Bitpanda vs CEX

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bitpanda-vs-cex

The FIAT gateways – which one is offering more?

Bitpanda versus CEX – two fiat gateways that offer a plethora of currencies and cryptocurrencies like Bitcoin to exchange and trade in one place. On the one hand, we have one exchange that is much better for newcomers and on the other side, we have a more advanced exchange that even offers margin trading designed for experienced traders. Seeing exchanges competing with each other is good as it leads to innovation and introducing better trading instruments overall, Bitpanda and CEX are competing heavily for the same user base across the world.

Bitpanda vs CEX UI Comparison

Bitpanda shows us how to create a modern and user-friendly interface suitable for new people in this industry. It is unfortunate that the user interface of this platform is at the same time-limited. It does not offer good customization possibilities, which is a prerequisite for the more advanced users. Nevertheless, the UI is perfect for the use case that the exchange is aiming for.

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Bitpanda UI with advanced chart
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Bitpanda Main Page

The main UI of CEX is somewhere in the middle, as it is more advanced than the one of Bitpanda. It also offers another, much more advanced interface suitable for day trading. Why? Because CEX offers you a margin trading option. The main interface is straightforward, it may be overwhelming at first, but you will quickly get used to it. It is not as simple as Bitpanda’s novice-friendly UI.

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CEX UI
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CEX Order Tabs

The margin trading UI speaks a completely different language. It is completely different from the regular interface of the CEX as everything is considered to enable you to have the best day trading sessions. The Margin interface is basically like another universe when you look at both sides of the exchange.

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CEX Margin Trading UI

Even with a very smooth and simple design from Bitpanda, CEX offers a bit more which is why CEX takes the lead in this round.

Winner – CEX

Bitpanda vs CEX Security Comparison

The two exchanges are doing very well in this category, as neither of them has had a breach since day one. Both apply high-security standards and KYC. On Bitpanda the KYC is not mandatory for using the platform, but overall you have low limits. CEX has a mandatory KYC which you have to complete in order to access the basic instruments. 

On both, you will find the required 2FA authenticator and the use of cold and hot wallets. Both exchanges are licensed, which proves that their security is at a high level.

Bitpanda vs CEX Deposits and Withdraws Comparison

Here you have two exchanges that offer many options for deposits and withdrawals. You will not make a mistake by choosing one of these two exchanges if your main concern is to have a wide range of deposit and withdrawal options. At Bitpanda you have 20+ cryptocurrencies for deposits and 4 fiat currencies as an option via Bank Transfer, EPS, Debit and Credit Cards, and more. On CEX, you have 10+ cryptocurrencies as options for deposits and withdrawals + 4 fiat options via Debit and Credit Cards, Bank Transfer, SEPA, and more. Exchanges like this one, which offer multiple fiat currencies, are sure to be a great help at some point.

Bitpanda vs CEX Trading Instruments Comparison

Even on this front, Bitpanda offers a great deal with more than 20 cryptocurrencies for trading and exchanging with fiat currencies and Bitcoin. You also find commodities – gold and silver – and are thus on Bitpanda you will have exposure to different markets. This is perfect if you want to build a balanced investment portfolio.Besides the trading and exchanging of cryptocurrencies available on CeX, it also offers margin trading. With seven trading pairs for margin at 10x against BTC and USD, it takes the lead when compared to other exchanges. This round is even more so because the two exchanges offer things that the other is missing. For example, Bitpanda offers commodities and CEX offers margin trading.

Bitpanda vs CEX Trading Fees Comparison

Bitpanda has a high fee when you buy bitcoins with fiat currencies like the USD, but the maker and taker fee are relatively low at 0.1%. There is also a tier-based fee system where the more you trade (the more volume you have in 30 days), the lower the fees become. You can get up to 0.05% for maker and taker, and even more, if you use their tokens (BEST), you can get up to 0.0375%.

CEX applies a similar system depending on how much you trade. Till 5 BTC trading volume in 30 days you have a fee for Taker – 0.25% and Maker – 0.16%. On CEX you can get as low as 0.10% for Taker and 0.00% for Maker if you have over 6000 BTC volume in 30 days.

CEX also uses a volume-based fee structure on which if you trade up to 5 BTC in 30 days the Taker fee will become 0.25% and for the Maker fee, you will have 0.16%. You can get to 0.10 for Taker and 0% for Maker if you trade over 6000 BTC in 30 days.

Bitpanda wins this round because of its lower fees and the possibility to lower them to much lower levels than on CEX thanks to its native token – BEST.

Conclusion

Both exchanges are very close to each other and are aimed at a similar audience and while both aim to be fiat gateways. CEX introduced margin trading but that’s not enough for CEX to take home this victory. You may want to use Bitpanda for daily purchases of Bitcoin and traded on CEX through their margin trading solution. The two platforms offer very good products with Bitpanda having a more user-friendly UI while CEX offers more options for trading.