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Guten Tag! Hello, friends from Germany!
Germany is a country that’s no stranger to technology innovation.
Some of the world’s most useful inventions like automobiles, bicycles, and X-rays have come from here, or at least the German people.
While we don’t know if Satoshi Nakomoto is German or not, we do know that you’re here to learn how to buy Bitcoin in Germany.
Some of the best options for Germans to purchase Bitcoin are:
Keep reading to learn more about these Bitcoin exchanges, as well as some other frequently asked questions surrounding Bitcoin in Germany.
Once you decide which exchange to use, go to the exchange review to see a step by step review on how to buy Bitcoin on that exchange.
Based out of San Francisco, California, Coinbase is considered by many to be the most beginner-friendly exchange.
Coinbase is a brokerage, meaning that instead of buying Bitcoin and other cryptocurrencies from other users, you are buying directly from Coinbase. As far as fees go, Coinbase charges 3.99% on credit and debit purchases, and 1.49% on bank account purchases.
Due to the lower fees involved, it's recommended to use your bank account when making large purchases.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.
Click here to see a step by step guide on how to purchase Bitcoin on Coinmama.Visit Coinmama Read Review
Kraken is another popular exchange based in the United States that's been around since 2011. When it comes to currencies, Kraken supports dozens of cryptocurrencies and fiat currencies such as USD, GBP, and EUR.
Fees on the exchange can range from 0%-.26% depending on the type of order and your trading volume. For funding options, Kraken offers deposits in USD (FedWire), EUR (SEPA), and CAD(Wire & EFT).Visit Kraken Read Review
LocalBitcoins offers a highly trustworthy escrow service and peer-to-peer (P2P) exchange. On the exchange, users to trade among themselves by posting a quick buy or quick sell ad on the exchange platform. Fees and limits will depend on the offer or ad that you select.Visit LocalBitcoins Read Review
According to CoinRadar, there are several options for Bitcoin ATMs in the country. Cities with Bitcoin ATMs include Frankfurt, Berlin, Hannover, Munich, and more.
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. Bitcoin ATMs are another great way to purchase Bitcoin with cash.
I have a feeling you know the answer to this one. The German government, like most others, want to get their hands on as much tax money as possible. Cryptocurrency is no stranger to that.
That being said, German cryptocurrency tax law does have some favorable advantages for crypto holders. Assuming you’re a resident of Germany, and Bitcoin and cryptocurrency held for over 1 year, is not subject to tax.
Want help with your cryptocurrency taxes? Check out our best cryptocurrency tax software list to make your taxes a breeze.
With favorable tax laws surrounding Bitcoin, Germany is a great country for readers to get started with Bitcoin. If you’re still confused on which German exchange to use, we’ll sum it up again:
Top options to buying Bitcoin in Germany are: