Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Bitpanda cryptocurrency broker review
Bitpanda makes buying and selling cryptocurrency quick and easy through a credit card or bank transfer.
Bitpanda has quickly emerged as one of Europe’s most popular cryptocurrency brokers. The Austrian-based company offers a bevy of payment options, allowing traders to diversify in premier tokens such as bitcoin and Ethereum.
Bitpanda, which began as Coinimal in October 2014, offers sell-side services worldwide. However, only European members can buy cryptocurrency at this time. We encourage US traders to monitor the website for signs of future expansion.
Sam Bourgi is a contributing writer to Finder.com, where he specializes in financial markets. He has spent the past nine years focused on economics, markets and cryptocurrencies. His work has been featured in and cited by some of the world's leading newscasts, including Barron's, Yahoo, CBOE and Forbes.
Disclaimer: This information is not financial advice or an endorsement of cryptocurrency or any specific provider, service or offering. Cryptocurrencies are highly volatile and high risk. Do your own research and seek financial advice before buying. Please check with providers if their services are available in your state.
What is Bitpanda?
Bitpanda is an online broker specializing in the buying and selling of cryptocurrencies. As a fully automated platform, Bitpanda works efficiently to process and confirm payments at the quickest possible pace.
The broker is a trusted brand in the cryptocurrency space, having won a startup award in October 2016 as best fintech startup. This also partly explains the company’s sharp expansion throughout Europe over the past three years.
What cryptocurrencies can I buy/sell?
Bitpanda provides access to the following cryptocurrencies:
Bitcoin Cash (BCH)
Sell-side services are available globally via Neteller and Skrill. But, note that only European residents can buy cryptocurrency on Bitpanda.
Which payment methods are accepted?
Bitpanda offers you several payment options, putting it among the world’s most accessible cryptocurrency exchanges. The payment options are:
For bitcoin, Bitpanda’s buying and selling fees are as follows:
Buying fee: 1.49%
Selling fee: 1.29%
Note that trading fees are already included in the platform’s prices for each coin.
You may also need to pay a fee when you deposit funds into your account, but fees are waived on larger deposits. This fee structure is outlined in the table below.
Minimum deposit amount
Free deposit if amount is greater than
Bitcoin Cash (BCH)
How fast will my funds be available?
Transfer speeds are entirely dependent on your payment method. If you decide to buy bitcoin with SOFORT, Neteller, EPS or online bank transfer, your coins will be available immediately.
SEPA payments usually take one business day to finalize the transaction.
Users are encouraged to check the status of their orders at any time in the “History” section of their live accounts.
Are there any transfer limits?
Each Bitpanda account has a specific limit placed on transactions. Like other exchanges, this limit is based on your verification status. Below is a breakdown of the verification methods and the amount of money you can deposit and withdraw.
Online payments Daily limits Monthly limits Total limits
Bitpanda offers good security protocols, such as 2-factor authentication and ID verification to enable credit card payments.
However, more stringent verification requirements also mean that the broker is not as private as other platforms. This is the trade-off you need to weigh before working with any broker. At the same time, a lack of HD capability also reduces Bitpanda’s privacy standards.
Since the Bitpanda platform is fully automated, the support team has greater flexibility to respond to questions. If you have an issue, you can submit a ticket directly on the website’s helpdesk with your name and email. This support ticket capability is available on all pages of the website.
Pros and cons
Fully automated platform with instant transactions
A wide variety of payment options
Good for beginners
Fees are not disclosed publicly
Buying cryptocurrencies is limited to European members
Not open source
Lack of hierarchical deterministic (HD) and multi-signature protocols raises some concern over privacy and security
If you live in Europe and want to give Bitpanda a try, head over to the Bitpanda website and select “Get Started”. Here, you’ll be prompted to register before getting started on your cryptocurrency venture.
Yes. If you are selling cryptocurrency on Bitpanda, you must include a miner fee to ensure your transaction is processed in real time.
Customers worldwide can use Bitpanda to sell cryptocurrency. However, only European users can buy Bitpanda at this time.
Bitpanda charges the market rate on all cryptocurrencies, plus a small surcharge. The payment method you choose determines how much you’ll pay in fees for the order.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.