🔥 Buy cryptocurrencies - everything you should know!

Bitcoin price is rising! And if you follow the latest forecasts from analysts and crypto experts who will deal with price developments in the coming years, the all-time high from 2017, when Bitcoin was over 19.500 US dollars, could soon be discontinued or by far skipped will. This is also the reason why more and more investors such as savers and speculators are concerned with Bitcoin, the mother of all cryptocurrencies. But besides Bitcoin there are other cryptocurrencies that are also very promising. But what should you look out for when you have decided to buy cryptocurrencies?

Bitcoin and dollar bill lie next to each other on a table

How can I buy cryptocurrencies? 4 ways

If you deal with the topic of how to buy cryptocurrencies, the following four options come to the fore:

1. Buy cryptocurrencies directly on an exchange

You can purchase cryptocurrency coins through a broker. In this case, the desired euro amount is “exchanged” for digital coins. It must be clarified in advance whether the digital coins will then be stored on the wallet provided by the exchange (digital wallet) or transferred to an external wallet (hot or cold wallet). In addition, you must find out in advance whether the desired cryptocurrency is actually offered for sale on the exchange. If it is mainly Bitcoin or Ether, you will probably find these cryptocurrencies on every broker - with exotic cryptocurrencies, depending on the offer, it can mean that you will not find your favorite cryptocurrency on the broker at all.

Bitcoin price chart

Buy cryptocurrencies now from our test winner broker

Crypto investments are made by eToro (Europe) Ltd. and the custody is carried out by eToro Germany GmbH. Your capital is at risk.

2. CFD crypto trading

In this case, you don't have any cryptocurrency coins. With CFD trading, ultimately only speculation is made with the price development. This means that the CFD trader opens a position in advance, with which he determines whether the price of the selected crypto currency will rise or fall. This is a very risky way of increasing wealth. This is mainly because the crypto market is very volatile.

3. Buy cryptocurrencies indirectly through stocks or funds

In this case, you invest in funds or acquire stocks that have to do with cryptocurrencies or the technology behind it, the blockchain. This is not a direct investment, but rising prices of cryptocurrencies or innovations in the field of blockchain technology can have an impact on stock corporations that work with it or are related to cryptocurrencies. Ideal for all those who believe in cryptocurrencies or the technology behind them, but do not want to take the high risk that a direct investment entails.

4. Buy cryptos from private individuals

Cryptocurrencies can be purchased from private individuals via peer-to-peer platforms. They provide their coins. The price is agreed between the two parties.

Which broker can you trade cryptocurrencies on?

If you want to buy cryptocurrencies, you will need to open an account at an exchange. You can also buy cryptocurrencies through the following brokers:


eToro logo

eToro is probably one of the best-known brokers in German-speaking countries.

  • Binance Coin
  • Bitcoin   
  • Bitcoin Cash
  • Cardano  
  • Dash  
  • EOS        
  • Ether  
  • Ether classic
  • IOTA 
  • Litecoin  
  • NEO 
  • Stellar
  • tezos 
  • TRON    
  • ZCash

Trade cryptocurrencies now with our test winner broker eToro

74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.


Plus500 CFD trading and more

Plus500 is a recommendable eToro alternative. There is also a colorful variety of cryptocurrencies here:

  • Bitcoin  
  • Bitcoin Cash
  • Cardano
  • EOS
  • Ether
  • IOTA
  • Litecoin
  • Monero 
  • NEO
  • Ripple    
  • Stellar
  • Tron


Kraken stock exchange website logo

You can also buy cryptocurrencies through Kraken. The peculiarity? Almost 50 cryptocurrencies are available here:

  • Algorand
  • Augur
  • Augur v2
  • Balancer
  • Basic Attention Token
  • Bitcoin
  • Bitcoin Cash
  • Cardano
  • chainlink
  • Compound
  • Cosmos
  • Curve DAO token
  • Dai
  • DASH
  • Dogecoin
  • EOS
  • Ether
  • Ether classic
  • Filecoin
  • Gnosis
  • ICON
  • Kava
  • Kusama
  • Kyber Network
  • Lisk
  • Litecoin
  • Melon
  • Monero
  • Nano  
  • OmiseGO
  • Orchid
  • PAX Gold
  • Polkadot
  • Qtum
  • Ripple
  • Siacoin
  • Stellar
  • Storj
  • Synthetix
  • Tether
  • tezos
  • TRON
  • Uniswap
  • Waves
  • USD Coin
  • Year Finance
  • ZCash


Binance website logo

Binance is one of the other top exchanges. More than 100 cryptocurrencies are available on this platform. That is also the reason why Binance is one of the largest exchanges and platforms in the world.

This is how buying cryptocurrencies on an online exchange works!

Buying cryptocurrencies is not a great challenge, especially with eToro. The platform was designed in such a way that even beginners who have never bought coins of a cryptocurrency are not faced with unsolvable questions.

Sign in 

The crypto exchange eToro may be one of the best-known providers on the market. It should be noted here that this is not a classic broker, but also offers broker services. eToro also scores points as a social trading platform. This means that in addition to purchasing cryptocurrencies, it is possible to trade cryptocurrencies.

In the course of registration, only your name, email address and password are required. This is also the reason why the entire registration process only takes a few moments.

eToro login or registration

Tip: If you have a Google or Facebook account, you can use the login data - in this case you do not need to fill in your personal data.

Create eToro account

Trade cryptocurrencies now with our test winner broker

74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.


At the beginning it's about topping up the eToro account. Simply click on the "Deposit money" button, then you can choose one of the following payment methods:

eToro Deposit Money Button
Deposit money on eToro account
  • Bank Transfer
  • GiroPay
  • Credit card
  • Neteller
  • PayPal
  • Skrill

The transfer takes a few moments to two or three working days, depending on the method chosen. If the money is available, everything can then be initiated via the platform to buy crypto currencies.

Buy cryptocurrency

The user interface is designed quite simply: either look for the desired crypto currency on the left side of the menu or click on "Cryptos" in the upper area to get an overview of the available digital currencies. Then click on the desired crypto currency, for example Bitcoin. Now you have to decide whether you want to buy coins or whether you want to trade in CFDs.

eToro markets filter options
eToro markets various cryptocurrencies

It should be noted that you don't have to buy whole coins - if you only want Bitcoin worth 2.500 euros, for example, you will get the coin proportionately.

Buy Bitcoin on eToro

Trade cryptocurrencies now with our test winner broker

74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Advantages and disadvantages of buying cryptocurrencies

Due to the fact that the low or zero interest rate policy of the European Central Bank (ECB for short) will not come to an end in the foreseeable future, so that savings books, overnight deposits or fixed-term deposits have become absolutely useless products for increasing wealth, it is no surprise that more and more investors and savers are interested in alternatives. Because if you take inflation into account and compare this value with the currently available interest rates, it becomes clear that there is a real loss of monetary value if the savings are stored in a savings account. Cryptocurrencies are decentralized - that is, there is no bank or government in the background that can influence the price. Furthermore, there are no or hardly any fees when using cryptocurrencies. The volatility is also another reason why large amounts can be achieved here, even with small sums - and within a very short time.

Of course, volatility should not only be seen as an advantage, because the daily fluctuations can be a curse and a blessing at the same time. High losses are not uncommon when working with Bitcoin and Co. Furthermore, there are only very vague forecasts - that is, even if analysts and experts agree that the Bitcoin price will rise by a certain percentage up to a certain year, there is no guarantee. It can always go the other way.

When should you buy cryptocurrencies?

Anyone who is tired of the low interest rate policy and describes themselves as both opportunity-oriented and risk-conscious should definitely familiarize themselves with the cryptocurrency project. Because the past months and years have shown that investing in the crypto market can be quite lucrative. However, it should be mentioned at this point that past price developments are of course no guarantee that the prices of the individual crypto currencies will also rise in the near future. However, it must be emphasized at this point that the chances are high that the prices of cryptocurrencies will rise.

Wait for eToro Bitcoin price development to buy

Who is it worth buying a cryptocurrency for?

All those who have free money can buy cryptocurrencies. Why should you only invest freely available capital? Losses can never be ruled out. It is therefore important not to put any money into Bitcoin and Co. that is needed for the next monthly rent, loan or leasing installment.

Which cryptocurrency should I buy in 2020?

The well-known cryptocurrencies Bitcoin and Ether are particularly interesting. However, there are also one or the other unknown crypto currency that - according to one or the other forecast - could cause a stir. For more information on which cryptocurrencies should be bought in 2020, please refer to the article "Investing Cryptocurrency 2020: Which Cryptos Should You Invest In?"

Trade cryptocurrencies now with our test winner broker

74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What happens after the purchase?

If you have bought coins of a crypto currency, the first question is where to keep the coins and when will they be sold again. This means that it is important to have a plan in advance, but not to be thrown overboard after the first wind. Especially when investing long-term, it is important to have a lot of patience (and strong nerves).

Keep your cryptos in a wallet

After coins of a certain cryptocurrency have been bought, they are stored in the digital purse, the wallet. There are different options here that should be examined in advance. More information can be found in the article "Bitcoin Wallet Test & Comparison 2020 - The Best Crypto Wallets".

Keep or Sell?

If you are convinced that the price will climb, it is important to answer the question of what price should be sold in advance. Anyone who pursues a long-term investment horizon, for example who only wants to sell Bitcoin at a price of 25.000 US dollars, needs particularly strong nerves, as it can go up and down again and again.

Of course, short-term speculations are also possible. That means, it is bought at 10.000 US dollars, then it is sold at 11.000 US dollars. It is only important that you set a goal in advance so as not to be “haphazard”.

Conclusion: this is how you buy cryptocurrencies quickly and easily!

You can easily invest in cryptocurrencies or buy coins from digital currencies through a broker. eToro, for example, may be particularly interesting here, as it is a well-known provider that not only makes many cryptocurrencies available, but has also created a fair fee model. Beginners who have never had any contact with cryptocurrencies before also feel at home here.


Why should I buy cryptocurrencies?

The forecasts are extremely promising. Anyone who has freely available capital should therefore invest in the crypto market - especially when looking at the past few years, it becomes clear that Bitcoin and Co. can always provide (very profitable) surprises.

Which exchange is the safest and best for crypto beginners?

If you follow the various test and experience reports, you can refer to eToro at this point.

Which cryptocurrency should I buy?

According to the forecasts, Bitcoin has the greatest potential. Ultimately, so far it has only been possible for Bitcoin to get into the range of 20.000 US dollars.

Can I also buy small quantities?

Yes. A pro rata calculation is made depending on the sum. If you want to invest around 1.000 euros in Bitcoin, you will receive a proportion of a coin worth 1.000 euros.