Bitpanda Review
Austrian multi-asset broker (crypto + stocks + ETFs + metals), MiCA across 3 NCAs
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De un vistazo
Bitpanda is a Vienna-based fintech broker (founded 2014 by Eric Demuth, Paul Klanschek, Christian Trummer) offering crypto plus 10,000+ fractional stocks/ETFs, precious metals, and a Visa Card in a single suite. Holds three MiCA CASP authorizations: BaFin Germany (Bitpanda Asset Management GmbH, 23 January 2025; first major exchange MiCA-licensed in Germany), MFSA Malta (late January 2025), and FMA Austria (Bitpanda GmbH, 10 April 2025). 7.4M users at end-2025 (+25% YoY); €371M adjusted revenue 2025; $4.1B private valuation; Frankfurt IPO targeted for 2026 at €4-5B range. Native Italian-language app and support.
European retail investors who want a single regulated app for crypto, fractional stocks/ETFs, precious metals, and a Visa Card — with full national-language support (Italian, German, French, Spanish, etc.) and triple-NCA MiCA coverage for regulatory robustness.
You are a fee-sensitive spot trader (Bitpanda's app spread of ~1.49% all-in is materially higher than Binance 0.075% or Kraken 0.16%), you need derivatives/perpetuals/leverage (Bitpanda has none), or you want a deep altcoin catalog (430-500 active vs Binance 433, MEXC 3,000+).
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Pros
- Three MiCA CASP authorizations across BaFin (Germany, 23 Jan 2025), MFSA (Malta), and FMA (Austria, 10 Apr 2025) — most diversified MiCA coverage of any major exchange
- Multi-asset suite: 430-500 cryptocurrencies + 10,000+ fractional stocks and ETFs + precious metals (gold, silver, platinum, palladium) + Bitpanda Card (Visa debit)
- Native app and customer support in Italian, German, French, Spanish and other EU languages with typical response times under 24 hours
- Solid financial profile: 7.4M users end-2025, €371M adjusted revenue, $4.1B valuation, Frankfurt IPO targeted 2026 at €4-5B; private but with public IPO disclosure in sight
- Vision Chain Ethereum L2 launched 25 March 2026 (OP Stack) for MiCA/MiFID II-compliant asset tokenization — strategic positioning in tokenized RWA
Cons
- Retail app spread ~1.49% all-in is materially higher than Binance (0.075% with BNB) or Kraken (0.16% maker base); Bitpanda Pro/Exchange is competitive (0.05%/0.10%) but requires switching interface
- No derivatives, perpetuals, or leverage products — pure spot + investment broker model
- Crypto catalog 430-500 active assets vs Binance 433, Gate.io ~2,100, MEXC ~3,000
- Bitpanda Stocks are derivative contracts on equities, not direct share ownership with voting rights — read the documentation carefully before using as a stock-broker alternative
- EBITDA fell from €52M (2024) to €13M (2025) due to growth reinvestment; lower current profitability than headline revenue suggests
Fees
| Type | Rate |
|---|---|
| Retail app buy/sell (spread included) | ~1.49% all-in (0.99% fee + ~0.75% spread for BTC majors) |
| Bitpanda Pro maker / taker (base) | 0.05% / 0.10% |
| Bitpanda Pro top tier | 0.05% maker / 0.065% taker |
| SEPA deposit / withdrawal EUR | Free |
| Credit/debit card / Apple Pay / Google Pay | 1.5-2.5% |
| Bitpanda Card ATM withdrawal | Free up to monthly limit in SEPA; €1.50 thereafter; +2.5% outside SEPA |
| Bitpanda Card purchases | No additional fee (spread included in conversion) |