1. How to buy Bitcoin?
Bitcoin is the most well-known and valuable cryptocurrency worldwide. More and more people are interested in buying Bitcoin, whether as a long-term investment, to diversify their portfolio, or simply to explore the possibilities of digital currencies. Getting started can initially seem overwhelming, as there are numerous ways to acquire Bitcoin, various platforms, and different security concepts. Nevertheless, the process is relatively simple if you know the basic steps.
1.1 Choosing a Platform
Buying Bitcoin usually begins with choosing a suitable platform. This can include crypto exchanges, brokers, or specialized apps. Well-known providers include Bitpanda, Coinbase, and 21bitcoin, which are appealing to both beginners and experienced users. It's important not only to focus on the pure purchase options but also to pay attention to the platforms' security measures. Furthermore, regulation plays a significant role: since the end of 2024, MiCAR has established a uniform EU regulatory framework for crypto service providers. Those buying Bitcoin should also decide how they want to store their coins. Digital wallets, which are either managed online or stored offline as so-called cold wallets, are suitable for this purpose. An offline solution is particularly recommended for larger amounts, as it protects the coins from potential hacker attacks.
Once you have chosen a platform, the next step is registration. This requires information such as name, address, and email, and in most cases, a bank account must also be linked. In Germany and Austria, funds are usually transferred via SEPA transfer, sometimes also by credit card or other payment methods. Afterwards, the desired amount of Bitcoin can be purchased. It's interesting to note that you don't have to acquire a whole unit of Bitcoin. Even small amounts, such as 50 or 100 Euros, can be wisely invested, as Bitcoin can be bought in fractions.
Additionally, you should consider the following points:
- Custody (third-party or self-custody)
- Fees when buying and transferring Bitcoin
- Taxes
1.2 How to buy Bitcoin in Germany?
In Germany, Bitcoin is gaining increasing importance, both as an asset class and as a means of payment. Those looking to buy Bitcoin in Germany face a well-regulated, but sometimes complex, landscape of crypto exchanges, apps, and banks. Security, fees, and the legal requirements of BaFin play a particularly important role here.
Getting started with buying Bitcoin begins with choosing a platform. In Germany, platforms like Bitpanda, Coinbase, and 21bitcoin are particularly popular. A decisive advantage of these providers is their regulation, which ensures that the platforms adhere to specific security and transparency standards. If you want to play it safe, you should therefore only use providers that possess a MiCAR license or corresponding European authorizations.
After choosing the platform, registration follows:
- Provide personal data
- Complete identity verification (e.g., uploading an ID document or video identification process)
- Deposit from your own bank account (some providers also accept credit cards)
Once you have funds on the platform, you can buy the desired amount of Bitcoin. Even small amounts are possible, so for example, 50 or 100 Euros are enough to get started. Many beginners ask themselves: “How much Bitcoin do I get for 100 Euros?” Generally, this depends on the current Bitcoin price, as its value fluctuates significantly. However, platforms always display the exact amount of Bitcoin you will receive for a specific amount.
After purchasing, the question of custody arises. Users can either leave their Bitcoin on the platform or transfer them to a private wallet. The latter significantly increases control and security. Additionally, buyers should pay attention to the fee structure, as this can vary depending on the payment method and platform. Finally, tax implications must not be overlooked: profits from Bitcoin trading can be taxable in Germany, especially for short-term sales within one year.
Overall, Germany offers a solid foundation for safely buying Bitcoin. With the right platform, secure payment methods, and a clear strategy for custody and fees, beginners can easily acquire their first Bitcoin. In the next section, we will examine the situation in Austria and highlight the differences and specific considerations there.
1.3 How to buy Bitcoin in Austria?
In Austria, too, interest in Bitcoin and other cryptocurrencies is steadily growing. Anyone looking to buy Bitcoin in Austria will find a comparatively well-regulated environment, with crypto exchanges and specialized apps available for both beginners and advanced users. Similar to Germany, security, fees, and proper custody of coins play a central role.
Choosing the platform is the first and most important step. In Austria, Austrian providers like Bitpanda or 21bitcoin are particularly popular. These platforms are characterized by user-friendly interfaces.
Tax Treatment of Bitcoin in Austria
- Profits from Bitcoin sales are subject to a tax rate of 27.5% (KESt), regardless of the holding period.
- No longer a tax-free threshold based on a one-year period – even long-term sales are taxable.
- 21bitcoin simplifies tax filing, as all purchases, sales, and fees are clearly documented and provided as tax reports.
- Automated reports can be directly imported into common tax tools, significantly simplifying tax processing.
Overall, Austria offers a user-friendly and secure environment for buying Bitcoin. With a suitable platform, a clear strategy for fees and custody, and an eye on the current Bitcoin price, beginners in Austria can easily take their first steps in the crypto market. In the next chapter, we will explore where Bitcoin can generally be bought, regardless of the country, and which options are particularly recommended for both beginners and advanced users.
2. Where can you buy Bitcoin?
Bitcoin can be bought through various channels, including crypto exchanges, brokers and apps, banks, and peer-to-peer platforms. Each option differs in terms of fees, usability, security, and control over your own coins.
Crypto exchanges like Bitpanda, Coinbase, Kraken, or 21bitcoin offer a wide selection and flexible trading options, but usually require more technical understanding and can incur higher fees depending on the payment method. Brokers and apps focus on a particularly easy entry and are well-suited for beginners, as purchases can be made without complex order functions and even small amounts can be invested.
Some banks now also allow the purchase of Bitcoin via an existing bank account, but fees are often higher and the selection is limited. Peer-to-peer platforms offer more flexibility but come with an increased security risk.
Regardless of the provider, Bitcoin can be bought in fractions, making smaller investments possible. Which purchase option is best suited ultimately depends on personal priorities such as simplicity, fees, security, and custody.
3. What do I need to consider when buying Bitcoin?
Buying Bitcoin is easier than ever today, yet there are some important aspects to consider to minimize risks and make the investment worthwhile. Besides choosing the right platform, fees, taxes, security and regulation, custody, and the type of asset play a particularly important role. In this chapter, we will go through all relevant points step by step, ensuring both beginners and advanced users are well informed.
3.1 Direct Comparison of Bitcoin Purchase Providers
As of July 2026
3.2 Fees when buying Bitcoin
Anyone buying Bitcoin should definitely keep an eye on the fee structure of their chosen platform, as it directly impacts returns. Costs usually consist of trading fees, deposit fees, and sometimes additional costs like spreads. Fees can vary significantly depending on the platform and payment method.
Traditional crypto exchanges typically charge a trading fee between 0.1% and 2%. This is calculated either directly when buying or selling Bitcoin. Additionally, a spread between the buy and sell price can arise, effectively increasing costs. Especially for small purchase amounts, investors should carefully check how fees affect their investment, as a high spread or high basic fees can significantly increase the cost of entry.
Another important aspect is deposit fees. While SEPA transfers in Germany and Austria are often free or very inexpensive, credit card payments or services like PayPal can incur additional costs. Here too, a comparison is worthwhile, especially if smaller amounts are to be invested regularly.
Apps like 21bitcoin rely on transparent fee models and allow the purchase of even small amounts with manageable costs. This makes them particularly attractive for beginners who want to approach it cautiously at first.
Those who carefully check the fees can not only save costs but also better plan their long-term investment strategy. The key is: transparency, comparison, and understanding the spread are crucial for making Bitcoin purchases efficient and cost-effective.
3.3 Taxes when buying Bitcoin
Anyone buying Bitcoin should keep the tax implications in mind, as these are crucial for both beginners and experienced investors. Different regulations apply in Germany and Austria regarding the sale and profits from cryptocurrencies. This is precisely why it's helpful to use a provider that offers clear and tax-compliant documentation – as is the case with 21bitcoin.
In Germany, profits from the sale of Bitcoin are taxable if the coins are sold within one year of purchase. If Bitcoin is held for longer than one year, profits are generally tax-free. This regulation makes long-term Bitcoin purchases particularly attractive for investors employing 'hodl' strategies. Short-term speculation, however, is subject to income tax, and it is advisable to meticulously document profits. Here, 21bitcoin users benefit from clear transaction overviews and reports that enable precise allocation of purchase date, quantity, and fees.
In Austria, the situation is similar, but with one important difference: profits from the sale of Bitcoin are always taxed at a rate of 27.5% (KESt), regardless of the holding period. The tax treatment can also change if Bitcoin is traded via ETPs or derivatives, as these are considered financial products and may be immediately taxable. 21bitcoin deliberately positions itself as a tax-friendly provider, especially for Austrian users, as relevant data is structured and easily usable for tax purposes.
In addition to the holding period, buyers should also keep documentation and proof in mind. Many platforms provide annual overviews listing purchases, sales, and fees. These documents are particularly important for correctly substantiating all information in the event of a tax audit.
In summary: those who inform themselves in advance about the tax rules in Germany or Austria can avoid unpleasant surprises. A clear strategy for holding period, documentation, and purchase volume helps to acquire Bitcoin efficiently and legally – supported by a provider like 21bitcoin, which actively considers tax transparency.
3.4 Custody when buying Bitcoin
After purchasing Bitcoin, custody is a crucial factor for the security of your coins. There are fundamentally two options: storing them directly on the platform where you bought the Bitcoin, or in a private wallet that the user controls themselves.
Platforms often offer so-called hot wallets, which are managed online and allow easy access to Bitcoin. They are particularly suitable for users who frequently conduct transactions or wish to hold smaller amounts. However, hot wallets carry a certain risk, as they can be vulnerable to hacker attacks.
For long-term investments or larger sums, using cold wallets is recommended. These are stored offline, for example on hardware wallets, and are thus significantly more secure against internet attacks. Users retain full control over their coins but must take responsibility for backup and security themselves.
For beginners, a combination of both approaches is often sensible: smaller amounts on the platform for quick access and larger amounts in a cold wallet for maximum security. Those who address Bitcoin custody early on protect their investment and minimize the risk of losses due to hacker attacks or technical errors.
3.5 Real Bitcoin vs. Bitcoin Derivatives
When buying Bitcoin, it is crucial to understand the difference between real Bitcoin and Bitcoin derivatives. Real Bitcoin are digital coins that the buyer actually owns, can store in a private wallet, and can send or receive at any time. They offer full control over the investment and enable long-term strategies, such as the HODL principle.
Bitcoin derivatives, such as CFDs (Contracts for Difference) or ETPs (Exchange Traded Products), merely reflect the price of Bitcoin without the buyer physically owning the coins. They are often used for short-term speculation or leveraged trading. While trading derivatives offers flexibility and the opportunity to bet on rising or falling prices, it carries higher risks. Additionally, the tax treatment can be more complex, as profits from derivatives often become immediately taxable.
For investors who want to invest in Bitcoin long-term, real coins are therefore the more sensible choice. They not only offer the opportunity to securely store the coins in cold wallets but also the chance to benefit from future developments in the Lightning Network. Derivatives, on the other hand, are more suitable for traders seeking short-term profits and willing to take on higher risks.
Those deciding to buy should therefore carefully check whether they want to acquire physical Bitcoin or merely a derivative contract. This decision influences not only the security strategy but also tax aspects and the long-term use of the cryptocurrency. At 21bitcoin, buyers receive exclusively real Bitcoin – no derivatives, no ETPs, no compromises. The coins can be transferred to their own wallet at any time and fully self-custodied.
3.6 Bank Account for Bitcoin Purchase
In most cases, a bank account is a prerequisite for buying Bitcoin securely and easily. Through the account, users can deposit money onto the chosen platform and then purchase Bitcoin. Especially in Germany and Austria, the connection to a regular bank account plays a central role, as many platforms only accept SEPA transfers. This method is secure, cost-effective, and enables fast transactions.
However, many brokers and crypto platforms have foreign accounts, for example in Luxembourg, Ireland, or the USA. This means that deposits and payments are not covered by German or Austrian deposit insurance, and legal protection may be limited in case of disputes or problems. Buyers should therefore carefully check where the platform holds its accounts and what legal frameworks apply.
A major advantage of 21bitcoin is that the company holds an account with Volksbank Raiffeisenbank Bayern Mitte. This enables SEPA deposits within Germany and Austria with full transparency, familiar security standards, and direct deposit insurance. Users thus have full control and do not have to worry about foreign banking risks.
Furthermore, some platforms also offer alternative payment methods such as credit card or PayPal, which are faster but often more expensive. Those who regularly buy Bitcoin should also pay attention to security measures, such as two-factor authentication or app-based approvals. The combination of a trustworthy bank account, a secure platform, and a clear deposit strategy ensures that Bitcoin purchases are efficient, secure, and transparent.
4. Providers for Buying Bitcoin
4.1 Buying Bitcoin at 21bitcoin
21bitcoin is Europe's premium platform for buying, selling and storing Bitcoin. The company is operated by FIOR Digital GmbH, based in Salzburg, Austria, and deliberately focuses exclusively on Bitcoin – no altcoins, no tokens, no derivatives. This clear focus makes the platform clear, secure, and consistently geared towards long-term wealth building with Bitcoin.
Getting started with 21bitcoin is straightforward. After registration, a quick verification process takes place, which is usually completed within a few minutes. Afterward, money can be deposited via SEPA transfer or instant transfer. The platform is available as both an app (iOS and Android) and a web version, offering an intuitive, minimalist user interface that caters to both beginners and experienced investors.
In addition to the classic instant purchase, 21bitcoin offers a range of features that stand out in the Bitcoin-only segment: Limit Orders allow you to set a desired price and automatically buy once it is reached. Savings Plans allow automatic weekly or monthly purchases based on the cost-average principle – ideal for long-term wealth building. For investors with larger volumes (from €100,000), there is 21private, a personal service with individual support and reduced conditions.
A particular advantage of 21bitcoin is its flexible approach to custody. Users can either store their Bitcoin on the platform (custodial) or transfer it to their own wallet at any time (non-custodial). Additionally, 21bitcoin offers the option to set up automatic wallet transfers: Bitcoin are moved from the platform to the user's own wallet based on rules, so that larger holdings do not have to remain permanently on the platform. This combination of convenience and self-responsibility is unique among Bitcoin-only providers and is particularly suitable for users who want to gradually transition into self-custody. Fiat funds and Bitcoin assets are strictly separated, with Bitcoin held in cold storage. All accounts can be secured with two-factor authentication (2FA).
Regarding regulation and security, 21bitcoin sets standards in the European Bitcoin market. The company is licensed across Europe as a Crypto-Asset Service Provider (CASP) via the MiCAR license and is subject to the supervision of the Austrian Financial Market Authority (FMA). Customer deposits are processed via an account with Volksbank Raiffeisenbank Bayern Mitte – meaning funds remain within the European banking system with full deposit insurance, instead of being transferred to foreign accounts as with many international providers. For customers in Germany and Austria, this means: familiar banking infrastructure, fast SEPA payments, and clear legal frameworks.
Fees start at 0% and are displayed transparently without hidden spreads. SEPA deposits are free, and withdrawals to your own wallet incur standard network fees. Tax-relevant transactions are clearly documented and provided as reports that can be directly imported into common tax tools.
Furthermore, 21bitcoin sees itself as an educational platform: content on Bitcoin, monetary history, and self-custody is regularly published via its blog, social media channels, and the "21talk" podcast. Users can earn Bitcoin through a referral program, and there's a partner program with exclusive conditions for consultants, influencers, and businesses.
Overall, 21bitcoin is the top choice for anyone looking to buy real Bitcoin in Germany or Austria – offering full regulation, European banking integration, flexible custody, and a platform that consistently prioritizes quality over quantity.
4.2 Buying Bitcoin on Bitpanda
Bitpanda is one of the most well-known European providers for buying and selling Bitcoin and other cryptocurrencies. The company was founded in Vienna in 2014 and has since developed into one of the largest platforms in the German-speaking region. Bitpanda particularly stands out for its ease of use, the wide range of available assets, and its close ties to European regulatory authorities.
After a quick registration and verification using an identification document, users can deposit funds directly – either via SEPA transfer, credit card, instant transfer, or PayPal. Bitcoin can then be purchased with just a few clicks, and the coins are immediately credited to the personal Bitpanda account.
A major advantage of Bitpanda is its regulation and security. The company is licensed by the Austrian Financial Market Authority (FMA) and complies with BaFin requirements for the German market. This provides Bitpanda with a high degree of transparency and protection – a clear plus compared to unregulated or non-European providers. Additionally, Bitpanda stores the majority of customer funds in cold wallets, which are kept offline to prevent hacker attacks.
Bitpanda performs rather poorly when it comes to fees. Costs are on the higher side, exceeding those of professional trading platforms like Kraken. However, Bitpanda scores with a clear pricing model: the displayed price already includes fees, so users don't have to worry about hidden costs. For regular investors, the platform offers the Bitpanda Savings Plan, which allows for automatic weekly or monthly purchases – ideal for long-term wealth accumulation.
Another unique selling point is the wide selection of cryptocurrencies and digital assets. Besides Bitcoin, users can buy over 650 other coins, including Ethereum, Cardano, or Solana. Bitpanda also offers trading in precious metals like gold and silver, as well as stock ETPs. This positions the company as a comprehensive investment platform, not just a crypto exchange.
A potential drawback is that the actual custody of Bitcoin takes place on the platform unless you manually transfer them to an external wallet. While convenient, anyone seeking maximum control should transfer their coins to their own wallet.
In summary, Bitpanda is a reputable and regulated platform for anyone looking to buy Bitcoin simply and securely – especially in the German-speaking region. The combination of ease of use and European regulation makes Bitpanda a popular choice for beginners and investors taking their first steps with cryptocurrencies.
4.3 Buying Bitcoin on Coinbase
Coinbase is one of the largest and most well-known crypto platforms worldwide and is among the first points of contact for anyone looking to buy Bitcoin. The company was founded in the USA in 2012 and is now listed on NASDAQ – a strong signal for transparency and credibility. In Europe, particularly in Germany and Austria, Coinbase has also established itself as a popular option for acquiring cryptocurrencies safely and easily.
Getting started with Coinbase is straightforward. After registration, an identity verification (KYC) is completed using an ID card or passport. Users can then deposit funds into their account – usually via SEPA transfer or credit card. The purchase process itself is designed to be particularly simple: you select Bitcoin, enter the desired amount, and confirm the transaction. Within a few seconds, the coins are credited to your personal Coinbase account.
A major advantage of Coinbase is its user-friendliness. The platform is designed so that even beginners can quickly find their way around. At the same time, Coinbase offers an advanced interface for experienced traders with its "Advanced Trade" feature, allowing them to actively monitor the market and place limit orders. Thus, the platform appeals to both novices and professionals.
The provider stores the majority of customer funds in cold storage – meaning offline, disconnected from the internet – and is subject to strict US security standards. Additionally, users can protect their accounts with two-factor authentication (2FA).
A point of criticism for many users, however, is that Coinbase is a US company. Customer deposits are also often held in foreign bank accounts, which can be a factor of uncertainty for some investors. Nevertheless, Coinbase is subject to strict international anti-money laundering regulations and is considered one of the safest providers worldwide.
Another plus point is the Coinbase Wallet, a separate app that allows users to self-custody their Bitcoin and other cryptocurrencies. This means the platform can be used both as a traditional broker and as a standalone wallet solution.
Overall, Coinbase is an established, secure, and user-friendly platform, particularly suitable for beginners who value ease of use, high liquidity, and international reputation. Those willing to accept slightly higher fees will gain comfort and security when buying Bitcoin.
4.4 Buying Bitcoin on Coinfinity
Coinfinity is an Austrian provider based in Graz that has enabled the purchase of Bitcoin since 2014. The company focuses exclusively on Bitcoin and does not offer any other cryptocurrencies.
The purchase process is straightforward. After registration, users can acquire Bitcoin via SEPA transfer, credit card, or using a Bitcoin voucher, which is available at selected sales points in Austria. Once payment is received, the corresponding Bitcoin amount is sent to the customer's specified wallet address.
A key feature of Coinfinity is that the provider does not custody the coins. The Bitcoin are transferred directly to the user's wallet. This entails full personal responsibility – if you lose your seed phrase, you will no longer have access to your coins. For experienced users who want to control their Bitcoin themselves, this can be an advantage. However, beginners should be aware that there is no safety net provided by the platform.
Coinfinity's fees are in the mid-range. The costs are clearly structured and without hidden spreads – the final price is displayed during the purchase process. However, the fees are higher than those of larger international exchanges like Kraken.
In summary, Coinfinity is aimed at users who want to buy real Bitcoin and self-custody them exclusively. However, those looking for a combination of self-custody and optional platform custody should also consider other providers.
4.5 Buying Bitcoin on Kraken
Kraken is one of the oldest crypto exchanges worldwide, founded in San Francisco in 2011. The platform offers trading in Bitcoin and numerous other cryptocurrencies, and with its professional trading environment, it primarily targets active traders.
The purchase process involves registration with identity verification (KYC). Funds can be deposited via SEPA transfer. Bitcoin can then be purchased either through the simple "Buy Crypto" view or via the advanced trading interface with limit and market orders.
Kraken offers high liquidity, which makes the platform particularly attractive for frequent trades.
Regarding security, Kraken states that it stores over 95% of client funds in cold wallets. The platform also offers two-factor authentication, API key restrictions, and email encryption.
Regarding regulation, Kraken operates for the European market through an Irish-regulated subsidiary. Client funds are therefore held in a foreign account – not with a German or Austrian bank. For investors who value a local bank connection and EU deposit insurance, this can be a significant disadvantage.
The user interface is available in two versions: a standard version for beginners and Kraken Pro for experienced traders with charts, order types, and analysis tools. Both are also available as mobile apps.
Another point: deposits and withdrawals on Kraken can occasionally take longer than with purely European providers like Bitpanda or 21bitcoin.
In summary, Kraken is an established platform with low fees and a wide range of features – however, with the typical limitations of a US provider regarding bank integration and deposit insurance in the European region.
4.6 Buying Bitcoin on Relai
Relai is a Swiss provider, founded in Zurich in 2020. The company focuses on buying Bitcoin via a mobile app and is primarily aimed at beginners who want to invest smaller amounts regularly.
A feature of Relai is that users do not need a traditional account. The Relai app (iOS and Android) automatically creates a Bitcoin wallet that is controlled by the user themselves. The purchased Bitcoin are sent directly to this wallet – Relai has no access to the private keys.
The purchase process works by selecting an amount and paying via SEPA transfer or credit card. Relai also offers savings plans through which investments can be made automatically weekly or monthly.
Since Relai does not custody client funds, the risk of a platform hack is eliminated. At the same time, full responsibility lies with the user: if you lose your wallet backup words, you will no longer have access to your coins – and there's no support that can reverse this. For beginners, this can pose a significant hurdle.
In summary, Relai is a straightforward app for buying Bitcoin with self-custody.
4.7 Buying Bitcoin with Strike
Strike is an innovative US provider that has revolutionized buying and sending Bitcoin via the Lightning Network. Founded by Jack Mallers in 2020, Strike's mission is to make interacting with Bitcoin as simple and cost-effective as possible. Unlike traditional crypto exchanges, Strike uses a payment service-like model where Bitcoin transactions are lightning-fast and almost fee-free.
In Europe, particularly in Germany and Austria, Strike has gained increasing popularity in recent years. Users especially appreciate its ease of use and the integration of the Lightning Network, which allows Bitcoin to be not only bought but also sent directly or used for payments. This clearly distinguishes Strike from traditional brokers or exchanges: here, Bitcoin is central as a means of payment, not just as an investment.
Getting started with Strike is straightforward. After downloading the app, a quick registration with identity verification follows. You can then top up your balance via SEPA transfer or credit card and immediately buy Bitcoin. The speed is particularly noteworthy: purchases are processed in real-time, and Bitcoin can be sent directly to your own Lightning Wallet or an on-chain address.
Another advantage of Strike is its Bitcoin-only focus. While many other providers offer dozens or hundreds of cryptocurrencies, Strike stays true to its path and focuses exclusively on Bitcoin. This not only ensures a clearer user interface but also reduces risks from volatile altcoins or speculative derivatives.
One point to note: Strike is a US company, and customer deposits are handled via foreign bank accounts. This means that no German or Austrian deposit insurance applies. Users should be aware of this fact, especially when larger amounts are transacted through the platform. In comparison, 21bitcoin, with an account at Volksbank Raiffeisenbank Bayern Mitte, offers a fully European solution with direct bank integration and deposit protection.
Nevertheless, Strike also impresses in terms of security. The app uses state-of-the-art encryption, two-factor authentication, and multi-signature technologies for wallets. Since Strike is strongly connected to the Lightning Network, transactions are not only fast but also privacy-friendly – personal information is processed as minimally as possible.
Overall, Strike is an exciting option for anyone who wants to actively use Bitcoin and not just hold it as a long-term investment. With its ease of use and the integration of the Lightning Network, Strike positions itself as a modern alternative to traditional exchanges – especially for users who want to experience the practical use of Bitcoin in everyday life.
5. Alternative to Coinfinity, Relai, and Strike
Anyone who delves deeper into buying Bitcoin will sooner or later come across providers like Coinfinity, Relai, or Strike. All three have established themselves as solid options for straightforward Bitcoin purchases – with a focus on user-friendliness, self-custody, and a clear Bitcoin-only approach. However, a closer look reveals relevant differences, particularly in the areas of regulation, banking infrastructure, custody, and fees.
Coinfinity is an Austrian provider with FMA registration, but it exclusively offers non-custodial purchases – Bitcoin is sent directly to your own wallet, and custody on the platform is not possible. This requires users to already have wallet experience and be able to securely store their seed phrase. For beginners, this can be a hurdle.
Relai is based in Switzerland and is subject to FINMA – but not EU regulation. Deposits are made to a foreign account without EU deposit insurance.
Strike is a US company that operates via the Lightning Network and offers extremely low fees. However, customer deposits are outside the European legal framework, and custody is custodial – meaning the user relinquishes control of their private keys to Strike.
Thus, all three providers lack at least one of the following points: EU regulation, European banking connection with deposit insurance, or a flexible custody model that caters to both beginners and experienced users.
This is where 21bitcoin comes in. The Austrian platform combines the advantages of these providers – simplicity, security, focus on Bitcoin – and complements them with a fully regulated, European setup. 21bitcoin is licensed as a Crypto-Asset Service Provider (CASP) in 30 EEA countries via the MiCAR license, processes customer deposits through an account at Volksbank Raiffeisenbank Bayern Mitte, and offers a hybrid custody model: users can conveniently hold their Bitcoin on the platform or transfer it to their own wallet at any time – including automatic wallet transfers.
For investors in Germany and Austria who want to buy real Bitcoin and do not want to forgo European regulation, deposit insurance, and a flexible custody concept, 21bitcoin is therefore the most obvious choice.
FAQ
How do I buy Bitcoin?
In three steps: Choose a platform or app, verify your identity, deposit money via SEPA, then buy the desired amount in Bitcoin. You don't have to buy a whole Bitcoin – you can start with small amounts (from €10 at 21bitcoin).
How much Bitcoin do I get for 100 Euros?
That depends on the current Bitcoin price, which is constantly changing. Since Bitcoin is divisible down to eight decimal places (Satoshis), you will receive a corresponding fraction for €100. The app always shows you the exact amount before you buy.
What does it cost to buy Bitcoin with 21bitcoin?
Fees are transparent and start from 0%. SEPA deposits are free, and there are no account, custody, or deposit fees.
Is selling Bitcoin tax-free?
In Germany profits are tax-free after a holding period of more than one year; if sold within one year, the personal income tax rate applies, provided that profits from private sales transactions reach the tax-free limit of €1,000 per year. In Austria a special tax rate of 27.5% (KESt) has applied since the 2022 tax reform, regardless of the holding period – there is no longer a tax-free holding period.
Where is the safest place to store my Bitcoin?
You have the choice: conveniently on the platform (custodial) or in your own wallet (non-custodial). At 21bitcoin, custodied Bitcoin is held institutionally in cold storage with BitGo (insured up to $250 million); you can send them to your own hardware wallet at any time via auto-wallet transfer.
Is 21bitcoin regulated?
Yes. 21bitcoin (FIOR Digital GmbH, Salzburg) is licensed as a Crypto-Asset Service Provider (CASP) under MiCAR and is supervised by the Austrian FMA. Customer deposits are processed via a German IBAN at the partner bank VR Bank Bayern Mitte.
Marketing communication from FIOR Digital GmbH (21bitcoin). Investments in Bitcoin are associated with risks and opportunities. Past performance is not an indicator of future developments.
