How can I buy crypto currency in Germany

Buy cryptocurrency - these options are there

Bitcoin, Bitcoin Cash, Litecoin, Dash, Libra, Verge and Ethereum - the list of crypto currencies is getting longer and longer. Investors now have a wide range of opportunities to participate in crypto currencies. Which purchase option is best for you as an investor? How can you participate in the development of Bitcoin, Ripple, Ethereum and Co. without owning real coins? In this guide we have summarized the advantages and disadvantages of various options.

Buy crypto currencies: Steep price increases, more and more crypto currencies on the market

Cryptocurrencies are believed to have great potential. You have the chance to revolutionize various industries and completely change the way we pay. With the crypto currencies Bitcoin, Ethereum and Co., it should be possible in the future to pay anonymously and without the intermediary of banks or other financial institutions. Bitcoin and Co. are particularly in demand: Those who invested in crypto currencies at the right time in the past have been able to build up a considerable fortune to this day.

In the following, we will discuss how investors can benefit from the performance of various crypto currencies and which options to buy crypto currencies can be really worthwhile.

The easy way: trade the various crypto currencies as CFDs

A particularly convenient way of participating in the performance of crypto currencies is to buy crypto currency CFDs. No matter which crypto you want to trade with, CFDs offer very quick access.

What is a crypto CFD? You can think of a CFD as a security. As an investor, you participate directly in the development of the price of the crypto currency, but you do not physically own the digital currency. If the crypto currency of your choice rises, your CFD rises too. With CFDs, investors can even use leverage. With leverage with a factor of 15, for example, the CFD falls or rises 15 times as much as the price of the crypto currency. Participation in a ratio of 1: 1 is of course also possible.

If you want to buy or sell cryptocurrencies as CFDs, you can do so at, for example Plus500 to do. The account opening is particularly quick here, you can deposit your money by credit card or PayPal. You can of course also use any other CFD broker of your choice. A CFD broker comparison or comparison of crypto brokers will help you in your search for the right provider.

You can buy cryptocurrencies from this provider

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  • Account opening in 15 minutes.
  • Payment by credit card or PayPal possible.
72% of retail investor accounts lose money when trading CFDs with this provider.

Our recommendation: CFDs are a very easy way to participate in the performance of various cryptocurrencies. The account opening is quick and easy. Just keep in mind that CFDs are speculative financial instruments. The prices of cryptocurrencies have been very volatile in the past. Therefore only ever trade with money that you can bear to lose.

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Buy cryptocurrencies as a certificate

You can also participate in the performance of various crypto currencies with the help of certificates. With a certificate, you participate in the performance of the underlying asset. You can easily buy certificates with the help of a securities account. Just look for a suitable product and open a cheap securities account. Then you can acquire the certificate of your choice via direct trading or a stock exchange trading platform.

Various issuers now offer certificates on crypto currencies. For example, at Vontobel you can find open-end certificates on Bitcoin (ISIN DE000VL3TBC7 / WKN VL3TBC), Bitcoin Cash (ISIN DE000VL99BC4 / WKN VL99B) or Ethereum (ISIN SE0010296582 / WKN A2HDZ2). You can also buy mini-futures on crypto currencies from Vontobel.

Our recommendation: The purchase of certificates is easy to implement and works in the classic way via your securities account. When trading certificates, be aware of a possible issuer and currency risk.

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How to Buy Real Cryptocurrency

Many crypto currencies, for example Bitcoin or Ethereum, are based on so-called blockchain technology. The blockchain is a digital and forgery-proof storage medium, all crypto transactions are recorded here. Every user can access the blockchain from anywhere.

So if you physically purchase a cryptocurrency, this transaction is recorded in the blockchain, and a control or intermediate instance such as the bank is no longer necessary. The transaction of the crypto currencies can take place completely anonymously against this background.

We recommend the physical purchase of crypto currencies, especially for investors who want to trade anonymously. You have various options to buy the individual crypto currencies as digital coins. You always need a so-called wallet to buy "real" crypto currencies. A wallet is a digital purse that works in a similar way to a checking account. In this wallet, you save the crypto currencies. The use of the wallet differs depending on the choice of crypto currency. You need a separate wallet for many cryptocurrencies.

Our recommendation: Before setting up a wallet, think about how you want to use it. Which cryptocurrencies are worth investing in for you? On which device do you want to access your wallet? There are special wallets for smartphones and tablets or PCs and notebooks. Make sure you choose a strong password to protect your digital wallet from hackers. Before each transaction you have to enter your password for authentication.

You can buy cryptocurrencies in a number of ways, the two most common ways are:

Buy cryptocurrencies through a crypto marketplace

One way to buy crypto currencies online is through so-called crypto marketplaces. On these platforms you can exchange digital currencies for cash with other crypto fans and investors and choose a suitable offer yourself. The price is determined by supply and demand - therefore always compare different market places to identify the best purchase price.

The best-known marketplace in this country is called bitcoin.de, where you can also physically buy other digital currencies in addition to Bitcoin. For trading cryptocurrencies on a marketplace, operators often charge a small fee if the deal is successful. This fee is divided equally between buyers and sellers.

Our recommendation: Marketplaces offer an easy way to physically buy Bitcoin, Ethereum and Co. But be sure to compare different purchase options and plan a few days to open an account with a crypto platform.

Buy cryptocurrencies through crypto exchanges

There are now a wide variety of crypto exchanges for all digital currencies, and trading here works in a similar way to buying funds or shares via stock exchange trading locations. The best-known trading exchanges for crypto currencies include CEX.IO, Bitstamp, Paymium and Kraken. The exchanges often offer payment by credit card. The prices of Bitcoin, Bitcoin Cash, Ripple, Litecoin or Ethereum can also differ significantly from one another on the stock exchange. You should therefore also compare your purchase options here.

In contrast to crypto marketplaces, trading on crypto exchanges is automated, while trades are processed manually on a marketplace.

With this provider you can buy crypto currencies "

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  • Account opening in 15 minutes.
  • Payment by credit card or PayPal possible.
72% of retail investor accounts lose money when trading CFDs with this provider.

Conclusion: your options with crypto currencies

In this guide we have shown you different ways in which you can buy crypto currencies. Participation in crypto currencies is particularly easy with the help of CFDs or certificates. Anyone who values ​​anonymity should buy real crypto currencies physically. Depending on your investment preferences, you can trade crypto currencies on crypto marketplaces or on crypto exchanges.

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Note: Our advice articles are objectively researched and independently created. Clicks on links are sometimes paid for so that you can read our information free of charge.

Note on Plus500: Your capital is at risk. Plus500UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909). 72% of retail investor accounts lose money when trading CFDs with this provider.

Note: CFDs are complex instruments and because of the leverage they have, they carry a high risk of losing money quickly. Between 72% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.