How to Buy Bitcoin Germany: The Best Platforms 2017

How to Buy Bitcoin Germany: The Best Platforms 2017

Buy Bitcoin Germany Regulations

Germany is surprisingly forward and supporting of people using Bitcoin. The German government has been working hard to put constructive regulations so that people can buy Bitcoin Germany in general life and actually use them. One of the largest financial news networks in Germany now displays live Bitcoin prices because they acknowledge that it’s a revolution.

As of now, the currency is considered as “private money” by the government and is legal to use as tender. This move comes as a support which encouraged the French government to increase regulations but with the aim to make Bitcoin more accessible and safer.

Bitcoin was for many illicit activities but that’s no longer true. Due to the new AML and KYC laws, the illicit activities and money laundering schemes do not work. Thus, the government is moving toward making a better environment for people who use Bitcoin. Check out our guide for how to buy Bitcoin here!

Why Buy Bitcoin Germany?

Bitcoin is the primary cryptocurrency which started the revolution of digital currencies. The Bitcoin revolution isn’t based on the currency itself, however, it’s more about the technology that Bitcoin uses. The blockchain can change many industries such as the healthcare industry, banking industry and just how we interact with money in real life every day. That’s the first reason why you should buy Bitcoin Germany.

Since Bitcoin began, the concept was pretty interesting to security experts. Bitcoin is perfect for the purpose of anonymity whilst maintaining an accurate shared ledger. Since it’s a shared worldwide ledger, the information about transactions can be verified by individuals independently. That’s what also eliminates the purpose of a central governing authority.

Although people have seen their investment in Bitcoin grow by over 10,000%, which is pretty unrealistic by today’s standards. Whilst you can be sure that you will never see a 10,000% growth again, you should know that investments in Bitcoin can be quite profitable.

I recommend long term investments for people who do not have the time nor experience to trade after you buy Bitcoin Germany.

However, if you do have the time, I suggest you take a look at how you can use Bitcoin’s volatility to make money. For short term profits, Bitcoin CFD trading is quite effective and works well.

Best Broker for Buying Bitcoin Germany

There are many international brokers that are tried and tested platforms. Unfortunately, the Bitcoin broker platforms can sometimes be scams and people lose their capital. That’s why we suggest you stick to the big fish in the business; such as Plus500 or eToro.

For Germany, we suggest Plus500 because it’s much faster for people here.

Plus500 is a popular website that offers to buy Bitcoin Germany easily. You can pay with wire transfers, bank transfer and PayPal. The website is well designed and features live graphs of most financial instruments in the world today. It also supports around 20 languages, which shows that they’re really a global company in terms of customer base. Over 100,000 traders use their platform every day for trading purposes.

Some people might be doubtful of Plus500 and CFD trading but Plus500 is regulated by many regulatory authorities around the world. So, if you do deposit money and buy Bitcoin Germany, you can be sure that your money is in safe hands.

The website is intuitive and very easy to use for beginners. Plus500 also has an iOS and Android app. So, it’s pretty useful to trade whenever you need to sell or buy Bitcoin Germany on the go.

Check out our guide for how to trade Bitcoin here!

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About Article Author

Michael Serrano
Michael Serrano

Michael is an engineer and a bitcoin evangelist. He has been involved in cryptocurrencies since 2013. His biggest wish? 1 billion users of bitcoin, ether and litecoin by 2020. In the last 10 years he has worked for various early-stage start-up as a back-end developer.

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