Understanding the fees and premiums on Bitpanda is essential for making informed trading decisions. This article explains our fees and highlights the educational resources and loyalty programs available to help you maximise your investments.
Why does Bitpanda charge fees and premiums?
Bitpanda charges fees and premiums to cover essential services that enhance your trading experience. These costs support:
- Top-Tier Security: Protecting your assets with industry-leading security measures;
- Platform Maintenance: Regular updates and features to keep the platform user-friendly;
- 24/7 Customer Support: Access to our expert support team whenever you need assistance;
- Regulatory Compliance: Ensuring that Bitpanda meets all legal requirements to safeguard your investments.
The Bitpanda fee structure, broken down
1. Trading Premiums
Buy Premiums: A premium is added to the market price when you buy digital assets. This premium covers platform operation costs, including security and compliance.
Sell Premiums: When selling digital assets, a similar premium is applied to ensure a smooth transaction process while covering operational expenses.
2. Deposit and Withdrawal Fees
Free Euro SEPA bank transfers: Deposits and withdrawals via SEPA bank transfers are typically free for most users, with the exception of potential fees charged by the bank. Bitpanda does not charge for SEPA transfers done in Euro.
Other payment methods: Using credit cards or third-party services may incur fees from your bank, which are clearly and transparently displayed during the transaction. Bitpanda does not charge any fees for depositing money into your account.
3. Metals
At Bitpanda, we charge no fees for holding and storing metals. When you buy metals at Bitpanda, they are fully insured VAT-free, and physically stored in a secure location, without you having to pay any fees to Bitpanda.
Bitpanda fees vs. competitors: what sets us apart?
At Bitpanda, we offer a comprehensive suite of features:
- Bonuses and rewards: Our instant trade bonus offers users a BEST reward (0.05% to 0.25% based on BEST VIP level) calculated on the trade value, helping to offset higher fees.
- Wide range of digital assets: Trade a diverse selection of cryptocurrencies, digital assets, and commission-free stocks all in one place;
- User-friendly interface: Designed to cater to both beginners and seasoned investors;
- Robust security and compliance: Enjoy peace of mind with advanced security protocols protecting your assets.
- Regulation you can trust: After many years on the market, Bitpanda continues to grow and evolve along with ever-changing regulations in the financial landscape, making us a trustworthy longtime partner for your investments.
Some competitors might compromise on these crucial features, but Bitpanda takes a balanced approach that prioritises your security, convenience, and value for money.
Enhance your trading knowledge with Bitpanda
Bitpanda is dedicated to helping you make informed trading decisions. We offer a variety of educational tools, including:
- Bitpanda Academy: Learn how to invest, all about personal finance, Bitcoin and cryptocurrencies, while becoming an expert in personal finance with our free and regularly updated eLearning platform
- Step-by-step tutorials: Get up to speed with our easy-to-follow tutorials designed to help you navigate Bitpanda’s platform
Bitpanda loyalty programs: save on fees and earn rewards
We reward loyalty at Bitpanda with programs that reduce your fees and provide additional benefits. Invite friends to Bitpanda and earn rewards when they join and trade.
Engage with Bitpanda on Social Media
Stay connected with Bitpanda through our proactive social media channels, and benefit from:
- Success stories: Learn from others who have succeeded on Bitpanda
- Educational content: Stay informed with the latest tips and updates
- Updates and information: Get immediate feedback from our social media team about updates, happenings and things to look out for
- Connect with the community: Engage in conversations and exchanges with others who use the app, and share your knowledge as well
Conclusion: Bitpanda fees offer value for security and convenience
Bitpanda’s fees and premiums are designed to provide a secure and reliable trading environment. We offer educational resources, loyalty programs, and peer-to-peer exchanges through social media to help our users trade with confidence, knowing that their investments are secure. In addition, our fee structure does not include storage or deposit fees, allowing them to trade without incurring these extra costs.
For more detailed information on which fees and premiums you can expect, visit the page on Bitpanda's fees and premiums.