What is BitMyMoney in a nutshell? It's maybe not the most popular, yet respectable, rather an aged exchange service (e-wallet) working with 1 cryptocurrency: you can Exchange service started the business May 2013, it's a fully compliant, licensed financial company. Besides the cryptocurrencies exchange, BitMyMoney also provides other services, for example, Mobile wallet.
This service integrated with a number of currencies, banks, and payment systems.
Hence to estimate the fees level we calculated an average fee you'll spend for an exchange here.
Based on this number
we may say that BitMyMoney
(in line with our statistics,
exchanges take higher average fee).
welcomes customers from
(unfortunately, your country: United States
is not supported at the moment;
but there are good alternatives)!
Due to regulatory restrictions, US citizens and residents are not served by the exchange.
On the report of the actual users, customer service is
exceptional, 5 stars quality;
we don't yet have enough data about the order processing speed,
although according to the information from the exchange itself, order processing is automated and should be instant.
Depending on the order details, you may need to verify your account
Based on all these facts, our verdict is the following: BitMyMoney is a legit, but promising, although not yet reviewed much by our visitors place to exchange Bitcoins, an interesting exchange that we believe will get some nice feedback pronto!
BitMyMoney is the e-wallet; Bitmymoney BV (dba BitMyMoney) started the business in May 2013. The company is based in the Netherlands with the headquarters located in the Hague. Official BitMyMoney address is The Hague Security Delta (HSD), Wilhelmina van Pruisenweg 104, 2595AN Den Haag.
BitMyMoney was founded by Robert-Reinder Nederhoed, Mieke de Haas. Ronald Prins, Menno van der Marel, Marko Dobroschelski, Koen Olthui, Pim Volkers are among the lead investors. BitMyMoney CEO is Robert-Reinder Nederhoed.
The founder, Robert-Reinder Nederhoed, is a well-known person in the local crypto community. He regularly appears as a guest at some shows like De Grote Cryptoshow on RTL Z and other crypto-related talk shows and podcasts.
Bitmymoney provides services since 2013, it's one of the longest-operating European exchanges with a flawless reputation. The team is always available for any questions and comments, every two weeks they open live broadcasts and host AMA (Ask Me Anything) sessions.
Although BitMyMoney is not yet rated by our visitors, common sense tells us it should have both strong sides and some downsides. Let's check it out:
Seems that there are not so many cons, but a lot of pros. We hope you will enjoy your experience exchanging at BitMyMoney! Try BitMyMoney today and let us know how you like it!
The platform provides the following cryptocurrency exchange-related services:
So BitMyMoney is something bigger than just a place to exchange digital currency. According to our statistics, 71% of the competition provide less services, many just allow the buying and selling, so this e-wallet is among the champions in this field!
BitMyMoney provides the service of various cryptocurrencies exchange. 1 digital currencies one into another. The following cryptocurrencies are available to Bitcoin (BTC).
If you are not sure, which one of these electronic currencies you are most interested in, you are welcome to read our guides. For example, these: Top 10 cryptocurrencies to buy to invest in 2022.
The fees you need to pay at this e-wallet during the process of buying and selling cryptocurrencies are easier to understand if you break it down like that (note that you can skip the details, jumping to the conclusion):
Now it's time to draw a conclusion: considering the average fee the exchange charges for an operation we can state that BitMyMoney takes very low fees! According to our statistics, the majority of the competition charge way more than BitMyMoney does!
This e-wallet has the following limits, applicable when you buy or sell cryptocurrencies:
Platform allows the users from 46 countries to use the exchange. The following countries are supported by the e-wallet:
Sorry, but the bitmymoney.com can't provide the services to the citizens and residents of the United States of America at this time, due to the local regulations and licensing matters, etc. But there are no reasons to get disappointed because of that, there are plenty of great exchanges as well as the ones of e-wallet type, who warmly welcomes the American people! We can recommend you look at these:
According to the community and the exchange users' testimonials, BitMyMoney provides an excellent, exceptional quality customers support! The analysis of reviews is the following:
The bitmymoney.com may require the customers to pass through the user identification (account verification) process. The following procedures should be completed if the customer needs to exchange an amount over $55 USD in equivalent:
Note that the verification is only required for amounts over $55! You may purchase up to €50 without any KYC. After first purchase your bank account is verified and your limits increase. If you wish to have maximal limit, ID verification is required and the SEPA transfer becomes available once you have a phone verified.
According to the customers surveys results, the average time to verify an account at BitMyMoney is the following:
Sorry, we haven't yet collected enough data. Do you know, how fast e-wallet does account verification? Kindly let us know, too. Thank you very much!
BitMyMoney processes the orders automatically, that's definitely a good thing and the process should take no time. Although we know that some exchanges require various forms of staff approval, etc. for the specific orders; such ones generally take longer. Even fully automated platforms sometimes delay the funds delivery, so if you know that it's the case here at this e-wallet, let us and the community know about it, please!
So, what can we see? In accordance with the data we know about the bitmymoney.com, orders at BitMyMoney should be instant. Although we don't have enough information about the order delivery speed from actual customers yet, sorry.
Our users left 2 testimonials about their experience dealing with BitMyMoney, 100% of the testimonials are positive, 0% are neutral and there are 0 negative ones. Feel free to read as many of these as you like!
Fast service. I like everything! But I have mixed feelings about the verification. It can take a rather long time. everything else is perfect 5/5! Support is especially awesome AAA++++
Very good exchange for Netherlands and Belgium. Most popular local payments are supported. If you are Dutch and want support in your native language - these guys are your choice!
Overall result if great! 100% positive testimonials is something the business owners are very proud of, such a rating is hard to get and even harder to maintain! It means the community really trusts and likes the BitMyMoney services, so most likely, you'd enjoy it too!
Yes, it does. Although you can always withdraw the funds to your e-currency wallet "by default" BitMyMoney holds your balance at it's own hot storage wallet. That's something all e-wallet providers do; it's their main purpose, after all!
Although we have not enough users' reviews yet, we analyzed the information we have. Feel free to get acquainted with the details reading this review or just jump to the conclusion!
Although Bitmymoney BV (registered name of company operating BitMyMoney exchange) holds no special licenses, it fully complies with the regulation in Netherlands; no license is required there to run such a business.
It does! There are a mobile apps for popular mobile platforms available.
It is not a ripoff, although we have not rated BitMyMoney yet due to lack of user testimonials, it complies with our standards. Feel free to read the whole this review to understand why or check our conclusion: is BitMyMoney legit or scam.
Let's compare bitmymoney.com to other similar exchange services with more or less the same features: others of e-wallet type mostly. Besides, seems reasonable to compare the platform with the exchanges having similar rating and serving (mostly) the same geographic, etc. Remember that if you wish to find the exchange offering the best price to buy/sell Bitcoin and 49 other cryptos, check the best rates to buy bitcoin and crypto in United States!
Let's compare the key features of these two platforms to see which one suits you best:
Although the final decision, which exchange — CEX or BitMyMoney — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you look at the list above and decide, what is most important for you!
Let's compare the key features of these two platforms to see which one suits you best:
Although the final decision, which exchange — Coinbase or BitMyMoney — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you look at the list above and decide, what is most important for you!
Now it's time to draw a conclusion, is bitmymoney.com a scam or is it a legit exchange? We hadn't yet collected enough testimonials to assign BitMyMoney a rating, but according to our research it should be a good exchange. We have found no evidence that this e-wallet is a scam so it should be save to deal with. Let's summarize what we like most (and what we don't) about the BitMyMoney:
Bitmymoney is well-established, reputable company that really cares about customers' funds security. Besides, you may try the service without account verification! An excellent choice, especially in you are located in the Netherlands!