Now, as Bitcoin has soared to more than $40000, people from many nations are trying to get their hands on it. From March 2020, Bitcoin has recorded a rise of 800 percent, which is completely a striking achievement. Numerous traders from Europe are now conferring on crypto betting as they know what it means to do it this year. The stock market is underperforming without giving some notable profits to the people within the continent. The coin with the largest market cap has reached every nuke and corner and Europe is no exception. Now, if anyone is looking for ways to buy Bitcoin in Europe, this article will offer great help.
So, How To Exactly Buy Bitcoin In Europe?
Here, I will consider that you are a genuine buyer who is willing to show identification while dealing with cryptocurrencies. We will look at the crypto exchange platforms that are available at their best within Europe. You always remain secure while dealing with cryptos from these places. I am now going to list down the exchanges from where and how to buy Bitcoin. So, here they are.
Top Crypto Exchange Platforms For Trading In Europe
This one is undoubtedly the best crypto exchange platform available for Europe. Coinbase has been an earth-shattering crypto player in the market since 2012. At present, it has millions of customers from all around the world and most of them arrive from the USA and Europe. I have also listed Coinbase in the first place because it is extremely easy to use. You can pay your euros to its account. After a few minutes, you have your cryptos in the wallet. Wait till the transaction gets completed. In case you are using a debit card, you have to give a minimum of 0.55 euros.
I think many Europeans will go for this platform as it comes up with trading volumes for euros. Kraken forever attracts thousands of customers every day to its platform. You just need a European account to make things easy with this crypto exchange. Initiate your deposits with SEPA fund transfers. If you are not comfortable with this method, you can go to the SWIFT banking network. Both of them work efficiently when it comes to transferring your funds. The minimum criteria you should meet with SEPA is one euro. In the case of Instant SEPA, transfers get credited in no time. Use any one of them and receive your Bitcoins.
ETORO has been there from the time cryptos took the world by storm. ETORO is somewhat unusual from the other platforms because it converges more on traditional fiat like ETFs and stocks rather than virtual assets themselves. In case you are looking for a comprehensive CFD facility, you can rely on this platform. Doing so allows you to be more in short-selling by utilizing the leverage at 1:2. You retain the benefit of 100% commission-free trading while dealing with this crypto exchange. Go for ETORO if you are looking for a place other than Coinbase and Kraken.
Why Not Buy Bitcoins Anonymously?
The EU regulations take strict controls of what’s going on when you purchase them anonymously. Because the world has encountered many money laundering cases earlier and that too with Bitcoins, the regulations vow to put an end to anonymity. Things have now reached an extent that even Local.Bitcoin.com is now dedicating itself to comply with AML5 regulations. For that, it is working on new sign-ups for the customers. It is not going to be easy if you buy Bitcoins anonymously. When trading with Bitcoin or any other crypto, prefer crypto exchange platforms.
The world of cryptocurrencies is booming and I am sure you want to make the most out of it. Coinbase, Kraken, and ETORO are your topmost destinations if you want to buy Bitcoin in Europe. Other platforms are also taking time to get popular. Till then, you can go for these successful ones in the market. Another thing you should remember is to choose the best crypto wallet. Cryptocurrencies can get stolen from time to time. At present, Electrum, Ledger Nano X, and Exodus are the top picks from the market for Bitcoins. Read online reviews on them and select the most suitable one.