Updated September 29, 2026 · HodlCue Editorial Team
Bitfinex vs Bitpanda
Bitpanda
Bitfinex
Higher score in this comparison
Where Bitfinex and Bitpanda differ
| Compare | BitfinexReviewSee alternativesSee alternatives | BitpandaReviewVisitVisit |
|---|---|---|
| Coins listed | 63 | from 650 |
| Regulators | Digital Assets Service Provider El Salvador | FMA (Austria), BaFin (Germany), Austrian Financial Market Authority (FMA), Federal Financial Supervisory Authority (BaFin), Malta Financial Services Authority (MFSA) |
| Taker fee | 0% | Not confirmed |
| Fiat deposit methods | Card, Bank | Not confirmed |
| Maker fee | 0% | Not confirmed |
| Proof of reserves | Yes | Not confirmed |
| Withdrawal fee | Bank wire 0.1% (min 100 USD/Euro) | Not confirmed |
| Derivatives | Yes | Not confirmed |
Same on both: Exchange type (Cex).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Key differences
- Bitfinex scores higher overall: 9.4 vs 9.1.
- Regulators: only Bitfinex offers Digital Assets Service Provider El Salvador.
- Regulators: only Bitpanda offers FMA (Austria), BaFin (Germany), Austrian Financial Market Authority (FMA).
- Bitpanda is licensed in 2 more countries.
- Features: only Bitfinex offers Staking.
- Features: only Bitpanda offers Crypto, Multi currency, Travel.
Our verdict on each
Bitfinex
Bitfinex is a custodial exchange built for active traders and long-term holders who want a low cost on every fill rather than a very long coin list. It scores 7.3 overall on HodlCue, trading 63 coins, publishing proof of reserves and adding staking on the same account.
Bitpanda
Bitpanda suits people who want one crypto exchange and one debit card with no monthly charge and no currency conversion markup. The catch is how the money is held: the card is custodial, so the provider keeps the crypto rather than the holder. Regulated entities sit in Austria, Germany and Malta.
Score breakdown
| Area | Bitfinex | Bitpanda |
|---|---|---|
| Cost | 9.8HigherSpot taker fee of 0% and maker fee of 0%, so trading costs sit at the floor. | 9.4Monthly fee of €0 and currency conversion fee of 0%, so card spending costs nothing on either count. |
| Offer | 9.2HigherDerivatives and staking with a yield of 3% to 6%, but a coin list of only 63. | 8.8 |
| Trust | 9.2 | Not confirmed |
How they place
| Ranking | Bitfinex | Bitpanda |
|---|---|---|
| Crypto exchanges | 37 of 297 | 6 of 297 |
Every fact side by side
| Fact | Bitfinex | Bitpanda |
|---|---|---|
| Features | Custodial, Staking | Crypto, Custodial, Multi currency, Travel, Virtual card |
| Legal entity | iFinex Inc. | Bitpanda GmbH |
| Headquarters | Virgin Islands, British | Austria |
| Founded | 2012 | Not confirmed |
| Support channels | Chat, Help centre, Community | Not confirmed |
Crypto earn
| Fact | Bitfinex | Bitpanda |
|---|---|---|
| Yield | 3% to 6% | Not confirmed |
| Supported assets | TRX, SOL, ADA, DOT, ETH | Not confirmed |
| Lock-up terms | Soft staking, no lock except ETH2 which needs unstaking (weeks to months) | Not confirmed |
| Custody | Custodial | Custodial |
Where each stands against the rest
| Fact | Bitfinex | Bitpanda | Median |
|---|---|---|---|
| Taker fee | 0%lowest quarter | Not confirmed | 0.15% |
| Coins listed | 63below the median | from 650highest quarter | 76 |
| Maker fee | 0%below the median | Not confirmed | 0.1% |
Median across 219 listed providers.
Pros and cons
Bitfinex
Pros
- Proof of reserves is published, which gives you something concrete to check before you deposit.
- Card and bank fiat deposits are both supported, and help runs on chat, help centre and community when something goes wrong.
- Staking is soft, so coins are not locked, except the ether position, which has to be unstaked first over weeks to months.
Cons
- A list of 63 coins puts it at 89 of the 172 brands we track, below the 344.5 the widest lists reach.
- Custody is custodial, so the exchange holds your coins rather than a wallet you control.
- Support runs on chat, help centre and community only, with no email or phone line for urgent cases.
Bitpanda
Pros
- Monthly fee of €0 and a currency conversion fee of 0%, which beats the card comparison set where the typical figure is 1%
- A debit card on the visa network, so it works in the same terminals and apps as other Visa cards
- Cashback of 1% on spending, money that stays in the account rather than being spent twice
Cons
- Custody is custodial, so the provider holds the crypto and the holder does not control the keys
- A currency conversion fee of 0% leaves no room to cut costs elsewhere, unlike Wise where spending money abroad is the point
- The card is a debit card, so a crypto balance cannot be moved into a self-custody wallet the way it can from a non-custodial provider
Who each suits
Bitfinex
Who it suits
- Traders who trade often enough for the taker fee to matter more than the coin list.
- Holders who want a staking yield without locking up access to most of their coins.
- Traders who want spot and derivatives handled from a single account and one fee schedule.
Who should look elsewhere
- Bitpanda, if the coin list matters most to you: it lists from 650 coins against 63 on Bitfinex.
- bunq, if you would rather see a stated taker fee of 0.25% to 1.99% than trade at 0%.
- ActivTrades, if a short list of 9 coins covers everything you want to trade.
Bitpanda
Who it suits
- Anyone who wants a single regulated European exchange with a spending card attached
- People who spend in euro and rarely need to convert, given the currency conversion fee of 0%
- Holders who prefer a custodial setup run by a licensed company rather than managing keys themselves
Who should look elsewhere
- Self-custody holders, since custody here is custodial and the keys stay with the provider
- Anyone whose main need is cheap international spending, where Wise is the better fit
- Credit users, since the card is a debit card and Monzo Flex or the BMW Card from American Express are built around borrowing
Country by country
| Country | Bitfinex | Bitpanda |
|---|---|---|
| Austria | No | Yes |
| Belgium | No | Yes |
| Croatia | No | Yes |
| Cyprus | No | Yes |
| Estonia | No | Yes |
| Finland | No | Yes |
| France | No | Yes |
| Germany | No | Yes |
8 of 20 countries where either is available.
Questions about each
Bitfinex
What are the trading fees on Bitfinex?+
Spot trading is charged at 0% for takers and 0% for makers, so both sides of the book sit at the same figure. That places Bitfinex at 1 on taker fee among the 118 brands we compare, while the site median sits at 0.2%.
How much does it cost to withdraw?+
A bank wire withdrawal costs Bank wire 0.1% (min 100 USD/Euro), and that is the figure published in the exchange's fee table. Because the charge includes a stated minimum, a small transfer can cost more to move than the rate alone suggests, so fewer larger withdrawals usually make more sense than a run of small ones.
Bitpanda
How much does the Bitpanda card cost to hold?+
The monthly fee is €0, so there is no recurring charge for keeping the card and using it. The typical monthly fee across the site is €0, with a highest figure of €99, so this card sits at the free end of the range.
Does the card charge for spending in another currency?+
The currency conversion fee is 0%, so there is no conversion markup on top of the exchange rate. For comparison, the typical conversion fee across the site is 1% and the spread runs from 0% to 10.5%.
Other options to compare
Other matchups
Bitpanda
Bitfinex