How to Buy Bitcoins in France

How to Buy Bitcoins in France

In this article, we’re going to show you how to buy bitcoins in France. Since France is part of the European Union, there’s less regulation around Bitcoin than in the US.

Regulation in France

France and Germany have been considering increasing regulations on Bitcoins and crypto currencies in the people’s interest. This comes after Germany recently declared Bitcoin “private money”. We can expect the same move to come from other countries within the European Union. Nonetheless, there’s a large community of investors in France who is interested in all-things-crypto. So, there’s some demand coming from the country. Unfortunately, as we’ve seen with other countries, most of the “Bitcoin broker” websites can be scams.

Beware of any website which offers to Buy Bitcoins in France for much cheaper than the market price. It will most definitely be a scam. In this kind of case, we suggest that you trust the largest exchanges or Bitcoin brokers. That’s because there’s a large consumer base that trusts their services.

How to buy Bitcoins in France?

For countries which have little to no regulation related to Bitcoin, we suggest Bitcoin CFDs. These can be bought on large international platforms. A CFD is a representation of an underlying asset, its price is determined by the market price (not the internal demand/supply). If you believe that the price of Bitcoin will rise, you can buy Bitcoin CFDs. Conversely, you can short Bitcoin CFDs if you think the price will fall. That’s an added advantage to buy Bitcoins in France through a CFD platform. You can make a profit from falling as well as rising markets.

Where to Buy Bitcoins in France?

CFD trading is pretty safe since the platforms that are online today are mostly regulated by different financial authorities. Therefore, you can be sure that these websites aren’t scams, for example, Plus500 is regulated by the UK’s Financial Conduct Authority.

One of the best features of Plus500 is the $25 bonus awarded to people who sign up and verify themselves; as it allows even the most beginner traders to experience what the world of CFD trading is. For seasoned traders, one can make a deposit on the website using major credit cards, PayPal or wire transfers. The website has no deposit fees, that is that if you deposit a minimum of $100 dollars into your account, you will have $100 to trade with and start speculating.

Plus500 has great withdrawal service since you need to just verify yourself then the money is transferred to your personal banking account. Since there are no withdrawal fees as well, the profits that you make on the website will be the exact amount you can withdraw.

Overall, the Plus500 platform is one of the simplest and most powerful CFD trading websites, it places a strong emphasis on being open to everybody. The platform can be used by anybody to experience the world of CFD trading and get introduced to a new industry in the financial markets.

You can also read our full review of: How to invest into Bitcoin with Plus500.

 

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About Article Author

Martina Kelowsky
Martina Kelowsky

Currently working on her Master Degree in Economics & Computer Science she lives in Russia. She is a Bitcoin Enthusiast since 2013 and Investor in various ICO since 2014. She aims to democratize a future where money is decentralized and transaction anonymous.

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