Bitpanda review: The best new crypto platform in the UK?

Recently relaunched in the UK, Bitpanda* is a crypto platform that targets beginner investors with transparent fees, a wide range of cryptocurrencies and a user-friendly app. You can find all of the key information you need to know about the service offered, the potential cost and how to set up an account below.

What is Bitpanda?

Bitpanda is a cryptocurrency platform originally launched in Vienna in 2014. It has become a major player in the European crypto space, boasting more than 7 million users and officially relaunched in the UK in August 2025.

The Bitpanda platform offers an accessible way for both beginners and experienced investors to buy, sell and invest in hundreds of cryptocurrencies, including popular ones like Bitcoin and Ethereum. With more than 600 cryptoassets available, the recently-launched UK arm of Bitpanda boasts one of the broadest selections on the UK market.

Bitpanda cryptocurrencies

Bitpanda offers a massive selection of 600+ cryptoassets, including more than 50 for staking. This vast choice includes established names like Bitcoin, Ethereum and Solana, as well as a diverse range of emerging tokens and more niche investing options.

Bitpanda users can discover new assets using its ‘spotlight’ feature, which highlights the latest crypto investments. The full lineup of available coins is on the Bitpanda app. It includes BTC, ETH, BNB, USDT, SOL, ADA, XRP, DOT, USDC, DOGE and 592 more.

Is Bitpanda registered with the FCA?

Yes, Bitpanda is registered with the Financial Conduct Authority (FCA) for cryptoasset services, but note that crypto is largely unregulated in the UK. This means investments in crypto are not protected by the Financial Services Compensation Scheme (FSCS), and the Financial Ombudsman Service (FOS) cannot handle complaints.

Bitpanda security

Bitpanda employs a range of security features to protect its users’ holdings, including:

• Two-Factor Authentication (2FA)
• Email confirmation for sensitive actions
• Cold Wallet Storage
• International standard code of practice (ISO 27018) handling for personal and financial data

As of the time of writing, Bitpanda has not experienced any publicly reported security breaches.

Bitpanda fees

Bitpanda offers free deposits and withdrawals for both fiat currency and cryptocurrency. This makes moving money in and out of your account straightforward and economical. Keep in mind that there will be a standard network fee for cryptocurrency withdrawals, but this is a blockchain fee and not imposed by Bitpanda directly.

Through Bitpanda's clear and consistent pricing structure, you should always know the exact cost of your trade. Prices, including all fees for different order types, are shown transparently at the time of the transaction. Under the flat fee structure, Bitcoin trades start at 0.99% and other cryptocurrency trades have fees of up to 2.49%. Unlike some other platforms, Bitpanda does not use a potentially complicated maker/taker system or offer fee reductions based on trading volume, ensuring the pricing remains the same regardless of how much you trade.

Bitpanda Fee Summary

Transaction Type	Fee
Standard crypto trades	from 0.99% premium/spread to 2.49% in some cases
Deposits	Free
Withdrawals	Free
Credit card payment deposits	Free (card issuers may charge)
PayPal (UK) deposits and withdrawals	Free

Bitpanda features and tools

Bitpanda offers a wide array of extra features designed for the more experienced crypto investor:

Bitpanda crypto staking

Staking is a process that typically involves earning cryptocurrency by participating in the validation of transactions on ‘Proof of Stake’ blockchains. The reward for this participation is usually in the form of additional crypto. In theory, staking through Bitpanda can mean a crypto holding grows in the background with minimal activity from the user.

There are more than 50 cryptocurrencies on the Bitpanda staking list, including popular options like Cardano (ADA), Solana (SOL), Polkadot (DOT) and Kusama (KSM). Staking rewards are typically distributed on a weekly basis and are automatically added to your staked balance, allowing your earnings to compound over time. However, it is worth noting that Bitpanda reserves the right not to pay out staking rewards at its own discretion. It is also important to remember that staking carries significant risks, including the potential loss of some or all of your capital due to network penalties, commonly known as ‘slashing’. Your staked assets may also become locked as part of an indefinite ‘unbonding period’, during which time you cannot sell them and they will not generate rewards. What’s more, staking rewards are only estimates and are not guaranteed and in some instances, network rewards may not be distributed to you at all.

Make sure you fully understand the staking process, and how it works on Bitpanda specifically, before you start.

Bitpanda UK crypto indices

The Bitpanda Crypto Index (BCI) offers a simple, one-click solution to invest in a diverse portfolio of leading cryptocurrencies, allowing users to bypass the hassle of manually selecting individual coins and rebalancing holdings.

Here’s how it works:

1. Choose your index - Select one of the available indices
2. Pick a deposit amount - Starting from as little as £10
3. Automatic purchase - Your investment buys a basket of top-ranking cryptocurrencies, weighted by market cap and liquidity
4. Expert management - The index is professionally managed and rebalanced monthly by MarketVector Indexes
5. Dynamic adjustments - Your portfolio is automatically adjusted to reflect changes in weightings as the market fluctuates

Bitpanda limit orders

You can automate your crypto investing on the Bitpanda app by following these steps:

1. Start an order - Initiate your order from the home screen, the main 'buy flow' or the page for the specific asset you wish to trade
2. Build the order - Specify the asset, your target price and the exact amount you want to buy or sell
3. Review the order - View all your active orders by selecting 'check all orders' or by navigating to the individual asset pages
4. Execute the order - Once your set target price is reached, the order will be automatically submitted

Bitpanda Margin trading

Margin trading allows you to increase your market exposure by borrowing funds to trade a larger position than your initial deposit would otherwise allow. On Bitpanda, UK users can access up to 3x leverage on over 120 supported cryptocurrencies.

To open a position, you provide a ‘margin’ (collateral), and Bitpanda provides the remaining capital. For example, with 3x leverage, a £100 margin allows you to control a £300 position. While this can triple your potential profits if the price goes up, you could lose your collateral if the price falls and your position is liquidated.

Key considerations for margin trading include:

• Appropriateness test - Because margin trading is complex and high-risk, users must pass a brief appropriateness questionnaire to prove they understand the risks before they can start.
• Liquidation risk - If the market moves against you and your margin level drops below a specific threshold (the ‘Liquidation Price’), Bitpanda will automatically close your position to prevent further losses. This could result in the total loss of your initial margin.
• Costs - While there is no fee to open a margin trade, Bitpanda charges a daily ‘extension fee’ (0.18%), which is charged proportionately every 4 hours. There is also a 0.3% fee to close the position manually.

Margin trading is a sophisticated tool and is generally not recommended for beginners. It is important to use features like ‘Stop Loss’ orders to manage your risk and ensure you never invest more than you can afford to lose.

Margin trading involves borrowing crypto assets to amplify potential gains and losses. Even small price changes can lead to margin calls or liquidation, potentially resulting in the loss of your entire capital. Borrowing fees accrue every 4 hours and adversely affect your margin level. Margin trading is for experienced traders only. Ensure you understand the risks and can bear substantial or total financial loss. Never trade with money you cannot afford to lose.

What are the pros and cons of Bitpanda?

Here are the key pros and cons of choosing Bitpanda:

Pros of Bitpanda

• No deposit or withdrawal fees
• 600+ cryptocurrencies available
• £1 minimum order
• Mobile app with beginner-friendly interface
• 24/7 trading
• Crypto indices option
• Transparent fees
• Spotlight feature for finding new cryptoassets

Cons of Bitpanda

• No access to stocks, ETFs or metals
• Spread fees higher than some competitors
• Instant buy fees up to 2.49%
• Limited advanced trading tools compared to some competitors

How to open a Bitpanda account

The process of getting started with Bitpanda* is fast and simple. After completing the standard Know Your Customer (KYC) procedure, which involves submitting ID and a brief video verification, users can access an easy-to-use dashboard that allows them to monitor prices, track their portfolios, and trade digital assets.

You can also sign up through the Bitpanda mobile app, available for both iOS and Android, which provides full account access. Its design prioritises usability, featuring a clean interface and smooth performance, making it a great way to trade or monitor crypto on mobile.

Here are the five key steps to follow to set up your account:

1. Visit the Bitpanda site and click "Sign-up" - You will be prompted to provide your email address, set a secure password, and accept the terms and conditions
2. After signing up, look for a verification email from Bitpanda in your inbox - To activate your account, simply click the link within the message to confirm your email address
3. To begin trading, Bitpanda requires you to verify your identity - The platform will walk you through this process, which involves providing photo ID (such as a passport or driving licence) and completing a brief video verification
4. To comply with new UK regulations, you will be required to complete an appropriateness assessment - This is a brief questionnaire designed to confirm your understanding of the risks associated with cryptocurrency investing
5. After your account is verified, a 24-hour cooling-off period will apply before you can begin trading - To enhance your account's security, enable two-factor authentication (2FA) in your account settings

What payment methods does Bitpanda support?

You can add funds to your Bitpanda account for free by credit card, debit card, bank transfer or PayPal.

Is Bitpanda any good?

Bitpanda* is a solid and reliable choice for new and occasional crypto investors who are not deterred by the lack of advanced trading tools and non-crypto asset classes. The vast selection of coins available, plus the user-friendly app that supports investing in various crypto indices, means novice investors can really explore different crypto options through a diversified approach. This is supported by the fee structure, which is transparent and does not punish low-volume traders.

That being said, experienced crypto investors may find that other platforms reward their large trading volumes more effectively through lower fees and more advanced tools and features.

When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future results.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

 

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