VS
Bitpanda vs Kraken
Austrian broker and Fusion venue with three MiCAR licenses — The regulated veteran with strong security, 1,200+ spot pairs and EU futures
Updated: September 2026
Kraken has been operating since 2011 and is one of the most established platforms in the industry. Bitpanda, founded in 2014, is 3 years younger and positions itself as "Austrian broker and Fusion venue with three MiCAR licenses". Both exchanges cater to active crypto traders — but the differences in fees, coin selection, and regulation are significant.
When it comes to fees, Bitpanda has the edge: 0.25% spot taker fee compared to 0.80% at Kraken. On a $10,000 trade, that's a saving of $55 per transaction. Additional perk at Bitpanda: 20% discount when paying with VSN; Fusion entry tier is one 0.25% fee.
Regulatory scope: Bitpanda: MiCA-regulated with licenses in Germany, Austria and Malta. Kraken: MiCA-regulated via Kraken EU subsidiaries licensed by the Central Bank of Ireland. Protection and reserve disclosures: Bitpanda: No quantified public insurance fund or comparable current proof-of-reserves total was publicly verified; Kraken: Kraken Security Labs, cold storage and proof-of-reserves approach; no quantified public insurance fund.
Bitpanda stands out with Broker Services, Bitpanda Fusion, Spot Margin, while Kraken differentiates itself through Staking, Futures, Earn.
Editorial CryptoExchangePicks Ratings
Kraken wins the head-to-head comparison in 4 out of 11 categories (3x Bitpanda, 4x tie).
Which Exchange Is Better for You?
Bitpanda offers the easier onboarding experience, a polished mobile app and Help Center.
Bitpanda charges 0.25% spot taker fee plus 20% discount when paying with VSN; Fusion entry tier is one 0.25% fee.
Kraken: MiCA-regulated via Kraken EU subsidiaries licensed by the Central Bank of Ireland. Protection/reserve disclosure: Kraken Security Labs, cold storage and proof-of-reserves approach; no quantified public insurance fund.
Bitpanda lists 2,000+ Fusion pairs across 12+ venues trading pairs — 0.8+ more than Kraken.
Comparison Table
| Criteria | Bitpanda | Kraken | 🏆 |
|---|---|---|---|
| Spot Maker Fee | 0.25% | 0.40% | Bitpanda |
| Spot Taker Fee | 0.25% | 0.80% | Bitpanda |
| Futures Maker Fee | N/A | 0.02% | Kraken |
| Futures Taker Fee | N/A | 0.05% | Kraken |
| Max Leverage | 10x spot margin | 10x | — |
| Trading Pairs | 2,000+ Fusion pairs across 12+ venues | 1,200+ crypto pairs | Bitpanda |
| Copy Trading | No | No | — |
| Grid Bots | No | No | — |
| Insurance Fund | No quantified public insurance fund or comparable current proof-of-reserves total was publicly verified | Kraken Security Labs, cold storage and proof-of-reserves approach; no quantified public insurance fund | Kraken |
| KYC | Yes | Yes | — |
| Editorial Rating | 3.8/5 | 4.3/5 | Kraken |
Bonus via CryptoExchangePicks
Bitpanda via CryptoExchangePicks
Up to EUR 200 combined
Tell-a-Friend: EUR 5–40 per qualifying person; up to EUR 100 per person and EUR 200 combined
Kraken via CryptoExchangePicks
Spin up to $2,500
Spin to Win: up to $2,500, subject to regional rollout and daily/30-day limits
Fees in Detail
Bitpanda
Kraken
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