Buy eCredits
in Germany

The eCredits Ecosystem is a decentralized, blockchain-based ecosystem with its own native,
usable cryptocurrency, called eCredits (ECS). According to the official website of eCredits, by
using the eCredits Blockchain, local and regional micro-ecosystems will be able to develop,
provide, and sell services and goods. This movement will be supported by the eCredits
ecosystem, which aims to provide a platform for this aim. These services are designed to aid
micro, small, and medium-sized businesses (MSMEs) in competing on an equal footing or even
surpassing larger market participants. As a result, local businesses will be able to connect with
their customers on a whole new and direct level. This will give local suppliers opportunities to
reward their customers by enabling them to earn discounts and bonuses through repeated
purchases. Since eCredits ecosystem is built on and powered by blockchain technology, which
is by its very nature decentralized and secure, it also supports diversity and incorporates social
values like equality into its functionality. With regard to making purchases from small businesses
and retailers, eCredits wants to become the method of choice for customers. The overall goal of
eCredits is to encourage local shopping, strengthen neighborhood communities, and promote
more environmentally friendly behaviors

ECS is the abbreviation and official sign for eCredits, which is a digital currency or form of digital
asset that is operating on its own decentralized blockchain as a pro-environmental project.

Germany is one of the countries where not only the buying and selling of cryptocurrencies is legal, but it also recognizes exchange providers and wallets in the category of financial services companies. From the moment that virtual currencies like Bitcoin emerged in the world, the German Financial Regulatory Authority accepted that as a legal trade. Furthermore, purchasing cryptocurrency is much easier in Germany compared to most countries, because people can buy Bitcoin and other valid digital currencies via bank, credit card, debit card, and even electronic payment. That shows how popular cryptocurrency is in this country. Almost 90% of people in Germany know what cryptocurrency is, and 25% of them own at least one coin as their digital asset. Therefore, Germans won’t face any legal rules or problems while buying digital currencies

The German Federal Central Tax Office has recognized cryptocurrencies as private money, which means it is a legal asset that is not property or foreign currency. According to taxfix, cryptocurrency is considered tax-free, but there are some conditions. The first condition is the duration of ownership. If a crypto owner holds the tokens for one year and then sells them, this trade is tax-free if the sale profit is 600 EUR. Therefore, if they sell the tokens and gain even one euro higher than 600 EUR, they should pay tax for the entire profit. The sale profit of tokens holding more than one year is tax-free. Meanwhile, if they sell the coins for less than a year (11 months) and gain profit from selling them, they should pay its tax, which is the same as the regular income tax rate of 45% plus the 5.5% Solidarity Tax.

With the goal of being "the People's Currency," eCredits enables users to pay with ECS, send
and receive payments quickly, trade cryptocurrencies freely, and earn eActivity as bonus. With
its own custom wallet, ECS can be used for peer-to-peer transactions as well as in-person and
online retail establishments, bars, and restaurants.

Anyone with a valid identity and bank account can buy cryptocurrency in Germany. Many platforms and exchanges in Germany accept buying cryptocurrencies with a debit card or even Paypal. Therefore, consider which payment method you want to choose before purchasing any cryptocurrency and select the platform that accepts that method. Always choose a legal cryptocurrency exchange, such as Blocktrade, and a secure wallet to buy and keep your preferred coins.