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Buy Crypto with Scalable Capital

Buy Crypto with Scalable Capital

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 Bybit. Bybit is a derivatives crypto exchange that offers spot, futures, options and margin trading. Additionally, Bybit users can stake, lend, borrow and earn over 200 tokens.

Table of Contents

Best Crypto Exchange in Germany

Platform Highlights

  • Free and instant Euro (EUR) deposits from any German Bank.
  • Trade 400+ Cryptocurrencies with fees starting from a low 0.1%.
  • Non-KYC exchange with proof-of-reserves that show customer funds are backed 1:1.
Bybit - Germany
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Audited Proof of Reserves
Audited Proof of Reserves

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 collateralised by the token, however, it is not redeemable for users.

How to buy Crypto with Scalable Capital alternative

The best alternative to Scalable Capital to buy Cryptocurrencies in Germany is through Bybit. Unlike Scalable Capital, their platform allows you to buy Crypto with Euros (EUR) and then withdraw them onto a separate wallet for secure storage. Follow the below steps to get started.

  1. Create a free account on Bybit with your email address and create a password.
  2. Go to the 'Buy Crypto' tab, click 'One-Click Buy', and select 'EUR' as your currency.
  3. Select a deposit method to transfer Euros and the cryptocurrency you want to purchase.
  4. Enter the amount you want to purchase and tap the 'Buy' button.
How to buy Crypto with Scalable Capital alternative.
How to buy Crypto with Scalable Capital alternative.

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.

Final Thoughts

Scalable Capital is an excellent option for investors looking for a low-cost and hassle-free way to manage their investments. However, if you are looking to buy real cryptocurrencies like Bitcoin or Ethereum, then you should use an alternative such as Bybit. Bybit allows German investors to buy crypto with Euros (EUR) and store them in a secure wallet. We recommend reading our full Bybit review before signing up to learn more about the platform and its features.

Adrian Graham

Co-Founder & former Investment Banker (Finance MBA) turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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