Germany is one of the countries where cryptocurrency exchange and wallet services are recognized and licensed as part of the financial services industry. If you live in Germany and want to invest in crypto, read the article below. It will tell you the 8 best ways to buy bitcoin in Germany.
Where to buy Bitcoin in Germany?
You can buy Bitcoin in Germany on a number of exchanges and platforms that offer cryptocurrency exchanges. You can also use PayPal or other e-wallets to buy Bitcoin in Germany. You can also buy Bitcoin directly from friends, acquaintances, or family members in Germany by giving them cash.
If you buy Bitcoin in Germany on a cryptocurrency exchange, here are some things you should know:
- When you buy Bitcoin through a broker, the fees are often higher than when you buy it through a regular exchange. They let you buy more at once and are better for making purchases over the counter. You can use credit cards and bank transfers to pay for your transaction, which is a big plus.
- Regular crypto exchange: you can use other cryptocurrencies to buy Bitcoins and pay with a variety of electronic payment methods.
- Peer-to-Peer Cryptocurrency Exchange Platforms: These let you use more payment methods, including those that are available in Germany. Even though they charge a bit more, they are better if you want to buy Bitcoin instantly with cash. When you buy from a peer, the terms are more flexible.
- Over-the-counter brokers in Germany: These are the best brokers to use if you want to buy at least €50,000 worth of Bitcoin. This place is safer and easier to use than regular exchanges or platforms for people to trade with each other.
8 best ways to buy bitcoin in Germany
Platform to buy Bitcoin safely: Pionex
Pionex is a great tool for traders in Germany who want to trade crypto and Bitcoin but don’t want to do a lot of work. Pionex has a unique and advanced liquidity engine that pulls liquidity from platforms like Huobi and Binance. The platform is especially good because it has low exchange transaction fees. Only 0.05% of the transactions made on the platform are charged exchange fees. This is one of the best ways to buy bitcoin in Germany for beginners to invest in cryptocurrencies.
Buy bitcoin in Germany with NAGA
NAGA is an investment platform that lets people use bots to trade cryptocurrencies. It has a unique feature called “auto-copy,” which lets traders automatically copy the trades of other professional traders on the platform. This means that users can automate the process of trading cryptocurrency even if they don’t know much about programming or trading.
Cryptocurrency exchanges Kraken
Kraken is one of the companies that started trading in cryptocurrencies in 2011. You can trade more than 60 cryptocurrencies on this exchange. You can also bet or lend money to make extra money. In addition, this exchange offers margin trading and futures trading. On the Kraken exchange, you can buy Bitcoin in Germany instantly in fiat for 2%.
Platform to buy Bitcoin: Bitstamp
Bitstamp is also one of the platforms to buy Bitcoin in Germany. You can trade 73 cryptocurrencies in USD, EUR, and other currencies on the platform. On the platform, you can also swap your cryptocurrency for another right away.
How to use Bitstamp to buy Bitcoin:
- First, you need to sign up for Bitstamp and open an account.
Click or tap Deposit, and then use your methods to deposit cash (you can choose credit card or other deposit methods).
- Enter the amount you want to deposit and tap App Deals or Web App Market to place your order.
- Choose a type of the order from the “Order type” menu. Enter the amount you want to buy and click “Buy” to continue.
Buy bitcoin in Germany by Binance
Binance is a major cryptocurrency exchange in the world. It works everywhere with more than 300 different cryptocurrencies. Binance also offers derivatives and accepts deposits from many different sources, such as Sepa, bank transfer, PayID, SWIFT, Western Union, Revolut, cryptocurrency, debit cards, credit cards, and so on.
How to start buying bitcoin in Germany:
- Sign up for an account on the Binance exchange and log in. Provide the necessary information to verify your account.
- On the home page, click the “Buy Now” button. You can choose to buy with crypto and pay with fiat, pick a payment method, or choose to pay with a new card and enter the card details. Check that the payment was made.
- After you’ve paid and finished the transaction, the cryptocurrency will immediately show up in your wallet account.
Website for peer-to-peer trading: Bitcoin.de
Bitcoin.de is the first and biggest website in Germany where people can trade cryptocurrencies in Euros. You can also trade Bitcoin Cash, Bitcoin Gold, Ethereum, Bitcoin SV, Litecoin, and a number of other cryptocurrencies. You can trade with other verified users right on this platform.
How to use this site to buy Bitcoin in Germany:
- Step 1: First, go to the site and click on Marketplace.
- Step 2: Type in the price and amount of Bitcoin you want to buy or sell.
- Step 3: Click “Login” and make a request to buy something. You’ll be asked to sign in or sign up for an account.
- Step 4: Put money into the account using cryptocurrency.
- Step 5: Trade the cryptocurrency you want for the currency that your account is based on.
Platform to buy Bitcoin: CoinSmart
Users in Germany can trade Bitcoin and more than 10 other cryptocurrencies on the CoinSmart exchange. You can buy Bitcoin through methods like electronic transfer, Credit & Debit Cards, Bank Transfers, etc.
How to use CoinSmart to buy Bitcoin in Germany:
- First, you need to sign up for an account on this platform and verify your account on this platform.
- The next step is to put real money into your account. You set up the chosen method and then use it to buy something.
- Enter the amount you want to buy and choose a payment method to buy cryptocurrency from the market.
- Lastly, once the transaction is done, the cryptocurrency you want to buy will show up in your e-wallet.
Buy bitcoin in Germany with Bity
Bity is a Swiss company that started in 2014 as a cryptocurrency website and ATM operator. It lets people trade BTC, ETH, and USDC with EUR and CHF, which are traditional currencies. It also lets you switch from crypto to fiat money and back again.
3 steps to buy bitcoin in Germany with Bity:
- On Bity’s website, you can sign up for an account. Submit your ID and phone number on file for verification when your transactions are over 1000 CHF.
- Next, you need to sign in to your account and choose the fiat currency you want to exchange for cryptocurrency. Then, you need to choose the cryptocurrency you want to buy. You can choose to use a crypto wallet or not. Fill in your email address and bank information.
- Send the specified payment to Bity’s bank, and once they get it, your order will be finished.
Ice3x has put together a list of the 8 best ways to buy bitcoin in Germany. We hope you enjoy this article.
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