Bitpanda vs Crypto.com | Reason Why We Prefer Bitpanda More
Jack Moreau
Apr 2024
10 min read
Fact checked
Looking to trade cryptocurrencies and unsure if to choose Bitpanda vs Crypto.com? Our team has done the research so you don't have to. We've analyzed everything from KYC requirements, trading fees, product range and cryptocurrencies, user experience and more to determine which exchange is best!
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
In the world of cryptocurrency trading, there are many exchanges to consider. Two well known and popular platforms are Bitpanda and Crypto.com.
Bitpanda is an Austrian-based cryptocurrency broker that has been around since 2014. The exchange allows users to buy and sell cryptocurrencies, stocks, ETFs, and commodities like gold and silver.
Bitpanda has a wide selection of stocks and ETFs and provides access to its trading platform through its exchange available via browser and mobile app.
Bitpanda primarily services European countries, while Crypto.com is available in 180 countries,
Bitpanda exchange
Bitpanda has over 4 million users, with over 1 million app downloads and an average 3.2-star rating based on 35,000 reviews.
It supports over 100 cryptocurrencies, including Bitcoin, Ethereum, and Cosmos, as well as fan tokens such as Barcelona FC and Manchester City.
Bitpanda app
Crypto.com is a global platform that offers a range of services, including spot trading, staking, and lending.
Crypto.com exchange
The exchange enables users to trade popular cryptocurrencies such as Bitcoin, Ethereum and its native token, Crypto.com Coin (CRO).
The platform also offers the Crypto.com Visa Card which allows users to spend their crypto holdings seamlessly and earn rewards.
This also includes a presence in more heavily regulated countries like the United States, Canada and the UK.
The platform is available on Android and IOS with over 10 million downloads and a fantastic 4.6-star rating based on over 400,000 reviews.
Crypto.com supports a solid range of 250 cryptocurrencies, including Bitcoin, Ethereum, and many other altcoins.
Crypto.com app
Bitpanda vs Crypto.com Signup & KYC
There are a few things you should know when it comes to signing up for Bitpanda and Crypto.com.
First off, KYC verification is mandatory on both platforms, which means that you will need to provide certain documents and information to prove your identity.
Having said that, the signup process for both Bitpanda and Crypto.com is relatively simple and straightforward.
To sign up for Bitpanda, all you need to do is enter your basic information such as your name, email, and country of residence.
Once you have confirmed your email, you will need to answer a few questions and upload your passport and a selfie.
The KYC verification process can take up to 2 business days to get verified but in most cases, it should be done in 20 minutes.
Bitpanda signup
Signing up for Crypto.com is also a quick process. The KYC verification process requires you to provide your full legal name and a picture of a government-issued ID.
Once you have submitted all the required documents, you will typically receive verification within a few minutes to a few hours.
Overall, both Bitpanda and Crypto.com are great exchanges with simple and quick signup processes and with mandatory KYC verification for all of its user.
Bitpanda vs Crypto.com Products & Services
Bitpanda and Crypto.com are both well-known exchanges that cater to the European and global market respectively.
Bitpanda offers its European users the ability to invest in over 100 cryptocurrencies, 100s of stocks such as AAPL, MSFT, GOOGL, ETFs, crypto indices, precious metals and commodities.
Bitpanda products and services
The company also offers the Bitpanda card that lets users spend their crypto, staking rewards for over 20 cryptos such as ADA, SOL, DOT and ATOM, and an institutional custody service.
Bitpanda staking rewards
Bitpanda has done a great job when it comes to the user experience. The website is quite simple but modern, beginner-friendly and easy to navigate. Bitpanda Pro exchange has a daily spot trading volume of $10 million.
Bitpanda Crypto Markets
Crypto.com has emerged as a leading cryptocurrency exchange and achieved considerable popularity, particularly in the United States and Europe.
This success can be attributed to its extensive marketing efforts and a diverse range of products and services tailored to meet the needs of a broad audience.
At its core, Crypto.com provides spot trading which enables users to buy and sell over 290 well-known cryptocurrencies.
Crypto.com Spot Trading
Additionally, the platform supports margin trading so that traders can take long or short positions on cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), with up to 5X in leverage.
Crypto.com Margin Trading
For the more sophisticated traders, Crypto.com has expanded to include derivatives trading with over 100 perpetuals and quarterly futures, with leverage reaching up to 20X.
For users interested in automated trading, Crypto.com offers three types of trading bots: grid, DCA (Dollar Cost Averaging), and TWAP (Time Weighted Average Price).
Crypto.com Trading Bots
These bots are designed to simplify and automate trading strategies, catering to both new and experienced traders.
Crypto.com's trading volumes rank within the top 30 globally with both spot and derivatives volumes around $1 billion over a 24-hour period. This is much higher than Bitpanda but quite a bit lower than market leaders such as Bybit.
Beyond trading, Crypto.com provides financial products such as earn and staking options. Users can earn interest on over 20 digital assets, including popular cryptocurrencies like BTC, ETH, ADA, DOT, SOL, ATOM, and USDT.
Crypto.com Earn
Note that the interest rates are not as competitive as some other exchanges, and the same is true for staking rewards where its more lucrative to stake directly on the respective blockchains.
Crypto.com Staking
For those who prefer to use their cryptocurrencies for everyday transactions, Crypto.com offers a Visa Card where the card holders can earn up to 10% cashback on real-world payments.
Crypto.com Visa Card
NFT enthusiasts are also catered to as Crypto.com hosts hundreds of digital collectibles and NFT collections, including popular ones like Bored Apes and Pudgy Penguins.
Crypto.com NFTs
These collections are available on various blockchains such as Ethereum, Polygon, Solana, and Cronos Chain, providing a diverse range of options for NFT collectors.
Crypto.com has also developed its own non-custodial wallet where users can store, trade and earn on their cryptocurrencies in a non-custodial manner.
Crypto.com Wallet
For wealthy individuals and institutional clients, Crypto.com has developed a separate OTC section where they can place orders of minimum $50,000 and maximum $5,000,000 with competitive rates.
Let's continue by comparing the trading fees of Bitpanda and Crypto.com.
First up, Bitpanda. The maximum maker fee for spot trading starts at 0.15% but can be lowered if a user's trading volume exceeds 100,000 EUR during a 30 day period.
The maximum taker fee is 0.25% but that can also be lowered with a high enough trading volume.
Bitpanda fees
Now, let's take a look at Crypto.com. Their spot maker and taker fees are both 0.075% and their futures maker and taker fees are 0.017% and 0.034% respectively.
Crypto.com fees
Like Bitpanda, Crypto.com offers the opportunity for user to lower their fees through higher trading volumes.
Crypto.com Futures Fees
If monthly trade volumes exceed $250,000 or if a user holds at least 1000 CRO tokens, trading fees on Crypto.com can be lowered.
When it comes to fiat deposit methods, Bitpanda and Crypto.com offer different options to their users.
Bitpanda supports bank deposits for European fiat currencies such as EUR, GBP and CHF.
Bitpanda allows you to make deposits either via bank transfers (SEPA) with a minimum deposit of EUR 25, or via credit card (VISA and Mastercard), or via Neteller and Skrill.
Bitpanda fiat deposits
The fees for fiat deposits on Bitpanda are free via SEPA, cost 1.8% with Visa and Mastercard, 3.6%, EUR 0.9 + 3.6% on Neteller and EUR 1 + 3.6% via Skrill.
On the other hand, Crypto.com only supports USD and EUR as an option for fiat deposits via wire transfer and SEPA.
They do not charge any deposit fees for wire transfers or USD bank transfers. So, if you want to deposit funds in any other fiat currency besides USD and EUR, Crypto.com is obviously not the best option.
In conclusion, Bitpanda offers a wider range of fiat deposit options compared to Crypto.com, but the latter does not charge any deposit fees for USD deposits.
Both exchanges offer a variety of withdrawal methods, but each has distinct features that set it apart from the other.
Bitpanda offers users the option to withdraw their funds in cryptocurrencies or fiat money via bank transfer.
Users can withdraw fiat currencies such as EUR and GBP via SEPA with a minimum withdrawal amount is EUR 25.
The best part about Bitpanda is that fiat withdrawal fees are free making it an great option for traders who want to save on fees.
When withdrawing Bitcoin from Bitpanda, there is a 0.00006 BTC fee and for Ethereum that fee is 0.0011 ETH. Withdrawing SOL incurs a 0.0001 SOL fee and withdrawing ERC-20 USDT comes with a 4.44 USDT fee.
Similarly to it's deposit options, Crypto.com only offers fiat withdrawals for USD via bank transfer.
Once more there are no fees for USD bank withdrawals. In terms of cost to withdraw cryptocurrencies, Crypto.com charges a 0.0001 BTC fee for Bitcoin, 0.04 ETH for Ethereum, 0.03 SOL for Solana and for ERC-20 USDT, it's 10 USDT.
The crypto withdrawal fees offered by Bitpanda are much better than Crypto.com and overall, Crypto.com is on the higher end compared to the rest of the market.
In conclusion, Bitpanda and Crypto.com are two popular cryptocurrency exchanges that offer unique features to their users.
Bitpanda has over 4 million users and supports over 100 cryptocurrencies, stocks, ETFs, and commodities. The exchange primarily services European countries, and its verification process can take up to 2 business days.
On the other hand, Crypto.com boasts an impressive 80 million users worldwide and supports a respectable range of 250 cryptocurrencies.
The exchange is available in 180 countries and its verification process takes only a few minutes to a few hours.
When it comes to trading fees, Bitpanda offers spot fees ranging 0.15% to 0.25% depending if you are a maker or taker.
Crypto.com has set the bar very high with maker and taker fees of just 0.075% for spot trading 0.017% and 0.034% respectively for perpetual trading.
Regarding deposit options, Bitpanda offers a wider range of fiat deposit currencies and methods while Crypto.com only supports USD as an option for fiat deposits via wire transfer.
Bitpanda allows deposits via bank transfers, credit/debit cards, Neteller, and Skrill, with varying fees for each option. On the other hand, Crypto.com does not charge any deposit fees for USD deposits via wire transfer.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
Author
Jack Moreau
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.
