We are a Bitcoin broker and offer you a safe and fast way to buy or sell Bitcoin cheaply. As a company based in Austria, we are registered with the Austrian Financial Market Authority.
There are many good reasons to get involved with Bitcoin. Due to its decentralized nature, many people trust the monetary properties of Bitcoin more than they do with other currencies. Bitcoin also differs from other cryptocurrencies because it is a system that is so widely distributed that it is probably the only place you can speak of a network that cannot be influenced by central authorities.
Bitcoin can be used in a similar way to other currencies. It can be used to pay for goods or services. To send Bitcoin, the sender only needs to know the Bitcoin address of the recipient. This means you can send value around the world at any time of the day or night without a third party (such as a bank).
As is often the case with the organic creation of new money, the most important property currently used for Bitcoin is that of a store of value. Like gold, for example, Bitcoin is often seen as a hedge against inflation and as an appreciating asset that retains its value or even gains purchasing power over time. For this reason, Bitcoin is often referred to as "digital gold".
However, due to its relatively recent history and much lower liquidity in the market, the Bitcoin price fluctuates relatively strongly. Even if this high volatility has meant a long-term trend of increasing value in the past, no one can say with certainty that these fluctuations will have a similar effect in the future.
As already mentioned, Bitcoin is characterized by sometimes strong price fluctuations. This also makes Bitcoin an interesting speculative asset for traders and gamblers. In our view, however, short-term investments are not recommended for "non-professionals". A long-term savings strategy has not only proven successful in the past, but is also much less stressful.
A maximum of 21,000,000 BTC coins can be mined through the mining and the proof-of-work consensus mechanism.
The last Bitcoin share is expected to be found or mined in 2140.
The Bitcoin price results from the dynamic balance between supply and demand. As an autonomous monetary system, Bitcoin remains unaffected by banks and government influence. Price increases typically follow an increase in demand, although various factors, including geopolitical and economic events, can cause fluctuations.
Starting with the first documented Bitcoin price of USD 0.0008 per coin, the currency has had a diverse price history. One notable moment was the purchase of two pizzas for 10,000 BTC in 2010. In successive years, the Bitcoin price has experienced significant peaks and troughs, including the all-time high of USD 69,045 per coin in November 2021.
Some standout events in the Bitcoin price history:
Over the years, Bitcoin has become increasingly popular not only with private investors, but also with large companies and asset management institutions. Major events such as PayPal's acceptance of Bitcoin and extensive investments by Tesla had a significant impact on the price, driving it to its all-time high of around EUR 60,000 in November 2021.
The year 2022 brought some new regulatory developments, such as planned government regulations and a complete ban on Bitcoin in China. At the same time, the collapse of FTX and the Terra blockchain occurred, leading to great uncertainty in the market. Once again, many people had to learn that they should store their Bitcoin themselves in order to minimize the necessary trust in institutions. For this reason, we always send Bitcoin purchases directly to your own wallet.
Bitcoin's historical price movements reveal high volatility, driven by massive changes in demand, while supply is planned and static. Although positive price movements have been observed, past performance is not a predictor of future results. However, with upcoming financial products such as the Blackrock Bitcoin ETF, it is likely that many more people and especially institutions will follow the idea of Bitcoin in the near future.
What are the factors influencing the price of Bitcoin, the most prominent cryptocurrency? With a remarkable market capitalization that currently graces the top of the crypto world, Bitcoin manifests itself as an economic force, but also with sometimes strong fluctuations, measured in fiat currencies such as the euro.
The development of Bitcoin in the financial world is remarkable and at the same time complex, characterized by a fixed maximum quantity and predictable halvings. The current and future issue rate of new Bitcoin is known and can therefore be planned. As a fixed supply therefore meets a sometimes very fluctuating demand, the Bitcoin price is often characterized by large fluctuations.
Other factors that can strongly influence the Bitcoin price in the short term are over-interpreted news reports or statements by well-known personalities. In the long term, however, these factors do not really have a massive impact on the market price.
Bitcoin is now also anchored in everyday life in El Salvador, where it functions as a legitimate means of payment alongside the US dollar. This decision enables freedom from international financial structures and fears of inflation, but at the same time exposes the country's level of prosperity to a certain extent to the volatile nature of the BTC exchange rate. It is therefore important for the national government to find a challenging balance between financial freedom and stability.
When it comes to the security of Bitcoin, the blockchain with its almost impenetrable structure is insurmountable for potential attackers. However, exchanges and service providers that offer their customers the storage of Bitcoin open up a space for potential threats. Incidents such as the theft of 7,000 Bitcoin from the Binance exchange in May 2019 unfairly cast Bitcoin in a bad light. However, such attacks are not even possible on the Bitcoin blockchain itself, but only when custodians holding customers' assets are attacked. Those who hold their Bitcoin themselves, for example by buying it from Coinfinity, take personal responsibility and do not run the risk of becoming the victim of such a hacker attack.
In the US, regulation was like the Wild West at times. But at Coinfinity, we value transparency: as a company regulated by the FMA (Austrian Financial Market Authority), we stand in contrast to opaque companies that carelessly handle customer funds. In an age where technology and security complement each other, well-known Bitcoin companies such as Blockstream, Lightning Labs and Spiral are investing heavily in the further development and perfection of Bitcoin.
Careful selection and storage of wallets is crucial to protect investors' crypto assets. In this context, strong passwords and awareness of potential threats also play an essential role in protecting one's crypto wallet from phishing attacks and other fraudulent activities.
These facets show that the journey to Bitcoin is multi-layered and multi-faceted. It is paved with challenges and opportunities that captivate both investors and observers. In this ongoing dialog between technological progress, market manipulation and real-world application practices, Bitcoin remains a fascinating object as a digital store of value and censorship-resistant currency.
Our service fee is 1.5%. In addition, the mining fee applies.
All fees are clearly displayed before the purchase.
If you pay by SEPA transfer, we will send the Bitcoin as soon as we receive the payment on our account, this usually takes 1-2 business days.
When paying with SEPA-Instant or real-time transfer, the Bitcoin will be sent after 30 minutes at the latest.
The price per bitcoin is always fixed at the time of purchase.
This means that even if you pay by SEPA transfer, you know exactly which Bitcoin amount you will receive.
Online Bitcoin can be paid by SEPA transfer and SEPA instant. With credit card Bitcoin can be purchased through the Bitcoinbon in the store. Buying Bitcoin with cash is currently only possible at ATM, OTC or directly at our Graz office. Payment with PayPal is currently not possible.