If the price per BTC increases between purchase and sale, a profit is made. Depending on the country and personal tax situation, profits from the sale of Bitcoin must be taxed differently. Calculations from blockpit.io can provide a good indication of potential taxes.

It is worth hiring a knowledgeable tax advisor to avoid misunderstandings and incorrect taxation.

Current calculations state that the next Bitcoin halving will take place in 2028, approximately four years after the last Bitcoin halving in April 2024.

Key advantages include:

• Increase in value due to the limited total number of coins

• High anonymity

• High transparency

• Independence from banks and governments

• High security through blockchain technology

A major disadvantage of Bitcoin is the irreversibility of transactions. While this provides high security for planned and authorised transactions, transfers resulting from scams and other criminal activities cannot be reversed.

Experts and analysts predict a positive price development for Bitcoin in the coming years. This is partly due to an expected decline in the inflation rate. Additionally, crypto experts base their analyses of BTC value on an anticipated stabilisation of the geopolitical situation. However, these forecasts are speculative and cannot guarantee positive price development as past price trends do not indicate future value developments.

Trading Bitcoin is most commonly done through brokers, crypto exchanges, or derivatives. Investors can either buy coins directly or invest in financial products based on Bitcoin. These financial products include certificates and ETFs that track their value.

If you want to buy Bitcoin, you can invest quickly and easily through Bitpanda.

The maximum number of Bitcoins is capped at 21 million coins, the total amount that can be mined. Currently, around 19,250,000 coins have been mined and are stored in wallets or on the blockchain. As wallets are occasionally lost or deleted, the true available amount of Bitcoins is even lower.

Many experts predict a positive development for Bitcoin's price in the coming years, so investing in Bitcoin can be worthwhile.

Although Bitcoin has experienced several significant price drops since its inception, it has overall seen immense value growth. However, it is important to note that past price trends do not indicate future value developments.

These businesses accept Bitcoin as a payment method:

• Microsoft

• Mastercard

• PayPal

• Expedia

• WordPress

• Twitch

• Lieferando

• UNICEF

Purchasing Bitcoin (BTC) and other cryptocurrencies is simple and straightforward online. You can buy and sell Bitcoin on various platforms, including crypto brokers and exchanges.

Investing in Bitcoin (BTC) and other cryptocurrencies can be done in a few easy steps. Follow this guide to get started with crypto trading on platforms like Bitpanda and build your digital asset portfolio.

1. Choose the right platform to invest

Start by selecting a suitable trading platform that supports Bitcoin (BTC)

Consider features such as security, data protection, and user-friendliness

With the Bitpanda app from the Play Store or App Store, you can invest securely and conveniently on your mobile device

2. Create an account and get started

Register with an email address and create a strong password

Provide necessary personal details

Accept the terms and conditions and privacy policy

Begin the verification process

3. Confirm your identity

Verify your identity to start trading Bitcoin (BTC)

Complete the online verification with a stable internet connection and a valid ID document

4. Deposit funds into your account

Use the Bitpanda website or mobile app to deposit fiat money or other tradable assets into your account

You can deposit via bank transfer, credit card, PayPal or Apple Pay

There are also options to use EPS and SOFORT transfers, giropay, SEPA direct debits and other online payment services such as Skrill and NETELLER

5. Buy Bitcoin and invest in cryptocurrencies

Once the funds are in your account, you can buy Bitcoin (BTC) and other cryptocurrencies

Simply select Bitcoin for purchase, choose a payment method, and confirm the transaction

Buying cryptocurrencies like Bitcoin (BTC) involves risks and can lead to the total loss of the invested capital.

If you are interested in investing in cryptocurrencies like Bitcoin (BTC), Bitpanda offers a user-friendly and secure platform to get started.

Intuitive platform

Our platform features a user-friendly interface that makes buying Bitcoin (BTC), simple for both beginners and experienced traders. With the Bitpanda app, you can conveniently trade cryptocurrencies and other assets on your smartphone.

Install the Bitpanda app on your smartphone or tablet now.

Licensed and trustworthy

Bitpanda operates under strict regulatory guidelines and holds all necessary licenses for crypto brokers. Our business practices and holdings are regularly validated by external auditors. This ensures high security and transparency for every transaction.

Wide range of assets

At Bitpanda, you can invest in more than just cryptocurrencies. We offer over 3,000 different assets, including ETFs, CFDs, stocks, indices, and precious metals. Unlike other crypto exchanges, we guarantee stable prices based on the current market value.

Bitpanda wallet

Your Bitcoin (BTC) and other cryptocurrencies are securely stored in the wallet of your Bitpanda account. You can transfer your digital assets to an external wallet at any time.

24/7 customer support

If you have any questions or encounter issues while trading Bitcoin (BTC) or other assets, our customer support team is available 24/7 to assist.

Beginner-friendly products

Bitpanda offers products designed to help you start your crypto investment journey easily. With the Bitpanda crypto indices, you can invest in a diversified portfolio of leading cryptocurrencies. TheBitpanda Savings plans allow for regular investments to build long-term wealth.

Analysts frequently predict that cryptocurrency prices will rise due to the increasing acceptance of digital currencies. Early investors could benefit from lower entry prices and potential price increases. 

Be aware that cryptocurrencies like Bitcoin are highly volatile, meaning their prices can fluctuate significantly. Global economic events and regulatory changes can impact Bitcoin’s value. The past price performance of Bitcoin (BTC) does not indicate future performance, so it is essential to research thoroughly before investing.