Bitcoin.de

Bitcoin.de Review

What is Bitcoin.de?

Bitcoin.de is an exchange based in Germany. It claims to be the “largest Bitcoin marketplace in Europe”, and allegedly has more than 800,000 customers. It has been active since 2013.

US-investors

Unfortunately for US-investors, this exchange prohibits US-investors from trading on its exchange. Interested US-investors must therefore refer to any of the other top crypto exchanges. But hey, if you’re a US-investor, why don’t you just use our Exchange Finder to find out which alternatives you have?

Bitcoin.de Trading View

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. At this exchange, there is only two order box and an order book at the trading section of the site. This makes it easily understandable for new crypto investors, while it might lack some features that more experienced traders look for. The below is a picture of the trading view at Bitcoin.de:

You can also access a number of different charts on the website with different levels of detail. Here is an example of a price chart obtained on 9 June 2019 where the gray dots are outliers in price:

Bitcoin.de Fees

Bitcoin.de Trading fees

This exchange 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 0.50% 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 Withdrawal fees

This exchange 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.

Deposit Methods

The exchange 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 Security

Bitcoin.de state on their website that they store 98% of all customer assets offline and have regular security audits performed by third party companies. Both of these things adds a layer of security to the platform.