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How to buy Crypto with Smartbroker

How to buy Crypto with Smartbroker

Dylan Matthews
Fact Checked
Jul 18, 2022

Summary: The Smartbroker investment app in Germany does not directly offer cryptocurrency trading services to buy and sell digital assets like Bitcoin and Ethereum.

German investors will need to sign up to a BaFin licensed crypto brokerage like eToro EU if they want to trade Stocks, ETFs, and cryptocurrencies on one platform.

Table of Contents

Platform Highlights

Can I buy Crypto with Smartbroker in Germany?

No, Smartbroker does not currently offer any cryptocurrency trading services to its German customers. Their platform only offers crypto-related stocks like Coinbase, Microstrategy, and other traditional businesses that have exposure to the asset class. However, investing in private companies has typically underperformed investing in the underlying assets (e.g BTC and ETH).

Fortunately, investors in Germany have many BaFin licensed crypto trading platforms to choose from if they want to invest in the digital asset ecosystem.

How to buy Crypto or Bitcoin with a Smartbroker alternative

The easiest way to buy Cryptocurrencies with an alternative platform to Smartbroker in Germany and Europe is through the eToro platform. They offer fast and cheap EUR deposits from any European bank to trade over 65 cryptocurrencies and thousands of Stocks, ETFs, Commodities, Bonds, and much more.

You can get started with this simple guide:

  1. Create an account: Sign up to the eToro platform and verify your identity.
  2. Deposit funds: Select the 'Deposit Funds' button on the bottom of your screen to deposit Euros (EUR) from any European bank.
  3. Find Crypto on eToro: 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 amount you want to buy and execute your trade.
Crypto Smartbroker
Buy Crypto, Stocks, ETFs and more with eToro.

About Smartbroker

Smartbroker is a German online broker that offers its customers the ability to trade over 5,000 different securities from 18 international exchanges. The company was founded in 2014 by two former employees of the online broker flatex. They offer fractional shares trading which allows investors to buy a portion of an expensive stock like Amazon or Tesla for as little as 1 Euro.

Smartbroker

They offer 3 different account types: basic, advanced, and pro. All accounts come with free real-time market data, news feeds from Dow Jones, and advanced charting tools. Smartbroker does not currently offer cryptocurrency trading services to its German customers.

The company has been growing rapidly and now has over 200,000 clients. Smartbroker offers a mobile app as well as a web-based platform. The company has won numerous awards, including the "Best Online Broker" award from the German magazine Börse Online in 2018 and 2019.

Dylan Matthews

I am the Founder & CEO of Buy Bitcoin Bank and was previously an engineer for a Prop trading firm in Crypto.

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