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Germany has over 7 million active crypto users, generating nearly €47.3 billion in gains in 2024. An estimated €4 billion in taxes should be collected—yet only a fraction is reported. This study provides exclusive insights into German crypto users and their tax impact.
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• Over 63% of German crypto profits will remain tax-free in 2024, as the majority of the assets sold were held for more than one year.
• This long-term strategy reduces tax liability but presents challenges in tracking and proving ownership.
• Around 74% of German crypto assets are held on centralized exchanges
• The median of a portfolio is €13,000.
• The top 1% of investors hold 25% of total crypto wealth.
• Less than 3% of German crypto users correctly report their gains.
• The increasing use of multiple platforms and wallets complicates tax reporting.
Crypto taxes can be complex. Blockpit makes them manageable.
