Germany was one of the first countries to regulate cryptocurrencies and recognise Bitcoin as a financial instrument (unit of account). So, if you buy Bitcoin in Germany, you can use it for payments just like you would with gold or EUR. Bitcoin has been considered “private money” in Germany since 2013.
Germany is a pioneer in cryptocurrency and blockchain adoption. The country doesn’t treat Bitcoin as an equivalent to foreign fiat currencies, but it doesn’t see digital coins as a threat to the national currency either. So, your funds are safe in this country, as there are no plans for heavy-handed laws in the cryptocurrency market.
So, how do you buy Bitcoin in Germany?
Top cryptocurrency exchanges to buy Bitcoin in Germany
When looking to buy Bitcoin in Germany, there are many options in place, as most global cryptocurrency exchanges are available to German users. Moreover, as this country uses the SEPA system, buying Bitcoin with bank wire transfers is more convenient than with other payment systems.
Besides wire transfers, other ways to pay for Bitcoin in Germany are debit and credit cards, PayPal, and online bank transfers. The most popular cryptocurrency exchanges in Germany are Coinmama, Bitpanda, Luno, and Coinbase.
Coinmama is a cryptocurrency exchange that works in almost all countries where buying Bitcoin is legal. You can use this platform to buy Bitcoin in Germany with your debit or credit card (Visa or MasterCard) as well as through SEPA transfers.
The fee for purchasing cryptocurrencies is 6%, which is higher than the market average. You receive your digital coins immediately after the exchange confirms both your payment and wallet address. Not only is the platform reliable, but it also has one of the highest limits for buying Bitcoin using your credit card.
Users who want to buy or trade cryptocurrencies here need to share some personal information to verify their identity online. The more information you add, the higher your limits for…