How to Buy Crypto with Trade Republic

Can I Buy Bitcoin with Trade Republic?

Yes, Trade Republic offers Bitcoin, Ethereum, and about 50 other cryptocurrencies. There’s no direct trading fee, but a 2% spread applies to all crypto transactions, which can impact regular traders.

For more crypto choices and lower costs, consider using a European exchange regulated as a Virtual Asset Service Provider (VASP) under the European Securities and Markets Authority (ESMA) for added security and compliance.

‍

How to Buy Crypto with Trade Republic

To expand your crypto options or save on fees, you can transfer funds from Trade Republic to Kraken, a VASP-licensed crypto exchange across Europe, including Germany, France, Spain and Italy. Kraken offers over 280 cryptocurrencies, staking rewards, and a secure, compliant trading experience. It supports instant EUR deposits via IBAN, SEPA, cards and more.

Here’s a quick guide to using Trade Republic funds on Kraken:

1. Create an Account: Sign up on Kraken’s website and complete identity verification.
2. Deposit Funds: Head to the ‘Funding’ section, select Euros, and deposit funds using IBAN, bank transfer, or card linked to your Trade Republic account.
3. Choose Your Cryptocurrency: Browse Kraken’s wide selection to pick the crypto you want to buy.
4. Complete the Purchase: Enter your desired amount, review the transaction details, and confirm to finalize your trade.

‍

Trade Republic Crypto Fees

Trade Republic advertises itself as commission-free with a 1 Euro settlement cost, but the true cost of trading often falls between 2% and 3% due to spreads. 

Spreads are the difference between the buying price (what you pay) and the selling price (what you receive) on each trade. This gap effectively acts as a hidden fee, making trades more costly than they appear upfront.

Many users have expressed their concerns about these fees on forums like Reddit, reporting overall execution fees in excess of 2.71% per trade.

‍

Can I Send Crypto to Trade Republic?

No, Trade Republic doesn’t allow users to send or receive cryptocurrencies like Bitcoin or Ethereum. This restriction stems from regulatory limitations and the platform's lack of wallet infrastructure, which prevents direct crypto transfers.

For investors looking for full control over their digital assets, this limitation highlights a key weakness of Trade Republic compared to dedicated crypto exchanges, where users can freely deposit and withdraw their cryptocurrencies.

‍

About Trade Republic

Trade Republic, a leading European digital brokerage, serves over 4 million users across 17 countries, managing €35 billion in assets. Offering commission-free trading on stocks, ETFs, crypto, and more, it provides a 3.25% interest on cash balances aligned with European Central Bank (ECP) rates.

Its new Visa debit card reinvests 1% cashback rewards, enhancing value for users. With a full ECB banking license and profitable operations, Trade Republic stands out in Europe’s fintech market.

‍

Bottom Line

Trade Republic offers easy access to Bitcoin and a limited range of other cryptocurrencies, but its 2% spread and lack of transfer options add costs and limit flexibility. 

For greater asset selection, lower fees, features like staking and a built in crypto wallet, dedicated exchanges like Kraken provide a stronger alternative.

Understanding these differences can help you make more informed choices about your crypto investing strategy and execute more efficiently.