Bitpanda Restricted Countries

Bitpanda Available Countries‍

Bitpanda restricts its services to minors, individuals lacking legal capacity, and residents of unsupported countries. It also excludes US citizens and US-reportable accounts under FATCA regulations.

Additionally, individuals and entities listed on EU, OFAC, UK, or other applicable sanction lists are prohibited. Bitpanda also restricts citizens of specific regions, including Afghanistan, Belarus, Cuba, Iran, North Korea, Russia, Syria, Venezuela, and others.

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Bitpanda Supported Countries‍

Bitpanda supports users and individual accounts from over 40 countries across Europe and beyond, including Austria, Germany, France, Italy, Spain, Switzerland, and Turkey. Eligibility requires a valid identity document and residency in a supported country.

For business accounts, Bitpanda is available to registered businesses in 45 countries, covering the European Economic Area and select regions like the United Kingdom, Switzerland, and the United Arab Emirates.

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Bitpanda Licenses

Bitpanda operates with multiple licenses under a comprehensive regulatory framework across several jurisdictions:

• Austria: Fully regulated as a crypto and securities broker with a Virtual Asset Service Provider (VASP) registration.
• European Union: Holds MiFID II, PSD II, and E-Money licenses, meeting strict EU financial and data protection regulations.
• Germany: The first European retail investment platform to secure a BaFin license for crypto custody and proprietary trading.
• France, Spain, Italy, Czech Republic, Sweden, Norway: Registered as a VASP with respective national financial regulators.
• Turkey: Compliant with all local regulatory requirements for secure operations.
• UAE: Secured in-principle approval from the Virtual Assets Regulatory Authority (VARA) to offer its full product range.

Bitpanda’s focus on regulatory compliance ensures a secure platform for users and supports its growth across Europe, the UAE, and MENA.

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Bitpanda KYC Requirements

To use Bitpanda services, users must complete identity verification (KYC) in line with applicable regulations. The process requires:

• A valid identity document, such as a passport, ID card, or, in some cases, an EEA driver’s license. Swiss and EEA residence permits are also accepted for non-EEA citizens.
• Verification documents must align with country-specific requirements, primarily covering the EEA, Switzerland, and select supported jurisdictions.

The verification process is quick, taking only a few minutes, and requires a stable internet connection, a working camera, and a quiet, well-lit environment. Once verified, users can start investing in crypto, stocks, ETFs, metals, and other assets available on Bitpanda.

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About Bitpanda

Bitpanda is a regulated global investment platform based in Vienna, Austria, offering access to cryptocurrencies, stocks, ETFs, precious metals, and commodities. 

Serving over 5 million users, it provides secure, fractional investing starting from €1 while adhering to strict financial regulations like MiFID II and PSD2.

With features like cold wallet storage, savings plans, and a user-friendly interface, Bitpanda makes investing accessible and secure worldwide.

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Bottom Line

Bitpanda offers its services to users across over 40 supported countries, primarily in Europe, including Austria, Germany, France, and Turkey, while expanding to regions like the UAE. 

However, access is restricted in the US, sanctioned regions such as Iran, North Korea, and Russia, and specific countries under FATCA regulations or EU sanction lists.