We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.
eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.
Deposits can be made quickly via bank transfer, SEPA, NETELLER, PayPal and more. It also offers unique features like copy trading.
Crypto investing is offered by eToro (Europe) Ltd. and custody is provided by eToro Germany GmbH. Your capital is at risk.Visit eToro's Website
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.
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
Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.
Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.
Visit Coinmama's Website
Bitcoin.de is a major European peer-to-peer Bitcoin exchange. Users can buy bitcoin online from other Bitcoin.de users through SEPA bank transfers.
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.
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
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.
Germany’s capital, Berlin, was dubbed as the Bitcoin Capital of Europe by British publication The Guardian thanks to the widespread acceptance of the cryptocurrency in the city.(2) Not surprisingly, Germany is a leader in Bitcoin adoption as various developments suggest. For instance, over 25% of the young Germans surveyed by the German Consumer Center were willing to invest in cryptocurrency.(3)
A new law passed by Germany’s parliament in April 2021, will allow institutional investment into the cryptocurrency market. Under the legislation, wealth and institutional investment fund managers, known as Spezialfonds (special funds), will be able to invest up to 20% of their portfolio in crypto, allowing as much as €350 billion (~$425 billion) to be invested in cryptocurrency.(4) Since Germany is a strategic player in the European Union this type of acceptance could occur in other countries. Other signs that show acceptance of cryptocurrencies is Deutsche Bank announcing its intentions to offer custody and brokerage services to its institutional clients by December of 2021.
The new law allows banks to get a license to deal in crypto, but as of October 2022 only 4 licenses have been issued and 14 provisional permits granted. Germany continues to be among the world's most crypto-friendly countries with favorable tax rules and stable regulations.
One of the easiest ways to buy Bitcoin in Germany is through cryptocurrency exchanges. There are several exchanges offering Bitcoin in Germany, allowing you to 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 considered before selecting one.
Additionally, Bitcoin buyers need to keep in mind that certain exchanges might require you to get a wallet of your own before being able to buy the digital currency. Even if there is no requirement, it is recommended to have a wallet of your own for security reasons (preferably a hardware wallet). If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.
Another way to buy Bitcoins in Germany is through automated teller machines (ATMs). These ATMs allow users to instantly purchase the cryptocurrency using cash, and most of them don’t require any verification either, thereby ensuring the buyer’s anonymity. You can locate Bitcoin ATMs in Germany using our Bitcoin ATM Map, though there are only three of them available for now in the cities of Berlin, Stuttgart, and Munich.
As far as spending Bitcoin is concerned, we have already seen that the scenario is a positive one in the country as evident from the Tourism Board’s decision to accept payments in Bitcoin. In fact, a closer look suggests that there are quite a few businesses accepting Bitcoin payments in Germany’s major cities such as Munich and Berlin.
In all, Germany has a thriving Bitcoin environment that could get better in the future, assuming that the government takes positive steps toward protecting investors’ interests.
In October 2021, German and Georgian authorities raided a scam call centre. The fraud ring had set up 6 companies in Georgia targeting people living in Europe. The companies offered various financial instruments, including cryptocurrencies with assurances of a solid profit. Authorities reported that the scheme involved €9.5 million and so far 7 people have been arrested.
Reputable businesses will never call you to solicit buying crypto. To avoid scams, individuals should always use reputable exchanges like those listed above for investing in bitcoin.(5)
Karatbars was a German based cryptocurrency pyramid scheme that enlisted the faces of some of Germany's biggest soccer stars, Lothar Matthäus, Roberto Carlos and Patrick Kluivert to promote its scam.(6)
Here is what the home page of the scam looks like; not exactly something that inspires confidence.
Karatbars would sell what it called "cryptonyzed gold" to prospective affiliates who would then bring in their friends and earn a commission. The coins were allegedly backed by gold bars out of a mine in Madagascar operated and owned by Karatbars.
The company managed to raise $100 million through sales of the coin. The claim was that once so many people owned this crypto, it would revolutionize the economic system.
Unfortunately for Karatbars, German regulators swiftly swooped in and demanded that the scheme be shut down.
Coinbase does NOT support customers in Germany as of September of 2020.
You can use our Bitcoin ATM finder tool to find the one nearest you.
Any exchange with a Euro trading pair will allow you to sell your Bitcoin for fiat currency. Bitpanda and Bitcoin.de has EUR trading pairs for many popular coins.
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.