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AnycoinDirect Review - is it scam or safe?

AnycoinDirect Review - is anycoindirect.eu scam or good cryptocurrency exchange

RATING: 3 / 4 REVIEWS AnycoinDirect

RECOMMENDED BITCOIN BROKERS


Trading accounts and conditions

 

Account type Leverage Fees
Standard 1:1 0.3% (buy), 1% (sell)

 *Blockchain and payment processor fees also apply.

 

AnycoinDirect is a Dutch cryptocurrency spot exchange whose services are available throughout the EU and globally. It offers its services in Dutch, English, French, German, Italian and Spanish.

 

AnycoinDirect has a fairly good selection of cryptocurrencies that can be exchanged for euros or vice versa. The portfolio includes: Bitcoin, Ether, Litecoin, Monero, Dash, Ether Classic, Stratis, Neo, Dogecoin, Pivx, Gulden, Blackcoin, Peercoin and Zcash. Anycoins is among the Dutch exchanges that offer the widest selection of alt-coins, even though Litebit and Bitrush also have a fairly good selection.

 

What makes AnycoinDirect somewhat different from the other similar cryptocurrency spot exchanges, is the fact that it does not control client funds in any way. In other words, as soon as the fiat payment reaches Anycoin, it automatically and directly sends the cryptocurrency or the other way around. “As soon as we receive a successful payment, the coins will automatically be sent to the customer’s address. In case of a SEPA order, the coins will be sent once your transfer has reached our bank account. Using our services, people can buy and receive cryptocurrency within 5 minutes”, one of AnycoinDirect’s co-founders, Lennert Vlemmings had told the media.

 

AnycoinDirect, like most cryptocurrency exchanges, has a tier system when it comes to account verification. A transaction for up to €100 per day, but no more than €250 per week does not require verification. In order to upgrade to the next levels, a client needs to send a digital copy of an ID document, proof of residence and video verification.

 

AnycoinDirect does not offer leveraged trading in cryptocurrencies, but there are platforms like Kraken, Crypto Facilities, CexIo and GDAX, who do.

 

There are also forex brokers who offer leveraged trading in CFDs on some of the more popular cryptocurrencies. Usually it is done on a proper trading platform like MetaTrader 4 or 5 with all the necessary features, charting and analysis tools.

 

>> See our list of regulated bitcoin forex brokers <<

 

The Company. Security of Funds

 

Company Country Regulation
Phoenix Payments BV Netherlands None

 

AnycoinDirect started business as BitPlaats.nl in 2013, but changed its name to AnycoinDirect a year later. It is not regulated and does not need to be, as neither the Netherlands, no the EU on a central level has any specific requirements for the regulation of cryptocurrency. Or at least not yet. It is expected the exchanges comply with anti-money laundering and know-your-customer requirements, but this is as far as it goes for now.

 

The European Commission had said it is intending to introduce further requirements, particularly having to do with prevention of funding of terrorism and other criminal activities, but the timeframe is not clear.

 

On the other hand, the Netherlands has become a rather cryptocurrency friendly country and even has its own altcoin – the Gulden coin. There is also the town of Arnhem, dubbed “the bitcoin city”. In its many businesses – from hairdressers’ and fast food joints to gas stations accept the bitcoin as payment.

 

In terms of security, AnycoinDirect does not clearly state the measures it takes. It, however, does not offer its own e-wallet either, but rather redirects to external services like Blockchain.info.

 

Trading platform

 

AnycoinDirect does not offer a trading platform that we can speak of. The web interface is simple and intuitive and serves the sole purpose of buying or selling cryptocurrencies. There are no charts, no order history, order book or charting tools. But has the more important information about transaction costs, automatically calculated based on the amount of cryptocurrency bought (this fee is charged only on buyers, who on the other hand pay a lower commission).

 

 

Apparently AnycoinDirect is targeting the average user who does not want to bother with complicated analysis or charts, but simply wants to buy or sell, and fast. For the purpose, the platform of the exchange is completely enough.

 

Methods of payment

 

AnycoinDirect has a fairly good list of payment options that includes bank transfer, SEPA transfer (EU), Bancontact / Mistercash, Giropay, iDeal, Mybank, Sofort and Trustpay. Depending on the size of the transaction, the fees vary. The cheapest funding option is iDeal (the Dutch payment system), where the fee for the purchase of one bitcoin is around 30 euro cents (0.005%), while the most expensive is the Sofort system, charging over €250. the SEPA transfer costs around €32-3 (0.5%), which is the cheapest after iDeal.

 

Withdrawals of fiat currencies can only be done through PayPal and a SEPA transfer.

 

With the numerous payment options, including cards, AnycoinDirect is obviously doing its best to provide convenience for its potential clients.

 

>> See our list of crypto exchanges accepting cards <<

 

Conclusion

 

AnycoinDirect apparently is aiming at providing services to a wider audience interested in investing in cryptocurrencies, which does not necessarily have profound financial knowledge. As such, its creators have obviously developed it with the average user in mind, providing a simple and intuitive platform, clean and clear website and FAQs, without any unnecessary frills and redundancies.

 

Perhaps it will not attract professional investors, but this is hardly the purpose of AnycoinDirect. The numerous customer reviews, however, praise the platform for its ease of use and speedy service. There are even some mentions of reasonable prices. Frankly, our comparison shows that the fees are not cheap, but rather, comparable to those of other cryptocurrency exchanges offering similar services.

 

Another plus of the platform is that it is accessible even to the occasional casual user who does not wish to engage in lengthy and cumbersome account verification process.

 

Overall, we find AnycoinDirect easy to use and user-friendly.

 

Pros Cons
Good selection of cryptocurrencies Accepts EUR only
Plenty of funding options  
Average fees  

 

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Traders` reviews for AnycoinDirect

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WARNING! Potential fraud!

WARNING! Unable to pay! Perhaps even unwilling to pay or a direct fraud!

I'm a client since a long long time, i have a verifed account level 4.
Now i realised that i have 4 order (selling orders) which they did not have paid. Over 8700 Euro in total.

When i contact them they say the withold my funds: "This is done to counter terrorism funding and money laundering"

Wow what a total nonsense! I'm verified with level 4 and could sell even far higher amounts. And sure, nobody did contact me from there at any given time.

Patricia Ilea 06/15/2018

Scam

I lost my money with this source. It looks like 100% scam. No response,no way to contact them. I guess my money lost forever

Roman 12/27/2017

Selective scammers

Selective scammers. Lots of open scam reports. Dont respond to messages and mails, phone is not even working. They made a post on facebook today claiming they can not handle all the orders but this has been happening for way longer. The few people who got finally paid today only received 50% of their purchase amount because of the price dip today. They came up with a excuse why they did not send my funds yet saying my bank card is not mine, even though i am the legal owner of this bank and offered to verify this with my ID. DONT BUY HERE, DEAL WITH EXTREME CAUTION!!!

dra 12/22/2017

Bad experience

Incredibly bad service. Takes way too long, if you even every get your coins at all. There is barely a customer support, their phone is switched off, and they dont reply to mails. On top of that the fees are very high. Wanted to have my order quick so i did not care too much about the fees but up till today i did not receive my litecoins, and by now the valuen has dropped bigtime since today's dip. Would highly suggest NOT to deal with this company.

Ronald Maarse 12/22/2017
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