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Bitpanda vs Relai

Comparing
two exchanges
Decided by
Editorial rating
Last reviewed
2026-08-12
Bitpanda4.4

Austria's regulated broker with three MiCAR licenses, built for European savers who fund by SEPA.

Relai4.5Bitcoin-only

Swiss bitcoin-only app with SEPA instant buys, self-custody by default, and a MiCA license covering the EEA.

Verdict: Relai

Relai rates higher on our rubric: 4.5 against 4.4 for Bitpanda.

Criterion
Editorial rating
Bitpanda
4.4
Relai
4.5

Bitpanda and Relai, fact by fact

Every row is from the two reviews as of their review dates, with sources on each. A check marks the side a decidable criterion favours; rows without one are information, not a score.

Bitpanda and Relai compared fact by fact from their reviews; a check marks the side a decidable criterion favours.
FactBitpandaRelai
Editorial rating4.44.5 (favoured on this row)
Published feesPremium built into the priceAround 1% per purchase
Maker feeNot publishedNot published
Taker feeNot publishedNot published
Identity verificationRequiredRequired
Bitcoin-onlyNoYes
Payment rails supported66
Countries ranked in3139
Ranks first in111
Countries shared3131
Security recordNo record on fileNo record on file
Founded20142020
HeadquartersVienna, AustriaZurich, Switzerland
Last reviewed2026-08-122026-08-12

Where both Bitpanda and Relai are ranked

Each country guide ranks its own roster on published fees, security record and local payment support, so the two can sit in a different order from one country to the next.

Countries whose guide ranks both Bitpanda and Relai, with each platform's position in that guide.
CountryStatusBitpanda ranksRelai ranksComparison
AustriaLegal#2#3Best exchanges there
BelgiumLegal#4#2Best exchanges there
BulgariaLegal#2#4
CroatiaLegal#2#4
CyprusLegal#4#2Best exchanges there
Czech RepublicLegal#2#4
DenmarkLegal#4#2Best exchanges there
EstoniaLegal#4#2
FinlandLegal#4#2Best exchanges there
FranceLegal#4#2
GermanyLegal#2#3Best exchanges there
GreeceLegal#4#2
HungaryLegal#2#4
IcelandLegal#3#1Best exchanges there
IrelandLegal#4#2Best exchanges there
ItalyLegal#4#2Best exchanges there
LatviaLegal#4#2
LiechtensteinLegal#1#2
LithuaniaLegal#4#2
LuxembourgLegal#4#2Best exchanges there
MaltaLegal#4#2
NetherlandsLegal#4#2Best exchanges there
NorwayLegal#3#1Best exchanges there
PolandLegal#2#4Best exchanges there
PortugalLegal#4#2
RomaniaLegal#2#4
SlovakiaLegal#2#4
SloveniaLegal#2#4
SpainLegal#4#2Best exchanges there
SwedenLegal#4#2Best exchanges there
SwitzerlandLegal#3#1Best exchanges there

Frequently asked questions

Is Bitpanda or Relai better?

Relai rates higher on our rubric: 4.5 against 4.4 for Bitpanda. The rating weighs published fees, security record and local payment support; the table above sets each beside the other so you can check the score against the facts.

Which is cheaper, Bitpanda or Relai?

Bitpanda: Premium built into the price. Relai: Around 1% per purchase. Those are each platform's published headline rates; card purchases and instant-buy widgets cost more than the order book on both, and each review carries the full schedule.

Where can I use both Bitpanda and Relai?

Both are ranked in our guides for 31 countries, including Austria, Belgium, Bulgaria, Croatia, Cyprus. Bitpanda is ranked in 31 countries in all and Relai in 39; each country guide ranks its own roster, so the two can sit in a different order from one country to the next.

Has Bitpanda or Relai had a security incident?

Bitpanda carries no dated security record on our review yet, a gap in our records rather than a clean bill. Relai carries no dated security record on our review yet, a gap in our records rather than a clean bill. Both reviews list every event with its source.

Do Bitpanda and Relai require ID verification?

Bitpanda: required; full identity verification is required before trading.. Relai: required; identity verification is required, in line with Relai's Swiss and EU regulatory obligations..

The full reviews: Bitpanda and Relai, each with its sources, and every exchange we review.

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