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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.
Trade Republic is a user-friendly platform primarily for stocks, ETFs, and a limited range of cryptocurrencies. It's ideal for beginners due to its simplicity and competitive fees. However, the inability to transfer crypto to personal wallets and slightly higher fees for crypto trading are notable drawbacks. The platform lacks advanced trading tools but offers savings plans and a strong mobile app experience. Overall, it’s a good fit for those with a diversified investment approach, including crypto as a minor component.
Overview
Quick Facts
Trade Republic, a major European broker, facilitates the acquisition of financial products through its user-friendly app. Celebrated for its simplicity and versatility in investment and savings options, it offers more than 9,000 stocks and ETFs, along with cryptocurrencies.
Informations
Pro's & Con's
- Very easy to use
- Large selection of stocks & ETFs
- Good all-rounder for investments
- Transfer to your own wallet not possible
- Slightly higher fees
Trade Republic
Features
Feature Overview
Unique Features
- Free savings plans
Tradable Assets
- Cryptocurrencies
- Stocks
- ETFs
- Derivatives
Trading Options
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Trade Republic
User Interface
Customer Reviews
-- reviews
/ 5 average rating fromWrite a Review
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Trade Republic
User Reviews
Trade Republic's mobile app is recognized for its user-friendly design. Users find the app to be highly responsive when executing trades, making it possible to enter and exit positions without any issues. Despite the app consistently reporting that it is unable to process transactions in high-market volatility situations. This Issue seems to be related to a lack of desktop support from the company’s IT.
Trade Republic offers a diverse selection of financial products, including cryptocurrencies. While clients have largely embraced its investment opportunities, many express the longing for a broader spectrum of cryptocurrencies and more complexity in terms of investing options, as well as the expectation for improved market intelligence and more thorough asset descriptions.
Trade Republic is favored by those new to stock and crypto trading for its simple interface and competitive fees, but there's a consensus on the need for more educational resources and in-depth market insights.
Trade Republic is known for its fee model, which is considered very low and transparent by many in the field, particularly its cost as compared with that of other brokers for regular traders. Of course, some individuals may still hold reservations about the expenses for specific transactions of interest, for example the cost incurring in moving assets to other depositories.
Trust in Trade Republic is high, due in part to the strict BaFin regulations imposed on it, and the robust security features like 2FA which help to ensure the security of your investments. However, there are reports that the customer service team is not always responsive, and sometimes does not provide sufficient information to help you restore access to your account.
Reactions to Trade Republic's customer service are mixed. Some customers appreciate the quick and effective responses, while others express frustration with slow response times and difficulty in resolving issues.
Trade Republic is known for being easy to use, charging low fees, and being consistent with its service. Despite its perfections, some customers have complained that the platform doesn't have a desktop app, it is limited with cryptocurrency choices, and customer service depends on the individual user.
About
Trade Republic
Trade Republic
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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