How to Buy Crypto with Trade Republic

Can I Buy Crypto with Trade Republic?

Yes, Trade Republic allows trading in over 50 cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). Although Trade Republic does not charge order fees, it imposes a 2% spread fee on cryptocurrency transactions.

Trade Republic's limited selection of 50 cryptocurrencies may not satisfy all investors, especially when compared to the broader range available on other exchanges. Investors seeking a wider variety of options might consider other European cryptocurrency platforms regulated by local authorities for a secure trading experience.

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How to Buy Crypto with Trade Republic

For a secure way to buy Bitcoin and other cryptocurrencies, consider using a regulated exchange alongside your Trade Republic account. These platforms support Euro (EUR) transfers from Trade Republic, facilitating efficient transactions of various digital assets. Among the options, Uphold is a notable regulated exchange, offering instant transfers, access to over 250 cryptocurrencies, zero fees, and staking to earn interest.

Here's a simple guide to get started:

1. Register on Uphold: Visit Uphold to sign up and complete the registration and identity verification process.
2. Initiate a Deposit: Locate and click on the 'Deposit' button in the interface.
3. Select Euro (EUR): Confirm your transfer details from your specified method.
4. Purchase Cryptocurrency: Once your account is funded, search for the desired digital asset and proceed with the purchase.

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Can I Send Crypto to Trade Republic?

No, Trade Republic does not support sending or receiving crypto assets like Bitcoin or Ethereum. This limitation is due to regulatory requirements and the absence of the necessary infrastructure to facilitate such transactions.

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About Trade Republic

Trade Republic is a German bank offering a unified platform for investing, spending, and banking. Regulated by BaFin and the Bundesbank, it allows users to earn 3.75% annual interest on unlimited cash and invest in stocks, ETFs, bonds, crypto, and derivatives from €1. The platform features savings plans, a subscription-free card with 1% Saveback on spending, and unlimited free ATM withdrawals from €100.

Trusted by over 4 million users in 17 European countries, Trade Republic ensures security with cash deposits protected up to €100,000 through major bank partnerships.

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Bottom Line

In summary, Trade Republic offers a user-friendly platform for trading over 50 cryptocurrencies, though it does not support the sending or receiving of crypto assets. While it provides competitive interest rates and investment options, its limited cryptocurrency selection may not meet all investors' needs. For a broader range of digital assets, considering additional regulated exchanges like Uphold can enhance your portfolio.