Reminder: Binance crypto deposit promotion
From today, trading at Binance is no longer possible. Transfer your assets to Bitvavo and receive up to ā¬ 500.
From the 17th of July, 02:00 (NL time), Dutch resident users are no longer able to make purchases, trades, or deposits on the Binance platform. Binance failed to obtain the required registration from the Dutch authorities. Withdrawal of digital assets is still possible for the time being. A few weeks ago, Binance called on users to take appropriate action by withdrawing assets from their Binance accounts.
Bitvavo as the best alternative
As a registered crypto exchange and market leader in the Netherlands with more than 1 million users, Bitvavo is the best alternative for Binance users. Tens of thousands of customers have already switched over in recent days or deposited assets to their existing Bitvavo accounts. Users appreciate Bitvavo for its comprehensive and user-friendly platform, offering 190+ digital assets, and low trading fees of 0.03 - 0.25%.
Reward up to ā¬500: Promotion still valid until 31 July 2023
Bitvavo already introduced the safe and easy transfer service and promotion a few weeks ago, aimed at the Dutch market incentivizing the transfer of assets from Binance to Bitvavo. This promotion is still valid, until 31 July, and can yield a bonus of up to ā¬ 500. The earlier you deposit, the more you earn.
Here is how the promotion works:
- transfer your digital assets from Binance to Bitvavo
- receive as much as 10% APY* until 31 July
- automatic payout in euros on 15 Aug
- avoid intermediate euro or crypto withdrawals
Important conditions
The basis for the 10% APY* calculation is the value at the time of deposit, expressed in euros. Only deposits of digital assets count. Euro deposits therefore do not.
Trading in the deposited digital assets at Bitvavo is possible as normal during the promotion period, but please note: to prevent abuse, you are only eligible for this promotion if you have not made and do not make any crypto or euro withdrawals between 23 June 2:00pm and 15 August 0:00am (CEST). If you have made or are making a withdrawal during this period, you will forfeit your right to claim this promotion.
The promotion and payout is capped at ā¬500 per customer and is only valid for crypto deposits sent directly from Binance (or OKX). Bitvavo reserves the right to exclude users from the promotion in case of abuse or other unfair activities, as well as the right to modify or withdraw the promotion. Further explanations and promotion terms can be found here.
New to Bitvavo?
Trade your first ā¬10,000 commission-free!Bitvavo welcomes new customers with a temporary promotion of ā¬10,000 commission-free trading, valid in the first 7 days after signing up. Benefit now. Become a Bitvavo customer by signing up here.
Do you have any questions about depositing or signing-up to Bitvavo? Our support team is fully available to help you switch.
Please contact us:
- Customers - [email protected]
- Corporate customers - [email protected]
- Press - [email protected]
*APY stands for "Annual Percentage Yield", the percentage you receive on an annual basis. An APY of 10% translates into a return of Ā±0.03% per day, meaning your return in the action period can grow to over 1.00% in the action period if you deposit right from the start.