Compare
BP Bitpanda VS DY dYdX
These two exchanges don't share an obvious product overlap. Differences below come from our individual reviews of Bitpanda and dYdX.
| Bitpanda | dYdX | |
|---|---|---|
| Founded | 2014 | 2017 (dYdX Chain v4 launched October 2023) |
| Regions | Available across the European Economic Area under EU passporting from its Austrian licenses; not built for or targeted at US customers, and unavailable in a number of non-EU markets. | Blocked for US, Canadian, UK, and sanctioned-territory persons at the protocol's terms-of-use level on the main front end; open-source front ends and direct chain access mean geographic enforcement is a terms-of-use matter rather than a technical one: read the restrictions before connecting a wallet. |
| Products | Spot | Perpetual futures (primary product), Spot (newer, limited rollout) |
| Maker fee | Not yet verified | Not yet verified |
| Taker fee | Not yet verified | Not yet verified |
Bitpanda pros
- One account covers crypto, stocks, ETFs, and precious metals, a genuinely different positioning than a crypto-only exchange
- Multiple MiCA licenses issued directly by Austria's FMA, plus prior approvals in Germany and Malta
- Broad, mainstream fiat rail support (SEPA, cards, Apple Pay, PayPal) with fee-free deposits over a low minimum
- Large, long-running user base (7.4 million registered users as of the end of 2025) with over a decade of operating history
dYdX pros
- Fully non-custodial: funds sit in your own wallet and on-chain margin account, never in a company-controlled hot or cold wallet
- Fully open source, including the validator software, indexer, and web/iOS/Android front ends, so no single company operates the exchange once it's running
- Deep specialization in perpetual futures with an order book and matching engine built specifically for that product, rather than derivatives bolted onto a spot exchange
- Governance and fee schedule are transparent and on-chain, set by DYDX token-holder votes rather than a private company's internal decisions
This table is generated from the same data behind our individual exchange reviews. See methodology for how it's put together. Fee figures marked "not yet verified" need confirming against live terms before this page is treated as launch-ready.