Home
/
Investing
/
How to Buy Crypto with Trade Republic

How to Buy Crypto with Trade Republic

Discover if you can buy crypto with Trade Republic, understand the 2% spread fees, and explore alternatives for a broader selection of digital assets.

Summary: Trade Republic enables trading in over 50 cryptocurrencies, including Bitcoin and Ethereum, but applies a 2% spread fee, limiting its appeal for cost-conscious investors and those seeking a wider asset range. Bitpanda emerges as a superior alternative with around 1% in spreads, offering a more cost-effective solution and access to over 3,000 digital assets, making it a preferred choice for those prioritizing lower fees and a broader selection, in a secure and regulated European trading environment.

Top Crypto Alternative to Trade Republic
4.9 out of 5.0 by Datawallet
Bitpanda stands out as the top alternative to Trade Republic due to its extensive selection of over 3,000 digital assets, crypto staking options, compliance with stringent regulations, and efficient, low-cost Euro transfer capabilities.
Licenses
BaFin, ESMA, CySEC and more
Available Assets
3,000+ Crypto, Stocks, ETFs and more
Deposit Methods
Sofort, SEPA, credit card, debit card, Giropay and more

Bitpanda Financial Services GmbH is licensed by the German Federal Financial Supervisory Authority (BaFin) and across Europe.

Content Guide
Daily Newsletter & Research  🗞️

Get the daily newsletter keeping 200,000 investors ahead of the market.

Your email been received!
Please double check your email address.

Can I Buy Crypto with Trade Republic?

Yes, Trade Republic provides a platform for trading more than 50 digital currencies, including Bitcoin (BTC) and Ethereum (ETH). While Trade Republic advertises the absence of order fees, it's important to note that a spread fee of 2% is applied to cryptocurrency transactions.

Given that Trade Republic's selection is limited to 50 cryptocurrencies, it may not meet the needs of all investors when compared to the broader offerings of other exchanges. For those seeking a wider range of investment options, it is advisable to consider other cryptocurrency platforms in Europe, especially those regulated by the Federal Financial Supervisory Authority (BaFin) and other European authorities, to ensure a secure trading experience.

Buy Crypto with Trade Republic

How to Buy Bitcoin and Crypto with Trade Republic

To securely buy Bitcoin and other cryptocurrencies, consider using a regulated exchange apart from your Trade Republic account. These platforms offer seamless Euro (EUR) deposit options, enabling efficient purchases and transactions of a wide range of digital assets. After evaluating several options, Bitpanda stands out as a top choice for those looking to deposit Euros (EUR). It offers instant transfer services, access to over 3,000 assets, the ability to stake crypto, and operates in compliance with BaFin regulations.

Follow this straightforward guide to get started:

  1. Register on Bitpanda: Complete the sign-up process and verify your identity.
  2. Initiate a Deposit: Look for the 'Deposit' button, usually found at the top of the interface.
  3. Choose Your Currency: Select Euro (EUR) and confirm your transfer details from the specified alternative to Trade Republic.
  4. Purchase Cryptocurrency: Once your account is funded, search for the digital asset you want to buy and proceed with the transaction.

Trade Republic Crypto Fees

Trade Republic offers commission-free cryptocurrency trading on the surface, yet incorporates a €1 fee per transaction to cover third-party expenses. For those utilizing the platform's savings plan to purchase ETFs, stocks, or cryptocurrencies (with investment amounts ranging from €1 to €10,000), there are no execution fees. Nevertheless, all crypto transactions processed through the savings plan are subject to a 2% spread fee.

For transactions requested via mail, Trade Republic applies a €25 charge per execution. Additionally, instant trading volumes funded through credit/debit cards, Apple Pay, or Google Pay incur a 1% fee, ensuring comprehensive cost transparency for all types of transactions on the platform.

Is Trader Republic Good for Crypto Investing?

While Trade Republic provides a gateway for cryptocurrency trading in Germany, it may not be the most advantageous platform for investors due to its 2% spread on crypto transactions and a comparatively narrow range of just 50 cryptocurrencies. These aspects might limit investors' opportunities for portfolio diversification and affect the overall efficiency of their investments.

In contrast, Bitpanda offers a more cost-effective spread of approximately 1% on transactions, which is significantly lower than Trade Republic's fees. This difference highlights Bitpanda as a potentially more appealing option for those seeking to engage in cryptocurrency trading, thanks to its lower cost structure and likely broader selection of digital assets.

Bottom Line

In conclusion, while Trade Republic offers a viable platform for trading a select range of cryptocurrencies in Germany, its 2% spread fee and limited selection may not cater to all investors' needs for diversification and cost-efficiency in their crypto investments. Bitpanda emerges as a compelling alternative, offering a more favorable fee structure with approximately 1% in spreads and access to a broader array of over 3,000 digital assets.

Frequently Asked Questions

Got More Questions? We've Got Answers.
A Guide to Commonly Asked FAQs.

No items found.

More Research

Learn how to bridge assets to Merlin Chain's Bitcoin Layer 2 network efficiently. Discover the steps and benefits of using this secure platform.
How to Bridge to Merlin Chain

Learn how to bridge assets to Merlin Chain's Bitcoin Layer 2 network efficiently. Discover the steps and benefits of using this secure platform.

June 19, 2024
Explore how ZK Rollups and Optimistic Rollups improve Ethereum's scalability, enhancing privacy, speed, and efficiency for blockchain transactions.
ZK-Rollups vs Optimistic Rollups

Explore how ZK Rollups and Optimistic Rollups improve Ethereum's scalability, enhancing privacy, speed, and efficiency for blockchain transactions.

June 18, 2024
Discover the process to get Core testnet tokens and unlock the potential of Core's Bitcoin-secured blockchain for developers and testers.
How to Get Core Testnet Tokens

Discover the process to get Core testnet tokens and unlock the potential of Core's Bitcoin-secured blockchain for developers and testers.

June 18, 2024