Cryptocurrencies in the Netherlands: Trading and Using Them
Cryptocurrencies like Bitcoin, Ethereum, and USDT have become a part of modern financial life — even in the Netherlands. Whether you're an expat investor, freelancer, or crypto-curious shopper, here's what you need to know about crypto in the Dutch context.
Is Crypto Legal in the Netherlands?
Yes. Cryptocurrencies are legal to trade and own in the Netherlands, though they are not considered legal tender. The Dutch government classifies crypto as an asset, and it falls under financial and tax regulations.
How Is Crypto Regulated?
The De Nederlandsche Bank (DNB) oversees crypto platforms operating in the country. Exchanges and wallet providers must register and comply with anti-money laundering (AML) and know-your-customer (KYC) rules.
Well-known regulated platforms include Bitvavo, Binance (with some restrictions), and international brokers that comply with EU regulations.
Where Can You Use Crypto in the Netherlands?
- Retail: While adoption is still limited, some cafes and shops accept crypto — especially in major cities.
- Online: Dutch-based web stores may allow payments via crypto gateways like BitPay or Mollie.
- Peer to Peer: Crypto is used for private transfers, freelance payments, or digital goods.
How Is Crypto Taxed?
The Dutch Tax Authority treats cryptocurrencies as assets and includes them in Box 3 (wealth tax) if your holdings exceed the tax-free threshold. You must declare your holdings based on their value on January 1 of the tax year.
Are There Crypto ATMs?
Yes, there are several Bitcoin and crypto ATMs in the Netherlands — mainly in Amsterdam, Rotterdam, and The Hague — though usage fees may apply.
Tips for Expats
- Keep good records of purchases, sales, and transfers.
- Use a Dutch or EU-compliant platform to avoid issues with DNB regulations.
- Declare crypto assets annually to the Belastingdienst to avoid fines.
Whether you're investing, spending, or holding for the long term, the Netherlands offers a fairly crypto-friendly environment — just be sure to stay compliant and informed.