Bitladon Review: The Fastest Entry-Level Crypto Exchange
Today, we will be reviewing a popular crypto exchange from Europe, Bitladon, and explore what it has to offer and what it makes so special.
What Is Bitladon?
Bitladon is based and registered in the Netherlands, with its main office in Aalsmeer. Bitladon exchange is owned and managed by the Coin Meester B.V. company, which is also registered in the Netherlands. The company’s owners are Boyd Meuleman and Mitchell Zandwijken.
Even if the exchange was launched in June 2017, it rapidly gathered a large user base, mainly because of their EURO to crypto transactions.
Bitladon’s listing includes a wide variety of crypto coins. The exchange currently supports more than 190 different cryptos, such as Bitcoin, Ethereum, Monero, Litecoin, Electra, Storj, and many others. The only supported fiat option is Euro, which can be used to buy or sell any coin listed on the platform.
Interest on Stablecoins
Last year, Bitladon introduced the option of earning interest on the stablecoins they support on their platform. The stablecoins that are currently available include Tether (USDT), TrueUSD (TUSD), Paxos Standard (PAX), and Dai (DAI), and you can get a yearly interest rate of 3%.
In order to receive interest, all you have to do is keep one of the aforementioned stablecoins in their respective Bitladon wallet. You can also just deposit the coins on the platform if you already own some, or you can move them from other exchange accounts. Every day, the interest is credited to the users’ accounts. This feature is very advantageous to crypto owners who are looking to hold their coins for a long period of time, as they practically get paid for doing so.
On many crypto exchanges, you can usually make fast crypto deposits and withdrawals, but there is always a delay when it comes to fiat deposits. With Bitladon, there are no such issues, as you can buy cryptocurrency with fiat as easy as you would with any other crypto.
Euro deposits take one business day to be credited in your account through SEPA (Single European Payment Area). This process usually takes up to 5 business days to be completed by other exchanges.
With fiat, you can buy digital currencies or sell your crypto for EURO and easily withdraw your funds in the same manner. Crypto and EURO transfers to and from your account are automatically sent to your Bitladon account or bank account.
Instant Crypto Swaps
Whether you want to buy or sell any of the cryptos listed, the exchange processes these swaps in an instant. Just go to the “Exchange Any to Any” section, put in the coins you want to swap, and then click on “Exchange.”
Bitladon’s interface has a clean and functional design aimed at both beginner and advanced traders. Users can choose from two trading modes: Simple Buy & Sell trading or Advanced. The simple trading mode enables the quick swap of digital currencies at current market rates, while the advanced mode lets you set your own prices for your order or place stop-loss orders.
Android and iOS Apps
Bitladon also wants to cater to traders on the go, and as such, they have created mobile apps compatible with the mobile devices which have iOS and Android systems installed. The mobile apps are currently available for Dutch users, but soon they will launch the apps in English, Spanish, Polish, and French.
While there are no fees for depositing and withdrawing cryptos applied by Bitladon, you will still have to pay the network fee when withdrawing, with the fee varying from coin to coin.
The trading fee is 2% for all trades, but this fee can be lowered based on your VIP status and your trading volume for a 30-day period. You can reduce your fee down to 0.25% per trade.
To protect its users’ data and funds, Bitladon has implemented various security measures that will keep malicious attackers from trying to get to them.
The data sent between the user and the site is protected by SSL encryption. To protect user accounts, the platform allows users to enable 2FA via e-mail or Google Authenticator.
Also, when you try to access your account from a different device or location, Bitladon will send you a code via e-mail each time to verify your identity.
The platform stores 95% of user funds in cold wallets, which are permanently offline. This prevents hackers from taking all the money from the exchange at once in case of an attack.
Their exchange has never been hacked so far.
In order to cater to a larger European user base, Bitladon has its site translated in Dutch, English, French, Spanish, and Polish. The customer support is offered in Dutch, French, and English.
Customers of Bitladon can get in touch with their support staff by phone, e-mail, as well as chat on workdays between 9 AM and 5 PM. The support team has been rated to be extremely proficient and helpful, with e-mail support being available outside of working hours. The response time is usually within one hour from the time the email has been sent.
Bitladon is a fast and efficient exchange that mostly caters to Europe-based users or those who have European bank accounts, as it allows fast crypto-to-crypto and fiat transfers.