In this review, we discuss the best cryptocurrency exchanges in Germany. We have reviewed and evaluated 133 exchanges with 8 different categories. We evaluated all particularities of their offering, including platforms, costs, assets, liquidity, deposits & withdrawals, customer service, and safety.
The platforms with the highest scores are in the list below.
Top 5 Crypto Exchanges In Germany
- Binance – Well-established cryptocurrency trading platform with large trading volumes and liquidity.
- Bitstamp – Low trading fees.
- Coinbase – Great trading platform and low fees.
- Kraken – Great Bitcoin exchange founded in 2022. Sophisticated trading tools for experienced investors.
- CEX IO – Great assets coverage and crypto margin trading.
Best Crypto Exchanges In Germany – List
|Exchange||Overall Score||General info||Fees (Maker/Taker)||Spot Volume (BTC)|
|#1||Binance||4.3||Best Altcoin Portfolio||0.1% /0.1%||$806,899,070|
|#2||Bitstamp||2.3||Low trading fees||0.16%/0.16%||$13,764,224|
|#3||Coinbase||4.4||Best crypto trading platform||1.99%/1.99%||$451,706,550|
|#4||Kraken||4.5||Most trusted exchange||0.16%/0.26%||$53,964,331|
|#5||CEX IO||4.6||Most asset classes||0.01%/0.00%||$808,571|
This section below breaks down the best crypto trading platforms in Germany, beginning with the best rated…
01. Binance: Best Overall Cryptocurrency Exchange In Germany
Binance is the biggest exchange in the industry with an excellent coin selection. It offers competitive fees and services for high-volume traders. Binance has access to professional tools, order types, and high spot trading volumes.
This exchange offers many benefits to active traders. Account-holders are eligible to receive between 1 and 10% rewards for holding different coins over time. We recommend Binance for seasoned investors as it has limited learning tools.
02. Bitstamp: Best Exchange With Low Fees
Bitstamp has a good reputation in the industry as a user-friendly and secure exchange. It offers straightforward platforms with intuitive interfaces and tools. Bitstamp has varying fees depending on the coin you trade. The standard fees at Bitstamp range from 0.14% to 0.50%.
The Bitstamp platform suite offers an excellent trading experience. It has both beginner and advanced features. Account-holders receive access to a top-rated mobile app available on Android and iOS.
03. Coinbase: Best Exchange With An Excellent Reputation
Coinbase is a popular cryptocurrency exchange with secure platforms. It offers reliable buy, sell and exchange solutions for both beginners and professionals. Coinbase has a comprehensive portfolio with access to 100 coins and fast trade execution.
This exchange offers access to an advanced crypto exchange platform, Coinbase Pro. It is a good fit for professionals, and it comes with a lower fee structure than the standard platform.
04. Kraken: Best Exchange For Trading Bitcoin
Kraken is a secure exchange with a long track record in the industry. It offers the best safety protocols available and focuses on protecting users’ funds. It is a top choice for experienced crypto traders. Kraken offers margin and futures trading and competitive trading costs.
This exchange has a modern proprietary platform. It offers different order types, quick buy features, and excellent learning tools. The Kraken mobile app offers all the tools and services from the web version.
05. CEX IO: Best Crypto Trading App In Germany
CEX IO is a top exchange with a good coin selection, collateral loans, and professional features. It offers 93 different crypto coin classes. CEX IO has great availability worldwide, cross-platform trading service, and professional tools.
CEX IO has high trading costs. Deposits have a 2.99% fee, while withdrawals have a 3% fee. We recommend this exchange for intermediate and professional traders.
How To Select A Crypto Exchange?
To select a crypto exchange, you need to consider the following aspects: platforms, apps, trading costs, assets, deposits & withdrawals, customer service, safety, and liquidity.
Fees: You should choose a crypto exchange that doesn’t have high fees on trades, overnight commissions, or hidden costs.
Trading Platforms: We recommend you consider an intuitive trading platform. Search for a fast executing and easy-to-use exchange.
Mobile Trading: Apps should offer the same trading experience and tools as their web versions.
Deposits & Withdrawals: Managing your funds need to be straightforward. Select an exchange with access to many funding options with competitive fees.
Assets: Asset coverage is essential when trading crypto. Crypto exchanges that don’t offer leading altcoins should be avoided.
Customer Support: All traders need access to reliable customer support. We recommend you select an exchange with knowledgeable support available in your language.
Liquidity: The best guarantee you will sell your crypto assets is using a platform with high trading volumes.
Security: Choose a regulated exchange with a good reputation, a clean history record of hack attacks, and industry-leading safety protocols.
*Safety Risks For German Citizens
Trustworthy cryptocurrency exchanges for German citizens are government-regulated and have a trading license. Larger crypto exchanges have a banking history.
Regulation Of Cryptocurrency Exchanges In Germany
The regulation of cryptocurrency exchanges in Germany is within the scope of the German Federal Financial Supervisory Authority (BaFIN). BaFin manages all financial activities, including crypto trading. Exchanges offering cryptocurrency trading services in Germany need to request a license from BaFIN.
Is Cryptocurrency Trading Legal In Germany?
Cryptocurrency trading is legal in Germany. The tax office in Germany sees cryptocurrencies as private money for tax purposes. Crypto coins are subject to taxation depending on the gains you achieve.
How To Crypto Trade With – Binance
Binance is a large global exchange with advanced trading platforms and a secure trading app. It offers a transparent fee structure, bonuses, and rewards for account holders. Here are the steps you need to follow to trade crypto coins with Binance.
Step 1: Access the Binance official website
Go to the Binance official website under this link here – https://www.binance.com/en.
Step 2: Click on the “Register” button
Click on the “Register” button and choose a method to open a new account: with an email, phone number, Google Account, or Apple ID.
Step 3: Verify your account
You’ll receive an email from Binance with a request to verify your account. You’ll have to submit a copy of your official ID and personal information. This will activate your account and allow you to buy, hold, and sell cryptos.
Step 4: Buy cryptocurrencies
You don’t have to buy the whole crypto-coin to own it. You can start by buying, holding, or selling fractions of a crypto asset.
We recommend Binance as the best cryptocurrency exchange in Germany. It has advanced crypto trading platforms, a valuable trading app, and access to many bonuses and rewards. Bitstamp comes in second place because of its excellent reputation and user-friendly services.
What Is A Centralized Exchange?
A centralized exchange is a private provider with access to a cryptocurrency trading platform. It is a secure exchange that follows strict rules and requests verification under the Know Your Customer rule.
What Is A Decentralized Exchange?
A decentralized exchange (DEX) refers to a provider that offers crypto exchange services but has no central control point. It functions as a server, and it keeps an exact copy of the whole exchange on different devices. DEXes work with an “automated market maker protocol.” These exchanges rely on user-contributed liquidity pools and are risky. DEXes don’t need a central trading desk.
Is Swapping Crypto Taxable In Germany?
Crypto traders in Germany won’t pay tax on sales of a digital coin if they hold that coin for more than one year.
How To Open A Cryptocurrency Exchange Account?
Cryptocurrency exchanges have you set up an online account and submit proof of identity. This verification process includes checking your identity with a third-party application or submitting a picture of your ID.
How Much Is Crypto Taxed In Germany?
Germany has different crypto taxes depending on your trading volume. If the total profit from a transaction in the calendar year was less than 600 Euros, you wouldn’t be charged a tax.
Is There A Bitcoin ATM In Germany?
Yes, Germany has many Bitcoin ATMs. For example, you can find a machine at Lange Str. 56, 76530 Baden-Baden. Trading Bitcoin in Germany is a popular activity with crypto enthusiasts.
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
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.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Past performance is not an indication of future results. Cryptoassets are volatile instruments which 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.
- 1 Top 5 Crypto Exchanges In Germany
- 2 Best Crypto Exchanges In Germany – List
- 3 How To Select A Crypto Exchange?
- 4 Conclusion