Currencies: 202 (152 fiat & 50 crypto) Countries: 255 PSs & Banks: 557 Exchanges: 327 Offers:
BTC/USD:

Bitpanda review & 3 testimonials for bitpanda.com (06.2021)

Bitpanda user interface: the home page in English

What is Bitpanda in a nutshell? It's a trusted, respectable, well established, promising exchange service (trading platform) working with 11 cryptocurrencies: you can buy and sell coins using 4 fiat currencies (12 banks & payment systems are supported). Exchange service started the business Jun 2014, it's a fully compliant, licensed financial company. Besides the cryptocurrencies exchange, Bitpanda also provides other services, for example, Payments for Utility Bills, Precious Metals Trading / Investments.

This service integrated with a number of currencies, banks, and payment systems. Hence to estimate the fees level we calculated an average fee you'll spend for an exchange here. Based on this number (2.7%) we may say that Bitpanda charges a very reasonable fee for smaller amounts; for higher ones it charges relatively high fees: 1.29% — 5.09% (although, according to our statistics 38% exchanges take higher average fee) and has medium buying limits: $1.00 — $3,031 (considering the gathered statistics, 66% exchanges have higher order limits). This Trading Platform welcomes customers from 46 countries (unfortunately, your country: United States is not supported at the moment; but there are good alternatives)! Due to regulatory restrictions, US citizens and residents are not served by the exchange. Unfortunately we couldn't yet collect enough data about the order processing speed from the actual customers, although according to the information from the exchange itself, order processing is automated and should be instant. Depending on the order details, you may need to verify your account (ID Verification, Bank Account Verification, Video Verification should be normally required) to exchange money on this trading platform.

Since 2014, bitpanda.com has got a few great testimonials from the customers: just our platform already has 3 user reviews, 100% of those are positive. It's hard to say for the majority of the users what they like dealing with the service, yet we should affirm that there's nothing the consumers really dislike. Our platform assigns the bitpanda.com 100/100 rating: it's the perfect, an ideal result, only few competitors have such a high rating! For example, Raidofinance and Kuna are ranked below.

Based on all these facts, our verdict is the following: Bitpanda is a legit and perfectly safe place to buy and sell cryptocurrencies, almost an ideal exchange with great feedback we can recommend to our dear visitors!

Overview: is Bitpanda safe?

Bitpanda is the Trading Platform; Bitpanda GmbH (dba Bitpanda) started the business in June 2014. The company is based in the Austria with the headquarters located in the Vienna. Official Bitpanda address is Campus 2, Jakov-Lind-Straße 2 1020. The firm is a licensed MSB, regulated by the Finanzmarktaufsichtsbehörde (FMA); it holds the Financial Services license.

Bitpanda was founded by Eric Demuth, Paul Klanschek & Christian Trummer. Bitpanda CEO is Paul Klanschek, Eric Demuth.

Besides the Austria, Bitpanda is registered with the Autorité des marchés financiers (AMF) as Digital Asset Service Provider and therefore, regulated in France. Bitpanda also holds PSD2 payment service provider license; the software is compliant with the highest standards of data security.

Answering the question how safe is Bitpanda:

Bitpanda is perfectly safe! 100/100 rating is really hard to get, only a few competing services have such a high rating! Let's break down how the Bitpanda exchange got such a rating.
Time in the business: 7 years
Feedback count: 3
Reviews: 3 positive, 0 negative, 0 neutral
Business model: licensed, fully compliant

Overall rating for Bitpanda: 100 / 100

Pros & Cons of Bitpanda

Since Bitpanda is rated as one of the best exchanges in the world by our visitors, there should be many strong sides clients admire and probably some downsides anyway. Let's check it out:

  • It's very stable and reliable exchange service operating from 2014.06. Fully compliant and regulated business, service provided by licensed financial company.
  • Bitpanda earned perfect testimonials from the clientele.
  • 11 digital currencies and 4 fiat ones are supported. Although, a lot of payment systems & banks, totally 12 are supported, both international and national ones: Visa & Mastercard, SEPA Transfer, Skrill, etc.
  • Besides the buying and selling, you may trade cryptocurrencies and earn some profit.
  • Bitpanda is something much bigger than just another crypto exchange, there are extra services, some of which may be very interesting for bitcoiners.
  • Many countries are not supported, please check if yours is in this list before registering!
  • Trading platform utilizes a business model based on holding the clients funds at the online wallet; such approach has some risks.

Seems that there are not so many cons, but a lot of pros. We hope you will enjoy your experience exchanging at Bitpanda! Try Bitpanda today and let us know how you like it!

Services, Bitpanda Provides

The platform provides the following cryptocurrency exchange-related services:

  • Allows the customers to buy cryptocurrencies with fiat currencies
  • Provides the clients with ways to "cash out" the crypto to fiat currency
  • Payments for the utility bills (water, electricity, landline, gas, etc.) in cryptos
  • Investing and/or trading in precious metals: gold, silver, platinum, palladium, etc.

That's impressive number of features! According to our statistics, 90% of the competition provide less services, many just allow the buying and selling, so this trading platform is among the champions in this field!

Currencies & Payment Systems

Bitpanda provides the service of buying and selling 11 digital currencies using fiat currencies. The following cryptocurrencies are available to buy/sell: Cardano (ADA), Bitcoin (BTC), Dogecoin (DOGE), Polkadot (DOT), Ether (ETH), Chainlink (LINK), Litecoin (LTC), IOTA (MIOTA), Tether (USDT), Stellar (XLM), Ripple (XRP).

There are not much exchanges with so many cryptos supported! If you are not sure, which one of these electronic currencies you are most interested in, you are welcome to read our guides. For example, these: Cryptocurrencies initial coin offerings to buy in 2021.

4 fiat currencies are supported to provide crypto purchase and selling: Swiss Franc (CHF), Euro (EUR), Pound Sterling (GBP), US Dollar (USD). The Trading Platform will let you buy and sell Bitcoins and 10 other cryptos using the following payment systems:

  • Visa & Mastercard. An international payment system (available worldwide) allowing credit/debit cards payments in various currencies. GBP, CHF, EUR and USD payments are available for purchasing cryptos at the exchange. Visa & Mastercard is a popular way to buy BTC and other cryptocurrencies available at 12 exchanges of various types. You are welcome to find the best rate for buying bitcoin with visa & mastercard at our home page!
  • SEPA Transfer. An international payment system (it's available in 46 countries) allowing international bank transfers payments in Euro currency. Just the EUR payments are available for both buying and selling cryptocurrencies at this exchange.
  • Skrill. An international payment system (available worldwide) allowing e-wallet payments in various currencies. GBP, CHF, EUR and USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • NETELLER. An international payment system (it's available in 202 countries) allowing e-wallet payments in various currencies. GBP, CHF, EUR and USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • Faster Payments. A local bank (serving United Kingdom) in Pound Sterling currency. Just the GBP payments are available for both buying and selling cryptocurrencies at this exchange.
  • Amazon. An international payment system (it's available in 11 countries) allowing gift cards payments in various currencies. Just the EUR payments are available for selling cryptocurrency to fiat solely; at the time you can't buy crypto using this payment method here.
  • Bitpanda To Go. A local payment system (serving Austria) allowing prepaid cards payments in Euro currency. Just the EUR payments are available for purchasing cryptos at the exchange.
  • Zimpler. An international payment system (you may use from Germany, Finland, Sweden) allowing mobile payments payments in various currencies. Just the EUR payments are available for purchasing cryptos at the exchange.
  • GiroPay. A local bank (serving Germany) in Euro currency. Just the EUR payments are available for purchasing cryptos at the exchange.
  • EPS Überweisung. A local bank (serving Austria) in Euro currency. Just the EUR payments are available for purchasing cryptos at the exchange.
  • SOFORT (Klarna). A local bank (it's available in 13 countries) in various currencies. CHF, EUR and GBP payments are available for purchasing cryptos at the exchange.
  • iDEAL. A local bank (serving Netherlands) in Euro currency. Just the EUR payments are available for purchasing cryptos at the exchange.

Bitpanda fees

The fees you need to pay at this trading platform during the process of buying and selling cryptocurrencies are easier to understand if you break it down like that (note that you can skip the details, jumping to the conclusion):

  1. Deposit/withdrawal fee. Depending on the fiat payment system and currency, it's as follows:
    • Commission for the money withdrawal to Amazon in Euro: 1.29%
    • 4.48% to deposit funds by Bitpanda To Go in Euro.
    • 3.49% + €0.25 to deposit funds by EPS Überweisung in Euro.
    • Commission for the money withdrawal to Faster Payments in Pound Sterling: 0%
    • 0% to deposit funds by Faster Payments in Pound Sterling.
    • 3.49% + €0.25 to deposit funds by GiroPay in Euro.
    • 3.49% + €0.25 to deposit funds by iDEAL in Euro.
    • 5.09% + $0.9 to deposit funds by NETELLER in US Dollar.
    • 5.09% + €0.9 to deposit funds by NETELLER in Euro.
    • 5.09% + £0.9 to deposit funds by NETELLER in Pound Sterling.
    • 5.09% + 0.9 to deposit funds by NETELLER in Swiss Franc.
    • Commission for the money withdrawal to NETELLER in Euro: 1.29%
    • Commission for the money withdrawal to NETELLER in US Dollar: 1.29%
    • Commission for the money withdrawal to NETELLER in Pound Sterling: 1.29%
    • Commission for the money withdrawal to NETELLER in Swiss Franc: 1.29%
    • Commission for the money withdrawal to SEPA Transfer in Euro: 1.29%
    • 1.49% to deposit funds by SEPA Transfer in Euro.
    • Commission for the money withdrawal to Skrill in Pound Sterling: 1.29%
    • Commission for the money withdrawal to Skrill in Swiss Franc: 1.29%
    • 5.09% + 1 to deposit funds by Skrill in Swiss Franc.
    • Commission for the money withdrawal to Skrill in US Dollar: 1.29%
    • 5.09% + $1 to deposit funds by Skrill in US Dollar.
    • 5.09% + £1 to deposit funds by Skrill in Pound Sterling.
    • Commission for the money withdrawal to Skrill in Euro: 1.29%
    • 5.09% + €1 to deposit funds by Skrill in Euro.
    • 3.48% to deposit funds by SOFORT (Klarna) in Euro.
    • 3.48% to deposit funds by SOFORT (Klarna) in Pound Sterling.
    • 3.48% to deposit funds by SOFORT (Klarna) in Swiss Franc.
    • 2.99% to deposit funds by Visa & Mastercard in Euro.
    • 2.99% to deposit funds by Visa & Mastercard in Swiss Franc.
    • 2.99% to deposit funds by Visa & Mastercard in Pound Sterling.
    • 2.99% to deposit funds by Visa & Mastercard in US Dollar.
    • 1.99% to deposit funds by Zimpler in Euro.
  2. Trading fee. This trading platform charges the following when your trade order matches and executes:
    • 0.1% of the order amount, whatever fiat or crypto currency you trade.
  3. Cryptocurrency withdrawal fee. Please note that this fee applies only when you transfer the crypto 'out': to your own wallet, to someone else, etc.!
    • 0.000030 BTC when you purchase Bitcoins
    • the usual transaction fee in the according crypto, when you are buying: ADA, DOGE, DOT, ETH, LINK, LTC, MIOTA, USDT, XLM, XRP.

Are Bitpanda fees high or low?

Now it's time to draw a conclusion: considering the average fee the exchange charges for an operation we can state that Bitpanda charges a very reasonable fee for smaller amounts; although for a higher ones it takes relatively high fees from the customers. According to our statistics, most of the exchanges charges about the same fees Bitpanda does. For example, an average fee you pay to buy Bitcoin with Visa & Mastercard in EUR across various exchange brokers, trading platforms, p2p marketplaces and e-wallets is 14%, bitpanda.com charges 2.99% for this. A nice opportunity and as you can see, the fee is low enough! Hence we know that Bitpanda fees for certain exchange directions are rather moderate.

Buying and selling limits

This Trading Platform has the following limits, applicable when you buy or sell cryptocurrencies:

  1. Purchase limits (when you buy crypto).
    • EUR 50 minimal buy and EUR 500 max purchase when using Bitpanda To Go in Euro.
    • €10,000 max purchase when using EPS Überweisung in Euro.
    • GBP 100,000 max purchase when using Faster Payments in Pound Sterling.
    • €10,000 max purchase when using GiroPay in Euro.
    • €10,000 max purchase when using iDEAL in Euro.
    • EUR 10,000 max purchase when using NETELLER in US Dollar.
    • €10,000 max purchase when using NETELLER in Euro.
    • EUR 10,000 max purchase when using NETELLER in Pound Sterling.
    • EUR 10,000 max purchase when using NETELLER in Swiss Franc.
    • EUR 49,999 max purchase when using SEPA Transfer in Euro.
    • EUR 10,000 max purchase when using Skrill in Swiss Franc.
    • EUR 10,000 max purchase when using Skrill in US Dollar.
    • EUR 10,000 max purchase when using Skrill in Pound Sterling.
    • €10,000 max purchase when using Skrill in Euro.
    • €10,000 max purchase when using SOFORT (Klarna) in Euro.
    • EUR 10,000 max purchase when using SOFORT (Klarna) in Pound Sterling.
    • EUR 10,000 max purchase when using SOFORT (Klarna) in Swiss Franc.
    • €2,500 max purchase when using Visa & Mastercard in Euro.
    • EUR 2,500 max purchase when using Visa & Mastercard in Swiss Franc.
    • EUR 2,500 max purchase when using Visa & Mastercard in Pound Sterling.
    • EUR 2,500 max purchase when using Visa & Mastercard in US Dollar.
    • €2,500 max purchase when using Zimpler in Euro.
  2. Withdrawal limits (when you out-exchange crypto to the fiat money).
    • €500 maximal withdrawal when receiving money to Amazon in Euro.
    • GBP 100,000 maximal withdrawal when receiving money to Faster Payments in Pound Sterling.
    • €100,000 maximal withdrawal when receiving money to NETELLER in Euro.
    • EUR 100,000 maximal withdrawal when receiving money to NETELLER in US Dollar.
    • EUR 100,000 maximal withdrawal when receiving money to NETELLER in Pound Sterling.
    • EUR 100,000 maximal withdrawal when receiving money to NETELLER in Swiss Franc.
    • EUR 5,000,000 maximal withdrawal when receiving money to SEPA Transfer in Euro.
    • EUR 100,000 maximal withdrawal when receiving money to Skrill in Pound Sterling.
    • EUR 100,000 maximal withdrawal when receiving money to Skrill in Swiss Franc.
    • EUR 100,000 maximal withdrawal when receiving money to Skrill in US Dollar.
    • €100,000 maximal withdrawal when receiving money to Skrill in Euro.

And the good news: there are no limits on other payment systems (the limitations the payment system has aside) Bitpanda supports! Comparing to other exchanges, Bitpanda has medium buying and selling limits; it's rather convenient, although there are some other ones with higher max.

Supported countries

Platform allows the users from 46 countries to use the exchange. The following countries are supported by the trading platform:

  • Aland Islands (AX)
  • Andorra (AD)
  • Austria (AT)
  • Belgium (BE)
  • Bulgaria (BG)
  • Croatia (HR)
  • Cyprus (CY)
  • Czech Republic (CZ)
  • Denmark (DK)
  • Estonia (EE)
  • Finland (FI)
  • France (FR)
  • French Guiana (GF)
  • Germany (DE)
  • Gibraltar (GI)
  • Greece (GR)
  • Guadeloupe (GP)
  • Hungary (HU)
  • Iceland (IS)
  • Ireland (IE)
  • Italy (IT)
  • Latvia (LV)
  • Liechtenstein (LI)
  • Lithuania (LT)
  • Luxembourg (LU)
  • Malta (MT)
  • Martinique (MQ)
  • Mayotte (YT)
  • Monaco (MC)
  • Netherlands (NL)
  • Norway (NO)
  • Poland (PL)
  • Portugal (PT)
  • Réunion (RE)
  • Romania (RO)
  • San Marino (SM)
  • Slovakia (SK)
  • Slovenia (SI)
  • Spain (ES)
  • St. Barthélemy (BL)
  • St. Martin (MF)
  • St. Pierre & Miquelon (PM)
  • Sweden (SE)
  • Switzerland (CH)
  • United Kingdom (GB)
  • Vatican City (VA)

Does Bitpanda allow the users from United States (US)?

USA flag

Sorry, but the bitpanda.com can't provide the services to the citizens and residents of the United States of America at this time, due to the local regulations and licensing matters, etc. But there are no reasons to get disappointed because of that, there are plenty of great exchanges as well as the ones of Trading Platform type, who warmly welcomes the American people! We can recommend you look at these:

Customer service

Sorry, but we haven't collected enough data about this yet. Do you have any experience exchanging with the Bitpanda? Can you please add your testimonial? This will help everyone a lot, thanks!

Verification at Bitpanda

The bitpanda.com may require the customers to pass through the user identification (account verification) process. The following procedures should be completed if you desire to buy or sell the cryptos using fiat money here:

  • ID verification
  • A bank account verification (if you wish to use this payment method)
  • A video verification (over a webcam)

Note that the verification is only required for the exchanges with fiat currencies (i.e. buying and selling digital currencies)! You may skip the video verification if you plan to use only the bank transfers. Some fiat withdrawal options are available even without KYC!

According to the customers surveys results, the average time to verify an account at Bitpanda is the following:

Sorry, we haven't yet collected enough data. Do you know, how fast trading platform does account verification? Kindly let us know, too. Thank you very much!

Deposit/withdrawal speed

Bitpanda processes the orders automatically, that's definitely a good thing and the process should take no time. Although we know that some exchanges require various forms of staff approval, etc. for the specific orders; such ones generally take longer. Even fully automated platforms sometimes delay the funds delivery, so if you know that it's the case here at this trading platform, let us and the community know about it, please!

Is Bitpanda instant?

So, what can we see? In accordance with the data we know about the bitpanda.com, orders at Bitpanda should be instant. Although we don't have enough information about the order delivery speed from actual customers yet, sorry.

Customers' testimonials

Our users left 3 testimonials about their experience dealing with Bitpanda, 100% of the testimonials are positive, 0% are neutral and there are 0 negative ones. Feel free to read as many of these as you like!

Basov, 3 testimonials
@ 23 Jan 2021
Gipo Z., 2 testimonials
@ 29 Mar 2020
Bear H., 5 testimonials
@ 07 Feb 2020
No more testimonials to show. The rest are either outdated or written in other languages. If you have any experience dealing with Bitpanda, can you please leave your testimonial? Thanks!

Overall result if great! 100% positive testimonials is something the business owners are very proud of, such a rating is hard to get and even harder to maintain! It means the community really trusts and likes the Bitpanda services, so most likely, you'd enjoy it too!

FAQ about Bitpanda

Does Bitpanda holds my funds?

Yes, it does. Although you can always withdraw the funds to your e-currency wallet "by default" Bitpanda holds your balance at it's own hot storage wallet. This is the standard practice for all the trading platforms, although we recommend to keep only the funds you need for the trading at the exchange.

Is Bitpanda a good trading platform?

According to our rating and the clients' testimonials, it is! Feel free to get acquainted with the details reading this review or just jump to the conclusion!

Is Bitpanda licensed? Does it hold e-money license?

Yes, Bitpanda GmbH (entity doing business as Bitpanda exchange) is licenced and regulated financial company. It holds Financial Services license and is regulated by the Finanzmarktaufsichtsbehörde (FMA) of the Austria.

Is Bitpanda a ripoff?

It definitely isn't! Feel free to read the whole this review to understand why or check our conclusion: is Bitpanda legit or scam.

Bitpanda vs other exchanges

Let's compare bitpanda.com to other similar exchange services with more or less the same features: others of trading platform type mostly. Besides, seems reasonable to compare the platform with the exchanges having similar rating and serving (mostly) the same geographic, etc. Remember that if you wish to find the exchange offering the best price to buy/sell Bitcoin and 49 other cryptos, check the best rates to buy bitcoin and crypto in United States!

Bitpanda vs Binance

Let's compare the key features of these two platforms to see which one suits you best:

  • Binance is a trading platform Bitpanda is a trading platform, both are using the same business model.
  • Binance had started the business April 2017 Bitpanda started the business June 2014 (Bitpanda operates 2 years and 10 months longer).
  • binance.com has all the required business licenses and permissions Bitpanda has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
  • Besides the crypto to crypto exchange, binance.com provides the following extra services: Mobile wallet, Lending and the Margin Trading Bitpanda provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies, and besides that: Payments for Utility Bills and the Precious Metals Trading / Investments.
  • Binance supports 47 cryptocurrencies and tokens Bitpanda allows to swap 11 cryptos (Bitpanda works with 36 cryptocurrencies & tokens fewer).
  • Binance doesn't have any fiat currencies supported You'll be able to use 4 national currencies to swap with digital ones at Bitpanda (Bitpanda supports 4 fiat currencies more).
  • Binance doesn't allow any fiat payments Bitpanda allows the user to utilize 12 various fiat payment systems and/or banks (Bitpanda supports 12 fiat payment systems and banks more).
  • Binance charges 0.0% fee Bitpanda charges the client 1.29% — 5.09% fee, depending on the currency, payment system, etc. (Bitpanda has higher fees, generally).
  • Binance allows registrations from 255 countries; United States is among the supported ones You may register at Bitpanda if you reside in one of 46 countries; unfortunately, United States is not among the supported ones (Bitpanda supports less countries).
  • During the account verification Binance usually asks for 1 document / procedure (selfie) User identification at Bitpanda usually consists of 3 different procedures: id verification, a bank account verification, additional information upon compliance staff decision (Bitpanda policies related to KYC, fraud prevention, etc. are rather user-friendly, many will find it appealing that there are exceptions and orders without verification in certain situations).
  • Our users left 17 testimonials about Binance, 94% of which are positive We've collected 3 users testimonials about Bitpanda, 100% are positive (Bitpanda has better testimonials from the clients).

Although the final decision, which exchange — Binance or Bitpanda — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since both exchanges are equally rated, we recommend you look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Bitpanda vs BITEXBOOK

Let's compare the key features of these two platforms to see which one suits you best:

  • BITEXBOOK is a trading platform Bitpanda is a trading platform, both are using the same business model.
  • BITEXBOOK had started the business May 2018 Bitpanda started the business June 2014 (Bitpanda operates 3 years and 11 months longer).
  • BITEXBOOK is an ordinary company without licenses, etc. Bitpanda has all the required business licenses and permissions (Bitpanda utilizes a safer and more stable business model).
  • Besides buying and selling cryptocurrencies, bitexbook.com provides the following extra services: Cash codes Bitpanda provides more exchange-related services: it allows us to purchase and sell digital currencies, and besides that: Payments for Utility Bills and the Precious Metals Trading / Investments.
  • BITEXBOOK supports 1 cryptocurrency Bitpanda allows to swap 11 cryptos (Bitpanda additionally works with 10 added cryptocurrencies/tokens).
  • 2 fiat currencies are available on bitexbook.com website You'll be able to use 4 national currencies to swap with digital ones at Bitpanda (Bitpanda supports 2 fiat currencies more).
  • BITEXBOOK accepts deposits from and allows withdrawals to 7 fiat payment systems / banks Bitpanda allows the user to utilize 12 various fiat payment systems and/or banks (Bitpanda supports 5 fiat payment systems and banks more).
  • BITEXBOOK charges 0.8% — 5.5% fee Bitpanda charges the client 1.29% — 5.09% fee, depending on the currency, payment system, etc. (Bitpanda & BITEXBOOK charge the customer with the equal fee level, more or less).
  • Buying limits at BITEXBOOK start from $0.10 and are up to $100,000 Deposit/withdraw limits at Bitpanda are $1.00 — $3,031 depending on the payment method (Bitpanda has lower buying/selling limits).
  • BITEXBOOK allows registrations from 255 countries; United States is among the supported ones You may register at Bitpanda if you reside in one of 46 countries; unfortunately, United States is not among the supported ones (Bitpanda supports less countries).
  • During the account verification BITEXBOOK usually asks for 2 documents and/or procedures (address confirmation, selfie) User identification at Bitpanda usually consists of 3 different procedures: id verification, a bank account verification, additional information upon compliance staff decision (Bitpanda policies related to KYC, fraud prevention, etc. are rather user-friendly, many will find it appealing that there are exceptions and orders without verification in certain situations).

Although the final decision, which exchange — BITEXBOOK or Bitpanda — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Bitpanda vs CEX

Let's compare the key features of these two platforms to see which one suits you best:

  • CEX is a trading platform Bitpanda is a trading platform, both are using the same business model.
  • CEX had started the business July 2014 Bitpanda started the business June 2014 (Bitpanda operates 1 months longer).
  • cex.io has all the required business licenses and permissions Bitpanda has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
  • Besides buying, selling and exchanging cryptocurrencies, cex.io provides the following extra services: Lending, Margin Trading, Faucets (small amounts of cryptos for free) and the Staking, MasterNodes, etc. (passive income opportunity) Bitpanda provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies, and besides that: Payments for Utility Bills and the Precious Metals Trading / Investments.
  • CEX supports 27 cryptocurrencies and tokens Bitpanda allows to swap 11 cryptos (Bitpanda works with 16 cryptocurrencies & tokens fewer).
  • 4 fiat currencies are available on cex.io website You'll be able to use 4 national currencies to swap with digital ones at Bitpanda (Bitpanda & CEX permit the same number of fiat currencys).
  • CEX accepts deposits from and allows withdrawals to 9 fiat payment systems / banks Bitpanda allows the user to utilize 12 various fiat payment systems and/or banks (Bitpanda supports 3 fiat payment systems and banks more).
  • CEX charges 0.3% — 3.99% fee Bitpanda charges the client 1.29% — 5.09% fee, depending on the currency, payment system, etc. (Bitpanda has higher fees, generally).
  • Buying limits at CEX start from $20.00 and are up to $10,000 Deposit/withdraw limits at Bitpanda are $1.00 — $3,031 depending on the payment method (Bitpanda has lower buying/selling limits).
  • CEX allows registrations from 224 countries; United States is among the supported ones You may register at Bitpanda if you reside in one of 46 countries; unfortunately, United States is not among the supported ones (Bitpanda supports less countries).
  • During the account verification CEX usually asks for 3 documents and/or procedures (id verification, phone confirmation, selfie) and it takes a day or two in most of the cases User identification at Bitpanda usually consists of 3 different procedures: id verification, a bank account verification, additional information upon compliance staff decision (Bitpanda policies related to KYC, fraud prevention, etc. are rather user-friendly, many will find it appealing that there are exceptions and orders without verification in certain situations).
  • Our users left 27 testimonials about CEX, 100% of which are positive We've collected 3 users testimonials about Bitpanda, 100% are positive (Bitpanda & CEX share the same percentage of positive user reviews).

Although the final decision, which exchange — CEX or Bitpanda — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since both exchanges are equally rated, we recommend you look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Bitpanda vs Raidofinance

Let's compare the key features of these two platforms to see which one suits you best:

  • Raidofinance is a broker Bitpanda is a trading platform, it has a different business model (feel free to read about the differences between broker and trading platform)
  • Raidofinance had started the business February 2019 Bitpanda started the business June 2014 (Bitpanda operates 4 years and 8 months longer).
  • raidofinance.eu has all the required business licenses and permissions Bitpanda has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
  • Besides buying, selling and exchanging cryptocurrencies, raidofinance.eu provides the following extra services: Mobile wallet and the Merchant Services Bitpanda provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies, and besides that: Payments for Utility Bills and the Precious Metals Trading / Investments.
  • Raidofinance supports 3 cryptocurrencies and tokens Bitpanda allows to swap 11 cryptos (Bitpanda additionally works with 8 added cryptocurrencies/tokens).
  • 2 fiat currencies are available on raidofinance.eu website You'll be able to use 4 national currencies to swap with digital ones at Bitpanda (Bitpanda supports 2 fiat currencies more).
  • Raidofinance accepts deposits from and allows withdrawals to 2 fiat payment systems / banks Bitpanda allows the user to utilize 12 various fiat payment systems and/or banks (Bitpanda supports 10 fiat payment systems and banks more).
  • Raidofinance charges 2% — 5% fee Bitpanda charges the client 1.29% — 5.09% fee, depending on the currency, payment system, etc. (Bitpanda has lower fees in general).
  • Buying limits at Raidofinance start from $50.00 and are up to $10,000 Deposit/withdraw limits at Bitpanda are $1.00 — $3,031 depending on the payment method (Bitpanda has lower buying/selling limits).
  • Raidofinance allows registrations from 251 countries; we are sorry, but United States is not supported this time You may register at Bitpanda if you reside in one of 46 countries; unfortunately, United States is not among the supported ones (Bitpanda supports less countries).
  • During the account verification Raidofinance usually asks for 2 documents and/or procedures (id verification, selfie) and it takes a day or two in most of the cases User identification at Bitpanda usually consists of 3 different procedures: id verification, a bank account verification, additional information upon compliance staff decision (Bitpanda policies related to KYC, fraud prevention, etc. are rather user-friendly, many will find it appealing that there are exceptions and orders without verification in certain situations).
  • Our users left 7 testimonials about Raidofinance, 100% of which are positive We've collected 3 users testimonials about Bitpanda, 100% are positive (Bitpanda & Raidofinance share the same percentage of positive user reviews).

Although the final decision, which exchange — Raidofinance or Bitpanda — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although Bitpanda has a better total rating 100 vs Raidofinance's 95, we recommend you look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Bitpanda vs Kuna

Let's compare the key features of these two platforms to see which one suits you best:

  • Kuna is a trading platform Bitpanda is a trading platform, both are using the same business model.
  • Kuna had started the business January 2016 Bitpanda started the business June 2014 (Bitpanda operates 1 years and 6 months longer).
  • Kuna is an ordinary company without licenses, etc. Bitpanda has all the required business licenses and permissions (Bitpanda utilizes a safer and more stable business model).
  • Besides buying, selling and exchanging cryptocurrencies, kuna.io provides the following extra services: Cash codes Bitpanda provides more exchange-related services: it allows us to purchase and sell digital currencies, and besides that: Payments for Utility Bills and the Precious Metals Trading / Investments.
  • Kuna supports 20 cryptocurrencies and tokens Bitpanda allows to swap 11 cryptos (Bitpanda works with 9 cryptocurrencies & tokens fewer).
  • 3 fiat currencies are available on kuna.io website You'll be able to use 4 national currencies to swap with digital ones at Bitpanda (Bitpanda supports 1 paper currency up).
  • Kuna accepts deposits from and allows withdrawals to 7 fiat payment systems / banks Bitpanda allows the user to utilize 12 various fiat payment systems and/or banks (Bitpanda supports 5 fiat payment systems and banks more).
  • Kuna charges 1.0% — 3.0% fee Bitpanda charges the client 1.29% — 5.09% fee, depending on the currency, payment system, etc. (Bitpanda has higher fees, generally).
  • Buying limits at Kuna start from $1.00 and are up to $10,000 Deposit/withdraw limits at Bitpanda are $1.00 — $3,031 depending on the payment method (Bitpanda has lower buying/selling limits).
  • Kuna allows registrations from 251 countries; we are sorry, but United States is not supported this time You may register at Bitpanda if you reside in one of 46 countries; unfortunately, United States is not among the supported ones (Bitpanda supports less countries).
  • Kuna allows the user to be anonymous, there is no account verification, etc. User identification at Bitpanda usually consists of 3 different procedures: id verification, a bank account verification, additional information upon compliance staff decision (Unlike kuna.io that agrees to serve anonyms, Bitpanda abides certain KYC, AML/CTF policies, there's an account verification)
  • Our users left 4 testimonials about Kuna, 100% of which are positive We've collected 3 users testimonials about Bitpanda, 100% are positive (Bitpanda & Kuna share the same percentage of positive user reviews).

Although the final decision, which exchange — Kuna or Bitpanda — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although Bitpanda has a better total rating 100 vs Kuna's 84, we recommend you look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Conclusion: is Bitpanda legit or scam?

Now it's time to draw a conclusion, is bitpanda.com a scam or is it a legit exchange? We are 100% sure Bitpanda is a trusted, legit exchange with great reputation in the community. There is no way it can be called a scam! Let's summarize what we like most (and what we don't) about the Bitpanda:

  • It is licensed, regulatory compliant financial company
  • The trading platform holds users' funds
  • This company has being in the business for a long time; exchange was started 7 years ago
  • Exchange supports 11 cryptocurrencies and 4 fiat ones (totally 12 payment systems / banks are available). Besides buying, selling and exchanging digital currencies, the following services are available: Payments for Utility Bills and Precious Metals Trading / Investments
  • It charges rather high fees: from 1.29% to 5.09% depending on the payment method; although the exchange of smaller amounts is rather inexpensive
  • The purchase and withdrawal limits are medium: from $1.00 to $3,031 USD, it depends on a payment system choice
  • Bitpanda accepts the clients from 46 countries; unfortunately, users from United States are not permitted to use the service
  • Clients' testimonials are perfect, 100% (3 out of 3) note their positive experience dealing with Bitpanda.

Overall rating for Bitpanda: 100 / 100

And don't forget to bookmark the page!