Most people who are new to cryptocurrency trading have no idea where to start. There are hundreds of platforms that allow crypto trading that try to lur you in with amazing offers. This can be intimidating to people who are new to cryptocurrencies as many of these platforms lack transparency. So how do you buy Bitcoin in Europe and which platforms are safe and easy to use? We got you covered.
We tested a broad range of trading platforms and outlined the easiest and safest ones for beginners to use. For many of you who just want to buy and hold bitcoin, the easiest way to do so is through your current bank or trading platform if they offer this option. These platforms usually do have high fees, however, they are your trusted bank, so the security level will be the highest and they will take good care of you. Online trading platforms and banks such as Revolut and Robinhood, already offer cryptocurrency trading, so this is an easy way to get started if you are already a user of these platforms.
Three easy and safe ways to buy your first Bitcoin in Europe
1. eToro (popular)
Etoro is one of our favorites as it is very beginner friendly and trustworthy. Most Europeans are familiar with this very established stock trading platform as this Cypres based company tries to simplify stock and cryptocurrency trading for non experienced traders. eToro even allows you to copy the trades of successful trades, and thus, makes trading of stocks and cryptocurrencies easy.
Advantages of eToro
- Beginner friendly (very easy to setup)
- Lets you copy successful traders
- Easy to connect to bank account
- Established platform
- Select 15+ vetted Cryptocurrencies
- Offers separate platform for Etoro Crypto
- Great customer service
- Offers a eToro wallet option
Disadvantages of eToro
- Relatively high fees
- Not made for high frequency trading
2. Coinbase (popular)
Coinbase is the most established Cryptocurrency trading platform out there. As Coinbase is a publicly traded company, they are very strict on following the rules and regulations as they cannot allow for mistakes. This makes Coinbase a very safe platform to use. For people who are planing on not just buying and holding crypto, we recommend you to sign up for Coinbase Pro, where transaction fees are reduced. You can sign up at no cost.
Advantages of Coinbase
- Easy to set up
- Beginner friendly
- Easy to set up bank account
- Broad range of established cryptocurrencies
- Coinbase Pro for more advanced features and lower fees
- Offers a coinbase wallet
Disadvantages of Coinbase
- relatively high fees on Coinbase, but allows you to switch to Coinbase Pro (at no cost) where fees are lower
Kriptomat is an up and coming cryptocurrency trading platform and wallet based in Estonia. The focus of Kriptomat is simplicity so it is easy to get your account set up and approved. Kriptomat allows you to buy cryptocurrencies with Credit card in Euros (although with high fees).
Advantages of Kriptomat
- Beginner friendly crypto exchange
- Easy to use
- 100+ of most popular cryptocurrencies to trade
- Licensed exchange in Europe
- Low fees, no spread
- Digital wallet available
Disadvantages of Kriptomat
- Lacks advanced features
Pascal is a passionate entrepreneur and one of the founders at Blockzeit. As a crypto and blockchain enthusiast his goal is to bring more transparency into the blockchain industry.