URL: https://exchangesteps.com/bitpanda-guide
Updated: 2026-11-11
Sources: https://support.bitpanda.com/hc/en-us/articles/360013898239-Countries-supported-for-verification , https://support.bitpanda.com/hc/en-us/articles/360000996469-Customer-ID-documents-acceptance-policy , https://support.bitpanda.com/hc/en-us/articles/360000902585-How-do-I-create-an-account , https://support.bitpanda.com/hc/en-us/articles/360000920649-How-to-verify , https://support.bitpanda.com/hc/en-us/articles/360000902525-What-fees-and-premiums-can-I-expect-to-pay-on-Bitpanda , https://www.bitpanda.com/en/move-crypto , https://support.bitpanda.com/hc/en-us/articles/360000129400-Withdraw-cash

# Bitpanda Tutorial for Beginners

> **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](https://exchangesteps.com/bitpanda-identity-verification).

## Your roadmap

| Step | Full guide |
|---|---|
| 1. Create your account | [How to create a Bitpanda account](https://exchangesteps.com/how-to-create-bitpanda-account) |
| 2. Verify your identity | [Bitpanda identity verification](https://exchangesteps.com/bitpanda-identity-verification) |
| 3. Deposit and buy | [How to deposit on Bitpanda](https://exchangesteps.com/how-to-deposit-on-bitpanda) |
| 4. Withdraw | [How to withdraw from Bitpanda](https://exchangesteps.com/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](https://exchangesteps.com/compare-exchanges) 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](https://exchangesteps.com/how-to-create-bitpanda-account)**

## 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](https://exchangesteps.com/bitpanda-identity-verification)**

## 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](https://exchangesteps.com/how-to-deposit-on-bitpanda)**

## 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](https://exchangesteps.com/how-to-withdraw-from-bitpanda)**

## 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](https://exchangesteps.com/bitpanda-identity-verification).

**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

**[Open your Bitpanda account →]**

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*Last updated: 21 October 2026 · Sources: all information comes from Bitpanda's official help pages cited in each guide.*