Cheapest bitcoin exchange europe

Select the currency. Choose the coins you want to exchange from the drop-down menu and enter the amount. Step 2: Provide your wallet address to receive your converted currency. Step 3: Check all the information. Get the best exchange rate with ChangeNOW here. LocalBitcoins is my favorite way to buy Bitcoin directly from a seller without dealing with complex trading charts or paying unnecessary trading fees. It is a peer-to-peer Bitcoin only exchange that lets you buy, sell and trade Bitcoin with other people in the European region.

LocalBitcoins not only connects you to other people who are looking to buy or sell Bitcoin, but also acts as an escrow to protect both parties.

Search & Compare

Go to LocalBitcoins , quickly do a search, and you can see a list of potential sellers. Here, you can shop around, compare and find the best value. Registering, buying, and selling Bitcoin on LocalBitcoins is completely free. For more information on how to buy Bitcoin safely on LocalBitcoins, visit this article with all my tips.

International

It works pretty similar to a conventional ATM machine in which you insert a bank card to withdraw cash. Except that, in this case, you insert your local money, Euro into a Bitcoin ATM, and in return you receive Bitcoin directly to your own private wallet. The challenge is to find a Bitcoin ATM near you. You can check out the fees, limits and other terms before visiting the ATM machine. So you check out the verification requirements first before you proceed. The major disadvantage of using a Bitcoin ATM is the high fees. Interested to buy Bitcoin using ATMs?

Buy & sell Bitcoin and 50+ other cryptos at a competitive price

Conclusion — Buying Bitcoin in Europe. There you go! By now you should know exactly how to buy Bitcoin in Europe using some of the most reputable and trustworthy platforms:. In general, to make your first Bitcoin investment in Europe or anywhere in the world :. Welcome to the world of Bitcoin! So, spend time to educate yourself, earn some free Bitcoin and stay safe. Do you have any other questions? Feel free to leave a comment below. I live and breathe making an income online. Stay tuned. Jenny Tan has extensive experience in sales, marketing, finance, business development, retailing businesses, vision care and consultancy.

Jenny always has the spirit of entrepreneur at heart, who believes absolutely nothing is impossible in life and every human being has been born with talent and potential. After years of experience and obstacles along the way, Jenny has co-founded Think Maverick with a group of like-minded and determined internet entrepreneur. Skip to content.

Facebook page opens in new window Twitter page opens in new window. The crypto asset is scarce, sovereign, a great place to store and even grow your wealth. Ledger Nano S. Related Posts. Nevertheless, buying Bitcoin at Kraken can be done in a hugely cost-effective manner. But, launched way back in , the platform is one of the oldest cryptocurrency exchanges in the space.

Crucially, it complies with all European regulations on anti-money laundering, and thus — all users must have their identity verified. Finally, I should also note that Kraken is extremely user-friendly. As such, if this is your first time investing in a cryptocurrency online, Kraken is a good option.

Read More : You can find my full Kraken review here. Buy Bitcoin on Kraken. The platform also offers a fully-fledged CFD facility, meaning that you can also engage in short-selling and apply leverage of up to on your positions. Regarding the former, this means that you can trade Bitcoin with twice the amount that you have in your account. All in all, eToro certainly comes with its pros and cons.

On the flip side, all deposits at eToro made in a currency other than US dollars will attract a 0. As such, although you are not paying any commission per-say, this is actually a smidgen more expensive in comparison to Kraken. I would imagine that this is largely a result of newbie traders using too much leverage without having a grasp of the underlying risks. In addition to this, I must also make it clear that eToro does not allow you to withdraw your Bitcoin out to a private wallet. This is also a practice employed by Revolut.

But, for those of you that want to retain full control over your Bitcoin, this may prove problematic. Read More : You can find my full eToro review here. Buy cryptos at eToro. Disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Once you have decided on which cryptocurrency broker you wish to use to buy Bitcoin, you will then need to open an account. Now, the process is largely the same across all of the brokers that I discussed in the sections below.

So, the first step is to head over to the cryptocurrency broker and open an account. You will be asked to enter some personal information — such as:.

Bitcoin Exchanges

Once you have opened an account, Kraken — and all of the platforms mentioned on this page, will need to verify your identity. In order to do this, you will be asked to upload some documents. Depending on your country of residence, this might include your occupation, estimated net worth, and national tax identification number. Although the above might sound somewhat intrusive, it is important to remember that Kraken is required to do this to remain compliant with anti-money laundering laws.

The good news is that in the vast majority of cases, Kraken is able to validate your documents in less than 10 minutes via automated technologies. Once you have successfully had your cryptocurrency trading account verified, you will then be able to make a deposit. See also : Best Crypto-friendly banks in Europe.

As previously noted, if you have access to InstantSEPA, your deposit will be processed in less than a few minutes. If you are transferring the funds via the standard SEPA network, then this can take anywhere from days. As soon as your deposit has been credited by your chosen cryptocurrency platform, you can then proceed to buy Bitcoin. Once you complete the above steps, the newly purchased Bitcoin will be stored in your Kraken wallet.

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In the next section of my guide, I am going to explain the ways in which you can keep your Bitcoin safe after you complete the investment process at your chosen broker. If you want to keep your money safe, you keep it in a bank account. When buying stocks or ETFs, the financial instrument remains at your chosen stockbroker.

This is simply a piece of digital software that allows you to store cryptocurrencies.

9 Exchanges to Buy Crypto & Bitcoin in Europe ()

That is to say, if you misplace your private keys or login credentials — nobody will be able to recover your Bitcoin and it will be gone forevermore. On the flip side, you and only you will have access to your Bitcoin wallet. This means that you never need to worry about a cryptocurrency brokerage hack or collapse, as your coins are being stored independently from any third-party.

The wallet-type that you opt for will ultimately depend on what your requirements are. For example, if you are only buying a really small amount of Bitcoin then a mobile wallet is likely to be the most convenient and user-friendly option. But, and as noted above, if you are looking to invest in larger quantities then a hardware wallet is the most secure option on the table. Store your cryptos safely in your own wallet.

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