How to Trade Bonk (BONK) in Germany

From Germany, exposure to Bonk runs through a USDC-settled perpetual.

Is Bonk trading legal in Germany?

Spot crypto is legal and the service side is licensed: since MiCAR applies, crypto-asset service providers need an authorisation, and BaFin runs that procedure together with the Deutsche Bundesbank, with the national Kryptomärkteaufsichtsgesetz (KMAG) and the 2025 delegated and implementing regulations filling in the detail. Holding, buying and selling crypto as a retail investor is unrestricted.

Leveraged derivatives are treated as a consumer-protection problem instead. Under a product intervention BaFin ordered a general prohibition on marketing, distributing and selling contracts for difference to retail clients, lifted only where the provider meets all five protective conditions at once.

What the contract is

The contract itself does not change by geography: a BONK perpetual settles in USDC everywhere.

Sign up on Canborsa with email, X or a wallet

No document upload to open the account. Canborsa is non-custodial: your collateral stays under your own keys until a position opens.

Email X Wallet

Fund the account with USDC

Deposit USDC over Canton, Robinhood Chain, Ethereum, Base, BNB Chain or Arbitrum. Canborsa takes no fiat, so buying the USDC happens wherever you normally buy stablecoins.

→Robinhood Chain

Open BONK-PERP

Pick BONK in the markets list. The ticket shows the live price, the current funding rate and max leverage 10x .

BONK-PERPPerpetual · USDC marginLONG

Choose Buy / Long, then set size and leverage

Buying $1,000 of BONK at 5x uses $200 of collateral. Higher leverage moves the liquidation price closer to your entry: your exposure is the position size, whatever margin you posted. Set a stop-loss below your entry before you walk away.

Section 23 EStG taxes private sale transactions in "other assets" where less than one year passes between acquisition and disposal, at the taxpayer's personal income tax rate; a calendar year whose total private-sale gains stay under EUR 1,000 is exempt.

Trading Bonk from Germany: legal.

Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin).

For Germany residents trading Bonk: Section 23 EStG taxes private sale transactions in "other assets" where less than one year passes between acquisition and disposal, at the taxpayer's personal income tax rate; a calendar year whose total private-sale gains stay under EUR 1,000 is exempt.

Crypto businesses in Germany fall under BaFin's supervision and must comply with all AML and KYC requirements.

14 platforms serve Germany for Bonk trading, among them Aevo, ApeX and Aster.