Trade republic Review crypto broker 2024

Our veredict

Trade Republic stands out as a crypto broker for those who value simplicity and security. The platform allows users to trade real cryptocurrencies, not CFDs, ensuring actual ownership of assets like Bitcoin and Ethereum. It offers trading 24/7 with cryptos held securely in cold wallets to protect against cyberattacks. Furthermore, Trade Republic operates under the stringent regulations of Germany’s BaFin, which provides an additional layer of reliability and trust for users. The user-friendly app and straightforward fee structure, with no deposit or withdrawal fees, make it an attractive option for beginners and seasoned investors alike.

However, Trade Republic has some limitations. It only supports EUR as the account base currency, which could incur conversion fees for users with different home currencies. Additionally, while it offers a decent variety of cryptocurrencies, it does not support the transfer of crypto assets to other wallets, limiting flexibility. Despite these drawbacks, Trade Republic’s focus on security and ease of use makes it a solid choice for those primarily interested in buying and holding cryptocurrencies within the supported European countries.

Pros

Real Crypto Ownership, Not CFDs Trade Republic allows you to buy and hold actual cryptocurrencies, ensuring that you truly own the assets rather than trading derivatives like CFDs.
Secure Cold Wallet Storage All cryptocurrencies on Trade Republic are stored in cold wallets, providing an extra layer of security by keeping assets offline and protected from potential cyberattacks.
Regulated by BaFin The platform is regulated by BaFin, Germany's Federal Financial Supervisory Authority, ensuring high standards of security and compliance.

Cons

3,5

Threenvest Score

Fees

3,9/5

Regulated

BaFin

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Why choose Trade republic?

Trade Republic offers several compelling reasons for choosing it as your crypto exchange. Firstly, it ensures real ownership of cryptocurrencies, meaning you own the actual assets instead of CFDs, which can provide greater peace of mind for long-term investors. The platform supports trading 24/7, allowing you to trade at your convenience, even on weekends and holidays.

Additionally, Trade Republic places a strong emphasis on security. Cryptocurrencies are stored in cold wallets, making them less susceptible to cyberattacks. The platform operates under the regulation of BaFin, Germany’s Federal Financial Supervisory Authority, which adds a layer of trust and security for users. This regulatory oversight ensures that Trade Republic adheres to strict financial standards and practices.

Moreover, Trade Republic is known for its user-friendly interface and straightforward fee structure, making it an excellent choice for both beginners and experienced traders. There are no deposit or withdrawal fees, and the platform provides a seamless trading experience through its well-designed mobile app. These features make Trade Republic an attractive option for those looking to invest in cryptocurrencies within a secure and regulated environment.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert from our site, I highly recommend Trade Republic for anyone looking to dive into cryptocurrency trading. The platform is extremely user-friendly, making it perfect for beginners, yet it offers enough advanced features to satisfy seasoned traders. With real crypto ownership and robust security measures like cold wallet storage, you can trade with confidence. Additionally, the 24/7 trading availability ensures you won’t miss any opportunities. Trade Republic’s regulation by BaFin adds an extra layer of trust and reliability, making it a top choice for crypto investors in Europe.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.