Cryptocurrencies carry high risks
On regulated exchanges in Germany
Investment in crypto ETPs: Bitcoin, Ethereum & co. stored in secure cold wallets at regulated custodians. The securities (ETPs) are safely held at the custodian bank.
It doesn't have to be a whole coin. Simply build up your crypto portfolio piece by piece. Invest regularly in Bitcoin, Ethereum and other cryptocurrencies with a savings plan starting at as little as €1.
Trade crypto like stocks and ETFs - conveniently and easily in one broker.
Automatic tax settlement, all in one app.
Buy a whole coin or start small from just €1.
Invest in cryptos easily with savings plans.
Savings rates from €1 and flexible adjustment options.
As with stocks and ETFs, taxes are automatically deducted
via the custodian bank when crypto ETPs are sold.
Open a free custody account now and experience Scalable Crypto.
Trading with Crypto ETPs
At Scalable Capital, you can trade crypto as easily and securely as shares or ETFs. Crypto trading is based on exchange-traded crypto products (ETPs). Hence, trading takes place on regulated exchanges such as gettex or Xetra. Your coins are physically deposited with a regulated crypto custodian. Features such as real-time crypto prices and comprehensive information on individual currencies make trading in cryptocurrencies even more intuitive. In addition, the product costs associated with the crypto ETPs of our PRIME partner CoinShares are credited to you. More details here.
The trading hours of gettex and Xetra apply to crypto trading. On trading days, order placement is possible from 0.15 a.m. to 23.30 p.m.
CoinShares - our PRIME partner
CoinShares is Europe's largest and longest standing digital asset investment firm, managing billions of dollars of assets on behalf of its client base. The Group is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market.
With Scalable Crypto you trade cryptocurrencies as easily as stocks or ETFs on regulated trading venues (Xetra, gettex) in Germany. An investment is possible as a one-time purchase and as a savings plan from 1 euro per month. No separate account, wallet or re-identification is required for this.
Clicking on the "Crypto" button will take you to your personal crypto area. Here, all tradable cryptocurrencies are clearly displayed for you. After clicking on the desired cryptocurrency, you can both set up a savings plan and make purchases/sales in the cryptocurrency.
When you buy cryptocurrencies through Scalable Crypto, you buy exchange-traded crypto securities on regulated trading venues (Xetra, gettex) in Germany.
The purchased securities are safely held in your custody account at Baader Bank. The equivalent value of your investment in the corresponding cryptocurrency is held in custody for you at a regulated crypto custodian. In contrast to trading via crypto exchanges, there is no need for you to hold your investment independently in your own crypto wallet.
Currently, you can trade the following cryptocurrencies at Scalable Crypto:
We are constantly improving the offering together with our partner CoinShares. You can find all available crypto ETPs here.
You do not need your own wallet to trade with Scalable Crypto and you do not need to hold the cryptocurrencies on your own wallet. The custody of the cryptocurrencies is taken over for you by the issuer of the respective crypto security. In this case, the underlying cryptocurrencies are physically deposited with regulated crypto custodians on a cold wallet.
Blockchain analytics firm "Glassnode" estimates the number of lost Bitcoin in independent custody to be around three million. This represents nearly 15 % of the bitcoin ever in circulation.
Crypto Exchange Traded Products, or "Crypto ETPs" for short, is a collective term for all products that track the value of an underlying cryptocurrency. For example, a Bitcoin ETP, minus the issuer's product costs, offers the opportunity to participate in the performance of the cryptocurrency Bitcoin. In addition to the designation "ETP", product manufacturers sometimes use the designations Exchange-Traded-Note (ETN) or Exchange-Traded-Cryptocurrency (ETC). At Scalable Crypto, all crypto ETPs are 100% physically collateralised. When investing in physically collateralised crypto ETPs, the issuer deposits the equivalent value of the investment in the corresponding cryptocurrency with a regulated depositary.
We have published the conditions for trading cryptocurrencies for you here.
You will continue to benefit from our reimbursement of ongoing product costs for PRIME Crypto ETPs from our partner CoinShares. For Bitcoin, for example, these costs currently amount to 0.98 % annually. The reimbursement is made to your settlement account in the following calendar year.
In addition, there are still no custody or network costs for trading cryptocurrencies. In addition, as part of a promotion, we have not charged any spread surcharges to date. With the expiration of this promotional campaign on April 04, 2022, the agreed spread surcharges will apply for trading and savings plans with cryptocurrencies:
Any spread surcharges incurred will be displayed to you under "Cost information" prior to the placement of trading orders or when setting up or changing a savings plan.
Crypto ETPs are taxed in the same way as ETFs. Therefore 25 % capital gains tax plus solidarity surcharge and church tax, if applicable, is due on the sale of crypto ETPs. These are automatically paid to the tax office by the custodian bank or offset against your exemption order. Losses can also be offset against other securities. Thus, when purchasing Crypto ETPs, you benefit from a regulated, simple taxation that can be offset against other financial instruments.
This type of taxation also applies to crypto ETPs with a staking feature, which stakes a part of the deposited coins and thus generates additional rewards in the respective cryptocurrency for investors.
For trading at Scalable Crypto, the trading hours of gettex and Xetra apply, just like for shares and ETFs:
gettex: On trading days, Monday to Friday, from 8 am to 10 pm. Stock exchange holidays are excluded. Exchange trading ends at 2 p.m. on Dec. 30. There is no trading on December 31 and January 1.
Xetra: On trading days, Monday to Friday, from 9 a.m. to 5:30 p.m.. Stock exchange holidays are excluded. Trading ends at 2 p.m. on Dec. 30. There is no trading on December 31 and January 1.
On trading days, orders can even be placed around the clock. From 0.15 a.m. to 11.30 p.m. you can create or cancel orders via the customer area. Stop and limit orders placed outside trading hours will be executed at the next possible time during trading hours.