In this video I am going to show you how you can buy Bitcoin in Germany.
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Cryptocurrency is digital money. That means there’s no physical coin or bill — it’s all online. You can transfer cryptocurrency to someone online without a go-between, like a bank. Bitcoin and Ether are well-known cryptocurrencies, but new cryptocurrencies continue to be created.
A Bitcoin/cryptocurrency wallet is the first step to using Bitcoin or crypto.
A “wallet” is basically the equivalent of a bank account. It allows you to receive bitcoins and other coins, store them, and then send them to others.
A crypto or Bitcoin wallet is simply an app, website, or device that manages private keys for you.
Simply put there are wallets for holding your everyday spending money (hot wallets) and there are wallets for your long term savings (hardware wallets). There are even several types of both hot and hardware wallets.
A hardware wallet is a physical electronic device, built for the sole purpose of securing crypto coins.
Hot wallets are wallets that run on internet connected devices like a computer, mobile phone, or tablet.
You can buy crypto from Exchanges, My favourite is Coinbase but there are many others, make sure you buy from a reputable one
One big issue that comes up with buying from these exchanges is the account verification process, some nationalities are not allowed to open with them so make sure your nationality is accepted before trying to open an account.
I buy crypto using etoro, and if you want to support me please use my referral link to signup with them. ( https://posterity.online/s/etoro ).
My strategy with crypto is that I only invest the money that I will not need in the short term so invest only that amount which you wont need in a few years. A rule of thumb would be to invest and forget about it.
Bitcoin Taxes: https://posterity.online/s/bitcointaxes
00:00 What is Cryptocurrency
01:13 What are Wallets
04:13 Cryptocurrency Exchanges
05:59 Where I buy Bitcoin from
06:28 How to buy Bitcoin in Germany
08:09 Taxes on Bitcoin
08:58 My opinion on future of Bitcoin
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*None of this is meant to be considered as investment advice, as I am not a financial expert and am only sharing my experience with stock investing. The video is accurate as of the posting date but may not be accurate in the future.
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