Traders Place Reviews
German broker with 33 cryptocurrencies, savings plans from €1, and a BaFin-licensed custodian.
Traders Place Rating
Our Opinion
Traders Place is a comparatively young German broker (founded in 2023) that offers 33 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. With savings plans from €1, the broker offers a low-threshold entry point for regular investing in cryptocurrencies.
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 33 coins. Trading fees of 1 % 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.
Pros & Cons
- 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
User Experiences
AI Analysis653 analyzed reviewsOur AI collects and analyzes user reviews of Traders Place from the web and summarizes the key findings.
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.
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.
This analysis is based on 484 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 ratings shown reflect users’ experiences and do not represent the website operator’s own assessment. All information is provided without guarantee. Status: March 2026. This comparison does not constitute investment advice.
Features
Feature Scope
Highlights
- 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
Tradeable Assets
- Cryptocurrencies (33 coins)
- Stocks and ETFs
- Other securities
Trading Options
- Direct buying and selling via app and web
- Savings plans for crypto and securities
About Traders Place
Compare Traders Place
Reviews of other crypto exchanges
Recent articles about Traders Place
February 20, 2021 12:23 PM
After GameStop fiasco, retail traders target Cryptos – Why is DOGECOIN up 470%
In this article, we're going to specifically tackle what happened with GameStop stock, and how it affected cryptocurrencies.
June 22, 2019 6:25 PM
Crypto Billionaire Tyler Winklevoss Says $15K BTC Price Soon After $10K
Bitcoin has risen back once again from its price drop and crypto traders all over the world are in anticipation of a potential break of $10,000. Bitcoin’s price is currently teasing $10,000 in value by flirting around the $9,000 mark. […]
May 8, 2019 4:22 PM
22 Million US Crypto Traders Overshadow Global Rivals
New research from DataLight has surfaced and it has found that amongst the top 100 Bitcoin exchanges, a whopping 22 million traders are from the United States. The closest to the US is Japan, with just 6 million traders. Coinbase […]
Similar articles on this topic
April 15, 2026 8:44 PM
TradeEU Global Review 2026: What Traders Should Know Before Signing Up
Is TradeEU Global the right broker for you? We tested the platform, compared account tiers, and reviewed the full trading experience for 2026.
April 13, 2026 11:11 PM
Algobi Review 2026: Is Algobi a Good Broker to Consider?
Thinking about trading with Algobi? We tested their platform, explored account tiers and spreads, and broke down everything you need to know in this 2026 review.
