Buy Bitcoin BTC

Purchasing Bitcoin (BTC) and other cryptocurrencies is simple and straightforward online. You can buy and sell Bitcoin on various platforms, including crypto brokers and exchanges.

Investing in Bitcoin (BTC) and other cryptocurrencies can be done in a few easy steps. Follow this guide to get started with crypto trading on platforms like Bitpanda and build your digital asset portfolio.

1. Choose the right platform to invest

• Start by selecting a suitable trading platform that supports Bitcoin (BTC)

• Consider features such as security, data protection, and user-friendliness

• With the Bitpanda app from the Play Store or App Store, you can invest securely and conveniently on your mobile device

2. Create an account and get started

• Register with an email address and create a strong password

• Provide necessary personal details

• Accept the terms and conditions and privacy policy

• Begin the verification process

3. Confirm your identity

• Verify your identity to start trading Bitcoin (BTC)

• Complete the online verification with a stable internet connection and a valid ID document

4. Deposit funds into your account

• Use the Bitpanda website or mobile app to deposit fiat money or other tradable assets into your account

• You can deposit via bank transfer, credit card, PayPal or Apple Pay

• There are also options to use EPS and SOFORT transfers, giropay, SEPA direct debits and other online payment services such as Skrill and NETELLER

5. Buy Bitcoin and invest in cryptocurrencies

• Once the funds are in your account, you can buy Bitcoin (BTC) and other cryptocurrencies

• Simply select Bitcoin for purchase, choose a payment method, and confirm the transaction

If you are interested in investing in cryptocurrencies like Bitcoin (BTC), Bitpanda offers a user-friendly and secure platform to get started.

Intuitive platform

Our platform features a user-friendly interface that makes buying Bitcoin (BTC), simple for both beginners and experienced traders. With the Bitpanda app, you can conveniently trade cryptocurrencies and other assets on your smartphone.

Install the Bitpanda app on your smartphone or tablet now.

Licenced and trustworthy

Bitpanda operates under strict regulatory guidelines and holds all necessary licenses for crypto brokers. Our business practices and holdings are regularly validated by external auditors. This ensures high security and transparency for every transaction.

Wide range of assets

At Bitpanda, you can invest in more than just cryptocurrencies. We offer over 3,000 different assets, including ETFs, CFDs, stocks, indices, and precious metals. Unlike other crypto exchanges, we guarantee stable prices based on the current market value.

Bitpanda wallet

Your Bitcoin (BTC) and other cryptocurrencies are securely stored in the wallet of your Bitpanda account. You can transfer your digital assets to an external wallet at any time.

24/7 customer support

If you have any questions or encounter issues while trading Bitcoin (BTC) or other assets, our customer support team is available 24/7 to assist.

Beginner-friendly products

Bitpanda offers products designed to help you start your crypto investment journey easily. With theBitpanda crypto indices, you can invest in a diversified portfolio of leading cryptocurrencies. TheBitpanda Savings plans allow for regular investments to build long-term wealth.

Analysts frequently predict that cryptocurrency prices will rise due to the increasing acceptance of digital currencies. Early investors could benefit from lower entry prices and potential price increases. 

Be aware that cryptocurrencies like Bitcoin are highly volatile, meaning their prices can fluctuate significantly. Global economic events and regulatory changes can impact Bitcoin’s value. The past price performance of Bitcoin (BTC) does not indicate future performance, so it is essential to thoroughly research before investing.

Key information about Bitcoin:

• Developed in 2008 by Satoshi Nakamoto as the world’s first cryptocurrency

• The maximum number of Bitcoins is limited to 21 million units

• Bitcoin (BTC) is the most-traded cryptocurrency

• November 2021 saw its price reach an all-time high of $69,045

Satoshi Nakamoto developed Bitcoin (BTC) as the very first cryptocurrency in 2007, and ambiguity surrounds the name which could represent an individual or a group of developers.  

As a decentralised currency, Bitcoin's price is not influenced by governments or financial institutions. These transactions offer a high level of anonymity as a Bitcoin address is not linked to a specific person, and are traded privately or on exchanges and stored in digital wallets. 

Although individual Bitcoins are not technically tokens, they are often referred to in the context of being digital assets based on blockchain technology.

Bitcoin and the blockchain

Bitcoin operates using a system known as the blockchain, a database updated continuously across countless computers worldwide. Those who provide their computers to maintain the blockchain are rewarded with new Bitcoins, a process known as Bitcoin mining.

This ensures the number of existing BTC coins remains limited, and the price does not undergo significant inflation.

Fixed numbers of Bitcoins counteracts inflation

Whereas banks contribute to inflation by printing more state-controlled fiat currencies like euros or US dollars, Bitcoin is limited to 21 million coins. This makes it especially suitable as payment in countries whose currency loses significant value due to high inflation. 

Investing in Bitcoin can protect your wealth against inflation, however its price is also subject to volatile value fluctuations. Start here with Bitpanda Crypto Indices

Bitcoin as a means of payment

The use of Bitcoin has been possible since 2009 however unlike fiat currencies, Bitcoins are not a legal tender although some companies offer payment with cryptocurrency.

With crypto credit cards like the Bitpanda Card, investors can pay with Bitcoin and other cryptocurrencies anywhere credit cards are accepted. Payment is made by converting the deposited Bitcoins into the corresponding fiat currencies at the current rate.

Mitigating Bitcoin price fluctuations

Cryptocurrency prices often fluctuate resulting in different prices per BTC depending on the current rate. One way to mitigate this effect is through regular investments, a strategy known as the cost-average effect. This involves consistently purchasing Bitcoins over time, which helps smooth out the impact of price fluctuations on your overall portfolio.

The Bitpanda Savings Plan makes this possible. Simply choose when to invest, select a fixed-term amount and then monitor your investments. Our overview of cryptocurrency prices allows you to stay informed about important developments. For more details check our guide ‘What is a savings plan’.

Key points to know about Bitcoin:

• Satoshi Nakamoto developed Bitcoin in 2007

• Bitcoin is a secure, anonymous, and relatively inflation-resistant currency

• Since 2009 it has been used as a means of payment or investment

• A maximum of 21,000,000 BTC coins or tokens can be generated through mining

• Currently, about 19,250,000 BTC coins are in circulation

• The last Bitcoin will likely be mined in the year 2140

• Halving occurs every four years (next expected in March 2024)

• The encryption of the blockchain makes hacking the currency practically impossible

• Bitcoin can be digitally stored in software wallets, web wallets, cold wallets, and hardware wallets

• Major investors include Tesla, Microstrategy, and Block.One

The first recorded Bitcoin price was $0.0008 per coin. Over the following years, the price gradually increased to a price of $0.03 per BTC. A notable story recounts an investor who paid 10,000 Bitcoins for two pizzas in 2010, an event that sparked huge interest and led its price to soar, reaching nearly $20,000 in 2017. 

In November 2021, Bitcoin reached its highest price recorded at $69,045 per coin.

Key milestones and events:

• 2009: $0.0008 / BTC

• 2010: $0.03 / BTC

• 2013: Bitcoin price surpasses $1,000 / BTC for the first time

• 2017: $19,666 / BTC

• 2018: BTC price temporarily falls below $3,000 / BTC

• 2021: current all-time high of $69,045 / BTC

• 2022: BTC price drops below $20,000 / BTC

• End of 2022: BTC price rises above $20,000 / BTC

The Bitcoin hype

As media interest in cryptocurrencies grew, the Bitcoin price chart surpassed $1,000 per coin for the first time in 2013. In 2017 Bitcoin surged to a peak of $19,666 amid widespread hype. There were speculations of deliberate price manipulation contributing to this surge. Subsequently, in 2018, demand waned, causing the price of Bitcoin to briefly drop below $3,000 per BTC.

Increasing interest from large companies

Later the Bitcoin price chart again showed a positive trend. Plans by PayPal to accept Bitcoin as a payment method, large investments by the car manufacturer Tesla in Bitcoin, and people's fear of inflation resulted in the price reaching a new all-time high of $69,045 per BTC on November 10, 2021.

Inflation, regulation and the Bitcoin ban in China

In 2022 governments began planning measures to regulate cryptocurrencies with China banning Bitcoin entirely. Alternative coin supply, some of which saw significant price gains, increased. This combined with the collapse of the FTX crypto platform and the Terra blockchain, created uncertainty and indecision among investors, causing the price of Bitcoin to fall below $20,000 per coin.

However, towards the end of the year, as investors anticipated a decline in the US inflation rate, interest increased and the price of Bitcoin once again surpassed $20,000.

Future price estimations

The price history shows that fluctuations in supply and demand can cause the price per BTC to be highly volatile. Experts and analysts predict significant value increases for Bitcoin in the coming years. These estimates are attributed to declining inflation, improvements in the geopolitical situation, and increased transparency and regulation of crypto firms through new legislation.

Bitcoin currently has the highest market capitalisation among cryptocurrencies, reflecting the value of the coins in circulation in an established fiat currency. This stable position makes Bitcoin the most traded and well-known cryptocurrency.

Inflation and price manipulation

Due to the fixed maximum amount of 21 million Bitcoins and regular halvings, it is unlikely that the number of coins in circulation will increase significantly and cause price inflation. 

Sudden changes in the BTC price due to a significant increase in supply are relatively unlikely. However, influential investors like Elon Musk have been able to impact the price of different cryptocurrencies through price-manipulative statements in the past.

Bitcoin in El Salvador

El Salvador has adopted Bitcoin as a legal means of payment alongside the US dollar, where it functions as a decentralised currency free from the influence of states or banks. 

This move allows the population to operate independently of international financial systems and protects them from inflation. However, falling Bitcoin prices threaten the country's economic stability.

Due to Bitcoin's volatility, there is little financial predictability in daily life, leading some experts to consider El Salvador's experiment a failure.

Cryptocurrency security

While the blockchain itself is nearly impossible to hack, the security of exchanges and wallets used to store Bitcoin can be vulnerable. In May 2019, hackers stole 7,000 Bitcoins worth $41 million from the crypto exchange Binance.

Attacks like these often lead to a temporary drop in Bitcoin's price as investor demand decreases. Major companies invest in Bitcoin’s development to enhance its security. Key supporters include Blockstream, the blockchain startup Lightning Labs, and the fintech company Spiral (formerly Square Crypto).

Proper wallet storage is crucial for securing your crypto portfolio. Choose strong passwords and do not share them. You can also reduce the risk of fraud by familiarising yourself with common phishing methods and other crypto scams.

ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.