Bitpanda Exchange Review

Bitpanda Bitpanda, a reliable exchange stationed in the EU, facilitates buying, selling, and trading of cryptocurrencies with both fiat and digital currencies. Initially launched in 2014 as Coinimal GmbH, it later rebranded to Bitpanda. Currently headquartered in Vienna, Austria, it holds the title of the EU's leading cryptocurrency broker, specializing in major cryptocurrencies such as BTC, LTC, and ETH.

Though Bitpanda aligns with no official regulation, it boasts a strong reputation, having earned the confidence of nearly a million global users.

This Bitpanda review underscores essential features of the platform, aiming to provide a well-rounded and thorough perspective. While Cryptimi strives for accuracy and relevance, we encourage readers to visit their site as updates might surface post-publication.

Is Bitpanda Exchange Safe?

To enhance the security of users' digital holdings, Bitpanda employs offline cold storage devices, isolating them from the Internet. The platform also supports two-factor authentication (2FA) to guard accounts against unauthorized access. Furthermore, if adjustments to one's email, phone number, or 2FA settings are needed, Bitpanda's team may personally verify such changes over a call. Additional security protocols include DDOS protection and SSL encryption.

Bitpanda Exchange

As a brokerage service, Bitpanda directly delivers coins to users, eliminating the necessity of trading with others for cryptocurrency exchanges. Over the years, the platform has vastly expanded, now offering a range of services like:

• Bitpanda To Go – Exclusively for Austrian residents, this service permits users to buy cryptocurrency using cash . All residents need to do is visit local post offices, purchase coupon codes, and use them during online transactions.
• Bitpanda Savings – Enables users to establish a cryptocurrency savings account, allowing monthly deposits that convert into Bitcoin or Altcoins.
• Bitpanda Metals – Provides users with the option to exchange digital assets for gold and silver, thereby diversifying investment portfolios with insured precious metals.
• Bitpanda Swap – Offers the ability to instantly exchange one cryptocurrency for another with no restrictions.
• Bitpanda Plus – A specialized platform for high net-worth clients, offering them premier terms and benefits.

How does Bitpanda stack up against other exchanges?

• Bitpanda
• eToro

• Type
• Centralized Exchange (CEX)

• Rating
• 4/5

• Best For
• Newcomers, Advanced Beginners, Experts, Long Term Investors, Short Term Trading, Day Trading

• Instruments
• Cryptocurrencies

• Min Deposit
• For cryptocurrency transactions, deposits, and withdrawals start at €25 or $25, with Bitcoin requiring a minimum of 0.001 BTC.

• Fees
• Varies, BTC buy @ 1.49%, sell @ 1.29%

• Deposit Methods
• Credit Card, Debit Card, Bank Transfer, Cryptocurrency

Visit Bitpanda

Bitpanda Review

(Comparing 1 of 10)

• Type
• Centralized Exchange (CEX)

• Rating
• 5/5

• Best For
• Newcomers, Advanced Beginners, Long Term Investors, Short Term Trading

• Instruments
Only available in the US

• Min Deposit
• Varies $50 for some countries

• Fees
• Varies, 0.75% Spread for BTC & 1.9% Spread for ETH

• Deposit Methods
• Credit Card, Debit Card, Bank Transfer, Cryptocurrency, Paypal

This advertisement introduces cryptocurrency in the EU (through eToro Europe Ltd. and eToro UK Ltd.) & USA (via eToro USA LLC); note that it's highly volatile and unregulated in parts of the EU and UK, lacking EU consumer protection. Investments carry risks, including potential capital loss.

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• Type
• CFD Trading Platform (CFD)

• Rating
• 4.5/5

• Best For
• Advanced Beginners, Experts, Long Term Investors, Short Term Trading

• Instruments
• Crypto, Indices, Forex, Commodities, Shares, Options, ETFs

• Min Deposit
• Varies €100/$100/£100 for credit card transactions & €/$/£500 for bank wire transfers.

• Fees
• Varies, A spread fee of 0.6% applies on BTCEUR market

• Deposit Methods
• Credit Card, Debit Card, Bank Transfer

Your capital is at risk

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• Type
• CFD Trading Platform (CFD)

• Rating
• 4.5/5

• Best For
• Newcomers, Advanced Beginners, Long Term Investors, Short Term Trading

• Instruments
• Indices, Forex, Commodities, Shares

• Min Deposit
• Varies 29 EUR/GBP/USD as a one-time fee, followed by 100 EUR/GBP/USD for further deposits.

• Fees
• Free, Varies, Fees may include floating spreads, swap charges, and conversion costs.

• Deposit Methods
• Credit Card, Debit Card, Bank Transfer

Your capital is at risk

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• Type
• Centralized Exchange (CEX)

• Rating
• 4.5/5

• Best For
• Newcomers, Advanced Beginners, Experts, Long Term Investors, Short Term Trading, Day Trading

• Instruments
• Cryptocurrencies

• Min Deposit
• None

• Fees
• Starting from Maker @ 0.16% & Taker @ 0.25%

• Deposit Methods
• Credit Card, Debit Card, Bank Transfer, Cryptocurrency

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• Type
• CFD Trading Platform (CFD)

• Rating
• 4.5/5

• Best For
• Newcomers, Advanced Beginners, Experts, Long Term Investors, Short Term Trading

• Instruments
• Crypto, Indices, Forex, Commodities, Shares, ETFs

• Min Deposit
• €215

• Fees
• Spreads starting at 0.03

• Deposit Methods
• Credit Card, Debit Card, Bank Transfer

81% of retail CFD accounts lose money

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• Type
• CFD Trading Platform (CFD)

• Rating
• 5/5

• Best For
• Advanced Beginners, Experts, Long Term Investors, Short Term Trading

• Instruments
• Crypto, Indices, Forex, Commodities, Shares, Options, ETFs

• Min Deposit
• €100 for credit card deposits.

• Fees
• Varies, A spread fee from 0.56% up to 3.28% applies

• Deposit Methods
• Credit Card, Debit Card, Bank Transfer, Paypal

72% of retail CFD accounts lose money

Visit Plus500

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• Type
• CFD Trading Platform (CFD)

• Rating
• 4.5/5

• Best For
• Newcomers, Advanced Beginners, Experts, Long Term Investors, Short Term Trading

• Instruments
• Crypto, Indices, Forex, Commodities, Shares

• Min Deposit
• Costs can range from $250 to $300 based on account type.

• Fees
• Main fees are spreads, as low as 0.03 pips

• Deposit Methods
• Credit Card, Debit Card, Bank Transfer

Your capital is at risk

Visit HFTrading

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• Type
• CFD Trading Platform (CFD)

• Rating
• 4.5/5

• Best For
• Newcomers, Advanced Beginners, Experts, Long Term Investors, Short Term Trading

• Instruments
• Crypto, Indices, Forex, Commodities, Shares, ETFs

• Min Deposit
• 250 EUR/USD/GBP

• Fees
• Varies, No overnight or maintenance fees

• Deposit Methods
• Credit Card, Debit Card, Bank Transfer, Paypal

Your capital is at risk

Visit XTB

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(Comparing 9 of 10)

• Type
• Centralized Exchange (CEX)

• Rating
• 4.5/5

• Best For
• Newcomers, Advanced Beginners, Long Term Investors, Short Term Trading

• Instruments
• Cryptocurrencies

• Min Deposit
• $60 or €53

• Fees
• Trading costs 5.9%, with an additional 5% for credit/debit card purchases.

• Deposit Methods
• Credit Card, Debit Card, Bank Transfer

Visit Coinmama

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(Comparing 10 of 10)

• Type
• Centralized Exchange (CEX)

• Rating
• 4.5/5

• Best For
• Advanced Beginners, Experts, Long Term Investors, Short Term Trading, Day Trading

• Instruments
• Cryptocurrencies

• Min Deposit
• None

• Fees
• Maker @ 0.1% & Taker @ 0.1%

• Deposit Methods
• Credit Card, Debit Card, Cryptocurrency

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Bitpanda Wallet

Bitpanda provides its members with an integrated, multi-currency wallet for the secure storage of digital assets. Though it has yet to encounter any hacking incidents, using hardware wallets like Trezor or Ledger is advised for storing an extensive range of cryptocurrencies. For a limited amount of cryptocurrencies, the integrated web wallet is adequate.

Consider trying these crypto wallets in tandem with Bitpanda’s offerings:

The Ledger Nano X, the latest in Ledger's line of hardware wallets, features Bluetooth capabilities for mobility with the Ledger Nano S.

Visit Ledger Nano X

Ledger Nano X Review

Launched in 2015, the KeepKey Wallet stands as one of the oldest and most secure hardware wallets. Operated today by ShapeShift Exchange, it is ranked as the third top wallet brand globally.

Visit KeepKey

KeepKey Review

For those seeking one of the most secure hardware wallets, capable of vast cryptocurrency support and enhanced functionality, Trezor is a solid choice.

Visit Trezor

Trezor Review

Bitpanda Exchange Account

Individuals can register an account on Bitpanda by presenting personal details such as name and email. Without verification, accounts can only transfer or receive cryptocurrencies. Buying, trading, or selling cryptocurrencies necessitates

How to Sign Up

The sample images are solely for illustrative purposes. Actual products may differ.

• Visit their site Adhere to the following guidelines to create an account:
• and click 'Get Started' at the top right
• Input your given name, family name, email, and a robust password.
• Next, choose your country of residence from the provided list.
• First, review and then agree to the Terms & Conditions and Privacy Policy.

Select the ‘Create account’ button.

How to Log in

To log in , follow the below steps:

1. Visit their site and click the ‘Log in’ button.
2. You will shortly receive a confirmation email from Bitpanda. Activate your account by following the link within that email.

Enter your email and password to log in.

Enabling 2FA Protection

You'll then be navigated to your dashboard. To safeguard your account from unauthorized access, enable two-factor authentication. You can activate 2FA

1. protection via Google Authenticator, Authy, or other applications. Follow the steps below for enabling 2FA:
2. Click 'Enable Two Factor Authentication (2FA)' on the right.
3. Select 'Set up,' enter your password, and press 'Continue.'

   

4. Click ‘Continue’.
5. Record the recovery code shown on your screen, needed for connecting new devices to your Bitpanda account.
6. Scan the QR code visible on your screen using the authenticator app on your phone.

Your account is now protected Retrieve the 6-digit code from the app and input it in the designated box.

Verification Requirements

Once you've enabled 2FA, logging in or processing transactions will require the authentication code.

To verify identity, upload identification documents. This will enable the buying, selling, or trading of cryptocurrencies on Bitpanda. Requirements vary depending on

• your residence, as depicted in graphics later in this Bitpanda review. After preparation, choose between IdentityTM or IDNow for video-based identification.
• Before beginning, ensure the following are available:
• A Photo ID

A strong, stable internet connection.

A working webcam or a cellphone camera.

How to Deposit Funds

Once successfully complete, make a verification deposit ranging from €25 to €2,500 via SEPA, SOFORT, GIROPAY, or EPS. Limits

Depositing Fiat Currency

will then increase contingent on your chosen payment method.

1. Log into your Bitpanda account and click on the ‘Deposit’ button.
2. Select the ‘Fiat Wallets’ tab.
3. Aside from full verification, Bitpanda offers a light verification option for users from a limited number of countries. This procedure replaces video calls with a straightforward document upload, but comes with
4. significantly reduced user limits.
5. Bitpanda allows deposits in four fiat currencies (EUR, USD, GBP & CHF) and more than 20 cryptocurrencies.

The following is an example of depositing EUR on Bitpanda. Ensure your account verification is complete before proceeding.

Depositing Coins

Choose the fiat wallet (e.g., EUR) you'd like to deposit into, along with your payment provider.

1. Log in to your Bitpanda account and click on the ‘Deposit’ button.
2. Select the ‘Crypto Wallets’ tab.
3. Input your deposit amount and click 'Go to Summary.'
4. Select the ‘Make deposit’ button. The system will redirect you to your payment provider’s website. Follow on-screen prompts to finalize the transfer. Depending on your payment provider, an SMS or phone call authentication code may be required to authorize the transaction.

Once processed by the payment provider, the funds will be credited to your Bitpanda wallet.

Depositing cryptocurrency is straightforward, requiring no account verification. Here's how to deposit BTC on Bitpanda.

Choose the targeted cryptocurrency wallet (e.g., BTC) intended for deposit. fiat currencies The wallet address and QR code for the cryptocurrency will appear on your screen, which you can copy or scan to share with the sender.

How to Buy Bitcoin (BTC)

Ensure your deposit surpasses the minimum threshold and that the correct wallet is selected. For instance, don't deposit ETH to a BTC wallet.

1. Log into your Bitpanda account and click on ‘Trade’.
2. How to Purchase Digital Currency Using Bitpanda
3. Users can purchase digital currencies on Bitpanda using a variety of payment methods.
4. Bitpanda Exchange Analysis: 2021 Edition - Cryptimi

Curious about an easy, secure trading experience? Dive into our detailed Bitpanda exchange platform review to uncover why signing up now might just be your best move.

How to Buy Ethereum (ETH)

This advertisement supports cryptocurrency dealings within the EU courtesy of eToro Europe Ltd. and eToro UK Ltd., as well as the USA via eToro USA LLC. Note that cryptocurrency can be highly volatile, lacks regulation in some EU countries and the UK, and does not offer EU consumer protection. Investments carry market risks, including potential loss of funds.

1. Log into your Bitpanda account and select ‘Wallets’.
2. Section 2: Delving into the Cryptocurrency Marketplace
3. Section 6: Mastering Cryptocurrency Investments
4. Click ‘Swap now’.

What are the Top-Ranking Trading Platforms?

How to Buy Ethereum Classic (ETC)

For how to buy Ethereum Classic Minimum deposits of €25 or $25, with variations for cryptocurrencies (0.001 BTC for Bitcoin).

How to Buy Litecoin (LTC)

Bank transfers are complimentary; card deposits are subject to a 1.5% fee for EUR/USD/GBP. buy Litecoin These limits hinge on verification status, currency, and payment method. Verified accounts permit daily deposits of up to €10,000 and withdrawals up to €100,000.

How to Buy Bitcoin Cash (BCH)

Based in the EU, this reputable exchange facilitates transactions in various cryptocurrencies via fiat or digital currencies. Initially founded in 2014 under Coinimal GmbH, the service evolved into Bitpanda, establishing itself as a preeminent cryptocurrency brokerage in Europe for trading leading digital currencies such as BTC, LTC, and ETH.

How to Cash Out on Bitpanda

Despite not adhering to specific regulatory standards, Bitpanda has established a strong reputation, trusted by nearly one million users worldwide.

1. Log in to your Bitpanda account and click ‘Trade’.
2. Our Bitpanda assessment will delve deeply into the platform's primary features, offering you a thorough understanding. Though Cryptimi strives for accuracy in its insights, we suggest vigilance for any changes post-publication.
3. To bolster user asset security, Bitpanda employs offline cold storage for digital assets, ensuring they're disconnected from the web. Additionally, two-factor authentication (2FA) is available for enhanced account safety. Should you wish to update your contact details or 2FA, the Bitpanda team may personally verify through a phone call. Additional safeguards include DDOS protection and SSL encryption.
4. Functioning as a brokerage, Bitpanda directly provides coins to users, eliminating the need for peer interactions in trades. Over time, it has expanded, presenting a range of services such as:
5. \"Bitpanda To Go\" – Exclusively for Austrians, allowing them to acquire codes from local postal outlets, redeemable online during transactions.
6. Click ‘Withdraw’.
7. \"Bitpanda Savings\" – Offers a way to systematically invest in cryptocurrency savings, where users allocate a set amount monthly which is converted to Bitcoin or other altcoins.

   

\"Bitpanda Metals\" – Facilitates the exchange of digital assets for gold and silver, enabling portfolio diversification with insured gold and silver.

\"Bitpanda Swap\" – Provides the capability to instantly exchange one cryptocurrency for another without limitations.

\"Bitpanda Plus\" – A platform tailored for affluent investors, granting them superior benefits and terms.

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How does Bitpanda measure up against other crypto exchanges?

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Card transactions require a minimum of €100/$100/£100, whereas bank transfers necessitate €/$/£500.

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Supported Cryptocurrencies

Initial fee of 29 EUR/GBP/USD, increasing to 100 EUR/GBP/USD for continued deposits.

Incurred costs include a floating spread, swap fee, and conversion fee.

Supported Countries

Varies between $250 to $300, depending on account specifications.

Supported

Trading incurs a 5.9% fee, with an additional 5% for card purchases.

Excluded

Bitpanda provides a secure, all-inclusive multi-currency wallet for users to store digital assets safely. While it has remained impervious to breaches, it's wise to utilize hardware wallets for substantial crypto holdings.