Bitpanda is a trusted European fintech company founded in 2014, offering a user-friendly platform to buy, sell, and swap over 200 cryptocurrencies, including Bitcoin, Ethereum, Tether, and Ripple.
Its commitment to security is demonstrated by robust KYC procedures, advanced encryption, and cold storage methods.
Bitpanda also offers the best features, such as the Bitpanda Crypto Index, savings plan, and Bitpanda Spotlight, making it an attractive platform for investors. This Bitpanda review aims to present the platform’s best features and demonstrate why it’s a reliable crypto exchange for trading Bitcoin, Ethereum, and other digital assets.
To learn about other safe exchanges for trading cryptocurrency, check out our list of best crypto exchanges in 2023.
What Is Bitpanda?
Bitpanda is one of the fastest-growing fintech companies in Europe, founded in 2014 in Vienna, Austria. From the beginning, its mission has been to democratize trading by creating easy-to-use financial products accessible to everyone.
In addition to its EMI authorization, Bitpanda is one of the few European fintech companies that have obtained a PSD2 license.
The most significant thing about Bitpanda is that it allows you to buy, sell, or swap over 200 cryptocurrencies. Whether you’re a first-time investor or a seasoned trader, you’ll be able to invest in cryptocurrencies in a breeze.
Moreover, the company has its Bit panda coin named BEST. BEST is Bitpanda’s in-house token built on the Ethereum blockchain, which offers its users a range of benefits, such as reduced fees for trade and VIP access to new features.
How to Open an Account at Bitpanda
Opening an account with Bit panda is a simple process.
Step 1: Click on the Sign-up icon in the top right corner of the website or app to register.
Step 2: Create an account using your name, email address, password, and country of residence.
Step 4: Start the verification process. While the verification process may seem daunting, it is a necessary step for any broker, and if you have all your documentation ready, you shouldn’t encounter any issues.
For verification, you must scan your government-issued ID and proof of address. Once the platform has reviewed your information, you can use all its services through the Bitpanda login.
Is Bitpanda Safe?
When it comes to investing in digital assets, safety and security are paramount. Bitpanda is fully committed to protecting its customers and their assets. As one of Europe’s most regulated crypto investment platforms, the website adheres to rigorous standards to ensure safe Bitpanda exchanges.
Bitpanda’s commitment to security is further demonstrated by its robust KYC verification procedures, advanced encryption technologies, and 24/7 coverage by dedicated security teams. It also prioritizes asset protection, storing crypto assets in highly-secure cold storage regularly examined by an external auditor.
The platform security is top-notch, with layered technical defenses, internal security measures, and continuous security assessment through penetration tests and proactive cyber threat hunting.
Bitpanda crypto review has demonstrated that the site is safe and secure for investing in digital assets.
What Are Bitpanda Features?
Besides the smooth mobile app, state-of-the-art security, and user-friendly interface, the website offers unique services that stand out on the market, including the Bitpanda Crypto Index, savings plan, and Spotlight.
In our Bitpanda Bitcoin review, we’ll present the most significant features.
Bitpanda Crypto Index
Bitpanda offers a unique feature that sets it apart from other crypto exchanges—the Bitpanda Crypto Index.
With just one click, you can invest in a diverse portfolio of the leading cryptocurrencies by market size and liquidity. In addition, the Bitpanda Crypto Index automatically adjusts the weighting in your portfolio over time, ensuring that you never miss out on the chance to buy or sell cryptocurrency.
Bitpanda exchange system makes it easy to access this feature, providing a user-friendly platform to invest in the Crypto Index.
Bitpanda Savings Plan
Bitpanda’s savings plan is one of the best free services that enable you to benefit from the cost average effect and easily buy all kinds of cryptocurrencies over time. You can buy weekly, biweekly, or monthly, and you can avoid being overly dependent on short-term price fluctuations.
The free Bitpanda savings plan is an excellent way to automatically and quickly invest in wanted cryptocurrency. Bitpanda exchange provides a user-friendly platform to set up and manage your savings plans that everyone can use.
For those seeking innovative crypto projects, Bitpanda Spotlight is the perfect platform to use. This highly regulated and secure platform gives you early access to fast-moving crypto projects, initially available only on the web app.
Early adopters can benefit from low prices before the coins become widely available, offering potentially high returns. In addition, with KYC and AML processes in place, Bitpanda minimizes the risk of scammers entering Bitpanda Spotlight.
By subscribing to a Bitpanda coin, you will be the first to know once the coin goes live, and you won’t miss the opportunity to trade the hottest new crypto coins.
What Are Bitpanda Fees?
Bitpanda Pro, an exchange platform for professionals, offers a flexible fee structure that starts at 0% for makers and takers, varying based on 30-day trading volumes.
The Bitpanda fees are calculated in Bitcoin and updated after a 24-hour cycle. This transparent and cost-effective fee structure is ideal for traders of all levels, especially those who trade frequently or in large volumes.
The Bitcoin maker and taker percentages are presented in the table:
|Trading Volume (EUR)
Bitpanda offers a free account with a 1.49% premium for buying and selling Bitcoin. Transaction fees are paid to network miners and are dynamically adjusted based on network congestion.
Regarding Bitpanda pro review, all premiums for the exchanges are included in the prices. In addition, Bitpanda offers fiat money deposits in multiple currencies for easy cryptocurrency exchanges, such as EUR, USD, GBP, CHF, TRY, PLN, HUF, CZK, DKK, and SEK.
Some of the payment methods available on the platform are Eps, GiroPay, Sofort, Sepa, Skrill, Visa, Mastercard, and Neteller.
In addition, Bitpanda offers a debit card known as the Bitpanda Card. Bitpanda Card is a debit card that allows users to spend their cryptocurrencies at any Visa-enabled merchant.
The card supports Bitcoin, Ethereum, and other popular cryptocurrencies, making it a convenient option for those who want to use their digital assets for everyday purchases. In addition, the card can be managed directly from the Bitpanda app.
Bitpanda Customer Support - Which Options Does It Offer?
Customer support includes a comprehensive FAQ and helpdesk ticket system.
With the helpdesk ticket system, users receive an automatic reply email containing a ticket ID for reference whenever they submit a request. This ticket system ensures that the Bitpanda support team appropriately tracks and responds to all queries.
Additionally, Bitpanda provides an extensive knowledge base with answers to frequently asked questions and customer support through social media channels such as Twitter, Facebook, Instagram, and Telegram.
Customer Reviews - What Do Users Say About Bitpanda?
Bitpanda has received mostly positive reviews from its users. Many users praise the platform’s user-friendly interface and state that buying and selling crypto is easy. The platform’s high level of security and regulation is also a significant selling point for users.
On the other hand, some users have expressed concerns over the slow customer support. However, Bitpanda reviews demonstrate the platform’s commitment to providing the best user experience. Moreover, the reviews show that the website is a popular and trusted exchange in the crypto community.
Summary of Bitpanda Review: Is Bitpanda Worth It?
Based on its features, security measures, user-friendly interface, and positive customer reviews, Bitpanda is the best option for anyone who wants to buy and sell Bitcoin, Ethereum, and other digital assets. In addition, low Bitpanda prices, convenient savings plan, and easy-to-use platform make it accessible to first-time investors and seasoned experts.
All in all, Bitpanda offers a safe and reliable platform for investing money in digital assets.
Is Bitpanda legit?
Bitpanda is a legit crypto exchange that holds a PSD2 payment service provider license and an E-Money license.
Is Bitpanda a good wallet?
Bitpanda offers a wallet service as part of its platform, which has generally received positive user reviews. Regarding Bitpanda wallet review, its commitment to security measures and regulations makes it a good option for those looking for a safe and reliable wallet to store their digital assets.
Where is Bitpanda located?
Bitpanda is located in Vienna, Austria.
How much does Bitpanda charge for fees?
Bitpanda’s fees vary depending on the transaction type, trading volume, and currency. Maker and taker fees on Bitpanda Pro start at 0% and increase based on 30-day trading volumes. For more detailed information about fees, read our Bitpanda review.