Ethena PayEthena Pay
87
Side-by-side card comparison
Ethena Pay vs Bitpanda: overall score versus use-case fit
Ethena Pay Card has the higher Overall Score by 14 points (87 vs 73). Ethena Pay Card looks stronger for Cashback, Funds control, and Lowest fees, while Bitpanda Card comes out ahead for Travel and Transfers.
Information checked Oct 6, 202629 official sources reviewed
01 · Overall score versus use-case fit
Ethena Pay Card is the better all-round starting point
Ethena Pay Card has the higher Overall Score in this comparison. Bitpanda Card may be the better fit for Travel and Transfers. A score cannot tell you whether a provider will accept your application or whether every feature will be available where you live, so check the latest provider terms before signing up.
OverallEthena Pay87Bitpanda73Higher score
CashbackEthena Pay89Bitpanda60Higher score
TravelEthena Pay68Bitpanda79Higher score
Funds controlEthena Pay86Bitpanda56Higher score
Lowest feesEthena Pay87Bitpanda67Higher score
TransfersEthena Pay82Bitpanda85Higher score
Choose Ethena Pay Card if cashback and funds control matter most
Ethena Pay Card comes out ahead for Cashback, Funds control, and Lowest fees in this comparison. It is worth a closer look if those are the parts of a card you expect to use most.
- Strong Standard cashback bands
- No Standard monthly fee or FX markup
- Collateral stays in linked wallets
Choose Bitpanda Card if travel and transfers matter most
Bitpanda Card comes out ahead for Travel and Transfers in this comparison. It is worth a closer look if those are the parts of a card you expect to use most.
- No monthly fee
- Apple Pay and Google Pay
- Crypto and metals payments
Where each card has the edge
The overall leader does not win every use case, so the reason you want the card matters here.
- Overall Score
- Ethena Pay87Bitpanda73
Ethena Pay Card has the higher Overall Score by 14 points.
- Entry cost & FX
- Ethena Pay$0 plan · 0–1% FXBitpanda$0 plan · 0% Bitpanda FX markup on non-EUR transactions; Visa mark-up may apply. Asset sale fees remain payable FX
Bitpanda Card has the lower published FX fee (0% Bitpanda FX markup on non-EUR transactions; Visa mark-up may apply. Asset sale fees remain payable vs 0–1%).
- Purchase rewards
- Ethena Pay4% base · up to 5%Bitpanda1% cashback
Ethena Pay Card has the higher published base cashback rate (4% vs 1%).
- Funds control
- Ethena PayHybrid custodyBitpandaCustodial balance
Ethena Pay Card uses a hybrid custody setup, while Bitpanda Card uses a custodial balance setup. Neither approach is always better, so choose the level of control you are comfortable with.
- Everyday access
- Ethena PayVirtual · Apple PayBitpandaVirtual + Physical · Apple Pay, Google Pay
Bitpanda Card lists more card formats and phone-wallet options (4 vs 2).
- Money movement
- Ethena Pay1 stablecoin · Stablecoin transfers; Ethena Pay user transfer; Bank withdrawalBitpanda2 stablecoins · Stablecoin transfers; EUR SEPA withdrawal
Both cards list the same number of stablecoins and ways to send money out.
02 · Read the shortlist
A closer look at the split decision
Start with the strengths that drive each use-case result, then test them against costs and access.
- Cashback
- 4%-5%
- Plan cost
- $0
- FX fee
- 0–1%
- ATM fee
- $1 + 0.65% where ATM access is available; separate operator surcharge may apply
- Card formats
- Virtual
- Wallet payments
- Apple Pay
- Receive methods
- 0 crypto · 0 fiat
- Payout methods
- 1 crypto · 0 fiat
- Cashback
- 1%
- Plan cost
- $0
- FX fee
- 0% Bitpanda FX markup on non-EUR transactions; Visa mark-up may apply. Asset sale fees remain payable
- ATM fee
- 2%; min €2
- Card formats
- Virtual, Physical
- Wallet payments
- Apple Pay, Google Pay
- Receive methods
- 1 crypto · 1 fiat
- Payout methods
- 1 crypto · 1 fiat
03 · Compare the details
See how the trade-offs line up
Comparable figures receive a marker; missing or unverified details stay visible instead of becoming an assumed advantage.
Best known Not disclosed
CardsEthena Pay CardOverall87Bitpanda CardOverall73
Ethena Pay CardOverall87Bitpanda CardOverall73Scores
6 fields- Overall Score
- Ethena Pay Card87Bitpanda Card73
- Cashback score
- Ethena Pay Card89Bitpanda Card60
- Travel score
- Ethena Pay Card68Bitpanda Card79
- Funds control score
- Ethena Pay Card86Bitpanda Card56
- Lowest fees score
- Ethena Pay Card87Bitpanda Card67
- Transfers score
- Ethena Pay Card82Bitpanda Card85
Strengths & trade-offs
2 fields- Strengths
- Ethena Pay CardStrong Standard cashback bands, No Standard monthly fee or FX markupBitpanda CardNo monthly fee, Apple Pay and Google Pay
- Trade-offs
- Ethena Pay CardCard access is still application-gated, One-day payment grace adds liquidation riskBitpanda CardAsset sale fees on payments, Limited cashback eligibility
Costs
7 fields- Plan cost
- Ethena Pay Card$0Bitpanda Card$0
- FX fee
- Ethena Pay Card0–1%Bitpanda Card0% Bitpanda FX markup on non-EUR transactions; Visa mark-up may apply. Asset sale fees remain payable
- Top-up fee
- Ethena Pay CardProvider collateral-funding fee unknown; external network gas is separateBitpanda CardEUR SEPA deposits and withdrawals: no Bitpanda fee. PayPal deposit: 1.49%. Bank charges and other methods may differ. These fund the provider account
- Card spending fee
- Ethena Pay Card0%Bitpanda CardNot disclosed
- ATM fee
- Ethena Pay Card$1 + 0.65% where ATM access is available; separate operator surcharge may applyBitpanda Card2%; min €2
- Virtual card
- Ethena Pay CardUSD 0Bitpanda CardNot disclosed
- Physical card
- Ethena Pay CardNot disclosedBitpanda CardFirst card free. One active physical card per user.
Plans
2 fields- Available plans
- Ethena Pay Card3 plans: Standard, Pro, VIPBitpanda Card1 plans: Standard
- Top cashback plan
- Ethena Pay CardVIP: 5%Bitpanda CardStandard: 1%
Everyday use
8 fields- Network
- Ethena Pay CardVisaBitpanda CardVisa
- Card formats
- Ethena Pay CardVirtualBitpanda CardVirtual, Physical
- ATM withdrawals
- Ethena Pay CardNot disclosedBitpanda CardAvailable
- Mobile wallets
- Ethena Pay CardApple PayBitpanda CardApple Pay, Google Pay
- Apps
- Ethena Pay CardiOS, WebBitpanda CardiOS, Android, Web
- Daily spending limit
- Ethena Pay CardDynamic, based on collateral market valueBitpanda Card€10,000 per day; €70,000 per week. Minimum card payment €1.
- Monthly spending limit
- Ethena Pay CardDynamic, based on collateral market valueBitpanda Card€280,000 per month
- ATM limit
- Ethena Pay CardNot availableBitpanda Card€500 per day
Funding & transfers
5 fields- Networks
- Ethena Pay CardEthereum, Polygon, Optimism, ArbitrumBitpanda CardNot disclosed
- Crypto deposits
- Ethena Pay CardNot disclosedBitpanda CardStablecoins: USDC
- Fiat deposits
- Ethena Pay CardNot disclosedBitpanda CardEUR SEPA deposit
- Transfers
- Ethena Pay CardStablecoin transfers; Ethena Pay user transfer; Bank withdrawalBitpanda CardStablecoin transfers; EUR SEPA withdrawal
- Payout currencies
- Ethena Pay CardNot disclosedBitpanda CardEUR
Rewards
3 fields- Base cashback
- Ethena Pay Card4%Bitpanda Card1%
- Max cashback
- Ethena Pay Card5%Bitpanda Card1%
- Reward currency
- Ethena Pay CardAVAXBitpanda CardSame eligible cryptocurrency used for payment
Earn
5 fields- Advertised APY
- Ethena Pay CardUp to 6% APYBitpanda CardNot disclosed
- How it works
- Ethena Pay CardEarn on spending balanceBitpanda CardEarn on spending balance
- Separate deposit
- Ethena Pay CardNoBitpanda CardNo
- Use balance for spending
- Ethena Pay CardYesBitpanda CardYes
- Lock-up
- Ethena Pay CardNoBitpanda CardNo
Trust & availability
5 fields- Custody
- Ethena Pay CardHybrid custodyBitpanda CardCustodial
- Control until payment
- Ethena Pay CardYou keep controlBitpanda CardProvider controls funds
- Card issuer
- Ethena Pay CardThird NationalBitpanda CardTransact Payments Malta Limited
- Card processing
- Ethena Pay CardSignify Holdings, Inc. d/b/a RainBitpanda CardMarqeta
- Identity verification
- Ethena Pay CardSumsubBitpanda CardNot disclosed
Sources
2 fields- Official sources
- Ethena Pay Card13Bitpanda Card16
- Last reviewed
- Ethena Pay CardOct 6, 2026Bitpanda CardOct 6, 2026
04 · The trade-off
Ethena Pay Card is the stronger all-round choice
Ethena Pay Card finishes ahead with an Overall Score of 87 versus 73 for Bitpanda Card. Bitpanda Card has the lower published FX fee (0% Bitpanda FX markup on non-EUR transactions; Visa mark-up may apply. Asset sale fees remain payable vs 0–1%). Ethena Pay Card has the higher published base cashback rate (4% vs 1%).
Bitpanda Card still comes out ahead for Travel and Transfers, which may matter more than the overall result if that is how you plan to use the card. Ethena Pay Card uses a hybrid custody setup, while Bitpanda Card uses a custodial balance setup. Neither approach is always better, so choose the level of control you are comfortable with.
Both cards list the same number of stablecoins and ways to send money out. Before applying, confirm availability in your country and recheck the provider's current fees and reward conditions.
If one card now looks like the better fit, you can check the latest application terms on the provider site or read our full Ethena Pay Card and Bitpanda Card reviews first.
Continue with
Ethena Pay Card
Continue with
Bitpanda Card
05 · Common questions
Ethena Pay vs Bitpanda FAQ
Is Ethena Pay or Bitpanda better overall?
Ethena Pay Card has the higher Overall Score (87 vs 73). That does not make it better for everyone: your preferred fees, rewards, way of holding funds and country availability can change the practical choice.
Which has lower fees, Ethena Pay or Bitpanda?
Bitpanda Card has the lower published FX fee (0% Bitpanda FX markup on non-EUR transactions; Visa mark-up may apply. Asset sale fees remain payable vs 0–1%). Compare plan, FX, card-spend, top-up and ATM charges separately because one fee does not represent the full cost.
Which has better cashback, Ethena Pay or Bitpanda?
Ethena Pay Card has the higher published base cashback rate (4% vs 1%). Maximum rates may depend on tiers, caps, categories or other conditions, so the entry rate and reward asset matter too.
How do Ethena Pay and Bitpanda differ on custody?
Ethena Pay Card uses a hybrid custody setup, while Bitpanda Card uses a custodial balance setup. Neither approach is always better, so choose the level of control you are comfortable with.
How current is this Ethena Pay vs Bitpanda comparison?
The latest information check for these two cards was October 6, 2026, using 29 official sources in total. Each full card review lists its own check date, sources and anything the provider has not clearly disclosed.