With Scalable Crypto you can trade cryptocurrencies as easily as stocks or ETFs as Crypto ETPs* on regulated exchanges (European Investor Exchange, gettex, Xetra) in Germany. You can invest either as a one-off purchase or from €1 per month in a savings plan. No separate account, wallet or re-identification is required for this.
The purchased securities are held securely in your securities account. The equivalent value of your investment in the relevant cryptocurrency is held in custody for you by the issuer at crypto custodians. Unlike trading on crypto exchanges, you do not need to hold your investment independently in your own crypto wallet.
*Crypto exchange-traded products or Crypto ETPs is a collective term for all products that track the value of an underlying cryptocurrency. In addition to the designation ETP, product manufacturers sometimes use the terms exchange-traded notes (ETNs) or exchange-traded commodities (ETCs).