21bitcoin Review 2024: Easiest App To Buy BTC?

21bitcoin is a user-friendly investment app offering regulated Bitcoin services with innovative features like auto-purchasing and sending to wallets. With no deposit or withdrawal fees, it's definitely worth considering for those interested in buying Bitcoin.

When it comes to buying Bitcoin, there are a plethora of services available, ranging from centralized to decentralized solutions, and more. In this guide, we will be exploring a new type of Bitcoin-centric app known as 21bitcoin.

This centralized exchange is exceptionally user-friendly and has been stripped of all altcoins to focus solely on the EUR/BTC pair. It is exclusively available for iOS and Android, with no computer interface.

Founded in 2022 by Daniel Winklhammer and Dominik Seibold, 21bitcoin (FIOR Digital GmbH) was granted registration as a virtual currency service provider by the Austrian Financial Market Authority in 2022.

The company's international team, based in Salzburg, Munich, and Vienna, brings together extensive knowledge of Bitcoin and finance, digital business models, as well as technical and legal expertise.

This guide will delve into how 21bitcoin operates, its safety, the advantages and disadvantages when compared to other alternatives, and how to use it with ease.

๐Ÿ‘‰ Click here to download the 21bitcoin app and get a 13% fee discount on Bitcoin purchases.

๐ŸŒ Website 21bitcoin.app
๐Ÿ™๏ธ Location Salzburg, Austria
๐Ÿ“… Year Founded 2022
๐Ÿ’ฐ Primary Token Bitcoin (BTC)
๐Ÿ“ˆ Listed Crypto 1
๐Ÿ’ฑ Trading Pairs EUR/BTC
๐Ÿ’ต Supported FIAT EUR
๐ŸŒ Supported Countries Europe
๐Ÿ’ฐ Minimum Deposit โ‚ฌ15,00
๐Ÿ’ธ Deposit Fees Free
๐Ÿ’ฐ Daily Buying Limit N/A
๐Ÿ’ฑ Trading Fees From 1.49% (minimum fee of โ‚ฌ0,49 applies)
๐Ÿ’ธ Withdrawal Fees N/A
๐Ÿ“ฑ Mobile App iOS or Android
๐Ÿ’ฌ Customer Support Live chat in-app

How 21bitcoin Works

21bitcoin Overview
21bitcoin Overview

21bitcoin is a Bitcoin investment platform that enables users to buy, sell and store Bitcoin easily and securely. The platform is designed to be user-friendly and beginner-friendly, making it an ideal option for those who are new to Bitcoin investing.

To get started with 21bitcoin, users can download the app and create an account. The app can be downloaded from the App Store or Google Play. Once the account is created, users can fund their 21bitcoin account in seconds via SEPA instant transfers to a German bank account.

Buying Bitcoin with 21bitcoin is as simple as tapping a few buttons on the app. From the dashboard, users can buy Bitcoin instantly with just four taps. The fees charged by 21bitcoin start from 0.79%, which is cheaper compared to other apps.

The platform also offers an Automated Savings Plan, which allows users to buy small amounts of Bitcoin consistently over time with a savings plan, benefiting from the Cost Average Effect through recurring purchases and Auto Wallet Transfers to your personal non-custodial wallet.

21bitcoin Safety
21bitcoin Safety

The security of user investments is a top priority for 21bitcoin. The platform stores Bitcoin securely, either on the app or on the user's wallet. Users' money is held at reputable financial institutions, and the platform meets the highest security, operational and regulatory standards. 21bitcoin is a registered service provider for virtual currencies, officially registered by the Austrian Financial Market Authority.

Apart from investing in Bitcoin, users can also invite friends and earn Bitcoin by referring them to the platform. Users can also gift Bitcoin to their friends and family members using the Bitcoin Voucher feature.

In summary, 21bitcoin is an easy, secure and fast way to invest in Bitcoin. With a user-friendly interface, low fees, automated savings plan, and excellent security measures, the platform is a great choice for those looking to invest in Bitcoin.

21bitcoin Quick Review

For those pressed for time, here's a concise overview of 21bitcoin. If you're interested, you can find a link at the end offering a discounted opportunity to open an account.

Category Feature Score
๐Ÿ” Privacy & Security (19/50)
๐Ÿ•ต๏ธ Non-KYC The exchange enforces the KYC to every user 1/10
๐Ÿ” Non-Custodial The exchange is custodial, users can withdraw their funds 3/10
๐Ÿ‘ฅ Peer To Peer The exchange doesn't offer P2P trading 1/5
๐ŸŒ Decentralization The exchange is centralized 1/5
๐Ÿ”’ Encryption The exchange encrypts all confidential data transfers 5/5
๐ŸŒ TOR Connection It's not possible to connect to the exchange with TOR 1/5
๐Ÿ“‚ Open Source Some software used by the exchange is open source 2/5
๐Ÿ“ฑ 2FA The exchange offers two-factor authentication 5/5
๐Ÿš€ Features (35/50)
๐Ÿ–ฅ๏ธ User-Friendly UX Very easy to use, clean UX 5/5
๐Ÿ’ต Fiat Onramp/Offramp Fiat onramp and offramp methods are the local ones 5/5
๐Ÿ’ธ Taker Fee From 1.49% 4/5
๐Ÿ’ธ Maker Fee From 1.49% 4/5
๐Ÿ’ธ Withdrawal Fee Based on the Bitcoin network current mempool fees 5/5
โ˜Ž๏ธ Customer Service Available via chat and ticket 4/5
๐Ÿ“š Documentation Plenty of documentation on the official website 5/5
๐Ÿšฎ Altcoins No altcoins supported 1/5
โšก Lightning Network Withdrawal/Deposit The exchange support the possibility to withdraw/deposit Bitcoin using the lightning network 1/5
๐Ÿ’ง Liquid Network Withdrawal/Deposit Not possible to withdraw or deposit Bitcoin with the liquid network 1/5
๐Ÿงฑblockdyor Score (54/100)

๐Ÿ‘‰ Click here to download the 21bitcoin app and get over a 13% fee discount on Bitcoin purchases.

How to buy Bitcoin with 21bitcoin

This guide will take you through the process of purchasing Bitcoin using 21Bitcoin in a step-by-step manner.

  • To begin, you must first download the 21Bitcoin application, which is available for iOS or Android. Please note that 21Bitcoin is exclusively for European users, and you must have an established Apple ID or Google account in Europe in order to actually find and download the app.

๐Ÿ‘‰ Click here to download the 21bitcoin app and get over a 13% fee discount on Bitcoin purchases.

  • Once the application is downloaded, you will need to verify your mobile phone number via SMS and set up a password. Upon completion of these steps, you will have access to the application.
The 21bitcoin dashboard
The 21bitcoin dashboard
  • However, before you can use it to purchase Bitcoin, you will be required to verify your email and complete a KYC (Know Your Customer) questionnaire. This involves providing a copy of your identity document and undergoing a live video verification process to confirm your identity. These steps are necessary as 21Bitcoin is a registered company regulated in Austria, operating in compliance with European regulations.
21bitcoin Deposit Fiat
21bitcoin Deposit Fiat
  • Once your email and identity have been verified, you may proceed with purchasing Bitcoin. To initiate the process, click on the "+" button and select "Add cash." From there, you will be provided with instructions for completing a bank transfer. Please note that only EUR is accepted on 21Bitcoin, and you must include all information provided by the platform, including the recipient IBAN, payment purpose (which is a unique number used to identify your deposit), recipient name and address, SWIFT/BIC, and bank details.
  • After completing the deposit, it should arrive within a matter of seconds (if using SEPA instant) or 1-2 days (with standard SEPA). You will receive an email and notification when the deposit has been processed, which will look like the following:
21 Bitcoin Deposit Notification
21 Bitcoin Deposit Notification
  • Once the fiat deposit has been received, you can proceed to purchase Bitcoin. Simply navigate to the initial dashboard and click on the "+" symbol.
21bitcoin Buy BTC with EUR
  • Select Buy BTC with EUR;
  • At this point, you will need to select the type of order you wish to execute. 21Bitcoin offers a Savings Plan, which involves recurring purchases made automatically from your bank account, as well as a Standard Purchase option, in which the EUR in your account balance is used to purchase Bitcoin. For this example, we will select the Standard One-Time Purchase.
21bitcoin Buy Bitcoin
21bitcoin Buy Bitcoin
  • Finally, you will have to select the amount of Bitcoin you want to buy. This amount cannot be greater than your current EUR fiat balance. The app will conveniently tell you the amount of satoshis you will buy with this purchase, the market price and the fee.
21bitcoin Bitcoin Purchase Successful
21bitcoin Bitcoin Purchase Successful
  • After clicking on confirm, in a matter of milliseconds your market order will be filled and the Completed confirmation screen will appear with the final price and fees and the amount of Bitcoin purchased.
  • Congratulations, you have just bought your first sats on 21Bitcoins! Now you have two choices: keep the Bitcoin on 21Bitcoin, sell them on 21Bitcoin or move them to a non-custodial wallet.

Moving the Bitcoins from 21Bitcoin to a non-custodial wallet

21bitcoin Save Wallet
21bitcoin Save Wallet

We recommend keeping your coins in self custody, and while 21bitcoin offers a convenient built-in wallet for storing Bitcoins, it is custodial in nature, which means you don't have full ownership of the coins.

However, on 21bitcoin you can also easily transfer your Bitcoins to a non-custodial wallet of your own.

Hardware wallets offer superior cold storage solutions for your cryptocurrency compared to simple software hot wallets. Among the top hardware wallets for cold storage is the Trezor Model T, created by SatoshiLabs, pioneers in the bitcoin industry.

One of the remarkable features of the Trezor Model T is that the seed phrase is never entered on any computer. Instead, it is displayed once on the color touchscreen during the wallet's setup, allowing you to write it down on the seed phrase backup card and keep it offline, always.

To learn more about the Trezor Model T, check out our comprehensive review. Or, if you're ready to purchase, click the link below to visit the official Trezor store and take advantage of a discounted price.

๐Ÿ‘‰ Click here to get the Trezor Model T from the official Trezor website. Apply code BLOCKDYORTT during checkout for an exclusive 10% discount.

Here's how to send your crypto from 21bitcoin to your wallet:

21bitcoin Bitcoin Withdrawal
21bitcoin Bitcoin Withdrawal
  1. Simply click on the Plus "+" button;
  2. Select Send;
  3. Input the desired amount of Satoshi;
  4. Provide the address of your non-custodial wallet to send the Bitcoin via the Bitcoin network;
  5. Double check the address. When you are ready, confirm. Remember that transactions on the Bitcoin network are irreversible.
  6. After requesting the withdrawal, you will need to wait ~ 10 minutes for the block confirmation. If you activated it in your phone's settings, you will receive a notification of the completed withdrawal.
21bitcoin BTC Withdrawal Completed Notification
21bitcoin BTC Withdrawal Completed Notification

21bitcoin Features

21bitcoin is a simple yet effective app that offers several options, including:

Buy: Purchase BTC with EUR

  • With a direct buy, you can select the amount of fiat currency you want to spend on BTC, and the app will fill a market price order. This allows for quick and easy purchases.
  • An Automated Savings Plan offers a recurring buy option, where small amounts can be consistently purchased over time with a savings plan. By setting up a standing order to your bank account, you can benefit from the Cost Average Effect and directly transfer funds to cold storage with Auto Wallet Transfers.

Sell: Sell BTC for EUR

  • This feature allows you to sell your BTC holdings for fiat currency, which can then be transferred to your bank account.

Send: Transfer BTC to another wallet within the Bitcoin network

  • This option enables you to send BTC to another wallet within the Bitcoin network. It's a secure and fast way to transfer funds.

Gift: Gift Bitcoin to friends

  • With the gift option, you can send BTC to your friends or family members as a gift. It's a unique way to introduce others to the world of Bitcoin.

Add Cash: Transfer fiat to 21bitcoin from your bank account

  • This feature allows you to add funds to your 21bitcoin account with fiat currency. It's a convenient way to purchase BTC directly within the app.

Cash Out: Transfer fiat to your bank account from 21bitcoin

  • This option enables you to transfer fiat currency from your 21bitcoin account to your bank account. It's a quick and easy way to access your funds.

Overall, 21bitcoin is a reliable and user-friendly app that offers a range of features for Bitcoin traders. Whether you're buying, selling, sending, gifting, or cashing out, 21bitcoin makes it easy to manage your BTC holdings.

Is 21bitcoin safe?

According to our research, 21bitcoin is registered as a Virtual Asset Service Provider by the AMF in Austria.

21bitcoin (FIOR Digital Gmbh) AMF Registration
21bitcoin (FIOR Digital Gmbh) AMF Registration

To confirm this information, we visited the official website of the Austrian FMA, fma.gv.at, and searched for the parent company of 21bitcoin, Fior Digital.

Our findings indicate that Fior Digital is registered as a Virtual Asset Service Provider with the commercial register number 556789h and has its address at RupertiwinkelstraรŸe 19 in Salzburg, Austria.

This registration, combined with the company's strict adherence to KYC protocols for all users, allows 21bitcoin to offer safe and regulated Bitcoin investment services throughout Europe.

21Bitcoin Pros & Cons

Pros Cons
โœ… Regulated in Europe โŒ Higher fees than traditional exchanges
โœ… Easy to use โŒ No web app
โœ… Fees are fair โŒ KYC is mandatory
โœ… Offers multiple options for buying and selling โŒ Limited to BTC trading only
โœ… Automated Savings Plan for recurring purchases โŒ Europe only
โœ… High level of security and cold storage options

After extensive testing of the platform, we can confidently say that the benefits of 21bitcoin outweigh the drawbacks. While the KYC process may require sacrificing some privacy, it can be completed securely with the knowledge that the app is well-regulated.

Although fees might be higher compared to industry giants like Kraken, they are still relatively low, and the premium is worth considering the classy design and ease of use of the platform.

21bitcoin Alternatives

In recent years, several new solutions have emerged for purchasing Bitcoin, including Relai and Peach Bitcoin.

21bitcoin Relai Peach
๐Ÿงฑ blockdyor Total Score 54/100 72/100 60/100
๐Ÿ•ต๏ธ Non-KYC No Yes Yes
๐Ÿ” Non-Custodial No Yes Yes
๐Ÿ‘ฅ P2P No No Yes
๐Ÿ’ต Fiat Onramp/Offramp Yes Yes Yes
๐Ÿ’ธ Taker/Maker Fees From 1.49%/1.49% From 2.5%/2.5% From 2%/2%

Relai: A mobile app that enables users to buy Bitcoin without any prior knowledge of cryptocurrencies or trading. The app simplifies the process and allows users to purchase Bitcoin using their bank account or credit card. One of Relai's advantages over 21bitcoin are more ways for fiat onramp and integrated non-custodial wallet. Learn more in our Relai Review.

Peach Bitcoin: Another Bitcoin only exchange, but it's very different because it it's Peer-to-peer, with privacy in mind. It allows users to purchase Bitcoin using multiple fiat currencies without requiring KYC verification. However, as with most of the p2p exchanges, its fees are significantly higher compared to 21bitcoin and Relai. Learn more in our Peach Bitcoin Review.

While 21bitcoin does require KYC verification, it offers a user-friendly platform with low fees, making it an attractive option for purchasing Bitcoin. Overall, the best option for purchasing Bitcoin will depend on individual needs and preferences.

Bottom line

In conclusion, 21bitcoin offers a regulated and user-friendly platform for purchasing Bitcoin. While the platform requires KYC verification, it offers low fees, multiple options for buying and selling Bitcoin, and a high level of security and possibility to send the coins to your non-custodial wallet.

Even if some may be deterred by the lack of a web app or limited trading options compared to traditional exchanges, overall 21bitcoin remains a strong choice for those looking to purchase Bitcoin securely and with ease.

๐Ÿ‘‰ Click here to download the 21bitcoin app and get a 13% fee discount on Bitcoin purchases.

21bitcoin Evaluation

21bitcoin, scoring 54 out of 100, is a straightforward app, albeit centralized, yet incorporating certain self-custody features.

Reputation: 21bitcoin is a promising investment app for Bitcoin. Its Trustpilot score is excellent, boasting 29 positive reviews. We found that the app's functions are seamless and easy to use.

Technology: the company's decision to solely offer Bitcoin without a web app is commendable. This allows them to focus on developing an exceptional app experience without having to cater to multiple devices. The app's innovative feature of auto-purchasing and sending Bitcoin to wallets is a game-changer for self-custody enthusiasts.

Customer service: we received helpful responses from their live-chat service within a few hours. However, it's unfortunate that the support isn't available 24/7.

Fees: they are minimal on 21bitcoin, with no deposit or withdrawal fees. Market order costs are reasonable and decrease with larger amounts.

Ease of use: 21bitcoin is incredibly user-friendly and one of the easiest applications to purchase Bitcoin through an app.

Frequently asked questions (FAQ)

Is 21bitcoin a regulated platform?

Yes, 21bitcoin is regulated by the AMF (Austrian Financial Market Authority) in Austria. The company is registered as a Virtual Asset Service Provider and follows strict KYC (Know Your Customer) protocols for all users. This allows 21bitcoin to offer regulated Bitcoin investment services throughout Europe.

What are the fees associated with using 21bitcoin?

There are no fees for deposits or withdrawals on 21bitcoin. However, market order costs are present and vary based on the amount of Bitcoin being purchased. These fees are reasonable and decrease with larger amounts.

What sets 21bitcoin apart from other Bitcoin investment apps?

21bitcoin is a user-friendly app that allows for auto-purchasing and sending of Bitcoin directly to wallets, making it a game-changer for self-custody enthusiasts. The app only offers Bitcoin, which allows for a streamlined and focused development process. Additionally, their Trustpilot score is excellent with 29 positive reviews, further solidifying its reputation as a promising investment app.