Where can I buy crypto in Germany?

Answer: Bitcoin.de, Bity, CEX.io, eToro, and Coinbase, are some of the exchanges and platforms on which to buy crypto in Germany. They are secure and allow purchases with bank accounts and credit cards. Q #3) How can I avoid paying tax on cryptocurrency in Germany? Answer: There are legal ways of avoiding paying tax for your crypto.

Are cryptocurrencies taxed in Germany?

According to Koinly, a cryptocurrency tax calculator and portfolio tracker for traders, in Germany cryptocurrencies are considered a private asset, because of which it attracts an individual income tax rather than a capital gains tax. The country only taxes crypto if it's sold within the same year it was bought.

What percentage of Germans invest in crypto?

As of the end of 2021, approximately 2.6% of Germans have used cryptocurrency. And according to a recent report from KuCoin, 44% percent of Germans are motivated to invest in crypto.

Is koinly a good crypto tax software?

Koinly is not just crypto tax software, but a crypto portfolio tracker too - the perfect tool to keep records of your crypto purchase and sale dates. In Germany, crypto can be sold tax free if it was held for over 1 year.