Bitcoin Volatility Index
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Bitpanda is one of the largest and most trusted European Bitcoin exchanges.
Their wide range of payment methods and fiat currencies, not to mention low transaction fees, allows residents across Europe to buy and sell Bitcoin with ease. Our guide will show you how to buy bitcoins with a credit card on Bitpanda.
Founded in 2011, Paymium remains the oldest European based Bitcoin exchange. However, their volume has slowed to a near halt, with just EUR 55,000 volume per day. They've been overtaken by their competitors who, despite being based overseas, have a large European user base.
Although not being based in Europe, Coinbase and Coinmama are two more popular and well-respected exchanges that facilitate millions of dollars in BTC volume daily in Europe.
The Fifth Anti-Money Laundering Directive is a first-of-its-kind bill that takes cryptocurrency regulation to a new level in the European Union.
After going into effect in January of 2020, the bill mandates exchanges comply with KYC (Know Your Customer) laws, and file reports about suspicious activity.
In a nutshell, the KYC laws mean European exchanges will need to verify the identity of their customers before they're allowed to trade on their platforms. This legislation will help governments prevent money laundering and other fraudulent activity, at the expense of European exchange users' privacy.
Although nothing new for exchanges based in other regions with stricter laws, the bill will remove the competitive advantage European exchanges had over exchanges like Coinbase which required users to confirm their identity for some time now.
Most exchanges have already done their homework in this regard, but some European exchanges may not have been ready. There will likely be a large divergence in enforcement from country to country as well.
From a consumer standpoint, however, the laws will have little effect on their experience aside from providing identification which, unless you've got something to hide, shouldn't be an issue.
Bitcoin is volatile and price is always on the move. If you want to convert Bitcoin to its current value in Euros, check out our BTC/EUR conversion tool.
Europeans pay, on average, EUR 0.06 more per kWh than Americans in electricity costs, nearly 50% more. Mining profitability isn't what it used to be, even with the best hardware.
Considering Bitcoin mining isn't profitable in the United States, it's definitely not profitable in Europe. If you're interested in mining for any reason besides a hobby, head to a country with cheap electricity like Georgia.
You can use our mining profitability calculator to figure your potential earnings (or losses)