Crypto Banks
Buy Crypto with Scalable Capital

Buy Crypto with Scalable Capital

Adrian Graham
Fact Checked
Nov 18, 2022

Summary: Scalable Capital does not directly offer cryptocurrencies like Bitcoin and Ethereum to buy and sell on their platform. They only allow you to buy Crypto ETPs, which are Exchange-Traded Products and are not the real underlying crypto assets.

The best alternative for German investors is a platform like eToro EU that offers over 70 cryptocurrencies and thousands of Stocks, ETFs and Commodities. You can get started with fast and cheap EUR bank deposits via any German bank on the eToro exchange.

Table of Contents

eToro - Best Scalable Capital Alternative

Platform Highlights

  • Offers real Crypto Assets that you can self-custody (unlike Scalable Capital which is only Crypto ETPs).
  • Regulated and licensed by the Financial Conduct Authority (FCA) and ESMA throughout the UK and Europe.
  • 80+ Cryptos and over 7,000 Stocks, ETFs & Commodities with low fees and instant deposits via European Banks.

Can I buy Crypto with Scalable Capital?

No, Scalable Capital does not allow German investors to buy real Cryptocurrencies on their platform. Scalable Capital only offers Crypto-ETPs (exchange-traded products), which are assets tied to the price of crypto but are not the real underlying asset. This means that if you buy crypto on the Scalable Capital platform, you cannot withdraw it to your private wallet.

We recommend avoiding the Scalable Capital broker because the whole point of Crypto investing is being able to hold your coins. When investing in Bitcoin, Ethereum, and other digital assets with Scalable Capital, you are taking counterparty risk by not being able to withdraw your assets.

Scalable Capital Crypto
Trade Crypto ETPs with the Scalable Capital broker.

What are Crypto ETPs on Scalable Capital Broker?

Crypto ETPs stands for "Crypto Exchange Traded Products" and it represents a contract that tracks the value of the underlying cryptocurrency. For example, a Solana (SOL) ETP is a contract denominated in Euros (EUR) that tracks the value of the SOL token on other exchanges. It does not represent one SOL token that you can withdraw and use on the Solana network.

All ETPs on Scalable Capital are 100% backed and collateralized by the token, however, it is not redeemable for users.

What is the best Scalable Capital alternative for Crypto?

The best alternative to Scalable Capital to buy Cryptocurrencies in Germany or throughout Europe is the eToro EU trading platform. They are a regulated exchange in Europe and Germany under the supervision of BaFin that offers over 65 cryptocurrencies and thousands of Stocks, ETFs, Commodities, and more.

Their platform allows you to buy Crypto with Euros (EUR) and then withdraw them onto a separate wallet for secure storage. You can get started investing with this simple guide:

  1. Create an account: Sign up to the eToro EU trading platform and verify your identity.
  2. Deposit funds: Select the 'Deposit Funds' button on the bottom of your screen to deposit EUR via Bank Transfer, Debit Card, Credit Card or PayPal.
  3. Find your Crypto: Once the EUR hits your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
  4. Execute your trade: Input the EUR amount you want to invest and execute your trade.
invest in crypto scalable capital alternative
Buy Crypto Stocks, ETFs, Bonds, Commodities, and more with eToro EU.

About Scalable Capital

Scalable Capital is a German online broker that offers ETF investing and portfolio management with low fees. They are regulated by BaFin and offer a mobile app for Android and iOS. Deposits can be made via bank transfer or debit card, however withdrawals can only be made back to the depositing account. There is no minimum deposit required to open an account.

Investors can choose between a managed portfolio or individual ETFs when opening an account. Scalable Capital does not offer any stock, commodity, or cryptocurrency investing at this time.

Scalable Capital Fees

  • Managed portfolios: 0.75% annually + 2% one-time setup fee
  • Individual ETFs: 0.25% per trade + 2€ monthly account fee

Scalable Capital is available in the following countries: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and United Kingdom. They offer customer support via email and telephone Monday-Friday 9am-6pm CET.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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