How to buy Bitcoin and Crypto in Austria

How to buy Bitcoin and Crypto in Austria

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January 14, 2023
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Summary: The easiest way to buy Bitcoin or Cryptocurrencies as a resident of Austria is by signing up to a licensed and regulated digital asset trading platform. With this method, customers can deposit Euros (EUR) from any Austrian Bank via bank transfer, debit card or credit card to securely invest in the asset class.

For investors looking to get started quickly, we recommend the Uphold platform. They offer fast and free Euro (EUR) deposits to trade over 200 cryptocurrencies on their secure & regulated exchange. They are also one of the only platforms in Europe with an audited proof-of-reserves that is updated daily showing that customer funds are always held 1:1 in secure storage.

Table of Contents

Best Crypto Exchange for Austria

Platform Highlights

  • Trade 210+ Cryptos with Fast and Cheap Euro (EUR) deposits from any Austrian Bank.
  • Regulated in Austria & Europe and has audited Proof-of-Reserves for customer funds.
  • Offers multiple asset classes including Crypto (and Crypto Staking), Stocks, ETFs, Metals, Currencies and more.
Uphold - Austria
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Audited Proof of Reserves
Audited Proof of Reserves

How to Buy Bitcoin and Crypto in Austria

The best way to buy Bitcoin or Cryptocurrencies in Austria is by signing up to an EU licensed digital asset trading platform like Uphold. They offer fast and cheap EUR deposits via Bank Transfer, Debit Card/Credit Card, or PayPal to buy and sell over 200 cryptos and hundreds of Stocks, ETFs, Commodities, Options, and more.

You can get started buying Bitcoin with this simple guide:

  1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
  2. Connect Account: Connect any Austrian or European Bank account to Uphold to deposit Euros (EUR).
  3. Deposit Funds: After selecting "My banks" you can select the amount of EUR to deposit and complete the transfer.
  4. Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Trade Crypto with Euros in Austria.

Best Exchanges to buy Bitcoin or Crypto in Austria

If you're looking to buy Bitcoin or Crypto in Austria, there are a few things you need to know. First, you'll need to find a reputable exchange that supports users from Austria. Next, you'll need to make sure that the exchange offers competitive rates and fees. Finally, you'll want to consider the security and safety of the platform before making your purchase.

To help you find the best exchange to buy Bitcoin in Austria, we've compiled a list of some of the top platforms available. All of these exchanges offer competitive rates and fees and have been carefully vetted for security and safety. So, whether you're a first-time buyer or an experienced investor, you can be sure that you're getting the best possible service.

  1. Uphold
  2. Coinbase
  3. Bitpanda
  4. Coinmama
  5. CEX.IO
  6. Bitfinex
  7. Gemini
  8. Bittrex

Is Buying Crypto Legal in Austria?

Yes, it is legal to buy Bitcoin in Austria. There are no specific regulations regarding the purchase or ownership of Bitcoin in the country. However, Bitcoin is subject to general tax rules. When buying Bitcoin, standard capital gains taxes do apply similarly to buying stocks or ETFs.

Bitcoin is subject to general tax rules in Austria. When selling Bitcoin, capital gains taxes may apply. Bitcoin is also subject to value-added tax (VAT), but only when used as a payment method. When using Bitcoin for investment purposes, VAT does not apply.

Is Bitcoin popular in Austria?

Bitcoin and digital assets have seen increasing popularity in Austria in recent years. Cryptocurrency exchanges are springing up all over the country, and Bitcoin ATMs are becoming more common. Investment in Bitcoin and other digital assets is also on the rise. A recent survey showed that 12% of Austrians have invested in cryptocurrencies. This figure is expected to grow in the coming years.

The Austrian government has taken a positive stance on Bitcoin and blockchain technology. The country's former Chancellor, Sebastian Kurz, has said that he wants Austria to be a "pioneer" in the development of these technologies. With its favorable attitude towards Bitcoin and digital assets, as well as its growing adoption, Austria is poised to become a major player in the cryptocurrency space.

Final Thoughts

Fortunately for investors in Austria, The Austrian Financial Market Authority (FMA) has enacted favorable regulations toward the digital asset ecosystem which makes it easy to buy, sell and trade cryptocurrencies in the country. This means that residents have a wide variety of secure and regulated options to buy and stake cryptocurrencies with low fees and secure deposits.

That said, our top pick for investors in Austria is Uphold because they have held a license since 2007 and offer multiple asset classes in one easy to use platform.

Dylan Matthews

Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.

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