Belgacoin

Belgacoin

Belgacoin
In Social Media:
Intuitive Ease of use,  Enough secure,  Anonymously trading

Belgacoin is a small crypto exchange service that doesn't require user registration for trading. Users can buy or sell small amounts of BTC, ETH, BCC, LTC, and DOGE with Belgacoin just by inputting their e-mail address and specifying the quantity they want. Belgacoin offers support for multiple fiat currencies and can be used for larger trades by providing additional personal information.

Belgacoin is best for users who don't have a technical background or for ones who prefer to make small transactions. In case one wants to use the wallet provided by the platform, he needs to create an account. They offer a basic wallet for Bitcoin, Litecoin, and Dogecoin.

Crypto Currencies Support

Traditional Currency Support

  • Australian Dollar (AUD)
  • Canadian Dollar (CAD)
  • Croatian Kuna (HRK)
  • Danish Krone (DKK)
  • Euros (EUR)
  • Hong Kong Dollar (HKD)
  • Hungarian Forint (HUF)
  • Indonesian Rupiah (IDR)
  • Japanese Yen (JPY)
  • Mexican Peso (MXN)
  • New Zealand Dollar (NZD)
  • Norwegian Krone (NOK)
  • Philippine Peso (PHP)
  • Polish Zloty (PLN)
  • Russian Ruble (RUB)
  • Singapore Dollar (SGD)
  • South African Rand (ZAR)
  • South Korean Won (KRW)
  • Swedish Krona (SEK)
  • Swiss Franc (CHF)
  • Thai Baht (THB)
  • Turkish Lira (TRY)
  • US Dollar (USD)

Language Support

  • Dutch
  • English
  • French
  • German

Country Support

  • European Union

Platforms Systems

  • Web Interface

Belgacoin security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
No
Funds Insured
Funds are not insured
Private Keys Stored On
Exchange platform
Storage Type
Hot storage

Advanced Security Features:

  • Limit amount of daily trades

Security Features:

  • SSL

Legal Registration or Compliance:

  • KYC/AML Compliant

Belgacoin was founded by Andre Powroznik in 2014. The company is based in Belgium and offers the possibility of placing online orders without the need of registration. The company doesn't allow any meetings with customers and provides the service"as is" with all faults, defects and errors, and without warranty of any kind.

Summary:

Overall, this service offers pretty much what they claim it does, exchanging their supported cryptos against numerous fiat currencies quickly and hassle-free. On the downside, the only payment method is via bank wire or SEPA transfer (for EU-based users) and they don't offer service to US residents or citizens.

Ease of use
Intuitive
Transaction Fees
1,5%
Deposit/Withdrawal Fee
0.8% +
Deposit/Withdrawal Fee c For Bank Transfer
1.1+
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
N/A
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit from bank account, Withdrawl funds to bank account

Functionality:

Belgacoin offers the easiest way to trade, but the functions are limited. Users can make payments only through wire transfers or SEPA. As much as possible, orders are processed directly and available market rates are applied. This service manually approves transactions. Due to US legislation, Belgacoin can't provide service for US citizens or US residents.

Most common
customer complaint:

Limited functions, slow processing time, connection issues