At this point in time, cryptocurrencies are hot, and for good reason. All other major asset classes have underperformed Bitcoin over the past decade with an annualised return of 230% — almost ten times the Nasdaq-100, twenty times the SP500 and nearly thirty times the MSCI World Index.
Most people are surprised to learn that Bitcoin is now one of the top 10 most valuable global assets with a market value of more than a trillion dollars. Big brands like Visa, PayPal, and Tesla are all vying to acquire a foothold in the market based on the crypto coin market news as interest in crypto soars among private and institutional investors alike.
For those who aren’t afraid of the predicted volatility of the cryptocurrency market, purchasing Bitcoin, Ethereum, and other cryptocurrencies is surprisingly simple for Europeans. While there are several reputable Bitcoin and cryptocurrency exchanges in Europe, why not explore outside of the continent for the cheapest prices?
The 5-step approach to buying Bitcoin and other cryptocurrencies in Europe
There is just one reliable exchange in Europe where you can buy bitcoins and other cryptocurrencies.
Compared to a few years ago, investing in Bitcoin, Ethereum, and other popular coins and tokens has become surprisingly simple. You may deposit Euros into a cryptocurrency exchange and swap them for Bitcoin in Europe, which is one of the easiest ways to do so.
Following these five simple steps will help you get started with buying Bitcoin in Europe:
The first step is to find a reliable exchange where you can buy your cryptocurrency. Select a trustworthy cryptocurrency exchange from the list above, as these are known for their high levels of security and accept European customers.
To open an account, you’ll need to provide some personal information and pass a mandatory KYC check once you’ve picked your favourite exchange. Passport or driver’s licence, selfie, and utility bill are all required for this process. If you’d prefer greater privacy, you may always go to a decentralised exchange, but for novice investors, a standard exchange is the most likely option.
You can deposit funds into your crypto exchange account in a variety of ways, including fiat currencies like USD, EUR, and GBP. SEPA transfers are often free to receive and take between 0 and 3 days to process, whereas credit/debit card transactions are quick but come with a higher transaction cost. ‘
It is possible to purchase Bitcoin and other digital currencies once you’ve selected an exchange and deposited funds into your account. There are two types of orders available on exchanges: market and limit. Coinbase, a beginner-friendly platform, is a wonderful place to start if you have no prior expertise in the cryptocurrency market.
‘Not your keys, not your crypto’ still holds true today, so choose where to store your coins wisely. If you plan to store your bitcoin for an extended period of time, you may want to consider transferring it to a hardware wallet. Having complete control over your money and minimising the chance of losing it is a huge benefit. Bitcoin savings accounts like BlockFi allow you to earn interest on your cryptocurrency over time.
Which Bitcoin exchange is the most secure?
If you’re looking for a cryptocurrency exchange, here are some things to keep in mind:
Cybersecurity has improved significantly over the past few years, and most cryptocurrency exchanges are no longer targeted by hackers. Most reputable establishments offer the most up-to-date security measures to keep your money safe. Strong passwords, two-factor authentication (2FA), address whitelisting and anti-phishing codes may all be implemented.
A cryptocurrency exchange’s user interface can accommodate both newcomers and seasoned investors and traders. Starting out, your chosen trading software should be simple and straightforward to use. As your knowledge of the markets expands, the tools and options available to you should also grow with you.
Low trading fees and tiered charge schemes are important to frequent traders, but long-term investors should not dismiss the influence of fees on investment results. If an exchange pledges to charge no fees or commissions, they will charge a bigger spread to even out the illusion of reduced costs. If you plan to hold for a lengthy period of time, be aware of large fees, but don’t obsess over them.
Europe’s best Bitcoin exchanges: last words
When it comes to trading cryptocurrencies, Europeans have a plethora of trustworthy and secure options at their fingertips. Different types of investors and traders are taken into consideration when compiling this list of top crypto exchanges and platforms for Europeans, but the choice should be yours alone.
Pay attention to the reputation, fees, payment methods, and the quantity of cryptocurrency and fiat pairs supported by each exchange. The following is a list of the finest European crypto exchanges and platforms:
| Platform | The Best Platform for |
| Coinbase | Overall, this is the greatest option for newbies. |
| BlockFi | The best way to earn interest |
| Kraken | This is the best choice when it comes to trust. |
| Bitpanda | European exchange |
| FTX | Derivatives and tokenized stocks benefit |
Which European cryptocurrency trading app is the best?
There are a number of exchanges on this list that offer mobile apps for both iOS and Android devices. Mobile trading and market monitoring have never been easier thanks to this.
The following are the most widely used cryptocurrency trading applications in Europe:
- Coinbase
- BlockFi
- Kraken
- Bitpanda
- FTX
- Binance
