The Best BTC Exchanges
Several factors play a role in determining which Bitcoin exchange is best for you. In the last 6 months alone, more than a dozen new Bitcoin exchanges have been created. It is important to choose the right Bitcoin exchange to have an easy entry into the Bitcoin world. At the same time you have to secure your transactions optimally. The issue of security when buying Bitcoin is at the forefront. Followed by the fees and the beginner friendliness.
The following ranking list presents the best Bitcoin exchanges according to these criteria for buyers who live in Germany, Austria and Switzerland.
Important to note is whether you want to buy Bitcoin with Euro, US Dollar or other currencies. Different stock exchanges offer different conditions. The list above shows the best exchanges for buying Bitcoin with Euro or US Dollar.
Are you buying Bitcoin for the first time?
In this case it is good if you consider the above criterion “beginner friendly”. Otherwise it can become quite confusing at the beginning with a new registration on a Bitcoin stock exchange. Many stock exchanges are aimed more at advanced Bitcoin buyers and offer a variety of charts and other crypto currencies for purchase.
How can I buy Bitcoin on one of these exchanges?
First look through the list above and select 1-2 exchanges that meet your personal requirements. We recommend that you register with more than one Bitcoin exchange as the verification process is very different. With some exchanges you get the activation in a few hours, with others it takes several days. Therefore it is best to play it safe and register with several exchanges.
After the registration has been confirmed by the stock exchange, you will receive an email. Then you can log in directly with your account and view the customer area. Now it is time to deposit money which can be exchanged into Bitcoin, Ethereum and other crypto currencies. With the deposit possibilities one has usually the selection from several options. Details are listed in the table above. After your money has been transferred to the stock exchange, you can then directly enter and order a Bitcoin purchase on the stock exchange. For the purchase most stock exchanges charge a fee which lies between 0.2 and 1.5% of the purchase value. Thus quite similar to the security purchase with your bank.
In most cases, the purchase itself is completed within a few minutes. Immediately after the purchase (or sale) you will see the booking on the stock exchange with the note “Pending” or “Premarked”. The actual transaction in the background can take up to 10 minutes. In times when a lot of Bitcoin transactions take place, this can happen even more. But don’t worry, as soon as the transaction is marked, you have, so to speak, the confirmation of the stock exchange that everything is in the green area.
Which is the best stock exchange to buy Bitcoin?
This cannot be answered in general as it depends very much on personal preferences. Similar to the various traditional banks, the customer service and the ambience at one bank are very appealing and at the other bank not at all.
Stock exchanges with low fees, high security and a clear interface are important, especially if you are a beginner. Here we recommend eToro.de and IQ Option. Both also have a German interface. CEX.IO and Coinbase are also very clear, but there is only the English language option.
Of course, an important point is also the payment options. For example, if you want to buy Bitcoin very quickly, the credit card option is recommended. Because a bank transfer often takes 2-4 working days.
Which is the largest Bitcoin exchange?
Worldwide this is Coinbase and its sister site GDAX. GDAX is mainly used for trading crypto currencies with each other, for example to exchange Bitcoin for Ethereum. Not to exchange Euro or US Dollar for crypto currencies.
In Europe the largest exchanges are eToro, IQ Option, Bitcoin.de and Coinmama.
How can I buy and store Bitcoin safely?
Read our section about Bitcoin Wallets. We strongly recommend that you transfer your coins into a personal Bitcoin Wallet immediately after purchase. This can be an online wallet, a wallet on your mobile phone, a hardware wallet or a cold wallet. This order is ordered by security level, whereby a Bitcoin Cold Wallet is the most secure. There have been several cases in the past in which hackers have successfully gained access to user credit in some Bitcoin exchanges. The track record of the exchanges is reflected in the above table under the item “Reputation”.
Can I buy Bitcoin anonymously?
- The most anonymous way to buy Bitcoin these days is offline.
- The most anonymous way to buy Bitcoin these days is in offline groups. A list of these can be found here.
- There, Bitcoins are directly exchanged for cash with a partner and vice versa.
- You can buy BTC at Stex for example – Bestbitcoinexchange.net/en/stex-com/
On the Bitcoin stock exchanges, on the other hand, the deposit of Euro and the purchase of Bitcoin must be verified. This verification varies from exchange to exchange, but usually includes a scan of the passport, driver’s license and / or a newer invoice which proves the residence. This includes electricity bills, rental contracts or water bills. In addition, on almost every exchange there are different verification levels which depend on the amount of the desired daily transaction limit.
Transactions amounting to a few hundred euros per day can be made at some exchanges through the first verification level, in which only an email address and password is required. If, however, the sums become higher, the “real” verification levels take effect.
List of the best Bitcoin exchanges in 2019:
eToro.de is a very well-known trading platform which has been offering online trading with various securities for years. Since 2017 the trading of crypto currencies like Bitcoin, Ethereum, Ripple, Litecoin, Dash, Bitcoin Cash and Ethereum Classic is possible. The special feature of eToro is its social trading function. This means you can track and learn trades from other users in the system.
- Established and regulated trading platform already before crypto currencies
- Relatively many crypto currencies to choose from
- Very beginner-friendly
- Besides crypto currencies you can also trade other securities which might displease some Bitcoin purists.
- Here you can inform yourself in detail in our detailed descriptions of our eToro experiences.
Although Binance was only founded in 2017, it is now the world’s largest crypto exchange. Originally, the company was based in Hong Kong and Japan. Since the beginning of 2018, the company’s headquarters have been in Malta, i.e. within the EU. Binance is currently probably the most technologically advanced crypto exchange that can handle over 1 million transactions per second. The company has also made a name for itself among its competitors through a very proactive and strong management. Within the editorial staff, Binance is our most frequently used crypto exchange.
- Largest and most stable crypto exchange worldwide
- German version available
- Very low fees
- Over 100 crypto currencies tradable alongside Bitcoin and Ethereum
- Simple verification
- It cannot be deposited with Fiat money (EUR, USD etc.) because Binance is a pure crypto exchange.
IQ Option is also based in Europe, Cyprus. It is a very beginner-friendly Bitcoin exchange with a nice, modern user interface. You can even create a free demo account to get to know the world of cryptotrading without any dangers. You can trade Bitcoin, Ethereum, Monero, Dash, OmiseGo, Zcash, Santiment, Ethereum Classic, IOTA, Litecoin, Bitcoin Cash and Ripple.
IQ Option Advantages:
- One of the most beautiful user interfaces in our ranking list
- German version available
- Possibility of a demo account
- One of the few stock exchanges Monero offers
IQ Option Disadvantages:
- No pure focus on crypto currencies as also conventional securities can be traded
Bitcoin.de is the pioneer in Germany and one of Europe’s largest Bitcoin exchanges. It was founded by real Bitcoin enthusiasts and has done a lot for the community in Germany. It is also subject to German regulations and is almost regulated like a normal German bank.
- Very good reputation and one of the largest European stock exchanges
- Addresses beginners as well as advanced users
- Deposit only by bank transfer
- The user interface could be designed more modern
Coinbase was founded in the USA in 2012. Today, this Bitcoin exchange has more than 12 million customers in 34 countries. Most recently, Coinbase had a company valuation of more than USD 10 billion, making it one of the most successful Bitcoin exchanges in the world. Coinbase is very easy to use for beginners. So far there have been no successful attacks on this exchange where investors would have lost their money. We often use Coinbase to buy Bitcoin and Ethereum with Fiat money.
- Very easy to use for beginners
- 10 USD free of charge on deposit of at least 100 USD and usage
- Very easy to use for beginners
- 10 USD free of charge when depositing at least 100 USD and using this link
- Fees in midfield
- Fast verification
- Only a few crypto currencies are tradable: Bitcoin, Ethereum, Litecoin and Ripple.
Coinmama was founded in England and is now one of the leading Bitcoin exchanges in Europe. This exchange is suitable for beginners as well as advanced users. Its reputation is excellent and transaction speed is among the best in the world. Go to https://www.coinmama.com/, to read more.
- Best limits to purchase Bitcoins with credit card
- Under 150 USD per day crypto currencies can be bought and sold without verification.
- At the time of writing, it was not possible to sell crypto currencies back on the stock exchange, i.e. to exchange them for euros.
The CEX.IO Bitcoin exchange is very well established and located in the USA. The full focus here is on Bitcoin and Ethereum. Deposits can be made in a variety of currencies such as the Euro, US Dollar, British Pound or even Russian Ruble. A clearly arranged user interface will be especially popular with beginners. This exchange is even more user-friendly than the already quite clear Coinbase for example.
- Extremely beginner-friendly
- Relatively loose verification. Up to 400 USD can be traded daily without ID verification.
- So far only english interface for all users
- Limited selection of crypto currencies