Which Countries Does Bitpanda Restrict?

If your country is missing from Bitpanda's 46-entry verification list, you cannot open an account. Bitpanda publishes no restricted-country list because its approved-market model makes one unnecessary, and the gap covers roughly 150 countries and territories.

The exclusions fall into a few clear groups, set out in Bitpanda's customer acceptance policy:

• United States and its territories: Bitpanda refuses anyone who qualifies as a US-reportable person under FATCA, the US law that forces foreign financial firms to report American account holders. This captures US citizens and residents even when they live in a supported country.
• Sanctioned individuals and regions: Anyone listed on the EU, OFAC, UK, or UAE sanctions registers is rejected at onboarding. EU sanctions also prohibit providing crypto-asset services to residents of Russia, keeping that market firmly closed.
• Africa and Latin America: No country on either continent appears on the verification list, reflecting the absence of local licences rather than targeted bans.
• Most of Asia and Oceania: Major markets such as China, India, Japan, Singapore, and Australia sit outside Bitpanda's European licensing perimeter, so residents cannot verify an account.
• Minors and persons without legal capacity: Bitpanda onboards adults with full legal capacity only, in line with its regulatory obligations.

A supported passport does not override an unsupported address. Bitpanda accepts identity documents from more than 80 countries, yet an applicant living in an unlisted jurisdiction will fail verification regardless of their document.

Which Countries Does Bitpanda Support?

Bitpanda publishes an official verification eligibility list naming 46 supported jurisdictions, and only residents of those places can open an account. The list covers every EU member state alongside the wider European Economic Area, including Norway, Iceland, and Liechtenstein.

Beyond the EEA, Bitpanda accepts residents of the United Kingdom, Switzerland, Serbia, Turkey, and the Turkish Republic of Northern Cyprus. The microstates of Andorra, Monaco, San Marino, and Vatican City are covered, as are the Crown dependencies of Guernsey, Jersey, and the Isle of Man.

A few territories carry their own entries, such as the Åland Islands, the Faroe Islands, Svalbard, and Réunion. One caveat applies to France, since Bitpanda cannot accept phone numbers registered in its overseas departments and territories.

Traffic data confirms how European the user base is. According to Similarweb, Germany alone generates over half of desktop visits to Bitpanda's trading app, while Austria, France, Switzerland, and Italy make up most of the remainder. Several of these markets rank among the best crypto exchange destinations in Europe, where Bitpanda competes directly with global platforms.

Bitpanda Licences and Regulation

Bitpanda holds one of the deepest permission sets in European crypto, including three separate licences under MiCA, the EU regulation that created a single rulebook for crypto-asset service providers. The company says multiple national approvals give it flexibility because regulators launched MiCA authorisations at different speeds.

These are the principal authorisations behind the platform:

• Germany (BaFin): Bitpanda received the first of its MiCA licences from Germany's financial supervisor in January 2025, making it one of the earliest major platforms approved under the new regime and allowing passported services across all EU member states.
• Malta (MFSA): A second MiCA licence from the Malta Financial Services Authority followed weeks later, adding a Mediterranean base to the group's regulatory footprint.
• Austria (FMA): The home regulator granted a third MiCA licence in April 2025. FMA records also show approvals for Bitpanda Financial Services GmbH, which holds a MiFID II investment firm authorisation, and Bitpanda Payments GmbH, an e-money institution under PSD2.
• United Kingdom (FCA): Bitpanda Broker UK Ltd secured registration as a cryptoasset business in February 2025, placing it under the FCA's anti-money laundering supervision.
• UAE (VARA): Bitpanda Broker MENA DMCC holds a full broker-dealer licence from Dubai's Virtual Assets Regulatory Authority, granted in March 2025 just three months after in-principle approval.

This multi-licence setup places Bitpanda alongside the other MiCA-licensed crypto exchanges that cleared the EU's authorisation bar well before enforcement deadlines arrived.

Does Bitpanda Require KYC?

Yes, Bitpanda enforces full Know Your Customer verification, meaning identity checks against official documents, before any trading, deposits, or withdrawals. There is no unverified tier or reduced-limit account.

Applicants confirm their country of residence, then complete an identity check using a passport, national ID card, or another document from Bitpanda's accepted list. Residence permits are accepted in some cases, provided the holder lives in the issuing country and the permit stays valid for at least a year from the start of onboarding.

The declared residence determines eligibility before any document is examined, and Bitpanda offers no postal, email, or in-person alternative for applicants its providers cannot verify.

Can I Use Bitpanda in the UK?

Yes, Bitpanda relaunched in the United Kingdom in August 2025 through its dedicated local entity, Bitpanda Broker UK Ltd. The relaunch followed the FCA registration granted earlier that year.

UK customers can trade more than 600 cryptocurrencies and crypto indices, though the stocks, ETFs, and precious metals available to European users are not offered in Britain. New users must pass an appropriateness test on crypto risk and sit through a 24-hour cooling-off period before their first trade, both requirements of the FCA's financial promotions regime.

One distinction matters for British investors. FCA registration covers anti-money laundering supervision only, so Bitpanda is not an FCA-authorised investment firm, crypto holdings carry no FSCS deposit protection, and crypto complaints fall outside the Financial Ombudsman Service.

Is Bitpanda Available in the UAE?

Yes, the UAE became Bitpanda's first fully licensed market outside Europe once VARA granted its broker-dealer licence. Services run through Bitpanda Broker MENA DMCC, a Dubai entity operating from the DMCC Crypto Centre, which onboards Emirati investors separately from the European verification list.

The launch followed partnerships with RAKBANK and the licensed local platform CoinMENA. UAE clients gain access to one of the widest virtual asset selections among regulated platforms in the Emirates, with over 500 assets alongside savings plans and crypto indices.

Can I Use Bitpanda in the USA?

No, the United States is the most firmly closed market. Bitpanda's acceptance policy excludes every US-reportable person under FATCA, so American citizens and green card holders are refused even when living in a supported country such as Austria or Germany.

Nothing suggests a US retail launch is coming either. Bitpanda's leadership has said international growth will run through banks and institutions rather than new consumer apps, with its Bitpanda Enterprise infrastructure arm carrying the expansion into markets where a retail brokerage would struggle against entrenched global exchanges.

About Bitpanda

Bitpanda was founded in Vienna in 2014 by Eric Demuth, Paul Klanschek, and Christian Trummer, and grew from a Bitcoin brokerage into a multi-asset investment platform spanning crypto, stock and ETF contracts, precious metals, and index products. Registered users reached 7.4 million by the end of 2025, up 25% in a year, on adjusted revenue of 371 million euros.

The institutional side is scaling just as quickly. Sixteen European financial institutions now use Bitpanda's white-label infrastructure, and IG Europe added crypto trading through the same setup. Bloomberg reported in January that the company had hired banks for a Frankfurt listing targeting a valuation of 4 to 5 billion euros, though the first-half window it aimed for has since passed without a debut as the crypto IPO market cooled.

Final Thoughts

Bitpanda's geography reads differently from most exchange restriction lists. Rather than serving the world and carving out sanctioned regions, it licensed a defined set of markets and declined everywhere else, trading global reach for regulatory depth.

That trade looks increasingly deliberate. Three MiCA licences, an FCA registration, and a VARA approval give Bitpanda a compliance story few rivals can match ahead of a possible public listing, while its institutional arm extends into new regions without a single consumer onboarding.

For anyone checking access from a specific country, the verification eligibility list on Bitpanda's helpdesk remains the definitive record, and it changes as new licences land.