. All orders should be particularly easy to place and quick to serve.
Anycoin Direct advantages and disadvantages
The Anycoin Direct Exchange offers a detailed FAQ on its website, in which the most frequent customer questions are clarified. In addition, it is possible to ask questions via the contact form or live chat to the customer support every day of the week. In the company’s own blog, the company informs you about background information such as different wallets and innovations at the exchange.
Anycoin Direct is not a broker and does not offer any financial instruments. You won’t find CFDs, forex options or shares on this platform. Accordingly, there are also no supplementary offers typical for brokers, such as demo accounts or training materials. The only thing that matters here is the direct buying and trading of cryptocurrencies.
- Buy and/or sell Bitcoin, Ether and many other cryptocurrencies with Anycoin Direct
- Payable by instant bank transfer, SEPA or credit card, among others.
- Customer support via live chat or contact form
- Moderate fees
- European Stock Exchange
- Payment only possible with Euro
- Customer support not available in German
- Wallet mandatory
- Buy and sell limits
Anycoin Direct experience: Wallets mandatory
Anycoin Direct does not offer you the possibility to store your cryptocurrencies purchased there in your account. This is in the spirit of the new technology: while in traditional financial trading, service providers such as banks secure and store your assets, the new currencies bypass precisely these middle men. However, this puts you in charge yourself and makes you your own bank. This means that you have to decide on a wallet and think about how you can store it securely.
We at Kryptoszene.de have compared the best wallets for the most important cryptocurrencies. For example, you can find our bitcoin wallet comparison here. You can find more articles in the “Wallet” category in our menu navigation.
Anycoin Direct Review – the offer
Which cryptocurrencies can you actually buy on the online exchange Anycoin Direct? Anycoin Direct offers cryptocurrencies exclusively for direct buying and selling as well as for trading with each other. You will not find financial instruments such as CFDs, Forex or shares here.
Anycoin Direct Cryptocurrencies
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Litecoin (LTC)
- Stellar Lumens (XLM)
- IOTA (IOTA)
- NEO (NEO)
- Bitcoin Cash (BCH)
- Monero (XMR)
- Dogecoin (DOGE)
- Dash (DASH)
- Pivx (PIVX)
- Stratis (STRAT)
- Ethereum Classic (ETC)
- Zcash (ZEC)
- Qtum (QTUM)
- OmiseGO (OMG)
- Verge (XVG)
- Guilder (NLG)
- Gas (GAS)
- Peercoin (PPC)
- Blackcoin (BLK)
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Anycoin Direct Fees & Charges
Most wallets charge a fee in addition to the amount you want to transfer. This fee is necessary in order for the miners to confirm the transfer in the blockchain. Their efforts are rewarded by the fee. The higher the fee, the faster the confirmation. Since each wallet has its own fee settings, if in doubt, you should specifically ask about your wallet before transferring coins to Anycoin Direct. This wallet fee is also known as miners’ fees.
The Anycoin Direct Exchange itself charges a fixed fee of 0.50 euros per transaction. In addition, an exchange fee of 1 to 2 percent of the transaction volume is charged, depending on the volatility of the corresponding market and the liquidity.
With Anycoin Direct, additional fees may apply depending on the payment option chosen.
|Wallet Fee (“Miners Fees”)||Depends on the wallet used|
|Transaction fee||0.50 euros per transaction, plus 1-2 per cent of the volume|
Many CFD brokers charge a fee if an account is inactive. This is not the case for exchanges like Anycoin Direct, where fees are only charged when you buy, trade or sell cryptocurrencies in the ways described above.
Anycoin Direct payment methods
Anycoin Direct offers you various payment methods, from which you can freely choose one. It is important that you have always set up the wallet for the coveted currency in advance and have it ready. When trading Coin-to-Coin, i.e. switching from one cryptocurrency to another, you therefore need two different wallets to be able to trade.
So what payment methods are available on Anycoin Direct: Here, the offer ranges from payments with credit card, Sofort-Überweisung and Giropay to purchases with iDEAL (only for the Netherlands), Bancontact/Mistercash (Belgium), Mybank (Netherlands and Italy), TrustPay (Czech Republic and Slovakia) or Giropay (UK). Paypal is unfortunately not accepted on Anycoin Direct. To be able to use SEPA bank transfer or GiroPay, you must first be activated for the payment methods. To do this, you need to upload identification documents to your profile and wait for Anycoin Direct to check and confirm them. For SEPA transactions, it can take up to two working days until the payment is made.
If you are looking for a broker that accepts Paypal, you will find the best Anycoin Direct alternative for buying cryptocurrencies in our Exchanges comparison test winner eToro.
Transaction fees vary depending on the selected payment method
Unfortunately, Anycoin Direct does not provide a precise overview of all transaction fees that may be incurred, depending on the respective means of payment. In general, it is noticeable that the offer is kept pleasantly simple, but there is a lack of information here and there.
In the order form, you can specify how many coins you want to buy and which payment method you are using. Anycoin Direct then automatically displays the fee charged for your transaction before you have to complete your transaction. This way you are aware of all fees in good time and can change your mind if the fees are too high for you. In our experience with Anycoin Direct, this has never been the case: the fees always seem to be within reasonable limits.
|Instant bank transfer|
Anycoin Direct Licence and Security
Security naturally plays a very important role when buying cryptocurrencies. However, you are responsible for a lot of things yourself. Which wallet you use, how you store your private key: You should think about this in detail and by no means neglect the topic lightly.
Nevertheless, Anycoin Direct prevents fraud on the platform to a certain extent by allowing you to set up two-factor authentication for your profile, for example. With the “2FA”, you significantly increase the security of your account without losing much comfort. In addition, Anycoin Direct offers you valuable instructions in a guide that can help you protect yourself from fraud damage. The almost constant availability of customer support (more on this in the next section) is also reflected positively in our test.
Anycoin Direct Regulation and Security
Cryptocurrencies are not yet controlled by European regulatory authorities. Accordingly, direct investment in coins always poses a certain risk. For example, there is no investor protection. Nor is there any official body that checks whether the provider of a cryptocurrency is conducting its business properly.
We do not get, or at least cannot find, more detailed information about server performance and other security-related factors via the website. Here we have to rely on a phrase: “With state-of-the-art technology and security protocols, we protect your data and secure your transactions”.
Anycoin Direct Customer Service, Contact & Support
Good customer service should also play a key role when choosing your online exchange. When it comes to your money, you want to know that you are in good hands and that you will get help quickly in case of problems. This is less true for crypto exchanges like Anycoin Direct than for online brokers, but it still plays an important role in our test.
The Anycoin Direct customer service unfortunately only offers its support in English. During our conversation with a member of the service team, we were offered that the support team would write their answers for us via an automatic translator. When it comes to detailed questions and you don’t speak English, you have to rely on the support of a friend at this point – or on the services of a translation tool. This is not optimal. Alternatively, you can contact the customer support via a contact form or by e-mail. A telephone number is also available. The live chat is open seven days a week. On weekdays, it is available from 9 a.m. to 10 p.m., on weekends from 10 a.m. to 6:30 p.m.
In the FAQ we find straightforward answers to many frequently asked questions. The guides, which explain exactly how things work on the site, are also pleasant. The site also has a guide to help you recognise attempted fraud in time. By the way, you can also find such a guide on cases of fraud on Kryptoszene.de, see “Bitcoin Scams”.
|Phone||+31 (0) 413 747 174|
Registration and trading with Anycoin Direct
From your first login to your first investment: we will guide you through the Anycoin Direct registration process in three steps.
The Anycoin Direct App
These days, trading is no longer possible without apps. Mobile applications are less important when buying cryptocurrencies. Because anyway, you want to take your time to make sure your wallets are set up correctly, access records and document everything independently. There is no Anycoin Direct app. Of course, if you wanted to, you could use the exchange via the browser on your mobile phone or tablet.
Conclusion – the Anycoin Direct rating
Our experience with Anycoin Direct was largely convincing: The Dutch exchange for cryptocurrencies offers a very reduced, but also pleasantly clear and easy-to-use offer. The cryptocurrencies available here also include coins that are often not available elsewhere, such as IOTA and Neo. The customer service is available during the day, every day of the week, although not in German. The quite extensive FAQ answers many questions that may arise when buying or selling or coin-to-coin trading.
However, our test was not entirely without incident. We had to ask the press office for some information that is actually of interest to every user: What about the regulation of Anycoin Direct? What fees are charged and when exactly? There are considerable gaps in the FAQ here, which we hope we were able to fill in for you with our Anycoin Direct test. Nevertheless, Anycoin Direct receives an average to good rating from us. If you know a little about wallets, you can use the exchange without any worries. By the way, you can find a good alternative to Anycoin Direct in our preferred broker eToro, where you can not only buy cryptocurrencies, but even trade them with the help of CFDs.
Did you like our Anycoin Direct review? Our Anycoin Direct review is part of our big series on the best exchanges on the web. For a good alternative to signing up for Anycoin Direct, check out our review of online broker eToro. Are you wondering if cryptocurrencies are still worth it in 2019? Or do you want to learn more about cryptocurrencies? Then you can find our overview pieces on the most important coins here.