Exceeded

Score

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/10

BSDEX

Germany

|

2-5 years

Common Financial Service License|

Suspicious Overrun|

Medium potential risk

https://www.bsdex.de/en/

Website

Rating Index
Influence

Influence

B

Influence Index NO.1

Germany 4.38

Better than 99.35% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
B

Licenses

BaFin

BaFinExceeded

Common Financial Service License

Exchange Info

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Company Name
BSDEX
Phone of the company
--
Facebook
--
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Customer Service Email Address
support@bsdex.de

WikiBit Risk Alerts

1
Previous Detection 2024-04-25

Common Financial Service License goes beyond their business with the licenses Germany BaFin (license number: 156958), please be aware of the risk!

Website

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Time Machine

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User Reviews

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1 ratings

Participate in evaluation
FX1113042782
The security of BSDEX is very worrying! There is often a risk of funds being stolen. Its KYC process is also too cumbersome and troublesome!
2024-04-03 13:05
10
Feature Details
Company Name Börse Stuttgart
Registered Country/Area Germany
Founded Year 1860
Regulatory Authority BaFin (Federal Financial Supervisory Authority)
Cryptocurrencies Offered/Available Bitcoin (BTC), Ethereum (ETH)
Maximum Leverage 1:05
Trading Platforms BISON
Deposit & Withdrawal Bank Transfer, Credit/Debit Cards
Educational Resources Online tutorials, educational articles
Customer Support Email, phone

Overview of Börse Stuttgart

basic-info

Börse Stuttgart, based in Germany, is a prominent virtual currency exchange that has been operating since its establishment in 1860. As a regulated platform, it operates under the supervision of BaFin (Federal Financial Supervisory Authority).

The exchange offers a selection of cryptocurrencies for trading, including Bitcoin (BTC) and Ethereum (ETH). With a maximum leverage of 1:5, traders have the opportunity to amplify their positions.

Börse Stuttgart provides a user-friendly trading platform called BISON, where users can easily execute their trades. Additionally, the exchange supports convenient methods for deposit and withdrawal, including bank transfers and credit/debit cards.

To cater to the educational needs of its users, Börse Stuttgart offers various resources such as online tutorials and educational articles. These resources help traders navigate the complexities of virtual currency trading and make informed decisions.

In terms of customer support, Börse Stuttgart offers assistance through email and phone. Users can reach out to the exchange's representatives for any inquiries or issues they may encounter.

Overall, Börse Stuttgart has established itself as a reputable and reliable virtual currency exchange, providing a secure and user-friendly platform for traders to engage in cryptocurrency trading.

Regulatory Authority

Börse Stuttgart operates under the regulatory oversight of the Federal Financial Supervisory Authority (BaFin). The exchange holds the regulation number 156958 and has exceeded regulatory requirements, demonstrating its compliance with necessary standards. It holds a Common Financial Service License, and the license name is Baden-Württembergische Wertpapierbörse GmbH.

regulation

Security

Börse Stuttgart prioritizes platform security and user protection. They use encryption technology, strict authentication processes, and follow best practices to safeguard user data and assets. User feedback generally indicates reliability and trustworthiness. However, users should still take precautions, like using two-factor authentication and strong passwords. No exchange is completely immune to security risks, so staying informed and taking personal responsibility for fund protection is important.

Cryptocurrencies available

Börse Stuttgart offers a selection of cryptocurrencies for trading, including Bitcoin (BTC) and Ethereum (ETH). These digital assets are subject to price fluctuations on the exchange, which are influenced by market demand and supply dynamics. The prices of cryptocurrencies can vary across different exchanges due to factors such as trading volume, liquidity, and market sentiment.

In addition to cryptocurrencies, Börse Stuttgart may offer other products or services related to virtual currency trading. However, it is important to note that the specific details of these additional offerings, such as derivatives or investment products, are not explicitly mentioned in the provided information. Therefore, further research or consultation with Börse Stuttgart would be needed to obtain a comprehensive understanding of the exchange's full range of products and services.

How to open an account?

The registration process for Börse Stuttgart can be broken down into the following steps:

  • Visit the official website of Börse Stuttgart and click on the “Register” button to initiate the registration process.

    open-account
  • 2. Fill in the required personal information, such as your full name, email address, and password, in the provided registration form.

    3. Read and accept the terms and conditions of Börse Stuttgart by checking the appropriate box.

    4. Verify your email address by clicking on the verification link sent to the email you provided during registration.

    5. Complete the identity verification process by providing the necessary documents, such as a copy of your identification card or passport, as requested by Börse Stuttgart.

    6. Wait for the verification process to be completed, which may take a few business days. Once approved, you will receive a confirmation email notifying you that your account has been successfully registered.

    open-account

    Fees

    BSDEX places a strong emphasis on cost transparency to differentiate itself in the digital currency trading space. This includes providing clear information on transaction fees and using explanatory examples in their terms and conditions.

    To better understand the cost structure, it is important to distinguish between maker orders and taker orders. Taker orders are executed immediately against existing orders in the order book. Maker orders, on the other hand, are not immediately executed and are instead added to the order book.

    By providing this distinction and explaining the process, BSDEX aims to ensure that users have a clear understanding of the costs associated with their transactions on the platform.

    Items Maker order Taker order
    Relative transaction fee 0.20%of transaction volume 0.35%of transaction volume
    Minimum transaction fee 0.01 €per order 0.01 €per order

    Furthermore, there are no additional charges for transacting with euro amounts and cryptocurrencies, as well as for the storage of these assets.

    Deposit & Withdrawal

    Börse Stuttgart is dedicated to offering a diverse range of deposit and withdrawal methods, including options like bank transfers and credit/debit cards.

    Customer Support

    Börse Stuttgart provides customer support through email and phone.

    customer-support

    Is Börse Stuttgart a Good Exchange for You?

    Börse Stuttgart is suitable for various trading groups. For beginners, their user-friendly trading platform BISON allows easy access to virtual currency trading. The availability of educational resources like online tutorials and articles supports informed decision-making. This makes Börse Stuttgart attractive to newcomers who seek educational support. Additionally, their wide range of cryptocurrencies, including Bitcoin and Ethereum, offers options for diversification. The maximum leverage of 1:5 may also appeal to traders looking to maximize their profits.

    User Reviews

    User 1

    “The BISON trading platform provided by Börse Stuttgart is incredibly user-friendly, making it perfect for beginners. The abundance of educational resources has helped me gain more knowledge and confidence in virtual currency trading. I‘m highly satisfied with the support and services they offer. I love the diverse selection of cryptocurrencies offered by Börse Stuttgart, which allows for easy portfolio diversification. The maximum leverage of 1:5 is also attractive for ramping up potential profits. Overall, I’m quite pleased with the exchange.”

    User 2

    “The experience of trading virtual currencies on Börse Stuttgart is generally good, but I would appreciate more digital assets and alternative payment options on the platform. Customer support response times can sometimes be a bit slow, but it remains a reliable exchange. As an experienced trader, I find that Börse Stuttgart‘s trading platform is robust and easy to navigate. The market data and analysis tools provided assist me in making informed trading decisions. I’m satisfied with their services and overall trading experience.”

    Conclusion

    In conclusion, Börse Stuttgart prioritizes the security of its platform and offers a selection of cryptocurrencies for trading, such as Bitcoin and Ethereum. While the exchange is generally regarded as reliable and trustworthy, it is important for users to exercise caution and follow recommended security practices.

    FAQs

    Q: What cryptocurrencies are available for trading on Börse Stuttgart?

    A: Börse Stuttgart offers a range of cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), for trading.

    Q: How can I register an account on Börse Stuttgart?

    A: To register on Börse Stuttgart, you need to visit their official website and click on the “Register” button. Then, you fill out the registration form with your personal information, read and accept the terms and conditions, verify your email address, and complete the identity verification process.

    Q: What deposit and withdrawal methods are supported by Börse Stuttgart?

    A: Börse Stuttgart supports various deposit and withdrawal methods, including bank transfers and credit/debit cards. However, the specific processing time for these methods is not mentioned.

    Q: What are the available contact channels for Börse Stuttgart's customer support?

    A: Börse Stuttgart provides customer support through email and phone.

    Q: Who is Börse Stuttgart suitable for?

    A: Börse Stuttgart can be suitable for beginners or less experienced traders who can benefit from the user-friendly trading platform and educational resources. It may also appeal to traders looking for a diversified portfolio with options for trading various cryptocurrencies.

    Q: Are there any controversies surrounding Börse Stuttgart?

    A: The provided information does not include any details about controversies or negative incidents involving Börse Stuttgart.

    Q: What are the advantages and disadvantages of Börse Stuttgart?

    A: While Börse Stuttgart prioritizes platform security and offers a selection of cryptocurrencies for trading, the specific advantages and disadvantages of the exchange are not provided in the given information.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.