Bitcoin is the market leader among cryptocurrencies and since its launch in 2009 has grown incredibly in value. We present you several ways to buy and store Bitcoin easily, quickly and safely. Before you look at the individual instructions for the different exchanges, you should ask yourself an important and central question.
The basic idea of Bitcoin is to create a financial system that operates without middlemen and in which there is no dependency on third parties. Accordingly, from our point of view it is basically desirable to own and manage cryptocurrencies such as Bitcoin itself, since only you have access to your asset via your private key. In the past, cryptocurrency exchanges have often been victims of hacker attacks, with large amounts of Bitcoin being stolen. Because of that, we believe it is safer to manage your Bitcoin yourself. However, it can be complicated for beginners to set up and use a desktop or hardware wallet.
Another special third solution is cryptocurrency CFDs. Very important to know with CFDs is, however, that you do not really have the cryptocurrency like Bitcoin, but only the certificate (CFD) on a rising (Long) or falling (Short) price. Because of this we would like to give you the following recommendation:
The focus is on an easy to use and modern user interface that allows anyone to buy and trade cryptocurrencies. Therefore Kriptomat is our top recommendation, especially for beginners! As far as seriousness is concerned, Kriptomat can convince with two licenses from the Estonian government.
Furthermore, there is another unbeatable advantage of Kriptomat: the fees. In contrast to other exchanges and brokers, Kriptomat does not charge a price premium. Your purchase price corresponds to the spot price of Bitcoin. Kriptomat only charges a nominal fee for each transaction. The calculated fees are always displayed transparently during the creation of the buy order. The deposit fees look like the following:
First of all, you should know that Kriptomat adheres very closely to the legal requirements of the European Union and therefore requires a complete verification of your identity. In order to buy Bitcoin on Kriptomat, you first need to create an account. To do so, go to the and click on the orange “Register” button. This will open a pop-up window where you have to enter your first and last name, an email address and a password for the exchange.
Author : Jake Simmons