Trade Republic is a crypto investment platform that has quickly gained popularity thanks to its ease of use and low management costs. Based in Germany, the company is known for the ability to trade stocks, ETFs, and, more recently, cryptocurrencies. In this article, we will explore how Trade Republic operates in the cryptocurrency sector, what services it offers, and which digital assets it currently has listed.
What is the crypto platform Trade Republic?
Trade Republic initially established itself as an innovative broker in the stock and ETF sector. In 2022, it extended its services to cryptocurrency trading, becoming a comprehensive platform for investments.
Thanks to its intuitive interface and low fees, Trade Republic has attracted an audience of investors, from beginners to experts.
For cryptocurrency trading, Trade Republic offers direct access to a selection of over 50 digital assets, including some of the most popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and other emerging altcoins.
This makes the platform an interesting choice for those who wish to diversify their portfolio with investments in the crypto sector.
How does investing in crypto work on Trade Republic?
Purchase and sale
The operation of cryptocurrency trading on Trade Republic is very simple. Users can buy and sell cryptocurrencies directly through the platform’s mobile app. Each transaction involves a fixed fee of 1 euro, regardless of the amount traded, making the service transparent and accessible.
Custody of cryptocurrencies
One of the distinctive features of Trade Republic is the secure custody of cryptocurrencies. The digital assets purchased by users are stored by BitGo Europe GmbH, a leading company in cryptocurrency custody, regulated and certified to ensure maximum security.
Crypto savings plans
Another innovative service offered by Trade Republic is the possibility to create savings plans in cryptocurrencies. With this tool, users can invest regular amounts starting from 1 euro in selected cryptocurrencies, following a gradual accumulation strategy. This is particularly useful for those who want to take advantage of the dollar-cost averaging method, reducing the impact of market volatility.
Cryptocurrencies available on Trade Republic
Trade Republic offers a wide range of cryptocurrencies to meet the needs of investors, from the most established coins to emerging altcoins. Among the main cryptocurrencies available, we find:
Bitcoin (BTC): the cryptocurrency par excellence, considered digital gold.
Ethereum (ETH): the leading platform for smart contracts and decentralized applications.
XRP: one of the main cryptocurrencies for global payments.
Cardano (ADA): known for its scientific approach and technological innovation.
Avalanche (AVAX): a high-performance blockchain.
Axie Infinity (AXS): linked to the popular play-to-earn game Axie Infinity.
The list of available cryptocurrencies is constantly updated, allowing users to access new investment opportunities.
Security and regulation
A fundamental aspect of Trade Republic is security. The platform is regulated by the BaFin, the German financial supervisory authority, and the Bundesbank, ensuring a high level of reliability. Additionally, users’ funds are protected up to 100,000 euros through the German deposit guarantee system.
Regarding cryptocurrencies, custody through BitGo offers an additional layer of security. However, it is important to emphasize that cryptocurrencies purchased on Trade Republic cannot be transferred to external wallets; they can only be sold within the platform.
Trade Republic is establishing itself as one of the most innovative platforms in the cryptocurrency trading landscape. With a range of over 50 digital assets, fixed fees, and the possibility to create savings plans, the platform is an ideal choice for those looking for a simple and secure way to invest in the crypto sector.
However, the inability to transfer the purchased cryptocurrencies to external wallets can represent a limitation for some more experienced users. In return, the security offered by custody through BitGo and the strict regulation make Trade Republic a reliable platform for those who wish to approach the world of cryptocurrencies.
In conclusion, Trade Republic is an option to consider for those seeking secure and convenient access to investments in cryptocurrencies, with the added advantage of an intuitive and well-regulated platform.
