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Bitpanda Review: Pros, Cons, Fees, Features, and Safety 2022

Founded in 2014, Bitpanda is an Austria-based cryptocurrency exchange that has more than 300,000 users.
Rating 4/5

Bitpanda Pros and Cons

Pros:

  • Instantly buy cryptos from a regulated broker accepting more than 10 payment methods
  • Fixed fees to buy and sell
  • Additional services, including a savings plan and OTC crypto purchases (large investor)
  • Full-featured, secure wallet app
  • Competitive taker and maker fees

Cons:

  • No direct trading
  • Full services accessible to European residents only
  • Verification may not be available in some European countries
  • Fair but not the lowest commissions
  • No phone or live chat support; only email

Bitpanda is a reputable exchange to buy, sell and store cryptocurrencies in the Eurozone. The Vienna, Austria-based company has 300,000 users who buy coins directly from Bitpanda at a fixed broker commission rather than trade against other users on an exchange for the best bid and ask prices.

In a market with many crypto brokers, how does Bitpanda stack up?

We have conducted an in-depth review of the fees, features, and pros and cons of Bitpanda and concluded that the exchange provides a reliable, trusted service at a fair price.

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Contents [show]

    What is Bitpanda?

    Since Bitpanda started out in bitcoin trading in 2014, it has grown into the leading European retail broker of Bitcoin, Ethereum, Litecoin and other cryptos. Bitpanda Web is where retail investors buy and sell cryptocurrency. Bitpanda Plus provides OTC trading starting at EUR 1 million for professional traders.

    Bitpanda provides a website and app to quickly sell and buy cryptocurrency. The broker is continually adding new crypto exchange services.

    • Bitpanda Swap – Quickly swap virtual currencies
    • Bitpanda Savings – This is a crypto-cost averaging program. Grow your crypto portfolio by buying a fixed amount of cyrpto at a fixed periodic date (daily, weekly, biweekly, monthly)
    • Bitpanda Plus – Trade directly over-the-counter (OTC) in amounts in excess of EUR 1 million
    • Bitpanda to go – Buy a prepaid cryptocurrency card with cash at vendors in Austria and redeem it on Bitpanda for any coin
    • Bitpanda Crypto Debit card – Crypto debit card linked to bitpanda ccount to help users spend their cryptos, stocks or metas as payment methods. Accepted by 54m+ Visa merchants in 200+ countries. It can be used anywhere a Visa card is accepted.
    • Bitpanda reward – It is a part of Bitpanda’s exclusive loyalty programme. Users get rewarded on the volume of their trade

    Bitpanda is quickly adding coins. As of March, you can buy from a wide range of cryptocurrencies like Bitcoin, Ethereum, Trezor, Tether, USD Coin, Lisk, Ripple, Terra, Cardano, etc. Why these coins? You, the customer, chose them! In the latest coin integration poll, Lisk beat out Dogecoin, Golem and the Basic Attention Token for a Bitpanda listing.

    How does the Bitpanda exchange work?

    The virtual currency exchange market is saturated. Bitpanda competes with Changelly, Luno and dozens of other cryptocurrency brokers. Bitpanda is proof that there is still room for differentiation. For many users, the many services offered and reliability justifies the broker’s fees. Additionally, Bitpanda offers more than 10 ways to pay for your cryptocurrency, including credit cad, debit card, SEPA, bank transfer, EPS, GiroPay, Sofort, Neteller, Skrill and cash (Bitpanda To Go).

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    Rating
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    Mobile App Rating
    10/10
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    10/10
    Mobile App
    Wallet
    Number of Coins
    7359223617596515123
    Trading Fees
    SpreadsSpreads0.1%0.1%0.1%0.1%0.50%Spreads0.2%
    Deposit Fees
    N/AN/AN/AN/AN/AN/AN/AN/AN/A
    Withdrawal Fees
    $5N/A0.0005 BTCN/AN/AN/AN/AN/AN/A
    Regulated
    ASIC, CySEC, FCACySECN/AN/AN/AFCAFCACBI, MiFIDN/A
    Min. Deposit
    $50100 EURN/AN/A$10$10$2$100N/A
    Leveraged Trading
    N/AN/A1 - 100x1 - 100x1 - 10x1 - 100xN/A1 - 30x1-200x
    Bitcoin
    $20435.82$20314.42$20248.67$40391.88$40393.04$40404.41$40416.27$20304.31$40377.55
    Ethereum
    $1402.97$1398.80$1390.12$2796.11$2795.55$2797.45$2796.59$1393.94$2795.54