How to buy cryptocurrencies in Europe (EU)?
Bitcoin Store is a platform that enables the simple buying and selling of Bitcoin and other cryptocurrencies. Learn how to simply buy your first cryptocurrency in a guide below.
Table of contents:
Most guides on the Internet suggest that the best way to start investing in cryptocurrencies is to create an account with a cryptocurrency trading exchange and buy a particular cryptocurrency for a small amount that you can afford.
The process is very simple at first, however, after choosing an exchange and registering an account, many give up even before they have managed to buy their first cryptocurrency.
What is the reason for that?
The short answer would be a complicated user interface.
Beginner investors have a clear investment strategy, which is to buy cryptocurrency, wait for a certain time for the price of the purchased cryptocurrency to rise, and sell it to make a profit.
The problem arises because beginners, reading various guides and tips, take their first investment steps on professional cryptocurrency trading exchanges.
Their user interface usually looks like this:
For people who only want to buy cryptocurrency and just hold it for a certain period, all the tools of professional exchanges are redundant.
The crypto market needs simple solutions that will bring cryptocurrencies and the benefits of blockchain technology closer to mainstream users.
This can be contributed to by platforms that, with a comprehensive onboarding process, enable users to directly purchase cryptocurrencies in a few clicks and store them in their own wallets without additional tools for advanced trading.
One of the most practical solutions for buying, selling, and storing cryptocurrencies is the Bitcoin Store platform.
In the following, we will elaborate the instructions in detail, with the help of which you will be able to create your first digital wallet and buy your first cryptocurrency in a few simple steps.
What you should know before buying cryptocurrencies
Before buying Bitcoin, it is essential to get well-informed to understand exactly what you are investing in and thus prevent potential risks.
Our detailed guides can help you understand how Bitcoin and blockchain technology work:
To buy Bitcoin, you need to choose a crypto exchange where you can exchange euros for the desired cryptocurrency, in this case, Bitcoin (BTC).
You also need to have your own digital wallet where you can store the purchased Bitcoin (BTC).
Bitcoin Store platform is the largest platform for buying cryptocurrencies in Croatia, simplifying the buying and selling process. When creating an account, each user gets their own digital wallet - Bitcoin Store Wallet.
How to easily and quickly buy crypto on the Bitcoin Store platform?
You can buy Bitcoin, Ethereum, and other cryptocurrencies in 4 simple steps:
All you need is to:
- Create and verify an account
- Make a deposit in EUR
- Buy Bitcoin or another cryptocurrency
- Check the balance in your Bitcoin Store Wallet
Below is a detailed description of each of these steps.
Step 1: Creating a Bitcoin Store account
The first step you need to take is to create (register) a Bitcoin Store account.
To create an account, you will need:
- An email address
- A password (make sure your password is strong, i.e., has as many characters as possible).
To create an account, click on the "Getting started" button.
Then, select the type of account you want to create.
Choose the country you live in and where you pay taxes.
In the next step, enter your personal information:
- First and last name
- Email address
- Strong password
*Important: It is recommended to use a combination of various characters for better security.
Double-check the entered information.
After verification, click on "Create Account".
After clicking the "Create Account" button, an email will be sent to your inbox to activate your user account.
Open the Bitcoin Store email in your inbox and click on the link we sent you to confirm your registration and activate your account.
*If the email does not arrive within ten minutes, check your spam folder.
If you still haven't received the email, you probably entered the wrong email address. In this case, you will need to register with the correct email address.
Step 2: Verification of Bitcoin Store account (KYC)
The verification process takes a few minutes and helps secure your account.
To gain full access to the Bitcoin Store platform, it is necessary to verify your identity with a valid ID document.
To start the verification, within your Bitcoin Store Wallet, click on "Verify Account (KYC)" and follow the steps.
Verification of the Bitcoin Store account is done through the SumSub service.
This company is responsible for verifying your personal information and ensuring its security.
*We recommend that you complete the verification process using your mobile device. Once you finish the verification process, you can move on to the next step.
Step 3: Depositing funds (EUR) into your Bitcoin Store Wallet
Depositing funds into your account is very simple.
First, click on "Bitcoin Store Wallet".
Look for the "Deposit" button and click on it.
Choose one of the methods for depositing fiat funds on the Bitcoin Store platform:
- deposit by bank card
- deposit by bank transfer (SEPA transfer)
Depositing funds by bank card
In the next step, enter the amount you want to deposit into your account.
You can do this by clicking on one of the offered amounts (in the orange-marked boxes) or by manually entering the amount.
Check the box confirming that you are depositing funds exclusively from your personal bank account and click "Continue".
Correctly enter the details from your bank card.
*Important: The name on the bank card must match the name of the person who created the Bitcoin Store account. It is not possible to use another person's bank card.
Check the details and click "Deposit".
You will receive a confirmation of a successful deposit via email, and the funds will be visible in your Bitcoin Store Wallet.
Depositing funds by bank transfer
In the first step for making a deposit, select the "Bank Transfer (SEPA)" option.
A window will appear where you need to enter the amount you want to deposit or simply select one of the offered amounts.
Double-check the amount you have entered and then confirm that you are depositing the amount from your personal bank account.
When you confirm the desired amount to deposit, a window with details will appear (see image below) which includes:
- recipient's name
- recipient's address
- recipient's IBAN
- recipient's bank name
- payment model
- reference number
- payment description
- amount you are depositing
Enter the provided information into the payment order of your mobile banking application and carefully check that all the data you entered is identical to the displayed information.
Another and simpler option is to scan the displayed QR code from the mobile banking application.
Once you confirm that all the entered data matches the displayed data, proceed with the payment within the mobile banking application.
After you have made the payment, click "Confirm Payment".
*Important: Click the green button only after you have made the payment.
The amount in your Bitcoin Store Wallet will be visible after your bank processes the payment.
The duration of the process depends on the banks, and we have no control over it.
Step 4: Buying cryptocurrencies
After a successful deposit, you can start purchasing your first cryptocurrency.
To start buying, click on "Bitcoin Store Wallet" again and then the "Trade" button.
Select the cryptocurrency you want to buy (for this example, we will use Bitcoin).
After selecting the cryptocurrency, the following window will open:
Make sure that you are in the cryptocurrency Buy window.
Enter the amount in EUR for which you want to buy the cryptocurrency.
*In the note below, you can see the total EUR balance in your Bitcoin Store Wallet.
Entering the amount in EUR will automatically display the amount of cryptocurrency you should receive at the current exchange rate.
You can also start the process by entering the amount of cryptocurrency.
Entering the amount of cryptocurrency will automatically display the equivalent value in EUR.
*If you enter the amount of cryptocurrency, make sure that the value of the cryptocurrency does not exceed the maximum EUR value you have in your Bitcoin Store Wallet.
Check the entered amount and click "Continue".
In the next window, confirm the purchase by clicking "Buy BTC for EUR".
After the purchase is completed, the following window will open:
Click the "Go to Wallet" button.
The updated balance in your Bitcoin Store Wallet will display the purchased cryptocurrency.
Bitcoin Store Wallet - Free Digital Wallet
Bitcoin Store Wallet is one of the best digital wallets for beginners in the cryptocurrency world.
It is a multi-chain wallet, which means you can currently securely store around 170 of the most popular cryptocurrencies, including Bitcoin, Ethereum, Solana, Cardano, and other altcoins.
Bitcoin Store Wallet is very practical for all cryptocurrency users as it allows you to:
- buy and sell 170 cryptocurrencies from the Bitcoin Store offer in a few clicks
- send and receive cryptocurrencies from other digital wallets
- track cryptocurrency values in real time
- review transaction history
- set favorites to track specific cryptocurrencies
- set automatic notifications about the percentage change in the price of a specific cryptocurrency
- make easy deposits with bank cards, mobile banking, and cash deposits at one of the Bitcoin Store branches
You can use the Bitcoin Store Wallet on your desktop or download the app for Android and iOS devices.
How to sell cryptocurrencies?
Selling cryptocurrencies is similar to the buying process.
Log in to your Bitcoin Store Wallet. In your portfolio, select the cryptocurrency you want to sell and click on it.
Click on "Sell".
Enter the amount of cryptocurrency you want to sell.
Entering the amount will automatically calculate the value in EUR you will receive (at the current cryptocurrency exchange rate).
*In the note below, you can see the total amount of cryptocurrency in your Bitcoin Store Wallet.
Clicking "Max" will enter the maximum amount of cryptocurrency you have in your Bitcoin Store Wallet.
Check the amount of cryptocurrency you have entered and click "Continue".
Confirm the sale by clicking "Sell BTC for EUR".
After the sale is completed, the following window will open:
Click the "Go to Wallet" .
The updated balance in your Bitcoin Store Wallet will display the amount in EUR you received for the sold cryptocurrency.
What is the value of crypto today? Check the crypto prices today
You can check cryptocurrency prices in real time on the Bitcoin Store platform.
Check the current price of Bitcoin today.
In addition to daily price movements, you can track Bitcoin price movements on a weekly or monthly basis, or view price changes over the years on the chart.
On the same page, there is also a Bitcoin calculator where you can enter an amount in euros, after which you will see the amount of BTC you can get at the current exchange rate.
Where to buy cryptocurrencies in Europe?
You can easily buy Bitcoin (BTC) and other cryptocurrencies:
- online on the Bitcoin Store platform
- via the Bitcoin Store Wallet app
Where to buy cryptocurrencies online safely and easily?
The Bitcoin Store online platform is the most popular place for easy and secure cryptocurrency purchases.
The platform has all the necessary solutions to help you buy, sell, and store cryptocurrencies from the comfort of your own home.
For users who need help with buying and selling or advice on how the Bitcoin Store platform works, customer support is available 24/7.
Frequently asked questions about buying cryptocurrencies
1. How long does the process of buying cryptocurrencies take?
The process (buying and selling) of cryptocurrencies on the Bitcoin Store platform takes place in 4 simple steps and lasts a few minutes.
2. Is advanced knowledge of crypto required?
The Bitcoin Store platform has an intuitive interface that makes the experience of buying and selling cryptocurrencies easier, making the platform suitable for beginners who are just entering the crypto world.
It is certainly recommended that each user has at least a basic level of knowledge about the functioning of blockchain technology and cryptocurrencies.
To help beginners easily understand how blockchain technology and cryptocurrencies work, the Bitcoin Store platform has a special blog section with detailed visual guides.
*Each user must be aware of the risks of investing in cryptocurrencies. Trading cryptocurrencies is speculative.
Prices can change quickly, which can lead to loss of money.
Before you start investing in cryptocurrencies, seek independent advice and be well-informed about the potential risks associated with this type of financial instrument.
3. What if a problem occurs during the purchase or sale of cryptocurrencies?
If you encounter a problem during the purchase or sale of cryptocurrencies, visit our help center with frequently asked questions and answers.
If you don't find an answer to your problem, you can contact our customer support via live chat, email, or phone call.
You can also seek assistance from agents in one of the Bitcoin Store physical branches in Zagreb, Split, Rijeka, Osijek, and Bjelovar.
4. What payment methods are supported?
For buying and selling cryptocurrencies, Bitcoin Store supports the following payment methods:
- Card payment (VISA, Mastercard, Google Pay, Apple Pay)
- Cashless payments (bank transfer)
- Internet and mobile banking
- Transferwise, Revolut
- Cash payment in Bitcoin Store branches