BSDEX vs Scalable Capital Comparison
In our overall rating Scalable Capital leads with 2.9 out of 5 points, ahead of BSDEX with 2.3. On disclosed fees BSDEX is cheaper: € 3.50 instead of € 10.89 per €1,000 purchase. If you care most about fees, BSDEX has the better sub-score, while Scalable Capital leads on usability, features, stability, and support.
| 0.35 % | Fees | €0.99 + 0.99 % |
| € 3.50 | Minimum cost per €1,000 | € 10.89 |
| 10 | Cryptos | 32 (as ETPs) |
| SEPA Transfer | Payment Methods | SEPA Direct Debit, SEPA Transfer |
| Custodian of cryptocurrencies (Boerse Stuttgart Digital Custody GmbH) has a BaFin license. | Regulation | Full bank (CRR credit institution) supervised by BaFin and the Bundesbank |
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 A price markup in the spread is not included, because most providers do not publish it.
| € 3.50 | Minimum cost per €1,000 | € 10.89 |
| 0.35 % | Fees | €0.99 + 0.99 % |
| € 0 | Wallet transfer | – |
| Yes | Cost transparency | Yes |
| € 10 | Minimum Amount | € 1 |
| SEPA Transfer | Payment Methods | SEPA Direct Debit, SEPA Transfer |
On disclosed fees you pay €7.39 less at BSDEX per €1,000 purchase.
Not enough reviews available.
Scalable Capital offers cryptocurrencies only through ETPs, i.e. exchange-traded securities. Costs consist of three parts: the order fee, a spread markup that Scalable calls the crypto fee, and the running product costs of each ETP. The FREE plan has no monthly fee, PRIME+ costs €4.99 a month.
| Transaction | FREE | PRIME+ |
|---|---|---|
| Order via the European Investor Exchange | €0.99 | €0 from €250, below that €0.99 |
| Order via Xetra or gettex | €1.99 | €1.99 |
| Savings plan from €1 per instalment | no order fee | no order fee |
| Crypto fee (spread markup on crypto ETPs) | 0.99% | 0.69% |
| Running product costs (TER) per year, examples | CoinShares Physical Bitcoin 0.15%, Bitwise Physical Ethereum 1.49%, 21Shares Solana Staking 2.50% | |
| Custody fee | €0 | €0 |
| Deposit by bank transfer or direct debit | €0 | €0 |
| Instant deposit (every euro above €5,000 per deposit free of charge) | 0.99% | 0.69% |
How to save: A €100 crypto purchase costs €1.98 on the FREE plan (€0.99 order fee plus €0.99 spread markup); for €1,000 it is €10.89. On PRIME+ the same €1,000 purchase costs €6.90, plus the monthly fee. Savings plans avoid the order fee, but the spread markup remains, so for pure crypto savings plans PRIME+ only pays off from around €1,660 a month.
As of 1 November 2026 according to Scalable Capital's cost overview and crypto page.
Pros & Cons
- All 10 cryptocurrencies trade directly against the euro
- Trading venue notified to BaFin under MiCA (Baden-Württembergische Wertpapierbörse GmbH), custody with Boerse Stuttgart Digital Custody GmbH, licensed under MiCA
- Wallet transfer always free
- Staking for ether and solana, 2 to 8% a year according to BSDEX, slashing risk on ether insured via Munich Re
- Euro balances held at Solaris SE and Deutsche Bank, statutory deposit protection up to €100,000 per bank
- 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 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
- Full bank based in Munich: Scalable Capital Bank GmbH has held an ECB licence for deposit and lending business since September 2025 and is supervised by BaFin and the Bundesbank
- Savings plans for crypto and ETFs possible from just €1
- Staking via individual crypto ETPs, with staking rewards of 3 to 5% a year according to the provider
- Device-bound 2FA is considered a solid security solution
- Broad range of stocks and ETFs in addition to crypto
- No custody fee; with PRIME+ at €4.99 a month, orders from €250 carry no order fee
- No actual coins: you trade ETPs, which are bonds issued by the ETP providers; transfers to your own wallet are not possible
- Crypto selection with 32 coins is room for improvement compared with specialized providers
- On top of the order fee comes a 0.99% spread markup (PRIME+ 0.69%) plus the ETPs' running costs: a €100 crypto purchase costs €1.98 on the FREE plan
- Trading only during exchange hours, not around the clock as on crypto exchanges
- Deposits only by bank transfer, direct debit or the paid Instant deposit (0.99%, 0.69% with PRIME+)
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 reviews, Scalable Capital presents a mixed user picture: some users appreciate the clear and intuitive app as well as everyday use that is perceived as reliable. At the same time, users report login and 2FA issues, as well as occasional delays with withdrawals and support.
Provider details (fees, licences, pros and cons) editorially reviewed: November 2026. 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
| not available | Savings plan | available |
| not available | Staking | not specified |
| available | Wallet transfer | not available |
| available | Cost transparency | not specified |
| available | 2FA security | not specified |
| available | SEPA bank transfer | not specified |
| not available | Credit card | not available |
| not available | Minimum amount | not specified |
| available | Mobile app (iOS/Android) | available |
| available | Web platform | available |
| not specified | Staking (via ETPs) | available |
| not specified | BaFin regulation | available |
| not specified | Stocks & ETFs | available |
| not specified | SEPA direct debit | available |
- Regulated trading venue of Börse Stuttgart
- Free wallet withdrawals
- Only 10 coins, no savings plan, staking for ETH and SOL
- Market orders 0.35 %, maker 0.20 %
- Neobroker with stocks, ETFs, and crypto in one place
- BaFin-regulated with headquarters in Germany
- Crypto savings plans from €1 for regular investing
- Staking available via crypto ETPs
The five areas head to head
AI AnalysisFees & Costs
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.
There is only limited concrete feedback in the user data regarding fees and costs. According to reviews, users mainly comment on usability, login, and features in comparison, while pricing questions are mentioned less often.
Usability & User Experience
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.
According to reviews, users particularly appreciate Scalable Capital for its clear and partly intuitive app, which some also describe as easy to learn. At the same time, users also report a confusing interface and login problems. From the user perspective, usability is therefore perceived differently.
Features & Offering
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.
According to reviews, Scalable Capital is used by users primarily for long-term investing, and some also highlight the cash account positively. At the same time, users express several wishes, including a trailing stop-loss, an overall profit and loss overview, more ELTIFs, and more savings plans. Users also want changes to the dark design and the YTD view, as well as a group watchlist and less analysis in the free area.
Stability & Security
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.
According to reviews, users describe Scalable Capital as reliable in part. At the same time, users report technical issues such as a black screen, OTP codes not being sent, as well as app problems and crashes. Stability is therefore perceived differently by users.
Customer Support
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.
According to reviews, users occasionally report rather negative experiences with support, especially in connection with login or 2FA topics. Some feedback describes customer service as slow or not very helpful.
Details
| Baden-Württembergische Wertpapierbörse GmbH | Company | Scalable Capital GmbH |
| 2019 | Founded | 2014 |
| Custodian of cryptocurrencies (Boerse Stuttgart Digital Custody GmbH) has a BaFin license. | Regulation | Full bank (CRR credit institution) supervised by BaFin and the Bundesbank |
| € 10 | Minimum Amount | € 1 |
| VideoIdent | KYC | eID, Video-ID, PostIdent |
Verdict
In our overall rating Scalable Capital leads with 2.9 against 2.3 for BSDEX.
On disclosed fees you pay €7.39 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.
Editorial assessment, November 2026: We have downgraded BSDEX to 2.3 out of 5 and make no recommendation. The trading venue is regulated (Baden-Württembergische Wertpapierbörse GmbH and Boerse Stuttgart Digital Custody GmbH in the ESMA register, file dated 5 November 2026), but it offers too little: only 10 cryptocurrencies, no savings plan, SEPA transfer as the only payment method and two-factor authentication by SMS only. Buying with a market order costs 0.35 percent according to the BSDEX fee schedule (accessed 8 November 2026); the advertised 0.20 percent applies to maker orders only. MiCA-licensed exchanges with a broader offer are listed in our exchange comparison.
BSDEX is a regulated crypto trading venue of Börse Stuttgart. It is operated by Baden-Württembergische Wertpapierbörse GmbH, which notified BaFin of the venue under MiCA in July 2025. Custody is handled by Boerse Stuttgart Digital Custody GmbH under BaFin supervision, licensed under MiCA since January 2025 (according to the ESMA register, file of 30 October 2026). Euro balances are held at Solaris SE and Deutsche Bank and protected by statutory deposit insurance up to €100,000 per investor and bank. 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 and SEPA bank transfer as the only payment method. BSDEX offers staking for ether and solana, at 2 to 8% a year according to its help centre, with insurance against slashing risk via Munich Re; unstaking takes 1 to 45 days depending on the blockchain. 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 or savings plans, Bitpanda or Coinbase are the better choice.
Scalable Capital has made a name for itself in the DACH region primarily as a robo-advisor and ETF broker and has also offered crypto since December 2021. Since September 2025 the company has been a full bank: Scalable Capital Bank GmbH in Munich received the ECB licence for deposit and lending business and is supervised by BaFin and the Deutsche Bundesbank. Since March 2026 it has also been listed in ESMA's MiCA register with a notification for advice on crypto-assets. According to its September 2026 fact sheet, Scalable serves more than one million customers with over €60 billion in assets.
The crypto offering covers 32 cryptocurrencies, which are not traded as coins but through crypto ETPs on regulated exchanges. No wallet or private keys are needed; in return, holdings cannot be moved to your own wallet, and trading is limited to exchange hours. Savings plans from €1 make for a particularly low-threshold entry, and some ETPs add staking rewards. Besides the €0.99 order fee there is a 0.99% spread markup, or 0.69% with the PRIME+ subscription at €4.99 a month. Since September 2026, orders via Xetra and gettex have cost a flat €1.99.
For investors who mainly put money into stocks and ETFs and want to hold crypto as an addition in the same securities account, Scalable Capital is a practical solution. Anyone who wants to hold actual coins, move them to their own wallet or trade around the clock is better served by a crypto exchange.