Bitcoin has become a popular topic of conversation in Germany, and many people are interested in crypto and have also tried it out for themselves. You may have often heard your friends and co-workers casually talking about their favourite crypto exchange. Learning from others’ firsthand experiences is an excellent way to understand crypto. However, ultimately, you need to do honest research before opening an account on any platform. In this frenzied trading environment, it seems like everyone is asking the same question: what’s the best crypto wallet in Germany?
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Crypto.com: 1st Best Crypto Wallets in Germany
Crypto.com offers a tax calculator to help you compute your complicated cryptocurrency taxes at no extra cost, 8% cashback on all crypto purchases with the Crypto.com Visa Card (up to 14.5%), and instant loans with no deadlines. Crypto.com supports over 250 cryptocurrencies, which can be bought with 20+ fiat currencies.
The platform has an Android and iOS app and supports margin trading, derivatives trading, and more. You can get paid for goods and services in crypto and also utilize the guides and learning materials as well as the price widgets and hosted wallets. So, if you are looking for a crypto wallet in Germany, then Crypto.com is a good option.
Binance: 2nd Best Crypto Wallets in Germany
Binance cryptocurrency exchange offers features like its own token, which can be used to pay lower gas fees when buying crypto on the platform. It also has its own blockchain for hosting dApps and other services, APIs, charting tools, mobile apps, and support for over 40 fiat currencies.
For those who want to buy crypto on the platform, there are derivatives as well as multiple deposit methods (SEPA, bank transfers, PayID, SWIFT, Western Union, Revolut, and crypto). However, crypto derivatives and future products are unavailable in Germany since Binance received warnings from the country’s financial regulator BaFin.
Hodlnaut: 3rd Best Crypto Wallets in Germany
Hodlnaut is a crypto interest-earning platform available worldwide, including in Germany. Users can deposit coins like BTC, DAI, ETH, USDC, USDT, and WBTC and earn up to 9.41% APY—one of the highest interest rates in the industry. Hodlnaut also offers an innovative Preferred Interest Payout feature that allows users to earn interest in the crypto of their choice. With this feature at your disposal, if you deposit BTC, for example, you can choose to earn interest in any of six supported currencies.
Hodlnaut offers a convenient and secure platform that is available on both iOS and Android apps. It’s designed for ease of use, and the platform has also partnered with Fireblocks to provide customers with good security for their digital assets. There is also an optional Nexus Mutual Custody Cover that acts as an additional layer to safeguard funds, so if you’re looking for a safe and secure platform that offers high-interest rates in Germany, then Hodlnaut is the right choice.
BlockFi: 4th Best Crypto Wallets in Germany
BlockFi is a crypto lending platform that lets you earn interest on your digital assets. Cofounded in 2018, the New York-based company lets you deposit cryptocurrencies like BTC, LTC, ETH, USDC, and GUSD into your BlockFi wallet to earn up to 9.5% annualized interest. With BlockFi, you can also borrow against your assets—as opposed to selling them—to fund other investments or personal needs. BlockFi offers competitive rates for both USD loans and crypto loans with no prepayment penalties or hidden costs; pricing is transparent and based on market rates.
BlockFi has unveiled a new rewards credit card that lets customers earn Bitcoin on all their purchases. The card offers 1.5% cashback in Bitcoin on all purchases with no annual fee. Plus, users can earn 3.5% back in Bitcoin within their first three months of using the credit card.
CoinSmart: 5th Best Crypto Wallets in Germany
CoinSmart is here to help you understand and use cryptocurrencies like Bitcoin, Ethereum, and Altcoins like Doge and Solana. The trading platform breaks down the barriers of complex transactions and offers 24/7 omnichannel support to make it easy for you to learn about crypto.
CoinSmart is a Canadian-headquartered crypto asset trading platform registered with the Ontario Securities Commission and securities regulators across Canada. The cryptocurrency exchange lets you buy and sell crypto in as little as five minutes and is one of the first Canadian-run trading platforms to have an international presence.
Conclusion
As more and more people join the cryptocurrency craze, many aspiring traders feel pressured to purchase their first cryptocurrencies. The price of some coins has risen dramatically, so the fear of missing out (FOMO) is strong among those who have not yet invested. Yet investing in cryptocurrency is inherently risky. The choice to participate in this market is a personal one, and when you do decide to sign up for an exchange, it pays to have done your research.
The trading platforms presented here represent the best exchanges in Germany, based on factors like customer service and ease of use. We hope you found the list of cryptocurrency wallets in Germany useful and would love to hear your thoughts.
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