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Penning

Penning Financial Services ApS · Denmark
Key points
Official sourceUnclaimedMiCA-licensed · Denmark
🌐 Website
Summary
01OverviewRegulatory status: MiCA-licensed or not, since when→02Services & AccessibilityWhat the app actually offers, as badges→03How much it costsTransfer, card, spread and withdrawal, in euros→04Security & custodyWhere your funds are, what recourse you have→05What to know before you startSpecifics, anomalies and affiliation→06Frequently asked questionsAnswers drawn from our verified data→

01Overview

The company

Headquarters
🇪🇺 Denmark
Team size
11-49
Trustpilot
4/5 →

Regulation

Regulatory licences
MiCA licence, notified on 15/01/2026
Licensing authority
Finanstilsynet
Registered services
  • Custody
  • Order execution
  • Portfolio management
  • Reception and transmission of orders
  • Transfer of crypto-assets
  • Crypto/crypto exchange
  • Crypto/fiat exchange
Register consulted
Consult the register → · verified on 23/08/2026

Penning is a Danish crypto broker available across the EEA and built around a non-custodial model. The crypto-assets purchased are delivered directly to the client's personal wallet, which avoids holding the digital funds on the platform for the long term. Penning offers a wide choice of assets and complements its retail offer with OTC services, a Broker Desk and management solutions for wealth or institutional clients.

02Services & Accessibility

Concrete product features, distinct from the legal scope of the licence (block 01).

Simple purchase (Simple-Buy)Integrated walletStakingCrypto cardP2P marketFuturesOptionsMargin tradingFrench-language supportInstant verification (KYC) : to be verified

Available cryptos: 190

See the list

Detailed list of cryptos available for purchase: coming soon.

Accessibility

As a broker, Penning suits some use cases more than others.

Minimum deposit: €0Mobile appWithdrawal to personal wallet possibleAutomatic DCADedicated pro interface: not disclosed

Minimum deposit of €0. Withdrawal to a personal wallet possible.

Available across the whole European Economic Area.

03How much it costs

Deposit
SEPA transfer0 %

+ 2 % currency conversion

Trading
2 %
published spread
Holding

No known holding fees

Exit

not disclosed

Blockchain network fees always excluded (identical for everyone, not set by the platform).

Penning: crypto purchase/sale and Native Swap = 2 % flat, regardless of the funding method. Deposits/bank funding are 0 € on Penning's side and network fees are re-invoiced at actual cost. Broker Desk from 1 000 €; OTC from 100 000 € with negotiable pricing; Penning Invest applies separate management/performance pricing.

Fee source: https://www.penning.io/pricing · verified on 26/08/2026
Simulate your own scenario (amount, duration, purchase method) with the fee simulator. Simulate your case →

04Security & custody

Penning is non-custodial by design for its broker offer: the crypto-assets are not held by Penning and are delivered directly to the client's personal wallet. Penning is MiCA-authorised for custody but explicitly states that it does not offer this service in its current broker product.

05What to know before you start

Non-custodial by design: Penning never holds the client's crypto, which is delivered directly to the user's personal wallet with each purchase. EUR/DKK funds are segregated in a regulated Danish bank. A single 2 % fee per transaction, displayed before confirmation, with no deposit/custody/monthly fees.

Compensation transparency: affiliate partnership with Penning: À l'étude. A partnership has no influence on ranking or the default sort order (see Methodology).

06Frequently asked questions

Is Penning licensed under MiCA?

Yes. Penning Financial Services ApS is licensed as a crypto-asset service provider (CASP) under the MiCA regulation. Competent authority: Finanstilsynet, Denmark. Notification to the ESMA register: 15/01/2026. A MiCA licence works as a passport: it allows the provider to operate across the entire European Union.

How much does it cost to buy bitcoin on Penning?

For €100 of bitcoin bought by SEPA transfer, the total cost is 2 €, spread included and network fees excluded (Uncrypt €100 index). Fees checked on 26/08/2026 against the official fee schedule.

How many cryptos can you buy on Penning?

190 crypto-assets are available on Penning.

What is the minimum deposit on Penning?

The minimum deposit is 0 €.

Can you withdraw your crypto from Penning to your own wallet?

Yes, Penning lets you withdraw your crypto-assets to a personal wallet.

Can you stake crypto on Penning?

No, Penning does not offer staking.

Can you schedule recurring purchases (DCA) on Penning?

No, Penning does not offer scheduled recurring purchases (DCA).