Bitpanda UK (2024)

FAQs

Where can I buy cryptocurrency UK? ›

The United Kingdom

The U.K. has allowed cryptocurrency use since it was first introduced, using existing policies and growing experiences to help it develop a framework for cryptoasset regulation. The government regulates the following crypto assets: Exchange tokens (cryptocurrencies) Asset-referenced tokens.

Yes, all of our customers' assets are physically backed up 1:1 and are stored in a highly secure environment.

Furthermore, persons with US citizenship or who are located in the United States may not become a Bitpanda user according to regulatory reasons.

Binance is undoubtedly one of the top crypto exchanges in the UK, offering a comprehensive trading platform with a vast selection of cryptocurrencies and advanced trading features.

In January 2020, the FCA introduced a ban on UK firms offering or selling crypto derivatives and ETNs that reference certain types of cryptoassets to UK retail consumers. This remains in place as part of the FCA's conduct of business sourcebook (COBS) rules and would apply to any cETNs that are admitted to trading.

There is no specific Bitcoin tax or cryptocurrency tax in the UK. Instead, your crypto will either be subject to Capital Gains Tax or Income Tax. The crypto tax you'll pay depends on the specific transactions you're making with your crypto. If you're seen to be making an income, you'll pay Income Tax.

Answer: Yes, Bitpanda is regulated by several European authorities, including the Financial Market Authority (FMA), BaFin, AMF, and the Markets in Financial Instruments Directive (MiFID), ensuring a secure trading environment.

Why can't i withdraw from Bitpanda? ›

Withdrawals are only permitted after a 7-day waiting period, after which you can withdraw the amount in cash or cryptocurrency. As a regulated financial institution, Bitpanda occasionally reviews transactions to uphold safety standards.

History. The company was founded in 2014 by Eric Demuth, Paul Klanschek, and Christian Trummer. The company was first called Coinimal and changed its name to Bitpanda in 2016.

A Bitpanda card is a Visa debit card that can be used worldwide wherever Visa is accepted.

We are currently offering trading in EUR, USD, GBP, CHF, TRY, PLN, HUF, CZK, DKK and SEK. When using payment providers such as NETELLER or Skrill, other national currencies may be used to trade on Bitpanda - for an appropriate fee charged by the payment providers.

The reach of Bitpanda's services includes, but is not limited to, a diverse array of countries such as Australia, Austria, Canada, Finland, France, Germany, Greece, Ireland, Italy, Malta, the Netherlands, Poland, Spain, Sweden, Switzerland, the United Kingdom, and others.

Simply add your UK-issued Visa or Mastercard to your CoinJar account and when you buy crypto you'll be able to use your debit card to make the purchase. You can even use Apple Pay or Google Pay straight from your device. It's convenient and there is a 2% transaction fee*.

Like stocks and shares, the value (in 'normal' currency) of cryptoassets can go up or down. HMRC do not consider cryptoassets to be currency or money, or that buying or selling cryptoassets is gambling. This means that, in HMRC's view, profits or gains from buying and selling cryptoassets are taxable.

Crypto.com Receives UK Authorization as an Electronic Money Institution to Offer E-Money Products.