Buying Bitcoin and Ethereum at Kurant ATMs – You Need to Know It

This is what awaits you in this article

Cryptocurrency adoption does not only affect countries like El Salvador, which have adopted bitcoin as legal tender. Also in Germany, blockchain technology and its applications are finding an increasing place in everyday life. Media-Saturn-Holding GmbH now owns the first encoders built in Germany as part of a pilot project. In this article you will find all the important information about the new encoders. We will also show you how to sign up and at the end of the article we will explain if buying Bitcoin or Ethereum from crypto hardware is actually beneficial and what alternatives are better for beginners.

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Who supplies the machines and who are the participating suppliers?

Early in 2019, MediaMarktSaturn, in collaboration with Kurant, made the first Bitcoin machines available at Media Markt stores in Austria. Courant is the market leader for operating Bitcoin ATMs in Europe and is a subsidiary of Coinfinity GmbH, an Austrian Bitcoin broker.

In Germany, encoders are operated by Sutor Bank and Kurant. This works using Spot9 GmbH, which is a subsidiary of Kurant GmbH and a service of Sutor Bank. In doing so, Sutor Bank acts as part of a financial commission transaction in the cryptocurrency transfer processing. As a result, the new cryptocurrency ATMs are backed by strong companies with crypto expertise and industry experience. Sutor Bank in particular has proven to be very crypto-friendly in recent years. This can be seen, among other things, in the cooperation with the broker Justtrade.

Where are the encoders?

As Germany is still in a six-month beta phase, initially there are only three machines at selected sites as part of the collaboration with Media-Saturn-Holding GmbH. These include Saturn stores in

  • Cologne (Hohe Strasse 46-50)
  • Frankfurt am Main (line 106-110)
  • Dortmund (Westenhellweg 70-84)

These sites were chosen based on the affinity of cryptocurrencies in each region.

In addition, Spot9 also cooperates with other partners who also have encoders in Germany. In Berlin alone there are five other machines where you can buy Bitcoin and Ethereum using the same principle.

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Do you need a wallet to buy cryptocurrency?

Cryptocurrencies are kept in the wallet. Therefore, to buy Bitcoin or Ethereum at digital currency ATMs, you also need a wallet in which the purchased coins are kept. It doesn’t matter what kind of wallet you have. The only important thing is that you can display your wallet address as a QR code.

Spot9 recommends using wallets from www.blockchain.com and www.greenaddress.it. Both wallets are free. If you value the wallet in German, the offer from www.greenaddress.it is best for you. But you can also use the Meta Mask wallet that we have already explained.

How to register to be able to use encryption machines!

Since anonymous use of crypto ATMs in Germany is not possible, you must register, legalize yourself and conclude a framework agreement with Sutor Bank. We’ll show you how it works!

Registration in Courant Machines – How does it work

Visit www.kurant-btm.de/registerde to start the registration process. You can switch the page to German at the top right. Enter your cell phone number and confirm by pressing “Next”.



After a few seconds, you will receive an SMS with a code that you must enter. Confirm your entry by clicking Next.

How to buy bitcoin from a vending machine.

Now a window will open in which you have to enter your email address and choose a password. In addition, some marked approvals are mandatory for further registration. This includes the General Terms and Conditions, Risks and Data Protection Information, confirmation that you are not a US citizen or a US taxpayer, and finally confirmation that you are of legal age. Check the box and click Register.

How to buy bitcoin from a vending machine.

In order to continue with the registration, you must confirm your email address. Spot9 has sent you a confirmation email for this.

How to buy bitcoin from a vending machine.

After confirming your email address, you will be taken to enter your personal data. Now fill in all mandatory fields and confirm your entry by clicking Save.

How to buy bitcoin from a vending machine.

Now you have to set a PIN, which you will need to use to confirm transactions at crypto ATMs in the future. Save your PIN by clicking Create PIN.

How to buy bitcoin from a vending machine.

You are almost done! All you have to do now is confirm your identity. To do this, select the identity document that you have and enter the expiration date. Then click “Start Identification” to continue the legalization process.

How to buy bitcoin from a vending machine.

The identification is processed by the service provider IDnow. Download the IDnow app for your smartphone and start the process with your personal ID. You will now be connected to an IDnow employee who will carry out the legalization process with you.

How to buy bitcoin from a vending machine.

Been completed! Now your data will be checked and verified only. After a short time you will receive an email with registration confirmation.

How to buy bitcoin from a vending machine.

What payment options does the encoder offer?

At the moment, you can only pay with cash at crypto machines. Euro banknotes are accepted in denominations of 10 euros, 20 euros, 50 euros, 200 euros and 500 euros.

Buying and selling Bitcoin or Ethereum at an ATM? This is how it’s done

Once you have chosen to buy Bitcoin or Ethereum from the crypto machine, you will need to enter your mobile phone number. Your mobile phone number will be linked to your existing Spot9 account. You will then receive a five-digit security code via SMS, which you must enter into the device.

In order for the purchased cryptocurrency to be transferred to you, your wallet address must be scanned as a QR code by the device. This works in a similar way to DHL package stations. It doesn’t matter what kind of wallet you use and whether you have a QR code on your mobile phone or on paper. Then make sure your wallet address is correct with your four-digit Spot9 PIN.

Only now you can deposit your money and confirm the purchase. If necessary, you will receive a receipt of the transaction. In addition to that, you can also track all the transactions on your Spot9 account. After a short time, you will finally have your cryptocurrency in your wallet. This may take up to ten minutes.

Your purchased cryptocurrency cannot currently be sold at Saturn’s vending machines. Spot9 does not provide any information on this in the FAQ. But you can transfer cryptocurrencies to another wallet or exchange them if necessary and trade or sell them for other currencies there.

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What are the alternatives available to buy cryptocurrency?

While buying Bitcoin and Ethereum from cryptocurrencies is easy to use, the general handling is different than using a specialized crypto app Complex for beginners. In addition, the machines are in the public domain and silence is not recommended for such transactions. Purchases are also from only one An amount of at least 50 euros possible. Another disadvantage is that every transaction has a right High fees eight percent Will be responsible. For comparison: when buying through crypto providers on a smartphone, the fee is well under one percent.

You can also buy cryptocurrency from the comfort of your home without using a crypto machine. We have already introduced you to some brokers for this. For example, you can use the offers of the Stuttgart Stock Exchange provided to you by BISON or BSDEX. Both providers are much cheaper than crypto machines, offer you a larger selection of cryptocurrencies and with BISON you also have the option to set up savings plans. In addition, cryptocurrencies can be sold via BISON and BSDEX wallets without restrictions. You can also buy and sell Bitcoin and Ethereum easily from your smartphone with our innovative Nuri checking account.

Nouri account with an integrated wallet for cryptocurrency purchases

  • Free checking account with your own wallet
  • Regulation by BaFin and deposit insurance for Euro holdings
  • It is possible to buy Bitcoin and Ethereum and set up savings plans
  • Optional investment in ETF via Nuri-Pots
  • Fee 1% of transaction volume for buying and selling cryptocurrencies

Bison app from the Stuttgart Stock Exchange with a bonus campaign

  • Special offer for new customers: €20 in Bitcoin for free
  • Legal Deposit Guarantee of €100,000 per person for Euro property
  • Secure storage of crypto holdings using a multi-level security concept
  • Buy and Sell Bitcoin (BTC), Bitcoin Cash (BCH), Chainlink (LINK), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Uniswap (UNI)
  • Access via the smartphone app or via the Bison website
  • It is possible to set up savings plans with no minimum amount
  • There is no fee per order, only a difference of 0.75 percent applies
  • Only EUR can be traded, therefore cryptocurrencies cannot be traded with each other

Boers Stuttgart Digital Exchange (BSDEX)

  • Legal Deposit Guarantee of €100,000 per person for Euro property
  • Secure storage of crypto holdings using a multi-level security concept
  • Buy and Sell Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH)
  • Access via the smartphone app or via the BSDEX website
  • Order costs up to 0.35%, depending on order type
  • No savings plans possible
  • Only EUR can be traded, therefore cryptocurrencies cannot be traded with each other

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