forexbroker.ae logo

ForexBroker.ae > Bitpanda

Bitpanda Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?

Since its inception in December 2014, Bitpanda has become one of Europe's largest retail brokers. In addition to Bitcoins, Ethereum, Gold, and more than 50 other digital assets, the firm specializes in these transactions. One of the broker's distinctive features is that customers may purchase coins directly from the broker at a fixed commission rate, rather than dealing with other users. Bitpanda is perhaps the best place to acquire cryptocurrency for anyone in the European Union. Visit Bitpanda Website.

In this Bitpanda review, we shall go through the brokerage’s primary qualities while also enhancing our comprehension of Bitpanda functions.

Bitpanda review summary: With more than 50 digital assets, Bitpanda is one of Europe's most popular brokers. They provide cryptos like Bitcoin, Ethereum, but also precious metals like gold and silver. The Bitpanda brokers fees are quite hefty (1.49 percent ), but may be reduced by using their exchange platform (0.15 percent charge) (0.15 percent fee). Additionally, they provide a variety of extras, such as the Bitpanda Card, the Crypto Index and a native coin.

Bitpanda may be accessed via a web app or a mobile app for iOS or Android. Because of the platforms' availability in seven languages (including English and German), it's clear that they're trying to appeal to a wide range of users worldwide.

Because of the following factors, the exchange is appropriate for both newcomers and experienced traders:

Bitpanda Swap, Bitpanda Metals, Bitpanda To Go, Bitpanda To Go, etc. are explained in depth to enable novice users navigate the broker platform and grasp all the services provided.

Bitpanda has a dedicated section for professional traders, institutions, and experts.

BTC, ETH, Gold, and Silver are just a few of the 53 digital currencies supported by Bitpanda.

The brokerage takes a wide range of fiat currencies, including EUR, CHF, GBP, USD, and TRY, through a variety of payment and payout providers.

Wallet integration for all assets is built in.
The most advanced security system available.
Digital assets, including gold and silver, are supported.
Website and mobile apps that are easy to use.
A wide range of payment methods and currencies are supported.
For customers purchasing or selling quantities more than one million pounds, OTC services are available.
Different services like Bitpanda Swaps, savings and metals are all available here.

Bitcoin and the five fiat currencies accepted by Bitpanda can be exchanged at this time. There are 16 currency pairings available for trading, however the broker is only available in the Eurozone.

Debit/credit cards, bank transfer, SEPA, iDEAL, Skrill EPS GiroPay Sofort Neteller Zimpler Bitpanda To Go coupons are some of the payment options Bitpanda allows.

It's important to remember that Bitpanda's rising trading prices are in part attributable to the various payment systems' transactional costs.

In the world of cryptocurrencies, Bitpanda is a renowned broker, while Bitpanda Pro is an exchange. Using a broker, users may purchase and sell coins at a predetermined price from the broker. At the same time, exchanges provide a venue for buyers and sellers to engage in price negotiations based on the state of the market.



The Pro edition of Bitpanda is significantly less expensive than Bitpanda, which both offer trading.

Depositing money into your Bitpanda account using a fiat wallet allows you to have that money on hand for any purchases you may choose to make. You may also make withdrawals at any time if you have credit in your fiat wallet.

Bitpanda now supports five fiat wallets: Euro, USD, Turkish lira, Swiss franc, and British pound. One of these wallets can be used to make a deposit.

Click the Deposit button in the navigation bar at the top of the page.
Select the type of fiat wallet you wish to put money into.
Decide on a method of payment.
Make a deposit by selecting the amount and clicking on the Go To Summary button.
Once you've checked and double-checked everything, click the Make Deposit button.
Tweets by bitpanda If you're asked to verify the deposit, you should do so if necessary.
You'll be taken back to the Bitpanda page where your wallet should have been updated after making your payment.

What is the procedure for making a cryptographic deposit? There is also the option of depositing cryptocurrency. If you don't own cryptocurrency or don't wish to deposit cryptocurrency, you may skip this step.

Make a deposit to your account by logging into your account.
Once you've selected Assets, select the wallet you'd like to put money into.
You may see your deposit address and QR code in the address you specified.
Send money from your other wallet to your Bitpanda wallet using the deposit address.
What is the best way to acquire cryptocurrency?
In order to purchase cryptocurrency, you must first make a fiat deposit into your wallet and then follow these steps.

Click Trade on the menu at the very top of your page.
Buy by clicking on the Buy button.
Select your wallet and the coin you wish to purchase.
Select the fiat wallet from which you'll make the cryptocurrency purchase.
Specify how much you are willing to spend.
Finally, click the Buy Now button to finish the transaction.

What is the best way to get rid of cryptocurrency? With Bitpanda, you may sell cryptocurrencies in the following ways:

Select Trade from the drop-down menu.
You may do this by selecting the option to sell.
Choose your coin and your wallet from the drop-down menu.
Incoming cash may be transferred into a fiat wallet by selecting the wallet and entering the amount you desire to sell.
When you're ready to sell, go ahead and click the Sell Now button.
The revised amount should be reflected in your fiat wallet.

Payouts in fiat currency can be done in several ways. Follow these procedures to take money out of your fiat wallet.

Select the preferred fiat wallet from the list of Fiat Wallets by clicking on it.
Withdraw by clicking the Withdraw button.
Specify the account for the payment. Creating a payout account for your chosen payment provider is required if you haven't previously done so.
Click on Go To Summary once you've entered the desired withdrawal amount.
Click the Confirm button to finalize the withdrawal.
You will get an email to confirm your registration.
Bitpanda will lead you to a success page when you click the Confirm Transaction button.

On January 1, 2020, all Bitpanda users will be required to validate their accounts in compliance with EU legislation. As long as you've been vetted, you may skip the KYC section. Both account verification and the KYC quiz are required for new clients.

Bitpanda verification is a must. Preventing money laundering and funding of terrorism is a primary goal of account verification.

All Bitpanda services are available to verified users. Deposit limitations for SOFORT and GIROPAY are only available after successful verification, and you must pay a verification fee to access them.

Bitpanda's verified users have the following restrictions:

Papara's maximum is 60,000 Eur, whereas Netteler and Skrill have been set at 10,000 EUR every day.
Limit of 2,500 EUR every 24 hours for credit card and iDEAL deposits.
Bank transfers with a value of up to 49,999 EUR have a 24-hour time limit.

Our live Bitcoin price comparison will show you that Bitpanda's trading costs are greater than those of other European brokers.

There are 1.49 percent transaction costs when purchasing Bipanda.
Bitpanda charges 1.49 percent every transaction for selling the cryptocurrency.
According on how much cryptocurrency you are trading and the mode of payment, transaction fees are calculated.

Gold, silver, platinum, and palladium investors must pay a weekly storage charge.

For those who already use Bitpanda, Bitpanda Pro is a sophisticated exchange platform. Professionals and institutions are the intended audience for this product. In addition to trading, Bitpanda's Pro edition allows trading bots to be integrated into APIs, allowing for automated trading.

Regulation and compliance with the new Anti-Money Laundering Directive have been achieved by the exchange concerned (AML5). In order to use Bitpanda Pro, you don't need to re-verify your account on Bitpanda.

You may save a lot of money by trading with Bitpanda Pro, as the trading costs cannot exceed 0.15 percent.

No, it's not. It's reasonable to say that Bitpanda is a better choice than most other brokers. Denial of Service (DDoS) protection, state-of-the-art servers, and offline cold storages are only some of the advanced technologies used to safeguard transactions. For most brokers and exchanges, this level of security is standard practice.

Your money is not protected in the event of a hack or breach. The crypto and fiat money of certain other brokers are covered by insurance.

Bitpanda is completely compliance with the AML5 guidelines and EU trade rules, ensuring the safety and responsibility of its users.

Bitpanda was launched in 2014 and has more than 1 million European customers.

The 24-hour trading volume of Bitpanda was $11.19M. For the first 20 grams of gold or 200 grams of silver acquired, the brokerage no longer charges insurance or storage costs.

Bitpanda is a cryptocurrency exchange that is situated in Austria and allows users to purchase and sell more than thirty distinct cryptocurrencies using a variety of fiat currencies including Euros, Dollars, British Pounds, and Swiss Francs.

Bitpanda runs operations on two different platforms. Both the Bitpanda Global Exchange and the Bitpanda Platform are available to users.

The Bitpanda Global Exchange is designed with more experienced traders in mind; it provides trading charts and gives users the option to create individualized buy and sell orders. Bitpanda Platform, on the other hand, has a more intuitive interface, supports a wider variety of payment methods (including credit cards, SOFORT, and iDEAL, amongst others), and is thus priced substantially more.

The good news is that you may use the same account to access both of these services.

Bitpanda is distinguished from its competitors thanks to a number of distinctive features that it possesses. One is without a doubt the company's Metals offering. You may purchase digitized forms of precious metals including gold, silver, platinum, and palladium through the use of the Bitpanda platform. Because of this, you are able to diversify your holdings and utilize Bitpanda for a wider range of financial purposes, in addition to cryptocurrency investments.

The precious metals are securely stored for you in vaults located in Switzerland and come with a full insurance policy. You won't have to pay any storage charge for the first 20g, which is equivalent to 200g of silver. You will be required to pay Bitpanda's regular charge of 0.0125 percent each week of the total amount you keep for any holdings that exceed this level. This price, however, is far lower than the typical cost of storing precious metals in a secure and insured vault. It will be computed on a daily basis, and the amount will be debited from each of your Metals wallets on a weekly basis (if the wallet balance is 0, no premiums are deducted).

When it comes to gold, for example, the premium for purchasing gold is equal to 0.5 percent of the quantity you buy, while the premium for selling gold is equal to 1 percent of the amount you sell. The premiums for buying and selling gold are not the same.

Bitpanda also provides a mobile application that you may use to manage your cryptocurrency holdings when you are away from your computer. The app is really well thought out in terms of its appearance.

You are able to purchase and sell cryptocurrencies, as well as send them to family and friends, in addition to depositing and exchanging fiat cash (or yourself).
In addition, the app has a handy tab that allows you to monitor market prices for all of the cryptocurrencies as well as the metals that Bitpanda is selling. This ensures that you are always aware of what is happening in the market.

Bitpanda, being the cryptocurrency firm that it is, provides its own own token to its customers. The token for the Bitpanda ecosystem (BEST). Think of it as an upgraded version of a loyalty token. You may purchase it, and in exchange, you will receive a variety of benefits.

The only requirement is that you have BEST in your Bitpanda wallet and make at least one trade each month to qualify. The more you trade and the higher your BEST VIP level, the more rewards you are eligible to get on a monthly basis.

Buying and selling discounts If you use best to pay your trading premiums on Bitpanda or Bitpanda Pro, you will receive a discount equal to 25 percent of the total amount paid. This rebate is applied automatically and can be combined with any other rebates or promotions that the firm offers for Bitpanda and Bitpanda Pro.

You are eligible to participate in exclusive BEST VIP voting once you have accumulated a minimum of 5,000 BEST in your Bitpanda wallet, which is required for VIP level 1. You will have the opportunity to weigh in on important strategic issues, such as which digital assets Bitpanda will add next and other matters.

Lower deposit fees When you make a deposit using SOFORT or a credit card on Bitpanda, you will have the opportunity to take advantage of reduced deposit costs. If you are a BEST VIP (level 2 or 3), you will receive a discount of 20 percent on the costs associated with making deposits using credit cards and a discount of 25 percent on the expenses associated with making deposits using SOFORT.

Another fascinating quality of the BEST token is that when users pay Bitpanda for trading fees, a portion of the BEST tokens that Bitpanda has received in exchange for those fees is burned. This indicates that the total number of BEST tokens available is always going down and never going up.

How to Register for Bitpanda: The registration process on Bitpanda is simple and quick. After you have provided Bitpanda with your name and email address, you will be prompted to select which of the company's two platforms you would want to utilize.

Once you get the hang of it, Bitpanda's Global Exchange isn't that much harder to use, and it's significantly cheaper than other options.

Following this link will take you to the trading interface for Bitpanda. However, you will first need to prove your identity before you can engage in any transactions. After you have successfully verified your identity, you will be able to make deposits of fiat money, such as dollars or euros, which are required in order to purchase bitcoin and other cryptocurrencies that are traded on the Bitpanda Exchange.

text The process of verifying your account requires you to provide information such as your birthdate, address, and phone number. After you have entered your information, the next step requires you to upload a selfie along with a copy of your driver's license or passport. The next step, which might take up to a minute or two, involves Bitpanda determining whether or not the information provided is accurate. Signing up is a breeze and takes an incredibly little amount of time overall.

Now that your account has been validated, you are very close to being able to execute your very first transaction. Simply click on your user avatar in the top right corner of the screen to make a deposit of fiat currency. Select "Deposit" from the menu that drops down, and after that, select "Euro" from the list of assets.

text This will open a new window providing information about the bank account that Bitpanda uses. You may start the bank transfer by entering the information into the online banking system associated with your bank account. Please don't forget to add the reference number, as Bitpanda need this in order to successfully match the payment to your account.

Which digital currencies does Bitpanda allow customers to trade?
Bitpanda has just just added a few of new DeFi coins to its platform, which makes the exchange a lot more appealing.

A few of the advantages that we would like to highlight are as follows:

Bitcoin (BTC) (BTC)
Ether (ETH)
Anchorage (USDT)
US Dollar Coin (USDC)
Attention Getting Symbol Primitive (BAT)
ZCash (ZEC)
Polkadot (DOT)
Chainlink (LINK)
Maker (MKR)
Combinatorial (COMP)
The Synthetix (SNX)
Finance for the Year (YFI)
Uniswap (UNI)

After Bitpanda has sent you an email telling you of the arrival of the cash, it is time for you to return to the exchange to complete the transaction. To begin, you have to decide which cryptocurrency you want to purchase. This can be done by selecting the appropriate market, which in this instance is the Bitcoin to Euro exchange rate.

You may select the kind of order you wish to place by going to the left panel of the screen. The "market order" is the one that is the least complicated. Simply input the quantity of bitcoins that you wish to purchase, complete the transaction, and Bitpanda will immediately carry out your order at the price that is prevailing on the market. On the other hand, if you select "limit order," you will be able to determine the maximum price that you are ready to pay for the quantity of bitcoin that you want. This might take longer than expected since your buy order won't be "filled" by the exchange until there is a seller matching to it who is prepared to sell at that price.

The process of moving cryptocurrency held on Bitpanda to a wallet hosted elsewhere
It is easy to withdraw your cryptocurrency from the Bitpanda exchange and save it in a wallet. Simply choose "Withdraw" from the dropdown menu that appears when you click on the avatar of your profile, and then select the asset you wish to withdraw.

You will be prompted to input the amount of money you wish to transfer and the address you wish to withdraw it to when a new window opens up. You also have the choice to withdraw to the Bitpanda Platform when you use this service.

Overall, Bitpanda is a very solid platform that serves both as an exchange and a wallet. The product reflects the high level of professionalism that is used to run this business. Everything functions as it should, and the customer care team is quick to respond and highly helpful.

It is one of the finest alternatives for individuals who are new to cryptocurrency and are just looking for a simple option to get started. Some of the features that make it one of the best options are the Metal trading and BEST token as well as the mobile app and the range of deposit ways.

Bitpanda is one of the most well-known cryptocurrency exchanges available today. It is also incredibly popular with traders who are searching for a straightforward method to purchase and sell digital assets. Bitpanda was established in Austria in 2014, and it has rapidly gained a reputation as one of the best exchanges in Europe. Due to the platform's ease of use, it is especially suitable for individuals who are new to the cryptocurrency scene, as well as for traders who prefer to trade assets directly as opposed to CFDs. In this Bitpanda exchange review, we will examine major components of the platform in order to provide you with an overview of how it functions, what trading choices are available, and the charges that are associated with using it.

We have now arrived at the most important part of our Bitpanda exchange review, which is an analysis of the use, aesthetics, and general atmosphere of the site. As was discussed before, one of Bitpanda's primary advantages is its ease of use, and the simplified user interface reflects this quality. Only the purchase and sale of cryptocurrencies, and not much more, is possible through the usage of the Bitpanda trading platform. The fact that Bitpanda does not offer any complex analytics or expert trading tools is one of the reasons why it is so well suited to beginning investors. But this doesn't mean that Bitpanda is limited in any way; the platform also includes a version called Bitpanda Pro, which enables more complicated transactions and options.

The user interface of Bitpanda is one that we found to be well-designed and simple to browse. In its most fundamental form, the platform is comprised of three pages: the dashboard, wallets, and charts. Each of these sites is mostly self-explanatory. While the charts page provides daily, weekly, and monthly charts of all the cryptocurrencies and offers you the ability to set price alerts, the dashboard is where you'll find all of the tools for buying and selling cryptocurrency. To summarize, Bitpanda provides a straightforward user interface, which simplifies the process of comparing costs and engaging in transactions for new customers.

The fact that there are so many different ways to fund your account and send money is another significant advantage offered by Bitpanda. Because the company is based in Austria, its base currency is the Euro; however, customers have the option of making deposits in either Swiss francs, US dollars, or British pounds. In addition to the more conventional Visa and Mastercard choices, Bitpanda customers can fund their accounts by bank transfer, SOFORT Transfer, NETELLER, Skrill, GIROPAY / EPS, and other payment methods.

A further feature that sets Bitpanda apart from other cryptocurrency exchanges is the availability of Pitpanda to Go coupons. These vouchers enable customers in Austria to exchange fiat currency for cryptocurrency at any of the nation's post offices. Because the Bitpanda platform is fully automated, the company reviews deposits and withdrawals in real time. This means that money will typically appear in your account or wallet as soon as it has been sent. It is important to remember that in order to withdraw funds from Bitpanda, customers must first complete the platform's KYC verification process, and the withdrawal limit varies depending on the currency being withdrawn. The minimum amount that may be deposited using fiat money on Bitpanda is 25 Euro.

Our analysis of the Bitpanda exchange continues with an investigation of the customer service provided by the underlying infrastructure. This is one of Bitpanda's areas of potential improvement, since customers have voiced their dissatisfaction with the length of time it takes for the company's customer support team to react to inquiries. Nevertheless, putting that matter aside, the team presents information that is easy to understand and delivers devoted personal replies to guarantee that they handle consumer inquiries in an exact and decisive manner. Requesting support is done using an online form that involves the entry of a few data; the more information you are able to supply, the more quickly Bitpanda will be able to evaluate your inquiry. At this time, support is offered in the languages of English, French, and German.

We discovered that in addition to offering email support, Bitpanda also provided a comprehensive support helpdesk. This support helpdesk is essentially a database of frequently asked questions and the answers to those questions, which is designed to enable users to resolve their own issues if it is at all possible.

Security is an additional important issue that must be addressed by any online trading platform. The website itself utilizes complete SSL encryption and DDOS protection in order to ward off any potential threats posed by cyberattacks. This protects any communication that takes place on the website as well as any information that is inputted. All currencies are kept in cold wallets, which is the typical practice in the business these days because it makes them inaccessible to hackers and is the current standard.

Our research team was ecstatic to discover that Bitpanda places a high priority on user safety and provides a two-factor authentication option for all of its customers. Additionally, the system keeps a record of the devices that have logged in and will lock an account if it is accessed from an unfamiliar device. Put another way, Bitpanda is risk-free so long as its users stick to the established safety procedures.

Last but not least, Bitpanda conducts a verification process on each of its users before enabling them to use the site's whole set of functionalities. Documentation and participation in a video verification procedure are both required to accomplish this goal.

According to the findings of our analysis of the Bitpanda exchange, the straightforwardness of the site is its greatest asset. It offers little more than a simplified means to purchase and sell cryptocurrencies, which we highlighted as being primarily targeted at the more casual user who does not require extensive trading choices. This is because the platform caters to the more casual investor. The fact that this is the case indicates that the cryptocurrencies that are offered by the exchange were a crucial component in our analysis of Bitpanda.

Bitpanda handles a significant number of cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Dash, Ripple (XRP), and Bitcoin Cash, making it one of the most comprehensive cryptocurrency exchanges available. Additionally, the platform is compatible with an additional twenty-five cryptocurrencies that are not as well-known, some of which include Komodo, Pantos, OmiseGO, Augur, Stellar, and Tezos. On the website of the platform, you can get a comprehensive list of the coins that are supported. It is common knowledge that Bitpanda periodically revises the currencies that are included on its list of supporter coins; thus, it is important to check for the most recent revisions.

Although Bitpanda is designed for inexperienced traders or at the very least those who like simplicity, it is important to note that the platform also provides a professional trading interface as part of its premium Bitpanda Pro suite. This is something that should be kept in mind. Here, skilled traders will discover a greater variety of instruments to choose from, as well as the opportunity to trade on cryptocurrency or cryptocurrency/fiat pairings, as well as Bitpanda futures.

When thinking about joining a new exchange, the trading fees that an organization charges will likely be of the utmost importance to the majority of novice traders. The costs for trading on Bitpanda are around average, being greater than those of certain rivals while being cheaper than those of others. There is a 1.49 percent fee charged when purchasing bitcoins. The commission rate for sales is 1.29 percent. Users, on the other hand, are unlikely to be aware of these costs because they are typically concealed inside the price. Traders that use should thus carefully analyze each transaction to ensure that they have a true price for the currency, less the charge.

When it comes to making deposits, our research of Bitpanda showed that the platform offers a decent variety of different currencies, although the fees might differ depending on whatever method you use to make the deposit. This is because the third-party providers each have their own service costs, which explains why this is the case. Despite this, Mastercard and Visa both assess a 1.50 percent fee, irrespective of the currency being used. Transferring money across bank accounts is also completely free. When making a deposit or withdrawal in cryptocurrency, you can be subject to a few tiny costs linked with the network that is being utilized, which will vary depending on the coin. The BitPanda exchange, on its own, does not levy any fees associated with withdrawals.

When evaluating an exchange, it is important to take into account the many nations in which the platform is active. Although Bitpanda is believed to be a global exchange, it is primarily designed for usage inside the EU. Users using the platform from countries other than the EU may discover that some operations are restricted.

At this time, you can only purchase cryptocurrencies if you are a resident of the EU and your country is part of the SEPA. This includes the majority of the members of the EU, as well as Monaco, Iceland, Liechtenstein, Norway, and Switzerland.

Users located outside of the EU can make use of their Bitpanda accounts to store and transmit cryptocurrency, in addition to receiving rewards using SEPA, NETELLER, or Skrill.

Due to the strict rules that govern trade in the United States, the platform is not yet supported there. Although many US traders continue to use Bitpanda in some form, we believe that there are probably better solutions available on the market, especially considering how easy it is to use the exchange. This is especially true considering how straightforward Bitpanda is.

Again, it is quite probable that Bitpanda will expand its worldwide service whenever it is possible, and it is possible that jurisdictions may be susceptible to change.

If our evaluation of the Bitpanda exchange has grabbed your attention so far, you may be wondering exactly how to make trades on the site. If this is the case, continue reading.

Unsurprisingly, the first thing that has to be done is to sign up for an account. When you click the "Get Started" button, you will be sent to the account creation form. On this form, you will be required to give a few pieces of information about yourself, including your name, email address, and country of residence. After this phase of the verification process has been finished, Bitpanda will email you a link to the next stage so that you may finish the procedure. In order to proceed, you will need to input the information of a valid identity document, which is typically a passport or an identification card. You will be redirected to a third-party verification service by Bitpanda, where you will also be asked to complete a video identification process, which will involve you holding your photo ID next to your face for a few moments. Bitpanda does not perform its own internal review of the documents; rather, it sends you to that service. Our assessment of the Bitpanda exchange discovered that the entire process may be finished in a matter of minutes, despite the fact that it may sound like a drawn-out process.

After this has been completed, you will be able to use any one of the available options to make a deposit by clicking on the "Deposit" tab. After that, you will see a form for a standard deposit, which will give you the option to select the mode of payment and the minimum amount necessary. With the notable exception of bank transfers, deposits are often completed in an instant. Withdrawals may also be processed by just touching a button on the Bitpanda website, as the platform does not need users to go through a human review procedure.

Using Bitpanda and understanding how to trade are both very simple processes. When all of the steps described above have been finished, it will be time to examine the trading screen and the Bitpanda price index. Because Bitpanda is such a straightforward exchange, getting started with both buying and selling cryptocurrency is quite simple. The current prices of the supported cryptocurrencies will be shown on the trading panel. Due to the fact that the platform does not offer limit orders or stop losses, traders are essentially limited to only two alternatives when conducting transactions. You may either "Buy" cryptocurrency by clicking the "Buy" button, or "Sell" cryptocurrency by clicking the "Sell" button. Choose the currency you want to trade, enter the amount you want to buy or sell, and click the button to confirm. This process, like everything else on Bitpanda, is very simple and all you need to do is choose the currency you want to trade, enter the amount you want to buy or sell, and click the button.

Because of its user-friendliness, BitPanda is an excellent choice for those who are just starting out in the cryptocurrency world, as well as for investors who are looking for a platform where they may acquire crypto assets without engaging in frequent trading. After you have gotten everything set up and operating, you will have the ability to go to the "History" menu and go through all of your previous transactions. This is something that our Bitpanda exchange review notes as a positive for the beginner, but notes as a little limiting for the more experienced crypto trader, who will find that Bitpanda Pro is a more suitable option. That is pretty much it for trading on the site – as you can tell, it's fairly easy to find your bearings and start trading.

Bitpanda is widely regarded as one of the most successful cryptocurrency trading platforms located in Europe. This reputation has been well earned. It was once known as Coinimal, and in October 2016, it was presented with a startup award. Since then, it has amassed a significant following, and it now has over one million active users. Customers have, on the whole, expressed satisfaction with the platform because of its user-friendliness, the variety of payment methods it supports, and the rapidity with which it processes transactions. Even if there are occasionally complaints about the lack of trading possibilities, our research of the Bitpanda exchange reveals that the platform is primarily designed with the inexperienced investor in mind. Bitpanda offers a separate platform that is more suited to the needs of experienced traders.

It is time to bring our Bitpanda exchange review to a close by providing a brief overview of the most important topics. Bitpanda has built a solid reputation for being a trustworthy and safe cryptocurrency trading platform, making it an excellent choice for first-time crypto investors who have limited or no prior expertise in the cryptocurrency market. While this does mean that there are less options available for orders and trading, it does result in a more streamlined and user-friendly interface that is generally free of complicated metrics that might confound less experienced traders.

Users were able to deposit funds into their Bitpanda accounts in a variety of fiat currencies and cryptocurrencies, including Euros, United States Dollars, British Pounds, and Swiss Francs. This was one of the most notable aspects of the Bitpanda platform. Deposits may be made using a variety of different methods, including bank transfers, Visa and Mastercard credit cards, and Skrill.

As far as cryptocurrency exchanges go, Bitpanda is one of the most well-known. This Bitpanda review includes all of the relevant information that traders need to make an informed decision about whether or not the platform is right for them.

Bitpanda was formed in 2014 by three crypto enthusiasts in Vienna, Austria: Paul Klanschek, Eric Demuth, and Christian Trummer. Traders in the European Union (EU) may easily purchase and sell bitcoins and other popular digital assets using this platform. These three crypto enthusiasts were firsthand witnesses to the challenges of obtaining bitcoins in Europe in 2013 (during one of the massive Bitcoin surges).

Because of this gap in the market, they began to see the potential for creating their own cryptocurrency exchange. Coinimal GmbH was formed in December 2014 after extensive cooperation and consultation with Vienna's local authorities. As Bitpand, Coinimal was originally a financial technology firm that specialized in selling and purchasing Bitcoins and other cryptocurrencies.

As soon as it was launched, the exchange swiftly became a top retail broker for Bitcoin, Ripple, and Ethereum in Europe. SEPA or credit card purchases of crypto currencies are among the most affordable options available to EU citizens. The firm has more than 900,000 active crypto users after expanding its services to include precious metals including gold, silver, and other precious metals.

Traders may use Bitpanda to buy and sell bitcoin and other prominent cryptocurrencies against a trading charge, like any other cryptocurrency exchange.

Bitpanda's registered users can take use of the following functions:

If you're looking for one of the most user-friendly cryptocurrency trading platforms, Bitpanda is your best bet. Intuitive user interfaces on mobile and desktop devices make it simple for anybody, regardless of previous trading expertise, to engage in crypto trading (the purchase and sale of digital assets).


In Coinimal, Bitpanda was established in October of that year. "Startup Award" winner in October 2016, the firm has been a trusted name in Bitcoin's ecosystem since it was founded. Now, it has more than 1.2 million clients throughout the world, and has received hundreds of excellent ratings from customers.

Bitpanda UK, like other large cryptocurrency exchanges and brokers operating in Western nations, demands its customers to meet KYC (Know Your Customer) and AML (Anti-money laundering) requirements. People will need a government-issued ID and other evidence validating their identity in order to utilize this service.

The privacy of Bitpanda clients' data is often jeopardized since the exchange stores every aspect of their client's data on their servers for safety, even though this sort of verification method offers an extra degree of security. Even if KYC procedures are speedier at Bitpanda than other exchanges, this level of customer intrusion is reasonable provided it protects user data and money.

According to how much personal information customers are ready to provide, the Bitpanda exchange offers a variety of verification levels and trading limits.

Bitcoins may only be purchased with a validated email address; nevertheless, they can be sold for a maximum of 1,000 EUR per day and 7,500 EUR per month.

Users can buy bitcoins using any of the approved payment methods on the platform, save for credit cards, if they have a confirmed mobile number. You can buy no more than 50 EUR worth of bitcoin every day.

With a validated ID, credit card customers may buy bitcoins up to 350 EUR per day and 10,000 EUR per month. For other payment methods, users can acquire bitcoins up to 5,000 EUR per day and 75,000 EUR per month.

It is possible to acquire bitcoins with a credit or debit card and other payment options such as SOFORT, EPS and NETELLER, which are all instantaneous. SEPA transfers, on the other hand, may take up to 24 hours to complete, meaning that the user's Bitpanda wallet may not get their bitcoins for up to 24 hours.

Bitpanda has expanded its activities to include precious metals sales, such as Gold, Silver, and Palladium, in addition to crypto trading. Diversifying a portfolio with gold and silver is always a smart idea.

If you already have a Bitpanda account set up, Bitpanda makes it even more convenient for you to acquire cryptocurrency. The precious metals acquired on the platform may also be kept, and users can switch them out for any digital currency on the platform at any moment. It Metals also offers a variety of other benefits to its customers, such as recurring purchases or insurance and storage payments that are completely free.

Like any other fiat-linked crypto service, getting started with Bitpanda is simple and straightforward. To begin the trade, follow these three steps:

The platform requires users to sign up by visiting the platform's official website and entering their current email address, phone number, and other personal information such as their complete name, date of birth, and password in the registration form provided. It is next necessary to authorize your trading account on the platform by clicking on a link in an auto-generated activation e-mail delivered to your registered e-mail id.

In order to meet regulatory KYC (know-your-customer) standards, Bitpanda requires users to verify their identification before they may acquire bitcoin and other supported cryptocurrencies. The verification procedure at Bitpanda is fast and completes in a matter of minutes.

It's necessary for Bitpanda users to submit their personal information and upload an image of a government-issued ID, such as a passport or driver's license, in order to begin a brief video conversation with one of the exchange's (Bitpanda's) verification partners, such as IdentityTM or IDNow. Both systems will immediately link users to the relevant supplier as soon as they pick a document from their accessible library.

Customers will be sent to the exchange's dashboard after completing the verification process. All of their purchases, sells, and swaps can be tracked on the site. They can also receive an overall snapshot of their portfolio.

Traders at BitPanda have the option of signing up for one of three types of accounts, each with various restrictions and verification requirements.

Account types for beginners have the following features:

It merely asks for an email verification.
The maximum amount you may purchase or sell in a day is 1,000 EUR.
The monthly maximum for buying or selling is 7,500 Euros.
30,000 EUR is the maximum amount that may be purchased or sold in total at this time.
The lowest echelon


The following are the Bronze account types:

A mobile phone number and an email address are required for this sort of account.
The daily limit for buying or selling is 1,500 EUR.
The maximum amount you can purchase or sell in a month is 10,000 EUR.
The total amount you can purchase or sell is 50,000 EUR.

There is a longer verification process for Gold-level account types. The following are the features:-

A government-issued picture ID (such as a passport or driver's license) verified with IDNow or a video through the program verify-U is required for users with Gold level accounts.
Limits for daily purchases and sales are set at 15,000 Euros each.
Buying and selling is restricted to EUR 300,000 per month.
The maximum amount of money you may purchase or sell is 1,500,000 euros.

Is Bitpanda a Good Place to Buy Cryptocurrency? Traders who want to learn more about Bitpanda's crypto-buying procedure may follow this extensive step-by-step instruction here:

Clicking on the "Trade" navigation icon will bring up a pop-up menu with two options: purchase or sell, which must be selected before trading can be completed. In order to buy crypto assets, traders must select the "Buy" option.

This is the second phase, in which customers must select the asset (from the Bitpanda platform's supported list of assets) they wish to purchase. It might be a cryptocurrency such as Bitcoin, Ripple, or Ethereum, or an index/precious metal such as gold or silver.

Customers are needed to select the amount they want to invest in their favourite crypto assets at this phase. In this case, the customer has two options: either input a specified sum in fiat money, such as 500 Euros, or choose a precise quantity of cryptocurrency, such as 0.1 BTC.





There is a another method of payment for trading premiums on the Bitpanda trading platform: BEST. Bitpanda's in-house cryptocurrency, known as BEST, allows users to pay for the services they utilize on the platform. Bitpanda costs (trading fees) can be reduced if the best cryptocurrency is used to pay for trading premiums. The next step is to click on the "Go to summary" button once customers have entered the amount they wish to buy their selected cryptocurrencies and decided whether or not to pay Bitpanda fees (trading premiums) with BEST.

The Bitpanda exchange presents the trader's buy report as the last step. Bitpanda's "Buy now" button may be clicked only after the trader has confirmed that all of his transactions are valid and has agreed to the terms and conditions spelled forth on the site.

One thing that is clear from all of the Bitpanda reviews that can be found online is that no incentives or promotional offers are offered by the exchange. Because of this, it's difficult to determine whether the exchange can attract clients only with its trading services.

This trading platform does not need any further promotional incentives to attract clients. It attracts attention since it is one of Europe's most convenient places to purchase and trade cryptocurrencies.
Coins and Nations were backed by Bitpanda.

More than 25 cryptocurrencies and four fiat currency wallets are presently available on the Bitpanda platform. Bitpanda, on the other hand, accepts the following cryptocurrencies:

BTC, LTC, DASH, XRP, ETH, BCH, MIOTA, EOS, KMD

In addition to SEPA, Skrill, and NETELLER, Bitpanda customers worldwide may sign up, sell cryptocurrency, and get their rewards using these methods. Only European customers within the SEPA can utilize the platform's purchasing options (Single Euro Payments Area). SEPA includes the majority of EU countries, as well as Norway, Iceland, Monaco, and Switzerland, as well as other countries.

In order to deposit funds into your trading account on Bitpanda, you may use a variety of payment methods, including credit card, debit card, EPS, bank transfer, GiroPay, Neteller, Sofort, Skrill, Cash (Bitpanda on the go), Zimpler, and iDEAL. Investors, on the other hand, should be aware that the platform's alternative payment options have varying costs.

Prior to making a deposit at Bitpanda, traders should always verify the payment alternatives they want to utilize. Credit cards and Skrill impose more costs for chargebacks than other payment methods, such as wire transfers.

Bitpanda's Bitpanda App, available for iOS and Android smartphones, makes it easy for customers to acquire cryptocurrency on the move. Users of the Bitpanda app may buy Bitcoin and other prominent cryptocurrencies on their PCs and trade them easily on their cellphones using this application.

An email support ticket system is used by the BitPanda exchange, which requires customers to fill out an online form with their questions. Ticket support is available around the clock, and it's quite fast. In this way, most issues are handled within 24 hours or less..

In addition, traders can also contact the customer service team by email. In addition, a dedicated assistance center is available for traders to access, where they may browse pre-organized questions and answers under a variety of headings. If you have any questions about Bitpanda services, check out this website.

Customers from all around the world have given Bitpanda a very good rating, based on our Bitpanda review, indicating that it looks to satisfy their expectations.

Is it safe to use Bitpanda? Yes, Bitpanda is one of the world's safest bitcoin exchanges.

How much are the Bitpanda fees? According to the many Bitpanda reviews, clients are not happy with Bitpanda fees, despite the fact that there are no other complaints against the exchange. This is true. Bitpanda's trading fees are higher than the industry average. Because of the higher transaction costs associated with using third-party payment providers and credit cards, this trade is more expensive. Bitpanda charges a 1.49 percent purchase fee and a 1.29 percent sale fee.

Is it safe to use the Bitpanda Wallet? The Austrian FMA (financial market authority) has approved Bitpanda as a payment service provider in accordance with European regulation PSD2, making it a secure and reliable trading platform. SSL encryption, cold storage of digital assets, confirmation emails, session management, and 2FA are just a few of the finest security measures the organization uses to protect customer data (two-factor authentication). Besides that, Bitpanda employs approximately 250 employees in Vienna, Austria, and is backed by a number of high-profile investors.

The Bitpanda headquarters may be found at the following address: Vienna, Austria, is home to Bitpanda.

My Bitpanda Account Isn't Working. In order to withdraw funds from the Bitpanda external wallet, complete these steps: -

Check out Bitpanda Pro.
Select the coin you wish to withdraw by clicking on the 'Withdraw' button.
Input the money and the address.
Select "Withdraw Now" from the drop-down menu that appears.
"Authorise Now" will appear when you enter the 2FA code.
The withdrawal procedure will be completed with a confirmation email.

Within the Eurozone, Bitpanda is a respected cryptocurrency exchange that may be used to purchase, sell, and store digital assets. Instead of competing against other users on an exchange to get the best bid and ask rates, Bitpanda's 300,000 customers buy coins directly from the firm for a fixed broker commission and have the option to do so. The company is situated in Vienna, Austria.

How does Bitpanda do in a marketplace saturated with other cryptocurrency brokers? After doing an in-depth analysis of the prices, features, as well as the benefits and drawbacks of the Bitpanda exchange, we came to the conclusion that the platform offers a trustworthy service at a reasonable cost.

This cryptocurrency exchange can be found in Vienna, which is located in Austria. It began operations in 2014 and quickly became a prominent cryptocurrency exchange in Europe. Before changing its name to BitPanda in 2016, it was known by its previous moniker, Coinimal.

The following are some of Bitpanda's most notable features:

A Visa debit card that allows you to spend your cryptocurrencies in more than 54 million locations across more than 200 countries.
Compliant with the latest anti-money-laundering guidelines issued by the European Union (AML5)
Earning potential by participation in affiliate marketing, receiving referrals, and holding BEST tokens.
Provides several trading opportunities, including trading in cryptocurrency indexes
You may trade over a hundred different cryptocurrencies, including Bitcoin and Ethereum.
Users with verified accounts have the ability to use "Bitpanda Pay" to send payments to any IBAN in the EU.
A platform that facilitates the buying and selling of cryptocurrencies.
The Bitpanda Pro operating system platform
Innovative, API-driven infrastructure known as Bitpanda Plus, designed specifically for high-volume traders who may profit from increased limits and discounts.

Bitcoin, Ethereum, and Cardano are the most actively traded cryptocurrencies on Bitpanda. Bitcoin is in the lead with an average of 290 BTC being exchanged over the course of the last twenty-four hours. In a standard 24-hour period, the base volume for Ethereum is often in excess of 700 coins.

Bitpanda now offers over 100 different cryptocurrencies and over 20 different trading pairings. The following is an outline of some of the more important ones:

Bitcoin (BTC) exchange rates for Euros, Swiss Francs, and British Pounds
Ethereum (ETH) - ETH/EUR, ETH/CHF
XRP(XRP) - XRP/EUR, XRP/CHF
Cardano(ADA) - ADA/EUR
Litecoin(LTC) - LTC/EUR
Bitpanda Provides a Number of Alternative Trading Options
The primary forms of trading available on Bitpanda are known as spot markets and crypto indices. The Bitpanda Pro trading platform is where you'll find the spot markets, while the Bitpanda trading platform is where you'll find the crypto indices. The platform does not, however, provide access to sophisticated trading options such as margins, futures, or contract for differences (CFDs).

Let's take a quick look at the mechanics behind these different types of trading instruments.

Spot trading is supported by Bitpanda and Bitpanda Pro, which enable users to purchase, sell, and trade cryptocurrencies. Bitpanda pro gives institutional traders access to over 20 trading pairs, including BTC/EUR and ETH/EUR, amongst others.

Crypto indices: Bitpanda gives users the opportunity to participate in the whole cryptocurrency market with their platform. The Bitpanda Crypto index 5, often known as BCI5, gives investors the opportunity to trade the five cryptocurrencies that have the most market share and liquidity. In addition, dealers can choose between BCI10 and BCI25 contracts.

On Bitpanda, is it possible to trade using leverage? Bitpanda and Bitpanda pro do not provide any trading alternatives that include the use of leverage.

Where Can I Find the Spreads? Spreads on Bitpanda are not expressly mentioned and are subject to change at any time. The current spread is displayed in the middle of the order book for everybody to see.

What Are the Fees, Limits, and Transfer Speeds for Making Deposits and Withdrawals? Bitpanda gives users the ability to deposit funds in a variety of currencies, including US Dollars, British Pounds, Swiss Francs, and Euros. For each of these currencies, traders may choose from a broad selection of different funding sources.

The Bitpanda Pro trading platform includes both maker and taker fees in its transaction structure. Buying and selling cryptocurrency on the site is also subject to the payment of additional fees. When you buy cryptocurrency, you may anticipate paying a fee equal to 1.49 percent of the whole transaction value. On the page that confirms orders, the buy and sell prices already contain the fees and commissions. The ownership of BEST tokens, which promise a twenty percent decrease in expenses, enables buyers of cryptocurrencies to lower the fees they pay on the platform.

Traders can choose from a broad variety of funding sources that are made available to them. This is the list that we have:

SEPA: Deposits in cryptocurrency can be made using the following methods: Neteller Mastercard Visa Sofort Giropay/EPS Bitpanda To Go Skrill

The methods of deposit that are accessible are contingent upon the particular currency being used. For example, you may deposit Euros using any of the aforementioned methods, however depositing US dollars is limited to only three such methods (Skrill, Mastercard, and Visa).

Your verification level and the financing method both have a role in determining the maximum amount you may withdraw from Bitpanda. The following is a list of the maximum daily limitations in Euros for certain deposit methods:

Credit card - €2,500
Transactions Made Via the Internet - €10,000
Bank transfer (SEPA) - €500,000
The minimum deposit required varies from currency to currency, however it can be as little as one euro (or one pound sterling, or one Swiss franc, or one dollar, or ten Turkish lira). On the other hand, there is a $25 minimum deposit requirement for bank transfers.

The manner in which deposits are made has a significant impact on the transfer speeds that may be achieved. Instantaneous processing is offered by several means for making deposits online, including Giropay, Neteller, Visa, and Mastercard. Transfers made through the bank typically take one business day to be processed.

Before being allowed to trade on Bitpanda, prospective traders are need to go through the Know Your Customer (KYC) verification process. There are many layers of verification, and your trading actions will determine which one you are subjected to.

The following is a list of the withdrawal methods that may be utilized on Bitpanda:

Skrill, Neteller
Bitpanda payouts
The alternatives available for withdrawing money through SEPA change according on the currency at hand. For the withdrawal of GBP, for instance, Skrill, Neteller, and SEPA are all acceptable methods, however for USD withdrawals, only Skrill is acceptable.

The following is a list of the daily withdrawal limitations in US Dollars:

Online payment - $112,675
SEPA - $5,633,737

Withdrawals are only available to those who have been verified. The rate at which the transaction is completed will be determined by the payout choices that you select. When compared to other payment methods, such as Neteller and Skrill, bank transfers take a much longer amount of time.

Bitpanda has specified minimum withdrawal amounts, although these amounts vary depending on the cryptocurrency. For example, the lowest possible amount of Bitcoin is 0.00057000 BTC, and this does not include any transaction fees.

How Much Do the Fees and Commissions Cost on Bitpanda? It is normal practice for cryptocurrency platforms to levy a variety of fees and charges, with the specifics of which being determined by their economic model. Bitpanda, much like a large number of other platforms, incorporates all purchase and sell fees into the offer price. Customers should take note that the prices listed below are subject to change in response to fluctuations in the value of cryptocurrencies in real time. The vast majority of cryptocurrency exchanges support this particular kind of market order.

In the same vein as Binance's BNB token, Bitpanda's BEST coin is designed to encourage users to engage in trading on the site. For instance, when customers pay their fees with BEST, traders receive a discount of 20 percent.

The following is a rundown of the costs that are associated with using Bitpanda.

Fees for transactions are calculated at 1.49 percent when purchasing bitcoin and 1.29 percent when selling cryptocurrency.
Fees charged for depositing and withdrawing currency from the Bitpanda platform are referred to as "deposit and withdrawal fees."
Fees for makers and takers Bitpanda Pro imposes a maximum fee of 0.1 percent for makers and 0.15 percent for takers on transactions. The smaller the costs are, on average calculated over a period of 30 days, the higher the trading volume of an account is.
It does not cost anything to send cryptocurrency from one account to another. There are no fees assessed for account maintenance, inactivity, or convenience use.

One euro (or one pound sterling, or one Swiss franc, or one dollar, and ten Turkish lira) is the minimum amount required to acquire or sell cryptocurrency. In addition to that, the portal provides a rundown of the minimum deposit requirements for each cryptocurrency. For example, the smallest amount of Bitcoin that may be traded is 0.00050000 BTC.

Limits can be set for a trading period of 24 hours as well as for a monthly time frame. Additionally, they are reliant on the amount of authentication that an account has.

On what kinds of gadgets can I use Bitpanda? Bitpanda is accessible both on desktop computers and mobile devices. You can manage your portfolio, purchase, sell, and keep cryptocurrency with the help of these programs. The following is a list of all the devices that can connect to Bitpanda:

Desktop computers
Laptop PCs Tablets
Mobile phones
You may use the web browser that is installed on your device to visit Bitpanda. You will get access to the platform's whole set of features and be able to investigate all of them. The web-based application of Bitpanda is replicated on the mobile platform as the Bitpanda mobile app. The mobile application may be downloaded from the Apple iOS App Store as well as the Google Play Store.

Depending on the cryptocurrency assets that pique your interest, you may use the app to purchase, sell, swap, deposit, withdraw, and even set price alerts. The apps are supported by sufficient servers, comprehensive application programming interfaces (APIs), and secure offline wallets.

Is it possible for me to use Bitpanda in any country? Bitpanda primarily caters to customers located in the EU. The exchange may be accessed in 37 countries, some of which include Austria, the United Kingdom, Italy, and the United Arab Emirates.

Before registering with Bitpanda, we strongly suggest that anyone interested in trading do some research on the legal climate in their own nations. Because cryptocurrency is illegal in some nations, for instance, it may be hard to use exchanges such as Bitpanda in those nations.

Is Bitpanda Available in My Language? On top of English, the Bitpanda platform supports a total of five different languages. The languages French, Spanish, Turkish, and German are among the most important ones.

How Straightforward Is It to Make Use of Bitpanda? The process of purchasing cryptocurrency on the web and via mobile applications is made straightforward and uncomplicated by Bitpanda. The simplicity of use is equivalent to that of Coinbase, which means that the user interface is straightforward. This makes the trading experience superior even for those who are just starting out.

The trading engine prioritizes rapidity, safety, and dependability in order to provide the best possible experience for its users. In addition, the exchange has made efforts to provide a wide variety of deposit and withdrawal methods, in addition to a mobile app that operates in the same manner as the website.

User feedback consistently echoes praise for the straightforward interface of the platform. However, there is a lack of consensus on the quality of the user experience. A significant number of customers have complained about a lag in the processing of their deposits, withdrawals, and support requests.

Key Features Bitpanda is loaded with several interesting and useful features. Let's have a look at these essential characteristics.

The Bitpanda ecosystem makes use of two different native tokens to accomplish a variety of objectives. Pantos, which are represented by the symbol PAN and may be bought and sold on the Bitpanda market, are used to encourage interoperability across different blockchains.

On the other hand, BEST intends to be a token that is highly useable, appealing as a form of investment, and incentive for users who make use of Bitpanda.

Bitpanda gives users access to three distinct groups of cryptocurrency indices to choose from. Using this instrument, investors may make investments in the cryptocurrency market with just the press of a button. A broad portfolio is provided by the three distinct categories, which each feature the top five, ten, and twenty-five cryptocurrencies according to their liquidity and market share. For instance, cryptocurrencies like as Bitcoin, Ethereum, Binance currency, Solana, and Cardano are included in the BCI5 basket.

This financial instrument is subject to stringent regulations and is audited thoroughly to ensure complete openness.

Users are able to instantaneously and without cost exchange one cryptocurrency for another cryptocurrency using the swap tool. There are no trading limitations associated with swap transactions.

Bitpanda offers a functional feature set to its users in order to ensure the safety of their private information and the assets they keep on the site. Users, for instance, are required to turn on two-factor authentication for their respective accounts.

Additionally, Bitpanda provides cold storage, which means that cryptocurrency assets are maintained in an offline environment. There are also the following additional safeguards in place to prevent unauthorized access to your account:

Incorporation of session management into operations
Verification of users through the use of reCAPTCHA techniques
Confirmations sent through email
Spot checks
In addition, the exchange utilizes SSL and DDOS security to forestall infiltration from the outside world.

The offline storage of crypto assets makes it exceedingly difficult for hackers to gain access to the data. In addition to utilizing a robust password, users are required to enable two-factor authentication (2FA). During the process of creating an account, there will be a colored bar indicating how credible your credentials are.

Users of the platform are strongly encouraged to engage in responsible online behavior. They highlight the fact that users should make sure their browsers are up to date, utilize password managers that encrypt users' passwords, and stay away from single points of failure.

Bitpanda is not subject to any regulations. However, the Austrian regulatory authority oversees Bitpanda payments, which is the company's subsidiary that processes financial transactions. The European Union has imposed regulations on Bitpanda Pro.

Yes, in order to comply with AML5D legislation in the EU, each individual who registers for the platform is required to complete the KYC verification process.

As verification papers, we accept passports not only from the United States but also from every other country. Identification cards are not widely recognised; nonetheless, they are acceptable in a number of nations like Austria and Bulgaria. Licenses to drive and proofs of residency are not accepted forms of identification.

Bitpanda provides a platform for e-learning that is both free to use and often updated with new content. The platform is segmented into several areas based on the user's degree of expertise and competence. This spans the skill levels of a beginner all the way up to an intermediate level. In addition to cryptocurrency, the resource center provides information on a wide range of investment-related issues.

Charting tools and a wide variety of other tools are provided by Bitpanda Pro to aid traders in conducting in-depth analysis and selecting the appropriate actions.

In the event that you want assistance, you may get in touch with customer care by filling out the contact form that is made available on the site with your inquiry. This will cause an email notification to be sent to you, and you should anticipate a response within the next three days. There is also the option of using the Telegram channel, where administrators are available to help you with any problems.

Their reputation for providing excellent service to customers, on the other hand, has not been all that stellar. Customers are dissatisfied with the lack of response time and the answers they receive to their questions.

The following is a step-by-step instruction that will walk you through the process of buying cryptocurrency on Bitpanda:
Step 1: Go to Bitpanda's official website and register for an account there.
Start by creating an account for yourself on the Bitpanda website, which is the official one.
Step 2: Confirm that You Are Who You Say You Are
For the purposes of KYC and AML verification, your data must be entered, and you must produce identification.
The third step is to make a deposit into your account in order to acquire the cryptocurrency of your choice.
Step 4: Choose a Cryptographic Partner
On the buy/sell panel, choose the cryptocurrency that you wish to purchase. Simply enter the amount here.
The fifth step is to make a payment.
Finish off the purchase, then move your cryptocurrency to a secure location for long-term storage.

How to Sell Cryptocurrency on Bitpanda: If you want to sell cryptocurrency, this is how you can do it using your desktop application or your mobile application:
First, when you have successfully logged in to your Bitpanda account, select the trade tab.
Step 2: Click sell.
Step 3: Decide which cryptocurrency you wish to sell and proceed with that decision.
Step Four: Select the Wallets Where Your Funds Will Be Transferred. This is the fourth and last step.
The fifth step is to enter the total quantity of crypto assets that you wish to sell.
Check the specifics of the transaction, then click the "sell now" button. Step 6.
Step 7: Check to see if the funds have been deposited into the fiat wallet that you choose.

BitPanda is one of the most well-known cryptocurrency exchanges in Europe, and it is highly recommended for those who are just getting started in the cryptocurrency industry. The website gives its users the ability to invest in a variety of commodities, such as equities and metals, but its primary concentration is on virtual currencies such as bitcoin and ether.

BitPanda is a cryptocurrency exchange that caters to those who are interested in the cryptocurrency market but do not wish to become fully immersed in the complexity of trading. In addition to this, it features an intuitive user interface that is not overly complicated and can be used with ease.

Over 2.5 million people are already using the exchange, and it continues to bring in new users on a daily basis. BitPanda began as an exchange that catered to beginners in the world of cryptocurrency trading; but, over the course of the past few years, it has seen significant change and has developed into an option that is suited for more seasoned investors as well.

BitPanda's Pro mode is available to more seasoned investors who want access to more sophisticated trading tools and features.

In October of 2014, in the city of Vienna, BitPanda was initially shown to the public under the name Coinimal. Eric Demuth and Paul Klanschek are responsible for establishing the platform with the intention of democratizing access to internet investment opportunities.

It was the intention of the organization to construct a system through which individuals would have an easy time purchasing financial goods, and they have been successful in accomplishing this objective. In the present day, it is possible to trade not just cryptocurrencies but also other assets such as crypto indexes, exchange-traded funds (ETFs), equities, and commodities.

BitPanda has a staff of top-tier experienced experts and extremely skilled developers, and the company now employs more than 400 people. The exchange's current mission is to raise its worldwide ranking and establish itself as the preeminent cryptocurrency trading platform in Europe.

What Kind of Services Does BitPanda Have to Offer? Not only does BitPanda provide you the opportunity to engage in cryptocurrency trading with other traders, but it also gives you the chance to buy and sell cryptocurrencies directly on the exchange itself. Those investors who wish to keep things straightforward and enjoy the flexibility to acquire or sell assets whenever they choose will find this to their liking.

However, in addition to charging a premium for this service, the exchange also sells assets at a price that is somewhat higher than the current market price. In most cases, the premium added to the price paid when selling or buying Bitcoin is 1.49 percent.

Kraken and Binance are two more examples of exchanges that let users make direct purchases of cryptocurrencies. However, the worldwide version of Binance is not available in the United States.

The exchange provides a service known as BitPanda Go, which enables users to acquire bitcoin by paying for it directly using fiat currency. Customers who live in Austria, where they are able to buy coupon coupons with real money at post offices and then exchange those codes for cryptocurrency, will find this service to be excellent.

Customers may exchange their cash for cryptocurrency at any of Austria's more than 400 post offices or 1,300 postal partners by going to any of these locations. At this time, the premium cost that is assessed while acquiring cryptocurrencies through BitPanda Go is 2.99 percent.

You are able to trade any cryptocurrencies that you hold on the platform for any other cryptocurrencies that are supported by the platform when you use the BitPanda Swap service. You won't need to put the cryptocurrency up for sale on the spot market because this enables quick trading of the coin. For instance, you have the ability to quickly trade your Ethereum (ETH) for Litecoin (LTC) or any other token of your choosing.

When compared to what you would pay if you traded it directly on the market, the premiums that are required through BitPanda Swap are far lower. The premiums are always being adjusted and updated in real time at regular intervals.

After you have completed the currency exchange, the sum will instantly be deposited into the wallet that you normally use.

Customers are able to instantly change their digital assets into FIAT money using the BitPanda Pay function, which eliminates the need for them to go through any time-consuming processes. You won't just be able to convert your cryptocurrency into fiat currency, but you'll also be able to use it to pay your bills and move money to other bank accounts.

Those who have cryptocurrencies but are not very knowledgeable with the cryptocurrency market may find it difficult to convert their holdings into fiat currency. BitPanda Pay makes it simpler for owners of digital assets to convert them into fiat currency or use them to pay for goods and services.

You are able to convert your cryptocurrency holdings into fiat currency and deposit it in your wallet denominated in euros. After that, you may use that wallet to send money to any bank account of your choosing.

BitPanda Savings makes it possible for you to construct a robust digital investment portfolio and gives you the freedom to invest without requiring you to be concerned about the current state of the market.

You don't have to create new purchase orders in order to acquire Bitcoin, Ethereum, or any of the other cryptocurrencies provided by BitPanda. You may buy them at predetermined intervals. The orders are automatically executed by the exchange, and your digital assets are purchased at varying times and prices depending on the market conditions.

The practice of purchasing a crypto asset in increments, often known as dollar-cost averaging (DCA), is widely regarded as a very effective investment technique.

The cryptocurrency exchange gives you the option of selecting any three cryptocurrencies you want to use for this assignment and then invests in those cryptocurrencies at the optimal moment to maximize your earnings.

The BitPanda exchange not only provides its customers with access to cryptocurrencies, but it also gives them the opportunity to invest in precious metals such as gold and silver. You are able to purchase digital metal assets that are backed by genuine metal through the use of BitPanda. Customers are able to broaden the scope of their investment portfolios beyond cryptocurrencies thanks to this feature.

On BitPanda, you may buy metals for as little as one euro each and then add them to your digital wallet after the transaction. Your real belongings are going to be kept in a vault in Switzerland that has a very high level of safety.

BitPanda Pro is an upgraded version of the BitPanda exchange that is tailored to the needs of users who wish to engage in frequent trading of digital assets. BitPanda is geared exclusively toward investors and buyers who are new to the cryptocurrency market, whereas BitPanda Pro is geared toward more seasoned traders who want access to advanced trading tools and the ability to carry out more complex deals.

Signing up for BitPanda Pro using this link will allow you to receive your bonus if you are already engaged in day trading or swing trading. If this describes you, click here to get started.

The following is a list of some of the most notable features offered by BitPanda Pro:
API that is up to date and is regulated by the European Union
User interface that is easy to use
Very safe and sound (Cold wallet solutions)
Options for a Variety of Funding Sources and Payouts
Traders are able to manage all of their assets from a single dashboard thanks to the fact that BitPanda Pro supports a wide variety of order types and provides access to charting tools.

It gives you access to a wide variety of trading pairs and enables you to do business using a variety of currencies and digital assets. BTC/EUR, ETH/EUR, and XRP/EUR are among of the most popular trading pairings. Other popular trading pairs include BTC/GBP, ETH/CHF, and LINK/TRY.

Additionally attractive to institutional investors, BitPanda Pro is currently providing services to a number of thriving European firms, including financial institutions and private companies. BitPanda Pro provides the following services to institutional investors:

Large Transactions Dedicated Business Account Manager Competitive Fee Structure Expert Support 247 Large Transactions Dedicated Business Account Manager
The Trading Interface for BitPanda Pro
The trading interface of BitPanda Pro is quite similar to that of some of the most popular cryptocurrency exchanges, such as Binance and Kraken, and it executes orders very rapidly. In addition to that, it is really simple to use and the performance is excellent throughout.

When you buy or sell cryptocurrency directly on BitPanda or BitPanda Pro, you will be subject to a fee equal to 1.49 percent of the transaction's value. Because this charge was already factored into the initial price of the cryptocurrency that was listed on the exchange, users will already be aware of the entire cost that they are responsible for paying to acquire that currency.

Trading fees on BitPanda can range anywhere from 0.065 percent to 0.150 percent, depending on the size of your account. These fees are subject to change at any time. The maker charge for Level 1 traders is 0.10%, while the taker fee is 0.15%. Both fees are deducted from the trader's profit. Similarly, the maker charge for Level 7 is 0.05 percent, while the taker cost is 0.065 percent. These fees are both deducted from the total transaction amount. The lower the charge, the higher the level of membership you have.

When compared to other cryptocurrency exchanges on the market, BitPanda is notable for the fact that it does not complicate the process of making deposits or withdrawals, which is often considered to be one of its strongest selling points. There aren't many cryptocurrency exchanges available, but BitPanda is one of the few that supports a wide variety of payment options. Even well-known platforms like Binance and Coinbase are falling behind the competition in terms of the payment methods they support.

The following payment methods are accepted for use for making deposits and withdrawals of FIAT currency on BitPanda:

Visa
Sofort Mastercard is accepted.
Skrill EPS Giropay SEPA Transfer
Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and ChainLink are some of the cryptocurrencies and blockchains that are compatible with BitPanda's direct cryptocurrency withdrawal functionality (LINK).


The costs associated with deposits and withdrawals on BitPanda are quite variable and are determined on the currency and payment method that you choose.

The costs associated with making deposits and withdrawals using the Euro wallet range from 0.25 euros to 3.60 percent of the entire amount. Additionally, it has a daily withdrawal limit of €100 for individuals who have been confirmed. Check out the exchangers on our list that have the lowest fees.

On the other hand, if you choose to conduct business in US dollars, you will be required to pay a charge ranging from 1.5% to 3.6% of the amount withdrawn, depending on the mode of withdrawal that you choose. Skrill, Mastercard, and Visa are the types of payment systems that may be used to make deposits and withdrawals in US dollars.

The vast majority of countries throughout the world are able to use the cryptocurrency platform known as BitPanda. Users located outside of Europe have access to it as well; however, not all of its features are made available to users in other countries.

Direct purchases of bitcoin using fiat money are only permitted on the platform for users who are located inside the SEPA (Single Euro Payments Area) and are citizens of the EU. Users who are located outside of Europe can still keep cryptocurrencies in their wallets and utilize alternative payment methods such as Neteller, provided that these options are available in their respective nations.

If you live in the United States and want to purchase or trade cryptocurrencies using BitPanda Pro, you will be disappointed to learn that you will not be allowed to use the platform. The BitPanda Pro exchange has made itself available in a variety of nations all over the world; however, it is not yet available in the United States of America and China owing to regulatory concerns. Check out our rundown of the top cryptocurrency exchanges in the United States.

Kraken makes it simple to buy, sell, and trade cryptocurrencies within the United States. If you are interested in either of these activities, you should check them out. You may also read our comprehensive assessment of the Kraken exchange by hovering your mouse over the language that has been highlighted.

BitPanda is widely regarded as one of the most trustworthy cryptocurrency exchanges available today, having gained the patronage of a large number of consumers throughout the course of its history. It has an outstanding reputation in general, and owing to its credibility and regulation rules, it is regarded as being one of the crypto exchanges that provides the highest level of safety.

In addition, the exchange has never been the victim of a hacking attempt in the past and makes use of sophisticated security mechanisms to secure the assets of its clients as well as their privacy.

BitPanda Pros: 2.5 million consumers
Provides support for a total of five FIAT currencies
Multiple options for deposits and withdrawals are available.
Provides access to more digital assets such as stocks and metals

The fees on BitPanda are rather expensive, which is a con.
Costs associated with utilizing other modes of payment
No staking

Is Margin Trading Available on the BitPanda Exchange? BitPanda is not the best site to use if you want to trade cryptocurrencies using margin. If this is something you are interested in doing, search elsewhere. The sole trading function that the BitPanda exchange provides is spot trading, which enables consumers to purchase and sell cryptocurrencies while making the process quite straightforward.

Signing up for Binance futures, ByBit, Phemex, or PrimeXBT will let you to engage in leveraged trading, if it is something you are interested in doing. You may also utilize PrimeXBT Covesting to replicate the investments made by industry professionals.

People who are new to the cryptocurrency field and want to diversify their investing portfolio without digging into any complexity may consider using BitPanda as their exchange of choice. BitPanda is suitable for these individuals. Because of its stellar track record, the exchange, which has its headquarters in Austria, is regarded as having an exceptionally high level of safety.

As a result of the fact that BitPanda Pro grants access to a variety of trading tools that are excellent for spot trading, it is also a respectable choice for traders who have previous expertise.

BitPanda is a cryptocurrency platform that leans toward the pricier end of the spectrum, but the functionality and convenience it provides may very well make up for the additional cost.

Sites like Bitpanda in the UAE

Here is a list of quality Forex, CFD, Stock and Crypto Brokers for new and professional traders living in the UAE:

 

 

Reviewed by Arpita Singh

Arpita SinghArpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.