bitFlyer takes it, 2 criteria to 1.
Criterion by criterion
| Criterion | bitFlyer | Bitpanda |
|---|---|---|
| Regulation | 7.0 | 7.0 |
| Fees | 6.0 | 6.0 |
| Platform | 7.0 | 6.0 |
| Support | 6.0 | 7.0 |
| Trader reviews | 7.0 | 6.0 |
| Trust score | 6.6 | 6.4 |
The facts, side by side
| bitFlyer | Bitpanda | |
|---|---|---|
| Founded | 2014 | 2014 |
| Headquarters | JP | AT |
| Maximum leverage | 2 | 10x crypto, 20x stocks and ETFs (EU); 3x crypto (UK) |
bitFlyer: strongest points
- Two separate Japanese registrations, including a Type I financial instruments licence with a published capital adequacy ratio of 412.8% against a 120% statutory floor
- All 40 listed assets appear on the JFSA's published register, and changing that list requires advance notification to the authorities
- bitFlyer EUROPE S.A. holds a full MiCA authorisation dated 26 June 2026 and is absent from ESMA's non compliant list
Bitpanda: strongest points
- MiCAR authorisations confirmed on the FMA's and BaFin's own databases and corroborated on ESMA's EU register, down to the service letters
- For crypto and securities the contracting entity is the licensed entity, in each of the 17 countries whose contract we checked
- The 2019 Austrian AML registration was formally extinguished by the MiCAR decision rather than left running alongside it
Full detail, licence tables and the evidence behind every number: read the bitFlyer review and the Bitpanda review. Scores are recomputed daily and this page updates with them.
SCORES ARE COMPUTED BEFORE ANY COMMERCIAL CONVERSATION ยท MONEY BUYS THE SLOT, NEVER THE NUMBER