One cannot help but take a look at the most valuable and oldest cryptocurrency in the world - Bitcoin. After all, the market dominance of bitcoin (as of April 6th, 2022) is 41.5%. The BTC course also decides on the development of the entire sector. Those who invest in cryptocurrencies will often also buy bitcoins in Germany. At the same time, Bitcoin is likely to be the basic investment in the crypto sector . However, before investors buy Bitcoin, they should acquire certain basic knowledge. This includes how Bitcoin works, the opportunities of the most valuable cryptocurrency and also the risks. If you want to invest money in Bitcoin, you should also choose the best provider. In our guide for crypto beginners, who are interested in Bitcoin, there is everything you need to know about Bitcoin, the best providers, the costs, opportunities and risks. Should you buy Bitcoin in 2022 or not? That is the crucial question!

Where to buy Bitcoin: The best providers at a glance

The number of providers offering Bitcoin is constantly increasing. If you want to buy Bitcoin, you are spoiled for choice. In the following article we want to present eight providers from whom you can buy Bitcoins safely and online in Germany . While there are good arguments for opening an account with most bitcoin brokers , the number 1 in comparison is an excellent solution for crypto investors with different needs. Because crypto beginners, long-term Bitcoin holders and short-term traders all get their money's worth here.

1. eToro

A good address for all investors who want to buy bitcoins is the online broker eToro . The experienced broker based in Cyprus offers numerous assets that can be bought directly or traded via CFD. eToro now has an increasing range of cryptocurrencies, so there are over 50 different coins to choose from . eToro recently adjusted the fee structure when buying cryptocurrencies so that the fixed spread is 1% . The online broker waives the commission in full. No deposit fees, a diverse selection of cryptocurrencies, app and demo account as well as social trading functions ensure enthusiasm, so that beginners in particular get their money's worth if they want to invest money in Bitcoin for the first time. 

What we like about eToro:

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

2. Crypto.com

Crypto.com is one of the world's leading companies when it comes to various crypto services. There are over 250 cryptocurrencies to choose from on their own platform , including Bitcoin, of course. After a convenient deposit via bank transfer or credit card, investors can quickly buy their first bitcoins. The offer is constantly being developed. For example, lending services or NFT trading are also possible via Crypto.com. 

What we like about Crypto.com:

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

3. Capital.com 

Capital.com is an experienced CFD broker offering a wide range of assets. With the triumph of cryptocurrencies, Capital.com has also included digital coins in its range. These can be traded attractively on the versatile and functional platform. The fee structure is cheap and the liquidity at Capital.com is comparatively high. Capital.com customers can deposit and trade from as little as 20 euros. Capital.com also does not charge a commission, only the spreads are incurred here. 

What we like about Capital.com:

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

4. Huobi 

The provider Huobi, which was formerly focused on the Chinese region, has advanced to become a global crypto exchange in recent years . Huobi currently has over 400 cryptocurrencies , the selection is enormous. In addition to Bitcoin, customers can thus buy the coin of their choice and benefit from a secure platform. Customer service is available 24/7 to address customer concerns. At the same time, the start succeeds within a very short time, since the account setup is par excellence.

What we like about Huobi:

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

5. Bitpanda 

With Bitpanda, investors can also buy Bitcoin from a company that comes from Austria. The company, which is regulated and licensed there, now has several million users who rave about the platform and handling . There are probably better providers if you only want to trade cryptos. The fees are unfortunately a bit high at 1.49% and more. However, there is an additional debit card for this, so Bitpanda is much more than a Bitcoin broker. In the future, customers will be able to make payments with their bitcoins via the debit card.

What we like about Bitpanda:

6. Bison app 

The Bison App is an offer from Boerse Stuttgart and is ideal for beginners who want to buy cryptocurrencies such as Bitcoin. Users can use the Bison app without their own wallet, depot or time-consuming registration. Currently, however, only a few cryptocurrencies are available here . However, there is a user-friendly design and the option to buy bitcoin parts regularly via a savings plan. Experience has shown that the spreads are within a fair range, the rest of the offer is completely free. 

What we like about Bison App:

7. Binance 

The crypto trading exchange with the highest turnover in the world fully lives up to its claim and offers a comprehensive selection. Investors can buy over 600 cryptocurrencies here. Of course, investing in the most valuable cryptocurrency Bitcoin is also possible. The fees are limited to the spreads, which are extremely competitive and low. Almost 100 million people rely on Binance's offering, so liquidity is extremely high. Experienced traders benefit from analysis tools or the NFT market. 

What we like about Binance:

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

8. Coinbase

Coinbase is a crypto exchange that is also licensed in Germany . If you want to buy Bitcoin safely and quickly, you will find a renowned broker in Coinbase. At the same time, investors can also regularly buy bitcoin parts, as there is a savings plan function . Overall , the Coinbase range includes over 100 cryptocurrencies, and experience has shown that security is high. If you want to continue your education, you can benefit from the training material at Coinbase. At the same time, there are also opportunities in the area of crypto staking.

What we like about Coinbase:

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

Buy Bitcoin - Fees Comparison

Bitcoin Price Prediction: What Will the Future Bring?

If investors want to buy Bitcoins, they should also take a look at the forecasts of the experts . Because numerous analysts deal with the best-known cryptocurrency in the world and believe in a successful future. It is true that bullish price forecasts should always be treated with caution and the strong differences in price forecasts should be acknowledged. In order to get an impression of the expert opinions, here are some Bitcoin course forecasts at a glance.

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

Buying Bitcoin: Is Now the Right Time?

A look at the price chart shows that the BTC price (as of April 6th, 2022) has lost around 8% of its value since the beginning of the year. Nevertheless, a strong recovery movement followed in the past few weeks, which drove Bitcoin to over USD 40,000. A volatile price development remains likely for Bitcoin for the next few months. In this regard, it seems difficult for long-term investors to identify the perfect time to buy Bitcoin.

A savings plan investment may be an option for a low-risk entry into Bitcoin . With cost averaging, crypto fans can reduce their risk and increase their Bitcoin position in the event of corrections at cheaper rates. Furthermore, the long-term growth prospects for the crypto market as a whole and Bitcoin in particular are intact. Therefore, investors should seriously consider buying Bitcoin in 2022.

Invest in Bitcoin: Five reasons to buy BTC 

But why should you buy Bitcoins? What is the investment case for buying the world's most valuable cryptocurrency? There are certainly different reasons for including Bitcoin in your own crypto portfolio.

In the following section, we look at five reasons why BTC could outperform over the long term. Therefore, BTC should not be missing in any crypto depot as a basic investment. 

1. Strong growth in the crypto market 

Of course, there are enormous ups and downs in the young asset class of cryptocurrencies. Cryptos are volatile. Nevertheless, the crypto market has been in a long-term intact growth trend since 2009 . In the early years, bitcoin was traded for less than one US dollar. The BTC price is currently moving between 40,000 and 50,000 US dollars in April 2022. The ROI is enormous if you invested in Bitcoin early enough. But investors could think so again in ten years or more if the BTC price continues to develop strongly. The adoption of cryptos is progressing and should help Bitcoin in particular to a significantly higher market cap. 

2. BTC as the leading digital currency 

As the oldest cryptocurrency with a current market dominance of over 40% , Bitcoin plays an important role. BTC has developed into a kind of digital reserve currency over the years. If the sentiment in the crypto market is positive, the Bitcoin price will also rise. Anyone who believes in increasing acceptance of digital currencies should also ascribe future potential to Bitcoin. 

3. Bitcoin as a means of preserving value 

Bitcoin as a store of value and asset protection in crises - this thesis has not yet prevailed. But what is not, can still be. Because of its limited number, Bitcoin has the potential to increase its value in times of inflation and crises. While many investors are still looking to escape to the precious metal gold, Bitcoin could become the means of storing value in the 21st century. After all, cryptos are significantly more popular with young investors than precious metals.

4. Long-term bullish price predictions 

Many analysts attribute further upside potential to the Bitcoin course. This should motivate private investors to buy bitcoins. For example, Ark Invest fund manager Cathie Wood drew attention this year when she predicted Bitcoin would hit $1 million by 2030. But even established players in the financial sector such as Bloomberg or JPMorgan see sustainable upside potential. 

5. Decentralized and limited supply 

Bitcoin is the counterpart to the conventional financial industry and fiat currencies. The digital transformation is changing our lives, disruptive developments are likely to increase in the coming years. At this point, there are two important properties of Bitcoin that make it a serious alternative.

Because thanks to blockchain technology as a basis, Bitcoin is a decentralized cryptocurrency . Bitcoin buyers become independent of the conventional financial world with its numerous intermediaries. Rather, the Bitcoin gives a good deal of personal responsibility back to the consumer thanks to the P2P structure. In addition , many states and fiat currencies are struggling with strong inflation in 2022 , which is historically high at the beginning of the year if you take the last few years or decades as a benchmark. Due to the strictly limited supply of 21 million Bitcoin, this is designed to be anti-inflationary. 

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

Which bitcoins to buy? Limited supply at bitcoin

Cryptocurrencies are basically fungible. This is the crucial difference to the so-called non-fungible tokens (NFTs). Therefore the question "Which bitcoins to buy?" is obsolete. Because every bitcoin is like the other . There are no differences in this regard. The value is always the same and no investor can choose which bitcoin he receives. Nevertheless, a look at the Bitcoin offer can be worthwhile in principle. Because the offer is very limited.

The maximum number of bitcoins that can be mined is 21 million bitcoins. In April 2022, Bitcoin passed the 19 million coin mark. As a result, only two million more bitcoins will be mined over the next few decades. The supply is strictly limited, which in turn has a positive effect on the price development when demand remains the same or increases. 

Buy Bitcoin Instructions: Buy Bitcoin easily in four steps! 

How to buy bitcoins: buy real bitcoin or use derivatives? 

Investors are spoiled for choice when investing in Bitcoin. Because on the one hand you can buy Bitcoin directly and physically . On the other hand, it is also possible to map its value development using derivatives . From this perspective, the online broker eToro is a good choice as both are possible here. 

Physical investing in Bitcoin is ideal for all long-term investors who believe in Bitcoin technologically and want to be part of a large community. With the purchase of the bitcoins, the holders have sole decision-making power and can transfer this to their own wallet.

On the other hand, Bitcoin CFDs are a good choice for those investors who want to benefit from Bitcoin in the short term . Because the so-called contracts for difference offer the possibility of building up long or short positions. Consequently, profits can be made when Bitcoin rises or falls. At the same time, traders benefit from the leverage, which can increase profits. 

Buy bitcoin parts: is it possible? 

Can you also buy bitcoin parts? Beginners often ask this question. But of course, it is not necessary to buy an entire bitcoin worth over $40,000. Bitcoin can be divided into any number. Most brokers or exchanges offer investing in cryptos from small amounts of 10, 20 or 50 euros. This is also recommended at the same time. Since there are of course risks with Bitcoin, investors should always practice sufficient diversification and not weight Bitcoin too highly. The purchase of a whole bitcoin is therefore only suitable for investors who have assets in the high six-digit range. 

What is the best method to buy bitcoins? 

But what is actually the best way to buy bitcoins ? After all, there are not only different providers, but also trading places that already differ in their function. That's why we want to take a look at the three common methods below - the Bitcoin broker, the crypto exchange or a decentralized exchange (DEX).

Bitcoin brokers

Bitcoin brokers are online brokers who also offer cryptocurrencies . The triumph of digital currencies did not ignore the traditional brokerage offer. Those who used to primarily offer investing in shares, ETFs, commodities and the like will often also have cryptos in their repertoire in 2022 . Popular bitcoin brokers are eToro or Capital.com. 

crypto exchange 

A crypto exchange within the meaning of this article is a so-called CEX, in which trading is processed via a central actor . The functionality is comparable to brokers in the stock market. Popular crypto exchanges are Crypto.com, Huobi, Binance or Coinbase. 

Decentralized Exchange (DEX)

A special feature of the crypto market are the so-called Decentralized Exchange (DEX). There is no middleman with the DEX, which sets this method apart from bitcoin brokers and crypto exchanges (CEX). On the DEX, buyers and sellers come together directly via a central order book. If supply and demand match, there is a matching and the trade is executed. Trading takes place via smart contracts and liquidity pools of the DEX. This results in a higher level of security and anonymity . DEX are an exciting choice for advanced investors. 

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

How to buy bitcoin safely? The best tips 

Many investors are still reluctant to buy Bitcoin due to security concerns. The chances are immense. Cryptocurrencies act as an exciting addition to a portfolio and could also significantly increase diversification in the future. Therefore, in the following section, we have provided a guide for Bitcoin beginners to buy Bitcoin as safely as possible.   

1. Reliable provider 

For maximum security when buying Bitcoin, investors should choose a reliable provider. Since there are numerous scam providers in the crypto market, a broker or a crypto exchange from this article is recommended. Because all the providers presented are experienced, renowned and convince with high security standards. 

2. The right safekeeping: Bitcoin wallet 

For beginners, the correct safekeeping of bitcoins should be a mystery. Because the transfer to your own wallet is possible to ensure sole access. But then you should first find out about the best wallet providers and understand the basic functionality. Alternatively, you can buy bitcoin from a broker who will take care of the custody. For example, the 

3. Buy Bitcoin costs

Those who pay too high fees risk losing great performance when buying Bitcoin. The return on investment drops significantly. In times of cheap crypto exchanges, high fees are simply unnecessary. Therefore, when comparing brokers, investors should pay particular attention to fees such as commission and spread in order to achieve the best possible return.   

5. Timing when buying Bitcoin 

The right timing is of great importance when buying Bitcoin. Anyone who invests in Bitcoin during hype phases may soon get a rude awakening. Because flash crashes and massive corrections are not uncommon in the Bitcoin course. To reduce the risk for beginners, they can use a Bitcoin savings plan or access corrections as part of the buy-the-dip strategy. At the same time, a crypto mindset is required to sit out the historically strong fluctuations without fear.

Cryptocurrencies are a highly volatile investment vehicle. Your capital is at risk.

Sell Bitcoin: How does it work? Beginner's Guide

At best, crypto fans want to sell their bitcoins at some point for a profit. But how does the sale of Bitcoin actually work? In the following instructions, we will use eToro as an example to show you how to sell Bitcoin and what is particularly important. 

The sale of Bitcoin at eToro must be done through your own portfolio . Here you click on the Bitcoin and carry out the sale. Whoever clicks on “sell bitcoin” via the search bar or categories enters a short position. In addition, it is extremely easy to sell Bitcoin. This can be done in a few minutes and only costs the spread, since eToro does not charge a commission.

Investing in Bitcoin: These are the risks 

Of course not all that glitters is gold. The immense opportunities with Bitcoin are offset by some risks. These should not deter investors from buying bitcoins. Nevertheless, an awareness of Bitcoin risks helps with appropriate weighting and investment strategy.

Bitcoin Wallet: The best way to store Bitcoin! 

When it comes to storing cryptocurrencies, the focus is on the wallet . This is a kind of digital wallet. Depending on your needs and preferences, you can first buy Bitcoin and then store it in a paper, online, mobile or hardware wallet. Each type offers both advantages and disadvantages. However, it is particularly important to take into account the special features with regard to security.

Experience has shown that the online wallets from eToro or Crypto.com are a good choice. But even with the Trezor Wallet as a hardware version or the Mobile Trust Wallet, Bitcoin holders can’t go wrong. 

Conclusion: Buy Bitcoin now? 

Bitcoin is the most valuable and popular cryptocurrency in the world. Even in 2022 it can make sense for investors to buy Bitcoin. Because the long-term parameters point to the establishment of cryptos. Most experts publish bullish price predictions for Bitcoin.

If you want to buy Bitcoin reliably and easily, you can choose the online broker eToro, which scores with security, convenience and choice. At the same time, it is possible to open a demo account without obligation and free of charge. Then you can buy Bitcoin shortly and benefit from hopefully rising Bitcoin prices. 

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