Relai vs Traders Place Comparison
| 0.9 % | Fees | 1 % |
| € 9.00 | Cost for €1,000 | € 10.00 |
| 1 | Cryptos | 33 |
| SEPA Transfer, Instant SEPA (EU), Credit Card, Apple Pay, Google Pay | Payment Methods | SEPA Transfer |
| Virtual Asset Service Provider (VASP) in Switzerland and MiCAR license applied for | Regulation | Crypto custodian Tangany GmbH has a BaFin license. |
Pros & Cons
- 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
- 33 cryptocurrencies available to trade
- Savings plans starting from €1 for crypto and securities
- Crypto custodian Tangany GmbH with BaFin license
- App available for iOS, Android, and web
- German broker based in Germany
- Wallet transfer to your own wallets not possible – occasionally criticized by users
- Staking features currently not available – room for improvement
- Deposits only via SEPA transfer – additional payment methods room for improvement
- 2FA security based on SMS – expanded options room for improvement
Score Comparison
User Experiences
AI AnalysisAccording 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.
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.
This analysis is based on 272 user reviews analyzed 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 displayed platform ratings (star ratings) refer to all reviews available there. The reviews shown reflect users’ experiences and do not represent the website operator’s own assessment. All information without guarantee. As of: March 2026. This comparison does not constitute investment advice.
Features
| ✓ | Savings plan | ✓ |
| ✓ | Staking | ✓ |
| ✓ | Wallet transfer | ✓ |
| ✓ | Self-custody wallet | ✓ |
| ✓ | Credit card payment | ✓ |
| ✓ | VASP license (Switzerland) | ✓ |
| ✓ | Web platform | ✓ |
| ✓ | Mobile app (iOS/Android) | ✓ |
| ✓ | Hardware wallet support | ✓ |
| ✓ | BaFin-regulated custodian | ✓ |
| ✓ | Stocks & ETFs | ✓ |
| ✓ | SEPA transfer | ✓ |
- 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
- German broker with BaFin-licensed crypto custodian Tangany
- Savings plans from €1 for a low-threshold entry
- 33 tradable cryptocurrencies
- Trading fees of 1 % for crypto
Details
| Relai AG (CH) / Relai EU SASU (EU) | Company | Traders Place GmbH & Co. KGaA |
| & | Headquarters | — |
| 2020 | Founded | 2023 |
| Virtual Asset Service Provider (VASP) in Switzerland and MiCAR license applied for | Regulation | Crypto custodian Tangany GmbH has a BaFin license. |
| € 50 | Minimum Amount | € 1 |
| Photo ID, NFC passport verification | KYC | eID, Video-ID |