Europe has around 31 million crypto users in the second half of 2023, and user penetration is expected to reach 19.49% in the continent this year. If you’re in Europe and are interested in using crypto but don’t know where to start, we’re here to help.
This guide will teach you how to buy crypto & Bitcoin in Europe using a beginner-friendly online crypto wallet.
The Crypto Market in Europe
The Central, Northern, and Western Europe (CNWE) region was reported as the world’s second largest crypto economy in 2023, next to North America. Between July 2022 and June 2023, the region contributed to 17.6% of the global transaction volume, receiving around $1 trillion in on-chain value.
Among the 50 leading countries in grassroots crypto adoption by Chainalaysis, six are in CNWE region: the United Kingdom (14th), Spain (22nd), France (23rd), Germany (26th), Italy (37th), and the Netherlands (39th).
Meanwhile, Eastern Europe is the fourth largest crypto market globally. It has an on-chain value receipt of $445 billion between July 2022 and June 2023, making up 8.9% of the total global transaction volume during that period.
These numbers are expected to grow as Europe is forecasted to have 188.8 million crypto users by 2028, with a user penetration rate of 22.26% that year.
Where Can I Buy Crypto in Europe?
You can explore different ways to buy crypto in Europe with platforms like crypto exchanges, crypto wallets, peer-to-peer (P2P) payment apps, and crypto automatic teller machines (ATMs), among others. Brokers are also an option if you’re aiming to buy larger amounts.
However, for a quick and easy crypto purchase experience, Ka.app is the way to go. This crypto wallet has intuitive screens that even grandparents or tech newbies can easily navigate. Ka.app allows you to buy crypto with IBAN, wire transfer, Apple Pay, Google Pay, or buy crypto with your credit/debit card.
How to Buy Crypto in Europe
Here are the step-by-step guides on how to buy crypto & Bitcoin in Europe with IBAN or through the Ramp integration on Ka.app.
a. Buy Crypto with IBAN
IBAN is the cheapest way to buy crypto in Europe using Ka.app. It takes just a few easy steps:
- Sign up on Ka.app.
- Log in and activate Ka. Cash Beta on the platform. This will enable euro (EUR) and generate your own crypto IBAN account on Ka.app. We call it the Ka. IBAN.
- Buy crypto with EUR by transferring funds from an external IBAN to your Ka. IBAN.
- After depositing EUR on Ka.app, click the Convert icon.
- Select EUR and the crypto that you want to buy (e.g., EUR to BTC).
- Enter your purchase amount.
- Confirm your purchase by entering your passcode.
- Your crypto will reflect in your wallet within seconds.
b. Buy Crypto through Ramp (Credit/Debit Card, Bank, E-Wallet)
Ka.app integrated the Web3 financial infrastructure Ramp to provide as many buy crypto options as possible to its users. Here's how you can buy crypto in Europe with your credit/debit card, or through a wire transfer:
- Create a Ka.app account.
- Log in and click the Buy icon.
- Choose the crypto you want to buy (e.g., BTC).
- Ramp will load automatically.
- Select EUR and your preferred crypto.
- Enter the amount you of crypto that you want to purchase and continue.
- Select your payment method: credit/debit card, bank transfer, Apple Pay, Google Pay, etc.
- Enter your account details.
- Confirm your purchase.
Final Thoughts
From everyday transactions to big investment moves, Europeans are getting more and more into crypto, showing a real appetite for innovation and the future of finance. And with user-friendly platforms like Ka.app, crypto is no longer just for tech-savvy users or financial enthusiasts. It's now accessible and easy to understand for most people, spreading across various demographics.
Aside from buying crypto, you can also send crypto & Bitcoin, convert crypto, sell crypto, earn KASTA tokens, and more with Ka.app.
Disclaimer: Not financial advice. Cryptocurrencies are speculative assets. Please buy/use them at your own risk.
FAQ
Is Ka.app available in all European countries?
Ka.app is accessible in almost all countries in Europe. Please see our supported countries page to verify Ka.app’s availability in your location. Ka.app has the authority to modify the list of supported countries at its discretion.
Do I need a lot of money to buy crypto?
Not at all! The beauty of crypto is that you can start with small amounts. Many platforms allow you to buy fractions of cryptocurrencies—Ka.app included—so you don't need to shell out thousands to own Bitcoin, Ethereum, or any other token.
How much are the fees for buying crypto on Ka.app?
If you want to buy crypto with IBAN, Ka.app has a flat fee of €1 for incoming transactions under the Single Euro Payments Area (SEPA) system.
Can I also cash out crypto via IBAN on Ka.app?
Yes. You can easily sell crypto for EUR and withdraw your funds from your Ka. IBAN to your external IBAN.
Can I use crypto for everyday transactions in Europe?
Yes. You'd be surprised at how many European businesses are already accepting crypto payments. It's slowly becoming part of the usual.
What's the tax implication of crypto transactions in Europe?
Most countries in Europe tax crypto-related income. However, percentages and regulations may vary depending on where you live. Please discuss your crypto transactions with a tax professional for compliance.
Is buying crypto on Ka.app safe?
We’re glad you asked because yes, buying crypto on Ka.app is definitely safe. We use battle-tested technology, along with strong security measures, such as two-factor authentication (2FA) and regular software updates, to prevent fraud, hacking, and unauthorised transacitions. We also comply with legal requirements that prevent money laundering and other illegal activities.
