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How to buy bitcoin in Germany

Germany
Bitcoin

Bitcoin is the world's first cryptocurrency. It was created in 2009, but only in the last few years became so popular for investment. The concept of cryptocurrency is to change a person's idea of the possibilities of storing savings and use a currency that will not depend on banks and the laws of countries. This became the main goal for bitcoin, as well as for the Ethereum, Tone and other tokens that emerged after it. Cryptocurrency completely eliminates inflation, it also assumes constant growth, which arouses the interest of many users and allows them to multiply their assets.

Germany is one of the first countries to launch legal regulation of cryptocurrencies. German laws do not prohibit the issuance, purchase, possession or trading of digital currencies (the same rules apply to gold, stocks, personal assets and utility tokens). However, blockchain companies must have a licence, and their income must be taxed.

You can buy bitcoin in Germany using the Itez service. The purchase can be made with a usual bank card and for the national currency. Read about how to do this in our instructions.

How to buy Bitcoin on Itez:
step-by-step instruction
1.

In order to buy bitcoin, it is not necessary to register on the Itez website. In a handy calculator, you can quickly calculate the cost of BTC based on the amount you plan to use for payment. The smallest purchase amount in dollar terms is 30 USD. By the way, the same applies to the euro - the starting purchase threshold starts at €30. Well, in our instructions, as promised, we will go through all the stages of purchase BTC for dollars step by step.

2.

After converting the currency to BTC, you will see the final result in the "You Get" field and on the "Buy" button. Click the button and enter your email address in the following window.

3.

Verify your email with a 6-digit code sent to the previously indicated e-mail and click the "Verify" button.

4.

Specify the purchase amount in the Itez dialog box. Copy the recipient address - your bitcoin wallet - from the “Accept” section.

Important: you should not manually copy the bitcoin wallet address. The blockchain system does not give any information about bitcoin addresses problems, and if an error occurs during manual entry, all the buyer's funds may be lost.

For example, this is how the copy address button looks like in the Exodus wallet:

5.

After copying the bitcoin wallet address, paste it into the dialog box.

Check your data — it is important to make sure that the address is entered correctly.

6.

After pushing the “Card details” button, enter the required card information: card number and expiration date, the cardholder name and CVC-code — three numbers on the back of the card.

7.

Push the “Pay” button and enter the one-time bank code in the following window. As soon as the transaction receives 6 confirmations in the blockchain network, your bitcoin wallet balance will be top-up.

Important: the transaction will wait for confirmations for time. After six network confirmations, bitcoin will be on your e-wallet; when buying with Itez it will take for about 15 minutes. This is a very good speed for the Bitcoin network since transactions in the most popular blockchain network are somewhat slower than in other networks due to its properties and high load.

8.

The transaction will first wait for confirmations from the blockchain network.

After six confirmations, the BTC networks will be yours for good; when buying from Itez, this will happen on average within 15 minutes.

This is a very good indicator for the Bitcoin network, since transactions are somewhat slower in the most popular blockchain network than in other networks, due to its design features and high workload.

Banks

Germany is an economically developed country with a high standard of living. The “calling card” of the country is the so-called “German quality”, which is also inherent in the German banking system. The country's financial institutions ensure stability at both the micro and macroeconomic levels.

There are about 750 banks in Germany, many of which have representative offices all around the world. The leaders of the German financial system are Bayerische Landesbank, Commerzbank and Deutsche Bank. In total, Germany has over four thousand bank branches.

Bank cards

In Itez, you can use the cards of any popular banks in the EU or Germany to pay. Debit and credit cards of the most widespread payment systems in the world are suitable for buying bitcoin. It is possible to use Visa, Mastercard, Maestro, American Express cards. You can make a payment for dollars, euros, rubles and other currencies.

How to store bitcoin

A significant feature of digital currencies is the excellent protection of information. You can store coins using special services – crypto wallets. With a private key and a passphrase that are automatically generated during registration, you don't have to worry about the safety of your funds, because they will definitely be under reliable protection. You can see the list of wallets for storing bitcoin on this website: bitcoin.org.

Itez
About Itez

Itez is an instant bitcoin purchase resource. Itez is a certified operator holding a license to sell and store cryptocurrencies of a financial regulator from Estonia. What does this give to customers?

First of all it is safety, since the operator is fully responsible for the risks. He conducts a compliance check, provides cryptocurrency on time and is always in touch with customers, if the need arises. Secondly, it`s efficient. The average time for receiving bitcoin to a client's account is a quarter of an hour. For comparison, let's take similar services Indacoin and MoonPay: when working with them, the time it takes for bitcoin to be credited to the client's electronic wallet will take for about an hour - it depends on how busy the network is. Thirdly, the service offers to customers a favorable exchange rate. Rate changes occur in accordance with the liquidity provider's information, therefore, the BTC value on the Itez website is as close as possible to the market value. The site has no hidden fees as the final BTC value is displayed instantly. If the purchase price does not exceed € 300, then the buyer does not need verification.

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