BISON (Boerse Stuttgart Digital Exchange)
BaFin Regulated - High TrustPros
- Fully regulated by German BaFin through Boerse Stuttgart Digital Custody GmbH with MiCAR license providing strong investor protection
- Transparent fee structure with 1.25% spread and no additional trading fees, plus free deposits and withdrawals via SEPA
- Secure custody of crypto assets through regulated institutional-grade cold storage solutions
- Access to over 2,500 stocks and ETFs through regulated Boerse Stuttgart trading platform
- Euro deposits protected up to €100,000 through partnership with Solaris SE and Deutsche Bank AG
- User-friendly mobile app designed specifically for retail investors with simple interface and quick order execution
- Backed by Boerse Stuttgart Group, Germany's second largest stock exchange, providing strong institutional credibility
Cons
- Limited cryptocurrency selection compared to major crypto exchanges
- Only available to European/German residents, restricting global accessibility
- Higher spreads (1.25%) compared to some competitors in the crypto trading space
- No advanced trading features or sophisticated order types for professional traders
- Limited educational resources and trading tools compared to traditional forex brokers
Basic Information
User Reviews
Regulation Analysis
BISON operates under comprehensive German financial regulation through multiple entities within the Boerse Stuttgart Group. The primary entity, Boerse Stuttgart Digital Custody GmbH, holds a MiCAR license from BaFin, authorizing it to provide regulated cryptocurrency custody services. Trading services are provided by EUWAX AG, a BaFin-regulated financial services institution, ensuring compliance with strict German and European financial regulations. Client fund protection is robust, with euro balances held by Solaris SE and Deutsche Bank AG, providing deposit protection up to €100,000 under German banking regulations. Cryptocurrency assets are secured through institutional-grade cold storage solutions under regulated custody arrangements. The platform’s regulatory framework includes strict compliance with German anti-money laundering (AML) and know-your-customer (KYC) requirements. As part of the Boerse Stuttgart Group, BISON benefits from the oversight and operational standards of Germany’s second largest stock exchange, providing additional institutional credibility and security for retail investors.
Trading Products
- Cryptocurrencies: Trading available for major cryptocurrencies including Bitcoin, Ethereum, and other selected digital assets with 24/7 trading access
- Stocks: Access to over 2,500 stocks from major global exchanges, focusing on popular European and international companies
- ETFs: Wide selection of exchange-traded funds available through Boerse Stuttgart’s regulated trading platform
- Trading Hours: 24/7 for cryptocurrency trading, standard exchange hours for stocks and ETFs
- Leverage: No leverage offered, focusing on spot trading only
- Spreads: Fixed 1.25% spread across all cryptocurrency trades, competitive spreads for stocks and ETFs
Trading Platforms
BISON provides a proprietary mobile-first trading platform designed specifically for retail investors. The platform features include:
- Mobile App: Native iOS and Android applications with intuitive interface, real-time price updates, and secure authentication
- Web Platform: Browser-based trading platform accessible from any device
- Trading Features: Basic order types including market and limit orders, real-time price charts, portfolio overview
- Security Features: Two-factor authentication, biometric login support, encrypted communications
- User Interface: Simplified design focused on easy navigation and quick trade execution
- Market Data: Real-time cryptocurrency prices and stock market data from Boerse Stuttgart
Deposit and Withdrawal
- Deposit Methods: SEPA bank transfers for EUR deposits, no fees charged
- Cryptocurrency Deposits: Direct crypto deposits supported for supported assets
- Processing Times: SEPA transfers typically processed within 1-2 business days
- Withdrawal Methods: SEPA transfers for EUR, cryptocurrency withdrawals to external wallets
- Withdrawal Processing: Standard processing time 1-3 business days for SEPA withdrawals
- Fees: No deposit or withdrawal fees charged by BISON
- Verification Requirements: Full KYC verification required including ID and proof of address documentation
- Currencies: EUR as base currency for fiat transactions
Customer Support
BISON provides customer support through multiple channels:
- Email Support: Available through support@bisonapp.com with response times typically within 24 hours
- In-App Support: Direct support access through the mobile application
- Languages: German and English support available
- Hours: Support available during standard European business hours
- Knowledge Base: Comprehensive FAQ section and help articles available through the website
- Response Quality: Professional support team with knowledge of both cryptocurrency and traditional financial markets
FAQ
Q: Is BISON a regulated and safe platform for trading?
A: Yes, BISON is fully regulated by BaFin through multiple entities within the Boerse Stuttgart Group. The platform offers institutional-grade security for both cryptocurrency and traditional asset trading, with regulated custody solutions and deposit protection up to €100,000 for euro balances.
Q: What are the trading fees on BISON?
A: BISON charges a fixed 1.25% spread on cryptocurrency trades with no additional trading fees. There are no deposit or withdrawal fees, and all custody services are provided free of charge.
Q: Who can open an account with BISON?
A: BISON services are primarily available to residents of Germany and select European countries who can complete the required KYC verification process. Users must be at least 18 years old and provide valid identification documents.
Q: How are crypto assets secured on BISON?
A: Cryptocurrency assets are secured through regulated custody services provided by Boerse Stuttgart Digital Custody GmbH, utilizing institutional-grade cold storage solutions. The custody service is licensed by BaFin under MiCAR regulations.