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Best Platform to Buy Bitcoin in Germany

BitcoinGermany24 brings keeps you updated and aware about crypto news and latest updates across the globe.

  • Boasts more than 5 million daily users

  • Processes up to 2 billion trades per day

  • Trading fees 0.1%-0.4%

  • Daily users more than 12 million

  • Trading volume per day 10-12 bln

  • Least trading fees 0.1%-0.2%

  • Most popular exchange globally

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  • Enjoys more than 10 million users

  • Trading volume 200-400 million per day

  • Trading fees from 0.42%-0.1%

Details

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​Highly TRUSTED

by www.consulting24.co

The exchange has been around since 2017 and its founder is Changpeng Zhao a former CTO of OKCoin. Binance has grown to be the most trusted crypto exchange offering competitive rates. The exchange was initially established in China before moving its headquarters to Hong Kong following a crackdown in crypto exchanges by Chinese authorities. Currently, Binance enjoys the highest trading volume globally according to Coinmarketcap.

Binance’s classic interface offers investors a holistic view on how to trade and the quickest way to buy bitcoin. Also, the platform offers advanced chart tools that can help investors to strategically plan their investment portfolio. The platform gives investors an option to invest in more than 210 different cryptocurrencies. it charges the lowest trading fees of 0.2%-0.1% and only accepts cryptocurrency exchanges.

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  • Offers the cheapest fees 0.1%-0.2%

  • Trusted by more than 20 million investors

  • Supports staking bonuses for more than 20 coins

  • Permits credit/debit card and bank wire purchase of bitcoin

  • Maintains protection fund where they put 10% of profits to act as surety against hacking

  • Binance holds more than 320, 00 users’ bitcoins

  • Binance offers high liquidity and buy orders

  • Fiat currencies not supported

  • Limited cryptocurrency options

Huobi is also another popular exchange offering the quickest way to buy bitcoin. Former Oracle engineer Leon Li founded the exchange in 2013 in China. Currently, the exchange boasts more than 5 million users and the exchange has grown its operations with subsidiaries and partner companies in 12 countries such as Japan, the US, Thailand, and Gibraltar among others.

The exchange raised around $10 million in 2014 through a venture capital financing led by Sequoia Capital. The exchange has its native Huobi Token that has grown to $4 from the ICO price of $1.52.

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  • Boasts over 5 million users

  • Stores more than 420,000 bitcoins of users

  • Supported in more than 130 countries

  • Bitcoin purchase using credit/debit card supported

  • Supports more than 235 cryptocurrencies

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  • Bank wire purchase of cryptocurrencies not supported

  • Card purchases of bitcoin charged 8% fee

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Kraken was founded in 2013  and it has established itself among the top cryptocurrency exchanges in the world. Currently, the exchange basts over 2.2 million users who trade, buy, and sell bitcoin and other cryptos. Interestingly the exchange permits the purchase of bitcoin through SEPA, SWIFT, and bank wire transfer with the exchange accessible in over 180 countries.

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  • High buy limits and liquidity

  • Credit and debit card purchases of bitcoin supported

  • Supports the purchase of bitcoin via wire transfer

  • More than 34 different digital coins supported

  • Available to customers from 180 countries ​

  • Enhanced security standards

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  • Unreliable customer support

  • Very high trading charges 0.1%-0.42%​

We receive an affiliate commission when you Bitcoin via our link. We use this money to maintain our team, including developers, marketers, and crypto, to provide you with the most updated information.

 

Understanding Bitcoin

Bitcoin was founded over a decade ago as the first-ever decentralized digital coin that does not depend on traditional intermediaries such as payment providers and banks when transacting. The founder of Bitcoin is Satoshi Nakamoto whose identity has remained a mystery to date. Since its launched the cryptocurrency has grown in adoption and its prices have been soaring presenting investment opportunities for investors.

Unique features of Bitcoin

  • It is the pioneering cryptocurrency

  • To date, around 21 million bitcoins have been circulated

  • Every ten minutes around 6.25 BTC are mined and circulated

  • Since bitcoin is a decentralized cryptocurrency it is not controlled by anyone

  • The bitcoin code is open-source downloadable by anyone

  • Bitcoin transaction is recorded on blockchains

  • Peer-to-peer transactions do not require third-party intermediaries

  • Transactions are verified by computers

Interested to get more insight about the quickest way to buy bitcoin, check Top Places To Buy Bitcoin, Buy Bitcoin Now, and  What is Crypto?.

Traditional Money system

fiat money transactions

In the traditional money system sending and receiving fiat currencies such as USD or EUR requires intermediaries such as payment providers, banks and financial institutions to complete and confirm transactions.

Bitcoin system

bitcoin transactions

On the other hand, peer-to-peer sending of Bitcoin does not need intermediaries, and transactions are confirmed in minutes. It is faster than the conventional fiat system and since bitcoins are capped at 21 million no more can be printed like in the traditional system.

 

Common risks of Cryptocurrencies

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Price Volatility

Bitcoin prices are highly volatile since they depend on market sentiment to determine their value. The price can increase today and the next day it plunges. For instance, BTC price at one time dropped $1000 in an hour. Therefore always invest what you can afford to lose.

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Frauds Are Rampant

There is a lot of scam and bad actors in the industry that may be out to defraud gullible investors with crypto scams. Also, be wary of hackers who can steal your BTC from your wallet. You should store your private keys in offline devices.

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Exorbitant Transaction Fees

Some of the exchanges may charge high fees thus disadvantaging investors and traders. Other exchanges may have hidden fees even when they front themselves as offering low fees. You can check the best and trustworthy exchanges on BitcoinGermany24.com. 

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Disclaimer

The BitcoinGermany24 site is designed to offer insight into bitcoin trading but doesn’t purport to offer financial or investment advice. If you want to understand the risks associated with trading cryptocurrencies always consult an investment or financial professionals. When investing in cryptocurrency trading you should invest what you can comfortably lose. This site doesn’t guarantee any profits for trading in Bitcoins. We do accept partner advertising commissions from cryptocurrency exchanges and crypto wallets