US investors permitted
Bitcoin.de – Detailed review
A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Bitcoin.de consists of four parts: general information, fees, deposit methods and security.
Bitcoin.de is an exchange based in Germany.
Unfortunately for US-investors, Bitcoin.de prohibits US-investors from trading on its exchange. Interested US-investors must therefore refer to any of the other top crypto exchanges.
Bitcoin.de is different from most top crypto exchanges in the way that it does not offer trading between cryptocurrencies. The only trading pairs that are available are BTC, BCH, ETH and BTG against the EUR/USD. The “normal trading fees” are consequently nowhere to be found, but consists of mark-ups in the purchase price and sales price. This is potentially a risk for you as an investor. Accordingly, we strongly urge you to make you own analysis of the fees at this exchange before depositing any funds at the exchange and before concluding that it is the best cryptocurrency exchange site for you.
The exchange does however claim that they charge 0.80% as trading fees. This is above average in the industry. One should consider whether Bitcoin.de has a strong offering to investors in other respects that outweighs the disadvantage of these higher trading fees.
Bitcoin.de charges a withdrawal fee only amounting to the networking fees when you withdraw BTC. This fee is below the industry average and thus constitutes a competitive advantage against the majority of other top crypto exchanges in the market.
Bitcoin.de offers wire transfer as a deposit method, but credit cards are not a permitted deposit method. This might of course be disadvantageous if you would prefer to use your credit card for any reason.
Bitcoin.de has a security score of B, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is far above average when it comes to top crypto exchanges.
If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, please use our Exchange Finder here to find out which exchange has the best cryptocurrency exchange site for you.