Top Crypto Trading Platforms in Germany
Our expert team of crypto researchers and analysts have compared over 30 digital asset trading platforms to help investors in Germany find the safest and easiest way to invest in the asset class. Our internal review and ranking methodology considers a wide range of factors, which includes regulatory compliance, security, features, fees and overall user experience.
1. eToro
eToro is the top-rated German crypto platform, boasting a vast selection of assets, including more than 3,000 cryptocurrencies, stocks, commodities, currencies, indices, and ETFs. Its unique social trading features, such as Copy Trading and a Virtual Account for practice, set it apart from rivals.
Regulated by the European Securities and Markets Authority (ESMA), eToro is popular among German investors for its user-friendly interface and affordable EUR deposit options through SEPA payments, online banking, Sofort & Giropay and debit cards. Furthermore, eToro offers industry-leading fees, with no initial commissions and tight spreads on assets.
- Fees: Deposits are free and crypto trades are subject to a 1% spread.
- Supported Assets: 70 cryptocurrencies, 3000+ stocks, 18 indices, 27 commodities, 49 fiat currencies and 300 ETFs.
- Regulation & Licensing: Regulated & Licensed by the European Securities and Markets Authority (ESMA)
- Customer Support Options: 24/7 support via live chat, email & online ticketing system.
- EUR Deposit Methods: Bank Transfer, SEPA Transfer, Credit/Debit Card, Sofort, Giropay & more.
2. Bybit
Bybit is recognized as the second best cryptocurrency exchange for German investors, providing a user-friendly interface, extensive range of over 400 cryptocurrencies, and low fees. Additionally, Bybit offers free and immediate EUR deposits via various methods, including bank transfer, debit and credit card. With over 10 different trading types, including spot, futures, options, and margin trading, Bybit is one of the most comprehensive platforms globally. Notably, Bybit distinguishes itself from other exchanges by not mandating KYC (identity verification) for buying or selling crypto.
- Fees: Zero fees for deposits and withdrawals. 0% fees on spot markets (limited time only, normal rate is 0.1%) and the maker/taker rebate is 0.01%/0.06%.
- Supported Cryptocurrencies: 400+ cryptocurrencies.
- Regulation & Licensing: Not regulated by any government body (hence no KYC requirements).
- Customer Support Options: 24/7 support via live chat, email, ticketing system, phone and online communities.
- EUR Deposit Methods: Wise, Credit Card, Debit Card, SEPA, Paysera, Bank Transfer, Revolut, iDEAL, Maestro & Google Pay.
3. OKX
OKX is one of the world's largest cryptocurrency exchanges with over 10 million users in Germany and throughout Europe. The platform is licensed and available to German investors and offers over 300 cryptocurrencies to buy, sell, trade and stake with low fees and tight spreads. The OKX exchange is a feature-rich platform that offers futures trading, options trading, high-yields on staking, an NFT marketplace and much more.
The OKX exchange is also a major sponsor of large sporting teams throughout Europe which include Manchester City and the Mclaren Formula 1 team. This highlights how trusted and well-known OKX is within the industry.
- Fees: 0% maker fees & 0.2% taker fees. Instant spot trading is a flat 0.1% fee.
- Supported Cryptos: 300+ cryptos and leverage trading for advanced investors.
- Regulation & Licensing: Licensed by VARA (Dubai), SFC (Hong Kong) and ESMA (Europe).
- Customer Support Options: 24/7 support via live chat, email, Discord, Twitter and more.
- EUR Deposit Methods: Bank Transfer, Debit Card, Credit Card, Sofort, iDEAL, Klarna & more
4. Bitcoin.de
Bitcoin.de is a cryptocurrency exchange based in Germany. It is one of the oldest and most popular platforms for buying and selling bitcoin in the country. Bitcoin.de is the first and only exchange globally that allows users to process crypto transactions directly through their own bank account (via Fidor Bank AG). It offers support for multiple languages, including German and English.
Despite being German-based there are quite a few disadvantages to Bitcoin.de compared to platforms like OKX. The main downsides include their outdated user experience and the fact that they only offer 8 crypto assets.
- Fees: 0.5% fee on all trades, there are zero deposit or withdrawal fees.
- Supported Cryptocurrencies: 8 cryptocurrencies.
- Regulation & Licensing: Regulated by MiFID.
- Customer Support Options: No live chat or email support available, only an online form.
- EUR Deposit Methods: Bank Transfer & SEPA.
5. Binance
Closing out our list of top 5 cryptocurrency exchanges in Germany is Binance, a titan in the global digital currency marketplace. With a diverse user base spanning 130 countries and exceeding 120 million users, Binance holds the distinction of being the world's largest cryptocurrency exchange. The platform caters to a multitude of trading preferences, offering spot trading, margin trading, and futures trading among its services. Binance is replete with tools and services to facilitate and enhance your trading strategies, putting it in close competition with Bybit in terms of feature-rich platforms.
Its extensive reach and comprehensive offering make it a reliable choice for German cryptocurrency enthusiasts.
- Fees: 0.1% on spot markets and maker/taker rebate is 0.02%/0.04%. Deposit & withdrawal fees vary between 0.5% - 1.8%.
- Supported Cryptocurrencies: 350+ cryptocurrencies.
- Regulation & Licensing: Regulated by CySEC.
- Customer Support Options: 24/7 support via live chat, email & online ticketing system.
- EUR Deposit Methods: Advcash, Etana, Bank Transfer, SEPA & Credit/Debit Card.
Is Crypto Legal in Germany?
Yes, cryptocurrency is legal in Germany. The country is known for its progressive stance on digital currencies. Cryptocurrencies are recognized as a form of private money, and any profit from selling them after a year of holding is tax-free. German businesses are also legally allowed to conduct transactions in cryptocurrencies.
However, financial institutions that want to deal with cryptocurrencies or provide related financial services must get approval from Germany's financial regulatory authority, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). Crypto service providers are required to follow Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.
How is Crypto Taxed?
In Germany, cryptocurrencies are considered private money. Profits from selling cryptocurrency held for more than a year are tax-free. If sold within a year of purchase, profits are subject to income tax, ranging from 14% to 42%. However, profits less than 600 Euros are tax-exempt. As tax laws can change, it's recommended to consult with a tax professional for the most accurate information.
How to Buy Bitcoin and Crypto in Germany
For those interested in investing in Bitcoin or alternative digital assets in Germany, here's a condensed, step-by-step guide for a secure and legally compliant transaction:
- Choose a BaFin-compliant platform: Use exchanges that adhere to Germany's financial regulatory body, the Bundesanstalt für Finanzdienstleistungsaufsicht.
- Account setup and verification: Sign up using your email, create a strong password, and complete KYC procedures with required identification and proof of residency.
- Deposit EUR: Fund your account via SEPA Transfer, Giropay, Sofort/Klarna, bank transfers, German digital banking, or debit/credit cards.
- Buy cryptocurrency: Select your desired digital currency and the amount to purchase in EUR or crypto, then confirm the transaction.
- Secure your assets: Transfer your digital assets to a private wallet for enhanced security.
By adhering to these steps and using a trustworthy, regulated platform, you can safely and efficiently acquire cryptocurrencies in Germany. Always protect your personal information and wallet details, and perform thorough research before investing in any digital asset.
Bottom Line
Germany presents an encouraging environment for purchasing Bitcoin and other cryptocurrencies, provided one engages with a trusted platform that complies with Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) regulations. While platforms like eToro, Bybit, OKX, Bitcoin.de, and Binance offer various unique features, it's crucial to consider elements like fees, supported assets, and customer support before committing.
Being aware of the legalities surrounding cryptocurrency trading and the associated tax implications in Germany is also vital. With careful planning and a secure platform, investors can safely navigate the German cryptocurrency landscape. Always remember, safeguarding your personal information and performing thorough research are essential steps to ensure a secure and fruitful crypto investment journey.
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