Last Updated on November 14, 2023 by Ben
Bitpanda is Europe’s major retail broker for buying and selling digital currencies. They have quickly grown to be the largest European bitcoin broker with over 100 thousand active users. The exchange is very appealing to a lot of people since it offers an incredibly simple and instinctive user interface for trading cryptocurrencies.
BITPANDA Review 2021 – Everything You Should Know
What is Bitpanda?
Bitpanda is a trading platform with many different cryptocurrencies. They also have stocks and metals, which are things you can trade with. The BEST token is used for discounts on trades. At their company, you can choose between different kinds of accounts depending on what you want to do. Fees are not always the same – for example, fees are low, but they are not the same for deposits and withdrawals. If you desire to trade on the go, they offer a mobile app for both Android and iOS.
Bitpanda is a company that started in 2014. They trade with Bitcoin, Litecoin, Zcash, and Tether. They are very important for Europe because they are one of the most important brokers for these cryptocurrencies.
The company helps people buy and sell Bitcoin and other cryptocurrencies. It changed its name from “Coinimal.” Bitpanda is an easy way to buy and sell Bitcoin because it has a safe, effective, and reliable platform.
It is a website and app where you can trade 46 different kinds of cryptocurrencies, three Bitpanda crypto indices, and four metal tokens. You can trade from any device on the Bitpanda website or app.
Is BitPanda regulated?
Bitpanda got a license to provide new payment services in the Eurozone. They can now provide these services instead of banks, which will make it easier for people to buy things.
Is Bitpanda safe?
Bitpanda has never been hacked. The exchange will do a KYC and AML check before doing anything with your account. Digital assets are kept in cold storage. To keep your account secure, go to Settings and Security and do the following:
- Set up two-factor identification (2FA)
- Check your web and app account login sessions to make sure the location and browser are what you usually use.
How does the Bitpanda exchange work: Account Types
BitPanda offers three types of accounts, each with different limitations and levels of verification requirements. See the account type overviewed below:
- This account only needs someone to give their email address.
- Daily buy/sell limits are 1,000 EUR
- Monthly buy/sell limits are 7,500 EUR
- Total buy/sell limits are 30,000 EUR
- This account requires you to enter your phone number. You need to do this before you can use it.
- Daily buy/sell limits are 1,500 EUR
- Monthly buy/sell limits are 10,000 EUR
- Total buy/sell limits are 50,000 EUR
- This account needs to be verified with your government ID. It can be done with IDsNow or by video using verify-U.
- Daily buy/sell limits are 15,000 EUR
- Monthly buy/sell limits are 300,000 EUR
- Total buy/sell limits are 1,500,000 EUR
Best Cryptocurrency Exchange in November 2021
It can be hard to recognize the concept of cryptocurrency. It is even harder when you are new to trading. So it is important to find a place where you can trade. The place needs to let you buy and sell things like Bitcoin, Ethereum, etcetera. Some cryptocurrency exchanges let you trade and use other things like staking rewards, margin trading, and crypto trading tools. We found the top 10 for November 2021.
eToro came into existence in 2018. It is a simple interface where you can trade 20 different kinds of cryptocurrency. eToro does have Bitcoin and Ethereum, which are two of the most popular kinds of cryptocurrency. One can invest up to $100,000 worth of crypto and track. The progress of the cryptocurrency market is going up and down. It shows how volatile it is.
Commissions and Spreads
BitPanda charges a fee. They charge a fee for buying or selling the cryptocurrency, but it is not clear when you buy or sell. The fees depend on how you pay and how much of each cryptocurrency you get. The average fee is 5%. To see how much they are charging you in fees, just compare their exchange rate to one of the other exchanges, and the difference will be the fee that they have.
Deposits and Withdrawals Options
BitPanda offers a lot of ways to pay and get money out of your account. This is one of the areas in the exchange that is different from others. See below a list of payment and withdrawal methods:
Fiat Currency (Euros)
- SEPA transfer
- Bitcoin (BTC)
- Ethereum (ETH)
- Dash (DASH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Ripple (XRP)
BitPanda Mobile Trading
BitPanda does not have a downloadable mobile app, but the whole trading platform and website can be used on your phone. The site and platform are also optimized for smartphones and tablets. However, the desktop version is much better. It has many more features. The mobile version does not have as many features.
How to Buy Cryptocurrency on Bitpanda: Step-by-Step Tutorial
Trade cryptocurrency on Bitpanda
Step 1: Register your account
To buy and sell crypto on Bitpanda, you need to sign up with your email address. Follow the link in the email you obtain after that. Without verification, you can only buy crypto with cash vouchers at 4,000 places in Austria. So you need to make sure that your account is verified. You can do it by going to this website and following these steps.
Step 2: Verify your account.
Bitpanda is like many exchanges. It has tightened its verification practices. Once you pass through ID verification, you will be able to deposit money and trade. There are no trading limits with verified or unverified accounts.
To open an account on Bitpanda, you will need to fill in your name, address, email, and phone number. Next, you will require to verify your account with a video. You can do this by holding up your national ID card (a driver’s license is not accepted).
Step 3: Fund your account
You can make a stake by clicking on Deposit in the top-right corner of your screen. Choose the wallet that you want to deposit into. You will need to pick a method for depositing money. If you have cryptocurrencies, click on Crypto Wallet and send money to the listed address.
Step 4: Buy cryptocurrency
We are going to buy a coin called Bitcoin Cash. We choose it from the list that is scrolling across the top of the screen. Once we have chosen it, we go to where it says “Bitcoin Cash” on the page and see its price chart. Next, you will need to click on “Buy” beside the panda.
Step 5: Withdraw cryptocurrency
You can withdraw money from your wallet in one of four major currencies (EUR, CHF, GBP, USD). The minimum withdrawal is EUR 25. Minimums vary by crypto-currency. Choose the currency you want and click “Withdrawal.”
Augusta Precious Metals
Augusta Precious Metals is a family-possess company that has been selling gold and silver for nearly 50 years. They provide a service of helping you build wealth and have a secure retirement. Augusta Precious Metals helps investors open an IRA that is not in a retirement account. Investors can then buy gold or silver there.
The United States Securities and Exchange Commission guides you to diversify your investments. This will help to manage the risk of losing money. Augusta Precious Metals representatives work with people who have opened a retirement account. This account is made of gold and other precious metals. It has the same tax-deferred status as other self-directed IRAs.
American Hartford Gold
American Hartford Gold Group is a family-owned company that sells gold. You can acquire gold as bars or coins. Gold and silver IRAs are an alternative to regular IRAs. They allow you to invest in precious metals. These IRAs also help diversify your retirement savings.
American Hartford Gold offers gold and other types of precious metals. The metal comes in either coin or bar form. A gold IRA is a type of account you can use to invest in precious metals without paying any taxes.
Goldco helps people with their old age. They can make sure they have money so they won’t be poor again. Goldco is a company that makes this happen. They are rated A+ by the Better Business Bureau and have Triple-A ratings from Business Consumer Alliance because customers like how they do things, like their dependability and ethical business practices. To learn how to preserve your wealth and reach your retirement goals, call to find out how to use precious metals like gold or silver.
Goldco is a company that helps you set up and maintain an IRA account, but they only offer gold and silver IRAs. You can invest in other precious metals within these accounts if you want to.
Birch Gold Group helps you save money. They have been around since 2003, and they are headquartered in Burbank, California. They specialize in helping people with their savings accounts, retirement accounts, and precious metals. Throughout the years, the company has helped people move their IRA, 401(k), and other tax-advantaged retirement accounts out of stocks, bonds, and mutual funds. Birch Gold is a company that helps people save money. They do this by adding it to precious metals, like gold. If you desire to learn more about how they can help you, visit their site or call them.
Birch Gold Group is a company that helps people with gold IRAs. It gives you the chance to start one or move your current one.
Bitpanda is a well-rounded company that provides a quick, affordable alternative to other cryptocurrency exchanges. They have a solid reputation in the community, and it’s great to discover an exchange with so much positive consumer feedback. Bitpanda is not only a good choice for beginners and experts alike, but it’s also one of the most secure options available.