What is an exchange and which exchanges does BBT support?

An exchange is a currency exchange for crypto. BitBrokerTrade works with six exchanges: Bitvavo, Coinbase, Binance, Bitstamp, KuCoin and Bybit.

An exchange, also known as a crypto exchange or currency exchange, is a platform where you can buy and sell cryptocurrency. Think of it as a bank account, but specifically for crypto: you deposit euros into your account at the exchange, place a buy order and the exchange executes it for you.

How does an exchange work in practice?

Say you want to buy € 500 worth of Bitcoin. You give the exchange that order and it executes the transaction. The exchange takes € 500 plus transaction fees from your euro balance at the exchange and credits the corresponding amount of Bitcoin to your Bitcoin balance.

Does the price rise afterwards and do you want to lock in the profit? Then you place a sell order. The exchange sells the Bitcoin, withholds its transaction fees and credits the amount in euros to your euro balance. You can always freely transfer the balance on your euro account at the exchange to your own IBAN account at a bank, your money is never locked in.

Supported exchanges

BitBrokerTrade works with six exchanges. Choose the exchange you already use or want to use and follow the corresponding connection guide.

Bitvavo

Dutch exchange, easy to connect via API key.

Binance

Largest exchange in the world, API via API Management.

Bybit

Spot trading via API key, KYC required.

Bitstamp

Established European exchange, API through the Security menu.

Coinbase

Connect through the Coinbase Advanced Trade API.

KuCoin

Asian exchange, API with an additional password required.

You must create an account at one of these exchanges yourself and deposit euros before you can activate the connection with BitBrokerTrade. BitBrokerTrade trades with the balance you make available on your exchange account.