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Privacy Policy

At Nedbits B.V. we value your privacy. We follow the standard security measures to keep balance privacy, fraud prevention and the promotion of the legitimate use of Cryptocurrency. Cryptocurrency has not yet been officially recognized yet but still we believe it is a currency and therefore act falls under financial law. One of the most important parts of this is the KYC (Know your customer) policy to prevent money laundering.

We work the best we can to prevent that your information falls in the hands of third parties. We do not sell or supply your details to third parties, unless we are required by law to do so for specific fraud cases or other crimes. We will not participate in non-oriented or a not sufficiently substantiated claims for data.


We aim to keep the use of cookies to a minimum, still our service is dependent on it.

Every company that trades bitcoins is obligated to know who they are conducting business with. We keep track of the following data:

  • purchase time and amounts
  • bank information
  • IP address
  • bitcoin address
  • necessary affiliate information
  • verification information (mobile phone number, email address)

From a certain maximum amount (standard above 50 euros per week) for purchases through iDEAL, new customers are required to verify their bank account number. This information will be linked to their purchases.

Privacy during cryptocurrency transactions

You need to be aware of the fact that information on some cryptocurrency coins is publicly available. The coins you buy from us are also traceable. In theory, coin purchases can be traced back to Nedbits B.V. The same goes for sale orders.

For privacy considerations you could choose to use a mixing service.

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