Anycoin Direct Review

Anycoin Direct is a Netherlands-based cryptocurrency brokerage that’s been around since 2013. They’re certainly not the biggest name in the crypto-trading industry. However, as evidenced by their start date, Anycoin Direct has withstood the test of time in relation to other trading platforms.

As the “brokerage” aspect refers to, Anycoin works differently than the average cryptocurrency exchange. Rather than trading coins with other people, you deal directly with the site when you buy and sell cryptocurrencies. This process has both advantages and disadvantages compared to the average exchange.

They also have their own blog with important info for anyone looking at buying crypto and even go so far as to include a step by step guide to purchasing crypto on their site.

Which Countries Can Use Anycoin Direct?

This exchange accepts almost every country. However, they’ve notably blocked US residents from their main site. This is primarily due to US regulations. If you are in the US then don't despair as there are several other exchanges that you can use and you can read more about them in our other cryptocurrency exchange reviews.

Payment Methods

Anycoin Direct is class leading with its myriad of options available to potential investors. Here are all the available options:

• EPS
• Credit card (Visa & MasterCard)
• Giropay
• iDEAL
• SEPA bank transfer

Wallets

Due to the nature of this cryptocurrency exchange, being what is essentially a customer to customer brokerage, you will need to arrange your own wallet solution before you buy cryptocurrency. There are several good options for this purpose depending on which cryptocurrencies you plan on trading.

Fees

Fees are obviously a very important thing to consider for any would-be investor. Anycoin Direct is different from most centralized exchanges in the way that it does not charge fees based on a percentage value of the asset being bought or sold. Instead, the purchase or sell price offered is slightly higher or lower than the market price, respectively. The exact mark-up or mark-down is not specified anywhere.

This is potentially a risk for you as a customer. For this reason, we suggest that before making any purchase or sale you use a coin value monitoring site such as CoinMarketCap or CoinGecko to check what the exact value should be so you can check the difference in price.

In my experience I have found that exchanges that use this system are often comparable to the more normal fee based system but please as always Do Your Own Research.

Security

What matters most to the vast majority of potential investors is security, whether they can access their funds quickly and easily whilst at the same time being completely secure from risk. As a broker type exchange, Anycoin Direct never holds balances from accounts itself.

This mans that even if Anycoin Direct were to be the victim of an attack by hackers the investors assets would not be at risk, in much the same way as a DEX such as Uniswap or Sushiswap. This does make Anycoin Direct one of the safest exchanges to use but it does also mean that it is necessary for the investor to arrange their own storage solution such as a hardware wallet.

Support

A key way in which Anycoin Direct distances itself from it's competition 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 may have through their dedicated Live Chat function. This feature really sets it apart from its competition.

Anycoin Direct offers customer support through the following channels:

• Live chat
• Support Team ticket
• Telephone
• Email
• Facebook