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Austin Jacob • May 20th, 2020

Buy Bitcoin in Germany

Buying Bitcoin in Germany is actually pretty straightforward.

Depending on your preferred payment method, you’ll have a few different options. For most of you, look no further than Coinbase.

Want to take a look at some other options?

Keep reading, as we’ll cover all the best options for purchasing Bitcoin in Germany.

Coinbase Home

Based out of San Francisco, California, Coinbase is considered by many to be the most reputable beginner-friendly exchange. Since 2012, they’ve made it simple for any crypto newbie to buy and sell Bitcoin through their gorgeous user interface. Just make an account, link your preferred payment method, and start purchasing.

Please note that if you are based in the United States, most credit card purchases are disabled. For AML reasons, Coinbase, like most exchanges, requires users to submit a picture of their ID and other information for verification purposes.

When it comes to fees, this will depend on the payment method used. Bank purchases charge 1.49% and on credit and debit purchases expect 3.99%. Purchase limits depend on your accounts verification level, with the highest tier of verification allowing $50,000 to be purchased daily.

Visit Coinbase Read Review

 

Coinmama is another beginner-friendly cryptocurrency brokerage that focuses on credit and debit card purchases. They offer instant delivery and sell Bitcoin, Ethereum, Ripple, Litecoin, and more to 46 US States, and most countries.

Coinmama doesn’t provide its users with a wallet on the exchange. Instead, users are asked to provide a wallet address to send the purchased cryptocurrency to. As long as you have your own wallet, this shouldn’t be an issue!

Coinmama charges a fee of around 5% for credit and debit purchases with instant delivery and high purchasing limits of a max of $5,000 daily, and $20,000 monthly. 

Visit Coinmama Read Review

 

Headquartered in London, UK, CEX.io offers security, high liquidity, and cross-platform trading. They support an extremely wide array of countries making them available to most people.

CEX.io appears to have little no fees at first glance. They are able to do this by charging a premium on the Bitcoin price. We estimate this comes in around a 7% premium on average.

When it comes to purchasing limits, it really depends on your accounts verification tier. The first level has daily deposits of $500 and $100 withdrawals while the highest tier has unlimited in each category. Payment methods include cards, bank transfers, and more.

Visit CEX.io Read Review

 

Luno is one of the most popular Bitcoin and cryptocurrency exchanges, and for good reason. It allows for the buying and selling of Bitcoin and Ethereum against several fiat currencies including MYR (Malaysian Ringgit).

Luno's fees are extremely low compared to the competition, with a 0%-1% trading fee that scales based on trading volume.

The more you trade on Luno, the lower the fees. Out of all the exchanges that allow users to buy Bitcoin in Malaysia, Luno's are the cheapest.

Luno also has the highest limits available, when full account verification is achieved. After full verification, users are able to purchase 300,000 MYR worth of Bitcoin.

Overall, Luno is a reliable option for anyone trying to purchase cryptocurrency. Their user interface isn't as intuitive as some of the other options, but once you learn how to use it, it might just be the best option on this list.

Visit Luno Read Review
 

LocalBitcoins offers a highly trustworthy escrow service and peer-to-peer (P2P) exchange. Due to the nature of the exchange, it's available in pretty much every country.

On the exchange, users to trade among themselves. Due to the nature of the transactions on the exchange, there is a resolution and feedback system.

It also allows users to post a quick buy or quick sell ad on the exchange platform. It is one of the best cryptocurrency exchanges for peer to peer trading.

LocalBitcoins is one of the better exchanges for users concerned with their privacy. Bitcoin can be purchased in person without linking an identity to an exchange.

Visit LocalBitcoins Read Review

 

Buy Bitcoin In Germany With Cash

Buying Bitcoin in Germany with cash can be done in a few ways. The most popular one is the peer to peer service known as LocalBitcoins.

Buy Bitcoin In Germany Instantly

Of all the options mentioned above, the ones that will allow you to purchase Bitcoin instantly will be brokerages. This means Coinbase, Bitpanda, CEX.io, and Coinmama.

Bitcoin ATMs In Germany

According to CoinRadar, there are several options for Bitcoin ATMs in the country. Cities with Bitcoin ATMs include Frankfurt, Berlin, Hannover, Munich, and more.

Conclusion

Now that you have an idea for the best Bitcoin exchange in Germany, you should be able to pick the one that fits your needs the best.

For most readers, Coinbase will be the go-to due to its well-know reputation, safety, and fair fees.

If you’d like to use a person to person exchange, Luno is likely your best option.

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