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You'll need a Bitcoin wallet before you buy since some exchanges require one.
Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.
Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card. They charge a ~6% fee on each purchase.
Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.
Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.
Luno is a Bitcoin exchange based in Singapore. It originally launched to support countries like South Africa and Indonesia, but recently expanded to Europe and supports the purchase of bitcoin through credit, SEPA transfer, SOFORT and iDEAL.
Bitpanda is a Bitcoin broker based in Austria.
They have high payment limits and low fees across their wide range of payment methods.
Bitpanda offers customers the option to buy bitcoins with credit card, debit card, SOFORT, Skrill, NETELLER, giropay, eps, SEPA, and Online Bank Transfer.
Our guide will show you how to buy bitcoins with a credit card on Bitpanda.
CEX.io lets you buy bitcoin with a credit card, ACH bank transfer, SEPA transfer, cash, or AstroPay. Purchases made with a credit card give you access to your bitcoin immediately. CEX.io works in the United States, Europe, and certain countries in South America.
Wall of Coins is an escrow service that makes it easy to buy bitcoins with cash deposit in the US, UK, Canada, Argentina, Australia, Brazil, Canada, Germany, Latvia, Mexico, Poland, the Philippines, and Romania.
It offers low fees and is a very private way to purchase coins.
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.
Cointed allows customers to buy and sell bitcoins across Europe, using SEPA, Skrill, cash, and many other payment options. They also operate 9 Bitcoin ATMs across Austria.
Paymium was the first European Bitcoin exchange, founded in 2011. It provides a EUR/BTC exchange service, and complies with all relevent European Regulations. Customers can purchase bitcoins via SEPA, wire transfer, or credit card.
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.
LakeBTC is the fourth largest Bitcoin exchange in China. They operate internationally, in around 40 different countries. LakeBTC is one of the top 15 global exchanges based average daily trading volume. Customers can deposit via cash, bank wire, Western Union, MoneyGram, OKPay, Perfect Money, PayPal, Payza, Skrill, Neteller, Leupay, CHATS or LakePay, although not all methods are available in all countries.
Safello is a Bitcoin exchange based in Sweden and fully-registered as a financial institution. It offers a wide range of payment methods - Swish, SEPA, SWIFT, Faster Payments, Bankgiro and iDEAL - to European residents.
BL3P is a product of Dutch Bitcoin broker Bitonic, which has been selling bitcoins since 2012. BL3P is available in all European countries. BL3P charges a fixed fee 0.25% per trade.
Bitrush is a Bitcoin exchange based in the Netherlands. Its customers can buy bitcoins with iDEAL, Bancontact, and MyBank.
BitStamp is one of the world's largest and most well-known Bitcoin exchanges. Deposits can be made through bank transfer, SEPA transfer, international bank wire, and now even credit cards.
Founded mid-2013, Kraken is the world's largest Euro-denominated Bitcoin exchange, based on daily average trading volume. It supports deposits from US, European, Canadian, British, and Japanese customers. Deposits can be made via bank wire, SEPA, SWIFT, and bank deposit (Japan only).
CoinCorner is a Bitcoin exchange based on the Isle of Man. They cater to first-time buyers in the UK, Europe, Canada, Australia, and certain African, Asian, and South American countries. CoinCorner users may purchase bitcoins with SEPA, credit/debit card, GBP bank transfer, and now Neteller too. No verification required for purchases under £100.
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%.
Coinhouse will let you buy bitcoin via 3DS-secured credit/debit cards and Neosurf prepaid cards. Neosurf cards can be purchased at over 50,000 locations across Europe. Coinhouse charges a 10% fee for all purchases made with a Neosurf card. Coinhouse is located in Paris, France and is operated by Ledger, a Bitcoin security company.
Cubits is a Bitcoin exchange based in the United Kingdom. It allows users in almost every country besides the United States to purchase bitcoins, using a wide range of currencies and payment methods. The payment options include SEPA, SWIFT, credit cards, OKPAY, SOFORT, Skrill, Dotpay, and online bank transfer.
Technically, VirWoX isn't even a Bitcoin exchange. It mainly serves as a way for people to buy Second Life Lindens, a currency used in the virtual world Second Life. You can't buy Bitcoin with PayPal directly at VirWoX, but it's possible to first buy Second Life Lindens (SLL) and then trade your SLL for Bitcoin. This process works perfectly, but in the end will cost you about 10% in fees.
This workaround/hack has made VirWoX the easiest and most popular way to buy bitcoins with PayPal.
Bitit lets you purchase bitcoin online with a 3DS-enabled credit/debit cards or with cash via Neosurf, Flexepin (coming soon) and Cashlib vouchers, available in over 150,000 local stores across Europe.
itBit is a global Bitcoin exchange, licensed with the New York State Department of Financial Services. It also operates a global OTC trading desk, making it easy for customers to buy large amounts (100 BTC and up) of bitcoin. It supports all US states besides Texas.
Anycoin Direct is a Bitcoin broker based in the Netherlands which services clients across Europe. Customers can purchase bitcoin with SEPA, SOFORT, Giropay, iDEAL, Mybank, Bancontact, and TrustPay.
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.
Belgacoin is a Bitcoin broker based in Belgium. They accept payments via SEPA or international bank transfer. The service requires no verification or even registration, so it's both convenient and anonymous (although bank transfers by their nature are not anonymous).
HappyCoins is a Bitcoin exchange based in the Netherlands which services customers across Europe. HappyCoins accepts a wide range of payment methods, including many instant payment methods; iDEAL, Bancontact, GiroPay, myBank, Sofort and Interac. It also offers SEPA deposits for all EU residents, which take 1 to 3 days to clear.
Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.
Changelly lets you buy bitcoin with Litecoin, Dogecoin, altcoins and many other digital tokens. Changelly works in nearly every country but you will need another cryptocurrency in order to purchase bitcoins. Exchanges happen almost instantly because Changelly never actually controls your tokens but just exchanges them.
ANXPRO is a Bitcoin exchange based in Hong Kong. It lets you buy bitcoins with bank transfer.
BitSquare is a decentralized Bitcoin exchange. They facilitate trade by escrowing bitcoins of both buyer and seller, to promote the successful conclusion of trades. It offers high privacy and security, and never controls its users funds.
Germany’s capital, Berlin, was dubbed as the Bitcoin Capital of Europe by British publication The Guardian back in 2013 thanks to the widespread acceptance of the cryptocurrency in the city. 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.
Another survey by German retail bank Postbank suggests that 29% of Germans treat cryptocurrencies as a desirable investment avenue. Additionally, leading corporate houses in the European nation have been integrating Blockchain technologies in their businesses. More importantly, the German government has been supportive of Bitcoin and that has played a critical role in the adoption of the cryptocurrency.
Bitcoin in Germany is tax-exempt as long as it is used for making payments, according to the Federal Ministry of Finances. This means that virtual currencies such as Bitcoin are equivalent to other legal means of payment in Germany. The Federal Financial Supervisory Authority (BaFin) in Germany treats Bitcoin as a financial instrument.
As a result, Bitcoin trading platforms in the country had to take a permit from BaFin in order to facilitate trade and issue the digital currency. However, a recent ruling by a German court has challenged the standing of Bitcoin as a financial instrument. According to the court, Bitcoin trading in Germany doesn’t require permits and licenses, and it isn’t issued by either the central bank or any other public authority.
Bitcoin cannot be treated as a financial instrument as per the court ruling, which means that there is an inconsistency in the regulatory standing of Bitcoin in Germany. In fact, this is an inconsistency that’s seen throughout the European Union. Though different countries in the EU have legalized Bitcoin, there’s lack of a region-wide framework regarding cryptocurrencies.
This means that the likelihood of further tweaks in Germany’s approach toward Bitcoin is likely so that different countries in the EU are on a similar page with respect to cryptocurrencies. However, potential Bitcoin buyers and existing holders can expect any changes to be favorable with respect to Bitcoin and its adoption in a manner to what some other countries outside the EU have done.
Germany could take steps to curb money laundering and financial terrorism by introducing related regulations, and such a move will enhance Bitcoin adoption by boosting confidence in cryptocurrencies. As it stands, reputable organizations in the country are already taking positive steps to boost adoption of Bitcoin.
For instance, the German National Tourism Board started accepting payments in Bitcoin last year. Just recently, Boerse Stuttgart, which is Germany’s second-largest stock exchange, officially launched a new cryptocurrency trading application that will allow users to trade Bitcoin, Litecoin, Ethereum, and XRP. This is Germany’s first crypto-trading app that has the backing of a traditional securities exchange, a move that could bring more users into the Bitcoin ecosystem.
One of the easiest ways to buy Bitcoin in Germany is through cryptocurrency exchanges. There are several exchanges offering Bitcoin in Germany, 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 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.