🔥 Buy Bitcoin Guide | Paypal, Credit Card & SEPA

Whoever deals with the Bitcoin forecasts who will subsequently investigate the question of how to buy coins of the crypto currency Bitcoin in a completely uncomplicated and risk-free manner. Because if you follow the crypto experts, it is quite possible that Bitcoin could even jump over the 100.000 US dollar mark in the next few years. And with a view to the current price (as of mid-November 2020) that would be an enormous price increase - at the moment the Bitcoin is at around 15.500 US dollars.

Bitcoin price chart

Buy Bitcoin from Germany, Austria & Switzerland Instructions:

All those who are at home in Germany, in Austria and Switzerland, can use the services of the crypto exchange eToro. At this point, however, it should be mentioned that eToro is not a classic exchange. eToro is a so-called social trading broker that not only offers classic investments in crypto currencies, but also enables the copying of strategies and decisions by experienced and successful traders who are all on eToro. That is, strictly speaking, one could now make the claim that one can make profits with crypto currencies via eToro without having a clue of the matter. However, caution is called for: Even experienced traders who have been able to celebrate great successes can be wrong - there is no guarantee of profits.

Step 1: Register with eToro

If you want to buy Bitcoin via the provider eToro, this is easily possible after an account has been opened. The account opening only takes a few moments. During registration, eToro only requires your first and last name, a valid email address and a password. This means that you can buy Bitcoin immediately after the account has been opened and a deposit has been made. But the deposit is not a challenge for the new users either. On the part of the provider, it was meticulous to make everything as simple as possible.

eToro logo

Step 2: Deposit with PayPal, credit card or instant transfer 

You can top up your account via eToro with PayPal, credit card and instant transfer. In addition to the deposit methods listed, the following options are available:

  • Bank Transfer
  • Giropay
  • Neteller
  • Skrill

Depending on the variant selected, it then takes a few moments up to two to three working days until the money is available on the eToro account. Then you can buy Bitcoin.

Step 3: Buy and Sell Bitcoin (BTC) 

After the money is in the eToro account, it can then be invested in Bitcoin via the platform. Click on the upper area "Cryptos" or enter the desired cryptocurrency in the search on the left. Now, when you look for Bitcoin, Bitcoin appears - including statistics and charts. If you think you want to buy Bitcoin, it is now time to click on "Trade". Now you can buy coins directly or opt for CFD trading.

If you want to buy coins of the cryptocurrency, the desired amount in euros is now used and then, if you don't buy a whole coin, you get a partial bitcoin credited to it. The digital coin is transferred to the eToro wallet. But you can also transfer the coin to an external wallet.

If you want to sell your Bitcoin, you follow the same path on eToro - but only in reverse order. It is important to be aware from the outset of the price at which you want to sell your digital coins if you are speculating with a price increase or are pursuing the goal of a long-term investment. In other words, at what price level is it sold? How high should the profit be?

Bitcoin (BTC) buy deposit methods

Deposit money on eToro account

The following deposit methods are available at eToro. Due to the fact that eToro has opted for a variety of different deposit methods, there will be the right variant for every user.

Buy Bitcoin (BTC) PayPal

If you have the necessary credit on your PayPal account, you can top up your eToro account using this method. The whole process only takes a few moments. It is important that the corresponding credit is on the PayPal account.

Deposit eToro money via PayPal

Buy Bitcoin (BTC) Sofortüberweisung

Another popular method is to top up the account via instant transfer. In this case, however, IBAN such as Swift / BIC must be stated.

Deposit eToro money via instant transfer

Bitcoin (BTC) buy credit card 

Anyone who has a credit card and would like to use it to top up their eToro account can do so at any time. In this case, the credit card number, the expiry date, the security code and the name on the credit card must be provided.

Deposit eToro money by credit / debit card

Buy Bitcoin (BTC) with Paysafecard

A deposit via Paysafecard is not possible with eToro.

How to buy and sell bitcoin

eToro markets various cryptocurrencies

Buying Bitcoin may be possible without registration, without verification and anonymously.

Buy Bitcoin without registering

It should be noted that you can register with eToro without any problems. However, it is not possible to purchase digital coins without registration. If you want to buy Bitcoin without registering on a crypto exchange, a corresponding Bitcoin ATM must be visited. Bitcoin can also be purchased privately - in this case, only the keys to the wallet, the digital purse, need to be exchanged.

Buy bitcoin anonymously

Bitcoin can be bought anonymously, but the transaction is broken down in the blockchain. Here you can find the amount transferred, but without providing any personal data.

Buy bitcoin without verification

Verification is not required for some providers. That means you don't have to confirm your identity.

Do you want to trade cryptocurrencies with the best conditions?

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Where to buy Bitcoin (BTC) cheapest: Crypto exchange fees comparison

The table below shows that eToro and Libertex in particular have relatively low purchase fees.

eToro Plus500 Libertex
Deposit fee - - -
Withdrawal fee $ 5 1,9% -
Purchase fee 1,9% 3,08% 0,41%
Holding fee - 0,05% -

Buy bitcoin or not: is it worth buying bitcoin

Buy Bitcoin on eToro

If you take into account the fact that the all-time high that was set in 2017 is still a long way off or the forecasts all tend in the direction that Bitcoin will not only pass the 20.000 US dollar hurdle in the near future, but sometimes even could climb well over 50.000 US dollars, it is advisable to invest in cryptocurrency today. However, it is important to only invest money that is not used for fixed expenses. That means, sums that you need for the next monthly rent or loan installment should never be put into the crypto market. That's because of the uncertainty. Because even if there are promising forecasts, corrections (and extraordinarily violent crashes) can cause a trend reversal - losses can never be ruled out when speculating with Bitcoin.

Other special features when buying Bitcoin (BTC)

Bitcoin was or is the first crypto currency that saw the light of day over ten years ago. That is also the reason why people always speak of the “mother of all crypto currencies”. This makes the Bitcoin a special crypto currency.

In addition, it is also the price development that makes the Bitcoin stand out from the other cryptocurrencies. A few years ago the Bitcoin price was in the range of 200 US dollars, but at the end of 2017 it almost passed the 20.000 US dollar mark - a crash that occurred a little later caused the price to drop to 3.000 US dollars. And another comeback in spring / summer 2019 ensured that Bitcoin could jump over US $ 10.000 again. At the current time, the Bitcoin price is - as already mentioned - in the range of 15.500 US dollars. In March 2020, a few months earlier, the Bitcoin, triggered by the Covid-19 crisis, was only 5.000 US dollars.

Buy Bitcoin Miner

Due to the fact that mining is no longer in relation to the actual cost-benefit factor, it is advisable to decide against Bitcoin mining. As an alternative, participation in a mining pool can be recommended, whereby the question must also be asked here whether it is a recommendable cost-benefit factor.

Buy Bitcoin Stock

Of course, if investing in Bitcoin is too risky, you can invest in the crypto currency via "detours". In other words, you buy shares in a company that has something to do with Bitcoin - either because you are working with it directly or because you are working with blockchain technology, the structure of Bitcoin (and many other cryptocurrencies). There are no pure Bitcoin stocks.

Buy Bitcoin Conclusion: This is the best way to buy Bitcoin

Anyone who thinks that the price of Bitcoin will climb in the near future should decide to invest in Bitcoin. It is particularly promising if you exchange euros for Bitcoin, keep the purchased coins (or part of the coins) in the wallet and sell them when the desired price level has been reached. Tip: Clarify in advance at what price you want to sell - that is, clearly determine what profit you want to make with the crypto investment.

Do you want to trade cryptocurrencies with the best conditions?
eToro logo

Start on eToro, the test winner crypto broker from Bitcoin-News.one

SIGN UP NOW
Your capital is at risk. Not ready yet? Read our Etoro review.

Callie Machalat

Callie Machalat from Bitcoin-News.one understands the information needs of the crypto community members, traders, researchers and developers looking for reliable information to understand and participate in the crypto revolution.

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