Trade Republic vs Wirex: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Trade Republic and Wirex This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on September 3, 2025

Trade Republic

Wirex

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Available Countries

United States

Europe

Yes

Latin America

India

China

Canada

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

India

China

Yes

Canada

Yes

United Kingdom

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Trade Republic is ideal if:

Perfect for mobile-first, long-term investors, offering automated savings plans and a clean, intuitive app for easy investing across stocks, ETFs, bonds, and crypto.
Well-suited for cost-conscious beginners, thanks to its ultra-transparent pricing—low flat fees or commission-free ETFs—and interest on idle cash for more consistent value preservation.
Reliable and secure choice, operating under strong German regulation with a full banking license and EU deposit protection, making it a trustworthy platform for building your portfolio gradually.

Wirex is ideal if:

Seamless multi-currency spending: Manage both crypto and fiat in one app, with real-time conversions and no FX charges whenever you use the Wirex debit card—even abroad.
Simple yet rewarding daily use: Tap into automated rewards like crypto cashback and easy-to-use savings tools, all wrapped in an intuitive, user-friendly interface built for everyday transactions.
Straightforward crypto access: Buy, store, exchange, and spend top cryptocurrencies—all in a unified, mobile-first platform that minimizes complexity for regular users.

Trade Republic isn’t ideal if:

Not suited for active or technical traders — lacks advanced charting tools, desktop platform, algorithmic functions, and sophisticated order types.
Mobile-only design can be limiting — web interface is simplified, and recent app updates have frustrated users with reduced intuitiveness.
Customer support has known weaknesses — historical delays and limited responsiveness during critical market moments can disappoint when you need help quickly.

Wirex isn’t ideal if:

Not for heavy institutional users: Transaction and ATM withdrawal caps may frustrate those handling large volumes or needing high-limit flexibility.
Limited appeal for advanced traders: The platform focuses on simplicity and lacks deep trading tools or broad asset variety for seasoned crypto professionals.
Potential support or availability hurdles: Region-based restrictions and occasional delays in resolving account issues could hinder seamless access and smooth customer service.

Fees & Total Costs

Spot Maker/Take

Trade Republic applies a flat fee per crypto trade rather than calculating traditional maker or taker fees by volume, and there are currently no discounts tied to a native token.

Wirex applies a flat trading fee—both maker and taker orders on spot are charged the same rate of approximately 0.20 % per trade, with no tiered volume discounts or token-based reductions.

Futures/Derivatives

Trade Republic currently focuses on spot instruments and does not support futures or derivatives trading, so these fee categories aren’t applicable.

Wirex does not offer futures or derivatives trading, so maker, taker, or funding rate data are not applicable.

Average Spreads on Liquid Pairs

Trade Republic incorporates a modest spread built into the quoted prices for crypto trades, meaning the market’s buy/sell difference serves as an implicit cost rather than a separately disclosed spread.

Wirex sources liquidity via over-the-counter or interbank channels, offering exchange rates that reflect market-leading rates with competitive—but variable—spreads depending on live liquidity.

Fiat Deposits & Withdrawals

Fiat deposits and withdrawals are generally routed through bank transfers or debit/credit options, with minimal or no platform fees, and typically process within a couple of business days depending on your region.

Fiat funding methods include free SEPA (EUR), Faster Payments (GBP), ACH (US), and PIX (Brazil), with fast processing time and no fees, while card top-ups typically incur around a 1 % charge depending on region.

On-chain Withdrawals

Trade Republic does not allow direct blockchain withdrawals of crypto—meaning there is no mechanism to withdraw on-chain and no associated network fees.

Wirex does not charge its own fee; however, external wallet transfers are subject to network fees only, which fluctuate based on blockchain congestion.

Hidden Costs

Trade Republic maintains transparency, with no inactivity charges or surprise costs; currency conversion may apply if trading in a different base currency, and express KYC options aren’t separately priced.

Potential indirect costs include exchange rate margins on OTC conversions, fees for card top-ups from credit/debit cards, and an administrative fee (around GBP 30) for account closures that violate terms—these are not always obvious upfront.

Real-World Cost Example: “€500 BTC

If you place a €500 crypto order, you’ll incur the flat execution fee and a small built-in price gap from the spread; since crypto cannot be withdrawn on-chain, there’s no actual withdrawal cost, keeping the transaction clear of extra recurring charges.

For a €500 BTC purchase, you’d pay a spot trading fee of ~0.20 %, plus live OTC spread embedded in the rate—if you then withdraw BTC on-chain, you’d pay only the blockchain’s variable fee (Wirex doesn’t add extra charges).

Crypto Offering & Trading Features

Number of Coins & Pairs

Trade Republic offers over 50 cryptocurrencies for direct trading, including all major assets like Bitcoin, Ethereum, Cardano, Solana, and others; the top 20 by volume approximate include these leading names plus others like XRP, TRX, LINK, DOT, and LTC.

Wirex supports around 30–37 cryptocurrencies globally (and about 9 on its dedicated exchange), including Bitcoin, Ethereum, Litecoin, Dai, Nano, XRP, Stellar, Waves, and WXT; the top 20 pairs by volume would naturally include those with major liquidity like BTC/USD, ETH/USD, and other mainstream tokens.

Product Range

Trade Republic supports only straightforward spot trading of real crypto assets, with automated investment plans (DCA-style) available—margin, perpetuals, options, lending, copy trading, grid bots, staking, and crypto ETFs aren’t offered.

The platform is built around spot trading, flexible earning products like X-Accounts and DUO (short-term fixed-return pools), crypto-to-fiat spending via its debit card, and multi-currency wallets—but it does not offer margin, perpetuals, options, ETFs, copy trading, grid bots, or DCA automation.

Liquidity

Liquidity on Trade Republic is moderate—enough for retail-sized crypto purchases in BTC and ETH—but it doesn’t cater to high-volume trading or offer transparent order book depth like institutional-grade exchanges.

Wirex uses OTC and interbank channels for liquidity, offering live market rates with generally smooth execution—but it does not publicly publish 24-hour trading volume or detailed order book depth for BTC or ETH.

Tools

The platform supports basic order types such as market, limit, and stop, along with price alerts, but lacks advanced charting, API/WebSocket access, or native TradingView integration for algorithmic or technical-heavy traders.

Users get a mobile-optimized interface with basic order types (market, limit), real-time charts, price alerts, but there’s no advanced charting like native TradingView, nor official API or WebSocket endpoints for automation.

Geographic Restrictions by Product

Crypto trading is available only in certain European markets and is limited to spot; derivatives and advanced instruments are simply unavailable in most regions, and there are no special terrains where alternative products are accessible.

Derivatives and advanced trading features are limited or unavailable in certain regions—for example, U.S. users have access only to basic crypto buying/selling and wallet functions; higher-tier products remain restricted based on local regulatory allowances.

Innovation

While Trade Republic brings ease and innovation through automated savings plans and a clean mobile interface, it doesn’t offer features like launchpads, launchpools, or staking/earn programs—whether flexible or locked—so innovation remains focused on usability rather than asset-side experimentation.

Wirex offers investment innovations like X-Accounts for flexible interest and DUO for fixed-return digital pair products; it also integrates cashback with its card and live OTC rates, but it doesn’t feature launchpads, launchpools, or staking in the traditional sense.

Security, Regulation & Custody

Operating Entity & Jurisdiction

Trade Republic operates under Trade Republic Bank GmbH, a German company founded in 2015 with headquarters in Berlin, fully integrated as a banking institution.

Wirex’s legal structure includes distinct entities such as Wirex Limited (established in the UK), Wirex USA Inc. (Delaware), Wirex Australia Pty Ltd (Sydney), and others; the original parent company dates back to 2014.

Licenses/Registration

The platform holds full banking licenses in Germany and has obtained a MiCA crypto-assets license via BaFin, enabling compliant crypto custody and trading across the entire EEA.

Wirex is regulated for fiat services—for example, Electronic Money Regulation permissions via the UK’s FCA and registration with AUSTRAC in Australia—while crypto service operations adhere to AML and fraud prevention norms even when crypto licensing is not applicable.

Custody

Crypto assets are securely held by BitGo Europe GmbH in cold storage under BaFin regulation, ensuring that client holdings remain separated and fully owned by the user.

Funds are held using Fireblocks’ MPC-based wallet infrastructure with multi-signature and time-locked withdrawals; most crypto assets are kept in secure cold storage; although formal Proof of Reserves or detailed audit reports are not publicly disclosed.

Insurance & Protection Funds

Fiat deposits are safeguarded via the German deposit guarantee scheme up to €100,000 per client, while crypto assets are kept segregated in custody, though not formally insured by an additional fund.

No public insurance scheme is mentioned for digital assets, nor a segregated compensation fund; protection stems largely from internal fraud detection systems and robust custody protocols.

Incident History

Trade Republic has maintained a clean incident record with no reported hacks, account freezes, or regulatory penalties tied to its operations or crypto services.

There are no public records of successful hacks or major service suspensions; Wirex has maintained a clean security track record without regulatory fines or platform-wide freezing incidents.

Risk Controls

Security measures focus on core protections like two-factor authentication and awareness of phishing threats; advanced features such as whitelisting, subaccounts, and sophisticated API permissioning are not offered.

Security tools include mandatory 2FA, strong customer authentication, device whitelisting, biometric and PIN locks, multi-signature approval on large transfers, dark web monitoring, and automated fraud risk detection systems.

Transparency

While Trade Republic delivers clear regulatory disclosures and maintains user ownership clarity, it does not publish monthly proofs of reserves, operate public wallets, or provide service-level agreements in crypto.

While Wirex regularly undergoes third-party security audits and maintains compliance standards like ISO 27001 and PCI DSS, it doesn’t publish monthly proof-of-reserve statements or public wallet addresses, and there’s no explicit SLA visible for uptime or service responsiveness.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

Trade Republic accepts fiat deposits via bank transfer only—no card or e-wallet options—which ensures security and simplicity; there’s no minimum deposit requirement, processing typically takes a few business days, and there are no platform fees.

Wirex allows fiat funding through bank transfers (including IBAN for EUR and SEPA, Faster Payments for GBP), debit/credit cards, and select e-wallets—amount thresholds and processing times vary by region, with card top-ups processed instantly and bank transfers typically completing within 1–2 business days.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

You must complete full KYC upon registration—there are no tiered or anonymous levels; the app handles identity verification through ID and photo checks, enabling full trading access without low-volume restrictions.

Wirex uses a tiered verification approach—unverified accounts offer minimal functionality, while verified users (identity verified) gain access to higher transaction and funding limits aligned with regional regulatory standards.

Withdrawals

Fiat withdrawals are executed via SEPA bank transfer—fees are zero and funds typically arrive within one to two business days; crypto withdrawals to external networks are not permitted at all.

Fiat withdrawals are subject to regional limits and processing speeds, while on-chain crypto withdrawals utilize standard blockchain networks (e.g., BTC, ETH via their native chains), with processing time and fees set by the network and no added Wirex fee.

Customer Support

Support is available through in-app chat and email, with response times generally ranging from one to two business days, complemented by a self-help knowledge base—no telephone hotlines or 24/7 live chat available.

Support is available via email and an in-app help center; response times vary by inquiry but typically range from a few hours to a business day, complemented by an extensive knowledge base for self-service. (No direct citation possible but based on platform structure)

Languages & Localization

The app supports Spanish (among other languages) depending on your device settings, displays all fees in euros, and operates under local compliance frameworks—offering a well-localized experience for Spanish-speaking EU users.

Wirex operates primarily in English but displays amounts and communicates in local currencies (€, $, £, etc.), and the platform adapts to regulatory requirements per region to ensure compliance and clarity for local users.

App Quality & Stability

The mobile app is highly rated for stability and ease of use, with a smooth interface and regular updates; user-reported crash instances are rare and generally tied to extreme market conditions.

The mobile app is polished and stable—no widespread outage or crash issues reported recently—with active maintenance and updates, and real-time system health monitoring indicating consistent operational performance.

Experience, Performance & Ecosystem

UX/UI

Trade Republic offers a clean, intuitive mobile-first interface ideal for newcomers, with no separate Lite or Pro modes—every user sees the same simple layout, making it easy to start investing quickly.

Wirex delivers a clean, mobile-first interface that’s intuitive for beginners; it doesn’t offer distinct “Lite” or “Pro” modes, instead keeping a single streamlined layout that balances simplicity with access to core tools.

Performance

Orders execute swiftly under normal conditions, though there have been occasional glitches during high-volatility periods; the streamlined mobile app keeps the user flow smooth, and KYC queues remain minimal—even during bull markets, new users typically onboard quickly.

Order execution is generally swift with low latency under normal conditions, though during sudden market surges the simplistic UI may lag slightly; identity verification queues can become longer when crypto markets heat up, potentially delaying account activation.

Education

While the platform includes helpful in-app guides and tooltips, it lacks a formal academy, demo account, or simulator; however, many UI elements and descriptions are available in Spanish to assist native speakers.

Wirex doesn’t offer a dedicated academy or trading simulator, but supports learning through blog guides, help articles, and statement exports to feed into tax platforms—though resources in Spanish remain limited compared to English.

Community

Trade Republic doesn’t maintain its own public forums or chat channels, but offers a user-friendly referral program within the app, encouraging word-of-mouth growth over open community engagement.

Wirex fosters engagement through its built-in referral program—users earn rewards when referred contacts deposit into X-Account Plus—and maintains active presence via its blog and help center, but it lacks a branded Discord or Telegram community forum.

Integrations

The platform doesn’t support external integrations—no TradingView, bots, tax tools, or accounting systems—so all activity is contained within the app’s native ecosystem.

While Wirex doesn’t embed TradingView or support external trading bots, it enables export of transaction data and supports seamless integration with tax tools like Koinly and Blockpit for accounting and tax filing.

Who Each One Is Best For

This tool shines for cost-conscious, long-term investors who value simplicity and automation—especially beginners or casual users looking for a fuss-free, mobile-first way to build a diversified portfolio over time.

Wirex suits everyday users who want crypto integrated into daily finance—spending, saving, and simple investing—rather than power users seeking advanced charting, bots, or simulation tools.