Bitpanda
FULL REVIEW 2026

Overview

Three authorised entities, not two: Bitpanda GmbH under the Austrian FMA, Bitpanda Asset Management GmbH under Germany’s BaFin (authorised 24 January 2025), and BP23 CA Limited under the MFSA — the Maltese entity is passported into no other state. Bitpanda does not run an order book at all — it is a broker, and the cost is in the spread.

Bitpanda is a broker, not an exchange, and that single fact makes most comparisons of it meaningless. There is no order book, so there is no maker or taker rate; you pay a spread. Any table showing Bitpanda with a percentage trading fee alongside Kraken and Bitstamp is comparing two different products.

Key Information

Regulation & Licensing

Two authorised entities. Bitpanda GmbH under the Austrian FMA, authorised 9 April 2025, covering 7 of the 10 MiCA services; and BP23 CA Limited under the Malta MFSA, authorised 27 January 2025, covering 6. Neither holds a trading-platform permission, because Bitpanda does not operate one.

Security & Custody

Trading Fees

Bitpanda is a broker, not an exchange. There is no order book. You cannot place a maker order, so maker/taker comparisons do not apply at all — the cost sits in the spread.

Any comparison table showing Bitpanda with a percentage trading fee next to Kraken or Bitstamp is comparing two different products. That is a category error, not a rounding difference.

Deposits, Withdrawals & Fiat Rails

Platforms & API

Pros & Cons

All 9 Exchanges Compared

The full register-verified table, with the legal entity behind every row, is on the directory index.

Visit Bitpanda → Compare all 9 exchanges →

Visit Bitpanda

This section carries no referral link. Go to Bitpanda directly, and before you deposit confirm that the entity you are contracting with is Bitpanda GmbH · BP23 CA Limited — the one named on the ESMA register — and not a differently-licensed group company.