How to Buy Cryptocurrency in Germany
Buying cryptocurrency in Germany
Berlin, the capital of Germany, has been dubbed the Bitcoin Capital of Europe, due to the widespread acceptance of cryptocurrencies in the city itself. According to the German Consumer Center, over 25% of the young German population are willing to invest in cryptocurrencies. Furthermore, the results of a survey conducted by Postbank, a German retail bank, 29% of Germans consider cryptocurrencies desirable investment avenues. Adding to this, the German government is not only supportive of Bitcoin, but has also played a very crucial role in securing the adoption of cryptocurrencies. In terms of regulation clarity, Germany is a front-runner and aims to secure legal certainty for companies’ investments in crypto assets. But Germany isn’t the only country doing so. Switzerland and Liechtenstein are also doing everything in their power to catch up and eventually take the lead. Therefore, Germany should work to further develop an institutional setup for blockchain technology.
As of 20/03/2021
Exchanges Info
These exchanges all accept customers from Germany. While they broadly offer the same services and you can buy cryptocurrency at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below
Binance
Binance is one of the largest crypto exchanges with low fees, 100s of coins, and high trading leverage. It is one of the easiest & cheapest exchanges for crypto trading.
Hundreds of coins and pairs
- Very low fees
- High liquidity
No US residents
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Bybit
Based in Singapore and registered in the British Virgin Islands, Bybit is a P2P cryptocurrency exchange offering perpetual futures products with 100:1 leverage. Bybit can process 100k transaction per second which is a great feature for leveraged trading.
- Advanced and secure technology
- Anonymous accounts
- Attractive trading bonuses
- Very low fees
- Limited asset coverage
- No option instruments
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Kraken
Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan
- It can be used to trade against fiat options
- Robust security measures
- Free SEPA deposits in Europe
- Not a very beginner-friendly interface.
- No card deposit options
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Uphold Disclaimer: Asset availability on the Uphold platform is subject to region. All investments and trading are risky, and may result in the loss of capital. Cryptoassets are largely unregulated and are not subject to protection
Uphold
Based in Charleston, South Carolina. Serves over 184 countries and has done over $4 billion in transactions. Offers convenient options to swap between crypto, fiat, equities, and precious metals.
- Open to US residents
- Integrated with Brave Browser
- Over 50 different coins
- Also offers precious metals and equities
- Convenient and cheap deposit/withdrawal methods
- High trading fees
- Smaller coin selection compared to some
- No Paypal withdrawal option
- No instant debit card withdrawals
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