Bitcoin.de Review


Bitcoin.de
bitcoinde

Short Review Bitcoin.de is a good way to buy bitcoin with SEPA

Bitcoin.de is not a traditional “exchange” but rather an online peer to peer marketplace for bitcoin. You are buying and selling with other users directly. Bitcoin.de is partners with Fidor Bank.

Ease of use
The site is easy to use, but if you are used to a “normal” exchange it might take some getting used to. After your account has been varified you can search the buy and sell offers. You can search according to price, location of the buyer or seller as well as their rating. Each user gets ratings for their business on the site. After agreeing to buy bitcoins you will need to transfer the money via SEPA or wire bank transfer directly to the user. Then the when the funds have arrived the other user releases the coins.

Trust
It is known what company is behind bitcoin.de and they have partnered together with the fidor bank in order to operate in Germany with a German “Bafin” licence.

Anonymous
You must be verified to use the site, this requires a bank account.

Security
Allthough some users have complained about security there have been no known hacks of the site. There is a 2FA that you have to set up in order to have an account.

Day Trading
The site is not made for day trading, you could agree to buy or sell several times in a day, but the transactions might be open untill the next day. Transactions are not instant.

Ease of use: A
Security: A
Trust: A
Anonymous: No
Day Trading: C
Altcoins: No

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