Updated October 17, 2026 · HodlCue Editorial Team
Bitpanda vs Skrill
Bitpanda
Higher score in this comparison
Skrill
Bitpanda vs Skrill: the differences
| Compare | BitpandaReviewVisitVisit | SkrillReviewVisitVisit |
|---|---|---|
| Monthly fee | €0Lower | €5 |
| Currency conversion fee | 0%Lower | 3.99% |
| Card type | Debit | Prepaid |
| Card network | Visa | Mastercard |
| Cashback rate | 1% | Not confirmed |
Same on both: Custody (Custodial).
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Key differences
- Bitpanda scores higher overall: 9.1 vs 8.1.
- Bitpanda is licensed in 2 more countries.
- Monthly fee is lower at Bitpanda: €0 vs €5.
- Currency conversion fee is lower at Bitpanda: 0% vs 3.99%.
- Features: only Bitpanda offers Custodial, Travel.
Our verdict on each
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.
Skrill
Skrill suits crypto holders who want a prepaid card and a virtual card on one multi-currency balance, and who are comfortable with a custodial provider holding the balance. The catch is cost: a €5 monthly charge and a 3.99% conversion fee, where prepaid rivals such as Bitpanda charge €0.
Score breakdown
| Area | Bitpanda | Skrill |
|---|---|---|
| Cost | 9.4HigherMonthly fee of €0 and currency conversion fee of 0%, so card spending costs nothing on either count. | 8.1 |
| Offer | 8.8 | Not confirmed |
Where each is licensed and available
| Country | Bitpanda | Skrill |
|---|---|---|
| Austria | Austrian Financial Market Authority (FMA) MiCA CASP 5493007WZ7IFULIL8G21 AT_FMA PSD_EMI AT_FMA_54966 | Not confirmed |
| Germany | Federal Financial Supervisory Authority (BaFin) MiCA CASP 9845005X9B7N610K0093 | Not confirmed |
| Ireland | Not confirmed | Central Bank of Ireland (CBI) MiCA CASP 213800QBQVHWRBHJTA89 IE_CBI PSD_EMI IE_CBI!C184986 |
| Malta | Malta Financial Services Authority (MFSA) MiCA CASP 984500DEID7B03J77118 | Not confirmed |
How they place
| Ranking | Bitpanda | Skrill |
|---|---|---|
| Crypto debit cards | 4 of 145 | 6 of 145 |
Where these facts come from
Bitpanda
- bitpanda.com: 5 facts, checked September 26, 2026
- cryptocardhub.com: 2 facts, checked September 26, 2026
- esma.europa.eu: 2 facts, checked September 26, 2026
Skrill
- skrill.com: 6 facts, checked September 26, 2026
- esma.europa.eu: 2 facts, checked September 26, 2026
Every fact side by side
| Fact | Bitpanda | Skrill |
|---|---|---|
| Features | Crypto, Custodial, Multi currency, Travel, Virtual cardCovers more | Crypto, Virtual card, Multi currency |
| Legal entity | Bitpanda GmbH | Paysafe Payment Solutions Limited. |
| Headquarters | Austria | Ireland |
Crypto exchanges
| Fact | Bitpanda | Skrill |
|---|---|---|
| Coins listed | from 650 | Not confirmed |
| Regulators | FMA (Austria), BaFin (Germany), Austrian Financial Market Authority (FMA), Federal Financial Supervisory Authority (BaFin), Malta Financial Services Authority (MFSA) | Not confirmed |
| Exchange type | Cex | Not confirmed |
Where each stands against the rest
| Fact | Bitpanda | Skrill | Median |
|---|---|---|---|
| Monthly fee | €0at the median | €5highest quarter | €0 |
| Currency conversion fee | 0%below the median | 3.99%highest quarter | 0.25% |
| Cashback rate | 1%lowest quarter | Not confirmed | 2% |
Median across 58 listed providers.
Pros and cons
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
Skrill
Pros
- Spending draws on a multi-currency balance, so holding and using several currencies sits in one place
- The card runs on mastercard, the network most prepaid rivals in this category also use
- A virtual card is offered alongside the physical one, which suits online-only spending
Cons
- A €5 charge applies, while prepaid alternatives such as Bitpanda and Monzo Flex carry €0 and £0
- The 3.99% currency conversion fee is well above the 1% median of the cards compared
- It ranks 228 of 237 on currency conversion fee, so converting often is costly here
Who each suits
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
Skrill
Who it suits
- Crypto holders who want to spend from a multi-currency balance without opening a bank current account
- Anyone comfortable with a custodial provider holding the balance and with a prepaid card rather than a debit card
Who should look elsewhere
- People who want a free card: Monzo Flex, Wise and Bitpanda each list £0, £0 and €0
- Travellers who convert often, since the 3.99% conversion fee is heavy next to the 1% median
- Anyone who wants to hold their own keys, as custody is custodial
Country by country
| Country | Bitpanda | Skrill |
|---|---|---|
| Austria | Yes | No |
| Belgium | Yes | No |
| Croatia | Yes | No |
| Cyprus | Yes | No |
| Estonia | Yes | No |
| Finland | Yes | No |
| France | Yes | No |
| Germany | Yes | No |
8 of 20 countries where either is available.
Questions about each
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%.
Skrill
How much does the Skrill card cost to hold each month?+
The card carries a €5 charge. Prepaid rivals are often free: Monzo Flex lists £0, Wise lists £0 and Bitpanda lists €0. The €0 median across the cards compared is €0, so a free card is the norm in this field and this one is not.
What does it cost to convert currency on the Skrill card?+
Converting costs 3.99%, which is well above the 1% median of the cards compared. Skrill places 228 of 237 on that measure. A multi-currency balance is the practical way round it, since you can hold the currency you want to spend in rather than converting at the till.