What is Bitpanda Metals?

With Bitpanda Metals we give you the ability to trade and swap gold, silver, palladium and platinum on Bitpanda just as easily as with cryptocurrencies and digital assets.

Tip: Once the decision to include new metals has been made, our users and followers will be informed via our blog, our newsletter, the Bitpanda Coin Alert Newsletter and our social media channels.

How can I buy gold, silver, palladium and platinum?

To buy Bitpanda Metals, please follow the steps on how to buy cryptocurrencies and digital assets.

Tip: In order to buy, sell and swap our digitised gold, silver, palladium and platinum you will need a verified Bitpanda account.

Is it possible to trade precious metals on Bitpanda Pro?

No. At the moment, it is not possible to trade precious metals on Bitpanda Pro. But, should this change in the future, we will announce it on our social media channels.

How does Bitpanda Metals work?  

You can enjoy the same convenience Bitpanda offers for cryptocurrencies, now with Bitpanda Metals.

Bitpanda physically backs the metal tokens, which means that each token of gold, silver, palladium and platinum that you buy represents a certain amount of physical gold, silver, palladium or platinum that is stored and insured in a vault in Switzerland by our partners pro aurum and philoro

When trading precious metals on Bitpanda, you don’t move it from its physical location therefore, it remains inside the vault. You will be trading gold, silver, palladium and platinum tokens which are backed by physical gold, silver, palladium and platinum, insured and stored in the secure vault in Switzerland. 

Tip: Tokens are denoted in gram (g) which means that one token equals one gram of gold, silver, palladium and platinum.

Tip: Please note that our charts for precious metals will not show any significant movements over the weekends due to the fact that gold, silver, palladium and platinum are part of traditional markets that partially halt trading over that time. On Bitpanda, however, you can still trade precious metals on weekends.

Swap precious metals with any other digital asset

Gold, silver, palladium and platinum will be integrated as tokens on Bitpanda. You can imagine it like any other digital asset we offer at the moment. This means that you can swap it to any digital asset, including other digitised precious metals.

Set up savings plans for gold, silver, palladium and platinum

You can buy precious metals on a recurring and ongoing basis with Bitpanda Savings. You can set up as many savings plans as you want. You can cancel your savings plan at any time or temporarily pause and later resume it.

Where is the vault and how does the storage work?

We are storing all metals in a duty-free storage vault in Switzerland.

Do I have to pay fees or premiums for precious metals?

Yes. You pay a premium when buying/selling precious metals, and there are storage fees. It will be calculated daily and reduced from your respective Metals wallet on a weekly basis. If the wallet balance is 0, no fees are deducted.

Tip: Storage and insurance for precious metals on Bitpanda is a lot cheaper than the usual amount for storing precious metals in a secure and insured vault. Learn how you can reduce your trading premiums and storage fees by using BEST.

Gold

For buying gold, the premium is 0.5% of the amount you buy and for selling gold, the premium is 1% of the amount you sell. Insurance and storage fees are waived for all users when buying the first 20g of gold. For all holdings above this amount you pay our standard fee of 0.0125% per week of the total gold amount you hold, which is a lot cheaper than the usual amount for storing precious metals in a secure and insured vault.

Silver

For silver, you pay a premium of 2.5% for buying and 2% for selling. Insurance and storage fees are waived for all users when buying the first 200g of silver. For all holdings above this amount you pay 0.025% per week of the total silver amount you hold. While the premiums and fee for silver are a little bit higher than for gold, it is still a lot cheaper than what you usually have to pay for a service like this.

Palladium

For palladium, you pay a premium of 2.2% for buying and 1.8% for selling. Insurance and storage fees are waived for all users when buying the first 20g of palladium. For all holdings above this amount you pay our standard fee of 0.025% per week of the total palladium amount you hold, which is a lot cheaper than the usual amount for storing precious metals in a secure and insured vault.

Platinum

For platinum, you pay a premium of 2.5% for buying and 2% for selling. Insurance and storage fees are waived for all users when buying the first 20g of platinum. For all holdings above this amount you pay our standard fee of 0.025% per week of the total platinum amount you hold, which is a lot cheaper than the usual amount for storing precious metals in a secure and insured vault.

Frequently asked questions

Visit our Metals FAQ to find answers to all your questions and have a look at our dedicated blog post.

For additional information regarding Bitpanda Metals, please read our Terms & Conditions.

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