Blox Review: Is Its Crypto App Right for You?

Blox is a centralized app for buying and selling crypto, aimed at people who want a simpler alternative to managing trades and wallets themselves. It lists more than 185 coins, including Bitcoin, Ethereum, Solana and Dogecoin, and advertises a starting amount of €1. You can buy and sell in the app, follow live prices, set price alerts and use recurring purchases (DCA). The listed ways to pay include iDEAL, Bancontact and credit card. Blox also advertises free Bitcoin deposits from another platform or wallet. That does not establish that every coin can be deposited or withdrawn, so check the supported transfer options for the specific asset you want to use. Blox is a custodial service: you rely on the company to hold and manage crypto rather than controlling the private keys yourself. Its two account options have different costs and custody terms, so compare them before choosing.

The clearest published account charges are for the Beheerd option: €1 per month, plus a stated annual fee of 1% at €10,000 in crypto. Blox does not publish a complete trading-fee schedule in the page details, so you should not assume that buying or selling is free. Check the price policy and the final quote in the app before confirming a trade; the difference between the quoted price and a market reference price can also affect your cost. For Earn, Blox says it keeps a higher return than the weekly reward it pays you, with the difference serving as compensation for the service. The advertised reward range is 0.25%–12.5%, but a range is not a guaranteed rate. Check the current rate, terms and any applicable costs in your account before committing funds.

Blox says it has an AFM licence as a crypto-asset service provider under MiCAR. That provides a regulatory framework for its crypto services, but it does not protect you from crypto-market losses or mean every product has the same regulatory treatment. In particular, Blox says its Earn activity is not under AFM supervision. Blox describes crypto in the Beheerd account as separately held and not part of Blox’s assets. That is a specific claim about that account option; do not assume it applies to every account or to crypto lent through Earn. The page promotes secure storage but does not detail an independent custody audit or publish audit results. Before transferring a significant amount, read the account terms to understand what happens if Blox becomes insolvent, and confirm how you can access or move your assets. Crypto remains high risk even when a provider is licensed.

The product is designed around an app-based buying and selling flow: choose a coin, enter an amount and pay using an available method. Blox advertises quick purchases, real-time prices, price alerts and recurring buys, which can make routine investing easier to manage. You can start with a small amount, but a low minimum does not make a coin less volatile. Blox lists more than 185 assets, though the page does not specify which blockchain networks or withdrawal routes are available for each one. It advertises free Bitcoin deposits, not a blanket promise of free transfers for all assets. Check the exact coin and network shown in your account before sending crypto; a wrong network or address can result in permanent loss. The page does not publish the verification steps or timing for account approval, so confirm what identity checks are required before planning a deposit or sale.

Earn is optional and works differently from simply holding coins in the trading account. Blox says you lend your crypto to Blox in return for weekly rewards, and the activity is not under AFM supervision. The advertised range is wide, so check the rate for the particular coin and whether it can change. Lending introduces counterparty risk: you depend on Blox’s ability to meet its obligations, and you may not be able to access lent assets on the same terms as crypto that is not in Earn. The reward is not a guaranteed yield, and a reward cannot reliably offset a fall in the coin’s market price. Only opt in after reading the current terms, including how to stop lending and when assets become available again. If you want to retain direct control and immediate access to your crypto, do not treat Earn as a cash-like savings account.

Blox’s main trade-off is convenience versus control and cost clarity. The app promotes an easy entry point and a broad coin list, but the full trading charges, identity-check process and coin-by-coin withdrawal terms are not set out on the page. You also rely on a centralized provider to hold assets, and Earn adds lending risk. Before opening an account, read the current price policy and terms, confirm the payment and withdrawal methods you need, and decide whether you want the Beheerd account or ordinary buying and selling. Do not opt into Earn just because a headline rate looks attractive. Crypto prices can fall sharply, and Blox itself warns that you could lose your investment. If you need self-custody, detailed published fee schedules or guaranteed access to your coins at all times, compare other options first.