Crypto and stock trading have seen an incredible boom in market size and popularity, and Bitpanda has been a big part of that boom. The platform started in 2014, just like your everyday crypto exchange platform, but today, it has become much more. But is that a good or bad thing, and can we still call Bitpanda the best platform for crypto trading? Let’s find out together in this ultimate Bitpanda review.
What is Bitpanda?
Bitpanda is one of the best crypto exchange platforms out there, but it is also so much more. Bitpanda started out as an exchange platform, but it is now a broker. This means that it sets its own prices and fees and acts as a bridge between you and the crypto markets. However, it’s not just crypto, it’s also your intermediary between the markets for stocks, indices, ETFs, and even precious metals. However, don't let the "broker" title scare you off; Bitpanda is user-friendly, whether you are a beginner or an expert.
Key Features of Bitpanda
Any good thing is known by its characteristics, and in the same way, a good exchange platform is known by its features. BitPanda comes packed with interesting features, and here are a few of them;
Variety Of Supported Cryptocurrencies
Whether BitPanda is a crypto exchange or not, we still have to talk about crypto. BitPanda supports more than 400 cryptocurrencies of different caliber. While it might not be as many as some other platforms support, 400 is honestly still a lot. Of course, you’ll find all the popular cryptos like Bitcoin, Ethereum, and Cardano, as well as some less common ones like BAT, IOTA, and Lisk.
So, basically, crypto-wise, you’re covered with BitPanda. What's even cooler is that Bitpanda isn't just about crypto. You can also invest in traditional assets like gold and stocks. It's like having a mini-investment portfolio all in one place.
Solid Security Features
When it comes to crypto, security is at the top of everyone’s minds, and BitPanda does a decent job with this. I think a two-factor authentication system is pretty much standard these days, and the BitPanda 2FA is very good. However, a BitPanda authenticator is not enough, so the platform also comes with fancy SSL certificates and protection against DDoS attacks. Their entire infrastructure is also locked down with advanced encryption, but the real kicker is the offline storage feature. This feature stores a significant portion of their crypto assets in "cold wallets," completely disconnected from the internet. Think of it as a secure vault where no online hacker can ever reach.
And if we’re talking regulations and licensing, BitPanda comes with a lot of European licences. We’re talking VASP registrations, MiFID II, E-Money, and PSD II licenses. Their verification processes are also AML5 compliant. You really can’t ask for more, or can you?
Requires No Deposit or Withdrawal Fees
Of all the amazing things in crypto trading, nobody wants to hear about fees, but we still have to talk about them. The good thing about BitPanda is that it does not charge deposit and withdrawal fees on most currencies and payment methods. You don’t get hit with a separate BitPanda fee whether you’re putting in crypto or fiat. You might, however, still have to deal with credit card fees and FX exchange fees.
The one fee you have to watch out for is the trading fee, which ideally can go up to 1.49%. That is perhaps one of the lowest rates you’ll find on the market. So, BitPanda checks our box fees-wise.
Supports a Wide Range of Payment Methods
Everyone has a preferred payment method, and BitPanda says welcome all. The platform offers a wide array of payment options, making it super easy to fund your account. Credit and debit cards, bank transfers, SEPA, and Skrill, cash deposits, Sofort, iDEAL, PayPal, you name it, and they probably have it. I was honestly impressed after checking out their lineup.
Diverse Services Offered
Beyond just being a crypto broker, Bitpanda is like a Swiss Army knife of financial services. They have expanded their offerings, and it shows they're thinking about the complete investor journey. Some of their services that I’ve seen include;
- Bitpanda Swap: It’s a basic crypto trading service that serves as a BitPanda exchange.
- Bitpanda Ecosystem Token (BEST): This is BitPanda’s native token. You should know, though, that holding it can give you better trading fees and rates on the platform.
- Bitpanda Saving: A platform designed for setting up a crypto savings plan and sticking to it monthly.
- Bitpanda Crypto Index: This works for the times you want to invest in the top-performing cryptocurrencies automatically without having to pick and choose individually.
- Bitpanda Plus: BitPanda Plus is for high-volume traders and crypto whales. It allows you to purchase larger amounts of crypto and potentially snag better deals.
- Bitpanda Metals: This is where to invest in precious metals like gold and diversify your portfolio.
- Bitpanda Tell-a-Friend: This is the love! Refer friends and earn rewards based on their investments.
- Bitpanda Pay: This is BitPanda’s payment system, where you can make various payments, whether it’s sending money to friends or settling monthly bills for services.
- Bitpanda App: Yes, they have a mobile app! It's essential for trading on the go, and from my experience, it’s just as intuitive as the desktop version.You can check to see if there are more BitPanda services. These are the ones I have tried and tested, and I can’t seem to remember if there’s a BitPanda wallet or not.
How to Use Bitpanda
One of the things BitPanda gets absolutely spot on is its intuitive user interface and how simple it is to use. I found it very straightforward to use for the first time. Using BitPanda is as easy as the following steps:
STEP 1: Head over to the official Bitpanda website.
STEP 2: Click "Sign-up" and fill in your name and email. Then create a password.
STEP 3: Confirm your email address by clicking the verification link sent to your email.
STEP 4: After logging in for the first time, fill in all the other required fields and respond appropriately to the prompts. You might need to perform some identity verification, which you can do immediately or save for later. And just like that, your account is set up.
How to Trade on Bitpanda
Trading on BitPanda is also quite easy. Here’s how to do it;
- After your BitPanda login, look for the "Deposit" button, usually located in the top-right corner of your screen, and click it.
- Add funds to your account. BitPanda supports various payment methods, whether crypto or fiat.
- The initial minimum deposit is a friendly €10, and after that, you can invest as little as €1 into crypto.
- Once your account is loaded up, navigate to the "Trade" option.
- Select the cryptocurrency you want to buy or sell, and input the amount.
Yes, that is all it takes to get you up and running on BitPanda.
BitPanda Fees
We already talked a bit about BitPanda’s fees, but let’s do a little more digging. BitPanda has a straightforward fee structure.
The fee is 1.49% for crypto purchases and 1.29% for sales. This rate is the same no matter what crypto you are dealing with. It’s not exactly the lowest rate out there, but it is very reasonable.
BitPanda’s best feature regarding fees is that they don’t charge deposits. You may get charged by your credit or debit card company, or you might have to pay an FX exchange fee if you’re dealing with currencies other than GBP, USD, EUR, or CHF, but you won’t ever get a Bitpanda credit card charge or a deposit charge from Bitpanda.
If you're sending cryptocurrency to Bitpanda, there might be a small deposit fee depending on the amount, but it’s usually negligible (e.g., 0.05 BTC). There's also a tiny cryptocurrency "wallet withdraw" fee on top of the network mining fees.
Apart from the deposit-free policy, the next best thing about this platform is its clear fee structure, so you won’t be hit with any hidden or surprise charges.
Security on Bitpanda
Nobody wants to end up being part of those crypto horror stories of exchange hacks and major security breaches. That’s why security is very important in trading. Bitpanda does not disappoint security-wise. It holds all the necessary licences and regulations. That’s not all, it also comes packed with security features like:
- Cold Storage
- DDoS Protection
- Communication Protection (SSL Encryption)
- Two-factor authentication
Bitpanda vs. Other Platforms
BitPanda is not the only platform that does what it does. So, how does it hold up against other similar platforms? Let’s put it on a table.
Alternatives to Bitpanda
There’s no doubt about it, Bitpanda is a fantastic platform. Sometimes, however, it’s usually good to have alternatives at hand. So, here are a few popular BitPanda alternatives:
- Coinbase: Coinbase is perhaps the most beginner-friendly crypto exchange there is. It is ideal for anyone looking for a strict crypto-only experience. It’s a reliable, secure, simple, and solid alternative.
- Binance: Binance is the top dog when it comes to crypto exchanges. It’s got a top-notch selection of trading features and supported cryptocurrencies. It’s not exactly the simplest interface, especially for newcomers, but if you have a solid knowledge of crypto exchanges, we cannot recommend Binance enough.
- eToro: Many think of eToro as a social trading version of exchange platforms. The platform allows you to copy the trades of successful investors. It's also a multi-asset platform, offering BitPanda stocks, ETFs, and commodities alongside crypto.
- Kraken: Kraken is most popular as the strongest exchange security-wise. It works well for beginners and experts, and also supports a wide range of cryptocurrencies.
- Bitstamp: Bitstamp is one of the oldest exchanges out there. It is reliable and well-regulated. It offers an easy trading experience, and is known for its high liquidity. Although it has a simple interface, its selling point is its strong regulatory compliance.
Truthfully, there’s no perfect platform. There’s only the right one for you depending on your individual needs, location, and trading experience. While Bitpanda is a great all-rounder, exploring these alternatives can help you find the perfect fit for your investment journey.
Advantages of Bitpanda
To be honest, you can do many of the things you can do on BitPanda on other platforms. But there are some perks to doing them with BitPanda. Here are some of Bitpanda’s best advantages.
- All-in-one Platform: Bitpanda is a convenient one-stop shop for all your investment needs. It gives you access to different types of assets, from crypto to gold, in one single platform.
- Easy-to-use interface: Bitpanda is not one of those crypto platforms with intimidating interfaces that scare away beginners. It's very simple to use, even if you're a newbie.
- Lots of payment and withdrawal methods: Bitpanda’s wide variety of payment options makes life easy for users. It caters to different kinds of users with different payment preferences.
Disadvantages of Bitpanda
BitPanda is a pretty solid platform, yet it does have some of its own letdowns. Here are some of the things I didn’t like about BitPanda.
- No advanced trading platform: Bitpanda covers most of the basics of trading. However, unlike Binance and some other exchanges, it does not have an advanced trading platform for traders looking for something extra.
- Relatively high fees compared to some other exchanges: Bitpanda’s fees are not among the highest in the business. However, compared to some exchange platforms, its fees are relatively high.
Bitpanda Customer Support
BitPanda comes with a support ticket system, which is pretty standard in the industry. You fill out an online form, which gets sent to their support team via email. From my experience, this method is relatively fast and available 24/7, which is a huge plus. It’s reassuring to know that someone will eventually get back to you if you hit a snag at 3 am.
What I really like is their comprehensive help center on the website. It's a treasure trove of information, with answers to common questions conveniently organized under various topics. Before I even think about submitting a ticket, I usually check the BitPanda helpdesk first, and more often than not, I find the answer I need there. It saves time and is a great resource for learning more about the platform.
Conclusion
So, we’ve poked into the depths of Bitpanda. Is it the best platform for crypto and stock trading in 2025? Well, "best" is subjective and depends on what you're looking for. Without a doubt, we can say that it's a top contender.
There are many great things about the platform, like the incredibly user-friendly interface, a wide variety of payment options, and a lack of deposit/withdrawal fees for most standard transactions. Bitpanda also gives users access to not just crypto but also allows them to invest in Bitpanda stocks, metals, ETFs, and indices, giving their portfolios a nice, diversified makeover.
To be honest, it's not without its minor drawbacks. The trading fees, while not exactly cutthroat, are a bit higher than those of other exchanges. And while the coin selection is decent, it might not satisfy advanced traders looking for extremely niche altcoins. However, BitPanda is a great, reliable, safe, and diverse platform. What more could a trader need?
Bitpanda FAQs
Where is BitPanda based?
Bitpanda is based in Vienna, Austria.
Is Bitpanda legit?
Yes, Bitpanda is a legitimate and regulated financial platform. It operates under strict European regulations and holds various licenses, including VASP, MiFID II, E-Money, and PSD II.
Is Bitpanda available in the USA?
No, Bitpanda primarily services the European Economic Area and is not currently available in the USA.
What is Bitpanda Pro?
The Bitpanda Pro App was the professional European crypto broker version of Bitpanda, designed for experienced traders. However, it is no longer available as a separate service. Its features have been integrated or discontinued.
Who owns Bitpanda?
Bitpanda was founded by Eric Demuth, Paul Klanschek, and Christian Doppler. Eric Demuth serves as BitPanda CEO.
Matvii Diadkov
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