Bitpanda Reviews 2025: Features, Fees, Safety, Pros & Cons

Bitpanda is a European investment platform specializing in crypto brokerage, ETFs, commodity trading, and company stocks. The platform is known for its super-intuitive interface that offers a smooth user experience for everyone.

Let’s go through a step-by-step review of Bitpanda to learn everything you need about the platform’s services and features.

Pros & Cons of Bitpanda

Pros

• Very easy-to-use.
• Multi-asset investment platform that combines stocks, crypto, commodities, and ETFs.
• The platform has a Bitpanda prepaid Visa payment card.
• Cross-asset swaps between crypto, commodities, and stocks.
• Separate beginner and pro trading interface.
• Around 300 cryptos available for instant trading.

Cons

• A very limited selection of cryptocurrencies on the pro trading interface.
• The platform isn’t available in the US.

About Bitpanda

Bitpanda is a reputable multi-asset investment platform with headquarters in Austria, offering a wide range of investment options to users since 2014.

Bitpanda started as an ambitious attempt to create an all-in-one investment platform that supports everything from crypto and stocks to commodities, precious metals, and ETFs.

Bitpanda doesn’t focus on one type of asset, so we can’t say it’s a crypto exchange or a stock trading platform.

If you’re looking to invest in crypto, Bitpanda has you covered with a huge selection of digital currencies in its instant trading section. Buying crypto on Bitpanda is very easy since you can make quick purchases with a payment card or transfer cash from your bank account. Also, the Pro trading interface has advanced options and various order trading types.

Additionally, the platform allows users to conduct cross-asset swaps based on the USD value of the selected assets. For example, you can exchange crypto for stocks or stocks for commodities with just a few clicks. This is very handy and rarely seen among investment platforms because exchanging different asset classes is quite complex.

Besides investing in different assets, Bitpanda also allows users to create savings accounts with multiple types of digital assets. Users can also boost their portfolio through Bitpanda’s relatively new crypto-staking service, which supports a vast selection of coins and tokens.

Finally, the Bitpanda Visa card is one of the most versatile payment cards among investment platforms because it enables cardholders to spend crypto, precious metals, stocks, and commodities like standard cash. The card simply converts the value of your assets to fiat currency in a matter of seconds. 

Crypto Coins Available on Bitpanda

You can find around 300 top digital currencies on Bitpanda for instant trading. These coins include the likes of industry-leading cryptos, such as Bitcoin (BTC), Tether (USDT), Bnb (BNB), Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Polygon (MATIC), Avalanche (AVAX), Tron (TRX), Litecoin (LTC), Chainlink (LINK), Cosmos (ATOM), Filecoin (FIL), Aptos (APT), Lido DAO (LDO), Bitcoin Cash (BCH), and more than 200 additional altcoins.

It’s important to note that Bitpanda doesn’t support the same selection of cryptos on the Bitpanda Pro platform section. Pro traders can invest in around 50 of the top cryptos, and the platform doesn’t allow traders to conduct cross-crypto trades. You can only exchange fiat currencies such as EUR and USD for crypto on Bitpanda Pro, while the Bitpanda basic platform supports cross-crypto trading. 

Some of the coins and tokens available on Bitpanda Pro include BTC, ETH, USDT, Decentraland (MANA), Cardano (ADA), USD Coin (USDC), Ripple (XRP), AVAX, Gala Games (GALA), Ape Coin (APE), TRX, Polkadot (DOT), LTC, and ATOM.

The Bitpanda staking section also supports a different range of digital currencies. Users can stake 23 coins and tokens for an annual percentage yield (APY) between two and 80%, depending on the crypto in question. 

The coins you can stake include BNB, APE, Kava (KAVA), ADA, TRX, Tezos (XTZ), ETH, SOL, DOT, MATIC, ATOM, Kusama (KSM), Near Protocol (NEAR), AVAX, Aave (AAVE), and a few additional cryptocurrencies.

Fiat Currencies Supported on Bitpanda

Bitpanda supports ten fiat currencies with which you can directly make purchases on the platform. The selection of traditional currencies on Bitpanda includes USD, CHF, GBP, PLN, HUF, DKK, SEK, EUR, CZK, and TRY. 

In case you want to use a payment card to make a purchase, you can do so even if you’re using a fiat currency that Bitpanda doesn’t support. Just keep in mind that you’ll incur an additional conversion fee because you’ll need to convert your card’s currency to one of the currencies available on Bitpanda.

Countries Supported by Bitpanda

Bitpanda is available in numerous global regions, however, one of the platform’s main drawbacks is that traders from the US can’t use it. Additionally, only users from the European Union can trade crypto on Bitpanda, while users from other regions can only trade stocks, commodities, precious metals, and ETFs.

Bitpanda Fees

Let’s have a look at the Bitpanda fees for crypto services.

Since Bitpanda is a crypto brokerage service and not a crypto exchange, there aren’t specific fees for purchasing crypto, except for the fixed Bitcoin buying fee of 1.49%. For other cryptos, Bitpanda shows users the crypto price with an included market spread premium. 

Every time you make a purchase on Bitpanda, the platform needs to fetch your crypto from a crypto exchange. The platform profits from the difference between the price at which it fetches your crypto and the price at which it resells it to you. Because of this, you don’t incur any additional fees. The price you see on Bitpanda is the price you’ll pay for your crypto. 

As for Bitpanda Pro, traders have fixed fees, which start at 0.15% for makers and 0.25% for takers with a trading volume of less than 100,000 EUR per month. These fees are quite affordable and in line with the fees on leading crypto trading platforms.

Major traders who spend more than 500 million EUR on trading per month incur a 0% maker and 0.01% taker fee.

When it comes to deposits, all bank account transfer deposits are feeless, while bank card deposits incur a 1.5% to 1.8% fee, depending on your card provider. Bitpanda also supports Neteller and Skrill as payment methods, but they incur a somewhat higher 3.6% fee. 

Main Features of Bitpanda

Bitpanda has an abundance of features that allow users to invest in a broad range of financial instruments without using multiple platforms.

The assets available on Bitpanda include digital currencies, ETF batches of popular stock indexes, precious metals, stocks, and commodities. 

For crypto investors, Bitpanda provides a straightforward and easy-to-learn investment experience. Users can purchase crypto with just a few clicks or sell it and cash out to a bank account. 

More experienced investors can use the Bitpanda Pro section, which comes with a traditional stock trading interface where users can trade both crypto and stocks. Bitpanda Pro has a detailed order book and trading pair menu, along with various order types, such as stop, limit, and market.

Investors looking for stocks can invest in numerous leading global companies such as Tesla, Nike, Apple, PayPal, and Google. Unlike some competitor platforms, which require users to buy whole shares, Bitpanda enables them to buy fractions of shares. 

For users who want to invest in popular stocks by simultaneously getting exposure to multiple companies, Bitpanda supports various ETFs. Some of the ETFs include batches such as top 50 Euro stocks, top 40 German stocks, top 100 British stocks, and more.

Similarly to ETFs, Bitpanda supports crypto indices, which are batches of reputable crypto projects. Users can invest in indices such as BCI DeFi leaders, BCI Smart Contract Leaders, and many more. These indices cover the most popular cryptocurrencies in various sectors, such as DeFi and smart contracts.

Bitpanda’s precious metal and commodities sections support assets such as gold, silver, palladium, natural gas, wheat, copper, and more.

One of the most useful features of Bitpanda is that it allows users to exchange most of these different assets between themselves without any limitations. 

How Easy Is It to Open a Bitpanda Account?

Bitpanda closely follows EU financial regulations and requires users to prove their identity in order to unlock all of the platform’s features. 

Let’s go through the whole process:

• When you click on the Sign-Up option on Bitpanda’s website, you’ll be taken to the account creation window.
• Fill out the form with your full name, email address, and other necessary details.
• Create a password for your Bitpanda account.
• You’ll have to select your country and confirm that you’re creating a Bitpanda account in your own name for personal use. 
• Also, confirm that you’ve read the Bitpanda privacy policy.
• Tap Create Account and go to your email inbox to activate your account.
• Once logged into Bitpanda, navigate to the Verify Now option.
• Bitpanda will ask you to provide additional personal information, including your mobile phone number.
• Enter the PIN code from the text message Bitpanda sent you.
• The next step is to select a document type to verify your identity, such as your passport or national ID card.
• You’ll receive detailed instructions on how to take a photo of your selected document type.
• Once you’re done, submit your information, and the platform will confirm that your identity is verified if everything is in order.

How Secure Is Bitpanda?

Bitpanda has several layers of strong security measures to protect the platform and user accounts from cyber attackers. 

The platform collects extensive personal information from users to prevent money laundering attempts and takes user privacy very seriously. Bitpanda encrypts all user data and never shares the information with any third parties except for law enforcement agencies in case a user is suspected of illegal activities. 

Also, besides login passwords, users have two-factor authentication (2FA) measures at their disposal. This feature requires users to approve each login and each transaction with an additional code sent to their email address or mobile phone number. 

Nearly all of the assets traded on Bitpanda are secured in the company’s cold wallets. Additionally, Bitpanda’s wallets are subject to third-party auditors on a regular basis to ensure all customer funds are 100% backed by the contents of the Bitpanda cold wallets. Users can even download the latest auditor report to personally check the state of the platform’s wallets.

Furthermore, Bitpanda has a continuous security assessment policy for monitoring the platform’s safety features and updating them in real-time to combat the latest cybersecurity risks.

Has Bitpanda Ever Been Hacked?

There’s no record of any hacks in Bitpanda’s history, which is quite an achievement since the platform has existed for quite some time.

Is Bitpanda a Regulated Exchange?

Bitpanda has various operating licenses from European financial authorities. Some of the licenses obtained by Bitpanda include VASP, E-money, and MiFID II. These are key licenses for providing users with financial services in the European Union and preventing money laundering attempts. 

How Does Bitpanda Compare to Other Crypto Exchange Alternatives?

Since Bitpanda isn’t a classic crypto exchange, we can’t compare it with a standard crypto trading platform. That’s why we’ll take a look at how Bitpanda fares against eToro, one of the leading multi-asset investment platforms in the world. 

Users can only invest in stocks and crypto on eToro, which means they have fewer assets for investing compared to Bitpanda. However, eToro supports multiple features that aren’t available to Bitpanda users. For example, eToro allows users to copy top investors and invest in the same assets. Also, users have an investment portfolio feature that allows them to invest in a basket of assets curated by eToro financial analysts.

However, eToro is more focused on stocks than Bitpanda and only supports some 30+ digital currencies, while Bitpanda has around 300 cryptos for instant trading and 50 coins for pro trading.

eToro uses a crypto brokerage mechanism similar to Bitpanda and has a fixed spread of 1% for every available digital currency. The spreads on Bitpanda aren’t fixed, which means they can vary and even get above 1% for some less popular coins. 

A key eToro advantage over Bitpanda is that the platform is available in most US states, while Bitpanda doesn’t have an operating license in the US.

Does Bitpanda Have an App?

Bitpanda’s mobile app is compatible with iOS and Android operating systems. The app itself has a very practical design that enables Bitpanda users to invest in all of the different assets available on the platform without logging in through the web browser.

Users can easily top up their Bitpanda Visa card through the mobile app, exchange assets, and stake crypto. 

Also, both bank card and bank account transfer deposits are available on the mobile app. Furthermore, the Bitpanda app has a great portfolio tracking section where users can monitor the market value of all of their assets without switching between different asset types.

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