Bitpanda Tutorial for Beginners

By Youssef Adel · Last updated: November 11, 2026

Quick answer Bitpanda is a European broker: only people who live in a supported European country can open an account. That means the 27 EU countries plus the UK, Switzerland, Norway, Iceland, Liechtenstein, Turkey, Serbia and a few small European states. No Arab country is on the list, so if you live in Egypt, Saudi Arabia, Morocco or anywhere else in the Arab world, you can't sign up. Citizens of Iraq, Libya, Palestine, Sudan, Somalia and Yemen can't open an account even if they live in Europe. If you qualify, there are four steps: (1) create an account with your name, email and password, (2) verify with a short video check (in the EU, a non-EU passport holder uses a residence permit), (3) deposit in euros or your local currency by bank transfer, card, Apple Pay or PayPal, and (4) withdraw to your bank account or send USDC to a wallet. There is no P2P, and Bitpanda doesn't offer USDT to EU users.

Open your Bitpanda account →

Right after you sign up: verify your account and have your ID card or passport ready. The steps are here: Bitpanda identity verification

Your roadmap

Step	Full guide
1. Create your account	How to create a Bitpanda account
2. Verify your identity	Bitpanda identity verification
3. Deposit and buy	How to deposit on Bitpanda
4. Withdraw	How to withdraw from Bitpanda

How is Bitpanda different from Binance and OKX?

	Bitpanda	Binance / OKX
Who can sign up	Residents of supported European countries only	Residents of most countries, Arab countries included
Funding in local currency	Straight from your bank or card: SEPA, card, Apple Pay, PayPal	Mostly through P2P for Arab users
P2P	None	Yes
USDT	Not offered to EU users, use USDC instead	Available
Currencies	EUR, USD, GBP, CHF, TRY, PLN, HUF, CZK, DKK, SEK	Depends on the P2P market

In short: Bitpanda is for Arabs who live in Europe and want to buy crypto with money from their European bank account. If you live in an Arab country, look at our exchange comparison instead.

Step 1: Create your account

Bitpanda asks for your name, email and a strong password, then your country of residence. You confirm by clicking the link in the email. No phone number at this stage, but you'll need one from a supported country to verify. One email and one phone number per person: a second account gets locked. → Full guide

Step 2: Verify your identity

Enter your details exactly as they appear on your ID, confirm the SMS-PIN, choose your document, then do a short video check with Bitpanda's verification partner. According to Bitpanda it takes only a few minutes. Your document depends on your nationality and where you live: an Egyptian or Moroccan living in France, for example, uses a French residence permit, not the Egyptian or Moroccan passport alone. In the UK and Turkey, a passport works. → Full guide

Step 3: Deposit and buy

Go to Deposit, choose your currency and method, and enter the amount. A SEPA bank transfer is free from Bitpanda; SEPA Instant arrives within minutes. Card, Apple Pay, PayPal (1.49%, in some countries) and other instant methods are also available. Then use Trade → Buy to buy Bitcoin, USDC or another asset. → Full guide

Step 4: Withdraw

To get cash back: Withdraw, choose a bank account in your own name, and confirm by email. To move crypto: Send, choose the network and recipient, and confirm by email. For USDC, Bitpanda sends on Polygon. → Full guide

Frequently asked questions

Can I use Bitpanda if I live in an Arab country?

No. Bitpanda only accepts residents of its supported countries, all in Europe (plus Turkey). No Arab country is on the list.

I'm Egyptian and live in Germany. Can I open an account?

Yes, as long as you live there. To verify, use a residence permit issued in Germany or an EU ID card. Your Egyptian passport alone isn't accepted for German residents.

Which nationalities can't use Bitpanda even in Europe?

Among Arab nationalities: Iraq, Libya, Palestine, Sudan, Somalia and Yemen. The full list is in our verification guide.

Does Bitpanda have P2P?

No. You fund your account directly from your bank, card, Apple Pay or PayPal.

Can I buy USDT on Bitpanda?

Not if you live in the EU. The stablecoin there is USDC.

Is opening an account free?

Yes. When you buy, the fee is shown on the summary screen before you confirm.

Get started