AnycoinDirect Review – is it scam or safe?

AnycoinDirect Review – is it scam or safe? explained by professional Forex trading experts the “ForexSQ” FX trading team.

AnycoinDirect Review – is it scam or safe?


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.

The Company. Security of Funds

AnycoinDirect started business as 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.

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.

AnycoinDirect Review – is it scam or safe? Conclusion


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