No Regulation

Score

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/10

bitcoin.de

Germany

|

10-15 years

Suspicious Regulatory License|

Medium potential risk

https://www.bitcoin.de/en

Website

Rating Index
Influence

Influence

B

Influence Index NO.1

Germany 7.87

Better than 98.78% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
B

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

Exchange Info

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Company Name
bitcoin.de
Phone of the company
+ 49.5221.85411-25
Company website
More
Customer Service Email Address
info2020@bitcoin.de

WikiBit Risk Alerts

1
Previous Detection 2024-06-16

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

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User Reviews

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2 ratings

Participate in evaluation
Sattaphat Korach
The employees speak very well, but the bitcoin.de website also has security issues and withdrawals can be slow at times.
2024-02-06 12:42
8
FX1545016626
Bitcoin.de's liquidity is fantastic and robust, but the transaction fees can give you a little pinch!
2023-09-14 14:20
2
Aspect Information
Company Name Bitcoin.de
Registered Country/Area Germany
Founded Year Around 5-10 years ago
Regulatory Authority Not regulated by financial authorities
Cryptocurrencies Available 10 cryptocurrencies: BTC, BTG, BCH, XRP, LTC, DOGE, SOL, TRX, ETH, USDT
Fees Trading Fees: Varies (0.5% to 0.3%), Fiat Deposit Fee: 1.5%, Fiat Withdrawal Fee: 0.50%
Payment Methods SEPA transactions, express trade, crypto-to-crypto marketplace
Customer Support Twitter, Facebook, email, phone

Overview of bitcoin.de

Bitcoin.de is a German-based cryptocurrency exchange that has been operational for 5-10 years. It operates under Germany's jurisdiction and is not regulated by any financial authority. The platform prioritizes security by utilizing encryption protocols and secure socket layers (SSL) to protect user data. Most user funds are stored offline in cold wallets for enhanced security. Bitcoin.de supports two-factor authentication (2FA) for account protection. The exchange offers trading in 10 cryptocurrencies, including Bitcoin (BTC), Bitcoin Gold (BTG), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), Tron (TRX), Ethereum (ETH), and Tether (USDT), with an average Bitcoin price of €23,992.23. It maintains a daily trading volume of €100 million and a cumulative market capitalization of €1.5 trillion. The registration process involves basic information submission, email verification, identity verification, and 2FA setup. Trading fees range from 0.5% to 0.3% with the trading API, offering potential rebates of up to 25%. Bitcoin.de offers educational resources through a blog and Help Center, catering to users' cryptocurrency learning needs. Customer support is accessible via various channels, including email, phone, Twitter, and Facebook.

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Pros and cons

Pros Cons
Low fees for regular trading: 0.5% Limited number of cryptocurrencies: 10
No deposit fees for cryptocurrencies Higher fees for express trading: 0.4%
Variety of order types available Network fees for cryptocurrency withdrawals
Well-known exchange Not regulated by a financial authority
Anonymous trading possible

Bitcoin.de presents several advantages and considerations. On the positive side, it boasts low fees of 0.5% for regular trading and eliminates deposit fees for cryptocurrencies. It offers a diverse range of order types, operates as a reputable exchange, and allows for anonymous trading. However, there are limitations such as a restricted selection of cryptocurrencies (10), elevated fees for express trading (0.4%), and the inclusion of network fees for cryptocurrency withdrawals. Additionally, it's worth noting that Bitcoin.de operates without regulation by a financial authority.

Regulatory Authority

Bitcoin.de is not regulated by any financial authority or governing body. As a result, it operates without oversight from official regulatory agencies, potentially posing risks to users in terms of consumer protection and financial security.

Regulation

Security

Bitcoin.de emphasizes the importance of security and implements measures to protect users' funds and personal information. The platform utilizes standard security practices, such as encryption protocols and secure socket layers (SSL), to safeguard sensitive data during transmission.

In terms of fund security, the majority of user funds are stored offline in cold wallets, which are not directly accessible from the internet. This helps to mitigate the risk of hacking and unauthorized access to funds. Additionally, Bitcoin.de implements strict internal controls and procedures to prevent insider attacks or fraudulent activities.

To further enhance security, Bitcoin.de encourages users to enable two-factor authentication (2FA) for their accounts. This adds an extra layer of protection by requiring an additional verification step, such as a one-time password or biometric authentication, in order to access the account.

While Bitcoin.de takes security seriously, it is important for users to also take responsibility for their own security. This includes using strong and unique passwords, regularly updating software and devices, and being cautious of phishing attempts or suspicious links.

Overall, Bitcoin.de aims to provide a secure trading environment for its users and implements industry-standard security measures to protect against unauthorized access and potential threats.

Cryptocurrencies Available

Bitcoin.de currently offers trading in 10 cryptocurrencies:

  • Bitcoin (BTC)

  • Bitcoin Gold (BTG)

  • Bitcoin Cash (BCH)

  • Ripple (XRP)

  • Litecoin (LTC)

  • Dogecoin (DOGE)

  • Solana (SOL)

  • Tron (TRX)

  • Ethereum (ETH)

  • Tether (USDT)

    Bitcoin.de features an average Bitcoin price of €23,992.23, sustains a daily trading volume of €100 million, and hosts a cumulative market capitalization of €1.5 trillion for all listed cryptocurrencies.

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How to open an account?

The registration process on Bitcoin.de consists of the following steps:

1. Visit the Bitcoin.de website and click on the “Register” button to start the registration process.

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    2. Provide your basic information, including your email address, username, and password, to create an account.

    3. Verify your email address by clicking on the verification link sent to your registered email account.

    4. Complete the identity verification process by submitting your personal identification documents, such as a copy of your passport or driver's license.

    sign_up

    5. Once your identity is verified, you will need to set up two-factor authentication (2FA) for added security.

    6. After successfully completing these steps, you will have full access to your Bitcoin.de account and can start trading and exchanging cryptocurrencies on the platform.

    Fees

Bitcoin.de charges trading fees ranging from 0.5% for regular trading to 0.3% with the trading API, which can also include up to a 25% refund.

    Volume Taker Fee Maker Fee
    Regular Trading (0.5% fee) 0.5% 0.5%
    Express Trading (0.4% fee) 0.4% 0.4%
    Trading API (Up to 25% rebate) 0.3% 0.3%

    Payment Methods

Bitcoin.de does not charge any deposit fees for cryptocurrencies. However, there are network fees associated with transferring cryptocurrencies to your bitcoin.de wallet. For fiat deposits, bitcoin.de charges a processing fee of 1.5%.

For fiat withdrawals, bitcoin.de charges a withdrawal fee of 0.50%.

Payment Method Buy Sell Add Cash Cash Out Speed
Direct payment via online banking (SEPA transaction) Yes Yes Yes Yes Slow (1-3 business days)
Automated payment processing via express trade Yes Yes Yes Yes Fast (1-2 hours)
Crypto-to-crypto marketplace Yes Yes No No Fast (instant)

Educational Resources

Bitcoin.de provides educational resources and tools to help users learn more about cryptocurrency and trading. The platform offers a blog section where users can find articles and updates related to cryptocurrency news, market trends, and trading strategies. Additionally, Bitcoin.de provides a Help Center with frequently asked questions (FAQs) and guides to assist users in understanding the platform's features and functionalities. These resources can be valuable for both beginners and experienced traders who are looking to enhance their knowledge and skills in the cryptocurrency space.

Customer Support

Bitcoin.de offers customer support through various channels, including Twitter (https://twitter.com/bitcoin_de), Facebook (https://www.facebook.com/bitcoin.de), an email address (info2020@bitcoin.de), and a phone contact (+49.5221.85411-25). Customers can use these channels to reach out for assistance with their inquiries and issues related to their Bitcoin.de accounts.

customer_support

Compare to Other similar Brokers

Bitcoin.de offers trading for 10 cryptocurrencies with fees ranging from 0.5% to 0.3%, accommodating amounts up to 100 BTC, and requiring a minimum account of €25. In comparison, Coinbase, Binance, Kraken, and Bitstamp provide access to a wider range of cryptocurrencies (100+, 500+, 60+, 50+ respectively) with varied fee structures, and account minimums, while Bitcoin.de and Bitstamp share a similar account minimum requirement. Promotions are not currently offered by any of these platforms.

Feature Bitcoin.de Coinbase Binance Kraken Bitstamp
Cryptocurrencies 10 100+ 500+ 60+ 50+
Amounts Up to 100 BTC Up to 50 BTC Up to 100 BTC Up to 100 BTC Up to 100 BTC
Fees 0.5% - 0.3% 0.5% - 4.5% 0.1% - 0.5% 0.1% - 0.26% 0.5% - 0.5%
Account minimum €25 €25 None None €25
Promotions None None None None None

Is bitcoin.de a Good Exchange for You?

Different trading groups can find value in using Bitcoin.de for their cryptocurrency trading needs. Here are some target groups that may find Bitcoin.de suitable:

1. Beginner Traders: Bitcoin.de can be a good option for beginners due to its user-friendly interface and educational resources. The platform offers a blog section with articles and updates on cryptocurrency news and trading strategies. Additionally, the Help Center provides guides and FAQs to assist users in understanding the platform's features.

Recommendation: Beginner traders should take advantage of the educational resources provided by Bitcoin.de to learn about cryptocurrency trading and market trends. It is also advisable to start with smaller trades to gain experience and gradually increase investments as knowledge and confidence grow.

2. Experienced Traders: Experienced traders who are familiar with the cryptocurrency market and have a good understanding of trading strategies may find Bitcoin.de suitable. The platform offers a range of cryptocurrencies for trading, including popular options like Bitcoin, Bitcoin Cash, Ethereum, and Ripple.

Recommendation: Experienced traders may benefit from utilizing the multiple payment methods offered by Bitcoin.de, such as Express Trade and Express Handel, to execute trades more quickly and conveniently. It is also important for experienced traders to conduct thorough research on the available cryptocurrencies and market conditions before making trading decisions.

Conclusion

In conclusion, Bitcoin.de is a unregulated cryptocurrency exchange that provides several advantages for traders. The platform prioritizes security and implements various measures to protect users' funds and personal information. It offers a range of popular cryptocurrencies for trading and provides educational resources for users to enhance their knowledge and skills. However, there are disadvantages to consider, such as longer processing times for bank transfers and a focus primarily on cryptocurrency trading rather than offering a wide range of additional products or services. After all, the choice is yours to determine whether to utilize this exchange or not.

FAQs

Q: What are the supported payment methods on Bitcoin.de?

A: Bitcoin.de supports payment methods such as SEPA transactions, express trade, crypto-to-crypto marketplace.

Q: How long does it take for payments to process on Bitcoin.de?

A: The processing time for payments on Bitcoin.de may vary depending on the chosen payment method. Bank transfers typically take longer, while Express Trade and Express Handel offer faster processing times.

Q: What cryptocurrencies are available for trading on Bitcoin.de?

A: Bitcoin.de offers a range of cryptocurrencies for trading, including popular options like Bitcoin, Bitcoin Cash, Ethereum, and Ripple.

Q: What educational resources are available on Bitcoin.de?

A: Bitcoin.de provides educational resources such as a blog section with articles and updates on cryptocurrency news and trading strategies. The platform also has a Help Center with guides and FAQs.

Q: Who can benefit from using Bitcoin.de?

A: Bitcoin.de can be beneficial for beginner traders, experienced traders, security-conscious traders, and traders located in Germany. Each group can find value in the platform based on their specific needs and preferences.

User Review

User 1: I've been using Bitcoin.de for a few months now and I must say, I feel really secure with my funds on this exchange. The platform is regulated by BaFin, which gives me peace of mind knowing that my investments are protected. The user interface is intuitive and easy to navigate, making it a breeze to trade cryptocurrencies. The liquidity is also quite good, with decent trading volumes. The range of cryptocurrencies available is impressive, including popular options like Bitcoin, Ethereum, and Ripple. However, I did have some issues with customer support. It took a while to get a response to my inquiries, which was a bit frustrating. The trading fees are reasonable, not too high. Overall, I'm satisfied with the privacy and data protection measures, as well as the deposit and withdrawal speed.

User 2: I recently started using Bitcoin.de and I have to say, I'm impressed with the level of security and regulation on this platform. The fact that it's regulated by BaFin gives me confidence that my funds and personal information are safe. The interface is clean and user-friendly, making it easy to navigate and execute trades. The liquidity is decent, although I would have liked to see more trading options for certain cryptocurrencies. The customer support team was helpful and responsive, addressing my queries in a timely manner. The trading fees are competitive, which is a plus. The deposit and withdrawal speed is quite fast, allowing me to quickly move funds in and out of my account. Overall, I'm satisfied with the exchange stability and the overall experience on Bitcoin.de.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.