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Bitpanda Review

Last Updated on January 31, 2024

James Headshot
Written by
Adam Headshot
Edited by
Bitpanda logo
4.20
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit Bitpanda

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Bitpanda stands as a solid choice among cryptocurrency exchanges. Its blend of user-friendly features, a diverse selection of digital assets, including cryptocurrencies like Bitcoin and Ethereum, and a commitment to security has garnered a loyal user base.

With services such as Bitpanda Plus for high volume traders and Bitpanda Savings for consistent investing, the exchange accommodates a wide array of financial activities in the digital assets realm.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • User-friendly interface
  • Supports a wide range of cryptocurrencies
  • Offers additional financial services like savings and investment plans
  • Strong security measures
  • Regulated by the European Union

Cons

  • Higher fees compared to some other platforms
  • Limited advanced trading features for professional traders
  • Customer support can be slow to respond at times
  • Not available to residents of the United States
  • Limited payment options depending on the user's location

Quick Summary

Headquarters Location Vienna, Wien, Austria
Fiat Currencies Supported USD, GBP, EUR + 7 others
Total Supported Cryptocurrencies 106+
Trading Fees 1.29% - 1.49%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Apple Pay, Skrill, Neteller
Support Twitter, Instagram, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

Welcome to our comprehensive review of Bitpanda, an increasingly popular cryptocurrency exchange known for its user-friendly interface and a broad range of digital assets. This review aims to delve into the various facets of Bitpanda, giving you a clearer picture of what the platform offers to both new and experienced traders in the crypto space.

Bitpanda homepage

Bitpanda continues to rise as a key player in the ever-evolving landscape of digital currency exchanges. Its growth trajectory is marked by a consistent focus on simplifying the complex world of cryptocurrencies for its users.

The platform seeks to demystify the digital asset market by offering straightforward paths to ownership and investment, while also catering to the nuanced needs of more seasoned participants. This is reflected in the balance of accessibility and depth within its ecosystem, supporting the dynamic nature of crypto trading and the diverse demands of its user base.

About Bitpanda

Founded in 2014 by Eric Demuth, Paul Klanschek, and Christian Trummer, Bitpanda has established itself as a reputable exchange in the European market. The Vienna-based company has grown substantially, shaping its identity as a trusted digital assets service provider.

Bitpanda’s commitment to providing easy access to cryptocurrencies is reflected in its intuitive interface and simplified purchase processes.

Bitpanda features

The path of Bitpanda’s development is a tale of strategic adaptation amid the rapidly shifting tides of the digital asset market. From its inception, the company has witnessed several cryptocurrency booms and busts, each presenting challenges and opportunities that have shaped its offerings and approach.

The foresight in expanding its reach to include a multitude of asset classes has positioned it favourably to capitalise on the growing appetite for alternative investments. Bitpanda’s journey mirrors the maturation of the cryptocurrency sector, evolving from a niche market to a recognised component of the broader financial landscape.

Bitpanda has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Discord, Reddit, TikTok and YouTube.

Bitpanda has a mobile app on both the Apple App Store and Google Play.

Bitpanda Supported Cryptocurrencies

Bitpanda supports trading on over 106 cryptocurrencies on their platform. This exchange currently supports 27 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • USDC (USDC)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • TRON (TRX)
  • Chainlink (LINK)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Toncoin (TON)
  • Shiba Inu (SHIB)
  • Uniswap (UNI)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Immutable (IMX)
  • Aptos (APT)
  • Ethereum Classic (ETC)
  • Cosmos (ATOM)
  • Stacks (STX)
  • Filecoin (FIL)
  • NEAR Protocol (NEAR)
  • UNUS SED LEO (LEO)
  • Kaspa (KAS)

View all cryptocurrencies Bitpanda supports

  • 1INCH
  • AAVE
  • ADA
  • AGIX
  • AKT
  • ALGO
  • ANKR
  • APE
  • APT
  • ARB
  • ATOM
  • AVAX
  • AXS
  • AZERO
  • BAL
  • BAT
  • BCH
  • BLUR
  • BNB
  • BTC
  • BTT
  • CELO
  • CFX
  • CHZ
  • CRV
  • CSPR
  • CVX
  • DCR
  • DOGE
  • DOT
  • EGLD
  • ELF
  • ENJ
  • ENS
  • EOS
  • ETC
  • ETH
  • FET
  • FIL
  • FLOW
  • FTM
  • FXS
  • GALA
  • GMT
  • GRT
  • GT
  • HBAR
  • HNT
  • HOT
  • HT
  • ICP
  • IMX
  • INJ
  • JASMY
  • JST
  • KAS
  • KAVA
  • KLAY
  • LDO
  • LINK
  • LPT
  • LRC
  • LTC
  • MANA
  • MASK
  • MATIC
  • MIOTA
  • MKR
  • NEAR
  • NEO
  • OCEAN
  • OKB
  • OP
  • OSMO
  • QNT
  • QTUM
  • RNDR
  • RPL
  • RUNE
  • RVN
  • SAND
  • SEI
  • SHIB
  • SNX
  • SOL
  • STX
  • SUI
  • TFUEL
  • THETA
  • TOMO
  • TRX
  • UNI
  • USDC
  • USDT
  • VET
  • WEMIX
  • XCH
  • XDC
  • XEC
  • XEM
  • XLM
  • XRP
  • XTZ
  • YFI
  • ZEC
  • ZIL

Trading Experience

Bitpanda offers an enjoyable trading experience with an intuitive user interface that caters to both beginner cryptocurrency investors and experienced traders. Its advanced trading platform, Bitpanda Pro, caters to the needs of daily traders seeking more advanced features and a detailed analytical approach to the crypto markets.

The trading experience on Bitpanda is moulded by the intention to streamline the journey from curiosity to execution. Traders are provided with a suite of tools and functionalities that cater to a breadth of trading styles and objectives.

From the casual investor expanding their portfolio to the daily trader leveraging advanced trading features, Bitpanda’s platform is designed to meet these varying demands with efficiency and precision. The sophisticated architecture of Bitpanda Pro, for instance, provides granular control over trading activities, allowing for a meticulous approach to market engagement.

Bitpanda exchange marketing

Bitpanda Fees

Bitpanda touts a competitive fee schedule that aligns with industry standards. While the platform does not disclose specific numbers upfront, fees are incorporated into the shown price of assets.

This includes various transaction fees for buying, selling, and exchanging cryptocurrencies, as well as withdrawal fees when transferring assets out of the platform. Users can expect a transparent breakdown of costs during transactions.

Navigating the costs associated with trading can often be as critical as the trading itself. Bitpanda approaches this with a structure that integrates fees within the asset’s displayed price, striving for a no-surprise experience.

While not itemising fees explicitly, the platform upholds a principle of clarity, where users can discern the financial implications of their trades as they execute them. This practice harmonises with the company’s user-centric philosophy, ensuring that discerning traders and newcomers alike can manage their financial undertakings with full awareness of the associated costs.

Type Fee
Deposit Fee (Bank Transfer) 0%
Deposit Fee (Credit/Debit Card) 1.50% - 1.80%
Trading Fee 1.29% - 1.49%
Withdrawal Fee (Bank Transfer) 0%

Bitpanda supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.000045 BTC compared to the industry average of 0.000075 BTC. So Bitpanda has a fee that is below the industry average by 40.00%.

Security - Is Bitpanda Safe?

In terms of security and regulation, Bitpanda prides itself on adherence to compliance standards within its country of operation. The platform has implemented robust security measures to safeguard users’ funds and personal information.

Verification processes are in place to ensure a secure trading environment, with a focus on preventing fraudulent activities.

Bitpanda has constructed a fortress of security features to secure its users’ peace of mind. Rigorous verification measures form the cornerstone of this, ensuring that all participants on the platform are authenticated, minimising the risk of illicit activities.

The platform employs a multifaceted security strategy, which includes state-of-the-art encryption and secure storage of a significant portion of digital assets in offline wallets. This layered approach reflects a deep understanding of the nuanced threats that exist within the crypto space and underscores Bitpanda’s commitment to safeguarding users’ interests.

Bitpanda Customer Support

Customer support is an essential aspect of any service, and Bitpanda delivers assistance through its Bitpanda Helpdesk. The platform provides various resources for users to resolve issues, although some users have reported slow customer service response times during peak periods.

In the dynamic realm of digital assets, customer support becomes not just an add-on, but a vital aspect of the overall service offering. Bitpanda recognises this by curating a multifaceted support system encapsulated within its Bitpanda Helpdesk.

This platform is designed to be a comprehensive repository of solutions, enabling users to address and resolve their queries autonomously. In instances where tailored assistance is necessary, customer support steps in, albeit with the acknowledgement that responsiveness can be tempered by high demand periods, reflecting an area of ongoing enhancement.

Bitpanda support

Bitpanda Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on Bitpanda

  1. Create Account - Visit the Bitpanda website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • Skrill
  • Neteller

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Final Thoughts

Reflecting on our exploration of Bitpanda, we find it to be a well-rounded platform with an emphasis on simplicity and diversity. Its range of services and cryptocurrencies caters to different user needs, making it a viable choice for those looking to engage with the crypto markets.

The trajectory of cryptocurrency exchanges is poised to continue its ascent as pivotal hubs in the architecture of digital finance. With the integration of various financial instruments and innovative features, these platforms are not only facilitating transactions but are also shaping the future of monetary interaction and investment.

In this context, the adaptability and scope of services offered by exchanges like Bitpanda become indicative of the sector’s potential to cater to a spectrum of financial aspirations and strategies.

Bitpanda FAQs

Bitpanda is a well-regarded cryptocurrency exchange that originated in Austria. It has established a reputation for having a user-friendly interface and taking security seriously.

The platform adheres to regulatory standards and is compliant with AML (Anti-Money Laundering) regulations. Trust in a platform, however, is subjective and should be based on individual research and due diligence.

Yes, you can withdraw funds from Bitpanda to your bank account. The platform supports several withdrawal methods, making it convenient for users to access their money.

To withdraw money from Bitpanda to your bank account, you need to log into your Bitpanda account, select the ‘Withdraw’ option, choose the fiat currency you wish to withdraw, specify the amount, and then choose your bank account as the withdrawal destination. Ensure that you have completed any necessary verification procedures and that your bank account details are up to date.

Bitpanda charges vary depending on the transaction. Fees are applied for trading cryptocurrencies, fiat deposit and withdrawal transactions, and other services on the platform.

Detailed fee information can usually be found on Bitpanda’s website or within the user account section.

Yes, Bitpanda requires users to verify their identity as part of their KYC (Know Your Customer) procedures. This process is standard for credible exchanges and is necessary to prevent fraud and comply with regulatory requirements.

Bitpanda is an exchange that was founded in Vienna, Austria. It has since grown to serve customers across Europe and beyond.

Bitpanda accepts various payment methods, including bank transfers, credit cards, and other online payment services, providing users with flexibility when managing their accounts.

The time it takes to verify your Bitpanda account may vary depending on the volume of applications and the completeness and clarity of the documents submitted. Verification is typically a swift process, with the aim to get users started on the platform as quickly as possible while maintaining security standards.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: