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Can I buy Crypto with Trade Republic?
Yes, you can buy over 50 different cryptocurrencies on Trade Republic in Germany including Bitcoin, Ethereum, Polygon, Solana, Avalanche, and many others. That said, the Trade Republic platform is not optimised for cryptocurrencies, which means the product doesn't offer services like staking to earn interest on your assets.
The Trade Republic crypto platform also has high hidden fees that are in the 'spread' of the buy and sell price. This means that you generally pay a higher price to buy a coin, and a lower price to sell a coin. Based on our analysis, the average spread on the Trade Republic crypto platform is around 1% per trade.
How to buy Crypto with a Trade Republic alternative
The best alternative to Trade Republic in Germany is Bybit. Bybit accepts deposits from German banks via SEPA, Credit/Debit Card, Bank Transfer, Google Pay or Maestro. You can get started trading on a trusted platform with this simple guide:
- Sign up to Bybit with your email address and create a password.
- Tap 'Buy Crypto', then 'One-Click Buy' and select 'EUR' as your currency.
- Select a deposit method and the cryptocurrency you want to purchase.
- Enter the amount you want to purchase and tap the 'Buy' button.
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Trade Republic Crypto Wallet Insurance
One advantage of Trade Republic is that crypto deposits are protected for up to €100,000 per investor. Funds are held in a trust account with SolarisBank AG based in Berlin and are subject to the supervision of the Federal Bank of Germany and the Federal Financial Supervisory Authority (BaFin).
About Trade Republic
Trade Republic is a German online broker that offers commission-free stock and ETF trading. The company was founded in 2015 by Maximillian Tayenthal and Marcus Bittner and is headquartered in Berlin, Germany. Trade Republic and their Crypto platform has raised over $160 million from investors like Accel, DST Global, Ribbit Capital, Project A Ventures, and more.
Trade Republic has over 500,000 customers and offers mobile trading apps for iOS and Android devices. The company is licensed and regulated by the German Federal Financial Supervisory Authority (BaFin). In 2020, Trade Republic launched their cryptocurrency trading product which offers German investors access to buy and sell over 50 different digital assets. However, the product has high hidden fees and a small selection of cryptos when compared to other platforms.
Final Thoughts
Trade Republic provides German investors with access to commission-free stock trading and basic cryptocurrency services. That said, the Trade Republic crypto platform has high hidden costs and a limited selection of coins available to buy and sell.
The best alternative to Trade Republic in Germany is Bybit. Bybit offers users low trading fees, high liquidity, and proof-of-reserv on over 400 different coins. Additionally, Bybit is a non-KYC exchange and doesn't require users to verify their identity in order to use the platform.
