Bitpanda Review

Our Bitpanda review covers one of Europe’s most heavily licensed retail investment apps. Rather than chasing derivatives traders, Bitpanda positions itself as a one-stop portfolio platform where a saver can hold Bitcoin, a few ETFs and some gold side by side, all under EU supervision.

From Vienna Start-up to Regulated Multi-Asset Broker

Eric Demuth, Christian Trummer and Paul Klanschek founded Bitpanda in Vienna in 2014 as a simple Bitcoin brokerage. A 2021 funding round led by Valar Ventures valued the business at $4.1 billion, and the group now reports more than seven million registered users. In 2023 it spun off its professional exchange, Bitpanda Pro, which became the separate company One Trading. Leadership is changing again: CEO Lukas Enzersdorfer-Konrad plans to step down in early 2027, with co-founder Christian Trummer acting as co-CEO, and a planned Frankfurt listing has been postponed.

Licensing Is the Main Selling Point

Bitpanda was among the first large platforms to secure authorisation under the EU’s Markets in Crypto-Assets Regulation. BaFin approved Bitpanda Asset Management GmbH in January 2025, Malta’s MFSA authorised BP23 CA Limited, and Austria’s FMA authorised Bitpanda GmbH on 9 April 2025, allowing passporting across the EEA. Stocks and ETFs run through Bitpanda Financial Services GmbH under MiFID II, while a Dubai entity holds a VARA broker-dealer licence. UK customers deal with an FCA-registered entity supervised only for anti-money-laundering purposes, so FSCS and Ombudsman protection do not apply to crypto.

Regulation also brings scrutiny. In August 2026 the FMA fined Bitpanda GmbH EUR 70,000 for MiCAR breaches linked to the timing of a crypto white paper and missing disclosures in marketing. The penalty did not touch custody or the licence itself.

What You Pay

Pricing depends on how you trade:

• Broker mode: a commission of 0.99% on Bitcoin and stablecoins, 1.49% on most altcoins and 2.49% on newer Spotlight tokens.
• Bitpanda Fusion: an order-book interface with a flat rate of 0.25% for makers and takers below EUR 100,000 of monthly volume, falling to 0.02% for the largest traders.
• Securities: EUR 1 per stock, ETF or ETC trade, with free savings plans.
• Staking: Bitpanda keeps 20% of rewards.

SEPA deposits and withdrawals are free, card deposits carry no Bitpanda fee, and crypto withdrawals pass on network costs only.

Beyond Crypto: Product Range

The catalogue spans more than 650 crypto assets, crypto indices built with MarketVector, over 10,000 real stocks, ETFs and ETCs since January 2026, and vault-stored gold, silver, platinum and palladium in Switzerland. Margin is available up to 10x on eligible crypto and up to 20x on selected securities. A free Visa debit card for euro-area residents pays 1% cashback on crypto-funded spending. In 2026 the native token BEST was migrated to VSN, linked to the planned Vision Chain layer-2 network.

There are no crypto futures, options, P2P market or copy trading, which keeps the experience simple but limits active traders.

Safety Practices

Customer crypto and metals are held under a trustee structure separate from company assets, mostly in cold storage. Bitpanda holds ISO 27001 certification and received its first SOC 2 Type II attestation in February 2026, and no hack of customer funds has been reported since 2014. It does not, however, publish a monthly Merkle-tree proof of reserves.

Is Bitpanda Right for You?

Bitpanda fits European investors who prioritise regulation, convenience and diversification over the lowest possible spread. Frequent traders should use Fusion rather than broker mode to avoid premiums of up to 2.49%. US residents cannot open accounts, and UK residents are limited to crypto and crypto indices rather than the full securities range.

Crypto prices can fall sharply and regulation does not protect you against market losses, so invest only what you could live without.

Bitpanda FAQ

Risk warning: Trading forex and CFDs on margin carries a high level of risk. Bonus terms are set by each broker and may change; always check the broker's official terms before claiming.