Can you Buy Crypto with Trade Republic?

Yes, Trade Republic in Germany supports trading over 50 digital assets including Bitcoin (BTC), Ethereum (ETH), and more. However, they charge a hefty 2% spread fee for their crypto trades, despite advertising ‘zero-fee orders’.

The Trade Republic platform is also limited in that it only offers 50 cryptocurrencies, which is significantly fewer than the average exchange. To that end, we recommend investors seek an alternative crypto platform in Germany that is overseen by the Federal Financial Supervisory Authority (BaFin) or European Securities and Markets Authority (ESMA).

How to Buy Bitcoin and Crypto with Trade Republic

The easiest way to invest in Bitcoin and other cryptocurrencies with lower fees than Trade Republic in Germany or Europe is through an alternative broker. Based on our analysis, we recommend eToro for German investors due to its regulatory approvals, industry-leading spreads, speedy and cost-effective deposits from any German or EU bank, and an extensive selection of over 3,000 tradable assets.

Here is a quick guide to get started:

  1. Visit eToro and register, making sure to verify your identity. 
  2. Click on the 'Deposit Funds' option located at the bottom left of your screen. 
  3. Choose your fiat currency (e.g., EUR) and your payment method (e.g., Bank Transfer) to initiate your deposit. 
  4. Once the deposit is complete, use the credited funds to invest in your desired cryptocurrency.
Buy Crypto Trade Republic

Trade Republic Crypto Fees

Trade Republic provides free upfront crypto trading but imposes a €1 fee per trade for third-party costs. If you're using their savings plan for ETF/stock/crypto purchases (investment volume: €1 to €10,000), there's no execution fee. However, a 2% spread is applied to crypto transactions within the savings plan. For postal orders, a €25 fee per execution is charged. 

Lastly, a 1% fee is levied on instant trading volume for deposits made via credit/debit cards, ApplePay, or Google.

Is Trader Republic good for buying Crypto?

While Trade Republic offers a platform for crypto trading in Germany, it might not be the optimal choice for investors, given its 2% spread on crypto transactions and a relatively limited selection of only 50 cryptocurrencies. These factors could restrict the diversification opportunities for investors and potentially impact the cost-effectiveness of their investments.

Bottom Line

While Trade Republic allows crypto trading with over 50 digital assets, its 2% spread and limited selection may hinder optimal investment results. Given these considerations, we recommend eToro as a robust alternative for crypto investment in Germany and Europe. 

With its ESMA regulation, competitive spreads, fast and cost-effective deposits, and a broader range of over 3,000 tradable assets, eToro stands out as a superior platform for diversifying your cryptocurrency portfolio. Make a calculated choice to optimize your crypto investments.