How To Buy Bitcoin in Germany?
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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.
Bitcoin.de
Fees β Medium
Verification β 1-2 days
Reputation β Trusted
Supported fiat β EUR
Bitcoin.de, based in Germany, is one of the largest Bitcoin exchanges in Europe.Β
More info +
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
eToro
Fees β Low
Verification β 1 Day
Reputation β Trusted
Supported fiat β 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 +
Deposit fees:
Free
Withdrawal fees:
$5
Trading fees:
0.75 % β 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
Binance
Fees β Low
Verification β 1 Day
Reputation β Trusted
Supported fiat β USD, EUR, GBP, AUD, RUB
Binance was launched back in July of 2017 and very quickly became the worldβs largest cryptocurrency exchange by trading volume with more than $1 billion on a daily basis.
More info +
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
Kraken
Fees β Average
Verification β 2-3 Days
Reputation β Trusted
Supported fiat β 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 +
Deposit fees:
EUR SEPA Deposit (Free) β EEA countries only USD Bank Wire Deposit ($5 USD) β US onlyEUR Bank Wire Deposit (β¬10) β outside the US only USD Bank Wire Deposit ($10 USD) β outside US onlyJPY Bank deposit (Free, Β₯5,000 deposit minimum) β Japan-only USD, Wire Deposit (Free)
Withdrawal fees:
Cryptocurrency: Fees vary, SEPA Withdrawal (β¬0.09) β EEA countries only USD Bank Wire Withdrawal ($5 USD) β US only USD Bank Wire Withdrawal ($60 USD) β outside US onlyEUR Bank Wire Withdrawal (β¬60) β outside US onlyJPY Bank withdrawal (Β₯20) β 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.
ZenGoΒ is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.
extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account
No major flaws
ElectrumΒ is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Not completely open source
Ledger Nano XΒ is a leading and most secure cold storage wallet that connects to your device via Bluetooth.
Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
Small display
complicated to setup for newbies
Read also:
- How To Buy Bitcoin in Malaysia?
- How To Buy Bitcoin in Thailand?
- How To Buy Bitcoin in South Africa?
- How To Buy Bitcoin in Sweden?
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
Coinbase
Fees β High
Verification β 1 Day
Reputation β Trusted
Supported fiat β 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 +
Deposit fees:
Β 0 β 3.99 %
Withdrawal fees:
0 β 3 %
Trading fees:
0 β 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
Uphold
Fees β Low
Verification β 1 Day
Reputation β Trusted
Supported fiat β 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 +
Deposit fees:
Free
Withdrawal fees:
Free
Trading fees:
Based on spreads
Service fees:
1% β 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 isnβt a fixed minimum investment
Telephone and Live-chat support doesnβt exist
Lower volume assets require higher spreads
Bitstamp
Fees β Low
Verification β 1 Day
Reputation β Trusted
Supported fiat β 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 KodriΔ in their native Slovenia. However, the exchange moved to the UK in 2013 and since 2016 it is based in Luxemburg.
More info +
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 β 5 %
Withdrawal fees:
Sepa β 3 EUR, ACH β Free, Credit cards β 5%, International wire β 0.1%, and crypto β depends on the asset (0.0005 BTC)
Trading fees:
0 β 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
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.
Yes, Binance is available 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 β located in the Western industrial region of the Ruhr β had roughly 10 ATMsΒ
Crypto to crypto and crypto to fiat salesΒ are taxable under German tax law, and fees paid are deductible for tax purposes.
A cryptocurrency machine is installed atΒ Lange Str.Β 56, 76530 Baden-Baden, 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.
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