Best platforms to trade crypto in Germany
Best Crypto Exchange in Germany - Bybit
Best Crypto Exchanges in Germany:
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Bybit – Best for active traders (trading fees from 0, strong futures liquidity);
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KuCoin – Best for active spot traders (over 700 supported coins, extra low fees);
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Kraken – Best for trading crypto-fiat pairs (supports 7 fiat currencies, simple trading platform);
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Coinbase – Highest level of security (multiple regulations, high data protection standards);
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Bitvavo – Best for European traders (Euro deposits/withdrawals, licensed in the Netherlands).
German residents will not break any laws if they choose to transact with cryptocurrency. Traders can legally trade and pay for services using cryptocurrency in Germany. The only challenge investors or traders could encounter is finding the best crypto exchange in Germany.
And to have a smooth transaction or trading experience, you need the best cryptocurrency exchange in Germany. A top crypto exchange presents traders with the best storage or crypto wallet, and they will offer the best security features for assets. So for residents seeking to trade with the best crypto exchange in Germany, TU experts have made a list. This article will present the 7 best crypto exchanges in Germany.
TOP 7 crypto exchanges in Germany 2024
It is no longer news that Germany is among the countries where traders can legally use cryptocurrency payment methods. As of February 2023, Binance alone had over 2 million active users who traded and paid for services using crypto.
At the moment, what every potential crypto trader or investor needs is the best place to buy crypto in Germany. And below is a comprehensive review of the best crypto exchange in Germany.
| Supported assets | Spot fee | Futures fee | Bonuses and promo | Investment options | |
|---|---|---|---|---|---|
300+ |
0.1% |
(Maker/Taker) 0.01% /0.06% |
Up to $50 for registration |
Copy trading, staking |
|
700+ |
0.1% |
Maker 0.1% |
Up to $510 sign-up bonus and 40% discounts and commissions via the referral program |
Copy trading |
|
226+ |
0% to 0.26% per trade |
Maker 0.16% |
$10 BTC referral bonus |
Copy trading |
|
200+ |
1% |
Maker 0.40% |
$10 Bitcoin or 10 USD equivalent of your domestic currency referral bonus |
Copy trading |
|
150+ |
- |
Maker 0.15% |
Referral Code bonus of the 10.000 euros commission-free trades and temporary a 20 euro welcome bonus |
Copy trading |
|
250+ |
0.075% |
Maker 0.4% |
Up to $50 Bitcoin Welcome Bonus using referral codes |
Copy trading |
|
600+ |
0% |
Maker 0.10% |
$50 affiliate invitee Welcome Offer and 40% commission for every trade across Pool, Binance Spot, and Futures |
Copy trading |
Bybit
Bybit is a well-known cryptocurrency derivative exchange, headquartered in Singapore. Bybit's forte is in cryptocurrency derivatives trading, offering up to 100x leverage, and it does not mandate KYC verification for its users. For spot investors it offers over 300 coins, staking and copy trading opportunities.
Bybit is highly regarded by experts in the German cryptocurrency market as one of the top exchanges. This is largely attributed to its exceptional 24/7 customer support in German and the availability of its platform in German. Additionally, Bybit places a strong emphasis on security, transparency, and privacy, making it a trustworthy platform for German investors. By refraining from requiring KYC, it offers investors a level of privacy and ensures transparency in its assets by providing proof of reserves, which confirms a 1:1 holding of funds.
Features
300+ supported coins
Up to 100x leverage on crypto
Advanced tools supported by great technology
Risk-free testnet environment
Trading bots
Investment options
Copy trading
Farming
KuCoin
According to TU experts, KuCoin is an excellent choice for German investors who want to trade in altcoins. This platform boasts a wide selection of over 500 cryptocurrencies, including some lesser-known coins alongside established ones. KuCoin's user-friendly interface, reasonable trading fees, and advanced trading features make it a popular choice for German altcoin traders. As a result, it has emerged as a strong competitor in the German market.
KuCoin presents itself as an attractive option for German investors looking to trade cryptocurrencies, offering various features such as language support in German and flexible deposit methods for the Euro. The platform is dedicated to providing a reliable and trustworthy trading experience by prioritizing security, user privacy, and strict adherence to regulatory standards. All of these factors contribute to making KuCoin a dependable and credible choice for those looking to participate in Germany's growing crypto market.
Features
Over 500 supported assets
Leverage up to x100
Trading Bot
Marketplace
Investment options
Margin trading
Lending
Staking
NFT trading
Kraken
Traders seeking a crypto exchange with top-notch security, low trading fees, and different crypto instruments should consider Kraken. This crypto exchange is among the best crypto exchanges in Germany that novice and professional investors can trust.
Kraken is a top choice for lower-volume traders interested in cryptocurrency trading and investing due to the flat purchasing fees they provide. While traders must be aware of all expenses and risks, they must also take precautions to secure their accounts using two-factor authentication.
👍 Pros
• Kraken provides user-friendly mobile applications and reasonable Bitcoin (BTC) withdrawal fees
• Kraken offers flat purchasing fees, which is a great advantage for traders who trade frequently
• They integrate a wide range of educational materials and responsive customer service
• Users of the Kraken Pro trading platform have access to several cryptocurrency trading markets, which is advantageous
• Kraken also provides a large selection of coins, margin trading options, and secure coin storage
👎 Cons
• They do not have a cryptocurrency credit card, and there is no insurance fund for the platform's assets
Coinbase
Coinbase is among the best crypto exchanges in Germany that traders can rely on when purchasing or trading cryptocurrencies. This exchange platform has the best interface that a beginner crypto investor can easily adapt to. The exchange's video classes are useful for users without any trading experience who want to learn more about trading cryptocurrencies.
Additionally, while it is the best platform to trade crypto in Germany, it also embeds reliable asset storage tools. Users can withdraw crypto immediately after they purchase it using fiat currency. Coinbase integrates top security features like two-step verification, platform insurance against theft, cold storage, and a bug bounty program.
👍 Pros
• German traders who hold onto the native coin (USDC) on this top cryptocurrency exchange receive an annual percentage yield (APY) of 0.15%
• German traders have access to more than 250 cryptocurrencies via Coinbase
• The platform's withdrawal process is quick, and newcomers to cryptocurrencies and NFT will love its user interface
• A native NFT market is available through Coinbase
👎 Cons
• Coinbase has high transaction costs
Bitvavo
Bitvavo is another top crypto exchange in Germany that traders can trust for crypto-related transactions. As a duly registered and regulated crypto exchange, Bitvavo is a trustworthy and safe exchange for automated crypto trading. Additionally, they adhere strictly to all European anti-money laundering and counter-terrorism financing laws.
With no deposit fees and excellent customer support, you can be certain to have the best cryptocurrency trading experience. Fees on this platform are based on the trading volumes of users. With transparent and affordable trading fees, this cryptocurrency exchange makes digital assets available to new and seasoned cryptocurrency traders.
👍 Pros
• For market makers and high-volume traders, Bitvavo offers the most competitive rates
• Trading costs are transparent and reasonable
• Users can deposit and withdraw funds quickly with Bitvavo thanks to its integration with bank accounts
• It provides a broad selection of digital assets on a user-friendly trading platform
• When trading, storing, purchasing, and selling cryptocurrency, traders receive the best protection against malicious activities
👎 Cons
• Bitvavo does not offer traders leverage, fundamental trading instruments, CFD trading, or derivatives
Crypto.com
Crypto.com is another principal crypto exchange on the list of the best crypto exchanges in Germany. The helpful tools this cryptocurrency exchange provides traders and investors have made it well-known. With these tools, traders can exchange, buy, sell, send, receive, and withdraw cryptocurrencies on Crypto.com.
From its beginnings as a platform for accepting cryptocurrency payments, Crypto.com has expanded to provide several products, including Visa cards, crypto pay at checkout, and various ways to earn cryptocurrency. Crypto.com is a platform with industry-standard security features needed for secured crypto transactions in Germany. Even though Crypto.com is a more cost-effective option for novice traders, low-volume traders enjoy trading with this cryptocurrency exchange.
👍 Pros
• Crypto.com wallets integrate biometrics, multi-factor authentication, and locally encrypted private keys
• Crypto.com provides an iOS and Android mobile app
• This top cryptocurrency exchange offers top-earning opportunities and among the cheapest crypto exchanges
• Additionally, they guarantee excellent security and offer a secure digital wallet
• The Crypto.com wallet supplies private keys, which are then locally encrypted on the user's device
👎 Cons
• Only minimal educational content is available on Crypto.com
Binance
Binance has been recognized as the leading cryptocurrency exchange in Germany for its strong emphasis on regulatory compliance and secure platform for trading digital assets. With a global reputation, Binance provides access to an extensive range of more than 350 crypto assets, diverse trading options, and industry-leading fees of 0.1%. The user-friendly interface caters to investors of all levels, making transactions simple and straightforward. Additionally, Binance employs robust security measures to instill confidence and ensure a safe trading experience for its users.
Binance's position as the leading cryptocurrency exchange for German investors is bolstered by its adherence to regulatory requirements, comprehensive set of features, user-friendly interface, and advanced security measures. Additionally, Binance offers a wide array of deposit methods for Euro (EUR), such as bank transfers, Advcash, debit cards, credit cards, Google Pay, Apple Pay, and more, providing a convenient and hassle-free experience for its users.
Features
Cold storage of digital assets
Over 350 supported digital assets
Trading tools and derivative products
Access to DeFi services
Investment options
Lending
NFT trading
How to choose a crypto exchange in Germany?
When choosing the best crypto exchange in Germany, traders must research the exchange before signing up. Among the things traders are expected to take note of about each, learning about the platform's regulatory status is critical. Below are the various elements traders in Germany should consider if they want to trade or invest in crypto with the best crypto exchange in Germany.
Regulation and safety
Learning about the regulatory status and safety of the market before signing up with the best crypto exchange is crucial.
BaFin oversees the regulation of cryptocurrency exchanges in Germany. An exchange that offers cryptocurrency trading services in Germany must have an operating license and adhere to KYC and AML regulations.
Since crypto exchanges operating in Germany are subject to regulation by BaFin, traders must ensure that the exchange they select has these licenses.
Fees
If you have confirmed the reputability of the exchange, looking at the different fees for transactions executed on the platform is necessary. Learning about the fees helps traders make the best choice of cryptocurrency exchange based on their financial status. Novice traders have a lot to gain from a crypto exchange whose fees are lower.
Benefits for German clients
Every top cryptocurrency exchange in various nations provides local traders with several incentives. And the same is true for crypto exchanges in Germany.
The best crypto exchanges in Germany should support the euro and also have a German language version or support bonuses. These cryptocurrency exchanges let users earn interest on supported coins. However, traders should verify the special services these top crypto exchanges offer to every German trader.
Investment options
Traders should research the tools and investment options on the crypto exchange platform. It is essential to find out how many coins the broker supports, whether they offer copy trading services, and whether they support other cryptocurrency investment options like staking.
Customer Support Options
Providing the best customer support options is among the features of the best crypto exchange in Germany. Traders need a top crypto exchange with a different customer support system, as these will prove helpful when they encounter challenges. Trading with a cryptocurrency exchange whose customer support is not responsive could cost traders in the long run. A crypto exchange customer service that replies to emails or chat requests late is not ideal for traders in Germany, especially beginners.
However, traders should consider the available customer support options the exchanges offer.
How to buy crypto in Germany?
Traders looking for the best place to buy crypto in Germany should know which exchange to use after reading the review of the top crypto exchanges in prior sections. Below are the steps they should follow when they are ready to buy cryptocurrencies. The Binance crypto exchange platform will be used as an illustration:
Step 1: Register for a trading account
The first step to buying cryptocurrencies is to find the best crypto trading platform and create an account with the broker.
Step 2: Complete the KYC verification process
After creating a new account with any of the best platforms to trade crypto in Germany, finish the process of verifying your identity. This might require traders to provide some personal information to the crypto exchange. The provided information is never disclosed to any third-party services for security reasons.
Step 3: Make a fiat deposit
After the KYC verification is complete, you can move on to deposit money in fiat using the procedures offered by the cryptocurrency exchange.
Step 4: Buy Cryptocurrency
After making a fiat deposit, you can now go ahead and buy your preferred cryptocurrency.
Step 5: Send your Bitcoin to a personal wallet
After buying cryptocurrency on the exchange, withdraw it to your non-custodial wallet for security reasons. This gives traders complete control over their crypto assets and ensures their privacy.
Is it a good time to buy Bitcoin in Germany now?
Bitcoin and other altcoins are rebounding from the crash they experienced between 2021 and 2022. Investing in Bitcoin has some benefits and a few cons:
👍 Pros
• Bitcoin can protect against currency devaluation by limiting economic risks that could undervalue people's savings. Again, cryptocurrencies assist in reducing inflation
• Because of its widespread reputation, Bitcoin is among the most popular cryptocurrencies and will not diminish at any time. Additionally, they increase in value over time, which is necessary for a trader investing in cryptocurrencies
• In November 2021, Bitcoin's historical price, which was its highest price, exceeded 65,000 USD. And it is on its way up again
👎 Cons
• While Bitcoin is increasing in value, it is currently very volatile. There is no guarantee that the price will continue rising without falling
• The government is following up on the FTX crash with regulation proposals, which could work against the cryptocurrency's decentralized nature
Do Crypto exchanges support the Euro?
Yes. Some of the best crypto exchanges in Germany support the euro and offer fiat currency funding options. These exchanges guarantee that traders can fund their accounts for the lowest possible fees with Euros (EUR) and other popular fiat currencies.
Rules and Regulation
Crypto regulation in Germany
Crypto exchanges can get a license in Germany. The financial regulator of the cryptocurrency industry is BaFin. This body establishes rules for the conduct of cryptocurrency activities.
Investor protection
Germany has no specialized law on cryptocurrencies. The area is regulated by the Credit Institutions Act and the German Tax Code. There is no state insurance for investors.
Taxation
Taxation of cryptocurrencies on income tax is carried out on a general basis. If the income is up to EUR 25,000 per year, the rate is 15%. If the income is above EUR 25,000, the rate is 25%.
Summary
Potential crypto traders must understand that the best crypto exchange in Germany will make trading crypto stress-free. Trading with these top exchanges ensures traders do not lose assets due to insecurity. This is so because the best crypto exchanges in Germany are subject to national or EU-wide regulation.
FAQs
What is the biggest crypto exchange in Germany?
With over 600 cryptocurrencies available, including both well-known and less well-known ones with significant growth potential, Binance is the biggest cryptocurrency exchange in Germany. Bybit and KuCoin are excellent alternatives that stand out thanks to their unique features.
Which is the best crypto exchange in Europe?
Looking at how friendly the user interface is, the flexible payment methods and deposit options, and how well they comply with EU regulations, Binance, Bybit, eToro, and Coin are perfect for cryptocurrency investing in Europe.
Is Germany crypto-friendly?
Yes. The ease with which traders can conduct cryptocurrency operations makes Germany a crypto-friendly country in every way. Germany is among the best countries for traders to engage in cryptocurrency mining because it has the biggest mining company in the EU.
Is crypto tax-free in Germany?
Yes. In Germany, cryptocurrency is tax-free, but only if you keep your assets for a full year. Be mindful of the 600€ annual tax exemption cap, as there is a 600€ allowance if you sell cryptocurrency within a year.
Methodology for compiling our ratings of crypto exchanges
Traders Union applies a rigorous methodology to evaluate crypto exchanges using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.
Key aspects of the assessment include:
User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
Trading instruments. Exchanges are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
Trading platforms. Exchanges are assessed based on the variety, quality, and features of platforms offered to clients.
Extra services. Unique value propositions and useful features that provide traders with more options for yield generation.
Other factors like brand popularity, client support, and educational resources are also evaluated.
Team that worked on the article
Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.
Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).