Buying Bitcoin in Europe: This is what you need to know

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Europe has been one of the top continents to have embraced the development of cryptocurrency. If you are presently in Europe and thinking of how to jump on the crypto wagon and make some money for yourself, you are thinking in the right direction. Cryptocurrency has made thousands of people rich in the past, and it’s still doing so. With Bitcoin, you can make good money for yourself too.

In this post, we will be showing you how to buy Bitcoin in Europe and some safety measures you will need to put in place to protect yourself and your fund. Bitcoin is not just the first cryptocurrency but also the largest and the most popular. It paves the way for other crypto assets and determines their growth in the market. We will assume you already know enough about Bitcoin, so let’s get straight to the heart of the post.

There Are Different Ways You Can Buy Bitcoin in Europe

Yes, there are multiple options open to you when you are in Europe and looking to buy Bitcoin. Unfortunately, not all Bitcoin investors and enthusiasts know this. Many of them assume you can only get your Bitcoin from a cryptocurrency exchange. That’s not it. Let’s show you some places you can get your Bitcoin from.

·         You can buy from a crypto exchange and crypto brokers

This appears to be the most popular option when looking to buy Bitcoin. A cryptocurrency exchange is a platform that allows you to buy any type of cryptocurrency you want, including Bitcoin. There are many of them scattered everywhere across Europe. They charge you a small fee for any transaction you make on their platform in exchange for their service.

Brokers are quite similar to crypto exchanges, just that brokers provide a much simpler platform for users. That means their platforms are more tailored to serve beginners and less complicated Bitcoin traders. On the other hand, their transaction fees seem to be a bit higher than what crypto exchanges offer. But brokers will give you a smoother and much faster buying experience.

Some popular crypto exchanges and brokers in Europe are Anycoin Direct, Kraken, eToro, Coinbase, Bitpanda, etc. All of them allow you to buy your Bitcoin safely without any issues. Yes, you can buy with your preferred currency, whether pounds or euro.

·         You can buy from merchant stores

Not everyone knows this. You can actually buy your Bitcoin from a variety of stores across Europe. There are lots of them scattered across the continent, and many of them will even allow you to buy some other cryptocurrencies asides from Bitcoin.

One interesting perk with these physical stores is also that they allow you to buy any Bitcoin of your choice using cash. Some merchant stores that sell Bitcoin in Europe are LitBit, BitPanda, Bitcoinbon, Tabacs, Cashin, etc.

·         You can buy from a Bitcoin ATM

Like a traditional cash ATM that dispenses cash, there are also Bitcoin ATMs that allow you to conduct transaction in Bitcoin, including buying and selling your Bitcoin. This provides a much easier and faster way for anyone that wants to buy Bitcoin in Europe. Plus, it comes with the perk of allowing you to buy without verification.

However, you need to take safety much more seriously when choosing to buy your Bitcoin from a Bitcoin ATM. So to go ahead with this method, just search online for the nearest Bitcoin ATM and use it to buy your Bitcoin. Some countries that presently have the most Bitcoin ATMs are the U.K., Spain, the Czech Republic, and Slovenia. Check the CoinATM Radar map to know how close you are to a Bitcoin ATM.