Bitpanda Review

BitPanda or Coinimal GmbH is Austria based company started in August 2014 and now called as Bitpanda is a top Bitcoin buying and selling exchange specializes in all types of Cryptocurrencies such as ETH, BTC, DASH, Litecoin, Miota (Iota coin), Komodo (KMD coin) & Ripple etc. You can buy IOTA COIN with credit card at Bitpanda.

It is accessible in all European countries but not in the USA. Bitpanda is aimed at newcomers in the cryptocurrency. Due to its low Transaction which is less than 2 minutes anyone could be attracted to it and can start buying and selling their cryptocurrencies.

How you can trade cryptocurrencies on Bitpanda

Sign Up using your credentials, verify your ID Proofs (Approx. 3 minutes for verification), after verification, you can start buying and selling Cryptocurrencies.

You can buy up to 50 EUR worth of Bitcoins daily with nothing more than a verified email address and verified the mobile number.

They also provide wallet for your Bitcoins so you can store all of your cryptocurrencies here. There have many options such as you can use cloud wallet, desktop wallet and if you want more security then you can use hardware wallet.

These wallets are essentially small computers in and of themselves. They look like flash drives or smartcards. You can withdraw Bitcoins from your comfort anytime in EUR. This offers four payout options: SEPA (same day), Amazon.de Voucher Code (up to 30 minutes), NETELLER (10 to 30 minutes) and Skrill (10 to 30 minutes)

Crypto currency on Bitpanda

  • BTC – Bitcoin
  • ETH – EThereum
  • XRP – Ripple
  • BCH – Bitcoin Cash
  • PAN – Pantos
  • MIOTA – Iota
  • WAVES – Waves
  • ADA – Cardano
  • KMD – Komodo
  • LTC – Litecoin
  • EOS – EOS
  • DASH – Dash
  • OMG – OmiseGo
  • REP – Augur
  • XML – Stellar
  • XTZ – Tezos
  • NEO – Neo
  • ETC – Ethereum Classic
  • LINK – ChainLink

Which fiat currencies are accepted:

  • GBP
  • CHF
  • EUR
  • USD

Which market do Bitpanda offer:

CHF
GBP
EUR
USD
BTC

Pros

  • Fast verification process.
  • They accept all cards for
  • payment (VISA,
  • MAESTRO etc.)
  • Purchase system is easy to use.
  • YES, you can buy IOTA
  • Buy bitcoin with credit card on Bitpanda.
  • They are different from Coinbase.
  • EURO wallet (insert money without a fee!).
  • High-security system and incredibly invasive verification procedure.
  • They support all European Countries.
  • Low fees for buying bitcoins with a credit/debit card in Europe.
  • Best customer support.
  • Yes, android and iOs apps.

Cons

  • The verification process is very complex in which you have to verify your identity through face cam which seems little awkward.
  • Fees are not displayed.

Deposit options on Bitpanda

  • Visa
  • Mastercard
  • Skrill
  • OKPay
  • PayPal
  • Sofort
  • Neteller
  • SEPA (European Bank Transfer)
  • EPS (Austrian Instant Bank Transfer)
  • Skrill OBT (Online Bank Transfer)
  • Credit card / Debit card payment option
  • Cryptocurrency

Customer support

There are many options available on the websites such as you can open a support ticket, emailing, calling etc. You can reach to Bitpanda through Facebook and Twitter too. There is FAQ too for your help.

Conclusion

Bitpanda can be the best option for those who want to buy and sell Bitcoins in an easy way. They have many payment options and also have good customer support to help you at any time. BitPanda also has wallets to store your purchased Bitcoins, Their charges are very decent and security is high. They have modern design and easy features, although they don’t allow trading in other countries such as the USA etc.

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