Germany develops a single cryptocurrency wallet

German savings banks have begun work on a cryptocurrency wallet project for transactions withdigital assets. This was reported by Capital.

According to him, the team of the S-Payment IT service provider is working on the concept. A vote on the pilot project will allegedly be held in early 2022.

The publication claims that the plan provides for the ability to buy and sell digital assets directly through accounts. Customers will not have to go through additional verification procedures.

At the time of writing there are approximately 370 savings banks in Germany. The total base has about 50 million clients, assets under management are estimated at €1.4 trillion ($1.58 trillion).

Earlier, the parties of the new German government signed a coalition agreement in which cryptocurrencies and blockchain technology are listed among the main directions of the country's development in the next four years.

In 2019, the German government passed a law allowing banks to buy and sell cryptocurrencies.

In March 2020, the Federal Financial Supervisory Authority classified digital assets as financial instruments.

Let us recall that in April 2021, the Bundestag approved a bill allowing institutional funds to invest up to 20% of assets in cryptocurrencies.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.4
3	Exmo	https://exmo.me	6.9
4	OKEx	https://okex.com	6.5
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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