Purchasing Bitcoin in Germany has become somewhat of a hassle over the past year. Things started going south when LocalBitcoins announced they would no longer operate in Germany due to regulatory issues. A few months ago, German/Austrian bank Sparkasse decided to reverse Bitcoin-related bank transfers with or without any warning. But have no fear, as things are looking up again thanks to Giropay and Coinimal.
Coinimal is an Austria-based Bitcoin startup with one simple goal : simplifying the Bitcoin buying process in order to make it more appealing and accessible to novice users. Buying Bitcoin and other digital currencies is only part of Coinimal’s services though, as the platform also lets users sell their digital currencies in exchange for fiat currency.
Taking your first steps in the world of cryptocurrency are not always as straightforward as they could and should be, which is why Coinimal thinks they can provide users with the best user experience. In order to do so, the platform comes with a fully automated order system, 24/7 support and a completely secure environment.
Because Coinimal is based in Austria – and they have to comply with statutory regulations – users will need to create an account on the platform before they can buy or sell Bitcoin and other currencies. In order to start buying Bitcoins however, you will also need to verify your account by providing Coinimal with some of your personal identification and documentation.
Once you have taken care of those basic steps, purchasing Bitcoin only takes about two minutes from opening the order to having it fulfilled. That is if you use a payment method which sends an instant notification to Coinimal, such as SOFORT, EPS or OBT. SEPA Transfers are an option as well, but funds will only be released once the transfer clears in Coinimal’s bank account.
German Bitcoin enthusiasts will be pleased to hear that Coinimal has added an additional payment method in the form of Giropay, which also sends an instant notification to the merchant. For those of you unaware, Giropay transfers are debited from the sender’s account in real time, which triggers an instant payment notification.
Verified account holders who wish to make use of the Giropay deposit method will receive a 5 EUR discount on their order (if the minimum amount is 20 EUR or higher) for the time being. It is also important to note that Coinimal will not charge any additional fees for using Giropay as a payment method. No official details were announced on whether or not a fee will be charged when selling digital currency in exchange for Giropay though.
Website : https://www.coinimal.com/