Address Book Information
Due to the introduction of the fifth anti-money laundering directive, which came into effect in the Netherlands on May 21, 2020, Bitvavo has come under the supervision of De Nederlandsche Bank. According to De Nederlandsche Bank, this supervision means that digital currencies may only be sent to verified wallet addresses.
Before you can send digital currencies to an external wallet address, you must first add this external wallet address to your address book. This means you never have to enter the same wallet address again, you limit the risk of possible errors and you can easily keep track of which wallet addresses you have made transactions to.
Roadmap Address Book
The address book linked to your Bitvavo account can to a large extent be compared to the address book linked to your bank account and works as follows:
- Navigate to the address book page.
- Click on "Add address".
- Select the relevant digital currency for which you wish to add a wallet address.
- Enter the wallet address and enter the (nick) name that you want to be linked to your external wallet address.
Then all you have to do is have your external wallet address verified and you are ready to send your digital currencies to the desired address.