How to Buy Bitcoin and Crypto in Germany
What we Found
Now buying, selling, and trading Bitcoin and Cryptocurrency is easier than ever.
If you’re interested in buying Bitcoin and other cryptocurrencies in Germany, here are the steps you can follow:
Choose a cryptocurrency exchange: There are several reputable cryptocurrency exchanges available in Germany, including Bitpanda, Coinbase, and Kraken. Research each exchange and choose the one that best fits your needs.
Create an account: Once you’ve chosen an exchange, create an account by providing your personal information and verifying your identity. This may involve uploading a government-issued ID, proof of address, and a selfie.
Add funds to your account: You can add funds to your account using a bank transfer or credit/debit card. Some exchanges may also allow you to use PayPal or other payment methods.
Buy Bitcoin or other cryptocurrencies: Once your account is funded, you can place an order to buy Bitcoin or other cryptocurrencies. You’ll need to choose the amount you want to buy and the price at which you want to buy it.
Store your cryptocurrency: After you’ve bought your cryptocurrency, you’ll need to store it in a digital wallet. Some exchanges offer built-in wallets, but it’s generally safer to use a separate wallet that you control.
Monitor your investment: Cryptocurrency prices can be volatile, so it’s important to monitor your investment regularly. You can also consider setting up alerts or limit orders to automate your trading strategy.
Consider tax implications: In Germany, cryptocurrencies are subject to capital gains tax. You’ll need to keep accurate records of your transactions and report any gains or losses on your tax return.
Remember that investing in cryptocurrency carries risks and is not suitable for everyone. Make sure you understand the risks involved and only invest what you can afford to lose.
Most popular crypto exchanges
Buy Bitcoin and Crypto through Coinbase
- Coinbase is a convenient and cheap way to buy Ethereum and the platform is open to 200+ countries). Coinbase will sell you CRO for a variable fee that depends on your payment method (credit cards have a higher fee than wire transfers), order size and market volatility. Here’s how you buy Ethereum on Coinbase: Open a Coinbase account Add your payment method (Credit card or bank account) Go to “Buy/Sell” and select the amount of Ethereum you desire Click “Buy Cronos”
Buy Bitcoin and Crypto through Crypto.com
- Crypto.com is a cryptocurrency exchange company based in Singapore. As of May 2022, the company reportedly had 50 million customers and 4,000 employees. The exchange issues a token, Cronos.The company was initially founded in Hong Kong by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 as “Monaco”. In 2018, the company was renamed as
Buy Bitcoin and Crypto through MEXC
- Founded in 2018, MEXC Global is known as the exchange of high performance and mega transaction matching technology. The team at MEXC Global are some of the first movers and pioneers of financial and blockchain technology. Currently, MEXC Global caters to 10 M+ users in more than 170 countries around the world and we have just started.
Buy Bitcoin and Crypto through Kucoin
- Kucoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users from 700+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique ranking is in the top 5 globally. Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities all over the world in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services. Currently, 1 out of every 4 crypto holders in the world is with KuCoin.
Buy Bitcoin and Crypto through Bitfinex
- Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc registered in the British Virgin Islands.Their customers’ money has been stolen or lost in several incidents, and they have been unable to secure normal banking relationships.Bitfinex was founded in December 2012 as a peer-to-peer Bitcoin exchange, offering digital asset trading services to users around the world. Bitfinex initially started as a P2P margin lending platform for Bitcoin and later added support for more cryptocurrencies.