Crypto in the Scalable Broker
Trade Crypto the easy way
Don't let taxes take your profits. With Scalable Crypto, invest in Bitcoin, Ethereum and many other cryptocurrencies via ETPs, benefiting from the advantageous 26% tax rate.
Cryptocurrencies involve high risks.
Scalable Capital does not provide tax advice.
Tax treatment is individual and can change.
Trade crypto like stocks and ETFs
Start trading crypto from just €1 without the need for an additional wallet. Also available with staking rewards.
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Invest in a cryptocurrency of your choice |
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Start small, from just €1 |
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Crypto trading via ETPs on regulated exchanges |
Why choose ETPs instead of direct crypto purchases?
In Italy, the way you invest in cryptocurrencies today determines how much you can earn tomorrow. Investing in crypto with Scalable Capital is not only easier, it’s also more tax-efficient under the current Italian tax rules.
1. The 26% advantage (vs 33%)
While capital gains on directly held cryptocurrencies (on exchanges or wallets) are taxed at 33%, crypto ETPs (Exchange Traded Products) traded on regulated exchanges maintain the 26% rate.
- Example of taxation on a €1,000 gain:
- With an crypto wallet/exchange (33%): Your net profit is €670
- With crypto ETPs (26%): Your net profit is €740
- Result: you earn 10.4% more for the same market performance.
2. Offsetting capital losses
Unlike direct crypto, crypto ETPs generate "other income" (redditi diversi). This means you can use any losses (capital losses) accumulated with stocks or other securities to reduce the taxes on your crypto profits. An efficiency that traditional exchanges cannot offer you.
Comparison at a glance
Traditional exchanges |
Scalable Crypto (ETP) |
|
Capital gains tax |
33%1 |
26% |
Tax efficiency |
Limited |
High |
Security & custody |
User-managed crypto custody |
Bank-grade custody, |
Simplicity |
Crypto-specific platform |
All-in-one investing app |
1 With the exception of Euro-pegged stablecoins (E-Money Tokens), which benefit from a preferential 26% tax rate provided they comply with MiCAR regulations.
Popular crypto ETPs in the Scalable Broker
These crypto ETPs are currently frequently traded.
Trade 32 cryptocurrencies with Scalable Broker, including:
ETPs enable secure crypto trading
Trading cryptocurrencies via exchange-traded products (ETPs) offers several
advantages compared to a direct investment.
What are Crypto ETPs?
Crypto ETPs (exchange-traded products) are exchange-traded securities that track the value of cryptocurrencies. The investor receives a claim to a payment or to the delivery of an underlying by the issuer. This allows investors to participate in the price changes of a crypto currency without the need for a dedicated crypto wallet.
Easy access
ETPs allow for participation in the cryptocurrency market without the need to directly purchase and store digital assets, which can be a complex and risky process.
Regulation
ETPs are traded on regulated exchanges, providing investors with access to a regulated marketplace and potentially lowering the counterparty risk.
Liquidity
Trading crypto via ETPs offers liquidity and ease of trading, allowing investors to buy and sell positions during market hours without the need for a cryptocurrency wallet or managing private keys.
Custody
Your crypto ETPs are held securely in your securities account at Scalable Capital. The ETP issuer takes over the custody of the cryptocurrencies. Thereby, the underlying cryptocurrencies are physically deposited with crypto custodians.
Invest in crypto at low costs
Choose the price plan that suits your needs. With PRIME+ you get a flat rate for all trades from €250 and benefit from lower spread surcharges of 0.69%.
FREE |
PRIME+ |
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Costs Product costs, spreads, crypto fees and/or inducements may apply. |
€0.99 / Trade2 |
0,00 € / Trade2 |
Spread surcharge |
0.99% |
0.69% |
2 PRIME+ Broker: €0 for trades of €250 or more, otherwise €0.99. FREE Broker: €0 for purchases of PRIME ETFs (all Invesco, iShares, Xtrackers ETFs) of €250 or more, otherwise €0.99. All brokerage models: €0 for savings plan executions. Crypto fees, product costs, spreads and/or inducements may apply.
A detailed breakdown of all fees and costs can be found in our Client Documentation (List of Prices and Services and Cost Information)(Broker) documents.
Risks in trading with cryptocurrencies
- Cryptocurrencies are subject to particularly high price fluctuations. Investors can therefore suffer considerable losses within a very short time (market price risk).
- Immediate tradability cannot be guaranteed. Investors may not be able to sell their positions immediately or only by realising a significant price loss (liquidity risk).
- The cryptocurrencies held by the issuers as collateral are stored in wallets by securing private cryptographic keys. Loss of or improper handling of these keys may result in the complete loss of the ability to access the crypto holdings. Lost, unsecured keys cannot be recovered, which may result in losses for the investor (custody risk).
- At Scalable Broker, exchange-traded securities (exchange-traded products, or ETPs for short) are offered that track the value of cryptocurrencies. These products are bearer bonds of the issuer. The investor thereby receives a claim to a payment or to the delivery of an underlying by the issuer. Should the issuer become insolvent and a possible collateralisation of the product not be of value, the investor can thus suffer a considerable loss up to a total loss (issuer risk).
- There is also the risk that access to cryptocurrencies is influenced by changing political, legal and regulatory framework conditions. This can have an impact on the value and tradability of cryptocurrencies (legal and political risks).
Scalable Capital does not provide tax advice. Tax treatment is individual and can change.
