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Bitpanda vs Bullish Europe
The Austrian Broker for Beginners with a BaFin MiCAR License — BaFin-licensed MiCA exchange with an institutional trading focus
Updated: July 2026
Bitpanda has been operating since 2014 and is one of the most established platforms in the industry. Bullish Europe, founded in 2021, is 7 years younger and positions itself as "BaFin-licensed MiCA exchange with an institutional trading focus". Both exchanges cater to active crypto traders — but the differences in fees, coin selection, and regulation are significant.
When it comes to fees, Bullish Europe has the edge: 0.03% spot taker fee compared to 1.49% at Bitpanda. On a $10,000 trade, that's a saving of $146 per transaction. Additional perk at Bullish Europe: Bullish advertises no maker fees and 0-0.03% taker fees for individual accounts; market and tier dependent.
On the security front, Bitpanda offers MiCA-regulated: MiCAR license issued by BaFin with EU-wide passporting with an insurance fund of Regulated Austrian provider with segregated custody structures; no quantified public insurance fund. Bullish Europe provides MiCA-regulated via Bullish Europe GmbH in Germany (BaFin) and backs it with Full-reserve and custody focus; no quantified public insurance fund. Both platforms feature industry-standard security measures including 2FA, cold storage, and regular audits.
Bitpanda stands out with Broker Services, Crypto Cards, while Bullish Europe differentiates itself through Spot Trading, Institutional Liquidity, API.
Bullish Europe wins the head-to-head comparison in 3 out of 11 categories (1x Bitpanda, 7x tie). Bullish Europe offers lower fees.
Which Exchange Is Better for You?
Bitpanda offers the easier onboarding experience, a polished mobile app and Email/Phone Support.
Bullish Europe charges 0.03% spot taker fee plus Bullish advertises no maker fees and 0-0.03% taker fees for individual accounts; market and tier dependent.
Bullish Europe with MiCA-regulated via Bullish Europe GmbH in Germany (BaFin) and Full-reserve and custody focus; no quantified public insurance fund insurance fund.
Bitpanda lists 100+ trading pairs — 100+ more than Bullish Europe.
Comparison Table
| Criteria | Bitpanda | Bullish Europe | 🏆 |
|---|---|---|---|
| Spot Maker Fee | 1.49% | 0.00% | Bullish Europe |
| Spot Taker Fee | 1.49% | 0.03% | Bullish Europe |
| Futures Maker Fee | N/A | N/A | — |
| Futures Taker Fee | N/A | N/A | — |
| Max Leverage | N/A | N/A | — |
| Trading Pairs | 100+ | Selected markets | Bitpanda |
| Copy Trading | No | No | — |
| Grid Bots | No | No | — |
| Insurance Fund | Regulated Austrian provider with segregated custody structures; no quantified public insurance fund | Full-reserve and custody focus; no quantified public insurance fund | — |
| KYC | Yes | Required | — |
| Rating | 3.8/5 | 3.9/5 | Bullish Europe |
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Fees in Detail
Bitpanda
Bullish Europe
Bitpanda or Bullish Europe — which exchange is better?
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