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Bitpanda
European multi-asset broker offering 650+ cryptocurrencies, stocks, and precious metals under MiCAR rules
4.0/ 5
Our score
Very good
Coins listed
650
KYC required
Yes
Accepts US customers
No
What is Bitpanda?
Bitpanda is an Austrian retail brokerage and digital asset trading platform that lets users trade more than 650 cryptocurrencies alongside traditional securities and commodities. Headquartered in Vienna, the platform serves over 7 million registered accounts across Europe, integrating crypto assets, over 10,000 stocks and ETFs, and precious metals into a single regulated custodial account.
Corporate background and leadership
The company was founded in October 2014 as Coinimal GmbH by Eric Demuth, Paul Klanschek, and Christian Trummer. Headquartered in Vienna, Bitpanda Group AG operates with a team of more than 800 employees. The company reached a $4.1B valuation in August 2021 after raising a $263M Series C round led by Valar Ventures, bringing its total reported funding to over $481M with backing from investors including Alan Howard and Jump Capital.
Trading mechanics and asset custody
Users access the service through web and mobile applications or via Bitpanda Fusion, an order-book platform that aggregates liquidity across market makers and exchanges for more than 700 pairs. Crypto assets are held in regulated cold storage, while fractional stocks and ETFs are purchased starting from 1 euro. The platform also offers spot margin trading and CFD-based leveraged tokens up to 10x leverage on digital assets, automated savings plans, and physical precious metal allocations with zero storage fees. Additionally, Bitpanda operates Vision Chain, an institutional Ethereum Layer 2 rollup built for compliant tokenized assets.
Fees and regional availability
Bitpanda charges no fees on fiat deposits and withdrawals made through SEPA. Stock and ETF transactions incur a flat fee of 1 euro per trade, while crypto trading spreads are built directly into asset buy and sell quotes. Services are available across all 27 European Union member states, the United Kingdom, and the United Arab Emirates. Full identity verification (KYC) is mandatory before opening an account or initiating trades, and the platform does not serve US residents.
Regulatory licensing and operational record
Bitpanda was among the first major digital asset firms to secure MiCAR authorization through Germany's BaFin in January 2025 and holds a MiCAR registration with Austria's FMA. In February 2025, Bitpanda Broker UK Ltd registered with the UK Financial Conduct Authority, followed by Broker-Dealer approval from Dubai's VARA in March 2025. The platform maintains ISO 27001 and SOC 2 Type 2 certifications. During the 2022 market downturn, the firm reduced its workforce by 35% in June 2022 to adjust operational overhead.
Platform risks and trade-offs
As a centralized, custodial broker, Bitpanda holds user crypto balances and private keys on internal infrastructure, exposing traders to counterparty risk. Instant crypto buys incorporate retail spreads that can exceed dedicated spot exchange order books. Trading derivatives with up to 10x leverage carries liquidation risks, and users must submit identity documentation to trade.
Founders
Eric DemuthCEO
Paul KlanschekCEO
Best for:European retail multi-asset investorsUsers buying crypto alongside traditional stocksAutomated recurring savings plan investorsTraders seeking EU-regulated platforms
Pros and cons
Pros
- Regulated under MiCAR across the European Union with BaFin and FMA authorizations
- Over 650 cryptocurrencies available alongside fractional stocks, ETFs, and metals
- SEPA fiat deposits and fiat withdrawals incur zero platform fees
- Stocks and ETFs trade at a flat fee of 1 euro per transaction
- ISO 27001 and SOC 2 Type 2 security certifications with cold wallet storage
Cons
- Does not accept customers residing in the United States
- Mandatory KYC identity verification required before any trading can take place
- Custodial platform where users do not control their private keys
- Retail instant crypto purchases include built-in broker spreads
- Staff reductions in June 2022 cut 35% of company headcount during market downturn
Our review
4.0/5
Very good
Bitpanda offers European investors broad regulatory protection and multi-asset access, but custody remains fully centralized and spreads apply on instant retail trades.
Bitpanda is a Vienna-based retail broker and exchange serving over 7 million users across the European Union, the United Kingdom, and the United Arab Emirates. Operating since 2014 under founders Eric Demuth, Paul Klanschek, and Christian Trummer, the firm has assembled extensive regulatory standing. It holds MiCAR approvals from Germany's BaFin and Austria's FMA, registration with the UK Financial Conduct Authority, a broker-dealer authorization from Dubai's VARA, alongside MiFID II and PSD2 licenses. Backed by $481.2M in venture funding from firms such as Valar Ventures, the platform holds ISO 27001 and SOC 2 Type 2 security certifications with client crypto secured in regulated cold storage.
For portfolio allocation, the platform spans beyond digital assets into 8,000+ fractional stocks, 2,500+ ETFs, and physical precious metals. Users can trade more than 650 cryptocurrencies on the standard broker app or move to Bitpanda Fusion for order-book execution across 700+ trading pairs. Advanced traders also have access to spot margin trading across 120+ crypto assets and CFD-based leveraged tokens up to 10x leverage with negative balance protection. Automated recurring investments run through customizable Savings Plans.
The service has clear limitations:
- Residents outside Europe and the UK, including US customers, cannot use the platform.
- Mandatory identity verification (KYC) is required before placing any trades or depositing funds.
- Instant retail crypto trades include built-in price markups, and stock transactions incur a flat €1 fee per trade.
- As a custodial platform, Bitpanda controls wallet private keys, exposing traders to counterparty exposure typical of centralized brokers.
Bitpanda suits European retail investors seeking a single, tightly regulated venue for scheduled crypto buys and stocks. Active derivatives traders seeking offshore leverage or self-custody purists should look to non-custodial decentralized protocols instead.
Specs
| Markets | Spot, Margin · unverified |
|---|---|
| Coins listed | 650 · unverified |
| KYC required ⓘ | Yes · unverified |
| Accepts US customers | No · unverified |
| Staking / earn | Yes · unverified |
| Mobile app | Yes · unverified |
| Licenses & registrations | MiCAR CASP (Germany), MiCAR CASP (Austria), BaFin Custody Licence, FCA Cryptoasset Registration (UK), VARA Broker-Dealer (Dubai), MiFID II, PSD2 · unverified |
| Security features | Cold storage, ISO 27001, SOC 2 Type 2, Two-factor authentication, Negative balance protection · unverified |
| Futures & perpetuals | No · unverified |
| Max leverage (x) | 10 · unverified |
| Copy trading | No · unverified |
| P2P market | No · unverified |
| Earn / savings products | Yes · unverified |
Not disclosed by the provider: Maker fee, Taker fee, Fiat deposit methods, Proof of reserves, User protection fund, Referral program.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Multi-asset trading catalog
Supports buying, selling, and swapping over 650 cryptocurrencies alongside 10,000+ stocks, ETFs, and precious metals from a minimum of 1 euro.
Bitpanda Fusion
Aggregates order books from multiple liquidity providers across 700+ crypto pairs with tiered trading fees for advanced execution.
Crypto leverage and margin
Offers CFD-based leveraged products and spot margin trading up to 10x leverage across more than 120 digital assets.
Vision Chain layer 2
Ethereum Layer 2 rollup designed for institutional tokenized real-world assets, compliance tooling, and onchain KYC.
Automated savings plans
Enables recurring automated purchases of cryptocurrencies, crypto indices, and zero-fee recurring plans for stocks and ETFs.
Physical metals custody
Provides fractional trading in physically backed gold, silver, platinum, and palladium with zero ongoing storage fees.
Inside Bitpanda
Bitpanda App
The core mobile and web broker interface for buying, selling, and swapping over 650 cryptocurrencies, stocks, ETFs, and precious metals.
Bitpanda Fusion
An advanced trading interface aggregating exchange and market maker liquidity into an order book featuring over 700 crypto trading pairs.
Bitpanda Leverage
A CFD-based trading feature offering long and short leveraged token exposures up to 10x with negative balance protection.
Margin Trading
Spot margin execution providing up to 10x leverage across more than 120 supported crypto assets with real-time margin alerts.
Savings Plan
An automated investment service that executes recurring purchases of cryptocurrencies, stocks, ETFs, or metals on fixed intervals.
Vision Chain
An Ethereum Layer 2 rollup built to support tokenized real-world assets, institutional custody, and compliant smart contracts.
Bitpanda screenshots
What users say about Bitpanda
User feedback is mostly critical, dominated by complaints regarding delays in verification and issues with selling or withdrawing funds.
Top goods
In their own words
“Binance just lost its MiCA license bid in the EU,does this make you appreciate Bitpanda's regulatory standing more? While Binance scrambles for a new path to stay compliant in europe, bitpanda's been mica licensed and austrian regulated this whole time.”
“Wird Bitpanda langsam zu einer All-in-One-Investment-App? Als ich mich damals bei Bitpanda angemeldet habe, war es eigentlich nur für Krypto. Meine Aktien und ETFs hatte ich woanders, mein Geld lag ganz normal auf dem Bankkonto.”
“Fusion Trading Ich habe Fusion getestet mit 3 trades jeweils mit 30 eurc. Jetzt ist der kurs um 3% gefallen und wollte verkaufen. Verkauf ist aber unter 30 eurc nicht möglich. Was ist los bei euch? Man kann mit mind. 30 eurc eine position eröffnen aber wenn sie darunter fällt nicht verkaufen?”
“Bitpanda has been keeping my money for 2 months Hi all — I need practical advice and possible next steps. Bitpanda has been holding more than €11,000 in my account for over two months. I cannot transfer the money to my bank, nor can I buy crypto or otherwise use these funds.”
“Spread Der Spread bei Kryptos ist immernoch unter aller Sau. Weil Binance aktuell ja Probleme hat hab mich mir Bitpanda nach Jahren mal wieder angeschaut und es ist besser. Es gibt endlich margin-trading, die Gebühren sind Ok und die Software wurde weiterentwickelt.”
Scam warning: Users report receiving fraudulent SMS and phishing emails impersonating Bitpanda or hardware wallet providers.
Based on 200 Reddit posts and comments from the last 12 months, checked Oct 26, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used Bitpanda? Share your experience below.
Funding and investors
$481.2MTotal raised
3Rounds
5Investors
-
Series C Aug 2021 $263MVV Valar VenturesVenture capital Lead AH Alan HowardVenture capitalSource
Jump CapitalVenture capital
LP LeadBlock PartnersVenture capital
RV REDO VenturesVenture capital
-
Series B Mar 2021 $160MSource
-
Series A Sep 2020 $58.2MSource
FAQ
Who founded Bitpanda?
Bitpanda was founded in 2014 by Eric Demuth, Paul Klanschek, and Christian Trummer in Vienna, Austria.
What fees does Bitpanda charge?
Fiat deposits and withdrawals using SEPA are free, while stock and ETF trades cost a flat €1 per transaction. Cryptocurrency trades on the standard broker incorporate built-in markups within the quoted price.
Is KYC verification required on Bitpanda?
Yes, Bitpanda requires identity verification before users can deposit funds or execute trades. The platform complies with European anti-money laundering and MiCAR standards.
Can US residents use Bitpanda?
No, Bitpanda does not accept customers from the United States. Its retail services are available to residents of the 27 EU member states, the UK, and the UAE.
Does Bitpanda have its own token?
Yes, Bitpanda operates an ecosystem token under the ticker symbol BEST. The company also developed Vision Chain, an Ethereum Layer 2 rollup for tokenized assets.
How does Bitpanda secure user crypto assets?
Bitpanda stores digital assets in regulated offline cold storage wallets. The company maintains ISO 27001 and SOC 2 Type 2 certifications and is supervised under MiCAR rules.
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Recent public posts from @bitpanda, shown as published. Not reviewed or endorsed by CryptoReview.
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