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Bitpanda review

Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026

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.

Our verdict

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.

Key facts

Best for
A free custodial crypto card from a regulated European exchange.
Monthly fee
€0↗
Currency conversion fee
0%↗
Card type
Debit↗
Cashback rate
1%↗
Card network
Visa↗
Custody
Custodial↗
Legal entity
Bitpanda GmbH↗
Headquarters
Austria↗
Features
Crypto, Custodial, Multi-currency, Travel, Virtual card
Official website
bitpanda.com

Crypto exchanges

Coins listed
from 650↗
Regulators
FMA (Austria), BaFin (Germany), Austrian Financial Market Authority (FMA), Federal Financial Supervisory Authority (BaFin), Malta Financial Services Authority (MFSA)↗
Exchange type
Cex↗

Facts checked September 26, 2026, 4 sources

Apps and profiles

Elsewhere
WikidataLinkedInTrustpilotXfacebook.comyoutube.com

Pros and cons

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
  • Regulated in three European countries: Austria under the FMA, Germany under BaFin and Malta under the MFSA
  • An exchange listing from 650 against a typical median of 62, so the trading side is far wider than the card comparison set

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
  • The comparison set for monthly fee runs to €148.23, and this card sits at the free end of that range
Bitpanda

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Scored 9.1 / 10 by HodlCue.

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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

Safety and regulation

Custody is custodial. The provider holds the crypto, which keeps the practical burden of securing keys off the user but leaves the balance dependent on one licensed company. Bitpanda GmbH is headquartered in Austria and the group is licensed in several European countries, each with its own register entry: MiCA CASP 5493007WZ7IFULIL8G21 for the Austrian Financial Market Authority, MiCA CASP 9845005X9B7N610K0093 for the Federal Financial Supervisory Authority in Germany, and MiCA CASP 984500DEID7B03J77118 for the Malta Financial Services Authority. The Austrian entity also appears on the electronic money register as PSD_EMI AT_FMA_54966. Custodial card providers are 23.5% of the wider site, so this is the common setup in the category rather than an outlier.

Using it day to day

The card type is debit and the network is visa. That pairing means the card behaves like an ordinary bank card at the till, with spending drawn against the balance held in the account, and it works wherever Visa is accepted. Card providers in the comparison set lean the same way: 73.4% of them are debit cards and 57.6% of them run on Visa, so this is the mainstream setup. The card also carries virtual card and travel features, which suits anyone who wants a separate card number for online spending or for use abroad.

Where it sits among rivals

On the currency conversion fee, Bitpanda ranks 1 out of 237 brands ranked on that measure, which puts it at the cheapest end. On the monthly fee the position is the same: 1 out of 379. Both figures matter for a card, because they are the two costs that apply every month. The comparison context explains why: the typical currency conversion fee across the site is 1%, with a spread from 0% to 10.5%, and the typical monthly fee is €0 with a maximum of €99.

Trading and withdrawal fees

The monthly fee is €0, so there is no recurring account charge on this card. The currency conversion fee is 0%, which means spending the balance in another currency adds no conversion markup on top of the exchange rate. Both apply to the card account rather than to a paid tier. For contrast, the alternatives carry a monthly fee of £0 for Monzo Flex, £0 for Wise and $0 for the BMW Card from American Express, so on a monthly charge the four are level and the difference comes from what the card is for. The trading side sits outside the card: the typical taker fee across the site is 0.2%, and the card comparison set runs a median of 0.35% between 0.1% and 0.8%.

Who runs it

The legal entity is Bitpanda GmbH and the headquarters country is AT, so the group is Austrian. The group holds registrations across three European regulators, each with a register entry in its own jurisdiction: MiCA CASP 5493007WZ7IFULIL8G21 with the Austrian Financial Market Authority, MiCA CASP 9845005X9B7N610K0093 with the Federal Financial Supervisory Authority in Germany, and MiCA CASP 984500DEID7B03J77118 with the Malta Financial Services Authority. The Austrian entity also appears on the electronic money register as PSD_EMI AT_FMA_54966. The exchange side of the business is a centralised exchange listing from 650, which is broad: the median across the site is 62 and the median for the card comparison set is 50.

How Bitpanda compares

Where Bitpanda is available

Available
Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain
Licence in Austria
FMA, checked September 26, 2026
Licence in Austria
Austrian Financial Market Authority (FMA) (MiCA CASP 5493007WZ7IFULIL8G21), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
Licence in Germany
Federal Financial Supervisory Authority (BaFin) (MiCA CASP 9845005X9B7N610K0093), checked September 26, 2026, also valid in Germany, Austria, Belgium, Bulgaria, Cyprus, Czechia, Denmark, Estonia, Greece, Spain, Finland, France, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
Licence in Malta
Malta Financial Services Authority (MFSA) (MiCA CASP 984500DEID7B03J77118), checked September 26, 2026, also valid in Malta
Licence in Austria
AT_FMA (PSD_EMI AT_FMA_54966), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

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%.

Who holds the crypto on my card balance?+

Custody is custodial, which means the provider holds the coins rather than the account holder. That is simpler to manage and removes the need to manage keys, but it also means the balance depends on the licensed company holding it.

Which regulators supervise Bitpanda?+

The group is licensed in three European countries. Register entries cover the Austrian Financial Market Authority at MiCA CASP 5493007WZ7IFULIL8G21, the Federal Financial Supervisory Authority in Germany at MiCA CASP 9845005X9B7N610K0093, and the Malta Financial Services Authority at MiCA CASP 984500DEID7B03J77118. The Austrian entity also appears on the electronic money register as PSD_EMI AT_FMA_54966.

What kind of card is it and what network does it run on?+

The card type is debit and the network is visa, so it works in the same places and apps as any other Visa card. Card providers in this comparison set mostly look the same: 73.4% of them are debit cards and 57.6% of them run on Visa.

How many coins can I trade on the exchange side?+

The exchange lists from 650. The median across the whole site is 62, and the median for the card comparison set is 50, so the trading range is much wider than the median card provider.

Is there any cashback on spending?+

Cashback runs at 1% on the card. That credit stays in the account and can be spent again, which is the practical difference from a rewards card where the benefit is tied to a named partner.

Who is the company behind the card?+

The legal entity is Bitpanda GmbH and the headquarters country is AT, making it an Austrian company with registrations also in Germany and Malta. The exchange itself is a centralised exchange, the dominant model on the site at 91.2%.

Sources

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Free ATM withdrawals, Protection.

Bitpanda

Bitpanda

A free custodial crypto card from a regulated European exchange.

9.1/10Visit