If you are just starting your crypto journey and searching for a platform that accepts euros and is easy to use, you might have come across Bitcoin Meester. It is now known as BCM, short for Coin Meester B.V. In this review, we will explore what this platform offers, how safe it is, what the fees look like, and whether it is still a good choice after its recent connection with Kraken.
What Is Bitcoin Meester or BCM?
Bitcoin Meester began in the Netherlands in 2017 under the company Coin Meester B.V. Over time, it became one of the well-known crypto brokers for beginners who wanted to buy or sell digital coins using euros.
In recent years, the company decided to modernize its brand and platform, so it now operates under the name BCM. Some users still recognize it by its older name, Bitcoin Meester, but both refer to the same service.
The goal of BCM is to make crypto simple. You can create an account, verify your identity, deposit euros, and start trading hundreds of coins in just a few minutes. This focus on simplicity is one of the main reasons beginners choose it over large exchanges that may feel complicated.
What Changed After Kraken’s Acquisition?
In 2024, the global crypto exchange Kraken acquired Coin Meester B.V. This was big news for the Dutch and European crypto community. The acquisition means that BCM now has the support of a major international brand known for security and compliance.
For users, this could mean better access to liquidity, stronger regulations, and possibly new features in the future. While the interface and fees have not drastically changed yet, the move adds more trust to BCM’s name.
For beginners, it is reassuring to know that a large and reputable company now backs the platform they are using.
Getting Started with Bitcoin Meester
Creating an account with BCM is simple. You start by registering with your email, verifying your identity, and then connecting your bank account. Because BCM is a regulated broker in the Netherlands, identity verification is required before trading.
Once verified, you can deposit funds directly in euros using local payment methods such as iDEAL. The platform layout is clean and easy to navigate. There is a dashboard that shows your portfolio balance, recent transactions, and market prices.
For new users, the setup process feels smoother than on large global exchanges. You do not need to understand advanced trading tools or complex charts to make your first purchase.
Supported Coins and Trading Options
BCM supports a wide range of digital currencies. From popular ones like Bitcoin, Ethereum, and Ripple to smaller tokens, the platform has more than 170 available.
You can buy or sell directly using euros, which is convenient for users in Europe who do not want to deal with dollar conversions.
However, BCM works more like a broker than an exchange. This means you buy crypto directly from the platform instead of other users on an open market. The benefit is that transactions are instant and beginner friendly. The downside is that you might pay slightly higher fees than on trading-focused platforms.
Understanding Fees on Bitcoin Meester
Fees are one of the main topics users discuss when reviewing BCM. Like many brokers, the platform charges a service fee on each transaction. The fee amount depends on the coin and the size of your trade.
For smaller purchases, the fees can feel higher compared to large exchanges. This happens because you are paying for the convenience of simplicity and direct euro transactions.
Some users also mention that the withdrawal fees are not clearly listed for every coin. This can cause confusion, so it is always a good idea to check the estimated cost before confirming any transaction.
In short, BCM is not the cheapest option for frequent traders, but for beginners who value ease of use, the trade-off can be worth it.
Is Bitcoin Meester Safe and Regulated?
Security is one of the first questions anyone should ask before using a crypto platform. BCM, previously Bitcoin Meester, is registered with the Dutch Central Bank (De Nederlandsche Bank). This registration adds credibility and ensures that the company follows European regulations related to money laundering and financial compliance.
BCM also offers two-factor authentication, encrypted connections, and secure wallets. Most assets are kept in cold storage, which means they are stored offline and away from hackers.
While no platform is completely risk-free, BCM has not had any major security incidents publicly reported, which is a good sign for new investors.
What Do Users Say About Bitcoin Meester?
User opinions about BCM are mixed, as is common with most crypto brokers.
Many customers appreciate the simple interface, fast deposits, and the fact that everything works in euros. Beginners say they feel more confident because they can see prices in their local currency instead of calculating conversions.
However, some users complain about the high trading fees and occasional delays in withdrawals. Customer service reviews also vary, with some praising fast responses while others report slower communication.
Overall, the feedback suggests that BCM performs well for small investors and long-term holders but may not be ideal for daily traders.
Pros and Cons of Using Bitcoin Meester
Pros
- Easy setup process suitable for beginners
- Regulated in the Netherlands for extra trust
- Direct euro deposits and withdrawals
- Backed by Kraken since 2024
- Large selection of cryptocurrencies
Cons
- Higher fees compared to trading exchanges
- Limited advanced trading tools
- Some mixed customer support reviews
Who Should Use Bitcoin Meester?
BCM is best for new users who want a simple, regulated, and euro-friendly way to buy and hold cryptocurrencies. If you are someone who prefers convenience over complexity, you will find this platform comfortable.
On the other hand, if you are a day trader or plan to make many transactions per week, the higher fees might make other exchanges more appealing.
BCM is a good fit for anyone who values security, regulation, and ease of use over advanced trading tools.
Read Also:
- How to Make Accurate Bitcoin Predictions
- What’s the Latest ETH Price Prediction for 2025 and Beyond?
Conclusion
Bitcoin Meester, now BCM, remains one of the most user-friendly crypto platforms in Europe. The partnership with Kraken adds more strength and credibility to its name.
While its fees can be a bit higher than those on global exchanges, it makes up for that by offering a smooth experience and local compliance.
For beginners looking for a trusted and straightforward platform to start their crypto journey, BCM is a safe and convenient choice.
Frequently Asked Questions
Is Bitcoin Meester the same as BCM or Bitladon?
Yes, Bitcoin Meester rebranded to BCM under Coin Meester B.V. The platform and services remain similar but with a refreshed name and design.
Is BCM regulated in the Netherlands?
Yes, BCM is registered with the Dutch Central Bank and follows local financial regulations.
Did Kraken buy Bitcoin Meester?
Yes, Kraken acquired Coin Meester B.V. in 2024 to expand its European presence.
How many coins can I trade on BCM?
You can trade more than 170 cryptocurrencies using euros.
Is BCM good for beginners?
Yes, BCM is designed with beginners in mind. Its interface is simple, and the buying process is quick and intuitive.
