Germany was amongst the countries that initially started the control of cryptocurrencies and recognized Bitcoin as a financial unit. So, you can use Bitcoin in Germany like you would use EUR or gold. Bitcoin has been known as “private money” in Germany for nearly seven years.
Germany is one of the leading countries in the blockchain and cryptocurrency. Although they don’t see Bitcoin as an equal to authorized foreign currencies, however, they don’t see it as a danger to their national currency either. There are no heavy-handed regulations to follow in the cryptocurrency market in Germany, and your money is very safe there. But a lot of people ask a straightforward question: how to buy Bitcoin in Germany?
Top cryptocurrency exchanges to buy Bitcoin in Germany
There are a lot of choices in the market when you are looking to Bitcoins because nearly all of the worldwide cryptocurrency retailers are available in Germany. Moreover, Germany uses the SEPA system, and it is better to purchase the Bitcoin with bank wire transfers rather than using some other means of payment.
If you don’t prefer wire transfers, you can pay for the Bitcoin using your credit and debit card, online bank transfer, and PayPal. Some of the most famous exchanges that deal in cryptocurrency are Bitpanda, Coinbase, Coinmama, and Luno.
It is a cryptocurrency exchange that operates in nearly all of the countries where it is legal to buy Bitcoin. You can purchase Bitcoin in Germany from this platform using your credit or debit card, and you can also use SEPA transfers to buy Bitcoin.
Bitpanda is considered to be one of the most used platforms when it comes to the trade and purchase of gold, cryptocurrencies, and other assets. This is an exchange that is based in Austria, allows high payment limits, and has very low fees. One more good thing about Bitpanda is that it offers different methods for payment.
It is an exchange based in Singapore that expanded recently to cover nearly all of the European countries. It offers the clients the facility to purchase Ethereum and Bitcoin using SEPA transfers, SOFORT-Transfer, credit cards, and iDEAL.
It is one more company that allows customers to buy Bitcoin in 103 countries, and their platform is straightforward to use. The trading fees are higher as compared to different platforms, but their security features are very famous.
Buying Bitcoin with cash
You can also purchase Bitcoin in Germany using money from the ATM. The country has around 25 machines in Hamburg, Munich, Wurzburg, Berlin, and Stuttgart currently. But this way is not preferred because of the hefty charges that you must pay if your purchase Bitcoin through ATM. Although, this might be the right way for the people that want to keep their information private.
A cryptocurrency tax haven
Germany offers favorable tax policies for both cryptocurrency investors and owners. The Finance Ministry there has a very relaxed approach to the capital gained through cryptocurrency.