Buy Bitcoin in Austria

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BitpandaBitpanda

Bitpanda is a Bitcoin broker based in Europe.

They have high payment limits and low fees across their wide range of payment methods.

Bitpanda offers customers the option to buy bitcoins with credit card, debit card, SOFORT, Skrill, NETELLER, giropay, eps, SEPA, and Online Bank Transfer.

Visit Bitpanda's Website

Pros
  • Some of the lowest fees for buying bitcoins with credit/debit card
  • Reliable and trusted broker
Cons
  • Fees aren't shown openly on the site but instead included in the buying price
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High

BitstampBitstamp

Bitstamp is one of the world's largest and most well-known Bitcoin & crypto exchanges. Deposits can be made through bank transfer, SEPA transfer, international bank wire, and now even credit cards.

Pros
  • One of the longest-running Bitcoin exchanges
  • Very low 0.25% fee, falling to 0.1% with sufficient trading volume
  • Offers wide range of altcoins
Cons
  • High 8% fee on small credit card purchases, falling to 5% with sufficient trading volume
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Ease of Use
Hard
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Privacy
Low
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Speed
Slow
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Fees
Average
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Reputation
Trusted
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Limits
High

CoinbaseCoinbase

Coinbase is the world's largest Bitcoin (BTC) broker. They represent an easy and fast way for new users to purchase bitcoins. Coinbase supports customers in over 30 countries, including the United States, Europe, UK, Singapore, and Canada.

Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.

Get $5 in free bitcoin after you sign up on Coinbase and make your first trade. Visit Coinbase's Website

Pros
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • "Instant Buy" option available with debit card
Cons
  • Purchases made with bank transfer can take up to 5 days to complete
  • Coinbase may track how and where you spend your bitcoins
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Average
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Reputation
Trusted
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Limits
High

Coinbase Advanced TraderCoinbase Advanced Trader

Coinbase's exchange, Coinbase Advanced Trader (formerly called Coinbase Pro), is one of the largest Bitcoin exchanges in the United States. Users can fund their accounts via bank transfer, SEPA, or bank wire. Coinbase Advanced Trader offers good prices and low fees, but its confusing user interface may initially prove difficult to navigate.

Pros
  • Some of the lowest fees available for US and EU customers
  • Possible to buy bitcoins for 0% fees
Cons
  • The user interface is confusing for first-time buyers
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Ease of Use
Hard
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

PaybisPaybis

Paybis is a popular cryptocurrency exchange. They serve 180 countries and 48 US states and are registered with FinCEN, making them a more trusted, regulated exchange. Paybis offers incredibly high limits and super fast payouts, not to mention 5 minute ID verification and nearly perfect review scores on Trustpilot.

Pros
  • 24/7 live support
  • Paybis has extremely high limits
  • 5 Minute verification
  • Get payouts fast
  • Large selection of payment methods
Cons
  • No traditional order book for advanced traders
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

bitcoinbonbitcoinbon

bitcoinbon is an Austrian services which allows users to make cash purchases of bitcoins via redeemable paper coupons. The service is available at over 3,000 physical locations across Austria. Users may buy in amounts of €25, €50, or €100.

Pros
  • One of the best ways to buy bitcoins in Austria
Cons
  • Low buying limits
  • High fee of between 7% to 9%
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Ease of Use
Easy
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Privacy
High
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Speed
Fast
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Fees
High
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Reputation
Trusted
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Limits
Average

CoinfinityCoinfinity

Coinfinity is a Bitcoin exchange based in Austria. Customers can buy bitcoin via SOFORT. Coinfinity also operates Bitcoin ATMs in Vienna and Graz and owns the above-mentioned bitcoinbon voucher service.

Pros
  • Trusted and established exchange
Cons
  • Limited payment methods available
  • ID verification is required for their exchange, so not private
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Ease of Use
Average
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High

BityBity

Bity is a Bitcoin exchange and ATM operator, based in Switzerland. Their 5 ATMs allow for a quick first purchase and only require phone verification for an initial buy limit of 1,000 EUR or CHF. Their online service accepts wire transfers, SOFORT and online bank transfers.

Pros
  • Easy to start buying bitcoins after mobile phone verification
  • Payment limit of up to €100,000 annually after intensive verification
Cons
  • ID verification is required for most purchases, so not a private way to buy
  • Low annual limit of only €4,000 without intensive verification
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Ease of Use
Average
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High

Bitcoin ATMsBitcoin ATMs

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%. View Bitcoin ATMs

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase

BitfinexBitfinex

Hong Kong-based Bitfinex has long been one of the largest USD Bitcoin exchanges in the world. Bitfinex accounts may be funded by bank wire only, their fee on accepting such transfers is low at only 0.1%.

In August 2016, however, it was hacked and lost around 30% of its users funds. While Bitfinex can be helpful for buying large amounts of bitcoins, it is probably best to not use the exchange until it fully compensates affected users.

Pros
  • Very low fees even for low volume buyers; 0.1% for market makers and 0.2% for market takers
  • One of the best ways to buy large amounts of bitcoins
  • Allows lending of fiat or bitcoin to margin traders at interest (but this is risky in light of the hack)
  • Very deep liquidity promotes a price close to fair market rate
  • Supports several altcoins
Cons
  • Was recently hacked and has yet to fully compensate all users for their loss
  • Geared towards traders; possibly quite confusing for first time buyers
  • Single payment option
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Ease of Use
Hard
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Privacy
Low
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Speed
Varies
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Fees
Average
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Reputation
Low Trust
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Limits
High

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Bitcoin & Cryptocurrency Trading in Austria


In April 2022, major retailer MediaMarkt decided to install Bitcoin ATMs (also called BTMs or Bitcoin teller machines) in 12 of their retail locations. The company first did a pilot project in one store and has said that it proved “Bitcoin ATMs in shops offer an opportunity to attract new customers.”(3)

Austria has a major economy and is expected to have a growth in Gross Domestic Product (GDP) into 2027 based on current forecast.(1)

With that kind of growth, it means many Austrians are looking to expand their portfolio to include more non-traditional assets like Bitcoin and other cryptocurrencies.

You may be one of them...

bitcoin austria

One of the easiest ways to buy Bitcoin in Austria is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Austria, and you can easily select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet.

Another way to buy Bitcoins in Austria is through automated teller machines (ATMs). These ATMs allow users to instantly purchase the cryptocurrency using cash, and most of them only require a telephone number for verification, so long as you aren’t buying a lot of Bitcoin. You can locate Bitcoin ATMs in Austria using our Bitcoin ATM Map.


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Exchange Hacks and Crypto Scams in Austria


Optioment Scam

As reported by Bloomberg, in February of 2018, Interpol made mass arrests on a group of scammers spread out across Denmark, Germany, and Latvia. These scammers defrauded hundreds of victims in Austria, Poland, Germany, and several other Eastern European companies. The scam firm, known as 'Optioment' claimed to deliver its customers with returns of 4% a week through arbitrage trading of cryptocurrencies.(2)


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Instead, the whole operation was likely a pyramid and ponzi scheme that eventually resulted in an exit scam


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FAQ


Does Coinbase work in Austria?

Citizens of Austria can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:

  • Bank Deposit
  • PayPal
  • 3D Secure Credit Card
  • Sofort
  • Debit Card
  • Credit Card

Where Can I Find a Bitcoin ATM in Austria?

There are 144 Bitcoin ATMs throughout Austria, making it a very accessible way for Austrians to buy Bitcoins with cash.

You can use our Bitcoin ATM finder tool to find one near you.

What is the price of Bitcoin in Austria?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

How do I cash out of Bitcoin in Austria?

Any exchange with a Euro trading pair will allow you to sell your Bitcoin for fiat currency. Bitpanda has EUR trading pairs for many popular coins.

Article Sources

BuyBitcoinWorldWide writers are subject-matter experts and base their articles on firsthand information, like interviews with experts, white papers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines.

  1. Wikipedia - Austria, https://en.wikipedia.org/wiki/Austria
  2. Bloomberg - Austrian Bitcoin ‘Scam’ Triggers Police Search Across Europe, https://www.bloomberg.com/news/articles/2018-02-15/austrian-bitcoin-scam-triggers-police-search-across-europe
  3. ATM Marketplace - German electronics retailer installs Bitcoin ATMs to 12 locations, https://www.atmmarketplace.com/news/german-electronics-retailer-installs-bitcoin-atms-to-12-locations/

About the Author

jordan tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. He studied computer science at Towson University and holds an online degree in trading & cryptocurrency. Jordan has been writing about Bitcoin since 2015. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets.



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