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Transferable to your own wallet
Self-custody of cryptocurrencies plays an important role for many users who want to manage their cryptocurrencies and thus their "private keys" themselves and not leave them in the hands of the exchange. Most exchanges offer the option of sending the purchased cryptocurrencies to their own wallet.
Deposit protection is a safeguard for the assets of users of a stock exchange or broker, which is intended to protect investors in the event of insolvency or a high loss due to a hacker attack. Service providers based in Germany are legally obliged to provide deposit protection of €100,000. In some cases, international exchanges have a special insurance policy that covers a certain portion of the assets instead of a deposit guarantee.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
This rating describes our assessment of the fee structure of a stock exchange or broker. It is not only the amount of fees that can differ, but also the type of fees. The most common type of fees for crypto exchanges are the "maker/taker" fees or spreads. In some cases, there are also hidden fees that are not recognizable to users at first glance.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
BSDEX, operated by the Stuttgart Stock Exchange, offers a secure and regulated environment for trading Bitcoin and Ethereum. It's particularly appealing to beginners due to its straightforward interface and transparent fee structure. However, the platform's limited cryptocurrency selection and lack of advanced trading features may not satisfy more experienced traders. Overall, BSDEX is a solid choice for users prioritizing security and simplicity, particularly those based in Germany.
Overview
Quick Facts
The Digital Exchange Stuttgart Stock Exchange (BSDEX) is the Stuttgart Stock Exchange's official crypto trading platform. It is highly trusted, especially by beginners who value a German base and can overlook a limited coin selection.
Informations
Pro's & Con's
- High level of trust from the Stuttgart Stock Exchange
- Based in Germany
- Low fees
- Small selection of coins
- Few payment methods
BSDEX
Features
Feature Overview
Unique Features
- Germany's first regulated trading venue for digital assets
Tradable Assets
- Cryptocurrencies
Trading Options
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BSDEX
User Interface
Customer Reviews
-- reviews
/ 5 average rating fromWrite a Review
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BSDEX
User Reviews
The digital trading platform in BSDEX from the Stuttgart Stock Exchange is a great option, especially for beginners because it has a simple and easy-to-use interface. The registration and navigation are easy to do. Some users have had issues with the mobile application, but it's fairly simple. Users also noted that the verification process still needs some work.
Users appreciate BSDEX for its curated selection of quality cryptos and its easy-to-use trading platform, which offers fewer options than some of its competitors. That said, users would like to see additional coins listed on the exchange and for more trading features to be added.
BSDEX is attracting many beginners due to its simplicity and quick enrollment process. However, the call for a more quality content and training materials is being heard.
The fee structure of BSDEX is generally regarded as transparent and fair, with the lack of deposit and withdrawal fees being seen as a particular highlight. Nonetheless, some individuals believe that trading fees could be more competitive with those of other platforms.
BSDEX has the backing of the Stuttgart Stock Exchange, and users' trust is further strengthened by stringent KYC policies and robust security protocols. While some users may have experienced slight delays with withdrawals, this has been a minor issue.
Feedback on BSDEX's customer service is varied, with some appreciating the quick and satisfactory responses and others complaining of long wait times and unhelpful responses.
Feedback from BSDEX users is generally positive, with many highlighting the platform's user-friendly interface, reliable security measures, and the built-in trust factor associated with the Stuttgart Stock Exchange. Users are looking forward to increased cryptocurrency offerings, lower fees, and more responsive support.
About
BSDEX
BSDEX
Users?
Score
About the author
At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.
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