₿ Rating system

Scoring: crypto exchange comparison

This is how we rate trading venues for crypto assets. A crypto exchange does not execute securities orders and offers no ETF savings plans – so we rate trading costs, custody and regulation instead of brokerage account criteria.

Maximum score: 100
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Category Criterion Points breakdown Max. points
Trading costs Spot trading fee (taker)
  • • ≤ 0.15% = full points
  • • ≤ 0.25% = 11 points
  • • ≤ 0.50% = 7 points
  • • ≤ 1.00% = 3 points
  • • > 1.00% = 0 points
15
Spread and other cost components
  • • Spread stated and below 0.5% = full points
  • • Spread stated but higher = 4 points
  • • Spread not stated = 0 points
8
Deposit and withdrawal fees (SEPA in euros)
  • • Free deposits and withdrawals = full points
  • • Free in one direction only = 4 points
  • • Charges in both directions = 0 points
7
Security & regulation Regulation for the German market
  • • MiCAR authorisation or BaFin licence for crypto custody = full points
  • • Authorisation in another EU member state with passporting = 8 points
  • • Registered outside the EU = 3 points
  • • No verifiable authorisation for the EU market = 0 points
12
Custody of customer assets
  • • Mainly cold storage, segregated custody, proof published = full points
  • • Cold storage stated but without proof = 5 points
  • • Custody not stated = 0 points
10
Account security (2FA, withdrawal addresses, locks)
  • • Two-factor authentication, address whitelisting and withdrawal locks = full points
  • • Two-factor authentication without further safeguards = 3 points
  • • No two-factor authentication = 0 points
6
Offering Number of tradable crypto assets
  • • ≥ 200 = full points
  • • ≥ 100 = 6 points
  • • ≥ 50 = 4 points
  • • < 50 = 2 points
  • • Not publicly stated = 0 points
8
Trading pairs directly in euros
  • • Mainly euro pairs without going via stablecoins = full points
  • • Only the main assets tradable in euros = 3 points
  • • No euro trading = 0 points
5
Additional products (savings plans, staking)
  • • Crypto savings plans and staking available = full points
  • • One of the two available = 3 points
  • • No additional products = 0 points
5
Platform & usability Web interface and app
  • • German-language web interface and app for iOS and Android = full points
  • • Web interface only or app only = 3 points
  • • No German-language interface = 1 point
6
Available order types
  • • Limit, stop-limit and other order types = full points
  • • Limit and market orders only = 2 points
  • • Market order or fixed purchase only = 0 points
4
Availability and outage history
  • • Status page available, no documented major outages = full points
  • • Status page available, occasional outages documented = 2 points
  • • No status page or repeated outages = 0 points
4
Taxes & reporting Tax report for the German tax return
  • • Ready-made tax report provided free of charge = full points
  • • Partnership with a tax tool = 3 points
  • • No tax report = 0 points
6
Export of transaction data
  • • Full CSV export and API = full points
  • • CSV export only = 2 points
  • • No export possible = 0 points
4
Total points: 100