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Bitpanda Cryptocurrency Review

7

CURRENCY VERITY

7.5/10

CUSTOMER FEEDBACK

7.0/10

CUSTOMER SUPPORT

6.5/10

DESIGN

7.0/10

Pros

  • Fast and reliable
  • Low Fees
  • Easy and convenient

Cons

  • Not available Worldwide
  • Fees aren't stated explicitly

About Bitpanda Cryptocurrency

At Bitpanda Cryptocurrency they are firm believers in the innovative power of cryptocurrencies, digitised assets and blockchain technology. The mission is to tear down the barriers to personal finance and bring traditional financial products into the 21st century. Bitpanda is a fintech based in Vienna, Austria and was founded in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer.

Bitpanda has 1.2 million users and more than 190 team members. With a PSD2 payment service provider licence, state-of-the-art security and streamlined user experience, Bitpanda has grown into a popular trading platform for newbies and experts alike. Users can currently trade Bitcoin, Ethereum, gold and over 30 other digital assets.

ExchangeDetails
Exchange NameBitpanda Cryptocurrency
Exchange TypeCryptocurrency
LanguageEnglish
Withdraw Fee0.00047 BTC
 WebsiteHomepage
Support24/7
Taker Fee1.29%
MakerFee 1.29% 
 Top CountryIndia

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Bitpanda Cryptocurrency Hosting Information

Given URL:https://www.bitpanda.com/
Domain:bitpanda.com
Hosting:AS13335 Cloudflare, Inc.
Registrar:GoDaddy.com, LLC
Server IP:104.18.2.136
Name Servers:JAKE.NS.CLOUDFLARE.COM , MARGE.NS.CLOUDFLARE.COM
Creation Date2014-06-05 18:08:07
Expiration Date2024-06-05 18:08:07
Updation Date2019-05-17 14:39:50

Enable 2-Factor Authentication (2FA)

When you log certain the primary time, a pop-up will show up and ask you to enable the 2FA, which can help in increasing your account security. If you’re new 2FA, you’ll got to download the Google Authenticator  app then scan the QR (or enter the key key) so as to urge a 1-minute changing code.

After completing these three steps, you’re through with fixing your account.

Bitpanda Trading fees

Always check the trading fees of an exchange you are interested in trading at. This exchange is different from most top crypto exchanges in the way that it does not offer trading between cryptocurrencies. The only service offered is buying and selling BTC. Buyers pay 1.49% and sellers pay 1.29%. Compared to ordinary centralized exchanges, these fees would be high, but seeing as BitPanda is a bit of another creature (more focused on its fiat-to-crypto channels), such comparisons might be perceived as unfair.

Bitpanda Withdrawal fees

Another fee to consider before choosing which exchange to trade at is the withdrawal fee. The withdrawal fee is usually fixed (regardless of the amount of cryptocurrency units withdrawn), and varies from cryptocurrency to cryptocurrency. The global industry average withdrawal fee is arguably around 0.0008 BTC when you withdraw BTC, but we see more and more changes that have started charging 0.0005 BTC per withdrawal. 0.0005 BTC is thus establishing itself as the new industry average. Here, at BitPanda, you only have to pay the network fees, meaning the fees that miners receive to confirm transactions. Only charging network fees is competitive.

Deposit Methods

Bitpanda accepts deposits through both wire transfer and credit cards. Many crypto investors of course view this as very positive. You can use SOFORT Überweisung, VISA, MasterCard, Skrill, Neteller, Online-Überweisung, SEPA-payments etc. You can, however, not deposit cryptocurrencies, so the service is more focused on people taking their first steps into the cryptocurrency world.

Payment Methods Supported On Bitpanda

Bitpanda supports a variety of payment options because its primary aim is to make buying/selling cryptos easy in Europe. BitPanda supports EUR, GBP, CHF or USD Namely, here are the payment options it supports:

  • Credit card (Visa, Mastercard)
  • SOFORT transfer
  • EPS
  • Giropay
  • Neteller
  • Skrill
  • Online Bank Transfer

What we offer

Bitpanda is all about ease of use. An easy verification process gives you access to an intuitive, fast and secure trading experience. We want to make investing in digital assets as easy as ordering a pizza or a taxi. Therefore, we offer the simplest and fastest access to buying, selling, swapping or sending digital assets. We accept Euro, Swiss Franc, British Pound Sterling and US Dollar support as well as a wide range of payment and payout providers offer you extra flexibility. To stay ahead of the curve, we continuously improve existing products while expanding our scope to introduce new services.

Bitpanda Supported Countries

Bitpanda is open to all users worldwide however some operations are limited. Buying cryptocurrencies is currently only available for EU residents that are within the SEPA. This means most of the EU members plus Iceland, Liechtenstein, Norway, Switzerland and Monaco. Users outside the EU can use their accounts to store and send crypto. They can also sell cryptocurrency or receive payouts via Neteller. Additionally, Bitpanda Pro is now available worldwide to trade cryptocurrencies except for the USA or China.

All cryptocurrencies and digital assets in one place

Buy and sell any supported cryptocurrency you want, from Bitcoin to Ethereum, BEST, XRP, Pantos, Bitcoin Cash, IOTA, Litecoin, Komodo, EOS, Dash, OmiseGO, Augur, Stellar, 0x, NEM, ZCash, Tezos, Cardano, NEO, Ethereum Classic, Chainlink, Waves, Lisk, Tether, USD Coin, Cosmos, TRON, Basic Attention Token, Chiliz, DOGE and ONT.

Why you should choose Bitpanda

Easy and convenient

Bitpanda provides new users with the easiest and fastest access to the world of digital assets and cryptocurrencies, while giving experienced users full control over their portfolio.

Buy and sell securely

We feel strongly about security. To ensure that everything is 100% safe, we use state-of-the-art technology, store your funds in secure offline wallets and are compliant with AML5.

Fast and reliable

You can buy cryptocurrency and digital assets in minutes, 24 hours a day, 7 days a week. Thanks to strong API-applications, high-end servers and a fully automated order system.

Multiple payment options

You can choose between many payment and payout options, like credit card, NETELLER, Skrill, Sofort, GIROPAY, Sepa, Amazon and many more.

European company

Bitpanda is based in Vienna, Austria and was founded in 2014. Since then, we have grown to become Europe’s leading retail broker for Bitcoin, Ethereum, Litecoin and more.

Powerful charts

Our Bitpanda platform and the Bitpanda Pro use TradingView’s charting solutions to visualise trading data. Developer-friendly and powerful for users, TradingView’s charts are used by 10,000’s of websites and millions of traders around the world. To learn more visit tradingview.com

Send digital assets to other users for free

Sending and receiving digital assets to or from other Bitpanda users is not only very easy and fast, but also completely free of charge.

Create price alerts

Create as many price alerts for Bitcoin, Litecoin, gold and other supported digital assets as you want. Get notified via email as soon as the price rises above or falls below a point you defined.

2FA, browser, session and device management, and more

Secure your account with two-factor authentication. See active devices and sessions, log out and close a running session via another device. Plus, we also offer DDOS protection and SSL encryption.

Competent and fast support

We really care about our customers and always strive to keep them happy. Helping you out as fast as possible if you have any problems or questions regarding our service is our key focus.

Simple and transparent limits

Once verified, you are able to use every feature of Bitpanda. There are no tiers and every user is able to use Bitpanda the same way regarding limits and features.


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