HOW TO BUY

BITCOIN IN

AUSTRIA

2

Presented by: Smart Bitcoin Investments

We Want To Teach The World How To Invest In Cryptocurrency

Author: Jeffrey Ito

www.smartbitcoininvestments.com

2021 Lithium Gold Ventures, LLC

All Rights Reserved.

3

Table Of Contents

Table Of Contents 3

How To Buy And Sell Bitcoin In Austria 4 1. Bitcoin ATM 5 2. Bitcoin Exchanges 6 3. Coinmama 6 4. Bitsmap 7 5. OKCoin 7 6. Coinbase Pro 7 7. LocalBitcoins 8 8. Coinbase 8 9. eToro 8 10. Cex.io 9 11. Paxful 9 12. Bitpanda 10

Austria 11 Cities In Austria 12

4

How To Buy And Sell Bitcoin In Austria

Austria is yet another exciting location for Bitcoin investments. Austria supports investing in new technologies, and it is one of those initial supporters and welcomers of Bitcoin. Initially, there were some issues present regarding Bitcoin trading. Later on, the implementation of the EU’s 5th Anti-Money Laundering Directive in Austria and the increased FMA registration of service providers concerning cryptocurrencies have highly diluted Bitcoin organizations’ difficulties. Due to the legislation mentioned above, it is straightforward to participate in Bitcoin and other virtual currencies exchange. At the point of this writing, Austria is an ideal location to invest in Bitcoin. Not everyone knows where and how to buy Bitcoin, and this doesn’t confine to Austria. People often get scammed when they don’t know what they are dealing with. In this article, we will brief your question where can I buy bitcoin in Austria with all the authentic sources you can rely on for crypto trading like Bitcoin.

5

1. Bitcoin ATM Today’s banking system is so centralized that you can find an ATM for quick access to your funds right around the corner of every second street, if not first. Since 2009, Bitcoin is continuously evolving. It is not made possible with the technological advancements that bitcoin ATMs are also available in a much more centralized fashion. Though Bitcoin must not match the pre-requisitions of a bank ATM at the time of this writing, it is relatively easy to access a Bitcoin ATM. The mechanism of Bitcoin ATMs works the same as the normal ATM. You can input your payment option in a debit/credit card and purchase or sell your Bitcoins. However, you should consider one thing related to the Bitcoin ATM, which is high charges. Bitcoin transactions through Bitcoin ATM charge high rates, which off-sets its convenience for some users. However, it shares the same potential benefits as a regular ATM and is a viable solution for many Bitcoin traders. In Austria, the Bitcoin ATM is present in most of the mainstream cities. The cities are mentioned below with their respective number of atm. Bitcoin atm in Vienna, Austria, holds the highest number coming at 64 ATMs, making it the city hub of crypto trading among other cities.

Cities in Austria with ATMs Number of ATMs

Bludenz 1

Braunau 1

Bregenz 5

Dornbirn 3

Graz 22

Hohenems 1

Innsbruck 14

6

2. Bitcoin Exchanges Bitcoin ATMs are not for everyone. How much of you guys will ever want to go outside to get yourself Bitcoin trade, especially in the current pandemic. There is a viable solution to this problem: Bitcoin exchanges let you have quick access to your Bitcoin network in a much more informative and engaging way. Here we will list some of the best deals in Austria that should fulfill your Bitcoin trading. We are here to help to find the best solution to the question, how to buy bitcoin in Austria, so we will also mention the pros and cons of each Bitcoin exchange listed below:

3. Coinmama Coinmama is a cryptocurrency exchange platform present in Israel. Coinmama, established in 2013, the site clarifies that they offer a quick, safe, and enjoyable approach to purchase Bitcoin from all around the globe. You can make your payment by credit or debit card (as such - fiat cash) to buy Bitcoin straightforwardly from the app. When you enter your credentials and make a buy with Coinmama, your coins are shipped off in your private wallet, making it a much more secure alternative for you.

Judenburg 1

Klagenfurt 5

Linz 19

Rankweil 1

Salzburg 11

Sankt Michael im Burgenland 1

Vienna 64

7

Customer support is also another positive aspect of Coinmama. Everything has its own merits and demerits; it remains valid for Coinmama too. The customer support is excellent, but it lacks the accessibility options like that of a call or live chat. All you get is an email option that will get heard in chronological order.

4. Bitsmap Bitsmap is another Bitcoin trading platform located in Luxembourg. Bitsmap has over a million users. Bitsmap has cold wallet storage to keep your funds off track from hackers and malicious threats. Bitcoins are kept in secure wallets to ensure maximum security and protection to your valuable assets. Bitmap offers shallow charges on wire bank transfers, and if you use credit/debit cards for payments, it is still average. The integrated app with a lot of great features lets you keep track of your trade. Bitsmap has earned a trusted reputation in the Crypto community. Bitsmap lacks customer support, which is due to the enormous consumer base. The requests have to follow up in chronological order, and it takes little time for customer support to hear you out. The verification process of Bitsmap may also take a short while. None of the mentioned flaws is a deal-breaker. It is something that may be of concern to some users.

5. OKCoin OKCoin holds a unique space for a crypto trading firm in Austria, even though it is of Chinese origin. Its delicacy is to provide an exceptional SSL security level that may even match some of the banking systems in Austria or worldwide. Servers distribute worldwide, so there is no chance for hackers to get your data and funds in a single place, which makes it one of the most secure Bitcoin exchanges in the world. The transaction fee is nominal for this level of security and competitive trade. The customer support and verification process are decent enough to satisfy the users’ queries conveniently. The mobile app may be skeptical for an average user because there is so much going on in the mobile app, a layperson may get confused.

6. Coinbase Pro Coinbase Pro has striking similarities in the name and regular functions with Coinbase. It’s a Coinbase exchange that is the largest holder of a cryptocurrency exchange in the US. There are many payment options available, including bank wire transfers, credit/debit cards, or SEPA. The

8

fee charged per transaction is competitive with the rest of the competition. For some particular scenarios, one might get Bitcoin trade for 0% fees, but you have to be lucky for that. Coinbase pro doesn’t disappoint in security concerns. Coinbase is an overall premium experience that gets the job done. Pro in the name usually comes with refinements, which remains valid for this particular exchange, but it has a serious issue with its interface. It comes with many graphs, statistics, and analysis, which may be hard for an ordinary person to figure out. If you are an intermediate or expert Bitcoin trader, the data provided by Coinbase Pro may help you make decisions that can ensure exponential growth toward the crypto exchange.

7. LocalBitcoins LocalBitcoin is a very diversified platform where you can buy Bitcoin in person. It works much like when you plan to sell old or refurbished stuff, you place a classified ad. You can meet the buyer and make payment. The diversification of buyers and sellers let you choose the better option for yourself, and you don’t have to rely on providing loads of information. Cash deposits are also available in the app so that you can make payments directly from the app. Since there is in-person playing, it has to be fast, reliable, and make much more sense than providing credentials on the web. Though the premium features of LocalBitcoin come with expensive rates. And the daily limit for the purchase of LocalBitcoin limits the user experience. Buyers also have to be aware of the scams present in the market, so one should make sure before making any confirmations.

8. Coinbase Coinbase is the global Bitcoin exchange leader, which alone is enough to justify this particular crypto exchange platform’s viability and trust level. The payment gateways for Bitcoin exchange are very vast. It even allows you to use e-wallets and third-party applications to make payments in the app. Liquidity options, in general, are excellent. The interface makes it much more biased towards the newcomers. It allows them to learn the procedure quickly while not disrupting the user experience, which is an excellent thing to have. The Bitcoins get an instant transfer into your wallet upon payment through the debit card. The considerable upside of Coinbase is that when you make payments other than a debit card, up to five days may be required to complete the process, which creates an unfair comparison with the debit card payments. Privacy concerns may also be there because Coinbase has access to your app interface and can monitor your activities in the app.

9

9. eToro eToro is a very explicit crypto exchange platform that empowers beginners and intermediate users with lots of tools. These tools are not only gimmicks but in actual terms, they improve the efficiency and decision-making process much more in line with your end goal. The educational and analytical tools help the buyers and sellers to portray a transparent image of what’s going on. eToro also allows a range of payment options, and the transaction fee is standard. eToro always comes up with the sneaky moves that help its users grow while making sky-high profits. eToro has generous customer support, but the number of active users makes the system so busy to lodge and hear your case. eToro officially claims to listen to your complaints and queries in seven Business days, which is unacceptable for some users.

10. Cex.io Cex.io is another premium space for crypto exchanges. At first, Cex.io introduced itself as a crypto mining service; however, it later evolved into a crypto exchanging goliath. First and foremost, the transaction fee charged on Bitcoin exchanging is low from the rest of the competition. Low transaction fee provides ultimate satisfaction to the mind. Extraordinary security because of encoded channels and multi-layer protection for the centralized server frameworks. The cold wallet is there to secure the crypto assets of customers kept off-trade. It additionally arrives in an efficient, versatile application, similar to other Bitcoin exchanges. Big players have to hold back because there are daily limits for Bitcoin trading. US-based profiles are not allowed in Cex.io, so you need to make sure at the time of registration. The complete process of Bitcoin purchase takes a little longer than average.

11. Paxful Paxful works on the phenomenon of in-person dealings for Bitcoin trading. Some users of Bitcoin may like it, and some may dislike it based on personal preferences. Paxful ranks high in the Bitcoin community, which means there is something good in it. The goods include the freedom it provides to go through the vast list of buyers and sellers. You can choose the buyer based on his/her profile and make a sound offer. The payment methods are also flexible. There are more than 300 methods for payment.

10

The customer support and the transaction costs are very fair, and you won’t be disappointed by the application’s user interface. It shares the common disadvantage with all of the in-person dealing apps that is a risk of getting scammed. If something unfortunate happens, then the buyer or seller will be on their own. The dealings should be based on rational decisions when trading through Paxful.

12. Bitpanda Bitpanda is an Austrian-based crypto exchange, which is a massive advantage because it can understand the local perimeters and dynamics much better than the rest of the global Bitcoin trading organizations. Bitpanda offers the same top-notch level of security as the industry leaders. The privacy and security concerns help with the personal wallets, which are encrypted to prevent them from malicious threats. DDOS protection helps secure the credentials from hackers. At every critical step of your proceedings, your verification is required by an email that makes it one of the safest user experiences. It has a little less than one million excellent user base. Despite the premium features in the mobile application and overall performance, the transaction fees are nominal and won’t take much time to process. Direct trading is not available on Bitpanda, which may concern some users. The customer support is average due to a lack of live chat or phone call support.

11

Austria

Country Austria

Capital Vienna

Total Number of Bitcoin ATMs

101

Webpage https://www.smartbitcoininvestments.com/buy-bitcoin-in-austria/

12

Cities In Austria

City Page # of Bitcoin ATMs

Bludenz https://www.smartbitcoininvestments.com/buy-bitcoin-in-bludenz/ 1

Braunau https://www.smartbitcoininvestments.com/buy-bitcoin-in-braunau/ 1

Bregenz https://www.smartbitcoininvestments.com/buy-bitcoin-in-bregenz/ 5

Donaustadt https://www.smartbitcoininvestments.com/buy-bitcoin-in-donaustadt/ 0

Dornbirn https://www.smartbitcoininvestments.com/buy-bitcoin-in-dornbirn/ 3

Favoriten https://www.smartbitcoininvestments.com/buy-bitcoin-in-favoriten/ 0

Floridsdorf https://www.smartbitcoininvestments.com/buy-bitcoin-in-floridsdorf/ 0

Graz https://www.smartbitcoininvestments.com/buy-bitcoin-in-graz/ 22

Hohenems https://www.smartbitcoininvestments.com/buy-bitcoin-in-hohenems/ 1

Innsbruck https://www.smartbitcoininvestments.com/buy-bitcoin-in-innsbruck/ 14

Judenburg https://www.smartbitcoininvestments.com/buy-bitcoin-in-judenburg/ 1

Klagenfurt https://www.smartbitcoininvestments.com/buy-bitcoin-in-klagenfurt/ 5

Linz https://www.smartbitcoininvestments.com/buy-bitcoin-in-linz/ 19

Meidling https://www.smartbitcoininvestments.com/buy-bitcoin-in-meidling/ 0

Ottakring https://www.smartbitcoininvestments.com/buy-bitcoin-in-ottakring/ 0

Rankweil https://www.smartbitcoininvestments.com/buy-bitcoin-in-rankweil/ 1

Salzburg https://www.smartbitcoininvestments.com/buy-bitcoin-in-salzburg/ 11

Sankt Michael im Burgenland

https://www.smartbitcoininvestments.com/buy-bitcoin-in-sankt-michael-im-burgenland/ 1

Simmering https://www.smartbitcoininvestments.com/buy-bitcoin-in-simmering/ 0

Vienna https://www.smartbitcoininvestments.com/buy-bitcoin-in-vienna/ 63