https://ift.tt/JpkUuhP To Buy Bitcoin in Germany?

How To Buy Bitcoin in Germany?

https://ift.tt/pJjs4n6

Easiest and cheapest ways to buy crypto in Germany

No matter where they live, people always seek the easiest and cheapest way to buy bitcoin. Buying crypto in Germany is a bit harder than in some other countries so we have compiled a list of exchanges where Germans can buy bitcoin.

Established & high liquidity

How To Buy Bitcoin in Germany?

Bitcoin.de

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – Medium
πŸ‘› Verification – 1-2 days
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – EUR

Bitcoin.de, based in Germany, is one of the largest Bitcoin exchanges in Europe.Β 

More info +

Bitcoin.de entered into a strategic partnership with Fidor Bank AG in Munich, allowing users to process payments for purchases and sales of cryptocurrencies directly via their own bank account

⚑ Deposit fees:
Free
⚑ Withdrawal fees:
Vary from crypto to crypto
⚑ Trading fees:
0.5%
⚑ Payment Methods:
Bank Transfer (SEPA)
⚑ Supported fiat:
EUR

Β  Bitcoin.de is highly popular and trusted by one and all, as is evident from its global user base
Β  More than 98% of the customer portfolios are kept offline
Β  Trading takes place with audited Bitcoin customer trading portfolios

The customer service help desk is not highly responsive

Regulated & high liquidity

How To Buy Bitcoin in Germany?

eToro

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – Low
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP + more

eToro is a crypto trading and exchange platform that entered the crypto market in 2013. However, eToro started its operations in 2007 as a social trading platform for commodities, CFDs, currencies, indexes, and stocks

More info +

eToro is based in Tel Aviv-Yafo, Israel. Furthermore, eToro has offices in 4 more countries and is regulated in these countries by CySec (Cyprus), FCA (UK), ASIC (Australia), and FSAS (Seychelles). The has roughly around 17 million users worldwide and is available in around 100 countries. Retail Leverage, Pro Leverage, Customisable Leverage, Deleveraged Trading, Copy-Trading, Spot Trading, and Demo account are the main features of eToro. It supports more than 45 currency pairs.

⚑ Deposit fees:
Free
⚑ Withdrawal fees:
$5
⚑ Trading fees:
0.75 % – 4.9 % spread depending on the cryptocurrency
⚑ Payment Methods:
15+ (Credit Cards, MasterCard, Visa, EWallets, etc.)
⚑ Supported fiat:
USD, EUR, GBP, and 20+ more

Β  The longevity on the crypto market
Β  Low fees
Β  Various exciting features
User-friendly interface

Lack of stocks and other investment options
Not available in all states in the US
Inactivity fee

Established & high liquidity

How To Buy Bitcoin in Germany?

Binance

πŸ‘› Ease of Use – Medium
πŸ‘› Fees – Low
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP, AUD, RUB

Binance was launched back in July of 2017 and very quickly became the world’s largest cryptocurrency exchange by trading volume with more than $1 billion on a daily basis.

More info +

There are various reasons why Binance became so popular so quickly with the main ones being a professional attitude, friendly and transparent CEO, low trading fees, and the large number of cryptocurrencies supported by the platform. In fact, the number of cryptocurrencies supported is over 350 and Binance is supported in over 60 countries. The founder of the exchange is Changpeng Zhao. Binance’s headquarters are in Hong Kong, HK.

⚑ Deposit fees:
Free
⚑ Withdrawal fees:
Vary from crypto to crypto
⚑ Trading fees:
0.1%
⚑ Payment Methods:
Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more
⚑ Supported fiat:
USD, EUR, GBP, AUD, RUB, and 15+ more

Β  The largest cryptocurrency platform
Β  Various advanced services and features
Β  Low fees and high liquidity
A large number of cryptocurrencies supported

Not fully registered
Hacked in 2019

Regulated & high liquidity

How To Buy Bitcoin in Germany?

Kraken

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – Average
πŸ‘› Verification – 2-3 Days
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP, JPY, CAD

Kraken is one of the oldest and biggest centralized cryptocurrency exchanges on the market. It was founded in San Francisco, California, the United States, in 2011. It has over 6 million users all over the world. Kraken offers 90+ cryptocurrencies that you can buy, sell, and trade.

More info +

Today, Kraken is available in more than 170 countries around the world. It is registered under FinCEN in the U.S., but residents from New York and Washington aren’t allowed to use it. It is a user-friendly exchange and an excellent platform for safe and secure transactions. It supports buy/sell, send/receive, exchange, margin trading, OTC trading, staking, limit, market, and stop-loss limit order, futures, take profit market order, and more.

⚑ Deposit fees:
EUR SEPA Deposit (Free) – EEA countries only USD Bank Wire Deposit ($5 USD) – US onlyEUR Bank Wire Deposit (€10) – outside the US only USD Bank Wire Deposit ($10 USD) – outside US onlyJPY Bank deposit (Free, Β₯5,000 deposit minimum) – Japan-only USD, Wire Deposit (Free)
⚑ Withdrawal fees:
Cryptocurrency: Fees vary, SEPA Withdrawal (€0.09) – EEA countries only USD Bank Wire Withdrawal ($5 USD) – US only USD Bank Wire Withdrawal ($60 USD) – outside US onlyEUR Bank Wire Withdrawal (€60) – outside US onlyJPY Bank withdrawal (Β₯20) – Japan onlyCAD EFT Withdrawal ($10 CAD)
⚑ Trading fees:
Maker: 0.16%Taker: 0.28%
⚑ Payment Methods:
Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko
⚑ Supported fiat:
USD, EUR, GBP, JPY, CAD

Β  170+ countries supported
Β  Never been hacked
Β  Mobile App (iOS and Android)
Various payment methods
A wide range of cryptocurrencies is available

Fees slightly above the industry average
Limited customer support

Best Bitcoin Wallets in Germany

It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets. The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.

Bottom Line
Pros
Cons
ZenGo
ZenGo
Mobile


Visit Now

Bottom Line

ZenGoΒ is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.

Pros

extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account

Cons

No major flaws

Exodus
Exodus
Desktop


Visit Now

Bottom Line

ElectrumΒ is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux

Pros

One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains

Cons

Not completely open source

Ledger Nano X
Ledger Nano X
Hardware


Visit Now

Bottom Line

Ledger Nano XΒ is a leading and most secure cold storage wallet that connects to your device via Bluetooth.

Pros

Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet

Cons

Small display
complicated to setup for newbies

Read also:

Regulated & high liquidity

How To Buy Bitcoin in Germany?

Safello

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – High
πŸ‘› Verification – 1 day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP, JPY, CAD

Safello is a Swedish cryptocurrency exchange that offers simple buying and selling of Bitcoin for fiat currencies.

More info +

Safello’s services are available in 32 European countries – both EU member states and countries outside the union. Safello is completely compliant with EU and Swedish law to ensure reliable service customers. Safello does not charge commission. Instead, it uses a β€œspread model”, meaning all fees (banking, forex fees, etc.) and commissions are included in the buying and selling price.

⚑ Deposit fees:
Depending on the membership
⚑ Withdrawal fees:
0.00021 BTC
⚑ Trading fees:
2.5%
⚑ Payment Methods:
Credit Card, Debit Card, Bank Transfer, Bank Transfer (SEPA), Swish Handelsbanken Direkt, Bankgirot iDEAL
⚑ Supported fiat:
SEK, NOK, DKK, GBP, CZK, CHF, HUF, EUR

Β  Helpful Interface
Β  Regulated exchange
Β  No hidden fees
Allows fiat currency trading.

Requires KYC verification
It supports only Bitcoin

Regulated & high liquidity

How To Buy Bitcoin in Germany?

Coinbase

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – High
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP, RUB

Cex.io is one of the older centralized cryptocurrency exchanges that is still going strong, adding new coins and features to its trading platform every month. Founded in 2013, this exchange is one of the oldest Bitcoin exchanges. Cex.io is based in London, UK.

More info +

Today, Cex.io is available in more than 180 countries around the globe. It is registered with FinCEN, and it applies AML (anti-money laundering) and KYC (know your customer) policies. Cex.io supports fiat to crypto purchases, spot trading, margin trading, staking, leverage, lending, and savings.

⚑ Deposit fees:
Β 0 – 3.99 %
⚑ Withdrawal fees:
0 – 3 %
⚑ Trading fees:
0 – 0.25 %
⚑ Payment Methods:
Credit Card, Bank transfer, ACH, Epay, Skrill, SEPA, Faster Payments
⚑ Supported fiat:
USD, EUR, GBP, RUB

Β  Regulated and licensed
Β  Over 4 million users worldwide
Β  Fast support
Various payment options

Just 4 fiat currencies are available
Extensive Verification Process

Regulated & high liquidity

uphold exchanges

Uphold

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – Low
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, GBP, EUR + more

Launched in 2015 in New York, Uphold represents an exchange platform that supports crypto, precious metal, US equities, Forex trading, and commodity trading.
Uphold has gained popularity through its Anything-to-Anything feature that enables users to trade different types of assets. There are more than 50 cryptos supported, including majors, alt-coins, stablecoins, and emerging tokens.

More info +

There are a variety of different payment methods such as Bank Transfer, Wire Transfer, Crypto Exchange, SWIFT, Credit/Debit Card Payment, and many more. Depositing and withdrawing are free of charge, but users have to pay network and trading fees. The trading fees aren’t fixed, and they vary depending on the trading spread (the spreads are based on the trading asset and country).

⚑ Deposit fees:
Free
⚑ Withdrawal fees:
Free
⚑ Trading fees:
Based on spreads
⚑ Service fees:
1% – 3%
⚑ Payment Methods:
Debit/Credit Cards, Bank Transfer (SEPA), SWIFT, ACH Transfer, Wire Transfer, Crypto Conversion, etc.
⚑ Supported fiat:
USD, GBP, EUR, and 15+ more

Β  Anything-to-Anything feature
Β  Straightforward registration process
Β  Enables investments in US stocks, national currencies, and precious metals
There isn’t a fixed minimum investment

Telephone and Live-chat support doesn’t exist
Lower volume assets require higher spreads

Trusted & high liquidity

Bitstamp

Bitstamp

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – Low
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP

Bitstamp is one of the oldest and more reliable crypto exchanges in the world. It was launched back in 2011 by Damijan Merlak and Nejc Kodrič in their native Slovenia. However, the exchange moved to the UK in 2013 and since 2016 it is based in Luxemburg.

More info +

Bitstamp has over 4 million users. Due to its longevity on the crypto market and the large base of users, Bitstamp is one of the most secure and safest exchanges in the crypto universe.
The main features of the exchange are buying and selling cryptocurrencies, spot trading, and staking. Bitstamp does not support the margin of future trading.

⚑ Deposit fees:
0 – 5 %
⚑ Withdrawal fees:
Sepa – 3 EUR, ACH – Free, Credit cards – 5%, International wire – 0.1%, and crypto – depends on the asset (0.0005 BTC)
⚑ Trading fees:
0 – 0.5 %
⚑ Payment Methods:
Credit/Debit Card, ACH Transfer, SEPA, USD Wallet, Faster Payments, and International Wire.
⚑ Supported fiat:
USD, EUR, GBP

Β  It is one of the oldest crypto exchanges
Β  Useful for both beginners and experienced traders
Β  Low fees
Security and reputation on the high level

The limited number of coins supported (50)
No margin or future trading
The limited number of coins available for staking (2)

Frequently asked questions about buying Bitcoin in Germany

Is Bitcoin legal in Germany❓

That being said,Β cryptocurrencies are not legal tender in Germany: they cannot be compared with income from stocks, investments, or other financial transactions when it comes to taxes.

Can I buy Bitcoin from Binance in Germany❓

Yes, Binance is available in Germany.

Are there Bitcoin ATMs in Germany❓

Yes, there are. Neither Berlin nor financial center Frankfurt (7 each) boasted the highest number of Bitcoin ATMs in Germany in early 2021. DΓΌsseldorf – located in the Western industrial region of the Ruhr – had roughly 10 ATMsΒ 

Is Bitcoin taxed in Germany❓

Crypto to crypto and crypto to fiat salesΒ are taxable under German tax law, and fees paid are deductible for tax purposes.

Where is the Bitcoin machine located in Germany❓

A cryptocurrency machine is installed atΒ Lange Str.Β 56, 76530 Baden-Baden, Germany.

How do I use a Bitcoin machine in Germany❓

1. Register & verify your identity with the spot9 app.
2. Find the nearest ATM.
3. Choose a cryptocurrency and enter your cell phone number for purchase verification.
4. Scan the QR code of your public wallet and enter the PIN.
5. Deposit the desired amount of cash and confirm your transaction.

The post How To Buy Bitcoin in Germany? appeared first on CaptainAltcoin.

Cryptocurrency

Get In Touch