Coinbase
vs
Binance
Crypto exchanges
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Bitpanda

Features

Feature Overview

Real Coins
Yes
Transferable to own wallet
Yes
Savings plan
Yes
Staking
Yes
NFT Marketplace
No
Tradingtools
Yes
Two-factor authentication
Yes
Deposit protection
No
Available for US users?
No

Unique Features

  • Crypto debit card (Visa)
  • Crypto indices
  • Monthly savings plan

Tradable Assets

  • Cryptocurrencies
  • Stocks
  • ETFs
  • Crypto indices
  • Precious metals

Trading Options

  • Derivatives
  • Margin trading (leverage)
  • Bitpanda Fusion for advanced trading

Bitpanda

User Interface

Our

Bitpanda

Review

Our Rating

Overall rating
9.2
10
Operation
9
/10
complicated
simple
Functions & Scope
9
/10
simple
extensive
Fees & costs
7
/10
high
low
Security & Trust
9
/10
low
high
Beginner friendliness
10
/10
unsuitable
very suitable
Support
9
/10
bad
good
How we rate

Conclusion

Bitpanda is a Vienna-based broker authorized under MiCA by Austria's FMA, offering crypto, stocks, ETFs and precious metals in one app. In our view it suits beginners and long-term investors in Europe; frequent traders pay less on Bitpanda Fusion or at lower-fee exchanges.

By  
Ethan Parker
Senior Content Editor

Pro's & Con's

What we like:
  • MiCA authorization from Austria's FMA, plus BaFin and MFSA authorizations for group companies
  • Crypto, stocks, ETFs, precious metals and crypto indices in one account
  • Bitpanda Fusion fees fall from 0.25% to 0.02% with volume
  • Free SEPA deposits in euros and a €1 minimum order
  • Savings plans and staking with weekly rewards
What we don't like:
  • Broker fees of 0.99% to 2.49% built into the price
  • No futures, and margin trading is long-only
  • No proof-of-reserves report found
  • PayPal deposits cost 1.49%
  • Stocks, ETFs and metals not offered on the UK platform

Customer Reviews

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Write a Review

5 / 5 average rating from 1 reviews

Noah T.
11 months ago
5

Bitpanda has been a good platform for me because it's easy to use and has lots of different things to invest in. I like that I can buy not just crypto but also stocks and precious metals in one place. The app is simple, and the savings plans and debit card make it feel more like a regular bank. It's nice to know they are regulated in Europe which makes me trust them more.

The only downside is that fees can be a bit higher and there aren't as many smaller altcoins compaired to other exchanges. But for begginers and people who want a secure and user‑friendly place to start, Bitpanda is a great choice.

Our assessment

Our view of Bitpanda on each criterion of our rating, with a conclusion.
Propose change
Operation and user-friendliness

We rate Bitpanda highly for operation. The broker shows one final price that already includes the fee, and the trade summary lists the fee on its own line, so you see the full cost before you confirm. For most assets the quoted price stays valid for 20 seconds. Bitpanda Fusion runs inside the same account, so you can move from simple buying to an order screen without opening a second account or moving funds to another provider. The mobile app is rated 4.7 on the German App Store from 55,926 ratings and 4.5 on Google Play from 56,474 ratings. In our view, the one thing that takes getting used to is that the standard app and Fusion price trades differently: a built-in fee in one, a single percentage per trade in the other.

Functions and offer

For a broker, Bitpanda's range is broad. You can buy 568 crypto assets by our count, stake more than 50 of them according to Bitpanda, and add stocks, ETFs, ETCs, precious metals and crypto indices (not on the UK platform). Crypto margin trading goes up to 10x, and Fusion gives active traders more than 2,000 pairs from 12+ exchanges, with TradingView charts and stop orders. Advanced traders will miss two things: futures, which Bitpanda does not offer, and short positions on margin, which its margin product does not support yet. In our view, that gap is the main reason to look at an exchange such as OKX if you trade futures.

Beginner friendliness

We rate Bitpanda at the top of our scale for beginner friendliness. Sign-up has one verification level: you confirm your phone with an SMS PIN and verify your ID through a partner service, and you must be at least 18. You can start with a €10 deposit and buy from €1, and savings plans from €10 per purchase let you buy on a regular schedule. Prices already include the fee, so the amount on the confirmation screen is what you get. If you want to compare other easy starting points, our list of exchanges for beginners ranks them.

Fees and costs

Fees are where we rate Bitpanda lowest. The broker's built-in fee of 0.99% on Bitcoin, 1.49% on other crypto assets and 2.49% on small caps is high next to exchanges such as OKX, which charges a 0.10% taker fee in the EEA. Bitpanda Fusion closes much of that gap at 0.25% per trade, and the rate falls with volume to 0.02% at Level 7, but you have to switch to it. SEPA deposits in euros cost nothing, PayPal deposits cost 1.49%, and paying fees with VSN gives a 20% discount. Staking keeps 20% of your rewards and crypto indices charge 1.99% on rebalancing trades, so long-term holders pay something too. In our view, Bitpanda is good value for occasional buyers and expensive for anyone who trades often in the standard app.

Security and trust

We rate Bitpanda well on security and trust. Bitpanda GmbH holds a MiCA authorization from Austria's FMA, two more group companies are authorized by BaFin and Malta's MFSA, and Bitpanda says it keeps the vast majority of client crypto in air-gapped cold storage. It publishes a custody policy and an insurance summary, though that insurance covers Bitpanda's liability to clients rather than insuring your holdings. One point weighs against it: the FMA fined Bitpanda GmbH €70,000 in 2026 for breaches of MiCAR around a white paper and its marketing.

Support

Bitpanda's help center answers most questions in detail, and Bitpanda says its support team is available 24/7. Personal help runs through live chat once you are logged in. We rate support highly because the published answers give exact limits, fees and minimums.

Conclusion –
Bitpanda

In our view, Bitpanda is a simple, regulated way for people in Europe to buy crypto alongside stocks, ETFs and metals, with low minimums and clear pricing. The trade-off is cost: frequent traders should use Bitpanda Fusion or compare exchanges such as OKX. Weigh the FMA fine as well.

About

Bitpanda

Bitpanda

Centralized Exchange
The Company
Bitpanda GmbH
Headquarters
Austria
Company size
Large
Regulation
FMA Austria (MiCA), BaFin, MFSA, FCA registration
Founder
Eric Demuth, Paul Klanschek, Christian Trummer
Year of foundation
2014

Summary

Bitpanda

Bitpanda Review: Fees, Licenses, Products and Who It Suits

By
Ethan Parker
Updated on
October 7, 2026

Our verdict: in our view, Bitpanda is a strong choice if you live in Europe and want one app for crypto, stocks, ETFs and precious metals from a provider licensed under MiCA, and a weaker one if you trade often and want a low fee on every order. Bitpanda GmbH, the Vienna company that runs the platform, is authorized as a crypto-asset service provider by Austria's FMA.

In the standard app, Bitpanda incorporates a fee into the price: 0.99% for Bitcoin, VSN, and stablecoins (0% for EURCV), 1.49% for other crypto assets, and 2.49% for small caps and Spotlight assets. Bitpanda Fusion, its advanced trading mode, charges a single rate per trade that decreases with your 30-day volume, from 0.25% at Level 1 to 0.02% at Level 7.

Bitpanda suits you if:

  • you live in the European Economic Area, the UK, or Switzerland
  • you want to start small: the minimum order is €1 and savings plans start at €10 per purchase
  • you want crypto, stocks, ETFs, and precious metals in one account (the UK platform offers crypto only).

Bitpanda is probably not for you if:

  • you live in the US: Bitpanda does not accept people located in the United States or US citizens
  • you trade often in the standard app, where 0.99% to 2.49% per trade accumulates quickly
  • you want futures or short positions on margin: Bitpanda's crypto margin trading is spot-based and long-only, with leverage up to 10x.

We rate Bitpanda higher for beginner friendliness than for fees, and we rate OKX higher on fees. The alternatives below cover both groups.

Crypto exchanges by Exchange Flow score, with the number of cryptos, trading fee, withdrawal fee and US availability
Crypto ExchangeCryptosTrading FeeWithdrawal FeeFor US 
Users?
EF
Score
WEEX
1173
0.1
%
₿
0.00016
No
9.8
/10
MEXC
1262
0.05
%
₿
0.00002
No
9.6
/10
Binance
416
0.1
%
VariesBinance sets this fee itself and adjusts it to activity on the Bitcoin network. On 2026-10-03 it charged 0.00002 BTC for a Bitcoin network withdrawal, about $1.69 at Binance's BTC/USDT price.
No
9.4
/10
OKX
304
0.35OKX US entry tier (OKX INC.) for US residents. The global and EEA entry tier is 0.08% maker and 0.10% taker.
%
VariesOKX charges the Bitcoin network fee it shows on its withdrawal page, and the amount changes with network load. On 2026-10-05 it showed 0.000015 BTC, about $1.29 at the OKX BTC index price.
Yes
9.3
/10
Bitpanda
568
0.99
%
VariesBitpanda adjusts this fee to congestion on the Bitcoin network and says it earns nothing from it. On 2026-10-03 it showed 0.00000598 BTC, about $0.51 at Bitpanda's BTC price.
No
9.2
/10
KuCoin
837
0.1
%
₿
0.00009
No
8.9
/10
Bitvavo
426
0.25
%
VariesBitvavo sets this fee itself and changes it with blockchain capacity. On 2026-10-03 it charged 0.000017 BTC, about $1.44 at Bitvavo's BTC/USDC price.
No
8.8
/10
eToro
150
1
%
VariesMoving BTC from your eToro investment account to the eToro crypto wallet costs 2% of the amount (at least $1, at most $100). Sending it from the wallet to an external address then costs only the Bitcoin network fee.
Yes
8.8
/10
Kraken
629
0.8
%
VariesKraken may adjust this fee as its costs and market conditions change. On 2026-10-03 its fee page showed 0.000015 BTC for a Bitcoin withdrawal when viewed from the US.
Yes
8.8
/10
Pionex
311
0.05
%
₿
0.000018
No
8.5
/10
Bybit
393
0.1
%
VariesBybit sets this fee itself and changes it often. Between 2026-10-02 and 2026-10-05 it showed 0.000035 to 0.000068 BTC for a Bitcoin network withdrawal.
No
8.5
/10
Coinbase
407
0.9Coinbase Advanced spot entry tier for US residents. In the EU and UK the entry tier is 0.25% maker and 0.50% taker; in Brazil, India and other international markets it is 0.09% maker and 0.10% taker.
%
VariesCoinbase sets this fee from its own estimate. Estimated Bitcoin network cost on 2026-10-03: about $0.36 (range $0.12 to $0.83 over the previous 24 hours, mempool.space).
Yes
8.3
/10
BSDEX
10
0.35
%
₿
0
No
8.2
/10
Bitfinex
68
0
%
₿
0.00006
No
8.1
/10
Bitstamp
114
0.4
%
VariesBitstamp charges its own estimate of the Bitcoin network fee plus a processing fee it does not publish, and shows the total before you confirm. Estimated network cost on 2026-10-03: about $0.36 (range $0.12 to $0.83 over the previous 24 hours, mempool.space); the processing fee comes on top.
Yes
8.1
/10
Bitget
511
0.1
%
₿
0.00002
No
8
/10
justTRADE
73
0.125justTRADE charges no maker or taker fees. You pay a 0.125% commission per crypto order plus a spread of at least 0.175% in the price.
%
Not possiblejustTRADE does not allow transfers of crypto into or out of your account.
No
8
/10
Crypto.com
416
0.5
%
VariesCrypto.com Exchange quotes 0.0004 BTC for a Bitcoin withdrawal, about $33.82 at its BTC price on 2026-10-03. The quote is based on an estimate of network fees, so the final fee may differ.
Yes
8
/10
Trade Republic
50
0Trade Republic charges no commission on crypto trades. You pay a €1 settlement fee per trade, plus a spread in the price.
%
VariesTrade Republic charges no fee to send crypto; you pay only the Bitcoin network fee. Estimated network cost on 2026-10-03: about $0.36 (range $0.12 to $0.83 over the previous 24 hours, mempool.space).
No
7.9
/10
Phemex
139
0.1
%
₿
0.000015
No
7.8
/10
Scalable Capital
32
1%
%
Not possibleScalable Capital holds crypto as exchange-traded products (ETPs), not as coins, so you cannot withdraw it to a private wallet. In exceptional cases an ETP issuer may redeem the coins to your own wallet, with its own checks and fees.
No
7.8
/10
CEX.IO
272
0.25
%
VariesCEX.IO lists this fee as floating and sets the amount itself. On 2026-10-03 it listed 0.000075 BTC, about $6.35 at CEX.IO's BTC price.
Yes
7.5
/10
Relai
1
1Relai charges a 1.00% service fee on transactions of €50 to €99,999.99, plus its own margin in the price.
%
No feeRelai's wallet is non-custodial, so the bitcoin you buy is held in your own wallet. Relai covers the Bitcoin network fee when you buy; when you sell, the network fee is included in the price shown.
No
7.5
/10
Plus500
24
0Plus500 offers crypto as CFDs in the EEA. It charges no fee to open or close a trade and is paid mainly through the spread built into its quoted price.
%
Not possiblePlus500 offers crypto as CFDs, so there are no coins to withdraw.
No
7.5
/10
WhiteBIT
338
0.1
%
VariesWhiteBIT bases this fee on blockchain fees and the price of bitcoin, and it can change the fee without notice. On 2026-10-08 it listed 0.00009 BTC for a withdrawal on the Bitcoin network, about $7.48 at WhiteBIT's BTC price.
No
7.4
/10
Gate.io
1464
0.1
%
VariesGate adjusts its withdrawal fees every hour based on network conditions. On 2026-10-04 its fee page showed 0.00003 BTC for a Bitcoin withdrawal, about $2.57 at Gate's BTC price.
No
7.2
/10
BitFlyer
9
0.1bitFlyer USA entry tier for Lightning Spot; bitFlyer Europe also charges 0.10%. On bitFlyer USA, the Buy/Sell service has no separate fee, but its prices include a fee of 0.1% to 6.0%, and more when prices move sharply.
%
₿
0.0004
Yes
7.1
/10
Hotcoin
285
0.2
%
₿
0.00003
No
7.1
/10
bitcoin.de
8
0.5
%
Variesbitcoin.de adjusts this fee regularly to the current Bitcoin network fee and keeps none of it. On 2026-10-22 its fee page showed 0.00000401 BTC, about $0.33 at Coinbase's BTC price.
No
7
/10
Gemini
80
1.2
%
VariesGemini charges a dynamic fee meant to cover the Bitcoin network fee. Estimated network cost on 2026-10-03: about $0.36 (range $0.12 to $0.83 over the previous 24 hours, mempool.space).
Yes
6.5
/10
LBank
885
0.1
%
₿
0.00005
No
6.3
/10
Libertex
102
0.1Libertex offers crypto only as CFDs. It charges a 0.1% commission on crypto CFDs, and the spread varies with the market.
%
Not possibleLibertex offers crypto only as CFDs, so there are no coins to withdraw.
No
6.1
/10
Upbit
360
0.05
%
₿
0.0002
No
6
/10

CFD risk warning: Libertex and Plus500 offer crypto as CFDs (contracts for difference), so you trade on the price without owning the coins. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs with these providers. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Bitpanda at a glance

  • Operator: Bitpanda GmbH, Vienna, Austria (Commercial Court Vienna, FN 569240 v). UK customers sign up with Bitpanda Broker UK Ltd
  • Founded: 2014 in Vienna by Eric Demuth, Paul Klanschek and Christian Trummer
  • Type: broker that quotes its own prices. Bitpanda Fusion aggregates the order books of 12+ exchanges
  • Crypto assets: 568 with an open buy and sell market, by our count (Bitpanda advertises more than 600)
  • Broker fees: 0.99% (Bitcoin, VSN and stablecoins, with 0% for EURCV), 1.49% (other crypto assets), 2.49% (market cap under €100 million, Spotlight assets)
  • Bitpanda Fusion: 0.25% per trade at Level 1 (up to €100,000 in 30-day volume), down to 0.02% at Level 7
  • Deposits: SEPA in euros free, PayPal 1.49%, minimum deposit €10
  • Bitcoin withdrawal fee: Varies. Bitpanda adjusts it to congestion on the Bitcoin network and says it earns nothing from it
  • Licenses: MiCA authorizations for Bitpanda GmbH (FMA, Austria), Bitpanda Asset Management GmbH (BaFin) and BP23 CA Limited (MFSA, Malta), plus two FCA cryptoasset registrations in the UK
  • App ratings: 4.7 on the German App Store (55,926 ratings) and 4.5 on Google Play (56,474 ratings)

Where Bitpanda is available

Bitpanda is not available in the US. Its help center indicates that people with US citizenship or those located in the United States may not become Bitpanda users due to regulatory reasons. Its user agreement also excludes people based in countries under sanctions by the United Nations, the European Union, the United States, or the United Kingdom. If you reside in the US, our list of exchanges for US customers compares providers that accept US residents.

Bitpanda accepts residents of the European Economic Area, the UK, Switzerland, Turkey, Serbia, and smaller territories such as Monaco and Jersey.

UK residents use a separate platform run by Bitpanda Broker UK Ltd. This platform offers crypto only, without stocks, ETFs, or precious metals. UK users undergo a 24-hour cooling-off period and an appropriateness test as required by the FCA. Leverage for UK users is capped at 3x.

What Bitpanda costs: a worked example

Suppose you live in Germany and want to buy bitcoin with euros, then transfer it to your wallet:

  • Fund the account via SEPA transfer: Bitpanda charges nothing for euro SEPA transfers, though your bank may. A PayPal deposit incurs a 1.49% fee.
  • Buy in the standard app: the 0.99% Bitcoin fee is included in the price shown, and the trade summary lists the fee separately before confirmation.
  • Alternatively, buy on Bitpanda Fusion with a market or limit order: 0.25% at Level 1 without a split between maker and taker orders.
  • Withdraw the bitcoin: you pay a network fee that Bitpanda adjusts to congestion and says it keeps none of. The limits page lists the current amount for every coin.

In our view, Fusion is the better route for anyone who buys more than now and then: its Level 1 rate is about a quarter of the broker fee on Bitcoin and about a sixth of the 1.49% on other crypto assets. Bitpanda notes that using its token, VSN, for fees results in a 20% discount.

Products and features

The main platform offers more than just crypto, including real stocks, ETFs, ETCs as securities, precious metals, and crypto indices. The UK platform is limited to crypto. Older A-Token products, derivative contracts on stocks, ETFs and commodities, are sell-only.

Crypto indices incur a 1.99% cost on automatic trades during the monthly rebalancing. Staking pays weekly rewards with Bitpanda retaining 20% as a commission. Earn on Stablecoins offers a fixed 3% plus a variable reward on EURCV and USDC, but you lend the coins to Bitpanda and become an unsecured creditor, so you could lose part or all of them if Bitpanda became insolvent. It is not offered in Austria.

Crypto margin trading is spot-based, allowing trades on the coin itself and long positions only, with 1x to 10x leverage (3x for UK users). It involves no opening fee, a daily fee of 0.18% for the first 60 days, 0.3% for closing, and 1% if liquidated. Margin trading also covers selected stocks, ETFs and ETCs, long only, with up to 20x leverage depending on the asset; it is not offered on the UK platform.

Bitpanda Fusion links to 12+ exchanges for more than 2,000 trading pairs. The newer Bitpanda API and MCP server allow connecting AI assistants like Claude or ChatGPT to check balances and execute trades.

Additional features include savings plans from €10 per purchase and the Bitpanda Card, a Visa debit card for eurozone residents, excluding Cyprus, which offers 1% cashback on crypto spending. Each card transaction sells the asset at the usual fee. ATM withdrawals cost 2%, with a minimum of €2.

Security and regulation

Licenses and registrations

ESMA's register of crypto-asset service providers lists three Bitpanda companies as authorized under MiCA. Bitpanda GmbH is authorized by Austria's FMA, with the license passported to the other EEA states. Bitpanda Asset Management GmbH is authorized by BaFin, and BP23 CA Limited, which trades as Bitpanda, by Malta's MFSA.

In the UK, Bitpanda Broker UK Ltd (reference number 925234) and Bitpanda Custody Ltd (928556) are registered with the FCA for specific cryptoasset activities under the Money Laundering Regulations. Registration does not equate to full authorization: according to the FCA register, you cannot seek recourse from the Financial Ombudsman Service or claim from the Financial Services Compensation Scheme if a firm fails financially.

Custody, insurance and proof of reserves

Bitpanda GmbH and Bitpanda Asset Management GmbH hold client crypto in shared hot and cold wallets and keep an internal record of each client's holdings. Bitpanda says the vast majority of every coin sits in air-gapped cold storage. Its insurance summary names professional liability cover of 5 million euros plus 5 million euros in excess, with a deductible of 1 million euros per claim. It covers Bitpanda's liability to clients, including for client crypto lost through an incident Bitpanda is responsible for under MiCA, but it does not insure your holdings directly. We could not find a proof-of-reserves report or attestation for Bitpanda on its website or in its help center.

Incidents and regulatory history

In August 2026, Austria's FMA fined Bitpanda GmbH €70,000 for violating MiCAR by failing to submit a required crypto-asset white paper to the FMA 20 working days before publication, issuing marketing prematurely, and omitting required statements and contacts in a marketing communication. The FMA deems the order final. In October 2026, the FMA initiated a review of the notice's publication legality at Bitpanda's request.

Alternatives to Bitpanda

For traders seeking lower fees or futures, OKX operates in the EEA through OKX Europe Limited, authorized under MiCA by Malta's MFSA, offering expiry futures via OKX Europe Markets Limited.

For a side-by-side view, see our Bitvavo vs Bitpanda comparison and our fee table, which compares maker, taker and Bitcoin withdrawal fees across exchanges.

In the US, Coinbase accepts residents of every state, and Kraken is available in all states except New York and Maine.

FAQ

Is Bitpanda legit?

Bitpanda is a regulated company: ESMA's register lists Bitpanda GmbH as authorized under MiCA by Austria's FMA. Regulation does not remove every risk: crypto prices can fall, the insurance Bitpanda names covers its liability to clients, not your holdings directly, we could not find a proof-of-reserves report, and the FMA fined Bitpanda GmbH in 2026 for breaches of MiCAR.

What are Bitpanda's fees?

In the standard app, fees are embedded in the price, ranging from 0.99% to 2.49% depending on the asset. Bitpanda Fusion charges 0.25% per trade at Level 1, dropping to 0.02% at Level 7 for a 30-day volume exceeding €250 million.

What does Bitpanda charge for withdrawals?

Bitpanda does not charge for euro SEPA transfers, and the minimum fiat withdrawal is €10. Crypto withdrawals carry a network fee that Bitpanda adjusts to congestion. Its limits page lists the fee and the minimum for each coin, and the minimum Bitcoin withdrawal is 0.000285 BTC.

Is Bitpanda available in the US?

No. Bitpanda's help center states that people located in the United States or with US citizenship may not become users, and the Bitpanda app isn't listed in the US App Store. Our list of exchanges for US customers shows providers accepting US residents.

About the author

Ethan Parker
Senior Content Editor

Ethan Parker is Senior Content Editor at Exchange Flow. He has followed crypto since 2015, from Bitcoin and Ethereum to the exchanges people use to buy and trade them.

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The information on this website is for educational purposes only and is not an investment recommendation. It should not be seen as a promise of specific outcomes or as urging you to invest. Buying cryptocurrencies is risky and could lead to losing all your invested money. This site doesn't offer investment advice. We're not responsible for the accuracy or usefulness of the information here, nor will we compensate for any financial losses.