BTC Direct

BTC Direct is a Netherlands-based cryptocurrency broker that allows users to buy and sell various cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Ripple, and Bitcoin Cash through its platform. The company operates within Europe and is registered with the Dutch Central Bank, making it a legitimate and regulated entity. BTC Direct purchases cryptocurrencies from international exchanges and then offers them for sale to its customers.

In 2021, BTC Direct underwent a complete platform renewal, resulting in a user-friendly interface that simplifies the process of buying and selling cryptocurrencies. However, this renewal also meant that users cannot withdraw their cryptocurrencies from the platform or receive any staking rewards. Instead, BTC Direct now offers built-in wallets for all supported coins, allowing users to store their cryptocurrencies within the platform.

The process of buying cryptocurrencies on BTC Direct involves creating a wallet, specifying the desired amount or cryptocurrency, and completing the payment through various methods, including bank transfer, credit/debit cards, and popular online payment systems like iDEAL and Bancontact. Once the payment is processed, the purchased cryptocurrency is typically deposited into the user's wallet within two minutes.

Selling cryptocurrencies on BTC Direct follows a similar process, where users initiate a sell order, provide their bank account details, and transfer the cryptocurrency to a unique wallet address provided by BTC Direct within 30 minutes. The sale proceeds are typically credited to the user's bank account by the next working day.

BTC Direct charges fees for both buying and selling cryptocurrencies, ranging from 1% to 3% per transaction, depending on the cryptocurrency. Additionally, there may be additional fees for using certain payment methods, such as credit cards. As of January 2023, BTC Direct was acquired by an undisclosed company.