Crypto rally: How to invest safely and cheaply in Bitcoin & Co.!

Crypto rally: How to invest safely and cheaply in Bitcoin & Co.!

The crypto market is currently experiencing a remarkable price rally, with Bitcoin nearing its all-time high. This signal is increasingly attracting interest from investors looking for straightforward, safe and cost-effective ways to invest in digital currencies. This reports STOCK EXCHANGE ONLINE.

In order to offer investors better orientation, BÖRSE ONLINE has tested and evaluated leading crypto platforms in Germany. The criteria that went into the evaluation include security standards, fee models, the selection of tradable cryptocurrencies, user-friendliness and additional functions such as staking and lending. The test winner is Coinbase, which is characterized by a wide range of products and high security measures such as two-factor authentication and cold storage. Coinbase also offers low fees in the Pro version and is Bafin-licensed.

Placements and safety standards

Second place goes to Bitpanda, which scores with a user-friendly interface and the highest cybersecurity standards, certified according to ISO 27001. The excellent customer service and the diverse investment portfolio of cryptocurrencies, stocks and precious metals also contribute to Bitpanda's attractiveness. In order to meet the increase in interest, BÖRSE ONLINE offers a comprehensive crypto platform comparison.

Crypto savings plans can be a useful option, especially for long-term investors. These savings plans help retail investors reduce emotional decisions when investing, which often leads to better results. Cost averaging allows you to buy at an average price over a longer period of time, while compound interest allows returns to be applied to all invested capital.

How crypto savings plans work and providers

Crypto savings plans work by investors registering, going through a KYC process and then placing a withdrawal order from their bank account. Investors then determine the purchase interval – weekly, monthly or annually – and the amount. These automated purchases enable the purchase of cryptocurrencies such as Bitcoin, Ethereum or XRP at set times.

The minimum amounts for crypto savings plans vary depending on the provider and usually start at €10 to €50. In addition, adjustments or stopping the savings plan are possible at any time. It is important that the monthly investment amount is adjusted to your personal financial situation; Only money that can be lost in the worst case scenario should be invested. Suitable coins for such savings plans are usually those with stable future prospects.

In Germany, Austria and Switzerland, providers such as BitPanda, Binance, Scalable Capital, Trade Republic, Bison, Crypto.com, Relai, 21bitcoin and Coinfinity offer crypto savings plans. However, an important distinction applies: crypto savings plans are not to be confused with stock ETF savings plans, and banks do not offer crypto savings plans, with the exception of Revolut. Crypto savings plans are also treated the same as physical purchases for tax purposes, so careful accounting can make sense.

Overall, the crypto market remains dynamic and offers promising opportunities for investors who want to invest in both crypto platforms and savings plans. Coinbase and Bitpanda stand out among the platforms that offer the best conditions.