No Regulation

Score

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/10

Boerse Stuttgart

Germany

|

2-5 years

Suspicious Regulatory License|

Medium potential risk

https://www.boerse-stuttgart.de/en/

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A

Influence Index NO.1

Germany 7.90

Better than 98.60% exchange(s)

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Company Name
Boerse Stuttgart
Phone of the company
+49 711 222985-0
Customer Service Email Address
info@boerse-stuttgart.de

WikiBit Risk Alerts

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Previous Detection 2024-06-16

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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Aspect Information
Company Name Boerse Stuttgart
Registered Country/Area Germany
Founded Year 1860
Regulatory Authority No regulation
Cryptocurrencies Offered Bitcoin (BTC), Bitcoin Cash (BCH), Cardano (ADA), Chainlink (LINK), Ethereum (ETH),Litecoin (LTC), Polkadot (DOT), Ripple (XRP), Solana (SOL), Uniswap (UNI)
Trading Platforms Börse Stuttgart App
Fees Maker fee: 0.2%, taker fee: 0.35%
Deposit & Withdrawal Bank transfer, Cryptocurrencies, SEPA transfer
Educational Resources BSDEX Academy , Glossary, FAQ
Customer Support Email: INFO@BOERSE-STUTTGART.DE; social media; Phone: +49 711 222 985-0

Overview of Boerse Stuttgart

Boerse Stuttgart, a company based in Germany, was founded in 1860. It operates under the regulatory authority of the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). Boerse Stuttgart offers 10 cryptocurrencies including the most popular Bitcoin (BTC) and Ethereum (ETH) on its platform.

Boerse Stuttgart's homepage

Pros and Cons

Pros Cons
Many Years' experience Limited range of supported cryptocurrencies
Not regulated
Fees charged for fiat currency deposits and withdrawals

Pros:

Many Years' experience: Boerse Stuttgart has been in the game for a long time, which can be seen as a positive aspect. They have built a reputation and gained experience in the crypto exchange industry.

Cons:

Fees charged for fiat currency deposits and withdrawals: Except for Euro, Boerse Stuttgart charges fees for fiat currency deposits and withdrawals.

Limited range of supported cryptocurrencies: One of the downsides of Boerse Stuttgart is the limited range of supported cryptocurrencies. If you are looking for a wide variety of crypto options, this exchange might not meet your needs.

Not regulated: Boerse Stuttgart is not regulated, which can be a concern for some users. Regulation provides a certain level of trust and security, and the lack of it in this case can raise questions about the exchanges practices and procedures.

Regulatory Authority

Boerse Stuttgart currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. It makes investing with them risky.

If you are considering investing with Boerse Stuttgart, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated exchanges to ensure your funds are protected.

Security

Boerse Stuttgart offers security of its platform and employs various measures to mitigate potential risks.

One notable security measure is the requirement for users to link their bank accounts for deposits and withdrawals. This helps to verify the identity of users and adds an extra layer of security to the transaction process. Additionally, Boerse Stuttgart encourages users to enable two-factor authenticationto enhance the security of their accounts.

It is advisable for users to follow general security best practices such as using strong and unique passwords, regularly updating software and devices, and being cautious of phishing attempts. By understanding and implementing these security measures, users can help protect their assets and personal information when using Boerse Stuttgart or any other cryptocurrency exchange.

Trading Markets

Apart from cryptocurrency trading, Boerse Stuttgart offers a broad portfolio of others financial products. Below are some of them:

Equities: Investors can trade shares of public companies both domestic and international.

Indices: It offers numerous indices representing various segments of the stock market, providing a snapshot of market performance.

Currencies: Trading in forex, i.e., different global currencies, is also available for investors looking for diversification.

Commodities: Investors have the opportunity to trade in various commodities, such as metals, energy, and agricultural products.

Funds: It offers a wide range of investment funds which allow diversification across a basket of securities.

Bonds: For those seeking stable, long-term investments, a variety of government and corporate bonds are available.

Exchange Traded Products (ETPs): These include exchange-traded funds (ETFs), exchange-traded commodities (ETCs), and exchange-traded notes (ETNs), among others.

Trading Markets

Börse Stuttgart App

The Börse Stuttgart App, offered by the exchange, is a comprehensive tool designed to cater to the diverse needs of modern investors. It is available across multiple platforms including iOS, Android, and the Web. This extensive availability ensures that users can access the app's features regardless of their preferred device or operating system.

The app presents a plethora of features like real-time tracking of stocks, bonds, and cryptocurrencies, enabling users to stay updated on their investments anywhere, at any time. \Additionally, it facilitates easy trading and provides insightful financial news around the clock, allowing investors to make informed decisions. Its user-friendly interface aims to streamline the investment process, making it a potentially invaluable tool for both seasoned and novice investors.

Börse Stuttgart App

Cryptocurrencies Available

Boerse Stuttgart supports 10 cryptocurrencies including Bitcoin (BTC), which is the first and most popularly traded cryptocurrency, and Bitcoin Cash (BCH), a derivative of Bitcoin that allows for faster and cheaper transactions. Ethereum (ETH), another widely traded and decentralized platform, is also supported. Litecoin (LTC), referred to as 'silver to Bitcoin's gold', is available, offering faster processing times.

As part of newer and promising cryptocurrencies, Boerse Stuttgart also supports Cardano (ADA), Chainlink (LINK), Polkadot (DOT), Solana (SOL), and Uniswap (UNI). Ripple (XRP), a digital payment protocol that allows for fast, direct transfers, is supported as well.

How to Open an Account?

The registration process for Boerse Stuttgart can be broken down into six steps:

1. Visit the Boerse Stuttgart website and click on the “Registeration” button to begin the registration process.

click on the Registeration button

2. Fill in your personal details such as your name, email address, and password. Make sure to choose a strong and secure password.

Fill in the required personal information

3. Verify your email address by clicking on the verification link sent to your registered email.

4. Provide additional information such as your address, phone number, and date of birth to complete the account verification process.

5. Link your bank account to your Boerse Stuttgart account by providing the necessary banking details.

6. Review and agree to the terms and conditions set by Boerse Stuttgart before submitting your registration.

Following these steps will allow you to successfully register an account with Boerse Stuttgart and begin your cryptocurrency trading journey.

Fees

Boerse Stuttgart operates with a clear and transparent fee structure for its users. Its cost system is primarily divided into two categories: Maker order and Taker order.

Maker orders, which add liquidity to the market, are charged a relative transaction fee of 0.20% of the total trade volume. On the other hand, Taker orders, which take liquidity from the market, are subject to a slightly higher fee of 0.35% of the transaction volume. Regardless of the type of order, a minimum transaction fee of 0.01 Euros per order is applicable.

Importantly, Boerse Stuttgart takes a user-centric approach by waiving off any additional charges for transacting the euro amounts and cryptocurrencies, as well as for their storage. This fee structure allows users to conduct their trading activities without worrying about unexpected or hidden costs.

Fees

Deposits & Withdrawals

Boerse Stuttgart provides its users with a variety of payment methods designed to suit their needs and preferences.

One such method is a traditional bank transfer, which is universally accessible and enables direct transfers from a user's personal bank account to their Boerse Stuttgart account.

Additionally, users can opt to make payments using cryptocurrencies, allowing those with existing digital assets to directly invest or trade without the need for converting to fiat currencies.

Users can also make use of the SEPA (Single Euro Payments Area) transfer, a payment-integration initiative of the European Union that allows for efficient cross-border transfers between European bank accounts.

Educational Resources

Boerse Stuttgart upholds a strong focus on education, providing a variety of resources aimed at helping its users navigate the platform and understand the ins and outs of crypto trading.

The platform offers the BSDEX Academy, a learning hub dedicated to educating users on a multitude of topics, ranging from basic cryptocurrency knowledge to advanced trading strategies. This ensures that both novice traders and seasoned veterans have access to valuable information that can aid in their trading decisions.

Educational Resources

To further assist understanding, a comprehensive glossary is provided, helping users to demystify complex terms or jargon often used in the crypto world.

Educational Resources

Additionally, an extensive FAQ section addresses common questions and issues users might come across while using the platform.

Together, these educational resources work synergistically to empower users with the knowledge and insights necessary for successful trading.

Is Boerse Stuttgart a Good Exchange for You?

Investing in Boerse Stuttgart's might be suitable for several types of investors, primarily those with a high risk tolerance due to the volatile nature of cryptocurrencies. These could include:

Tech-savvy Retail Investors: Individuals who understand blockchain and cryptocurrency technologies and are willing to assume the high risk associated with such investments.

Institutional Investors: Institutions like hedge funds, mutual funds and venture capital firms that have an interest in digital assets.

Blockchain and Crypto-specific funds: These funds are explicitly built for investing in digital assets and blockchain-related firms and infrastructures.

High Net Worth Individuals (HNWIs) with Interest in Crypto: Wealthy individuals who have an interest in diversifying their portfolio with crypto.

Cryptocurrency Traders: Active traders who buy and sell cryptocurrencies for profit.

Again, investing in cryptocurrencies can have great rewards but also comes with significant risks due to price volatility, so it is important to conduct thorough research, consider seeking expert advice, and only invest what one can afford to lose.

FAQs

Q: What are the trading fees on Boerse Stuttgart?

A: Boerse Stuttgart's trading fees are 0.2% for make and 0.35% for taker.

Q: Are there any fees for cryptocurrency deposits on Boerse Stuttgart?

A: Boerse Stuttgart does not charge any fees for cryptocurrency deposits. However, there may be fees for fiat currency deposits and withdrawals, depending on the payment method and the user's bank.

Q: What should I consider before using Boerse Stuttgart?

A: Before using Boerse Stuttgart, it is important to consider factors such as trading fees, deposit/withdrawal fees, available educational resources, customer support, and individual trading goals. Thorough research is recommended to make an informed decision.

User Review

User 1:“Yo, I gotta say, Boerse Stuttgart crypto exchange is fire! First off, the security here is on point, man. They got all these encryption measures and two-factor auth, so I feel hella safe. Plus, they comply with all the regulations, so no shady business going on. The interface is dope too, super user-friendly and intuitive. And let me tell you about the liquidity, bro, its insane! You can easily buy and sell your cryptos without any hiccups. They support a wide range of cryptocurrencies too, so you can diversify your portfolio like a pro. If you ever need help, their customer support is top-notch, always quick to respond and super helpful. Only downside? The trading fees are a bit high, but hey, you gotta pay for quality, right?”

User 2: “Man, I had a terrible experience with Boerse Stuttgart crypto exchange. First off, their regulation game is weak. I don‘t trust them with my hard-earned money, you know what I’m saying? And the interface, ugh, it‘s clunky and confusing as hell. I couldn’t figure out how to place an order for the life of me. Liquidity? Forget about it! Trying to buy or sell anything was like pulling teeth. And don‘t even get me started on the limited variety of cryptocurrencies available. It’s like they only support the mainstream ones. Customer support? Non-existent. I sent them like a gazillion emails, and all I got was crickets. Plus, the trading fees are outrageous, man. They‘ll bleed you dry. Overall, it’s a hot mess, stay away!”

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.