BISON vs BSDEX Comparison
In our overall rating BSDEX leads with 2.9 out of 5 points, ahead of BISON with 2.5. On disclosed fees BSDEX is cheaper: 0.35 % instead of 1.25 % trading fee, which means € 3.50 instead of € 12.50 per €1,000 purchase. BISON lists more cryptocurrencies (71) than BSDEX (10). BISON and BSDEX were both founded in 2019.
| 1.25 % | Fees | 0.35 % |
| € 12.50 | Minimum cost per €1,000 | € 3.50 |
| 71 | Cryptos | 10 |
| SEPA transfer, SEPA Instant transfer, credit card (Visa, Mastercard), Apple Pay, Google Pay (card and wallets: 2.49%) | Payment Methods | SEPA Transfer |
| MiCAR licence from BaFin: EUWAX AG for crypto trading (since 1 April 2025), Boerse Stuttgart Digital Custody GmbH for custody (since 17 January 2025) | Regulation | Custodian of cryptocurrencies (Boerse Stuttgart Digital Custody GmbH) has a BaFin license. |
Cost comparison
The basis is a Bitcoin purchase worth €1,000, calculated from the disclosed trading fee. A price markup in the spread is not included, because most providers do not publish it.
| € 12.50 | Minimum cost per €1,000 | € 3.50 |
| 1.25 % | Fees | 0.35 % |
| € 0 | Wallet transfer | € 0 |
| Yes | Cost transparency | Yes |
| € 0.01 | Minimum Amount | € 10 |
| SEPA transfer, SEPA Instant transfer, credit card (Visa, Mastercard), Apple Pay, Google Pay (card and wallets: 2.49%) | Payment Methods | SEPA Transfer |
On disclosed fees you pay €9.00 less at BSDEX per €1,000 purchase.
BISON charges no order fee for crypto trading; the cost sits in the spread between the buy and sell price. The spread varies with market conditions and trade size, while the account, custody, deposits and withdrawals are free.
| Transaction | Cost at BISON |
|---|---|
| Spread on Bitcoin and Ethereum | 1.25% on average per buy or sell |
| Spread on all other cryptocurrencies | 1.75% on average per buy or sell |
| Account opening, account management and custody | free |
| EUR deposit by SEPA or instant transfer | free; your own bank may charge for SEPA Instant |
| Instant deposit by credit card, Apple Pay or Google Pay | 2.49% of the amount |
| EUR withdrawal, crypto deposits and withdrawals | free |
| Staking Ethereum and Solana | BISON keeps 27% of the staking rewards |
| Stocks and ETFs | EUR 1.99 per buy or sell |
How to save: Deposit by SEPA or instant transfer instead of card to save 2.49%. Buying and later selling EUR 1,000 of Bitcoin costs about EUR 25 through the spread, about EUR 35 for altcoins. If you trade often, compare that with exchanges that charge fixed maker and taker fees in our crypto exchange comparison.
As of 22 October 2026 according to BISON, fees and costs.
Not enough reviews available.
Pros & Cons
- 70 cryptocurrencies tradable, plus over 2,500 stocks and ETFs
- Crypto custody by the BaFin-regulated Boerse Stuttgart Digital Custody GmbH
- Transfers to your own wallets are free of charge
- Staking and savings plans available
- Tax report offered as an added feature
- Deposits via SEPA, SEPA instant transfer and credit card
- Entry from as little as €1
- The proportional spread averages 1.25 % on Bitcoin and Ethereum and 1.75 % on all other cryptocurrencies
- SMS-based two-factor authentication; stronger methods would be welcome
- Processing times of up to 24 hours for wallet transfers are occasionally criticised
- All 10 cryptocurrencies trade directly against the euro
- Trading and custody under BaFin supervision, custody with Boerse Stuttgart Digital Custody GmbH
- Wallet transfer always free
- The advertised 0.20 % applies to maker orders only. Buying with a market order, which is the normal case, costs 0.35 %, that is 75 % more.
- Only 10 cryptocurrencies, far fewer than at large exchanges
- No savings plan and no staking available
- Only SEPA bank transfer as a payment method
- Two-factor authentication via SMS only, no authenticator app
- Weak app ratings: 1.5 stars on Google Play
Score Comparison
User Experiences
AI AnalysisUsers generally describe BISON in the evaluated user data as easy to understand and clear. In particular, the intuitive and easy-to-use app is frequently praised in reviews, while fees, support, and the selection of coins are seen more critically by users.
User reports on BSDEX overall paint a mixed picture: the clear layout, easy usability and low fees are mentioned frequently, while technical hurdles with login and app usage are also noted in the reviews.
This analysis is based on 707 user reviews evaluated by AI from the Apple App Store, Trustpilot, and Google Play Store. The total number of reviews on the respective platforms may be higher — the platform ratings (star ratings) shown refer to all reviews available there. The reviews shown reflect users’ experiences and do not represent the site operator’s own assessment. All information is provided without guarantee. As of: March 2026. This comparison does not constitute investment advice.
Features
| available | Savings plan | not available |
| available | Staking | not available |
| not available | Wallet transfer | available |
| available | Credit card payment | not available |
| available | BaFin-regulated custodian | not specified |
| available | Web platform | available |
| available | Mobile app (iOS/Android) | available |
| available | Tax report | not specified |
| available | SEPA instant bank transfer | not specified |
| not specified | Cost transparency | available |
| not specified | 2FA security | available |
| not specified | SEPA bank transfer | available |
| not specified | Minimum amount | not available |
- Powered by Börse Stuttgart with many years of capital markets experience
- Free wallet transfer to your own wallets
- Tax report for crypto tax filing
- BaFin-regulated crypto custody
- Regulated trading venue of Börse Stuttgart
- Free wallet withdrawals
- Only 10 coins, no savings plan, no staking
- Market orders 0.35 %, maker 0.20 %
The five areas head to head
AI AnalysisFees & Costs
When it comes to fees and costs, users report criticism comparatively often. According to reviews, the fees and spread are repeatedly described as high. Especially among price-conscious users, this area is therefore perceived rather critically in the user data.
Many users respond positively to the fees and costs. Low fees are highlighted several times in the reviews. Overall, the cost structure is perceived positively from the user perspective.
Usability & User Experience
Users mainly report a clear design and an intuitive app with BISON. According to reviews, the platform is often described as easy to use, user-friendly, and self-explanatory. Some users mention annoying notifications and report that verification does not always go smoothly.
Users often describe BSDEX as clear and easy to understand, and the intuitive app is also mentioned positively in reviews. At the same time, users report technical hurdles when using the platform, for example when logins are not possible, users have to log in again repeatedly, or the app occasionally freezes.
Features & Offering
According to reviews, users are rather reserved about BISON’s offering, mainly because of the limited coin selection. Many users would like to see more coins or cryptocurrencies; additionally, an API for Blockpit, staking, savings plans, as well as an iPad or Mac version are mentioned occasionally.
Regarding features and the offering, the user data shows a rather reserved picture. Users mainly want more coins and more altcoins; a savings plan, a profit-and-loss display and a dark mode are also mentioned occasionally. According to reviews, a chart display is also sometimes requested.
Stability & Security
In terms of stability and reliability, many users are generally positive about BISON. According to reviews, the app is repeatedly described as reliable. However, some users report app crashes, so from the perspective of individual reviews the technical reliability still has room for improvement.
Regarding stability and reliability, users report in part positively about dependable everyday use. At the same time, reviews mention update problems, app startup difficulties, FaceID errors and repeated logouts. The fact that withdrawals are not possible is also occasionally mentioned in the user data.
Customer Support
When it comes to support, users report mixed experiences in the reviews, but overall rather critical ones. There is repeated mention of no support or long response times, which is why some users describe customer service as room for improvement. Support is also occasionally mentioned critically in connection with delays around withdrawals.
The support is described by users in several reviews as fast, helpful and competent. Users particularly praise the prompt assistance in direct contact. In individual cases, users would like even more support for specific issues.
Details
| EUWAX AG | Company | Baden-Württembergische Wertpapierbörse GmbH |
| 2019 | Founded | 2019 |
| MiCAR licence from BaFin: EUWAX AG for crypto trading (since 1 April 2025), Boerse Stuttgart Digital Custody GmbH for custody (since 17 January 2025) | Regulation | Custodian of cryptocurrencies (Boerse Stuttgart Digital Custody GmbH) has a BaFin license. |
| € 0.01 | Minimum Amount | € 10 |
| eID, VideoIdent | KYC | VideoIdent |
Verdict
In our overall rating BSDEX leads with 2.9 against 2.5 for BISON.
On disclosed fees you pay €9.00 less at BSDEX per €1,000 purchase.
Neither provider reaches 4.0 out of 5 in our rating, so we do not give an unreserved recommendation here.
BISON is the crypto app of Börse Stuttgart and is perceived in the DACH region as a provider with a traditional capital markets background. Crypto custody is handled by Boerse Stuttgart Digital Custody GmbH, which is regulated by BaFin. According to BISON, 70 cryptocurrencies are tradable, plus stocks and ETFs.
As one of the few offerings among German brokers, BISON allows free wallet transfers to your own wallets. Staking, savings plans, and an integrated tax report are also available. Deposits are possible via SEPA, instant bank transfer, and credit card.
Costs sit in the spread, which according to BISON averages 1.25 % on Bitcoin and Ethereum and 1.75 % on all other cryptocurrencies, the upper range among the brokers compared. The exclusively SMS-based 2FA and the processing time for wallet transfers of up to 24 hours are also seen as room for improvement. Overall, BISON is aimed at investors who prefer an established German provider and are willing to accept trade-offs in fees and coin selection.
BSDEX is a regulated crypto trading venue of Börse Stuttgart. Custody is handled by Boerse Stuttgart Digital Custody GmbH under BaFin supervision, and withdrawals to your own wallet are free. That is solid, but compared with other platforms it is not enough for a good rating.
The offering is narrow: only 10 cryptocurrencies, no savings plan, no staking and SEPA bank transfer as the only payment method. Buying with a market order costs 0.35 %; the advertised 0.20 % applies to maker orders only. Two-factor authentication works via SMS only, authenticator apps are not supported. Users are lukewarm too: the app scores 1.5 stars on Google Play and 3.2 on Trustpilot, with reports of login problems, repeated logouts and issues after updates.
Our verdict: BSDEX suits investors who only want to hold Bitcoin and a few large coins through German exchange infrastructure. If you are looking for a regulated platform with a wider selection, savings plans or staking, Bitpanda or Coinbase are the better choice.