Bitpanda is a cryptocurrency specialist exchange providing world-class Fintech services to its clients worldwide. Founded in 2014, the Austrian-based exchange focuses on the innovation of blockchain technology. With over 190 team members, the company extends its cutting-edge services to more than 1.2 million users around the world. Introducing the PSD2 payment services powered by state-of-the-art security protocols, Bitpanda ensures a streamlined user experience. Simplifying the use of digital assets, Bitpanda is one of the most popular brokerage firms to buy cryptocurrencies and other precious metals in Europe.
In this guide, we review Bitpanda in detail. We will walk you through Bitpanda’s supported cryptocurrencies. You’ll also learn how to open an account with the exchange, Bitpanda fees, the verification process, and online reviews from other traders. We’ll also dive into its customer support.
Bitpanda Main Features | |
---|---|
🪙 Number of Coins | 50+ |
🔧 Margin Trading | No |
🔧 CFD Trading | Yes |
💰 Minimum Deposit | 1 $£€ |
💰 Zero Deposit Fees | No |
💰 Zero Withdrawal Fees | No |
Let us walk you through some quick points mentioning the pros and cons of the Bitpanda exchange. We explain all advantages and disadvantages individually in detail so you could understand them better.
Instant Transactions – Unlike other exchanges that are very slow in order placement, Bitpanda is very fast in the execution of trades. The exchange takes a maximum of 30 minutes to process your orders, excluding the SEPA transfers that could take a day to complete.
Asset Protection (Digital Wallet) – Bitpanda offers complete security to your digital assets through its cold storage option. You can access free digital wallets supported for both Android and iOS-based devices through PlayStore and AppStore, respectively.
High Liquidity – With an average trading volume of more than 1 Million US Dollars, Bitpanda offers high liquidity. On top of that, the newly introduced Bitpanda Ecosystem token (BEST) is likely to increase the liquidity ratios even more.
Multiple Payment Options – Offering a wide range of deposit and withdrawal methods, Bitpanda makes the payment process quite flexible. You can choose your preferred payment method from the list of available options to deposit or withdraw funds.
User-Friendly Interface – A simple yet allegiant design makes you navigate through the platform comfortably at Bitpanda. The company offers easy to use intuitive interface for both online as well as mobile-based trading platforms.
Buying Limitations – Unfortunately, Non-EU clients cannot purchase digital assets at Bitpanda. Buying services are limited to the Eurozone region only. However, customers residing outside Europe can still use Bitpanda to send or receive cryptos.
Unavailability of HD or Multi Signatures Security Parameters – Bitpanda offers the most advanced security protocols. The exchange, however, lacks access to HD (Hierarchical Deterministic) and Multi-Signatures security measures. Unavailability of the security parameters might be a point of concern to some users.
Lack of Transparency in Fee Schedules – As far as the fee is concerned, the exchange company has more or less a similar pricing structure as compared to its competitors. However, unlike other exchanges like (the Coinbase crypto trading platform, Coinmama, Kraken), etc. Bitpanda does not talk about its fee criteria openly.
Verification Limits – Verification Limits – Bitpanda has specific limits for deposits and withdrawals depending upon the status of your verification and selected payment method. You might find a recurring verification requirement a little inconvenient.
No Live Customer Support – In case you wish to contact the company, you need to contact via email or telegram. Bitpanda does not offer customer support via web chat or phone.
Bitpanda is not a regulated exchange. However, like several other exchanges, Bitpanda is likely to become a regulated one soon. Despite its non-regulated status, the website never falls prone to hackers. However, Bitpanda follows the guidelines of AML5 to ensure safety concerns.
Founded by Paul Klanschek, Christian Trummer, and Eric Demuth, Bitpanda is operated with its headquarters located in Vienna, Austria.
Bitpanda offers its services to more than 40 countries around the world. Listed below are the countries that Bitpanda supports based on their verification viability. Please note that even if your country of residence falls within the European zone, Bitpanda may still disallow taking you onboard citing insufficient verification documents.
Given below are the countries supported by the exchange;
Bitpanda Supported Countires | ||
Albania | Austria | Belgium |
Cyprus | Czech Republic | Denmark |
France | Germany | Greece |
Ireland | Italy | Latvia |
Luxembourg | Malta | Netherlands |
Portugal | Romania | Serbia |
Bitpanda Supported Countries | ||
Bulgaria | Croatia | Spain |
Estonia | Finland | Sweden |
Hungary | Iceland | Switzerland |
Liechtenstein | Lithuania | Turkey |
Norway | Poland | Ukraine |
Slovakia | Slovenia | United Kingdom |
United Arab Emirates |
Bitpanda supports a wide range of cryptocurrencies. Listed below is a list of cryptos that you can buy or sell at Bitpanda.
Cryptocurrency | Short Code | Buying/Selling | Transactions |
Bitcoin | BTC | Yes | ✓ |
Litecoin | LTC | Yes | ✓ |
Ethereum | ETH | Yes | ✓ |
Dash | DASH | Yes | ✓ |
Ripple (XRP) | XRP | Yes | ✓ |
Bitcoin Cash | BCH | Yes | ✓ |
Komodo | KMD | Yes | ✓ |
IOTA | MIOTA | Yes | ✓ |
EOS | EOS | Yes | ✓ |
Pantos | PAN | Yes | ✓ |
OMG Network | OMG | Yes | ✓ |
Augur | REP | Yes | ✓ |
Stellar | XLM | Yes | ✓ |
0x | ZRX | Yes | ✓ |
NEM | XEM | Yes | ✓ |
Zcash | ZEC | Yes | ✓ |
Tezos | XTZ | Yes | ✓ |
Cardano | ADA | Yes | ✓ |
NEO | NEO | Yes | ✓ |
Ethereum Classic | ETC | Yes | ✓ |
Chainlink | LINK | Yes | ✓ |
Waves | WAVES | Yes | ✓ |
Lisk | LSK | Yes | ✓ |
Tether | USDT | Yes | ✓ |
USD Coin | USDC | Yes | ✓ |
Cosmos | ATOM | Yes | ✓ |
Tron | TRX | Yes | ✓ |
Basic Attention Token | BAT | Yes | ✓ |
Bitpanda Ecosystem Token | BEST | Yes | ✓ |
Chiliz | CHZ | Yes | ✓ |
DogeCoin | DOGE | Yes | ✓ |
Ontology | ONT | Yes | ✓ |
Qtum | QTUM | Yes | ✓ |
VeChain | VET | Yes | ✓ |
Uniswap | UNI | Yes | ✓ |
Yearn.finance | YFI | Yes | ✓ |
Synthetix Network Token | SNX | Yes | ✓ |
Polkadot | DOT | Yes | ✓ |
Compound | COMP | Yes | ✓ |
Maker | MKR | Yes | ✓ |
Bitpanda charges a premium of 1.49% of the total amount on all cryptocurrency transactions. However, you can have a reduced premium fee of up to 0.25% if you choose to pay using the exchange’s recommended payment method. Please note that offered prices for cryptocurrencies and other digital assets at Bitpanda are inclusive of Bitpanda premium fees. The company does not reveal a clear-cut pricing structure, though.
Bitpanda charges 0.5% as a premium fee on the amount of Gold you buy and 1.0% on your selling amount. The company does not charge any insurance or storage fee on purchasing the first 20g of Gold at Bitpanda. Any amount in access of 20g will have a holding cost of 0.0125% per week. Bitpanda calculates the fee on a daily basis and deducts the accumulated amount at the end of each week from your metal wallet.
Similar to the selling and buying of Gold, a 2.5% fee applies to purchase of Silver. To sell Silver, a fee of 2.0% is applicable in addition to the holding cost that is 0.025% a week. There is no fee for holding the first 200g of Silver with Bitpanda. Any amount exceeding the specified limit will have fees, as mentioned above.
You need to pay a premium fee of 2.5% on your platinum purchases following a fee charge of 2.0% on your platinum disposals. You can store the first 20g of Platinum with Bitpanda without paying any fee. However, for holding Platinum more than the said limit carries a charge of 0.025% weekly. Charging schedules will remain the same as mentioned before.
There is a little change in fee when it comes to purchasing of Palladium. You pay 2.2% on purchasing Palladium while 1.8% on selling it off. Holding any amount above 20g of Palladium costs 0.025% per week.
Bitpanda offers a user-friendly, intuitive trading platform to make your trading experience joyful. You can find all options on your home screen.
The tabs available next to your dashboard captioned as wallets, let you access your storage place, showing your portfolio of assets.
Clicking on the prices tab takes you to the market watch, where you can see the latest quoted prices for each of the available assets, including cryptos, indices, and metals.
You can have a detailed overview of each digital asset in a new window by clicking any of them. On the top of each chart, you can navigate between timestamps to see the daily, weekly, monthly, or yearly performance of your favorite asset.
On the left side of your home screen, buttons include trade and make you either trade-off of your digital assets or deposit funds into your account, respectively. Please note that to continue trading, you need to get your account verified first. Account verification is essential for depositing funds in your account as well.
Moving a little further, you can see an avatar option where you can set your profile picture if you wish to do so. Clicking on the avatar button drops down the list of several options allowing you to either customize your account settings or access detailed information of your account activities.
Opening an account with Bitpanda on a desktop is quite simple. Following the steps listed below, you can have your account opened within a few minutes.
Bitpanda offers multiple cryptocurrencies that you could buy from the ease of your desktop within a couple of minutes. Since the exchange allows buying cryptocurrencies against cash, therefore, fiat wallet is the quickest method to do so. However, you can also use several other payment methods such as debit cards, credit cards, e-payments, and SEPA transfers, etc.
Let us walk you through the steps that you need to follow to buy cryptocurrencies at Bitpanda.
Featuring the power of mobile trading, Bitpanda allows its customers to trade while on the go. Keeping the world’s most advanced trading platform in your pocket provides you with the next level of satisfaction. Now you don’t have to sit in front of your PC or a laptop. You can access your account right from your mobile device.
With the flexibility to trade 24/7, clients can enjoy the cheapest fee premiums on purchasing bitcoin at Bitpanda. Advanced API applications, secured offline storage options, and state-of-the-art servers help traders to transact with peace of mind. Bitpanda offers supported versions of its mobile app for both Android and iOS users. You can have your mobile-compatible app downloaded from either PlayStore or App store.
After signing in on the Mobile Trading platform, traders can see their account balance right in the upper middle of the screen. On the main screen, there are three buttons available that allow clients to buy, sell, & receive cryptos right from the ease of the dashboard.
Using the Portfolio tab, traders can access a wide range of tradable assets. All of them have customized separate wallets to hold and store fiat currencies, cryptocurrencies, indices, and other precious metals. Each of the wallets further opens up, showing all of the assets inside.
The trade button has a plus sign that clients need to click to access various options such as buy, sell, swap, and deposit. Other options include withdrawals, vouchers, and savings. Please note that you have to get your account verified before you could use any of the options listed above.
Under the prices tab, clients can see the price details for each of the listed assets. The charting panel has different time frames that allow traders to view the daily, weekly, monthly, and yearly performance of the underlying asset. With options to buy, sell, swap, and send, traders don’t have to go back to the trade menu. Instead, they can place their order by staying on the same page. Traders also have the option to set a customized price alert for each asset, so when a price hits the targeted level, they receive an instant notification.
The profile tab allows traders to set their account preferences. Customers can see the account trading history, access savings portfolio, and change security parameters. The profile tab also enables traders to view any updated information on Bitcoin Ecosystem Tokens here. Clients have the option of adding a profile picture if they like to do so.
Let us have a quick look at simple short steps to know how to get registered for a mobile-based trading platform at Bitpanda.
Steps to open an account with Bitpanda on Mobile:
Opening an account with Bitpanda is pretty simple. Just follow the steps listed below;
Buying coins using your mobile phone is simple. Listed below are the steps you can follow to purchase your favorite crypto asset.
Bitpanda offers multiple deposit and withdrawal methods with differing conditions and limits depending upon the currency you choose. Your deposit and withdrawals might also have some restrictions due to your preferred payment method and level of account verification.
Bitpanda accepts fiat deposits in the following currencies;
Let’s check out the options available for each of the currency below;
Account Verification Level | Deposit | Withdrawal |
Verified | SEPA, NETELLER, iDEAL, SOFORT, GIROPAY/EPS, Skrill, Zimpler, Visa, and MasterCard. You can also make deposits to your Euro wallet via Bitpanda To Go redeemable vouchers. | SEPA Transfers, NETELLER, Skrill, amazon.de. |
Non-Verified | Non-Verified account holders cannot make any deposit to their Euro wallet unless they get their account verified. | Non-Verified account holders cannot withdraw funds from their Euro wallet unless they have their account verified. |
Account Verification Level | Deposit | Withdrawal |
Verified | You can deposit via SEPA, NETELLER, Skrill, Visa, and MasterCard to your GBP wallet. | You can withdraw your funds from GBP wallet using SEPA Transfers, NETELLER, and Skrill |
Non-Verified | Non-Verified account holders cannot make any deposit to their GBP wallet unless they get their account verified. | Non-Verified account holders cannot withdraw funds from their GBP wallet unless they have their account verified. |
Account Verification Level | Deposit | Withdrawals |
Verified | You can deposit in your USD wallet through Skrill, Visa, and MasterCard. | Skrill is the only option that you could use to withdraw your funds from USD wallet. |
Non-Verified | Non-Verified account holders cannot make any deposit to their USD wallet unless they get their account verified. | Non-Verified account holders cannot withdraw funds from their USD wallet unless they have their account verified. |
Account Verification Level | Deposit | Withdrawals |
Verified | You can deposit in your Swiss Franc (CHF) wallet through Skrill, Visa, Neteller, SOFORT and MasterCard. | Skrill, Neteller, and SEPA Transfers are the options that you could use to withdraw your funds from Swiss Franc (CHF) wallet. |
Non-Verified | Non-Verified account holders cannot make any deposit to their Swiss Franc (CHF) wallet unless they get their account verified. | Non-Verified account holders cannot withdraw funds from their Swiss Franc (CHF) wallet unless they have their account verified. |
Account Verification Level | Deposit | Withdrawals |
Verified | You can deposit in your Turkish Lira (TRY) wallet through Visa, Master Card, & Paparo. | Papara is the only option that you could use to withdraw your funds from Turkish Lira (TRY) wallet. |
Non-Verified | Non-Verified account holders cannot make any deposit to their Turkish Lira (TRY) wallet unless they get their account verified. | Non-Verified account holders cannot withdraw funds from their Turkish Lira (TRY) unless they have their account verified. |
No fees – (Minimum Deposit) | Fee for Wallet Deposit | Minimum – Deposit amount (excl. fee) | Wallet – Withdrawal fees | Minimum Withdrawal (amount – excl. fee) | |
0x | 10.00000000 ZRX | 0.20000000 ZRX | 2.00000000 ZRX | 1.84253990 ZRX | 2.00000000 ZRX |
Augur | 1.00000000 REP | 0.01000000 REP | 0.10000000 REP | 0.10132768 REP | 0.10000000 REP |
Basic Attention Token | 10.00000000 BAT | 0.50000000 BAT | 1.00000000 BAT | 6.59476160 BAT | 1.00000000 BAT |
Bitcoin | 0.05000000 BTC | 0.00010000 BTC | 0.00100000 BTC | 0.00006000 BTC | 0.00150000 BTC |
Bitcoin Cash | 0.01000000 BCH | 0.00010000 BCH | 0.00100000 BCH | 0.00002300 BCH | 0.05000000 BCH |
Bitpanda Ecosystem Token | 100.00000000 BEST | 0.50000000 BEST | 1.00000000 BEST | 14.90192138 BEST | 10.00000000 BEST |
Cardano | 100.00000000 ADA | 1.00000000 ADA | 10.00000000 ADA | 0.20000110 ADA | 1.00000000 ADA |
Chain-link | 10.00000000 LINK | 0.50000000 LINK | 1.00000000 LINK | 0.19999880 LINK | 1.00000000 LINK |
Chiliz | 1000.00000000 CHZ | 10.00000000 CHZ | 100.00000000 CHZ | 10.00000000 CHZ | 10.00000000 CHZ |
Cosmos | 3.00000000 ATOM | 0.03000000 ATOM | 0.10000000 ATOM | 0.00100000 ATOM | 1.00000000 ATOM |
Dash | 0.10000000 DASH | 0.00010000 DASH | 0.01000000 DASH | 0.00000000 DASH | 0.01000000 DASH |
Doge | 1000.00000000 DOGE | 50.00000000 DOGE | 500.00000000 DOGE | 1.00000000 DOGE | 20.00000000 DOGE |
EOS | 10.00000000 EOS | 0.00100000 EOS | 0.10000000 EOS | 0.00000000 EOS | 0.01000000 EOS |
Ethereum | 0.10000000 ETH | 0.00050000 ETH | 0.00100000 ETH | 0.00192000 ETH | 0.02000000 ETH |
IOTA | 10.00000000 MIOTA | 0.10000000 MIOTA | 0.50000000 MIOTA | 0.02000080 MIOTA | 1.00000000 MIOTA |
Komodo | 10.00000000 KMD | 0.01000000 KMD | 0.10000000 KMD | 0.00000000 KMD | 0.10000000 KMD |
Lisk | 10.00000000 LSK | 0.05000000 LSK | 0.10000000 LSK | 0.01000040 LSK | 0.10000000 LSK |
Litecoin | 0.10000000 LTC | 0.00010000 LTC | 0.00100000 LTC | 0.00050000 LTC | 0.05000000 LTC |
NEM | 100.00000000 XEM | 0.10000000 XEM | 1.00000000 XEM | 0.04999970 XEM | 0.10000000 XEM |
NEO | 1.00000000 NEO | 0.00000000 NEO | 1.00000000 NEO | 0.00500020 NEO | 1.00000000 NEO |
OmiseGo | 5.00000000 OMG | 0.20000000 OMG | 0.50000000 OMG | 0.40219182 OMG | 1.00000000 OMG |
Ontology | 50.00000000 ONT | 1.00000000 ONT | 5.00000000 ONT | 1.00000000 ONT | 2.00000000 ONT |
Pantos | 1000.00000000 PAN | 1.00000000 PAN | 5.00000000 PAN | 34.79870414 PAN | 5.00000000 PAN |
Ripple | 0.10000000 XRP | 0.00000000 XRP | 0.10000000 XRP | 0.10000000 XRP | 1.00000000 XRP |
Stellar | 10.00000000 XLM | 0.00000000 XLM | 0.10000000 XLM | 0.00000000 XLM | 10.00000000 XLM |
Tether | 10.00000000 USDT | 0.25000000 USDT | 0.50000000 USDT | 3.00000000 USDT | 0.10000000 USDT |
Tron | 1000.00000000 TRX | 1.00000000 TRX | 10.00000000 TRX | 0.00000000 TRX | 1.00000000 TRX |
USD Coin | 10.00000000 USDC | 0.25000000 USDC | 0.50000000 USDC | 1.43457216 USDC | 0.10000000 USDC |
Waves | 5.00000000 WAVES | 0.01000000 WAVES | 0.10000000 WAVES | 0.00000000 WAVES | 0.10000000 WAVES |
ZCash | 0.05000000 ZEC | 0.00100000 ZEC | 0.00500000 ZEC | 0.00010120 ZEC | 0.00100000 ZEC |
Account | Verification (Light) | Verified | ||
Online Payments | Deposits | Withdrawals | Deposits | Withdrawals |
Daily Limits (24h) | 0,00 EUR | 1.500,00 EUR | 10.000,00 EUR | 100.000,00 EUR |
Monthly Limits | 0,00 EUR | 10.000,00 EUR | 300.000,00 EUR | 2.000.000,00 EUR |
Total Limits | 0,00 EUR | 50.000,00 EUR | 10.000.000,00 EUR | 10.000.000,00 EUR |
Account | Verification (Light) | Verified | ||
SEPA Transfers | Deposits | Withdrawals | Deposits | Withdrawals |
Daily Limits (24h) | 49.999,00 EUR | 500.000,00 EUR | 49.999,00 EUR | 5.000.000,00 EUR |
Monthly Limits | 5.000.000,00 EUR | 5.000.000,00 EUR | 5.000.000,00 EUR | 5.000.000,00 EUR |
Total Limits | 100.000.000,00 EUR | 10.000.000,00 EUR | 100.000.000,00 EUR | 10.000.000,00 EUR |
Account | Verification (Light) | Verified | ||
Zimpler | Deposits | Withdrawals | Deposits | Withdrawals |
Daily Limits (24h) | 0,00 EUR | 0,00 EUR | 2.500,00 EUR | 0,00 EUR |
Monthly Limits | 0,00 EUR | 0,00 EUR | 100.000,00 EUR | 0,00 EUR |
Total Limits | 0,00 EUR | 0,00 EUR | 100.000,00 EUR | 0,00 EUR |
Account | Verification (Light) | Verified | ||
iDeal | Deposits | Withdrawals | Deposits | Withdrawals |
Daily Limits (24h) | 10.000,00 EUR | 0,00 EUR | 10.000,00 EUR | 0,00 EUR |
Monthly Limits | 300.000,00 EUR | 0,00 EUR | 300.000,00 EUR | 0,00 EUR |
Total Limits | 999.999.999,00 EUR | 0,00 EUR | 999.999.999,00 EUR | 0,00 EUR |
Account | Verification (Light) | Verified | ||
Debit Cards | Deposit | Withdrawal | Deposit | Withdrawal |
Daily Limits (24h) | Not Applicable | Not Applicable | 0,00 EUR | 0,00 EUR |
Monthly Limits | Not Applicable | Not Applicable | 0,00 EUR | 0,00 EUR |
Total Limits | Not Applicable | Not Applicable | 0,00 EUR | 0,00 EUR |
Account | Verification (Light) | Verified | ||
Papara | Deposit | Withdrawal | Deposit | Withdrawal |
Daily limits (24h) | Not Applicable | Not Applicable | 10.000,00 EUR | 10.000,00 EUR |
Monthly limits | Not Applicable | Not Applicable | 60.000,00 EUR | 60.000,00 EUR |
Total limits | Not Applicable | Not Applicable | 999.999.999,00 EUR | 999.999.999,00 EUR |
Account | Verification (Light) | Verified | ||
Online Payments | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | USD 0.00 | USD 1,774.63 | USD 11,830.85 | USD 118,308.47 |
Monthly limits | USD 0.00 | USD 11,830.85 | USD 354,925.42 | USD 2,366,169.46 |
Total limits | USD 0.00 | USD 59,154.24 | USD 11,830,847.28 | USD 11,830,847.28 |
Account | Verification (Light) | Verified | ||
Credit card | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | USD 0.00 | USD 0.00 | USD 2,957.71 | USD 0.00 |
Monthly limits | USD 0.00 | USD 0.00 | USD 354,925.42 | USD 0.00 |
Total limits | USD 0.00 | USD 0.00 | USD 5,915,423.64 | USD 0.00 |
Account | Verification (Light) | Verified | ||
Bank Transfer (SEPA) | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
Monthly limits | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
Total limits | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
Zimpler | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
Monthly limits | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
Total limits | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
ideal | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | USD 11,830.85 | USD 0.00 | USD 11,830.85 | USD 0.00 |
Monthly limits | USD 354,925.42 | USD 0.00 | USD 354,925.42 | USD 0.00 |
Total limits | USD 1,183,084,726.61 | USD 0.00 | USD 1,183,084,726.61 | USD 0.00 |
Debit Card | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | Not Applicable | Not Applicable | USD 0.00 | USD 0.00 |
Monthly limits | Not Applicable | Not Applicable | USD 0.00 | USD 0.00 |
Total limits | Not Applicable | Not Applicable | USD 0.00 | USD 0.00 |
Papara | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | Not Applicable | Not Applicable | USD 11,830.85 | USD 11,830.85 |
Monthly limits | Not Applicable | Not Applicable | USD 70,985.08 | USD 70,985.08 |
Total limits | Not Applicable | Not Applicable | USD 1,183,084,726.61 | USD 1,183,084,726.61 |
Account | Light verification | Verified | ||
Online Payments | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | CHF 0.00 | CHF 1’612.93 | CHF 10’752.87 | CHF 107’528.72 |
Monthly limits | CHF 0.00 | CHF 10’752.87 | CHF 322’586.16 | CHF 2’150’574.40 |
Total limits | CHF 0.00 | CHF 53’764.36 | CHF 10’752’872.01 | CHF 10’752’872.01 |
Account | Light verification | Verified | ||
Credit card | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | CHF 0.00 | CHF 0.00 | CHF 2’688.22 | CHF 0.00 |
Monthly limits | CHF 0.00 | CHF 0.00 | CHF 322’586.16 | CHF 0.00 |
Total limits | CHF 0.00 | CHF 0.00 | CHF 5’376’436.01 | CHF 0.00 |
Account | Light verification | Verified | ||
Bank Transfer (SEPA) | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | CHF 53’763.28 | CHF 537’643.60 | CHF 53’763.28 | CHF 5’376’436.01 |
Monthly limits | CHF 5’376’436.01 | CHF 5’376’436.01 | CHF 5’376’436.01 | CHF 5’376’436.01 |
Total limits | CHF 107’528’720.11 | CHF 10’752’872.01 | CHF 107’528’720.11 | CHF 10’752’872.01 |
Zimpler | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
Monthly limits | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
Total limits | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
ideal | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | CHF 10’752.87 | CHF 0.00 | CHF 10’752.87 | CHF 0.00 |
Monthly limits | CHF 322’586.16 | CHF 0.00 | CHF 322’586.16 | CHF 0.00 |
Total limits | CHF 1’075’287’200.07 | CHF 0.00 | CHF 1’075’287’200.07 | CHF 0.00 |
Debit Card | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | Not Applicable | Not Applicable | CHF 0.00 | CHF 0.00 |
Monthly limits | Not Applicable | Not Applicable | CHF 0.00 | CHF 0.00 |
Total limits | Not Applicable | Not Applicable | CHF 0.00 | CHF 0.00 |
Papara | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | Not Applicable | Not Applicable | CHF 10’752.87 | CHF 10’752.87 |
Monthly limits | Not Applicable | Not Applicable | CHF 64’517.23 | CHF 64’517.23 |
Total limits | Not Applicable | Not Applicable | CHF 1’075’287’200.07 | CHF 1’075’287’200.07 |
Account | Light verification | Verified | ||
Online Payments | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | GBP 0.00 | GBP 1,360.56 | GBP 9,070.39 | GBP 90,703.91 |
Monthly limits | GBP 0.00 | GBP 9,070.39 | GBP 272,111.74 | GBP 1,814,078.27 |
Total limits | GBP 0.00 | GBP 45,351.96 | GBP 9,070,391.37 | GBP 9,070,391.37 |
Account | Light verification | Verified | ||
Credit card | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | GBP 0.00 | GBP 0.00 | GBP 2,267.60 | GBP 0.00 |
Monthly limits | GBP 0.00 | GBP 0.00 | GBP 272,111.74 | GBP 0.00 |
Total limits | GBP 0.00 | GBP 0.00 | GBP 4,535,195.69 | GBP 0.00 |
Account | Light verification | Verified | ||
Bank Transfer (SEPA) | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | GBP 45,351.05 | GBP 453,519.57 | GBP 45,351.05 | GBP 4,535,195.69 |
Monthly limits | GBP 4,535,195.69 | GBP 4,535,195.69 | GBP 4,535,195.69 | GBP 4,535,195.69 |
Total limits | GBP 90,703,913.71 | GBP 9,070,391.37 | GBP 90,703,913.71 | GBP 9,070,391.37 |
Account | Light verification | Verified | ||
Zimpler | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
Monthly limits | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
Total limits | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
Account | Light verification | Verified | ||
ideal | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | GBP 9,070.39 | GBP 0.00 | GBP 9,070.39 | GBP 0.00 |
Monthly limits | GBP 272,111.74 | GBP 0.00 | GBP 272,111.74 | GBP 0.00 |
Total limits | GBP 907,039,136.18 | GBP 0.00 | GBP 907,039,136.18 | GBP 0.00 |
Account | Light verification | Verified | ||
ideal | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | Not Applicable | Not Applicable | GBP 0.00 | GBP 0.00 |
Monthly limits | Not Applicable | Not Applicable | GBP 0.00 | GBP 0.00 |
Total limits | Not Applicable | Not Applicable | GBP 0.00 | GBP 0.00 |
Account | Light verification | Verified | ||
Papara | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | Not Applicable | Not Applicable | GBP 9,070.39 | GBP 9,070.39 |
Monthly limits | Not Applicable | Not Applicable | GBP 54,422.35 | GBP 54,422.35 |
Total limits | Not Applicable | Not Applicable | GBP 907,039,136.18 | GBP 907,039,136.18 |
Account | Light verification | Verified | ||
Online Payments | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | 0,00 EUR | 13.984,02 EUR | 93.226,81 EUR | 932.268,11 EUR |
Monthly limits | 0,00 EUR | 93.226,81 EUR | 2.796.804,33 EUR | 18.645.362,23 EUR |
Total limits | 0,00 EUR | 466.134,06 EUR | 93.226.811,14 EUR | 93.226.811,14 EUR |
Account | Light verification | Verified | ||
Credit card | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | 0,00 EUR | 0,00 EUR | 23.306,70 EUR | 0,00 EUR |
Monthly limits | 0,00 EUR | 0,00 EUR | 2.796.804,33 EUR | 0,00 EUR |
Total limits | 0,00 EUR | 0,00 EUR | 46.613.405,57 EUR | 0,00 EUR |
Account | Light verification | Verified | ||
Bank Transfer (SEPA) | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | 466.124,73 EUR | 4.661.340,56 EUR | 466.124,73 EUR | 46.613.405,57 EUR |
Monthly limits | 46.613.405,57 EUR | 46.613.405,57 EUR | 46.613.405,57 EUR | 46.613.405,57 EUR |
Total limits | 932.268.111,36 EUR | 93.226.811,14 EUR | 932.268.111,36 EUR | 93.226.811,14 EUR |
Account | Light verification | Verified | ||
Zimpler | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
Monthly limits | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
Total limits | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
Account | Light verification | Verified | ||
ideal | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | 93.226,81 EUR | 0,00 EUR | 93.226,81 EUR | 0,00 EUR |
Monthly limits | 2.796.804,33 EUR | 0,00 EUR | 2.796.804,33 EUR | 0,00 EUR |
Total limits | 9.322.681.104,27 EUR | 0,00 EUR | 9.322.681.104,27 EUR | 0,00 EUR |
Account | Light verification | Verified | ||
Debit Card | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | N/A | N/A | 0,00 EUR | 0,00 EUR |
Monthly limits | N/A | N/A | 0,00 EUR | 0,00 EUR |
Total limits | N/A | N/A | 0,00 EUR | 0,00 EUR |
Account | Light verification | Verified | ||
Papara | Deposits | Withdrawals | Deposits | Withdrawals |
Daily limits (24h) | N/A | N/A | 93.226,81 EUR | 93.226,81 EUR |
Monthly limits | N/A | N/A | 559.360,87 EUR | 559.360,87 EUR |
Total limits | N/A | N/A | 9.322.681.104,27 EUR | 9.322.681.104,27 EUR |
Bitpanda offers a wide range of resources of educational materials to help clients learn about cryptocurrencies. Under the tab captioned Bitpanda Academy, you could find multiple trading lessons for both novice and intermediate traders. Although Bitpanda doesn’t offer much for skilled traders, still with the exchange of educational resources, you get to know various tips and tricks useful for mindful trading.
Bitpanda, also holds quizzes at the end of each lesson, followed by a set of few questions to reward traders with free Bitcoin Ecosystem Tokens worth €5. The exchange keeps its educational section updated with the latest relevant information. According to the information available on the exchange’s webpage, Bitpanda plans to introduce expert lessons soon.
Despite having a very informative FAQ section available at Bitpanda under the support tab, you still feel unattended when it comes to seeking customer support. The company seems to be lagging in offering real-time customer services. You can’t contact the company right away in case you wish to ask something that is pinching you hard. The only method to approach the customer support team is to fill a contact form available on the website of Bitpanda and wait for a staff member to get into contact with you.
We found a mix of views of people about Bitpanda on Reddit. A member on Reddit says that he feels Bitpanda charges a higher fee as compared to other exchanges. According to him, the verification process is simple and doesn’t take more than a few minutes to get completed. However, he was unsure whether he would be purchasing any tradeable assets from Bitpanda or not.
On the other hand, a user who had a good experience opening an account with Bitpanda exclaimed with surprise that his bank didn’t charge him any additional fee for making deposits in his account with Bitpanda. Also, the exchange charged him only a few bucks on the purchases he made using his debit card.
Some people argue that Bitpanda is relatively new in the market and might not as secure as some of the other exchanges like eToro out there. However, most people hold the view that with an option of cold storage, investors should not underrate Bitpanda over security concerns.
People hold a mix of views about Bitpanda on Quora. Some people think that Bitpanda is merely an average exchange known for purchasing and selling cryptocurrencies having a basic level of interface. Whereas, other people assume it to be a good platform for beginners. Some raise concerns over its security issues for not having an HD video verification tool. In contrast, others criticize Bitpanda for its online digital cryptocurrency wallets. According to most of the users at Quora, the exchange still needs some time to become one people look at with extreme confidence. A lot of people seem to be suggesting that other renowned exchanges like eToro are better options as compared to this young exchange.
Well, considering the most advanced security protocols such as DDOS protection, cold-storage options, and state-of-the-art protected servers, it is undoubtedly a safe exchange. Whether you want to buy, sell, or convert your cryptos from one into another, you could rest assured that your transactions are secured. Bitpanda operates under the AML directives providing customers with a complete sense of security.
Besides enabling a two-step authentication factor, the company allows you to view and manage your active sessions and reliable devices. You can always add or remove trusted devices and have your active sessions closed by signing off from the electronic devices you don’t use at times.
Making your trading experience well protected, Bitpanda offers built-in wallets with some notable features. You can use separate fiat and digital asset wallets to hold your fiat funds and cryptocurrencies. Bitpanda started its operations in 2014, and through all of these six years (06) of business, Bitpanda never compromised on security.
Comparing the two most renowned exchanges side by side becomes challenging sometimes. You consider various factors when evaluating different options available with each of them. Lastly, it’s not about any exchange being best or worst. It’s about which of them offer better services. Let’s have a quick look at some of the factors below;
The most popular platform for buying and selling cryptocurrencies and metals in Europe. With a clientele base of more than 1 million customers across the world, the company offers world-class trading solutions to its customers.
One of the leading forex brokers and exchanges offering top-notch trading services in cryptocurrencies, and indices, in more than 170 countries all around the globe. It’s also one of the best crypto CFD brokers in the market today.
Both of the exchanges have their own merits and demerits. Bitpanda is a relatively new business venture as compared to the eToro crypto broker. It might suit better to newbies and intermediate-level traders. On the other hand, eToro has been in the business for quite a long and offers the most advanced trading solutions for expert-level traders; plus an in-exchange crypto wallet – the eToro digital wallet.
The fee has great importance when comparing two trading platforms for the same level of trading services. Etoro offers a variable spread charging mechanism with a fee of up to 3.5%, which is relatively higher as compared to other exchanges. Mostly, the spread charge with many of the cryptocurrency exchanges stays within the bracket of 0.7% to 2%.
On the other hand, Bitpanda charges a premium fee of 1.49% on all cryptocurrency transactions. However, charges for buying and selling of precious metals may exceed. However, we won’t discuss those charges to remain relevant.
When it comes to the availability of tradeable assets, eToro has an edge. eToro doesn’t only offers a wide range of cryptocurrencies. Still, you could trade multiple financial instruments, including stocks, indices, CFDs, etc.
However, this might not be the case with Bitpanda, since the exchange besides, offering a great variety of tradable digital assets, stands no chance of competing against the eToro.
As far as the quality of customer services is concerned, we feel there is a roam for improvement in this department. Starting with Bitpanda, there is no live customer support at all. You can’t raise your concern with the company on a real-time basis.
While eToro does offer a customer support live chat interface, but it takes a little longer to get connected to any of the agents available. Also, eToro customer support services are known well in answering only basic level questions. Should you need to discuss anything that needs more attention, you could be testing hard water.
Should you wish to swap your current digital asset with another supported cryptocurrency at Bitpanda, you can use the Bitpanda Swap service to do so.
Bitpanda offers you a saving plan so you could prepare for your future. With the flexibility of the auto purchase option, you don’t have to go through recurring purchases. All you need is to set a time by which you want to have a pre-set amount of your favorite crypto purchased and stored in your wallet. You can use your master or visa card for the same. Payment through SEPA transfer is also a good option that you can configure for your savings portfolio. Please note that you can pause and resume your savings plan whenever you wish to do so.
Bitpanda allows you to diversify your investment. The company offers investment in physically backed precious metals, including Gold, Silver, Platinum, and Palladium. All of the precious metals are available in digitized form at Bitpanda. They have an active duty-free insurance program. You have the freedom to swap your precious metals with any other supported digital asset. For transaction cost and holding fee, please refer to the fee section discussed above.
Please note that physically backed digitized precious metal means that Bitpanda keeps the metal bars in a secured vault facility with A-grade banks in Switzerland. When you buy precious metal, you own a share of those metal bars in actuality.
Bitpanda brings you a customized way of investing in multiple crypto assets. The exchange offers you three crypto indices to select from according to your needs. Offering you a diverse portfolio of top 05, 10, and 15 cryptocurrencies, Bitpanda enables you to invest in an auto-diversified crypto assets portfolio. The exchange classifies them according to their market share and liquidity levels. Over time, the Crypto Index automatically adjusts the weighting of your crypto investment, so you don’t have to choose the potential cryptocurrency manually.
According to the information available on the exchange’s website, the crypto index portfolio is a regulated service. However, the company leaves a disclaimer as well, so you may read and understand the associated terms and conditions in both English and German languages. Given below is an image showing the three different Crypto Index portfolios.
Enabling you to enjoy lower deposit fees and discounts of up to 25%, Bitpanda introduces Bitcoin Ecosystem Tokens (BEST) to offer improved Bitpanda services across the platform. You can buy and use BEST for accessing the available services at Bitpanda for a better rate. Currently, the exchange has classified Bitcoin Ecosystem Tokens (BEST) into three main classes. Give below is a quick recap of the benefits offered in each of the BEST VIP categories.
You need to have a minimum of 5000 BEST to reach level 1.
Level 2:
To reach level two, traders must be holding at least 50,000 Best (Bitcoin Ecosystem Tokens)
Level 3 is the VIP level that you can attain for holding a minimum of 500,000 BEST.
Innovating the old-fashioned payment systems, Bitpanda enables you to pay for your expenses through a hassle-free payment system. Should you need to pay your house rent or settle your bill on a merchant’s outlet, Bitpanda Pay makes your transactions a lot easier. Sending money to IBAN and paying for your utility bills have now been simplified with the Bitpanda Pay services.
Bitpanda also facilitates purchasing cryptocurrency against cash through its To Go service. You could buy code vouchers in more than 400 post branches and partners across Austria. Those code vouchers are redeemable on Bitpanda to purchase your favorite crypto assets.
Offering greater exposure to the world of cryptocurrencies, Bitpanda facilitates traders wishing to trade increased volumes. Bitpanda Plus service helps you enjoy reduced fees and increased deposit & withdrawal limits. However, you need to fulfil certain conditions before you could be a part of the said service.
Just recently, the exchange introduced a new product, BitPanda Stocks. Thanks to this feature, users on the platform now have an additional means to earn from their assets. BitPanda Stocks is a contract, rather than actual shares. Although BitPanda Stocks cannot be traded on any stock exchange, they come in handy for platform users who would like to earn from the price movements of certain shares. The contract also allows you to earn from the dividend distributions of the listed companies.
BitPanda Stocks offers users 24/7 commission-free trading with tight spreads. It uses partner exchanges to buy the underlying stocks, which are then held by the partner banks for safekeeping. BitPanda users are then able to invest in fractions of the shares through derivatives. Users can invest as little as €1 in some of the world’s most popular companies and ETFs.
To begin with, BitPanda has only rolled out the Beta version, which will initially limit the stocks and ETFs listed to about 50. However, the exchange plans to increase these assets within the coming months and years. Some of the companies already included are Adidas, AirBnB, Amazon, and Netflix.
More details on this product are available on the prospectus, which you can access via the exchange’s official website.
After a detailed review of the exchange, we hereby conclude that Bitpanda is one of the popular platforms offering the most reliable crypto trading services in Europe. Based in Austria, the company follows AML5 guidelines to ensure transparency and security of clients’ concerns. We also noticed some of the segments where the exchange needs improvements such as customer support, identity verification using HD video technology, and a clear fee-charging strategy. Overall the firm has positive reviews from customers who are using Bitpanda services across the globe. We believe people might try it for having a better trading experience.
Yes, Bitpanda is legitimate. In fact, they’re a great option for buying and selling cryptocurrencies because they offer private equity fund administration software that makes it easy to buy and sell cryptos. Plus, their customer service is excellent and they offer a wide variety of payment options. So if you’re looking for a reputable and convenient option for buying or selling cryptocurrencies, Bitpanda is definitely worth considering.
Yes, you can absolutely buy Bitcoin on Bitpanda! In fact, Bitpanda is one of the most popular exchanges for buying and selling Bitcoin. They offer a user-friendly platform and have built up a large user base.
The fees charged by Bitpanda will vary depending on the volume and type of trade being conducted. However, it’s worth noting that Bitpanda is a private equity fund administration software company, so their fees are likely to be higher than those of some of their competitors. That said, it’s important to compare the fees charged by different exchanges before making a decision about where to buy or sell crypto assets.
Bitpanda makes money by charging fees for transactions on its platform. It also generates revenue through its private equity fund administration software.
To deposit money in Bitpanda, login to your Bitpanda account and click on the “Deposit” button at the top of the page. You’ll then be able to select the amount of money you want to deposit and choose your preferred payment method. You can then follow the instructions provided by Bitpanda to complete the deposit.
Bitpanda is based in Vienna , Austria
There are a few possible reasons why you might not be able to withdraw your funds from Bitpanda. It could be that you don’t have enough funds in your account to meet the minimum withdrawal amount, or it could be that you’re trying to withdraw more than the maximum allowed amount.
Bitpanda is a great platform for investing in private equity funds. The interface is easy to use and makes it easy to track your investments. The customer service is also excellent, with fast responses and helpful staff. Overall, Bitpanda is a great choice for anyone looking to invest.
Bitpanda does accept Mastercard. They also accept a variety of payment methods, including Credit/Debit cards, bank transfers, and PayPal.
Bitpanda is a safe exchange because it has private equity fund administration software that helps to keep track of all the transactions that happen on the site. This software also helps to ensure that user information is kept confidential and secure.