DekaBank Reveals Sparkasse Crypto Fees: €0.99 per Order, but Your Own Hardware Wallet Is Blocked
- —Flat €0.99 fee per buy and sell, no minimum order, €250,000 maximum per transaction
- —The flat fee equals 3.96% on a €25 order and 0.099% on a €1,000 order
- —Trading runs on a request-for-quote model: market reference price plus an undisclosed DekaBank spread
- —Delivery is allowed only to approved CASP addresses; self-custody hardware wallets are blocked
Why it matters: A major German bank entering crypto with an opaque spread and a self-custody ban sets a precedent for the EU retail market.
Source: CryptoTicker