Last Updated on June 25, 2022 by Thebloggergeeks
BitPanda Review 2022: BitPanda is a cryptocurrency exchange that lets users buy and sell cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more. It is based in Austria and has been operational since 2015. Today, it serves customers from all over the world.
BitPanda keeps things simple with just one trading platform available to its users. And, of course, the exchange has various benefits to offer as well.
We’ll cover everything you need to know about BitPanda in this BitPanda review, so that you can make an informed decision on whether it’s right for your needs or not.
Table of Contents
What is BitPanda?
BitPanda is a reliable, user-friendly cryptocurrency exchange that lets you buy and sell Bitcoin, Ethereum, Litecoin, and other altcoins. Its base is in Vienna, Austria, but it currently operates in over 50+ countries.
The exchange is known for its low rates and excellent customer service, making it a great choice for beginners. BitPanda supports various payment methods and has a simple sign-up process that lets anyone easily create an account. Users can deposit funds from bank accounts and debit cards into their accounts and easily trade fiat currency for cryptocurrencies. The exchange also offers discounts for depositing funds over various periods of time.
How to sign up on Bitpanda
Creating an account on Bitpanda is fairly straightforward and can be done in a few simple steps.
- Click on the below button to Sign Up.
- Then click on the “Get Started” button to create an account with your email address and password.
- Bitpanda will then send you a verification email. You’ll need to click on the link in the email to verify your account.
- You’ll then have to link your bank account to complete your account setup. You can also use your credit card to fund your account. Once everything is set up and ready to go, you are ready to trade.
Also Read – Crypto.com Review
Features of BitPanda
- Buy or sell cryptocurrencies.
- Invest in and trade Bitpanda stocks or ETFs.
- Create your persona savings plan.
- Bitpanda Crypto Index
- Multiple deposit & withdrawal options
How Does BitPanda Work?
BitPanda is straightforward and easy to use. All you have to do is create an account and link your bank account. Once you’ve enabled two-factor authentication (2FA) and set up your account, you can start buying and selling cryptocurrencies. You can also purchase a broad range of products with cryptocurrency, including gift cards, stocks, and ETFs.
How to buy crypto on Bitpanda
BitPanda lets you buy and trade a number of cryptocurrencies like Bitcoin, Ethereum, and Litecoin. You can also purchase gift cards and stocks with cryptocurrencies. Once you’ve logged in to your account, you can fund your account with fiat currency (like US dollars or euros). You can then trade these funds for the cryptocurrencies you want to purchase.
BitPanda also lets you purchase bitcoin with a credit card. However, if you wish to trade for other altcoins, you’ll have first to swap your bitcoin for an altcoin like Ethereum. You can then trade any number of cryptocurrencies on BitPanda in the same way you would on any other exchange.
Pros of using BitPanda
Low fees: BitPanda has some of the lowest fees available on the market. Its trading fees start at just 0.2% and go down to 0.1% with a minimum of €10,000 in trading volume. In comparison, competitors like Binance charge up to 20% trading fees. –
Trusted brand: As per the expert BitPanda review, Bitpanda is a well-known and trusted brand in cryptocurrency. It’s been operational since 2014 and has consistently ranked as one of the top exchanges. You can also claim bonus offers from the exchange, which makes it even more appealing.
24/7 customer support: BitPanda’s support team is always available to help. You can contact it via chat or email to get any assistance you need.
Quick processing time: You can expect quick and easy transaction processing on BitPanda. The exchange doesn’t require you to add personal information, upload a photo, or share your driver’s license or other sensitive information before starting trading.
Secure: BitPanda is a secure exchange. It uses industry-standard 256-bit encryption to keep your funds safe and secure. You can also sleep well knowing that your cryptocurrency is stored securely in an offline wallet.
Wide range of trading options: BitPanda lets you trade a variety of cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more. The exchange enables you to choose between trading on margin or paying the market rate when you buy and sell cryptocurrencies.
Easy to use interface: BitPanda makes it easy to navigate its trading platform. Its interface is optimized for mobile devices and even supports voice trading.
Multiple payment options: You can fund your account with a range of payment options like credit cards, bank transfers, and direct bank deposits. You can also use any cryptocurrency that is traded on the exchange.
Support for multiple languages: BitPanda supports multiple languages, so you can easily trade-in German, Spanish, French, Dutch, and more.
Also Read – Benzinga Pro Review
Cons of using BitPanda
Limited customer support: BitPanda lets you reach its support team via chat or email. However, it doesn’t provide phone support. You’ll have to rely on these methods to get help with any account issues or questions.
Not offered services in the US: Bitpanda is an Austrian crypto exchange that caters exclusively to customers from certain European nations, including the UK, France, Germany, Spain, and Switzerland. Residents of the United Arab Emirates can also apply. This platform is not open to U.S. customers.
Crypto deposit fees: Knowing that the majority of platforms don’t charge a fee for cryptocurrency deposits relieves the burden of having to pay a fee for withdrawals on the other side. Considering that Bitpanda waives them for some crypto deposits.
We hope that this BinPanda review, help you to know that BitPanda is a reliable and trusted exchange that offers a great range of trading options, including buying and selling cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
It also lets you fund your account using a variety of payment methods and lets you use any cryptocurrency that’s traded on the exchange.