Crypto Pay by Bitpanda

What is Crypto Pay by Bitpanda?

Crypto Pay by Bitpanda is a feature that enables real-time crypto-to-fiat payments through Bitpanda's integrated partner platforms. It allows verified Bitpanda users to fund their partner accounts by selling their crypto assets directly from Bitpanda. This functionality provides a seamless payment experience via a single integration with Bitpanda's core system. It includes essential processes such as tax withholding for Austrian users.

Availability

Crypto Pay by Bitpanda is currently supported in Austria & Germany.

How does it work?

To make a payment using Crypto Pay by Bitpanda, follow these steps:

1. Select Crypto Pay by Bitpanda on our partner's platform.
2. Log into your Bitpanda account when prompted.
3. Once your Bitpanda account name matches the name on the partner account, select the crypto wallet you wish to use for two consecutive transactions initiated simultaneously.
4. Validate the money remittance transaction using SMS verification or 2FA.
5. Bitpanda will sell the selected crypto asset, and the fiat equivalent will be sent directly to the partner.

Key Features

Enjoy these benefits when you pay with Crypto Pay:

• Instant asset-to-fiat conversion: Spend crypto in a few taps and see the exact euro amount before you confirm.
• Real-time tax preview: Estimated taxes are shown up front, so no surprises after the sale.
• Familiar Bitpanda login with 2-FA: The same credentials and SMS code you already trust keep every payment secure.
• No pre-conversion hassles: Sell directly from your Bitpanda wallet—no need to move funds or swap assets first.
• Clear success feedback: Get an on-screen confirmation and automatic return to the partner app the moment your payment clears.
• Full transaction history: Every sale and payout appears in your Bitpanda timeline (and soon in the partner app) for easy tracking.
• Regulated peace of mind: Payments run through Bitpanda Payments GmbH, an EU-licensed e-money institution.
• Future-ready asset support: Crypto today, with stocks, ETFs, and metals coming next—so your favourite assets stay spendable.

Known Limitations

Please keep the following limitations in mind:

• No crypto-to-crypto transactions: Crypto is always converted to fiat before being sent to the partner.
• No recurring payments: Each transaction must be initiated manually.
• Single asset only: Payments must be made using one cryptocurrency/wallet at a time.
• No transfers to other individuals: The name on the Bitpanda account must match the name on the partner account.
• Non-reversible transactions: Once accepted by the partner, payments cannot be canceled or refunded.
• Tax withholding in Austria: If the estimated post-tax amount is insufficient to meet the required fiat payment, the transaction will not be processed.