Open your first Bitcoin account - instructions & test 2021

If you want to create a Bitcoin account, you have a wide variety of platforms, exchanges and exchanges to choose from: eToro, Plus500, Libertex, Coinbase or Binance, for example. But which of these is the most recommendable?

Ideally, you should do your research in advance and not rush headlong into an investment. A Bitcoin account test can be of great advantage, as the return on investment is sometimes considerably dependent on the choice of provider, as the conditions and offers differ considerably.

Open a Bitcoin account? Create an account in three steps (instructions):

Step 1: Choose Bitcoin account provider

Opening a Bitcoin account is very easy, but the creation of the Bitcoin account should never be taken lightly - it is no different when choosing an exchange. So in the first step, you should think carefully about which provider you want to open your Bitcoin account with.

In our Bitcoin account test, we provide information on what the best Bitcoin account is (more on this later in this article).

We advise our test winner Bitcoin account eToro, as it offers the lowest fees for buying Bitcoin. Also, eToro is fully regulated and licensed.

To create our Bitcoin account we first click the link to sign up with eToro:

Your capital is at risk.

Then we receive a verification email where we click on the link to confirm the account.

Second step: Top up your Bitcoin account

The fact is that you can create a Bitcoin account within a few minutes. The registration process is easy and only requires the entry of a few data.

Ideally, you can start trading with Bitcoin just a few minutes after making the deposit, but sometimes you have to wait up to 3 days. However, you can also use this time wisely to inform yourself about Bitcoin investments and the market situation.

In our example we show the deposit with credit card. eToro also offers other deposit options:

Payment method


Buy IOTA with bank transfer


Buy IOTA with a credit card 


Buy IOTA with Neteller


Buy IOTA with Skrill


Buy IOTA with PayPal


Buy IOTA with online banking


Buy IOTA with Rapid Transfer


Buy IOTA with Sofort


Buy IOTA with a debit card


Third step: Buy Bitcoin

Once our Bitcoin account is created, we can buy Bitcoin. To do this, we search for "bitcoin" in the search function above.

After all options have been configured, we click on the button "Open Trade" to complete the purchase.

Afterwards, you have the Bitcoin in your portfolio, the purchase is completed!

Bitcoin Account Test 2021:

There are now countless providers that allow you to open a Bitcoin account. The best crypto providers are listed in the following table. Here you can rely on both seriousness and competent customer service. This is how you can get your first Bitcoin account quickly and easily.


Trade real cryptos and crypto CFDs
Licensed broker with deposit protection
Integrated wallet

liquidity x logo

Choice between two trading platforms
Regulated broker
Broad trading offer


Broker fully regulated
Numerous awards
Libertex experience for more than twenty years

User-friendly platform
0% commissions
Deposit from 20€
avatrade logo
Good selection of cryptocurrencies
Regulated by CBI and MiFID in Europe
No commissions and low spreads

Our recommendation: Buy cryptos with eToro

  • Incl. wallet
  • Buy and sell cryptocurrencies directly in the wallet
  • Paypal, credit card and instant bank transfer
  • Regulated provider
  • Real cryptos or CFD trades

Finding the right crypto account: What should you look out for?

The platforms could hardly be more different in some respects. While some are hard to understand for laypeople at first, modern Bitcoin accounts impress with a reduced and innovative design.

With these, the learning curve is much steeper; after just a few minutes, you are able to buy Bitcoin online. However, the design is not the only difference. With some classic Bitcoin exchanges, for example, you cannot pay directly in euros or with Paypal.

In some cases, complex transfers are necessary. Those who want to create a modern Bitcoin account, on the other hand, benefit from a variety of options.

We would like to summarise these briefly and concisely at this point:

  • Knowledge is power: Through an optimal and integrated exchange app, users are always well informed about how the market is moving.
  • This is additionally flanked by the collected knowledge of the community - via social news and social trading, active users tend to be one step ahead.
  • Different deposit modes
  • Good support incl. live chat option
  • Regulated by different authorities and institutions.

Bitcoin Account Fees Comparison

Let's take the following example to compare fees when buying Bitcoin:

We buy Bitcoin for €1,000.
We keep our Bitcoin for 30 days and then sell it again.
We assume that the exchange rate does not change during the 30 days.
Here's how the following fees stack up at eToro, Coinbase, Libertex and Plus500:







for free


for free

for free

Purchase fees





Holding fees

for free

for free


for free

Sales charges







$ 0.15


for free

Total fees

€ 19.20

€ 68.24

€ 92.32

€ 8.20

Create a Bitcoin account anonymously and officially

Many want to create their Bitcoin account anonymously. The desire is quite understandable. After all, one of the advantages of a decentralised network is that there is no
central authority that can see all account movements. One thing is clear, however:

In most cases, you can only create a Bitcoin account if you verify your data. This sometimes requires a copy of your identity card. However, this is not a problem at all, on the contrary.

After all, this is also for one's own protection, as it can stop corruption and black money transfers. But does this mean that no Bitcoin account is anonymous? No. This would be too hasty. There are a number of options.

Those who choose to use a wallet use a numerical code, rather than their own name. With the right strategy, it is almost impossible for other users to assign this account to a person. You can also have a Bitcoin wallet, for example, and buy Bitcoins anonymously and transfer them to this account. 

There are several options for this. We present two options:

  • Buy Bitcoins anonymously and personally without an intermediary. There are Facebook groups for this, for example.
  • Buying Bitcoins at special machines - in some of them this is possible completely anonymously.

Official Bitcoin bank account set up not at all worse

Through providers such as Libertex, Plus500 or eToro, you do have to go through a process of verification. However, this also increases security and prevents illegal machinations. Moreover, there seems to be nothing to date that would speak against this.

The Bitcoin account test showed that this even has a number of advantages. For example, those official ones are usually far easier to handle. The applications can be used almost intuitively, which is why they are popular with professionals as well as beginners.

Before opening a Bitcoin account in Germany, you should basically think about what your intention is. Do you want to actively trade cryptocurrencies?

Or do you want to hold them for years and hope for an increase in value? Intensive research protects you from making unwise decisions. 
New crypto study sees Bitcoin at $318,417 by 2025
Therefore, here are some important links for optimal preparation:
  • Learn crypto trading
  • Bitcoin Paypal Guide
  • Invest in Bitcoin now? 
  • Crypto Exchanges Comparison
  • This is why you can't track your Bitcoin crypto account

    To create a Bitcoin wallet, it is often not necessary to disclose any data. A wallet consists of, among other things, a public key that is needed to transfer coins to the account. In very simplified terms, this sequence of numbers could be equated with the account number.

    In addition, there is the
    key, which you should keep exclusively for yourself. On the other hand, you also have to make sure that the private key is never lost. Without it, it is no longer possible to send cryptocurrencies.

    But why is the Bitcoin account anonymous? The answer could hardly be simpler. It is simply not possible to create an anonymous account on the basis of the two
    conclusions about a person's identity on the basis of the two "keys". Of course, this is only true if you don't make any mistakes and keep the keys strictly confidential.

    bitcoin volatility makes gold investment more attractive

    However, we strongly advise against trying to abuse anonymity. Crypto trading profits, for example, may have to be taxed. However, there are also legal tricks to avoid this.

    Here, too, knowledge is power. You should not rush blindly into investments, but should ideally be well informed.



    In this Bitcoin account test, several providers were examined in detail. It turned out that there are a number of platforms that offer extremely favourable conditions. We have also compiled a top 8 list.

    All those that made it to this list seem to be absolutely recommendable for Bitcoin trading. We would like to emphasise once again at this point that the exchanges and exchanges each have different advantages.

    Depending on your personal trading strategy, the advantages of one or the other provider may outweigh the disadvantages. For example, if you only want to trade CFDs, you will probably be happy with Plus 500.

    However, if the coins are actually to be bought and stored in a wallet, then our test winner eToro is a good choice. After all, eToro offers not only the lowest fees but also a fully regulated and licensed platform.

    In any case, it is clear that a Bitcoin account test is an important step in finding a suitable provider. Beyond that, however, there are other steps that increase the likelihood of success in Bitcoin trading. For example, it is helpful to always be informed about current Bitcoin developments. Tools and features such as social news and social trading are particularly useful for this.

    Our recommendation: Buy cryptos with eToro

    • Incl. wallet
    • Buy and sell cryptocurrencies directly in the wallet
    • Paypal, credit card and instant bank transfer
    • Regulated provider
    • Real cryptos or CFD trades


    Where can I buy cryptocurrencies?

    On the one hand, you can use a crypto broker to trade cryptocurrencies. Here, however, you usually do not get direct possession of the coin. On the other hand, you can exchange cryptocurrencies on pure crypto exchanges. Here, however, you usually already have to have a wallet and a currency. Alternative platforms, such as Coinbase, allow you to buy cryptocurrencies with real money. But the first brokers, such as eToro, are also following suit.

    Do I always need my own wallet?

    If you actually want to own the coin, you must have a suitable wallet. However, you can also trade bitcoin indirectly.

    Some brokers now offer online wallets.

    Which cryptocurrency suits me?

    There are now countless coins. However, if you are just starting to deal with cryptocurrencies, you should first invest in the big ones in the industry. Bitcoin, Ethereum or Iota can make it easy to get started, since they can be traded on many platforms and are supported by most wallets.

    When is the right time to buy cryptocurrencies?

    This is the question that most crypto investors are asking. The chosen coin should of course be cheap at the time of purchase and ideally increase in value after the purchase.

    However, due to the high volatility of cryptocurrencies, it can be difficult to identify the right time. However, the daily chart analyses on can provide initial prognostic clues.

    About the author

    Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

    This site is registered on as a development site.