Bitpanda review
Pitbanda is an Austrian broker that makes investing in cryptocurrencies easy and convenient. Since 2014, it has made it possible to buy over 30 digital assets using an easy payment method. This broker is suitable for new traders, but also for advanced traders due to its pro division. In this bitcoin review we look at the site where we check if it is safe to trade and give a final score. You also have the opportunity to leave your rating in our rating system on this page.
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25% off on best trading fees + 12% annual growth on all holdings
Grab your own MOST tokens and get 25% off + extra rewards on all merchandise.
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box details
tour to the
bitpanda
There are over 30 cryptocurrencies
1.49% higher fee per transaction
Pay with easy payment method
User friendly portal and does not require any technical knowledge
optional picket
You will pay a fixed fee of 1.49% for each item in the box. This means that your investment will lose 1.49% of its value when you buy something. Unfortunately you always have to pay some trading fee, but you can save a lot when you choose a broker that charges higher fees. We recommend the Bitvoo exchange, where you pay a maximum of 0.25% per transaction. They support all easy payment methods, have built-in wallets for 58+ coins and have a great reputation in Europe. Click below to activate the deal and trade the first 1000 on bitcoins for free.
Trading 1.000 on the bitcoin exchange is free
New customers can trade up to $1.000 on the bitcoin exchange for free. The discount is valid for 7 days after registration.
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What is a bitpanda?
In the name, you might think that it is related to China, but the reason is not because it is an Austrian broker dedicated to cryptocurrency trading which started in 2014. Pitbanda is a well-known exchange that offers the opportunity to store and buy, and securely sell, a large number of cryptocurrencies via web sites or mobile applications. With over one million registered users, it has become one of the most widely used brokers in Europe.
The project was initially born with its founding company Philipp Kinski (Legal Issues), Andreas Petersen (Defense), Pius Springer (Investment) and Austrian officials.
Initially, it was called Coinimal and was intended to facilitate cryptocurrency trading in the Eurozone. This cryptocurrency broker is said to be Europe's leader in digital exchange platforms. It trades major cryptocurrency market instruments such as Bitcoin, Ethereum, Litecoin and Ripple.
In late November 2017, the pitbanda service launched SegWit to support wallets and transactions. SegWit is a technological development of the bitcoin blockchain protocol that forms the basis for future improvements to the network, in particular, to reduce transaction fees and increase scaling.
So in short, we can say that Pitbanda is a platform where you can buy or sell crypto through various payment methods:
SEPA Bank Transfer (1-3 business days and free)
EPS (0.25 Euro + 2%)
Giropay (0.25 Euro + 2%)
MasterCard and Visa (1.50%)
Neteller (0.90 Euro + 3.60%)
Skrill (1 Euro + 3.60%)
Soft (1.99%)
Straightforward
Fine
Advantages of Bitpanda
Why choose a box?
Digital asset transfer for professional traders, market professionals and companies from 54 countries.
Access real market data via API, installation of trading bots, direct migration through global network.
30+ digital assets including bitcoin, but not gold and silver.
Various fiat currencies are supported: EUR, CHF, GBP or USD.
A variety of methods of depositing and withdrawing fiat money.
Convert Euros to digital currency using IBAN (International Bank Account Number).
good customer service.
Various services like Pro, App, Savings and Pay.
25% off on best trading fees + 12% annual growth on all holdings
Grab your own MOST tokens and get 25% off + extra rewards on all merchandise.
deal work
on offer
How to create a bitpanda account?
We will walk you through how to create an account on this transaction in our Pitbanda review. Registration on the platform is quick, easy and free. Access the official website and hit the Start Now button to access the account creation form. You will need to enter your name, country, email and password. To finish, press the Create Account button.
You will receive an email with a confirmation link to activate the account. Once applied, the next step is to answer a series of questions about your financial situation (employment status, annual income, etc.). This data is completely confidential and its sole use is to comply with the AML5 regulation against money laundering.
To complete, you will need to select a personal or business account. To initiate a transaction, it is necessary to verify the account. There are two verification options to choose from: Lightweight and Full.
Fill in your real personal data and make sure you have entered them correctly as you will not be able to change them later. Select ID or Passport and click Continue. Upload documents and wait for your account to be verified (usually less than 24 hours).
How does bitpanda work?
The bitpanda website offers the best selection of cryptocurrencies that you can buy instantly. After you make a purchase, the crypto will be sent to your wallet. It is very easy to buy or sell some crypto:
1. Log in to your account
2. Verify Your Account
3. Deposit money with your preferred payment method
4. Click on Cryptocurrency and exchange your credit for crypto
Bitpanda supports more than 10 ways to mine cryptocurrency, including credit card, debit card, bank transfer, EPS, Giropay, Neteller, Sofort, SEPA, Skrill and cash (Bitpanda To Go).
A major advantage is that the company also enters other markets such as gold and silver. Selling gold, silver, precious stones and cryptocurrencies in one place is the dream of every investor who does not want to get into complicated investment practices. In the exchange office, you can exchange real gold, silver, palladium and platinum. All items are in Swiss custody. In addition, the first 20 grams of gold, palladium and platinum and 200 grams of silver have no maintenance cost.
bitpanda is a versatile site. However, on the homepage, it advertises itself as “offering all cryptocurrencies in one place”. The number of supported cryptocurrencies on the bitcoin exchange is enormous. You can exchange big names like bitcoin, litecoin and ripple.
checks and limits
bitpanda provides two types of verification methods: lightweight verification and full verification. With Lite Verification you can trade and exchange all cryptocurrencies on the platform and make payments and withdrawals using bank transfers. With full verification you can use all the features and services on the Platform. Full verification is possible depending on the country you live in.
In the overview below, you can see the current limits for the two user types.
Users have limitations subject to their own payment method. Once you are fully verified, you can reach the following limits
Neteller and Skrill offer a deposit limit of 10.000 EUR for verified users within 24 hours
Credit card, Best and Simple User deposit limit is 24500 EUR within 24 hours
SEPA offers 49,999 EUR deposit limit within 24 hours for verified users
A full list of limits and payment options can be found here: https://www.bitpanda.com/en/limits
box fee
You should consider paying fees when buying cryptocurrencies. In our opinion box fees are less competitive and very high. The indirect fee for buying and selling cryptocurrencies is 1.49% per transaction. Pricing information is updated in real time, so you don't have to do extra math to reflect the amount you'll be paying. These rates already include a commission of 1.49%.
You make cryptocurrency deposits and withdrawals based on the amount of crypto. You can find the general idea here: https://www.bitpanda.com/en/limits
For some transaction methods, such as credit cards, you pay a transaction fee. You will get the correct amount when you complete your order.
You must pay weekly savings when investing in gold, silver, palladium or platinum.
In comparison, you pay the same transaction fees as Coinbase (the same expensive broker), but many brokers charge less. We recommend you to use a cheap broker as the cryptocurrencies you will receive will be the same everywhere. The Bitvo exchange charges a maximum fee of 0.25% per transaction and you can buy 58 different cryptocurrencies. You can exchange up to 1.000 for free as a welcome bonus.
Trading 1.000 on the bitcoin exchange is free
New customers can trade up to $1.000 on the bitcoin exchange for free. The discount is valid for 7 days after registration.
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What is bitpand Pro?
bitpanda Pro is an advanced digital asset exchange for companies, professionals and businesses where they can trade and integrate trading bots with their APIs to facilitate automated trading. Pitbanda Pro is fully transactional and compatible with AML5. The same account can be used on Bitcoin Pro for Bitcoin. If you can verify with bitpanda then you don't need to go back to bitpanda pro.
Advantages of bitpand Pro:
more features
advanced chart
low fees
API integration
Pitband Pro will charge less than 0.15%, the higher the size of your product, the lower your charge.
25% off on best trading fees + 12% annual growth on all holdings
Grab your own MOST tokens and get 25% off + extra rewards on all merchandise.
deal work
on offer
Is the bitpanda safe?
The Pitbanda team respects security. It uses the most advanced technology for secure transactions. These include DDoS protection, secure offline wallets, sophisticated servers and secure vaults. Bitpanda not only provide security but also reliability of operation, ensuring that users have proper control over their algorithms. At the same time, the service is regulated by the European Union and operates according to the AML5 command, which allows the user to feel secure.
Safety is not only the responsibility of the company, but also of the user. Pitbanda offers and speeds up the application of two-factor authentication. With the ability to view active sessions and devices, and exit and close current sessions from other devices, you can always visit your account page to manage your devices. Always use a strong and unique password for all transactions in which you register an account.
At the end of this bitcoin review we can say that bitcoin is a safe broker and easy to use for all levels of clients. It allows you to buy and sell a variety of cryptocurrencies, and investors who want to trade fiat currency on a large scale may like this program.
This brokerage offers secure and speedy built-in wallets with many well-known security features. This site is not affected by any serious security breaches and generally has a good reputation among its users. Pitt's bad trading fee is 1.49%.
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