Bitpanda vs Hyperliquid

Bitpanda is a centralized exchange built around spot trading, staking and a wide range of tokenized stocks, and it holds a MiCA licence. Hyperliquid is a decentralized exchange focused on perpetual futures with leverage and far lower fees. The main split: Bitpanda is a regulated place to buy and hold, while Hyperliquid is a trading venue for derivatives.

Bitpanda vs Hyperliquid

Category	BBitpanda6.4/10	HHyperliquid8.8/10
Overview
CryptoWinRate score	6.4/10	8.8/10 (higher)
Founded	2014	2021
Headquarters	Vienna	Singapore
Founder	Christian Trummer	Jeff Yan
CEO	Eric Demuth	Jeff Yan
KYC	Required	No KYC
MiCA licence	Yes	No
Regulator	Austrian Financial Market Authority (FMA)	—
Availability
Available in your country	—	—
Restricted countries	157 countries	2 countries
Deposits and withdrawals
Deposit methods	11 methods	10 methods
Withdrawal methods	3 methods	1 method
24-hour withdrawal limitKYC 1	€5,000,000	—
Trading fees
Spot maker fee	1.49%	0.04% (lower)
Spot taker fee	1.49%	0.07% (lower)
EU spot feesmaker/taker	1.49% / 1.49%	—
Futures maker fee	—	0.015%
Futures taker fee	—	0.045%
Coins and markets
Spot assetscrypto	575 (higher)	316
EU coins	575	—
Futures contractscrypto	—	183
Stocks	7,758 (higher)	111
ETFs	2,638 (higher)	1
FX pairs	—	3
Indices	7	9 (higher)
Commodities	149 (higher)	9
Leverage and margin
Max leverage	—	40×
Spot margin	10×	—
Features
Spot	Yes	Yes
Futures	No	Yes
Prediction Markets	No	Yes
Demo Trading	No	Yes
Copy Trading	No	Yes
Staking	Yes	Yes
Debit card	Yes	No
Security
Proof of reserves	No	Self-custody
Cold storage	Yes	Self-custody
Two-factor authentication	Yes	Self-custody
Withdrawal address whitelist	Yes	Self-custody
Anti-phishing passphrase	Yes	Self-custody
Sign-up bonus
Bonus	100€	—
Fee discount	—	4%
	Visit Bitpanda ↗Read review →	Visit Hyperliquid ↗Read review →

Availability in your country is checked live against each exchange's restricted-country list.

Who should choose Bitpanda

Bitpanda fits someone who wants a regulated, straightforward place to buy coins and hold them. It holds a MiCA licence, requires KYC, and offers staking plus a debit card for spending. Its spot coin range is 575, and it carries a large catalogue of tokenized stocks at 7,758. The trade-off is cost: both the maker and taker fee sit at 1.49%, which is steep if you trade often. There are no futures here.

Who should choose Hyperliquid

Hyperliquid suits active traders who want leverage and tight fees. It offers futures up to 40x across 183 coins, with spot maker and taker fees of 0.04% and 0.07%, and even lower futures fees at 0.015% and 0.045%. KYC is optional, and it adds copy trading, demo trading and prediction markets. Note it does not hold a MiCA licence, so EU regulatory protection is absent.

Verdict

Pick Bitpanda if you want a MiCA-licensed exchange for buying, holding and staking, plus tokenized stocks. Pick Hyperliquid if you want leveraged futures, much lower fees and optional KYC, and you accept it is unregulated.