BitPanda Review

 

BITPANDA REVIEW AT A GLANCE

■ TYPE: CRYPTOCURRENCIES EXCHANGE

■ WALLET: YES

■ HEADQUARTERS: VIENNA AUSTRIA

■ ONLINE SINCE: 2014

■ CUSTOMER SERVICE: SUPPORT TICKET (response in 24 hours)

■ LANGUAGES: ENGLISH | GERMAN

 

INTRODUCTION TO THE BITPANDA EXCHANGE

Formerly known as Coinimal, BitPanada is one of the most popular European cryptocurrency exchanges, offering six cryptocurrencies to trade, and an internal wallet. BitPanda is owned by Bitpanda GmbH, based in Austria. 

■ SUPPORTED COUNTRIES: EUROPEAN COUNTRIES & OTHER COUNTRIES (NO USA)

■ FIAT CURRENCIES: EURO

► Visit the BitPanda Bitcoin Exchange

 

BITPANDA FUND METHODS AND FEES

BitPanda provides a cryptocurrency wallet, where traders can hold and store their digital currencies (by offering an address and a private key). BitPanda transfers the funds of any transaction straight away to a buyer or a seller.

BitPanda Supports:

□ BITCOIN/ALTCOINS

□ BANK WIRE

□ VISA/MASTERCARD

□ SOFORT (~2.00%)

□ SKRILL (~3.77%)

□ NETELLER

□ EURO WALLET

□ GIROPAY

NOTE: For international traders, the available fund methods include only Skrill and Neteller.

Withdraw Funds from BitPanda:

-All withdrawals are processed in Euros

-The time required is usually 10 to 30 minutes

-Fees are determined by the payout method

 

BITPANDA TRADING FEES

□ About 2.0% above the market rates

□ The trading fees are included in the price (spread between ask/bid)

□ 25 Euro Minimum Spend Amount

BitPanda offers three levels of trading limits based on the verification of an account, as follows:

• Verified Email – Not able to buy coins, but able to sell €1,000 worth of bitcoins on a daily basis
• Verified Phone Number – You can buy €50 worth of bitcoins on a daily basis
• Verified ID – You can buy €5,000 worth of bitcoins on a daily basis, and up to €75,000 on a monthly basis

There are also 2 additional programs for professional traders:

• BitPanda Plus

The Bitpanda Plus is designed for traders wishing to increase their limits beyond BitPanda limits and transact large volumes

• BitPanda OTC

OTC services to traders who are interested in purchasing or selling amounts over € 1 Million

 

BITPANDA CRYPTO ASSET INDEX

□ BITCOIN (BTC)

□ BITCOIN CASH (BCH)

□ ETHEREUM (ETH)

□ RIPPLE (XPR)

□ LITECOIN (LTC)

□ DASH (DASH)

 

BITPANDA PLATFORM AND TECHNOLOGY

The platform is very easy-to-use and it is mobile-optimized.

-Designed for trading fast crypto

-Deposit/Withdraw funds in 10-30 minutes

-2-factor authentication (Google)

-Video call verification (traders can verify their ID by communicating via their camera)

 

► Visit BitPanda Bitcoin Exchange

 

POSITIVES OF BITPANDA REVIEW

(√) Secure and very reliable exchange

(√) Deposit funds via Cards, Neteller, Skrill, and more methods (the funding fees are relatively low)

(√) BitPanda offer fast trading and a fully automated overall service (no funds are held by the exchange)

(√) Video call verification (saves time)

(√) Provides a cryptocurrency wallet (address and private key)

 

NEGATIVES OF BITPANDA REVIEW

(x) You need to verify as a 'Gold Member' to be able to trade a serious amount of money

(x) No anonymity (needs ID verification)

(x) For international traders, the available fund methods include only Skrill and Neteller

 

 

BITPANDA REVIEW CONCLUSIONS

BitPanda is one of Europe’s most secure Bitcoin marketplace, offering reliability and an easy to use trading interface. The exchange offers instant trading in six (6) popular cryptocurrencies and a wallet where traders can hold and store their digital money. The trading fees (~2%) and the deposit fees (2-5%) are competitive, given the fact you can trade crypto using a FIAT currency. In overall, BitPanda is one of the best European exchanges to trade digital currencies using credit/debit cards, and not only.

 

 

■ BitPanda Review

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