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How to buy Crypto with Trade Republic

How to buy Crypto with Trade Republic

Adrian Graham
Fact Checked
Oct 19, 2022

Summary: Trade Republic offers cryptocurrency trading services for German investors, however their product has high hidden costs and a small selection of cryptos to buy and sell.

We recommend an alternative platform like eToro EU which offers zero commission trading and over 65 cryptocurrencies to buy, sell and stake in Germany.

Table of Contents

Best Trade Republic Alternative for Crypto

Platform Highlights

  • Fast and cheap GBP, EUR and other fiat deposits via Bank Transfer, Debit Card or Credit Card.
  • Trade 80+ Cryptos and over 8,000 Stocks, ETFs & Commodities.
  • Regulated and licensed by the Financial Conduct Authority (FCA) and ESMA.
78% of retail CFD accounts lose money.

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 optimized 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 and Europe is eToro EU. Their platform offers zero commission trading for 65 cryptocurrencies and over 6,000 stocks, ETFs, bonds, commodities, and much more.

Unlike Trade Republic, eToro also offers crypto staking features which means you can earn up to 7% annual interest on deposits of cryptocurrencies like Ethereum (ETH) and Solana (SOL). You can get started investing in crypto with this simple guide:

  1. Create an account: Sign up to eToro EU and verify your account in Germany or EU.
  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.
Buying Crypto Trade Republic
Invest in Crypto, Stocks, ETFs, Commodities and more with eToro.

Trade Republic Crypto Wallet

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 Crypto

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.

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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