Bitpanda Reviews

3.5

54% would recommend to a friend

(159 total reviews)
avatar

Eric Demuth

43% approve of CEO

54% positive business outlook

Bitpanda has an employee rating of 3.5 out of 5 stars, based on 159 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Bitpanda employee rating is in line with the average (within 1 standard deviation) for employers within the Information Technology industry (3.9 stars).

Reviews by job title

159 reviews
1.0
Nov 1, 2018

Miserable work environment

Recommend
CEO approval
Business outlook

Pros

Good relationship between the developers.

Cons

The co-founders are arrogant, they stay in their office and rarely talk nor frequent the developers. Human resources are actively looking for new employees but don’t care about them once hired. When a problem occurred, don’t even try to reach them. Happy and productive workers is not a goal at Bitpanda. For instance, once HR moved quickly in the morning to an office and asked everyone to leave with his equipment in a different place without notice, as with cattle. Behind the facade, Bitpanda is a small company with a rigid and miserable work environment. Example of misuses authority is frequent, and the profitability of Bitpanda thanks to the high transaction fees should not justify these behaviours.

1.0
Nov 30, 2019

Daily stress and with bad management that can't handle critics

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The people are supporting each other and most of them are open minded Perspective if they achieve all the cons (long way to go for this) Good if you come abroad, they like to hire from Eastern Europe (Romania, Slovakia, Russia...)

Cons

Management and "buddies" of C-level are the elite, can't complain on them without being marked. Communication between departments is bad. Micromanagement from PM was so tight that in some departments, it made most of days unbearable due asking same question every 15 minutes and proving every work minute. Management worked solely on just to give the CEO's whatever they want whenever they want, if they change their minds it goes immediate reorganization etc. Overhead work, people under stress, only reaction if people start leaving. Few weeks back many toxic work environment questions appeared on a biweekly meeting, resulting CEO canceling the questionnaires.

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Bitpanda Response
6y
Hello, thank you very much for taking the time to review our company. We are glad that you liked your co-workers and believe people at Bitpanda are open-minded. But it saddens us to hear that you've had a poor experience when working here. We take your feedback seriously and are having discussions internally about how we can improve in the areas you have pointed out. The questionnaire you mentioned was set in place to give all the team members an opportunity to share their thoughts and it was not canceled, it had a deadline from the beginning and management selected some of the points to discuss how we want to work on them in the future. As you may know, we have recently set an extensive feedback program into place in order to hear everyone%E2%80%99s comments and set ourselves improvement goals for the future. We did this because we believe that our team has great inputs and that only together we can make Bitpanda a great place to work. In addition, we are working on improving the overall strategy and the entire leadership level is participating in regular workshops to improve the service for their employees. Finally, I would like to mention that we are keen on hearing more details regarding your thoughts as we value your opinion. Therefore, I would like to encourage you to reach out to me personally via email. I am looking forward to get in touch. All the best,Nina
2.0
Jan 4, 2022

Do not recommend.

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

-Good product with tons of potential - it's an easy sell due to all the marketing and hypergrowth the company has had as Austria's "unicorn"; you'll get to gain experience in the crypto field, or in one of the leading startups in Europe. -Good start for anyone looking to get experience at a super fast paced company, with constant challenges. -You'll have a chance to work in a team, and work autonomously.

Cons

- Top to bottom management culture where there is little to no regard for their employees. -Little to no career progression/direction; lack of organization, transparency, and overall standardization across all departments/teams when it comes to how they measure their employees; very biased methodology in how and who they hire/fire and/or promote. -Company does not adhere to its own values- there is very little to no investment in their employees/teams. - Changes are frequent - be ready to switch gears at any moment, and often. - Employee retention is awful; turnover is ongoing beyond the typical scale-up. They expect you to work at least 50+ hours a week as it is an All-In contract; compensation is lacking and so are the overall benefits.

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Bitpanda Response
4y
Hi (former) Panda, Thanks for taking the time to speak up and share your feedback. You’re right, we move fast because our customers and business demand it. That’s why one of our key guiding principles is “Think big. Move fast”. Another two are “Act with integrity” and “Speak up. Talk Straight”, which means that honesty, transparency and trust serve as the foundation of who we are and how we work together. With our Slack company announcements channels and frequent global Town Halls, we aim to ensure that all folks are aligned to what we’re doing and where we’re going as a company — on-time and as close to “in the moment” as possible. The runway of our industry is endless and therefore, we believe our Pandas are in the best position to own their careers and really create their own path. To help guide them on this journey, we’ve introduced a completely new talent strategy which comprises of monthly 30:30 growth conversations, calibrated people days, and robust 360-degree review periods — all underpinned by Radical Candor feedback. We are very proud of our ability to attract and retain the best of the best to Team Bitpanda. We do this through a myriad of Total Rewards efforts which are guided by our Pay for Impact philosophy. This means that the more impact a Panda makes, the higher the earning potential. We always look at skills, experience level, and industry knowledge when compiling individual compensation packages, and we keep a pulse on our high-performing talent who raise the bar. Compensation adjustments are done once per year at the end of each calendar year. This means we review your impact and your package in December with any changes made coming into effect as per January 1st of the next year. Thanks again for your feedback, and we wish you every success in your next adventure! All the best, Chiara
Viewing 1 - 3 of 159 Reviews

Glassdoor has 275 Bitpanda reviews submitted anonymously by Bitpanda employees. Read employee reviews and ratings on Glassdoor to decide if Bitpanda is right for you.