BSDEX vs Relai Comparison
| 0.35 % | Fees | 0.9 % |
| € 4.50 | Cost for €1,000 | € 9.00 |
| 10 | Cryptos | 1 |
| SEPA Transfer | Payment Methods | SEPA Transfer, Instant SEPA (EU), Credit Card, Apple Pay, Google Pay |
| Custodian of cryptocurrencies (Boerse Stuttgart Digital Custody GmbH) has a BaFin license. | Regulation | Virtual Asset Service Provider (VASP) in Switzerland and MiCAR license applied for |
Pros & Cons
- BaFin-licensed custodian (Boerse Stuttgart Digital Custody GmbH)
- Trading fees of 0.35 % are considered low
- Wallet transfer always free (0 € withdrawal fees)
- Total costs of 4.50 € per trade
- Transparent fee structure
- Selection with only 10 cryptocurrencies is room for improvement compared with other exchanges
- No savings plan and no staking available
- Only SEPA bank transfer as a payment method – additional options are room for improvement
- 2FA only via SMS – TOTP support is occasionally criticized
- Self-custody wallet directly in the app – Bitcoin is held in your own wallet
- Savings plan available for weekly or monthly Bitcoin purchases
- Wallet transfer to your own and external wallets (incl. hardware wallets) possible
- VASP license in Switzerland and MiCAR application submitted
- Deposits via SEPA bank transfer and credit card
- Only Bitcoin tradable – altcoin selection occasionally criticized by users
- Minimum amount of 50 € is room for improvement compared with other providers
- Setup of external wallet transfers, according to users, is room for improvement
Score Comparison
User Experiences
AI AnalysisUser 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.
According to the analyzed user data, Relai is frequently praised by users for its intuitive and clear app. At the same time, users occasionally report hurdles with support, verification, and individual app launches, so the overall experience varies depending on the usage situation.
This analysis is based on 578 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 shown (star ratings) refer to all reviews available there. The reviews presented reflect user 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
| ✓ | Savings plan | ✓ |
| ✓ | Staking | ✓ |
| ✓ | Wallet transfer | ✓ |
| ✓ | Cost transparency | ✓ |
| ✓ | 2FA security | ✓ |
| ✓ | SEPA bank transfer | ✓ |
| ✓ | Credit card | ✓ |
| ✓ | Minimum amount | ✓ |
| ✓ | Mobile app (iOS/Android) | ✓ |
| ✓ | Web platform | ✓ |
| ✓ | Self-custody wallet | ✓ |
| ✓ | Credit card payment | ✓ |
| ✓ | VASP license (Switzerland) | ✓ |
| ✓ | Hardware wallet support | ✓ |
- Börse Stuttgart trading venue – Made in Germany
- Free wallet withdrawals for all supported cryptocurrencies
- BaFin-licensed custodian for crypto holdings
- Transparent fee structure starting at 0.35 %
- Bitcoin-only approach with self-custody directly in the app
- Savings plan with automatic transfer to your own wallet or hardware wallet
- Swiss company with VASP license and MiCAR application
- Relai Private from 100.000 CHF/EUR and Relai Business for companies
Details
| Baden-Württembergische Wertpapierbörse GmbH | Company | Relai AG (CH) / Relai EU SASU (EU) |
| — | Headquarters | & |
| 2019 | Founded | 2020 |
| Custodian of cryptocurrencies (Boerse Stuttgart Digital Custody GmbH) has a BaFin license. | Regulation | Virtual Asset Service Provider (VASP) in Switzerland and MiCAR license applied for |
| € 10 | Minimum Amount | € 50 |
| VideoIdent | KYC | Photo ID, NFC passport verification |