Bitpanda vs Kraken Comparison

Bitpanda
Bitpanda
4.3of 5
Go to Bitpanda
vs
Kraken
Kraken
4.2of 5
Go to Kraken
0.99 %Fees0.99 %
€ 9.90Cost for €1,000€ 9.90
650+Cryptos380+
SEPA Instant Transfer, SEPA Transfer, Credit Card, PayPalPayment MethodsSEPA Instant Transfer, SEPA Transfer, PayPal, Credit Card
MiCA authorisations in Austria (FMA), Germany (BaFin) and MaltaRegulationEU: MiCA USA: CFTC UK: FCA

Cost comparison

The basis is a Bitcoin purchase worth €1,000, including all fees and spreads.

BitpandaKraken
€ 9.90Cost for €1,000€ 9.90
0.99 %Fees0.99 %
€ 2.91Wallet transfer€ 1.49
YesCost transparencyLimited
€ 1Minimum Amount€ 1
SEPA Instant Transfer, SEPA Transfer, Credit Card, PayPalPayment MethodsSEPA Instant Transfer, SEPA Transfer, PayPal, Credit Card

On a €1,000 purchase there is nothing between the two providers.

Pros & Cons

Bitpanda
Bitpanda
Pros
  • Over 650 cryptocurrencies available
  • BaFin license for custody and proprietary trading available
  • Savings plans and staking are offered
  • Stocks, ETFs, and precious metals also tradable on one platform
  • Wide range of payment methods: SEPA, SEPA instant transfer, credit card, and PayPal
  • Minimum investment possible from 1 €
Cons
  • Trading fees of 0.99 % are room for improvement compared with some competitors
  • Total costs of 9.90 € per trade occasionally criticized
  • Security features beyond 2FA (TOTP) are room for improvement
Bitpanda Reviews
Kraken
Kraken
Pros
  • Over 380 cryptocurrencies available
  • Savings plan and staking offered
  • On the market since 2011 – one of the oldest crypto exchanges
  • Payment methods: SEPA instant bank transfer, PayPal, and credit card
  • Wallet transfer fees of approx. €1.49
  • Minimum investment possible from €1
Cons
  • Trading fees of 0.99% could be improved compared with cheaper exchanges
  • Total costs of €9.90 per trade occasionally criticized
  • Cost transparency is assessed as limited
  • No EU regulation or BaFin license available
Kraken Reviews

Score Comparison

4.2Usability4.5
4.1Features4.5
3.9Fees4.1
3.9Stability4.1
4.3Support4.1

User Experiences

AI Analysis
4.7
App Store
4.5
4.3
Google Play
4.2
4.0
Trustpilot
3.4
Bitpanda
Bitpanda

According to reviews, Bitpanda is frequently praised for its clear design and intuitive app. Users also report that the platform is perceived as easy to use. In reviews of the costs, it repeatedly stands out that they are described as high or too expensive. Support also receives frequent praise from many users for quick replies and prompt help, while occasionally there is also critical feedback about response times.

Kraken
Kraken

According to the analyzed user reviews, Kraken is often described as simple and easy to understand, especially with regard to the app and basic usability. At the same time, users mainly report criticism of support-related topics and costs, so the overall picture from a user perspective is mixed.

This analysis is based on 1930 user reviews evaluated by AI from the Apple App Store, Trustpilot, and Google Play Store. The total number of reviews on the respective platforms may be higher — the displayed platform ratings (star ratings) refer to all reviews available there. The ratings shown reflect users’ experiences and do not represent the website operator’s own assessment. All information without guarantee. As of March 2026. This comparison does not constitute investment advice.

Features

BitpandaKraken
Savings plan
Staking
Wallet transfer
Cost transparency
2FA security
SEPA instant transfer
Credit card
PayPal
Mobile app (iOS/Android)
Web platform
Account lock
SEPA instant bank transfer
Bitpanda
BitpandaHighlights
  • One of the few EU-based exchanges with a BaFin license
  • Multi-asset platform: crypto, stocks, ETFs, and precious metals in one place
  • Savings plans available from a 1 € minimum amount
  • Investment in fractional shares possible
Kraken
KrakenHighlights
  • On the market since 2011 with a significant market presence
  • Comprehensive security protocols incl. 2FA and account lock
  • 380+ cryptocurrencies tradable
  • Savings plan and staking on one platform

The five areas head to head

AI Analysis

Fees & Costs

Bitpanda
Bitpanda

According to reviews, users often express criticism regarding fees and costs. The fees are repeatedly described as high or too expensive. Overall, users tend to perceive the cost area rather negatively in the reviews.

Kraken
Kraken

The reviews present a mixed picture when it comes to fees and costs: on the one hand, low fees are mentioned positively several times; on the other hand, users criticize high fees. According to user reviews, the perception of costs is therefore not consistent.

Usability & User Experience

Bitpanda
Bitpanda

Users especially appreciate Bitpanda’s clear interface and intuitive app. According to reviews, the platform is often described as easy to use, which is highlighted particularly positively when getting started. However, some users occasionally report that the app does not always work smoothly.

Kraken
Kraken

Users particularly appreciate Kraken’s intuitive app and clear design, which are repeatedly described in reviews as easy to use. According to the reviews, getting started is quick for many users, and overall navigation is also mentioned positively. Some users report that the app does not open immediately, which makes usability appear limited from the perspective of individual reviews.

Features & Offering

Bitpanda
Bitpanda

Users would like an iPad app, a chart widget, the display of the average price, as well as limit buys. In addition, some users suggest a larger coin selection. An Apple Watch widget and a widget for favorites are also occasionally requested.

Kraken
Kraken

In the analyzed user reviews, there are only a few recurring statements about features and the offering, which is why this area mainly reveals individual requests. Among other things, users want a candlestick chart, a prediction market, an auto-sell function, a 72-hour timer, and a widget for the app. In addition, some users would like more support for beginners and a calendar. Overall, the feedback mainly shows additional feature requests.

Stability & Security

Bitpanda
Bitpanda

According to user reports, there is occasional criticism of Bitpanda’s app functionality. Some users report that the app does not always work or crashes in individual cases. In addition, some users describe experiences with a blocked account.

Kraken
Kraken

Regarding stability and reliability, the analyzed user data mainly contains individual critical feedback. Some users report that the app cannot be opened immediately or that withdrawals are perceived as delayed. Overall, however, the available data is not sufficient, according to the reviews, to derive a clearly reliable user picture for this area.

Customer Support

Bitpanda
Bitpanda

Support is frequently praised by users for quick help, prompt replies, and competent feedback. According to reviews, many users report positive service experiences, especially regarding response speed. However, it is occasionally criticized that inquiries are not answered or that support does not respond as expected.

Kraken
Kraken

When it comes to support, users comparatively often report longer waiting times or no response at all. According to the reviews, missing help and slow reactions are repeatedly criticized, making this area clearly viewed critically from a user perspective. Individual feedback also suggests that issues are not always resolved promptly.

Details

BitpandaKraken
Bitpanda GmbHCompanyPayward Inc.
2014Founded2011
MiCA authorisations in Austria (FMA), Germany (BaFin) and MaltaRegulationEU: MiCA USA: CFTC UK: FCA
€ 1Minimum Amount€ 1
eID, Photo IDKYCPhoto ID

Verdict

Both providers are practically level in our overall rating (4.3 to 4.2).

On a €1,000 purchase there is nothing between the two providers.

BitpandaOur Opinion

Bitpanda is considered one of the most established crypto platforms in the German-speaking region. With over 650 tradable cryptocurrencies, a BaFin license for custody and proprietary trading, as well as access to stocks, ETFs, and precious metals, the platform is valued by many users as a versatile all-in-one solution. The option to invest from just 1 € and set up savings plans is rated especially positively by beginners.

The fee structure, with 0.99 % trading fees and total costs of 9.90 € per trade, is room for improvement compared with cheaper providers. Nevertheless, the transparent cost overview and the variety of payment methods — including SEPA, credit card, and PayPal — are seen as an advantage. The security features beyond 2FA are considered in need of improvement.

Overall, Bitpanda is especially regarded as suitable for investors who want to invest not only in cryptocurrencies but also in other asset classes, while placing value on a regulated, EU-based platform with a BaFin license.

KrakenOur Opinion

Kraken is considered one of the oldest and most established crypto exchanges and has been active in the market since 2011. With over 380 tradable cryptocurrencies as well as savings plan and staking features, the platform is appreciated by long-term investors. The extensive security protocols, including 2FA and account lock, are rated positively.

The trading fees of 0.99% and total costs of €9.90 per trade are in the middle range compared with cheaper providers. The lack of EU regulation or a BaFin license is occasionally criticized. Cost transparency is regarded as limited, which some users see as room for improvement.

Kraken is considered particularly suitable for investors who value a long-established platform with a wide coin selection and want to use savings plans and staking — even without EU regulation.