Anycoin Direct

Anycoin Direct Review

What is Anycoin Direct?

Anycoin Direct is an exchange based in the Netherlands. Technically, it’s not an exchange but a “broker of cryptocurrencies”, but for the sake of consistency it will be referred to as an exchange in the following review. 

Strong Support Function

A feather in the hat for this exchange is its prominent support function. Anycoin Direct’s extensive Customer Support service is open 7 days a week, 365 days a year. The support agents are highly trained and ready to answer each and every question that customers or potential customers customers may have through their dedicated Live Chat function. This is a really great feature of this exchange.

Trustpilot Score

Anycoin Direct also has a very good score on Trustpilot. From 9,222 reviews, they have as of the date of the last update of this review (8 June 2019) received 8.4 as their average score. For a cryptocurrency exchange, this is very impressive.

Anycoin Direct 2.0

In an email to its users on 28 April 2020, the exchange announced that they had made a lot of changes to the layout of their page, and also added a few new features. They call the new version "Anycoin Direct 2.0". The following picture summarizes the changes:

US-investors

US-investors may not trade here. Exclusion of US-investors is primarily because of the US regulatory regime. Don’t be too sad though if you are a US-investor. There are many other venues available to you. Use our Exchange Filters to find out which alternatives you have.

Anycoin Direct Trading View

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. At Anycoin Direct, the trading view is very simple and easy to understand but lacks the fancy features that more advanced traders often require. It looks like this:

Anycoin Direct Fees

Anycoin Direct Trading fees

The fees at any exchange are very important to consider. Anycoin Direct is different from most regular centralized exchanges in the way that it does not have fees that are a percentage of the order value. However, when buying crypto via the exchange, the purchase price offered is usually slightly higher than the market price. Conversely, when selling crypto via the exchange, the purchase price offered is usually slightly lower than the market price. The mark-up or mark-down is not specified anywhere. This is potentially a risk for you as an investor. Accordingly, we urge you to make your own determination of whether the fees and price differences at this exchange seem reasonable to you.

Anycoin Direct Withdrawal fees

This platform only charges the network fee when you withdraw crypto. This is a more consumer friendly withdrawal fee model than what is average in the crypto industry. The exchange has a fees page on its website for user's reference.

Deposit Methods

Anycoin Direct offers wire transfer as a deposit method, and since 8 April 2019, they also offer credit card payments (VISA or MasterCard) for all of their supported cryptocurrencies.

You can also do crypto-to-crypto trading here. The crypto-to-crypto trading at Anycoin Direct is very fast and efficient.

Anycoin Direct Security

What users are mostly concerned about when it comes to security is whether or not the exchange is susceptible to a hacker attack and – if so – whether the users’ assets are at risk. Anycoin Direct never hold balances from accounts itself. This means that even if Anycoin Direct would be the subject of a hacker attack, the users’ assets would not be at risk, somewhat similar to how it is with a DEX. This is naturally something which adds a layer of security to the platform.