BSDEX vs Traders Place Comparison
In our overall rating Traders Place leads with 2.7 out of 5 points, ahead of BSDEX with 2.3. On disclosed fees BSDEX is cheaper: 0.35 % instead of 0.9 % trading fee, which means € 3.50 instead of € 9.00 per €1,000 purchase. If you care most about fees, BSDEX has the better sub-score, while Traders Place leads on features, stability, and support.
| 0.35 % | Fees | 0.9 % |
| € 3.50 | Minimum cost per €1,000 | € 9.00 |
| 10 | Cryptos | 59 |
| SEPA Transfer | Payment Methods | SEPA Transfer |
| Custodian of cryptocurrencies (Boerse Stuttgart Digital Custody GmbH) has a BaFin license. | Regulation | Crypto custodian Tangany 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 A price markup in the spread is not included, because most providers do not publish it.
| € 3.50 | Minimum cost per €1,000 | € 9.00 |
| 0.35 % | Fees | 0.9 % |
| € 0 | Wallet transfer | – |
| Yes | Cost transparency | Limited |
| € 10 | Minimum Amount | € 1 |
| SEPA Transfer | Payment Methods | SEPA Transfer |
On disclosed fees you pay €5.50 less at BSDEX per €1,000 purchase.
Not enough reviews available.
Traders Place charges a fixed percentage of the trade value for crypto, with a surcharge on small orders. The securities account and settlement account are free. The items at a glance:
| Item | Cost at Traders Place |
|---|---|
| Buying or selling crypto assets | 0.9 % of the trade value (0.5 % Traders Place, 0.4 % Baader Bank) |
| Crypto order below €500 trade value | additional €1.00 small-order surcharge |
| Savings plan on crypto ETPs (13 ETPs from 21Shares) | €0 per execution, plus customary market spreads |
| Stocks, ETFs, funds and bonds via gettex | €0 per order from €500 trade value, €0.95 below |
| Securities account and settlement account at Baader Bank | free |
| Transferring crypto assets in or out | not possible |
How to save: The €1 surcharge only applies below €500 trade value. A €100 purchase therefore costs €1.90, or 1.9 %, while a €1,000 purchase costs €9. If you want to put small amounts into crypto regularly, a savings plan on a crypto ETP carries no order fee.
Fees as of 1 November 2026 according to the Traders Place crypto price list.
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
- 59 cryptocurrencies available to trade, around the clock
- Savings plans from €1 with no order fee, for crypto via 13 crypto ETPs from 21Shares
- Crypto custodian Tangany GmbH with a MiCA licence from BaFin
- Securities account and settlement account at Baader Bank free of charge
- App available for iOS, Android, and web
- German investment firm based in Freilassing, majority owned by the GRAWE Group
- Wallet transfer to your own wallets not possible, the price list rules out moving coins in or out
- No staking on offer
- No savings plans directly on the 59 crypto assets, only on crypto ETPs
- Crypto trading only for customers resident in Germany
- Deposits only via SEPA transfer, additional payment methods would help
- 2FA security based on SMS, expanded options would help
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, Traders Place is generally described as clear and, in many cases, easy to use. At the same time, users repeatedly report difficulties with the app and login, which means the overall impression from a user perspective is mixed.
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 available |
| available | Wallet transfer | not available |
| available | Cost transparency | not specified |
| available | 2FA security | not specified |
| available | SEPA bank transfer | available |
| not available | Credit card | not available |
| not available | Minimum amount | not specified |
| available | Mobile app (iOS/Android) | available |
| available | Web platform | available |
| not specified | BaFin-regulated custodian | available |
| not specified | Stocks & ETFs | 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 %
- German broker with BaFin-licensed crypto custodian Tangany
- Savings plans from €1 for a low-threshold entry
- 59 tradable cryptocurrencies
- Trading fees of 0.9 % for crypto
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.
According to reviews, users generally view the fees and conditions positively. Users report fair prices and good conditions. Overall, the available user data contains mostly praise, while major criticism of fees is not a focal point.
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.
Users appreciate the clear layout and describe the app in many reviews as easy to use. However, according to reviews, the user navigation is also often perceived as not intuitive or somewhat confusing in places. Some users also report that registration and login do not always work smoothly, so from a user perspective the usability still has room for improvement.
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.
Users are mainly looking for a tax-loss certificate in the app, two-factor authentication, and more filtering and sorting options. In addition, the lack of push notifications and a watchlist as a tab are mentioned. Some users also want movable logos and small improvements.
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, some users describe Traders Place as reliable. At the same time, users repeatedly report that the app freezes, hangs, or crashes; incorrect prices and interrupted VideoIdent processes are also mentioned. Stability is therefore perceived in a mixed way from a user perspective.
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.
Users sometimes report fast support, which is explicitly praised in some reviews. At the same time, according to reviews, it is mentioned more often that responses do not arrive or inquiries are not answered. Support is therefore perceived differently overall from a user perspective.
Details
| Baden-Württembergische Wertpapierbörse GmbH | Company | Traders Place GmbH & Co. KGaA |
| 2019 | Founded | 2023 |
| Custodian of cryptocurrencies (Boerse Stuttgart Digital Custody GmbH) has a BaFin license. | Regulation | Crypto custodian Tangany GmbH has a BaFin license. |
| € 10 | Minimum Amount | € 1 |
| VideoIdent | KYC | eID, Video-ID |
Verdict
In our overall rating Traders Place leads with 2.7 against 2.3 for BSDEX.
On disclosed fees you pay €5.50 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.
Traders Place is a comparatively young German broker (founded in 2023) that offers 59 cryptocurrencies in addition to stocks and ETFs. Crypto custody is handled by Tangany GmbH, which is licensed by BaFin and is regarded as regulatorily reliable in the DACH region. Savings plans start at €1 with no order fee, but for crypto they only cover 13 crypto ETPs from 21Shares, not the crypto assets themselves.
How crypto trading works: Traders Place takes the order and passes it to Baader Bank, which buys or sells as a commission agent via Hyphe, currently the only trading venue. The coins are held in custody by Tangany GmbH. All three parties appear in ESMA's MiCA register: Tangany with its own BaFin licence for custody and transfers since 8 August 2025, Traders Place (since 21 July 2025) and Baader Bank with a MiCA notification to BaFin. Trading runs around the clock, and the execution price can differ from the displayed price when markets move sharply. Crypto trading is only open to customers resident in Germany; the majority owner of Traders Place is the Austrian GRAWE Group.
For investors who prefer a German broker based in Germany and want to use crypto as a supplement to a classic securities account, Traders Place is seen as one of the newer alternatives. The platform can be used via app and web and covers a solid range of cryptocurrencies with 59 coins. Trading fees of 0.9 % of the trade value, plus €1 below €500, are in the middle to upper range among the compared German brokers.
However, wallet transfers to your own wallets are not possible, and staking is currently not offered; both are occasionally criticized by users. The SMS-based 2FA and the limited deposit methods (SEPA transfer only) are also seen as room for improvement. Traders Place is therefore especially suitable for investors who want to try a young German broker with regulated custody and a broad coin offering and can do without wallet functionality.