Do you have ideas or suggestions for changes? Then we look forward to your feedback! We make every effort to keep all metrics and information as up-to-date as possible. However, if you discover an error or outdated information, we would be delighted to hear from you.
Feel free to write to us:
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 describes how a provider safeguards customer assets if it becomes insolvent or loses funds in a hack. Government deposit insurance does not cover crypto held on an exchange: FDIC insurance in the US and the EU deposit guarantee of up to €100,000 per depositor and bank cover money held at banks only. Some exchanges run their own insurance policy or protection fund instead, which covers part of customer assets on terms the exchange sets.
The overall rating is our editorial judgment of the platform as a whole. It draws on the six individual ratings, but it is not their average and has no fixed weights. 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, 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.
Scalable Capital Review
Exchange Flow is reader-supported. We may earn a commission when you sign up through our links. Commissions do not influence our ratings or rankings. Advertiser Disclosure
In our view, Scalable Capital is a good fit for investors in Germany and five other European countries who want crypto exposure next to stocks and ETFs at a German bank. Crypto comes as 32 ETPs on regulated exchanges, and savings plans start at €1. If you want many more coins, a crypto exchange fits better.
Overview
Quick Facts
Scalable Capital is a broker and full bank based in Munich, founded in 2014. Next to stocks, ETFs, funds and savings plans, it offers 32 cryptocurrencies as ETPs that trade on regulated exchanges in Germany.
Informations
Pro's & Con's
- Full bank under BaFin and Deutsche Bundesbank supervision
- Crypto, stocks, ETFs and savings plans in one securities account
- Crypto savings plans from €1 with no order fee
- No custody fee and no minimum deposit
- On PRIME+, cash spread across up to 5 banks with deposit protection
- Crypto only as ETPs: no coins of your own, no wallet transfers through Scalable Capital, no direct staking
- 0.99% spread surcharge on top of the order fee on the FREE plan
- Only 32 cryptocurrencies
- Open only to residents of six European countries
Scalable Capital
Features
Feature Overview
Unique Features
- Robo advisor
- Savings plans from €1
Tradable Assets
- Crypto ETPs
- Stocks
- ETFs
- Derivatives
Trading Options
-
Our
Scalable Capital
Review
Our Rating
Conclusion
In our view, Scalable Capital is a good fit for investors in Germany and five other European countries who want crypto exposure next to stocks and ETFs at a German bank. Crypto comes as 32 ETPs on regulated exchanges, and savings plans start at €1. If you want many more coins, a crypto exchange fits better.
Customer Reviews
/ 5 average rating from 0 reviews
Write a Review
Share your experience! Your review can help others make informed decisions. Let us know what worked well and what could be improved. Your feedback is valuable and will contribute to our community’s knowledge.
We rate operation highly. Scalable Capital runs its broker through apps for iOS and Android and on the web, and app users rate it well: 4.64 out of 5 from 78,744 ratings on the German App Store and 4.4 out of 5 from 41.7K reviews on the German Google Play store. The site is available in German and English. You buy a crypto ETP like any other security, from €1, and you can adjust savings plans flexibly. Your monthly statement and the customer area show where your cash is held. One limit: orders reach the exchange only during its trading hours, not around the clock.
We rate the range of functions as average for crypto. Scalable Capital offers 32 cryptocurrencies as ETPs and crypto savings plans from €1, and some ETPs stake the underlying coins and pay the rewards into the product. You trade them on three German venues: the European Investor Exchange, gettex and Xetra. In our view, that is a narrow set of crypto tools next to a crypto exchange. Its strength is the broker around it: stocks, ETFs, funds, derivatives, bonds and private equity, plus overnight and fixed-term accounts, Lombard loans and accounts for children. A newer addition is Agentic Investing, which opens the platform to AI assistants.
We rate beginner friendliness as good, with caveats. There is no minimum deposit, savings plans start at €1, and you never handle keys. Opening an account requires an identity check: in Germany through Deutsche Post's POSTIDENT by video, eID or at a post office, while Scalable Capital's status page lists video identification for France, Spain, Italy and the Netherlands. The account can take up to 3 business days after identification, and you fund it only from a SEPA account in your own name. The harder part for beginners is the product itself: you need to understand what an ETP is, who issues it and which yearly costs it adds.
We rate fees as average. The €0.99 order fee is low, but in our view the 0.99% spread surcharge on the FREE plan makes crypto more expensive than on many crypto exchanges. PRIME+ at €4.99 a month removes the order fee from €250 on the European Investor Exchange and lowers the surcharge to 0.69%; on gettex and Xetra, an order costs up to €1.99 on every plan. Custody is free, SEPA deposits cost nothing, Scalable Capital lists no fee for SEPA withdrawals, and instant deposits cost 0.99% or 0.69% up to €5,000. ETP issuers add their own yearly costs, for example 0.15% a year for CoinShares Physical Bitcoin.
We rate security and trust at the top of our scale. Scalable Capital is a full bank supervised by BaFin and the Deutsche Bundesbank, securities are kept out of the bank's insolvency estate, and its information security is certified to ISO 27001. Cash held at banks is covered by statutory deposit protection up to €100,000 per bank, and on PRIME+ it is spread across up to 5 banks. Points to weigh: without PRIME+, cash can also sit in money market funds outside deposit protection, crypto ETPs carry the risk of their issuer, and in 2020 personal client data was stolen through old access credentials of a former service provider.
We rate support as solid. If you have an account, you send your request through the support section of the app, under your profile, or through the Support tab on the website; email is meant only for people without an account or without access, and requests from the app get priority. We could not find a phone line or live chat. The help center answers common questions on account opening, deposits, withdrawals and crypto ETPs in German, English, Spanish, French, Italian and Dutch, and a public status page shows whether its systems are running. In our view, the help center explains the ETP model clearly.
In our view, Scalable Capital earns its overall rating as a well-supervised German bank and broker that adds crypto to a stock and ETF portfolio at a moderate cost. It is a good choice for investors in its six countries who want Bitcoin or Ethereum exposure without managing a wallet. Traders who want many more coins should compare Bitvavo or Kraken.
About
Scalable Capital
Scalable Capital
Scalable Capital Review: Crypto ETPs, Fees, Regulation and Who It Suits
Our verdict: in our view, Scalable Capital is a solid choice if you already invest in stocks and ETFs in Europe and want some crypto exposure in the same account. It is a broker, not a crypto exchange. Scalable Capital Bank GmbH, a German bank based in Munich, offers 32 cryptocurrencies as exchange-traded products (ETPs) that trade on regulated stock exchanges.
Crypto costs €0.99 per order plus a 0.99% spread surcharge on the FREE plan, which has no monthly fee. On PRIME+, at €4.99 a month, orders from €250 on the European Investor Exchange have no order fee and the surcharge drops to 0.69%.
Scalable Capital suits you if:
- you live in one of its six European countries and want crypto next to your stocks, ETFs and savings plans.
- you want small, regular crypto purchases. Savings plans start at €1 and carry no order fee.
- you want your broker to be a bank supervised by BaFin and the Deutsche Bundesbank.
Scalable Capital is probably not for you if:
- you want to own coins, move them to your own wallet, or use them on a blockchain. You hold ETPs, not coins.
- you want to trade around the clock. Crypto ETPs trade only while the exchanges are open.
- you live in the US. Scalable Capital does not accept U.S. persons as clients.
We rate Scalable Capital highest for security and trust, followed by operation, and lower for functions, fees, beginner friendliness, and support (how we rate). Alternatives with real coins include Trade Republic, Bitvavo, and Kraken.
| Crypto Exchange | Cryptos | Trading Fee | Withdrawal Fee | For US Users? | EF Score |
|---|---|---|---|---|---|
 WEEX | 1173 | 0.1 % | ₿ 0.00016 | No |  9.8 /10 |
 MEXC | 1262 | 0.05 % | ₿ 0.00002 | No | 9.6 /10 |
 Binance | 416 | 0.1 % | VariesBinance sets this fee itself and adjusts it to activity on the Bitcoin network. On 2026-10-03 it charged 0.00002 BTC for a Bitcoin network withdrawal, about $1.69 at Binance's BTC/USDT price. | No | 9.4 /10 |
 OKX | 304 | 0.35OKX US entry tier (OKX INC.) for US residents. The global and EEA entry tier is 0.08% maker and 0.10% taker. % | VariesOKX charges the Bitcoin network fee it shows on its withdrawal page, and the amount changes with network load. On 2026-10-05 it showed 0.000015 BTC, about $1.29 at the OKX BTC index price. | Yes | 9.3 /10 |
 Bitpanda | 568 | 0.99 % | VariesBitpanda adjusts this fee to congestion on the Bitcoin network and says it earns nothing from it. On 2026-10-03 it showed 0.00000598 BTC, about $0.51 at Bitpanda's BTC price. | No | 9.2 /10 |
 KuCoin | 837 | 0.1 % | ₿ 0.00009 | No | 8.9 /10 |
 Bitvavo | 426 | 0.25 % | VariesBitvavo sets this fee itself and changes it with blockchain capacity. On 2026-10-03 it charged 0.000017 BTC, about $1.44 at Bitvavo's BTC/USDC price. | No | 8.8 /10 |
 eToro | 150 | 1 % | VariesMoving BTC from your eToro investment account to the eToro crypto wallet costs 2% of the amount (at least $1, at most $100). Sending it from the wallet to an external address then costs only the Bitcoin network fee. | Yes | 8.8 /10 |
 Kraken | 629 | 0.8 % | VariesKraken may adjust this fee as its costs and market conditions change. On 2026-10-03 its fee page showed 0.000015 BTC for a Bitcoin withdrawal when viewed from the US. | Yes | 8.8 /10 |
 Pionex | 311 | 0.05 % | ₿ 0.000018 | No | 8.5 /10 |
 Bybit | 393 | 0.1 % | VariesBybit sets this fee itself and changes it often. Between 2026-10-02 and 2026-10-05 it showed 0.000035 to 0.000068 BTC for a Bitcoin network withdrawal. | No | 8.5 /10 |
 Coinbase | 407 | 0.9Coinbase Advanced spot entry tier for US residents. In the EU and UK the entry tier is 0.25% maker and 0.50% taker; in Brazil, India and other international markets it is 0.09% maker and 0.10% taker. % | VariesCoinbase sets this fee from its own estimate. Estimated Bitcoin network cost on 2026-10-03: about $0.36 (range $0.12 to $0.83 over the previous 24 hours, mempool.space). | Yes | 8.3 /10 |
 BSDEX | 10 | 0.35 % | ₿ 0 | No | 8.2 /10 |
 Bitfinex | 68 | 0 % | ₿ 0.00006 | No | 8.1 /10 |
 Bitstamp | 114 | 0.4 % | VariesBitstamp charges its own estimate of the Bitcoin network fee plus a processing fee it does not publish, and shows the total before you confirm. Estimated network cost on 2026-10-03: about $0.36 (range $0.12 to $0.83 over the previous 24 hours, mempool.space); the processing fee comes on top. | Yes | 8.1 /10 |
 Bitget | 511 | 0.1 % | ₿ 0.00002 | No | 8 /10 |
 justTRADE | 73 | 0.125justTRADE charges no maker or taker fees. You pay a 0.125% commission per crypto order plus a spread of at least 0.175% in the price. % | Not possiblejustTRADE does not allow transfers of crypto into or out of your account. | No | 8 /10 |
 Crypto.com | 416 | 0.5 % | VariesCrypto.com Exchange quotes 0.0004 BTC for a Bitcoin withdrawal, about $33.82 at its BTC price on 2026-10-03. The quote is based on an estimate of network fees, so the final fee may differ. | Yes | 8 /10 |
 Trade Republic | 50 | 0Trade Republic charges no commission on crypto trades. You pay a €1 settlement fee per trade, plus a spread in the price. % | VariesTrade Republic charges no fee to send crypto; you pay only the Bitcoin network fee. Estimated network cost on 2026-10-03: about $0.36 (range $0.12 to $0.83 over the previous 24 hours, mempool.space). | No | 7.9 /10 |
 Phemex | 139 | 0.1 % | ₿ 0.000015 | No | 7.8 /10 |
Scalable Capital | 32 | 1% % | Not possibleScalable Capital holds crypto as exchange-traded products (ETPs), not as coins, so you cannot withdraw it to a private wallet. In exceptional cases an ETP issuer may redeem the coins to your own wallet, with its own checks and fees. | No | 7.8 /10 |
 CEX.IO | 272 | 0.25 % | VariesCEX.IO lists this fee as floating and sets the amount itself. On 2026-10-03 it listed 0.000075 BTC, about $6.35 at CEX.IO's BTC price. | Yes | 7.5 /10 |
 Relai | 1 | 1Relai charges a 1.00% service fee on transactions of €50 to €99,999.99, plus its own margin in the price. % | No feeRelai's wallet is non-custodial, so the bitcoin you buy is held in your own wallet. Relai covers the Bitcoin network fee when you buy; when you sell, the network fee is included in the price shown. | No | 7.5 /10 |
 Plus500 | 24 | 0Plus500 offers crypto as CFDs in the EEA. It charges no fee to open or close a trade and is paid mainly through the spread built into its quoted price. % | Not possiblePlus500 offers crypto as CFDs, so there are no coins to withdraw. | No | 7.5 /10 |
 WhiteBIT | 338 | 0.1 % | VariesWhiteBIT bases this fee on blockchain fees and the price of bitcoin, and it can change the fee without notice. On 2026-10-08 it listed 0.00009 BTC for a withdrawal on the Bitcoin network, about $7.48 at WhiteBIT's BTC price. | No | 7.4 /10 |
 Gate.io | 1464 | 0.1 % | VariesGate adjusts its withdrawal fees every hour based on network conditions. On 2026-10-04 its fee page showed 0.00003 BTC for a Bitcoin withdrawal, about $2.57 at Gate's BTC price. | No | 7.2 /10 |
 BitFlyer | 9 | 0.1bitFlyer USA entry tier for Lightning Spot; bitFlyer Europe also charges 0.10%. On bitFlyer USA, the Buy/Sell service has no separate fee, but its prices include a fee of 0.1% to 6.0%, and more when prices move sharply. % | ₿ 0.0004 | Yes | 7.1 /10 |
 Hotcoin | 285 | 0.2 % | ₿ 0.00003 | No | 7.1 /10 |
 bitcoin.de | 8 | 0.5 % | Variesbitcoin.de adjusts this fee regularly to the current Bitcoin network fee and keeps none of it. On 2026-10-22 its fee page showed 0.00000401 BTC, about $0.33 at Coinbase's BTC price. | No | 7 /10 |
 Gemini | 80 | 1.2 % | VariesGemini charges a dynamic fee meant to cover the Bitcoin network fee. Estimated network cost on 2026-10-03: about $0.36 (range $0.12 to $0.83 over the previous 24 hours, mempool.space). | Yes | 6.5 /10 |
 LBank | 885 | 0.1 % | ₿ 0.00005 | No | 6.3 /10 |
 Libertex | 102 | 0.1Libertex offers crypto only as CFDs. It charges a 0.1% commission on crypto CFDs, and the spread varies with the market. % | Not possibleLibertex offers crypto only as CFDs, so there are no coins to withdraw. | No | 6.1 /10 |
 Upbit | 360 | 0.05 % | ₿ 0.0002 | No | 6 /10 |
CFD risk warning: Libertex and Plus500 offer crypto as CFDs (contracts for difference), so you trade on the price without owning the coins. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs with these providers. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Scalable Capital at a glance
- Type: broker and full bank. Crypto through ETPs only
- Operator: Scalable Capital Bank GmbH, Munich, Germany (HRB 217778, Munich Local Court). Founded in 2014
- Supervision: BaFin and Deutsche Bundesbank, full bank since the ECB authorization of September 2025
- Crypto: 32 cryptocurrencies as ETPs, traded on the European Investor Exchange, gettex and Xetra
- Crypto costs on FREE: €0.99 per order on the European Investor Exchange, plus a 0.99% spread surcharge
- Crypto costs on PRIME+ (€4.99 a month): €0 per order from €250 on the European Investor Exchange, plus a 0.69% spread surcharge
- Orders on gettex and Xetra: up to €1.99 on every plan, plus the surcharge
- Custody fee: €0. ETP issuers charge their own yearly product costs
- Bitcoin withdrawal: Not possible through Scalable Capital, because you hold an ETP
- Minimum deposit: none. Minimum order and savings plan: €1
- Availability: residents of Germany, Austria, Italy, Spain, metropolitan France and the Netherlands
How crypto works at Scalable Capital
When you buy Bitcoin at Scalable Capital, you are purchasing a crypto ETP. This is a security from issuers like CoinShares, 21Shares, or Bitwise that tracks the coin's value. Custody is managed by the issuer, with specialized custodians securing the underlying coins. Trading of these ETPs occurs on the European Investor Exchange, gettex, and Xetra in Germany, restricted to exchange trading hours.
You never manage keys or a wallet, and the ETPs sit in your securities account next to stocks and ETFs. In return, the issuer charges yearly product costs on top of the trading fees: CoinShares Physical Bitcoin charges 0.15% a year, Bitwise Physical Ethereum 1.49% and 21Shares Solana Staking 2.50%. Scalable Capital does not send coins to wallets; some issuers allow a physical redemption in exceptional cases, with extra checks and issuer fees.
Where Scalable Capital is available
Scalable Capital is accessible to residents of Germany, Austria, Italy, Spain, metropolitan France, and the Netherlands. Account opening requires you to be 18 or older, possess a SEPA current account in your name, and have an EEA phone number.
Scalable Capital is not available in the US. Its customer terms say that U.S. persons cannot become clients, and its app is not listed on the US App Store. If you live in the US, our list of exchanges for US customers shows providers that accept you.
What crypto costs: a worked example
Assume you live in Germany and aim to invest in Bitcoin through an ETP:
- Funding the account by SEPA transfer is free. Instant funding via direct debit costs 0.99% on FREE and 0.69% on PRIME+, with no charge for amounts exceeding €5,000.
- Purchasing the ETP on the FREE plan incurs a €0.99 per order fee plus a 0.99% spread surcharge on the order value.
- Opting for PRIME+ at €4.99 monthly allows orders from €250 to cost €0, with a 0.69% surcharge.
- These prices apply to the European Investor Exchange. On gettex and Xetra, orders can cost up to €1.99 on every plan, along with the surcharge.
- Setting up a savings plan requires €0 per execution, plus the same 0.99% surcharge on FREE.
In our view, the percentage surcharge matters more than the order fee: on an order of a few hundred euros, it is the larger part of the cost, and PRIME+ pays off mainly if you trade often or in larger amounts. Our fee comparison lists Scalable Capital with the other brokers that charge a fee plus a spread.
Security and regulation
License and supervision
Scalable Capital Bank GmbH holds a BaFin license under section 32 of the German Banking Act (KWG) for banking and investment services. In September 2025, the ECB authorized it to accept deposits and offer loans, establishing it as a full bank (a CRR credit institution) under the supervision of BaFin and the Deutsche Bundesbank.
Crypto ETPs are classified as securities, thus governed by the securities license and not MiCA. Under MiCA, since March 2026, BaFin has only authorized Scalable Capital Bank GmbH to provide advice on crypto-assets in Germany. It lacks a MiCA license for crypto-asset custody or exchange.
Protection of your cash and securities
Cash held at banks is covered by statutory deposit protection up to €100,000 per depositor per bank, and on PRIME+ it is spread across up to 5 banks. Without PRIME+, Scalable Capital can also hold your cash in money market funds, which follow UCITS investor protection rules instead of deposit protection, and all of it can sit in one such fund. Securities, including crypto ETPs, are not part of the bank's insolvency estate. That protects you if Scalable Capital fails, but not if an ETP issuer fails: Scalable Capital's crypto page names issuer risk as one of the risks of these products.
Account security
Scalable Capital implements two-factor authentication. Its information security is ISO 27001 certified and subject to regular audits by external entities.
Incidents
In 2020, attackers exploited outdated access credentials from a former service provider of Scalable Capital to access personal client data, including ID document copies, IBANs, and tax IDs. In a Munich Regional Court case, the claimant, citing the prosecutor's file, put the theft at 389,000 records of 33,200 individuals. In December 2021, the court awarded the claimant €2,500 in damages for non-material harm under the GDPR.
Alternatives to Scalable Capital
In our view, Trade Republic is the closest match if you want real coins from a German broker. Trade Republic Bank GmbH is authorized by BaFin as a crypto-asset service provider, lists 50 cryptos and lets you send and receive them to and from external wallets. It charges €1 per trade, with the spread built into the price.
For those new to crypto preferring an exchange, Bitvavo is a straightforward option in our view. Bitvavo B.V. is authorized by the Dutch AFM under MiCA, charging 0.15% maker and 0.25% taker fees at its entry level on euro markets, and enables coin withdrawal.
Advanced traders may prefer Kraken for its extensive offerings: it lists 629 crypto assets, with Kraken Pro spot fees beginning at 0.40% maker and 0.80% taker rates. More brokers are detailed in our list of crypto brokers for direct purchases.
If you live in the US, Coinbase accepts residents of every state, and Kraken serves every state except New York and Maine.
FAQ
Is Scalable Capital safe?
Scalable Capital is a German bank under BaFin and Deutsche Bundesbank supervision. Your securities remain outside the bank's insolvency estate, while cash in banks benefits from statutory deposit protection up to €100,000 per bank. Without PRIME+, cash might be in money market funds outside this protection. Crypto ETPs carry issuer risk, and a data breach in 2020 compromised personal client data.
Which cryptocurrencies can you trade on Scalable Capital?
Scalable Capital allows trading of 32 cryptocurrencies as ETPs, including Bitcoin, Ethereum, and Solana products from issuers like CoinShares, 21Shares, and Bitwise.
What does crypto cost on Scalable Capital?
On the FREE plan, each order costs €0.99 plus a 0.99% spread surcharge. With PRIME+ at €4.99 monthly, orders from €250 cost €0 plus 0.69%. Both order prices apply to the European Investor Exchange. On gettex and Xetra, orders can cost up to €1.99. Issuers add yearly product fees.
Is Scalable Capital available in the US?
No. Scalable Capital's customer terms exclude U.S. persons, and the service is limited to residents of six European countries. US residents can look at Coinbase or Kraken instead.
Trade Republic or Scalable Capital: which is better for crypto?
In our view, Trade Republic, if you want coins of your own that you can send to external wallets. Scalable Capital offers 32 cryptos as ETPs and fits better if you want crypto inside a securities account with the rest of your portfolio.
About the author
Ethan Parker is Senior Content Editor at Exchange Flow. He has followed crypto since 2015, from Bitcoin and Ethereum to the exchanges people use to buy and trade them.
Compare
Scalable Capital
Explore Other Crypto Exchanges
Compare Exchanges by Category
...