How to buy and sell Bitcoin in Europe

If you are interested in cryptocurrencies and want to buy some Bitcoins. This guide will help those who are looking for the best ways to invest in Bitcoin, as well as in altcoins, while in Europe.

In Europe, people use special transfer systems such as SEPA, which do not restrict transfers within the country and also allow them to conduct payments internationally without noticing the difference compared to domestic payments.

Therefore, it is important that platforms, in particular, support this payment method and provide favorable conditions for buying bitcoins. This article explains how to buy and sell bitcoins in Europe using credit cards, SEPA transfers, payment systems, and other methods.

How to buy Bitcoin in Europe

Europe is one of the most favorable zones for cryptocurrencies. Some crypto assets are even supported by national banks, for example, in Italy and Switzerland. So, here are some ways to buy bitcoins:

• Cryptocurrency exchanges. Legal crypto exchanges support SEPA and other methods of international transfers. Exchanges offer a favorable exchange rate, but the exchange process itself is not the most convenient. In addition, crypto exchanges contain a trading terminal, which is not always easy for a novice to understand. This is why they often prefer decentralized exchange services;
• Peer-to-peer or decentralized exchange platforms through which users exchange directly with each other. This is the most convenient way to buy Bitcoin, but not the most profitable one. However, if you plan to buy crypto for long-term storage, it is best to use this method;

Exchanges

Crypto exchanges are the cheapest way to buy Bitcoin, since the exchange rate is as close as possible to the market price, and the exchange fees range from 0.1% to 0.5%. However, this is not the most convenient way to buy Bitcoin in Europe. Legal platforms that support fiat currencies and bank transfers, for example, through SEPA, usually require identity verification. This has a negative impact on privacy, since such sites keep records of user transactions.

• Coinbase is one of the most liquid platforms. The number of supported payment methods is limited, but the platform allows you to exchange bitcoins using bank cards and SEPA;
• Bitstamp is another regulated platform founded in 2011. This is one of the first crypto exchanges;
• Paymium was the first exchange in Europe. The platform was founded in 2011 and supports Euro, as well as payment via bank cards and transfers.

All these trading platforms are legal in Europe, but they support a limited number of cryptocurrencies. However, they are best suited for buying bitcoin, because they are safe and protected by law.

P2P exchange platforms

Bitcoin exchange platforms are a simple and fast way to buy cryptocurrencies. They usually support a variety of payment services, including credit cards, bank transfers, payment systems, and cash. But their main drawback is that they offer a rate higher than the market rate.

Their peculiarity is that they are usually available in many countries and provide the widest choice of payment methods, including cash, PayPal, Skrill, SEPA, Neteller, Western Union transfers and many others. These advantages compensate for the higher rate.

Another plus of P2P exchange platforms is that it is possible to earn income on the exchange. The services allow you to place your own orders for buying and selling bitcoin and set the exchange rate yourself. Thanks to this, users can buy bitcoin even below the market price, taking into account the exchange fee, which is usually about 1%. 

Which bitcoin exchange platforms are available in Europe:

• Coinmama is a major international currency exchange platforms registered in Slovakia. The service has more than 1.9 million users in 188 countries. The platform is regulated and registered as a money service in FinCEN. This is one of the safest sites, but the purchase fee can reach 6%;
• Bitpanda is popular among European users;
• Bitcoin.de — another major peer-to-peer exchange located in Germany that uses SEPA transfers. Unfortunately, this is the only payment method supported by the exchange, but the platform is reliable.

P2P exchange platforms are best suited for investing in cryptocurrencies for the long term. You buy coins from a merchant using a credit card, bank transfer, or payment system, and then withdraw them to your crypto wallet, where you can safely store the coins.

Thanks to the peer-to-peer approach, exchanges allow you to exchange cryptocurrencies without account verification, which has a positive effect on user privacy. However, even though the limits are set by the sellers themselves. however, please note that the seller may refuse to exchange a large amount if you have an unverified profile. In this case, you can split the purchase into several smaller amounts.

How to sell Bitcoin in Europe

If you already know how to buy Bitcoin in Europe, then you can also sell cryptocurrency the same way. Most likely, you buy bitcoin for the purpose of earning income, so you are looking for a way to sell it with profit, right? We have great news for you: we have found a service that allows you to sell bitcoin at the exchange rate bypassing crypto exchanges and get an extra bonus on top of it. 

HiRiBi offers the highest selling rate for Bitcoin

HiRiBi is a service that allows you to exchange Bitcoin for PayPal. When selling BTC, you get an extra bonus, which depends on the exchange rate of the cryptocurrency. Now it is about $700 to $1000 for one bitcoin. For example, at the time of writing, at the rate of $6853, you can sell bitcoin for $7881, while receiving a bonus of $1028. How did they manage to achieve this course? HiRiBi regularly monitors the market and major sites, which allows you to choose the highest selling rate.

Pros

• The highest rate on the market;
• PayPal support;
• Instant money withdrawal to PayPal after two confirmations in the bitcoin network;
• Withdrawal to your wallet directly without fees;
• Profitable affiliate program that allows you to get 2% for the exchange of referrals.

Cons

• You can only sell BTC and only for PayPal. But this is not a particular problem, since Bitcoin is the most popular cryptocurrency, and PayPal is the most popular payment system.

Summary

Some sites are great for buying, but not the most profitable for selling BTC. If you want to buy bitcoin, then platforms such as Coinbase, Bitstamp or Bitpanda are perfect. And for sale, you can use HiRiBi, since it offers the highest rate on the market.