Bitpanda Card

About Bitpanda

Bitpanda is Austria's first unicorn and one of Europe's leading digital investment platforms, offering cryptocurrency trading alongside stocks, ETFs, precious metals, and commodities. Founded on September 12, 2014, in Vienna by Eric Demuth, Paul Klanschek, and Christian Trummer, the company originally operated as Coinimal GmbH before rebranding to Bitpanda.

The platform has raised approximately $589 million across multiple funding rounds, with key investors including Peter Thiel's Valar Ventures, DST Global partners, Alan Howard, LeadBlock Partners, Jump Capital, and Speedinvest. In August 2021, Bitpanda achieved a valuation of $4.1 billion following a $263 million Series C round led by Valar Ventures.

Bitpanda serves over 7 million users across Europe and offers access to more than 3,200 digital assets, including 650+ cryptocurrencies. In 2024, the company reported record operating revenue of €393 million (more than double the previous year) with an EBITDA margin exceeding 30%. The company has been consistently profitable since 2018, with the exception of 2022 during the broader market downturn.

Headquarters are located in Vienna, Austria, with additional offices in Barcelona, Berlin, Bucharest, Dubai, London, Malta, Milan, and Zurich. The company employs approximately 730 staff, with half working as programmers.

Bitpanda holds an extensive regulatory portfolio, including three MiCA licenses (from Germany's BaFin, Austria's FMA, and Malta's MFSA), making it the most regulated crypto platform under the EU's new MiCA framework. Additional authorizations include UK FCA registration (February 2025), Dubai VARA license (March 2025), PSD2 E-Money license, and MiFID II securities license. The company is authorized to operate across all 27 EU member states.

Strategic partnerships include collaborations with major financial institutions like Deutsche Bank, Landesbank Baden-Württemberg (LBBW), Raiffeisen, and N26. Sports sponsorships include FC Bayern Munich (crypto partner since 2024), AC Milan, NFL, and previously the Davis Cup and Italian Rugby Federation.

Bitpanda Card Overview

The Bitpanda Card is a Visa debit card that lets users spend assets held in their custodial Bitpanda account anywhere Visa is accepted. According to Bitpanda's current card page, the card is designed to spend crypto assets as well as other supported Bitpanda investments (e.g., metals and stocks) via a single card, with conversion happening at the time of payment.

The card uses an in-app setup where you choose a main payment asset and can also configure a fallback payment asset. When you pay, Bitpanda converts the selected asset for settlement (Bitpanda describes the experience as spending your assets "like cash" with a single tap). Card controls—including selecting the main/fallback asset, viewing spending history, and managing the card—are handled directly inside the Bitpanda app.

Bitpanda also supports mobile payments: the Bitpanda Card works with Apple Pay and Google Pay, enabling contactless payments without using the physical card.

Note: Cashback eligibility depends on the chosen payment asset (see Cashback Program below).

Fees & Pricing

The Bitpanda Card is positioned as a free debit card with no annual fee and no monthly costs.

Fee Type	Amount
Card Issuance	€0
Annual Fee	Free
Monthly Fee	€0
Foreign Exchange Fee	0% (Visa mark-up fees may apply for non-EUR transactions)
Staking Requirement	None
ATM Withdrawal	Not specified

Cashback Program

The Bitpanda Card offers up to 1% cashback on eligible purchases:

• Earn 1% cashback on all crypto asset spending
• Cashback applies when your selected payment asset is a crypto asset

Cashback Exclusions: Payments are excluded from the Cashback programme when the selected payment asset is:

• Fiat (€)
• Bitpanda Stocks
• Metals
• Stablecoins
• Other assets other than crypto

Supported Assets

The Bitpanda Card supports spending with BTC, ETH, and BEST as confirmed assets. Bitpanda's card page also notes you can choose from 600+ crypto assets to spend.

• Crypto assets: 600+ supported for spending (examples: BTC, ETH, BEST)
• Other Bitpanda assets: Metals and stocks can be spent, but cashback exclusions apply when using non-crypto assets as the payment asset

Geographic Availability

The Bitpanda Card is available in the EEA (European Economic Area). Bitpanda's FAQ specifies that you must be a resident in a euro area country (countries that have adopted the euro as their primary currency) and have a verified Bitpanda account.

Currently, customers verifying via Bankident cannot order a card.

Card Issuer & Security

Bitpanda's card page highlights security and control features:

• Backed by Visa security & fraud prevention
• Block and unblock your card in-app
• 3D Secure (3DS) protection for online payments
• Real-time push notifications with every transaction
• PCI DSS compliance

Pros

• Visa debit card accepted anywhere Visa is accepted
• Free: no annual fee and no monthly costs
• 0% FX fees for non-euro transactions (Visa mark-up may apply)
• 1% cashback on crypto spending
• 600+ crypto assets available to spend
• Main + fallback asset setup helps avoid declined payments when a balance is insufficient
• Strong in-app controls: block/unblock, asset selection, and spending history
• Apple Pay and Google Pay support
• Real-time push notifications and transaction tracking
• Visa security features plus 3DS and PCI DSS compliance
• No staking requirement for card benefits
• Backed by a well-regulated platform with MiCA licenses

Cons

• Cashback is crypto-only: excluded when paying with EUR, metals, stocks, stablecoins, and other non-crypto assets
• ATM fees and withdrawal limits are not specified in public documentation
• No metal card option available
• No signup bonus currently offered
• Availability is constrained to EEA/euro area residents only
• Bankident-verified customers are currently not eligible to order
• Custodial model means funds are held on Bitpanda platform

Who Is Bitpanda Card Best For?

Ideal For:

• EEA-based users (and especially euro area residents) who want a Visa debit card connected to their Bitpanda account
• Crypto holders who want simple point-of-sale spending with automatic conversion
• Users who value in-app controls, spending insights, and real-time notifications
• Travelers who want 0% FX fees (with the standard Visa mark-up caveat)
• Users who prefer Apple Pay / Google Pay compatibility for contactless payments

Not Suitable For:

• Users outside the EEA or those who are not eligible under Bitpanda's euro area residency requirement
• Anyone seeking a credit card product (this is a debit card)
• Users whose primary use case is ATM withdrawals, since ATM fees and limits are not specified
• Users who want cashback on fiat, stocks, metals, stablecoins, or other non-crypto assets
• Users who prefer self-custody solutions

Key Features

• Exchange Integration
• Multi-Asset
• Instant Conversion
• Spend crypto directly from your Bitpanda account
• Real-time portfolio tracking
• Apple Pay & Google Pay support

Bitpanda Card Alternatives

• Crypto.com – Tiered cards with higher advertised cashback in some tiers, typically requires CRO staking.
• Nexo Card – Credit/borrow model depending on region and setup.
• Bybit Card – Card availability and rewards vary by jurisdiction.
• Coinbase Card – Availability and rewards vary by country.
• Binance Card – Exchange-linked card with up to 3% cashback in supported regions.