Summary: Acquiring Tether in Germany can be securely executed through reputable cryptocurrency exchanges that accept EUR deposits. Finding a platform compliant with the Federal Financial Supervisory Authority (BaFin) regulations is recommended to secure your assets. This method is advantageous for German residents, offering convenient funding options via local banking systems or debit and credit cards to purchase USDT and other stablecoins.
Our thorough assessment highlights Bitpanda as the best option for buying Tether in Germany. It is recognized for its swift deposits, free EUR deposits, English and German interface, and a diverse selection of over 3,000 cryptocurrencies, stocks, ETFs, precious metals, and more. With competitive fees and a solid reputation for dependability, Bitpanda is a preferred choice for German investors. Besides buying USDT, users can also stake it on the platform for high yields.
- Fast and free Euro (EUR) deposits to buy Tether (USDT) in Germany.
- Trade 3,000+ crypto assets, stablecoins stocks, ETFs and more in one platform.
- Offers crypto staking with up to 25% APY in rewards.
Bitpanda is licensed and regulated by The Federal Financial Supervisory Authority (BaFin).
Can I Buy Tether in Germany?
Yes, German investors to transfer Euros from their accounts to cryptocurrency exchanges in Germany for the purpose of buying Tether. It’s essential to use one that complies with the regulations of the Federal Financial Supervisory Authority (BaFin). Banks do not directly offer services for purchasing or selling stablecoins. As a result, those interested in acquiring USDT need to use a dedicated trading platform regulated by BaFin to carry out their digital asset transactions
How to Buy USDT in Germany
The simplest approach to buying Tether and other digital currencies using a German bank account is through a regulated exchange operating within the European Union. After examining various platforms, we recommend Bitpanda because it complies with BaFin regulations and its fast Euro deposit options, including SEPA bank transfer, credit card, Sofort, debit card, and more.
Start trading Tether in Germany by following these steps:
- Register an account with Bitpanda and complete the identity verification process.
- Click on the 'Deposit' button to move EUR from your German bank account.
- Choose your preferred deposit method (for instance, SEPA) and enter the amount you wish to transfer.
- Once your account is funded, search for USDT in the crypto list, select it, and execute your purchase.
Is Tether (USDT) Legal in Germany?
Yes, Tether is legal to buy, sell, hold, and trade in Germany. Digital assets, including stablecoins, are treated as "private money" or "digital money" by the German regulatory authorities. However, any exchange offering trading services for cryptocurrencies must be registered and regulated by the Federal Financial Supervisory Authority (BaFin) in Germany. It’s important to use a licensed and regulated platform when buying or trading digital currencies. Remember to consult with a financial advisor or legal expert if you're unsure about the current regulations.
EUR to USDT Fees
The expense of exchanging Euros to Tether fluctuates across different cryptocurrency platforms. Bitpanda features a favorable fee framework, including complimentary bank and SEPA transfers for depositing EUR into your account. This elimination of deposit charges greatly diminishes the total cost of transactions.
Bitpanda levies a nominal trading fee of only 0.15% for purchasing USDT or other digital currencies, which is competitively low in comparison to other exchanges that might impose fees of up to 1% for similar operations. It is an economically sensible option for cryptocurrency trading in Germany, providing free bank transfers and modest trading fees.
Final Thoughts
To conclude, purchasing Tether in Germany is entirely legal and fairly straightforward, providing one adheres to the established regulations. Investors can conveniently transfer funds from their bank accounts to a BaFin-regulated exchange, such as Bitpanda, to acquire USDT. It's noteworthy that Bitpanda offers low transaction fees, a German interface, and multiple deposit options, making it an attractive option for many investors.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
