Buying cryptocurrencies with Giropay is a simple and convenient option for German users. We recommend using a reputable cryptocurrency exchange such as Bitvavo to buy Bitcoin or other cryptos such as USDT with Giropay.
Bitvavo is a regulated crypto exchange with over 300 supported cryptocurrencies, advanced features, and, most importantly, very low fees. We will also present you with the best alternative options if you can not use Bitvavo due to regulatory restrictions.
Note: If you are restricted from using Bitvavo due to regulations, the top alternative is Bitpanda.
Can I Buy Cryptos With Giropay?
Yes, buying cryptocurrencies such as Bitcoin with Giropay is a legal, simple, and convenient way to get your hands on digital assets. The easiest and safest way to proceed is to choose a reputable crypto exchange that facilitates Giropay transactions. For this, we recommend Bitvavo.
Simply add your Giropay and make the transaction. The best thing about buying cryptos via Giropay is that the transactions are finalized within just a few minutes, so you can start trading right away.
How To Buy Cryptos with Giropay
The best place to buy Cryptos with Giropay is Bitvavo, a leading cryptocurrency exchange with over 30 million users, supporting 300+ crypto assets across 40 European countries, making Bitvavo a leading crypto exchange platform. What we love about Bitvavo is its simple interface and the low trading fees of 0.15%.
Follow our simple step-by-step guide below to buy cryptocurrencies via Giropay on Bitvavo:
- Visit the official Bitvavo website and create your account.
- Verify your identity by providing a government-issued ID and finish the facial recognition test.
- On the homepage dashboard, click on “Deposit” on the right-hand side.
- Change the payment method, select “Giropay,” and click on “Confirm.”
- You will be redirected to the Giropay website, where you have to finalize the transaction.
- Usually the Giropay deposits just take a few minutes. Once your Euro deposit arrives, you can start buying cryptos such as Bitcoin on Bitvavo.
Recommended Alternatives
When Bitvavo isn’t accessible in your area, consider top-tier crypto exchanges like Bitpanda as a reliable alternative.
Bitpanda is a fully regulated Austrian crypto exchange focusing on the European market. With a user-friendly design and Giropay integration, Bitpanda is a top choice for users seeking payments via Giropay.
What are the Fees?
Giropay crypto purchases typically involve fees ranging from 1.75-2% based on the current conversion rate (note that the payment provider always adjusts the rates).
Additionally, you should consider trading fees. Bitvavo excels with a generous spot market pricing structure. Its low trading fees of only 0.15% per transaction enhance its value proposition. Bitpanda charges higher fees of 1.49% per transaction, making it a rather pricey choice.
About Giropay
Giropay is a popular online payment method in Germany, offering secure and direct bank transfers. Launched in 2006, it allows customers to make instant payments using their online banking credentials. Giropay is integrated with over 1,500 German banks, ensuring widespread accessibility. With real-time transaction confirmation and no registration required, it provides a convenient solution for e-commerce, utility bills, and other online purchases. Giropay prioritizes data protection, making it a trusted choice for German consumers.
Giropay offers a simple and straightforward way to purchase cryptos on reputable crypto exchanges such as Bitvavo and Bitpanda.
Bottom Line
Giropay has emerged as a preferred method for cryptocurrency acquisition in Germany. The process is straightforward: Select a reputable, regulated exchange like Bitvavo or Bitpanda, complete identity verification, and instantly purchase popular cryptocurrencies such as BTC, ETH, or USDT using Giropay.
Bitvavo’s fee structure is particularly competitive. With spot trading fees at 0.15%, it offers exceptional value for traders.
For users in regions where Bitvavo is unavailable, Bitget serves as a viable alternative, with its own set of features and fee structures to consider.
