Bitpanda vs. Bitvavo – Comparison for 2024
Bitpanda and Bitvavo are crypto trading platforms based in Europe that are popular choices among crypto investors in 2024.
In this direct comparison of Bitvavo vs. Bitpanda, we reveal the pros and cons of both these crypto platforms, helping you decide whether Bitvavo or Bitpanda is better for you.
Registration and KYC
The process of registering an account on Bitvavo and Bitpanda is very similar, as both these platforms follow European guidelines and employ a verification procedure.
In our practical test however, Bitvavo had a slightly faster and more convenient registration than Bitpanda, as Bitvavo only required uploading an ID document and recording a quick selfie, while Bitpanda required entering a video call for verification.
This leads us to rate Bitpanda with 90/100 points and Bitvavo with 96/100 for convenience and speed of opening an account.
Ultimately, both Bitpanda and Bitvavo have a registration process that is done within just a few minutes, making them both suitable for a quick start into crypto investing.
Trading Platform: Bitpanda vs Bitvavo
Both Bitvavo and Bitpanda can be used via the web as well as mobile devices, specifically iOS and Android.
Bitpanda is a multi-asset broker with a versatile trading offering, while Bitvavo is solely a cryptocurrency exchange.
On all devices, both Bitpanda and Bitvavo offer an easy trading interface, with Bitvavo being the only platform that additionally offers an advanced trading interface with features such as limit orders.
In practice, this means that on Bitpanda, users can trade all sorts of assets from stocks to crypto and metals in beginner-only mode, while Bitvavo only offers crypto trading in both easy and pro modes.
In terms of essential exchange features, both Bitvavo and Bitpanda allow users to withdraw their cryptocurrencies to personal wallets at fair fees. Furthermore, both these exchanges offer a savings plan to automatically DCA into cryptocurrencies. The Recurring Buy feature of Bitvavo, however, is significantly more cost-efficient than the crypto savings plan on Bitpanda.
Ultimately, because Bitvavo also offers rich trading features with Bitvavo Advanced , this crypto exchange is far better for pure crypto investors.
The simple trading platform of Bitpanda , on the other hand, is more appealing to versatile investors who intend to trade many different assets at ease.
Ease of Usage: Bitpanda vs Bitvavo
Bitpanda and Bitvavo both have a similarly easy-to-use crypto trading platform that allows even inexperienced crypto investors to get started trading without much room for error.
This includes offering a simple trading interface with a simple buy and sell button, that makes Bitpanda and Bitvavo equally appropriate for crypto beginners who are afraid of making critical mistakes.
While Bitpanda's easy trading version comes with very high spreads, Bitvavo's easy mode benefits from low trading fees, empowering beginners.
This makes Bitvavo perfect for both advanced traders and crypto beginners who want to maximize their gains with the lowest possible fees. Meanwhile, Bitpanda's simple trading mode is only suitable for beginners who are willing to pay high trading fees.
In our practical test, Bitpanda has received a rating of 92/100 for overall its ease of usage, while Bitvavo received 91/100 points. Trading fees aside, this makes Bitpanda slightly more recommended to absolute beginners than Bitvavo.
Payment Methods: Bitvavo vs Bitpanda
There are some notable differences when it comes to payment methods in this Bitvavo vs. Bitpanda comparison.
While both exchanges offer bank deposits, Bitvavo is the only one to offer PayPal deposits. Since buying Bitcoin with PayPal is convenient and common practice, this gives Bitvavo a clear edge over Bitpanda.
| Bitpanda | Bitvavo | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Mastercard | Yes | Yes |
| VISA | Yes | Yes |
| Klarna | Yes | Yes |
| GiroPay | Yes | Yes |
| Bank transfers | Yes | Yes |
| Skrill | Yes | No |
| PayPal | No | Yes |
Especially for investors from European countries who do not use the Euro as their legal tender, the fact that Bitvavo offers PayPal while Bitpanda does not may be a deciding factor, as PayPal allows those investors to deposit on Bitvavo using their local currency.
Security and Regulation: Bitpanda vs Bitvavo
Bitpanda and Bitvavo are both based in Europe and register with local authorities, which makes Bitvavo and Bitpanda compare equally well in terms of legitimacy and trustworthiness.
| Bitpanda | Bitvavo | |
|---|---|---|
| Based In | Austria | Netherlands |
| Regulatory Body | 🇩🇪 BaFin, 🇦🇹 FMA | 🇳🇱 DNB, 🇦🇹 FMA |
| Crypto Custody License | Yes | No |
In a head-to-head comparison, Bitpanda has a wider frame of regulations and licenses in place than Bitvavo which makes Bitpanda a more regulated and perhaps more stable trading platform than Bitvavo.
Security and Regulation: Bitpanda or Bitvavo?
Because Bitpanda has more strict regulations in place than Bitvavo, we recommend
Bitpanda over Bitvavo to those who want to keep their crypto assets on the trading platform.
For those who want to withdraw their purchased cryptocurrencies and be their own custodian, we see
Bitvavo as a better trading platform than Bitpanda due to significantly lower trading fees.
Fees: Bitpanda vs Bitvavo
In the comparison of Bitvavo vs. Bitpanda, the Bitvavo exchange is better in terms of trading fees that most users will encounter when buying and selling crypto.
For beginners, the default trading mode on Bitpanda comes with a trading fee of 1.49%, while Bitvavo only applies fees of 0-0.25%.
For more advanced traders, the fees of Bitpanda are lagging even further behind Bitvavo's low fees, ever since Bitpanda's advanced cryptocurrency exchange Bitpanda Pro was discontinued in 2023. Trading on Bitvavo's advanced trading interface saves experienced traders a majority of the fees that would occur on Bitpanda.
| Bitpanda | Bitvavo | |
|---|---|---|
| Default Trading Fee | 1.49% | 0-0.25% |
| Advanced Trading Fee | - | 0-0.25% |
| Average Trading Fee | 1.49% | 0.13% |
| Inactivity Fees | 0% | 0% |
At the bottom line, Bitvavo offers optimal trading fees across its entire platform for investors of any experience level, which is by far not the case for Bitpanda.
Trading Fees: Bitpanda Pro vs Bitvavo
With Bitpanda Pro, the Bitpanda broker used to offer a progressive crypto trading fee structure, similar to Bitvavo. Unfortunately, Bitpanda Pro was discontinued in 2023, leaving Bitpanda behind with high trading fees that cannot compete with Bitvavo's lucrative fee structure.
The progressive fee structure on Bitvavo rewards active traders with decreasing trading fees, depending on their volume in any given month.
| Monthly Trading Volume | Bitpanda | Bitvavo |
|---|---|---|
| < 100,000€ | 1.49% | 0.15-0.25% |
| < 250,000€ | 1.49% | 0.1-0.2% |
| < 500,000€ | 1.49% | 0.08-0.16% |
| < 1,000,000€ | 1.49% | 0.06-0.12% |
| < 2,500,000€ | 1.49% | 0.05-0.1% |
| < 5,000,000€ | 1.49% | 0.04-0.08% |
| < 10,000,000€ | 1.49% | 0.04-0.06% |
| < 25,000,000€ | 1.49% | 0.03-0.05% |
| >= 25,000,000€ | 1.49% | 0.03-0.04% |
The lower fees make Bitvavo superior to Bitpanda, for both crypto beginners and advanced traders alike.
Who is better: Bitpanda or Bitvavo?
Both Bitpanda and Bitvavo have their pros and cons but are great crypto trading platforms overall.
Below is an overview of ratings given in this Bitvavo vs. Bitpanda comparison that summarizes the strengths and weaknesses of the two crypto exchanges, and helps you decide whether Bitpanda or Bitvavo is better.
| Bitpanda | Bitvavo | |
|---|---|---|
| Registration Speed | 90% | 96% |
| Tradable Coins | 96% | 96% |
| Fees | 83% | 97% |
| Ease of Usage | 92% | 91% |
| Features | 94% | 90% |
| Final Rating | 91% | 94% |
In our Bitpanda vs. Bitvavo comparison, the broker Bitpanda has received a final rating of 91/100 points, while the crypto exchange
Bitvavo was given a rating of 94/100. Therefore, Bitvavo is our overall winner of this comparison against Bitpanda.