Anycoin Direct, available to users in over 30 countries as of 2019, is Europe’s fastest way to buy cryptocurrency with EUR.
Customers can buy bitcoin and altcoins with a linked bank account, SEPA, and several more payment options.
In this Anycoin Direct Review, we will explore the pros and cons of the exchange, analyze some of its features, and show you how you can use it to buy some Bitcoin.
- Intuitive and simple to use
- Offers a lot more coins than Coinbase
- Very secure as purchased coins are stored on your own wallet
- Only available in Europe
- Credit card / PayPal purchases are currently not supported
Is Anycoin Direct Safe?
This is a common question since Anycoin Direct is one of Europe’s largest cryptocurrency exchanges.
Yes, the exchange is safe. Anycoin Direct is a legitimate company with offices in The Netherlands and has been around since 2013.
Furthermore, Anycoin Direct does not store your cryptocurrency and sends your coins immediately to a wallet that you control right after you bought them.
This way, your coins are safe even if Anycoin Direct ever got hacked (something that has never happened so far).
How does Anycoin Direct Work?
Anycoin’s intuitive user interface makes it a great cryptocurrency exchange for someone that lives in Europe and that wants to buy their first Bitcoins.
The main difference to other cryptocurrency exchanges is that on Anycoin Direct, you need to create yourself a Bitcoin wallet first if you want to buy some BTC. We wrote an in-depth review comparing the best crypto wallets so make sure to check it out if you don’t have one yet.
At the bottom of the page, there is a step-by-step guide that shows you exactly how to buy Bitcoin on Anycoin Direct.
What payment methods can you use on Anycoin Direct? What about trading fees?
Anycoin Direct currently supports the following payment options:
The only fees that you will have to pay when buying crypto on Anycoin direct are the “Miners fee” and the “Payment processor fee”.
The first one is simply the network fee that you need to pay every time you make a transaction to reward the miners that verify it. The latter is, as the name suggests, the fee taken by the payment processor that you are using.
Anycoin does not charge any fees itself but charges a spread on the coin price to generate revenue.
Anycoin Direct Limits
There are 5 account levels on Anycoin.
Level 1 does not require any verification at all but has a low weekly buy limit of 250€ and a sell limit of 1.000€.
On the other hand, level 5 requires you to verify your phone number, to submit your ID and proof of residence, and to conduct a webcam validation on Skype. The final verification tier will enable you to buy up to 25.000€ of crypto per week and to sell up to 50.000€.
It’s important to note that completing verification for your account is a very simple process and can be done with the click of a button.
Further, on the contrary to most other exchanges where verification can take weeks, Anycoin usually verifies your documents in just 2 hours.
At the time of writing, Anycoin supports Bitcoin and 20+ other altcoins like Ethereum, Ripple, Litecoin, and Stellar.
Anycoin Direct is currently only available in Europe and all crypto assets on the exchange are paired in EUR.
The exchange accepts users from any European country.
How good is the customer service?
Anycoin has an excellent customer support team that is available to answer any question you may have every day of the week.
The team can be reached via email or via phone, and they are online from 09:00 till 22:00 (GMT+1) on weekdays and between 10:00 and 18:00 on weekends.
Anycoin also has an outstanding help center that enables you to answer most of your questions yourself, without having to open a support ticket
The help center also goes as far as analyzing each of the coins that the exchange offers and recommending which wallet you should use.
This is especially valuable for people that are just getting started and that haven’t made it past the initial “research” phase just yet.
How to buy Bitcoin on Anycoin Direct
In this guide, I will show you how to buy Bitcoin on Anycoin because it’s by far the most popular cryptocurrency.
However, these exact same steps can also be followed to buy absolutely any other crypto asset as well as long as its supported by Anycoin.
STEP 1: Create an Account
The first step is to create an Anycoin account. This is very simple and will take you less than a minute.
In order to create the account, you will only have to type in your full name, email address, residence, and a safe password.
After you add that information and click “Register”, you will receive a confirmation email which you need to click in order to activate your account.
STEP 2: Go to “Buy Bitcoin”
After you activated your Anycoin account and logged-in, you now need to go on the “Buy Bitcoin” tab.
As illustrated in the screenshot above, you will find this tab right in the main navigation of the website.
STEP 3: Fill out the buy order
Now that you’re on the “Buy Bitcoin” page, the next step is to type in how much Bitcoin you want to buy, your Bitcoin address (which you need to have created beforehand), and the payment option you want to use.
Before submitting your order, you will see a small window that summarizes how much Bitcoin you will receive, the EUR equivalent, and associated fees.
After you reviewed that everything is alright, you can now press “Buy Bitcoin”.
STEP 4: Send money, and that’s it!
In the final step, you will be redirected to the page of the payment processor that you selected.
You now need to deposit the EUR equivalent of the Bitcoin that you want to buy.
After you deposited your EUR, you will automatically receive your BTC right to your Bitcoin address!
Anycoin Direct is a highly underrated exchange that every European should try.
Its security, large selection of assets, simple user interface, and excellent customer support make it by far one of the best ways for Europeans to their first crypto.
CoinDiligent Staff Writer