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Austria has a major economy and is acknowledged as the 4th richest country per capita in the EU.

With that kind of wealth, 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...

Vienna - the capital of 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. 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 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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There are three main types of Bitcoin wallet and all of them are supported in Austria:

• Software (desktop or mobile - iOS and Android wallets
• Hardware wallet
• Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

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Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Austria that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.

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Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.

About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.

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Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Austria that allow you to buy litecoin and other crypto assets for good exchange rates.

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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.

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

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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.

Another way to sell Bitcoins in Austria is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private. You can locate Bitcoin ATMs in Austria using our Bitcoin ATM Map.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.

Which stores accept Bitcoin in Austria

Bitcoin is accepted at lots of stores and service providers all over Austria. So many, in fact, that we couldn't possibly list them all here. However, you can find specific kinds of services and goods filterable on a map over at coinmap.org.

The colored sections indicate areas where there is heavier acceptance of Bitcoin