Updated: May 27
Bitpanda describes itself as "Europe's leading trading platform for crypto currencies" and "Europe's fastest and cheapest Bitcoin trader". The figures speak for themselves: the exchange employs 60 people from 21 nations and serves more than 850,000 users. Bitpanda is a fully automated platform. Here, coins are automatically sent to buyers as soon as the corresponding payments are confirmed. Bitpanda's main focus is on speed and ease of use. The number of traded crypto currencies did not grow again until June 2018: Meanwhile, trading is now possible with Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin(LTC), Dash (DASH), Bitcoin Cash (BCH), Eos (EOS), Komodo (KMD), Iota (MIOTA), OmiseGO (OMG), Augur (REP), Stellar (XLM), 0x (ZRX), NEM (XEM), ZCash (ZEC), Tezos (XTZ) and Pantos (the multi-blockchain token system from Austria). Some of these we consider in our overview of the most important crypto currencies. On the fiat money side, there are Euro, US Dollar, Swiss Franc and British Pound available. Registration and verification on Bitpanda: Professional, meets the standards As with all reputable exchanges, the registration process for users consists of several verification components: E-mail address, mobile phone number, personal data. In addition, there is a video identification procedure (performed by IdentityTM and IDNow). A smartphone or webcam and photo ID are required for this. The first deposit (minimum 25 €, maximum 2,500 €) must be made with SEPA, IMMEDIATELY or GIROPAY/EPS and completes verification as soon as it is received by Bitpanda. Our warning: banks may take 2 to 3 days for this, and weekends and public holidays still apply there. This can delay the process. Once the verification is completed, other limits apply. Online payments: Deposits $10,000 per day, withdrawals $100,000 per day. Bank transfers (SEPA): Deposits and withdrawals 500,000 €/day. Credit card deposits (Visa, Mastercard) remain at a maximum of 2.500 €/day. Here is a look at the Euro limits: Bitpanda Euro Limits However, prior to full verification, unlimited trading and the sale of crypto currencies is already possible via Skrill and NETELLER. Read how the user experience actually feels for customers in our detailed report Bitpanda: Experiences and Evaluation. Can Bitpanda be used from anywhere? In principle, anyone can open an account and use their Bitpanda Wallet for free. There are no restrictions on storage and crypto transactions from anywhere in the world. And transactions within Bitpanda are free. The sale of crypto currencies with payout via NETELLER and Skrill is also globally possible. Purchase is geographically limited: Bitpanda offers it within the Single Euro Payments Area (SEPA), the majority of EU member states plus Iceland, Liechtenstein, Norway, Switzerland and Monaco. Bitpanda review: How reputable and secure is the stock market? Bitpanda is still based in Austria and has the legal form of a limited liability company. The legal certainty within the EU and the fact that Bitpanda has never changed its headquarters actually speak volumes. This is one of the reasons why we consider Bitpanda to be one of the safest and most serious exchanges on the market. It goes without saying that Bitpanda, like most exchanges, stores the majority of its coin holdings offline, i.e. "cold". Users are advised to use two-factor authentication, which is now standard. When it comes to security, Bitpanda scores good!
buying and selling, deposits and withdrawals in detail Users are offered a Fiat Wallet free of charge, through which money can be transferred to their Bitpanda account at any time. You can then buy crypto currencies. But the opposite way, the sale of coins in cash, is also possible via this wallet. Verification again plays a role in the deposit and withdrawal options. Example Euro: Verified users can deposit with SEPA, EPS, giropay, SOFORT, NETELLER, Skrill, VISA and Mastercard. The only way for non-verified users to make a deposit is with "Bitpanda to go": This is a prepaid option, which allows you to purchase cash codes at Austrian post offices and partners using cash. These codes will then only be added to the wallet via e-mail address. The codes are available for € 50, € 100 and € 500. Once the credit balance is in the wallet, coins can be purchased. SEPA, Amazon.de vouchers, Skrill and NETELLER are available for both non-verified and verified users to pay out in euros. For transparency reasons, non-verified users are not permitted to deposit US dollars, Swiss francs or British pounds sterling on Bitpanda. More information can be found in the Bitpanda article Money deposits/withdrawals and fees. Fees: Bitpanda goes the all-inclusive way A special feature of Bitpanda: the fees for buying and selling crypto currencies are included in the prices offered in real time. Although this does not necessarily make the price situation more transparent at first glance, it saves you from unpleasant surprises. Bitpanda openly communicates its claim to keep the fees as low as possible. At the time of our Bitpanda review, this manifests itself in only 1.49% for the purchase and 1.29% for the sale of Bitcoin. Click here for more detailed information on Bitpanda fees, costs and prices. Video: Step by step with the Crypto Monitor Guide Here we take you on a guided tour of the Bitpanda crypto exchange: bitpanda global exchangeThe Bitpanda Global Exchange Bitpanda launched its Global Exchange on August 7, 2019. It is the trading platform and digital asset exchange for experienced traders, professionals and institutions. Users do not need a separate login for GE, but can easily switch to the area with professional features (such as fully automated clearing) with a click of the mouse. A very competitive fee model applies in the Global Exchange area - with discounts for users who pay with BEST, the token of the Bitpanda ecosystem. bitpanda global exchange fees Currently the following trading pairs are offered here - with BTC: ETH/BTC, XRP/BTC, MIOTA/BTC, PAN/BTC, BEST/BTC; with Fiat: BTC/EUR, ETH/EUR, XRP/EUR, MIOTA/EUR, BEST/EUR, PAN/EUR; Stablecoin: BTC/USDT, BEST/USDT. Our conclusion: Bitpanda stands for reliability and innovation from Austria There are many reasons to recommend Bitpanda and why this European crypto marketplace is booming: for example, its location in Austria and the transparency of all business practices. But also the fast (and German-speaking) support! Bitpanda's experience is almost always rated positively in relevant studies. This also matches the impressions we were able to gather for this Bitpanda review. And should you wish to trade over €1 million, Bitpanda also offers an exclusive service for these VIP users. What more do you want?
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