Georgie Avanza | Apr 27, 2021 | 0
Best Exchanges in The European Union to Buy Bitcoin
If you’re thinking about getting into trading Bitcoin, you might have a difficult time deciding which crypto exchange platform you should use. After all, there are so many exchanges available for the European Union market, which is why opting for one can be daunting and quite hard.
Because of the wide range of options that you could choose from, you might be wondering – what are some of the best ones within the EU? Fortunately for all individuals that are based in Europe, the article below will shed some light on the entire topic. So, let’s take a look at what you could choose:
Pros: Easy to Use, Fast, Low Fees, Reliable
Cons: The Fees Aren’t Displayed on The Platform
One of the first platforms that you might want to consider is Bitpand, an exchange that is located in the EU. They offer higher payment limits, there are various payment options, and the expenses you’ll have will be relatively low. An interesting thing is that it’ll enable you to buy coins with your card or you could choose SEPA, Skrill, etc.
Although they offer low expenses for purchasing cryptocurrencies, you should know that they aren’t displayed on the site. So, where are they displayed then? Well, you’ll be capable of seeing the fees you’ll have at the end price, hence, you might need to be careful at first.
2. “Coin Mama”
Pros: Functions All Over The World, High Limits, Trustworthy
Cons: Higher Fees
Next on our list is a site that’ll work all over the world, which suggests that you could use it in any country in order to purchase bitcoins. Based on the transactions and volume, they do charge a fee going from 4.9 to 5.9 percent, and it’ll be applied to each of the purchases that you make.
They’re a reliable and trustworthy organization, the site is simple to utilize, and they have a good rep, however, there is one downside to utilizing this site – if you choose to buy coins with your debit or credit card, you’ll have to pay some of the highest fees that you’ll find out there, which is why you might want to reconsider this particular option if you’re just starting out.
Pros: It Has a Specific Copy Trading Option, Reliable Site, Interface is Simple
Cons: No Deposits For Cryptos
This is one of those platforms that you have heard of, mostly due to the fact that it’s one of the most used ones out there. It supports a wide range of cryptos, including Bitcoin, Lite coin, Zcash, and so on. If you wish to make a deposit, there are several options to choose from, including a bank transfer, SEPA, and PayPal.
If you want to make a deposit with SEPA, you should ensure that you read some guides such as the one featured on smartbitcoininvestments.com that’ll help you throughout the process. Keep in mind, you won’t be able to deposit cryptos, instead, you’ll need to deposit the funds by utilizing one of the aforementioned payment options.
Pros: Increased Liquidity & Limits, Simple For Beginners
Cons: Long Waiting Times, It Might Track Where And How You Spend Coins
You might not know this, but Coinbase is one of the biggest and most popular crypto brokers that you can find out there. Why is it so popular? Well, even if you’re a complete beginner, you’ll be capable of understanding how you can easily and quickly purchase coins, mostly because the site is easy to navigate and use.
It does function in over thirty nations including the United States, European Union (except for Germany), The United Kingdom, Canada, and so on. You can buy coins with your debit card and a SEPA or bank transfer. You should know, if you buy with your credit card, you’ll need to wait for five days for it to be completed and the site might track how, where, and when you spend your coins.
Pros: Has Options For Different Languages, Fast Verification
Cons: Less Payment Options, Only Works in The EU
The very first thing that you should know about this particular site is that it’s based in Europe, but more importantly, it’ll only work within the European Union. It does allow quick verification and besides being able to purchase Bitcoins, you could also buy other options offered, including Litecoin.
Depending on your preferences, you could opt for buying the cryptos by using your debit or credit cards, SEPA, and so on. It’s also available in 23 languages, which means that you’ll probably be able to find one that suits your needs. Keep in mind, it only works within the EU.
Pros: Can Be Used By Verifying Your Phone Number, Limit of up to 100.000 dollars per year
Cons: No Privacy, Low Annual Limit
For starters, you should know that this site is an exchange, as well as an ATM operator and they’re located in Switzerland. Now, you should know, their five ATMs will allow you to quickly make your first purchase, and in order to do so, you’ll only have to verify your telephone number for the first purchase limit of one thousand euros.
However, there are a few drawbacks to using this platform. For example, you’ll need to verify your ID whenever you make a purchase, hence, your purchases won’t be private at all. Additionally, there is a low yearly limit of 400 euros without verification, so, you might want to skip using this platform if you’re just starting out with your trades.
If you’re based in the European Union or if you’re planning on moving there relatively soon, you need to ensure that you can use a Bitcoin exchange platform that’ll work within the EU. And, as you were able to learn from our list, there are various options that you can choose from.
So, now that you’re aware of the options you can choose from, you really shouldn’t waste any more of your free time. Instead, you should open up your browser, do some digging on the websites we mentioned above, and then decide which option suits your requirements and needs best.