Bitpanda review: What you need to know before signing up.

Bitpanda is a FinTech specialised in cryptocurrencies and crypto indices. The broker also offers stocks, ETFs, commodities, and metals. In total, Bitpanda provides its users with over 3,000 different assets.

This means you will find hundreds of stocks from major companies, hundreds of ETFs, more than 450 different cryptocurrencies, 8 crypto indices, and around 30 commodities. Note that fractional purchases of stocks and ETFs are done through contracts that replicate the underlying assets.

Bitpanda also allows you to trade more than 10 major crypto pairs with up to 2x leverage. It is possible to short sell (speculate on the price going down) the two main cryptocurrencies, Bitcoin and Ethereum. The crypto indices function similarly to ETFs: they let you invest in several cryptocurrencies in one go.

Bitpanda provides thematic baskets as well, such as the BCI Meme Coins Leaders, which groups together the most well-known meme coins (Shiba, Doge, Pepe, etc.). There is also BCI 5, for example, which includes Bitcoin, Ethereum, Cardano, Solana, and BNB. Finally, you can stake 37 different cryptocurrencies with Bitpanda, meaning you lock up your tokens to help validate transactions on the relevant blockchain in exchange for rewards.

Below is a list of the financial instruments offered by Bitpanda:

• Stocks:
  2000 stocks
• Crypto:
  450 cryptocurrencies
• Forex:
  
• CFD:
  
• ETF:
  200 ETFs

Bitpanda advertises commission-free trading. In practice, Bitpanda is paid through the spreads (the difference between buy and sell prices), which average around 0.5%. The spread can vary depending on market conditions and the underlying asset. However, there are no account fees, management fees, listing fees, currency exchange fees, or deposit/withdrawal fees.

• Commission per stock:
  0,5%
• Fee per stock:
  £0
• Direct stock purchase:
  Yes
• CFD on stocks:
  No

• Number of ETFs:
  200
• Minimum ETF spread:
  No
• CFD on ETFs:
  No
• Direct ETF purchase:
  Yes

Bitpanda charges 1.49% on crypto transactions. The prices displayed at purchase and sale include fees. For leveraged investments, a 1% commission is charged when closing your position, plus a daily fee of 0.1% on the leveraged amount. You can, for cryptocurrency purchases, as well as for stocks and ETFs, start investing from just £1.

• Number of cryptocurrencies:
  450
• Minimum crypto spread:
  1,49%
• CFD on crypto:
  No
• Direct crypto purchase:
  Yes

The trading interface offered by Bitpanda is simple and streamlined, yet sufficient for searching assets, analysing various charts over multiple timeframes, checking your portfolio and asset performance, setting price alerts, and placing buy and sell orders. The platform is user-friendly and is perfectly suitable for beginners.

The desktop platform is complemented by a basic but functional mobile app (Android and iOS). Overall, the user reviews are quite positive. You can manage your trading account, buy and sell assets, check charts, and set price alerts, among other features.

Yes, Bitpanda is trustworthy thanks to its regulatory credentials. Bitpanda is regulated by the Austrian Financial Market Authority (FMA) and adheres to strict European standards in terms of security and user protection. The platform is also authorised by the UK’s FCA (Financial Conduct Authority) to offer crypto in the UK. Additionally, it has a MiFID II investment firm licence and is recognised in other European countries such as Spain, Italy, the Czech Republic, Sweden, and Germany. This regulated environment ensures a high level of security for users.