BISON
Boerse Stuttgart Group app with no transaction fees, a stated average spread of 1.25% on Bitcoin and Ethereum, and German custody
Quick Overview
| Company | EUWAX Aktiengesellschaft |
|---|---|
| Category | Crypto Exchanges |
| Headquarters | Stuttgart, Germany |
| Founded | Not stated |
| EU Presence | Yes - Germany (EU) |
| Data Location | Germany (custody described as in Germany) |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | Bitcoin and 68+ other cryptocurrencies, savings plan, staking, euro account, securities, BISON Select |
| Pricing | No transaction, deposit, withdrawal or custody fees; spread averages 1.25% on Bitcoin and Ethereum and 1.75% on other assets (cost page, 28 Oct 2026) |
| Best For | Beginners who want a German group-backed app with no visible fees |
| Replaces | Coinbase |
Detailed Review
BISON is run under the Boerse Stuttgart Group. The imprint says the website is an offer of EUWAX Aktiengesellschaft in Stuttgart (HRB 19972) and lists BaFin as supervisory authority.
The home page says crypto purchased or deposited is held in fiduciary trust by Boerse Stuttgart Digital Custody GmbH, and counts over 1,060,000 users.
Where the cost sits
The cost page states that BISON charges no fees for transactions, deposits, withdrawals or custody. The price includes a market-standard spread that averages 1.25% for Bitcoin and Ethereum and 1.75% for other cryptocurrencies.
So the cost is in the buy and sell price rather than a line item, which is worth comparing with a flat fee at Finst.
Custody and structure
Trading runs through EUWAX AG, described as the official trading partner, and custody sits with a subsidiary of the same group. This keeps the chain inside German regulated entities.
What else is in the app
Besides trading there are a savings plan, staking, a euro balance and securities. A premium tier called BISON Select is listed in the footer.
Limitations to Consider
A spread averaging 1.25% to 1.75% is higher than the 0.15% to 0.25% explicit fees at Finst or Bitvavo, and the figure is an average that moves with market conditions. The coin list is smaller (Bitcoin and 68+ others). The pages we read do not mention MiCA authorisation by name, only BaFin supervision, so check the current licence status in the terms.
Who Should Use BISON
German-speaking and EU beginners who want a large banking-group brand and do not mind paying through the spread.
Pros and Cons
Pros
- Boerse Stuttgart Group behind it
- No transaction, deposit or custody fees
- Custody by a German subsidiary
- Savings plan and staking
- Imprint names register and supervisor
Cons
- Spread averages 1.25% to 1.75%
- About 70 coins only
- MiCA not named on pages read
- Heavily German-language site structure
Alternatives to BISON
Other European crypto exchanges worth comparing before you decide:
Bitvavo
Netherlands · Euro exchange with 400+ assets and tiered fees
Finst
Netherlands · Flat 0.15% fee per trade with no added spread
Bitpanda
Austria · Crypto, stocks, ETFs and metals in one app
Coinfinity
Austria · Bitcoin platform with savings plans and Lightning
See all European crypto exchanges or compare them directly against Coinbase on our alternatives page.
Frequently Asked Questions
The imprint names EUWAX Aktiengesellschaft in Stuttgart, part of Boerse Stuttgart Group, as provider.
Its cost page says there are no fees for transactions, deposits, withdrawals or custody, but a spread applies that averages 1.25% on Bitcoin and Ethereum.
The home page says they are held in fiduciary trust by Boerse Stuttgart Digital Custody GmbH.