What Are the Most Popular Cryptocurrencies In Germany?
What Are the Most Popular Cryptocurrencies In Germany?

When choosing the best cryptocurrency exchange for your needs, it’s important to look at supported currencies, pricing, withdrawal options, and security—which is where we focused when picking this list of the best cryptocurrency exchanges. Keep reading to learn more about which cryptocurrency exchange in Germany could be best for your goals.

What Are The Key Cryptocurrency Trends In Germany?

It is estimated that over 2.1 million people, 2.62% of Germany’s total population, currently own cryptocurrency.

In 2018, a survey found that 71% of German residents had heard of cryptocurrency. Comparing this with more recent survey results from 2019, more Germans (80%) have heard of cryptocurrencies. This suggests a growing interest among Germans in purchasing cryptocurrency since 2018.

Breaking down cryptocurrency ownership by income, ownership levels are significantly higher among the wealthy. 67% of the surveyed Germans have an annual income of over €800,000, 44% of them are between €200,000 to €800,000, at least twice that of other income groups.

The majority of German cryptocurrency owners are in the 18-34 age group (33%). 5% of them are 55 and above. Cryptocurrencies are largely owned by young, tech-savvy, and affluent German residents.

In Germany, education level does not make a significant impact on cryptocurrency ownership, as 10% of Germans do not hold a degree while 10% of them have a university degree and higher. On top of that, a higher percentage of German men (9%) own cryptocurrencies than women (6%).

48% of German cryptocurrency owners are already using cryptocurrency to make purchases, while the rest own cryptocurrency solely for investment purposes.

What are the most popular cryptocurrencies in Germany?

1. 1inch Exchange

2. Bitwala

3. FinLab

4. Minespider

5. The NAGA Group

6. Tangany

7. Coindex

8. CryptoTax

9. Blocksize Capital

10. USDX Wallet

******

Top 10 most popular cryptocurrencies in Germany

1. 1inch Exchange

Photo: tapchibitcoin
Photo: tapchibitcoin

1inch's main product is a DEX aggregator that works out the best crypto prices across decentralized exchanges. The platform launched its governance token, 1INCH, in December 2020.

Decentralized exchanges (DEXs) are cryptocurrency exchanges that don't require a third party to govern it all. The clue’s in the name, after all: on a decentralized exchange, there is no single company maintaining the order books, custody funds, or calling the shots. (Hypothetically, in principle, and often with some major caveats).

Anyone can trade on a decentralized exchange; traders need only connect their wallets, never giving up access to their funds or personal information to companies.

There are a few such exchanges, including Uniswap, SushiSwap, and PancakeSwap. But all of these exchanges, each of them relatively new and structured in different ways, sell cryptocurrencies for slightly different prices (incidentally, creating opportunities for arbitrage). So Ethereum might sell for a different amount on Uniswap than it does on 0x, not to mention that each platform may charge different fees.

If only there were some way to work out how to get the best price of a decentralized exchange! Thankfully, there is, and it’s called 1inch.

2. Bitwala

Photo: bitcoinexchangeguide
Photo: bitcoinexchangeguide

Bitwala is the first blockchain bank account. Manage everyday banking and trade and store cryptocurrencies in one account. All Bitwala accounts come with a built-in bitcoin wallet for secure coin storage and a debit card to spend your funds abroad, both online and in stores. Founded in 2015, it has received over €6 million in funding from European and American investors including, HTGF, DCG, Earlybird, ALSTIN, and coparion.

Bitwala offers a banking experience that combines fully protected bank accounts with access to cryptocurrencies, digital assets, and blockchain-based finance.

With the firm’s blockchain technology platform, customers can invest in cryptocurrency directly from a bank account and earn up to a 4% annual return on Bitcoin.

3. FinLab

Photo: fintechfutures
Photo: fintechfutures

Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A.GR) is one of the first and largest company builders and investors focused on the Financial Services Technologies ("FinTech") sector. FinLab focuses on developing German FinTech startups and providing venture capital for their financial needs, whereby in each case the aim is long-term participation and ongoing support of the investment. FinLab also invests globally, as part of venture rounds, in FinTech companies, primarily in the USA and Asia.

FinLab focus in this context is providing venture capital for start-ups. FinLab´s aim is long-term participation and ongoing support of its investments. FinLab in this regard supports its investments in their respective development phase with its network and know-how. In addition, FinLab acts as an asset manager and manages assets in the three-digit million-dollar range.

4. Minespider

Photo: fintechfutures
Photo: fintechfutures

MineSpider, a Berlin-based startup, is using distributed ledger technology to tackle the tricky problem of how to track where minerals come from and where they end up.

Land grabbing, corruption, unethical supply chains. These are just a few of the issues where blockchain can be leveraged for positive change – thanks to its increased transparency, immutability, and verifiability when compared to existing methods of record-keeping. MineSpider is a platform set up to tackle one of these issues in particular – the continued extraction and sale of so-called “conflict minerals” – materials that are obtained within the context of armed conflicts and human rights violations such as slavery and child labor.

While the EU has introduced legislation that requires businesses to practice due diligence when it comes to conflict minerals, enforcing this, in reality, is incredibly tricky because conflict minerals are not uniquely identifiable and may end up being mixed with materials from responsible, “clean” sources. Many conflict minerals still enter the market and end up in products such as laptops and mobile phones.

5. The NAGA Group

Photo: peakd
Photo: peakd

NAGA Coin (NGC) is a cryptocurrency that aims to become the one coin for social finance. NAGA Coin acts as the core fuel element of NAGA Trader, NAGA DeFi and NAGA Social Betting, where it allows users to decrease fees, create smart contracts for copy trading and much more.

NAGA is a social investing platform with a global community of more than 1 million users that seeks to revolutionize the world by decentralizing financial technology, offering access to the best market tools for everyone worldwide. NAGA provides the technology, resources, and assistance that every trader needs to make their trading decisions. The platform is best known for its Autocopy feature that allows traders to copy each other, thus creating a unique social trading environment with numerous benefits for users. NAGA DeFi and Social Betting are the future projects from the ecosystem that would introduce a social element to betting and on-chain trading.

NAGA Coin (NGC) is a cryptocurrency that aims to become the one coin for social finance. NAGA Coin acts as the core fuel element of NAGA Trader, NAGA DeFi and NAGA Social Betting, where it allows users to decrease fees, create smart contracts for copy trading and much more.

What Are The Most Popular Cryptocurrencies In South Africa? What Are The Most Popular Cryptocurrencies In South Africa?

South Africa is one of the leading nations for cryptocurrency ownership in the world and continues to remain a major adopter of crypto and blockchain ...

6. Tangany

Photo: fintechnews
Photo: fintechnews

Tangany is a German provider for custody of digital assets and crypto. They offer a reliable solution for crypto wallets and infrastructure to the most popular blockchain. Including custody for Bitcoin and custody for Ethereum.

All wallets leverage the latest HSM technology which is certified by FIPS140-2 (US-governmental and banking standard). Tangany is also regularly externally audited and follows ISO 27001. Supervised by the German Federal Financial Supervisory Authority (BaFin) as a crypto custody provider pursuant to section 1 (1a) sentence 2 no.6 German Banking Act (Kreditwesengesetz). Tangany is a German custody white-label provider. Leverage our solution to kick-start your business case on a reliable fundament. Get best-in-class flexibility.

By leveraging Coinfirm’s AML Platform, Tangany’s custodian operations will be in sync with current and future guidelines for crypto assets (i.e., FATF standards and the EU’s 5th and 6th AML directives) as well as legally enforced regulations imposed by various jurisdictions. In addition, Coinfirm’s RegTech solutions will enable Tanguay to conduct ongoing Enhanced Due Diligence on high-risk market participants with 270+ proprietary red flag algorithms.

7. Coindex

Photo: dribbble
Photo: dribbble

Coindex is the first platform for intelligent crypto portfolios where users can configure index-based and individual portfolios in a breeze. With coindex, after a one-off setup, you can comfortably and passively benefit from the entire potential of the innovative, new asset class of crypto assets and decentralized finance ("DeFi"). coindex has one of the largest crypto value offerings in Germany. With coindex, you reliably receive the performance of the entire crypto market - no more and no less.

For an investment, coindex offers exclusively index-based or individual crypto portfolios that you can save with a one-time investment or monthly via the SEPA savings plan. We are practically transferring the concept of passive investment with an ETF to the crypto market.

8. CryptoTax

Photo: accointing
Photo: accointing

CryptoTax is helping individuals and companies in meeting their legal obligations arising from dealing with blockchain-based assets. The IRS considers cryptocurrency holdings to be “property” for tax purposes, which means your virtual currency is taxed in the same way as any other assets you own, like stocks or gold.

For most people who buy and trade crypto within online exchanges, accounting for it in your tax return is relatively easy. But like most things related to digital currency, things can get a lot more complicated the more active you are.

9. Blocksize Capital

Photo: crypto-economy
Photo: crypto-economy

Blocksize Capital makes the DLT- and Blockchain-based asset market accessible for financial institutions. Its mission is to provide asset managers, family offices, and institutional investors with the technical infrastructure to easily and efficiently manage Digital Assets. Their software solution delegates all tasks and challenges related to managing Digital Assets, ranging from trading and reporting to managing an entire portfolio.

Blocksize Capital is a software and infrastructure service provider for the analysis, management, and trading of digital assets. In addition to aggregated and quality-assured price data, the company also supplies software solutions for efficient and legally compliant trading (smart order routing), aggregation and analysis as well as the provision of individual reference values (index) for digital assets.

10. USDX Wallet

Photo: forex.academy
Photo: forex.academy

Lighthouse Blockchain Technology GmbH is a company made up of entrepreneurs and crypto enthusiasts united in their aim of boosting innovation in the digital economy. They possess extensive experience in implementing complex, tech-savvy solutions. Their team consists of professionals in finance, project management, software development research, design, and marketing.

They are focusing on cryptocurrency transfers, while their competitors prioritize fiat into crypto conversions. They offer a universal payment solution for everyone - from a crypto newbie to a crypto pro. They're not aiming to become the only stable coin, They're aiming to become the best and the most used solution within a crypto transfers market.

USDX is designed to be a stable coin, pegged to the US dollar in a 1: 1 ratio. It is said to be backed by the core cryptocurrency of USDX Wallet, LHT. USDX Wallet describes itself as a secure blockchain wallet with stable crypto and zero fees.

What Are The Most Popular Cryptocurrencies In South Africa? What Are The Most Popular Cryptocurrencies In South Africa?

South Africa is one of the leading nations for cryptocurrency ownership in the world and continues to remain a major adopter of crypto and blockchain ...

What Are The Most Popular Cryptocurrencies In Europe What Are The Most Popular Cryptocurrencies In Europe

Blockchain and crypto assets in Europe have made tremendous strides in 2022 in virtually every way. Let's explore the Most Popular Cryptocurrency In Europe.