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Review bitcoin.de – instruction for safely purchasing Bitcoin, Cash, Gold and Ethereum

Our detailed experiences with Bitcoin.de and comparison of alternatives: Bitcoin.de vs. Coinbase vs. Litebit vs. Anycoindirect vs. Bitfinex.


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Review bitcoin.de – instruction for safely purchasing Bitcoin, Cash, Gold and Ethereum (c): Bitcoin.de Screenshot

22.12.2017

With more than 450,000 customers marketplace Bitcoin.de is the biggest crypto-exchange in Europe. Compared to many other providers you do not directly purchase from the website operator: Bitcoin.de only makes the platform available, on which everyone can sell or buy Bitcoin or Altcoin. Particularly high security level, support of hard-forks and express trading make this platform something special.





Summary: Bitcoin.de at a glance

  • on the market since 2013
  • low commission: 0.4% of trading volume
  • supported languages: English, German, French, Spanish, Italian (additional languages via integrated Google-translator)
  • high security level due to Cold Wallets, 2-factor-authentication and external evaluators
  • easy purchase via express trading with Fidor bank account since 2015
  • extensive verification needed

Bitcoin Deutschland Inc. stands behind Bitcoin.de which is a 100 percent subsidiary of Bitcoin Group SE. According to Focus-Money (37/2017) the present market value is 152.9 million euros; this value is has risen again by a few millions, because since July 2017 company’s share has increased tenfold from 8 euro to about 80 euros. Whoever considers purchasing too risky can alternatively think about buying stocks of the company.

According to Bitcoin.de 12,000 new customers are recorded every month. The run on secure market places is unbroken and this is why Bitcoin.de benefits as a first mover in this area.
Bitcoin.de Inc. keeps 3,209 Bitcoins for itself (same amount of Bitcoin Cash and Bitcoin Gold) in the portfolio – on one hand a trust-building activity, on the other hand you benefit from rising exchange rates.


Registration and first steps to purchase

Step 1: enter your data

The registration on Bitcoin.de* is very easy and can be executed by providing your username, email and password as well as making five ticks.

Bitcoin.de Test © "Bitcoin.de Screenshot"

Step 2: confirm your e-mail

Afterwards Bitcoin.de sends an e-mail with a confirmation link to the address just selected. Click on the link to complete the registration.


Note:
It is possible that the e-mail ends up in the spam filter! Check here, too, if you think you have not received the e-mail.

Step 3: sign in again

Now login with your username or your e-mail address and your password!

Step 4: login via login-TAN

The next window expects you to enter a login TAN that has just been sent by e-mail. The login TAN consists of a combination of numbers and letters. Just copy and paste it on Bitcoin.de.

Bitcoin.de Test © "Bitcoin.de Screenshot"

Step 5: personal information

As part of the know-your-costumer principle Bitcoin.de now requires some personal information from us. These are to be provided truthfully, also because the information will be checked later to unlock higher limits.
The provided information can be changed later only for justifiably individual instances (relocation, changing your name due to marriage, etc.). For unlimited trade, identification (e.g. using PostIdent) is solely made on the basis of the data entered here.
Then click on "save":

Bitcoin.de Test © "Bitcoin.de Screenshot"

Step 6: verify your mobile number

The address has been updated successfully.
In order to trade on Bitcoin.de, you must now verify your mobile number. Enter the SMS you just received with an activation code:

Bitcoin.de Test © "Bitcoin.de Screenshot"

Step 7: verify your bank account

Select “settings under "my Bitcoin.de" and then"bank account":

Bitcoin.de Test © "Bitcoin.de Screenshot"

Now you have to make an important decision: which bank account can I register? What is Fidor bank?
Keep in mind: first you can provide an already existing account and also set up a Fidor account, which can later be replaces by a previous account. Brief explanation of the options:

Bitcoin.de Test © "Bitcoin.de Screenshot"

Option 1: Activating your existing account
Here you can specify an already existing bank account. After activation, purchases using SEPA transfer are possible.
If you like to set up an existing reference account, IBAN and BIC must be entered in the next window, the name and the name of the bank are already entered.

 

Option 2 and our tip: activate a Fidor account
Bitcoin.de collaborates with Fidor bank. This is a standard commercial bank, reliable and having a banking license.
The advantage of activating and connecting a Fidor account is that later so-called express trading is enabled: if buyers and sellers have a Fidor account, Bitcoin can be exchanged for euros without any delay. That is a huge advantage and very comfortable!
If you choose this option, you will be directly redirected to the Fidor bank website. The account setup is also done in a few minutes. For verification it is sufficient to make a short call either browser-supported via webcam or via smartphone camera.


Note: due to high demand, there may be delays at the moment. You should try it in the early morning or late evening hours.


Congratulations! The first steps are now completed!

Bitcoin.de Test © "Bitcoin.de Screenshot"

 

Security settings after registration: 2-factor-authentication

However, to get started we highly recommend that you set up some more security settings and go through the verification.
To increase the security of the account (and to increase the effectiveness compared to the login TAN procedure), we recommend the setup of a 2-factor authentication under

my Bitcoin.de »settings» security & login »2-factor authentication

Here you have three options:

  • device (e.g., smartphone) with a one-time password generator (e.g., Google Authenticator)
  • a Yubikey or
  • a password table

We recommend the one-time password generator, since for the process you need an mTAN of the already registered mobile number in any case. Bitcoin.de delivers a nice illustrated introduction for Google Authenticator on Android and Apple devices. Therefore, we are concentrating on the procedure on Bitcoin.de:

Step 1 of the 2-factor authentication: synchronizing time

Make sure that the time of the smartphone is set up exactly or is being synchronized via the network operator.

Step 2 of 2-Factor Authentication: scanning QR Code

For this, install the App "Google Authenticator" on your smartphone and start it. In the app, touch the plus icon and select "scan barcode". The barcode displayed on Bitcoin.de must be within the red lines of the mobile phone image – only seconds later, Bitcoin.de is added to Google Authenticator's one-time password list.

On Bitcoin.de make sure to write down the displayed letter- and number-sequence under "code / key"! In case of losing the smartphone, the 2-factor authentication can be restored. Just click on the red plus icon and then choose “enter key” in the Google Authenticator app of the new device.

Step 3 of the 2-factor authentication: completion using mTAN

As a last step you can send an mTAN to the deposited mobile phone number. This completes the setup of the 2-factor authentication.

Bitcoin.de Test © "Bitcoin.de Screenshot"


Further settings under "security & login"

In addition, further settings can be set up in the "security & login" area:

  • change Password
  • read-only access
  • login restrictions: restriction to certain countries, depending on the IP address
  • automatic logout: between 5 and 60 minutes
  • PGP encryption for signing and encrypting e-mails

Conclusion concerning security on Bitcoin.de: is Bitcoin.de secure?

In our opinion, security is the most important aspect for the providers of Bitcoin.de:

  • according to own data more than 98% of the Bitcoin customer deposits on Bitcoin.de are stored offline. As seen above, Bitcoin Deutschland AG's own Bitcoin deposit exceeds the remaining 2% of Bitcoins by far; these Bitcoins are regularly provided on the servers for customers' payment requests.
  • Bitcoin holdings are regularly evaluated by a German public accountancy firm appointed by public law.
  • until Bitcoins are paid, the customer funds always remain in their deposit-insured bank account. These are covered by the statutory deposit insurance (100.000 € per private person and bank in the EU).
  • as described above the security settings are very high. 2-factor authentication is an important standard and access can be effectively controlled through IP management or read-only access.
  • All Bitcoin.de servers are located in secure data centers in Germany.

 

Our evaluation:
Bitcoin.de could not do much more in terms of security. In our opinion, this is a safe, European marketplace for the most important crypto-currencies Bitcoin and Ethereum as well as some Bitcoin hard fork offshoots. We have been trading on Bitcoin.de for a few years and have not been able to detect any discrepancies or problems so far. We have not experienced any hacker attacks on the platform either.

 

Is Bitcoin.de reliable?

Yes, Bitcoin.de is reliable.
The site is doing a lot for this:
Bitcoin.de is the first and only Bitcoin exchange worldwide with certified Bitcoin customer portfolios by a publicly-certified German auditing firm. Last auditing took place on 4th September 2017, the next on is scheduled for September 2018.
IT-systems and processes of Bitcoin.de are also checked regularly by external companies.
Customer service usually responded very quickly to inquiries and the answers helped us.
The reliability of Bitcoin.de is also underlined by the awarding for reporting bugs (bug bounty). So Bitcoin.de is interested in a user-friendly and secure platform that should work in the long term.

Therefore you should not hesitate with a registration on Bitcoin.de*. Try it out yourself!

What are the charge fees on Bitcoin.de?

The most important thing in advance: there is no one-time or permanent fee for registration on Bitcoin.de! So there are no fees charged for registration or on a monthly basis!

Since Bitcoin.de is a marketplace - the crypto currencies are not sold by the operators of the website, but by private sellers - there is no single or rather standard price for Bitcoin, Bitcoin Cash or Ethereum on the site.
Instead each seller can set any price independently. The site operators earn proportionately per trade volume:

Marketplace fee for trading of crypto-currencies

  • 0.8% when using express trading (instructions for purchase: see below)
  • 1.0% when using SEPA trading (instructions for purchase: see below)

The brokerage commission (= marketplace fee) is equally shared by buyers and sellers, i.e. ultimately, the fee is 0.4% for express and 0.5% for SEPA trading.

The buyer will pay the agreed amount to the seller minus half of the marketplace fee. Bitcoin.de then credits the buyer the agreed amount of the respective crypto currency minus the full marketplace fee. The resulting amount and the corresponding amount of the crypto-currency will be displayed under "my purchases" or "my sales".

Our evaluation:
The marketplace fees charged by Bitcoin.de are mid-table compared to other crypto exchanges! Here you get a brief overview:

 

Bitfinex.com* (our test ): 0.2 % (Taker)

Coinbase.com* (our test ): 1.49 %

Bittrex.com: 0.25 %

When trading via trading API, there is a kickback of up to 25% on the marketplace fee.

Network fees for transferring crypto-currencies

The displayed fee per payout is based on the actual fees charged by the network of each crypto-currency. Since the fees change regularly, the payout fee for the customer is also regularly adjusted.

Bitcoin Deutschland AG only passes on the network fees and does not earn it. The collected fees are paid to the respective miner, who processes the transactions and adds a new block to the blockchain of the respective crypto-currency.

The preset fee can also be adjusted by the user.

Attention: if you set the network fee too low, it may occur that a transfer is processed only after a long time. At worst it will only be processed after all transfers with higher network fees have been completed.

The minimum amount for the payment is the equivalent value of 30 euros.

Is Bitcoin.de expensive?

Actually Bitcoin.de is cheaper than international competitors.
There are two reasons for this:
1st reason: in comparison to the prices of crypto exchanges that are based in Asia or America, the German and European prices are often below the international average. This means: on Bitcoin.de you can often save a few percent.

2nd reason: since Bitcoin.de is a marketplace on which the operator only gives the opportunity to trade without trading himself, supply and demand determine the price. Compared to pure broker crypto exchanges like LiteBit.eu* (our test ), therefore Bitcoin.de* is comparatively cheaper!

Buying Bitcoins, Bitcoin Cash and Ethereum on Bitcoin.de: using express trading and Fidor bank

Since Bitcoin.de is a marketplace - the crypto currencies are sold not by the operators of the website, but by private sellers, there is no single or standard price for Bitcoin, Bitcoin Cash or Ethereum on the site.
On the contrary, each seller can independently set any price.
The purchase of all three crypto-currencies works alike! Thus we take a closer look at the purchase of Bitcoin:

Step 1: register a Fidor account

Bitcoin.de collaborates with the Fidor bank. This is a standard commercial bank, reliable and authorized through a banking license.
The advantage of setting up and linking a Fidor account is, that later so-called express trading is enabled: if buyers and sellers have a Fidor account, Bitcoin can be exchanged for euros without any delay. That is a major advantage and it is very comfortable!

If you choose this option, you will immediately be redirected to the Fidor bank website. The account setup is also completed within a few minutes. For verification it is sufficient to make a short call, either browser-supported via webcam or via smartphone camera.

Note: due to high demand, there may be delays currently. It might be best trying it in the early morning or late evening hours.

Step 2: connect Bitcoin.de to your Fidor account

In order to use express trading, your Fidor account must be connected to Bitcoin.de. For this click on "my Bitcoin.de", then on "settings" and after that on "bank account":

Bitcoin.de Test © "Bitcoin.de Screenshot"

In the next window click on "click here to activate existing Fidor bank account:

Bitcoin.de Test © "Bitcoin.de Screenshot"

In order to activate your Fidor bank account, it is necessary to grant Fidor Bank AG the permission, that Bitcoin.de can access your bank data via the "Fidor API" (online connection to the banking system) or by other electronic means. This process is also called "Fidor Connect".
Please note that the account holder of the bank account at Fidor must be the same as the account holder on Bitcoin.de.

For this you must log in to t Fidor Bank after clicking on "Activate Fidor Bank Account" and then you have to grant the already mentioned permission.

Bitcoin.de Test © "Fidor.de Screenshot"

This process only takes a few seconds and must be confirmed on Fidor.de via mTAN.

Step 3: reserving credit

In order to be able to carry out this step, you are expected to have at least 100 euros in your deposit in the Fidor account!

If this is the case, please click on "express trade" under "my Bitcoin.de". Here you have to choose a certain amount of euros (at least 100 euros) as well as the duration of the reservation (at least 1 hour).

Bitcoin.de Test © "Bitcoin.de Screenshot"

After clicking on "start reservation" you have to - if not already done before - register on the Fidor website and confirm the reservation via mTAN.

Done!

Step 4: making an express purchase
Now, you are three clicks and one number away from your Bitcoin purchase!
Click on the Bitcoin.de logo on the top left to get to the marketplace.

Bitcoin.de Test © "Bitcoin.de Screenshot"

In the left half of the screen you can see the current purchase offers. The cheapest offer is always at the top.
In the left column you can see total purchase quantity and in the brackets next to it you can see the minimum quantity that has to be bought from the provider. Think about how much you can afford at one fell swoop!
The left of the two green symbols under additional info is also important: here you can only purchase express trading, since the offerer possesses a Fidor account as well.

Now a little bit of speed is essential: click on "BUY" in the right column. In the next window you can now enter the desired quantity of Bitcoin and afterwards you click on "buy now with reserved credit".
After a short loading screen the overview of your recent purchase pops up!

Congratulations! The purchase using express trade worked!

Important note:

 

  • the separating character for decimals is a comma - not a dot!
  • if an error message appears after clicking on "buy now with reserved credit" it is because you were too slow: another buyer was faster than you! Try again with another offer!

 

Buying Bitcoins, Bitcoin Cash and Ethereum on Bitcoin.de: using SEPA transfer/trading

Since Bitcoin.de is a marketplace - the crypto currencies are not sold by the operators of the website, but by private sellers -, there is no standard or fixed price for Bitcoin, Bitcoin Cash or Ethereum on the website.
On the contrary, each seller can independently set any price.
The purchase of all three crypto-currencies works alike! Therefore we take a closer look at the purchase of Bitcoin:

Click on the Bitcoin.de logo on the top to get to the marketplace.

Bitcoin.de Test © "Bitcoin.de Screenshot"

In the left half of the screen you can see the current purchase offers. The cheapest offer is always at the top.

In the left column you can see the total amount that can be purchased and in brackets directly next to it you can see the minimum quantity that has to be bought from the provider. Think about how much you can and would like to afford in one fell swoop!
It is also important to take a closer look at the "additional info": with SEPA transfer you can only buy if with the green symbol on the right side is listed - the left of the two symbols means that purchasing is only possible by using express trade (see above). The same icon, but in blue colour, means that the offer can be purchased via express trade or SEPA standard transfer.

Bitcoin.de Test © "Bitcoin.de Screenshot"


Now a little bit of speed is essential: click on "BUY" in the right column. Now, in the next window you enter the desired quantity of Bitcoin and afterwards you click on "buy now".

Bitcoin.de Test © "Bitcoin.de Screenshot"

Further payment instructions are given on the next page.
Congratulations! The purchasing using SEPA trading has worked!

Important note:

  • the separating character for decimals is a comma - not a dot!
  • if an error message appears after clicking on "buy now with reserved credit" it is because you were too slow: another buyer was faster than you! Try again with another offer!

Moreover, keep in mind when using SEPA trading:

  • making and confirming the payment by the buyer: 60 minutes
  • confirmation of receipt of payment by the seller: 36 hours
  • minimum quantity for placing an offer and selling it on the market: 60.00 euros

 

Support of Bitcoin Cash on Bitcoin.de?

Already before the Hardfork of Bitcoin to Bitcoin Cash on 8th August 2017 Bitcoin.de had announced to spend the same amount of Bitcoin Cash equivalent to Bitcoin.
So, if you had Bitcoin on Bitcoin.de on 1st August 2017, you were also credited Bitcoin Cash.

As mentioned above, a short time later, trading Bitcoin Cash as well as deposits and withdraws were allowed.

Our evaluation:
A great service by the operators of the site! Many other large and international crypto exchanges were not that accommodating and withheld Bitcoin Cash from their customers instead!

Support of Bitcoin Gold on Bitcoin.de? Possibility of purchase?

Like Bitcoin Cash, Bitcoin Gold (here a detailed report from us ) was created by a hard fork. It took place on 25th September 2017. Whoever was keeping Bitcoins on Bitcoin.de that date, received Bitcoin Gold to the same amount!

According to Coinforum.de they will decide in the course of November, if and when a trade for "Bitcoin Gold" (BTG) is offered on Bitcoin.de. However, this decision has not been made yet (as stated in mid-December 2017). Latest updates: see here.

 

Our evaluation:
We expect Bitcoin.de offering Bitcoin Gold trading since BTG is part of the top10 crypto-currencies (compared corresponding to market capitalization). Probably more intended hard forks of Bitcoin are one of the reasons for discussing how to deal with Bitcoin Gold in order to avoid taking more free riders every few months and thus diluting the quality of the offer (we reported here).

Evaluation of purchasing on Bitcoin.de: our conclusion

Bitcoin.de* is rightly a large and well-established crypto exchange. Multilingualism, uncomplicated and uncompromising support of hard forks distinguishes the marketplace in terms of customer service.
The setup - especially for express trading - requires a little patience and a few days during periods of higher demand for until the verification process is completed.
But you get a fast possibility of buying, a clear layout, very high security standards and, compared to international competitors, cheap prices.

It is a first-class crypto exchange and suitable for beginners, advanced and professionals as well!

Our comparison of other Bitcoin exchanges: what are the alternatives?

Comparing Bitcoin.de vs. Coinbase

Coinbase buy Ethereum © "coinbase.com Screenshot"

Comparing Bitcoin.de* with Coinbase* (here you can find our detailed test ), there are some similarities, but many differences as well. Although both providers can deposit, receive and send crypto currencies, Coinbase is not really a marketplace like Bitcoin.de; it is more like a web wallet. For example, on Bitcoin.de only deposits exceeding a certain amount in the Bitcoin.de wallet will be sent (as stated mid-December 2017: starting from 30 €), on Coinbase there is no minimum payout. While Bitcoin.de obviously focuses on the trading of crypto currencies, Coinbase is intended for storage. The purchase on Coinbase is centrally organized, so Coinbase acts as a broker while Bitcoin.de only offers the platform for the trading of its users without being a participant. Both approaches reveal some advantages but also disadvantages:


Advantages of Bitcoin.de compared to Coinbase (= disadvantages of Coinbase):

The fees which Bitcoin.de* charges for a purchase or selling transaction are lower than on Coinbase.

Due to the fact that Bitcoin, Ethereum or Bitcoin Cash can be traded with other market participants, the prices can be cheaper than using direct purchase via Coinbase.

If you connect the Bitcoin.de account to Fidor bank, you can quickly buy crypto currencies to favorable conditions without having to deposit money on Bitcoin.de in advance (unlike SEPA bank transfer on Coinbase).


Disadvantages of Bitcoin.de compared to Coinbase (= advantages of Coinbase):

The purchase of crypto-currencies works through a trading system, thus it can take longer than on Coinbase to buy your first currencies. On Coinbase you can directly buy from Coinbase after a successful verification.

The verification process on Bitcoin.de is significantly more complex, so that your first Bitcoin, Ethereum or Bitcoin Cash can be purchased only after a few days. In order to buy your first crypto-currencies immediately, we recommend Coinbase and purchasing via credit card. Anyone who uses our link gets $10 of Bitcoin when purchasing $100: Coinbase*.

Bitcoin.de offers only the payment methods bank transfer or express purchase via Fidor bank account. For a faster purchase, easier payment methods are not available, for example credit card or PayPal (which is not available for the purchase of crypto currencies on Coinbase either).

Bitcoin.de does not provide extensive, integrated web wallet functions. So if you do not have a separate wallet yet, you should get one. On Coinbase, the web wallets for Bitcoin, Ethereum and Litecoin already offer a good standard functionality and security features. For a larger amount, however, a secure wallet (hardware wallet) should be used instead, such as the Ledger Nano S* or Trezor-Wallet*.

Comparing Bitcoin.de vs. LiteBit

Bitcoin.de Test © "LiteBit.eu Screenshot"

Compared to LiteBit.eu* (here you can find our detailed test ) you can also recognize some similarities as well as differences. Customers of LiteBit buy directly from the provider, not from other users, so in this regard it can be compared to Coinbase. Coinbase is ahead of of both crypto exchanges as far as credit card payment is concerned; unfortunately, neither LiteBit.eu nor Bitcoin.de accept payment via PayPal. The verification process is rather complicated for both providers. But security features of both platforms are very high! The platforms have their advantages but also their disadvantages:

 

Advantages of Bitcoin.de compared to LiteBit.eu (= disadvantages of LiteBit.eu):

The fees on Bitcoin.de* are lower than on LiteBit.

Because of supply and demand, the prices are almost always cheaper than for a direct purchase via LiteBit.

If you connect your Bitcoin.de account to Fidor bank, you can quickly buy crypto-currencies for favorable conditions; therefore express purchase is an obvious advantage.

 

Disadvantages of Bitcoin.de compared to LiteBit.eu (= advantages of LiteBit.eu):

On LiteBit.eu byou can buy Bitcoin, Bitcoin Cash, Ethereum and 47 Altcoins! This range is neither offered by Bitcoin.de nor by Coinbase.

LiteBit allows payment via MyBank (worldwide), SEPA and SOFORT (all over Europe), GiroPay (Germany, Austria) as well as iDeal (only in the Netherlands) and Bancontact (Belgium only). So, there is a wider range of payment methods even if we lack credit card and PayPal (as well as Bitcoin.de).

Due to the fact that there is no express purchase possible, crediting of the purchased coins takes a few days, at least via SEPA payment.

LiteBit.eu does not offer a web wallet for all Altcoins. So with your first purchase you already have to indicate an address, on which the new coins can be transferred. This is the case for half of all coins on offer - so you need an alternative deposit. For a larger amount, as mentioned above, we recommend using a hardware wallet, such as the Ledger Nano S* or Trezor-Wallet*.

Comparing Bitcoin.de vs. Anycoindirect

Bitcoin.de Test © "Anycoindirect.eu Screenshot"

A brief comparison between Bitcoin.de and anycoindirect.eu* (a detailed test is yet to come).

 

Advantages of Bitcoin.de compared to Anycoindirect.eu (= disadvantages of Anycoindirect.eu):

Both the fees and purchase on Bitcoin.de* are cheaper than on Anycoindirect.

An advantage of the just mentioned aspect: arbitrage trading. In principle, you could buy cheap on Bitcoin.de and sell dear on an international level at the same time.

If you connect your Bitcoin.de account to the Fidor bank, you can quickly buy crypto-currencies for favorable terms; therefore express purchase is an obvious advantage.

 

Disadvantages of Bitcoin.de compared to Anycoindirect.eu (= advantages of Anycoindirect.eu):

As the name implies, Anycoindirect has a larger range than Bitcoin.de, but not that extensive. With more than 13 Altcoins, the site ranges beneath the portfolio of Bitfinex (see next comparison).

Without further verification, Anycoindirect coins worth $100 can be purchased.

Bitcoins and other crypto-currencies can also be exchanged for euros.

Anycoindirect also offers some other payment methods, such as instant bank transfer.

Comparing Bitcoin.de vs. Bitfinex

Bitfinex-Test © "bitfinex.com Screenshot"

You should also briefly compare Bitfinex.com* (here our detailed test ) with Bitcoin.de. Bitfinex is the world's largest crypto-exchange, so a reputation must be defended here. Despite some positive aspects, Bifinex is not perfect either.
First of all, even Bitfinex does not offer any credit card payment or PayPal. In addition, the verification process for both providers is rather complicated. Bitfinex still takes the lead (see below). Security of both platforms is very high! In addition, both platforms also reveal their own advantages and disadvantages:

Advantages of Bitcoin.de compared to Bitfinex (= disadvantages of Bitfinex):

Bitcoin.de* charges are higher than those of Bitfinex, but Bitcoin.de is usually much cheaper than Bitfinex. This is because of another reason: Bitcoin & Co's price jumps take place on the Asian market (Bitfinex’s ‘home) and reach Europe / Germany with some delay. Therefore, the purchase on Bitcoin.de can be cheaper.

An advantage concerning the latter aspect: arbitrage trading. Arbitrage trading. In principle, you could buy cheap on Bitcoin.de and sell dear on an international level at the same time.

If you connect your Bitcoin.de account to the Fidor bank, you can quickly buy crypto-currencies for favorable terms; therefore express purchase is an obvious advantage.
You cannot directly buy on Bitfinex! The easiest way is to transfer Bitcoin to Bitfnex and exchange them for Altcoins (details in the test ).

Disadvantages of Bitcoin.de compared to Bitfinex (= advantages of Bitfinex):

Presently Bitfinex allows a completely anonymous trade: a verification is not required as long as you are only trading crypto-currencies. However, before depositing US dollars or (lately!) euros, you have to identify yourself using two ID documents. According to Bitfinex, this takes up to 3 weeks.

On Bitfinex you can buy/exchange Bitcoin as well as 20 Altcoins! This puts Bitfinex between Bitcoin.de or rather Coinbase and LiteBit.eu.

Bitfinex offers the opportunity to lend your own stocks. The easiest way is to use your Bitfinex-API and the free bot on Coinlend.org! We are preparing a detailed guide!

 

For secure storage, a hardware wallet (similar to a USB stick) is recommended at this point, such as the Ledger Nano S* or Trezor-Wallet**. A test is to follow soon.



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