Bitcoin Trading in Germany: 6 Things You Must Know
Taxes, trading, regulation and product availability
According to a Yahoo! Finance study from September 2023, Germany is in the top 20 countries in terms of Bitcoin owners as a share of the population. The adoption rate is highest among the youngest generations of Germans— last year, the cryptocurrency exchange KuCoin reported that 28% of Gen-Z crypto users in the country utilize digital currencies for payments, while 51% of all crypto users are Millennials. Considering the rising popularity, especially with less experienced traders, it is essential to understand some key facts and specific requirements that are in place in Germany.
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Why does Bitcoin attract investors in Germany?
Bitcoin (and crypto in general) trading is not like trading stocks or bonds. There are no cash flows or underlying financials that can be used to estimate a fair…
