Bitpanda Review

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Bitpanda Review
Bitpanda Review

Bitpanda Review – Safe Crypto Exchange For Your Digital Assets

Founded in 2014 in Vienna, Austria, Bitpanda is a leading and extremely reliable cryptocurrency platform in the cryptocurrency market. It was an act of pure labor on the part of three gentlemen, Eric Demuth, Paul Klanschek and Christian Trummer, that Bitpanda was introduced as a response to the gloomy and apprehensive market conditions in 2014.

Purchasing Bitcoin is more often referred to as a tedious, time-consuming, and potentially challenging task. Technical know-how remains imperative for investing in and holding onto digital assets. And hence, a safe and easy-to-access mechanism is also desired for such processes and dealings. Bitpanda offers a secure platform for such transactions, focusing on careful compliance with the local regulatory authorities. As a result, the it is accredited as an authentic and reliable platform in the cryptocurrency market.

Bitpanda offers a diverse portfolio of digital asset classes and products to cater to consumers’ diverse needs. These range from stablecoins to metals, DeFi tokens, Bitpanda Pay, and the world’s first cryptocurrency index. Bitpanda is the cheapest platform to purchase Bitcoin in the European Union countries, with over forty variations of curated coins and tokens.

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Interestingly, Bitpanda is world-acclaimed for its propensity for innovation. It successfully made its mark amongst the investors closing the largest ever Series A funding rounds in Europe. It has on its credit the securing of a colossal 52 million Euro in the capital. Moreover, Bitpanda actively engages in partnerships with several prominent financial institutions, such as the Raiffeisen Bank.

Key Features

Bitpanda offers a unique set of features to meet the cryptocurrency market’s demands for its innovative approach to serving its clientele. Here is a glimpse of the most widely acknowledged features:

Bitpanda Broker

What initially began as a mere cryptocurrency broker is today the safest and most widely used platform for cryptocurrency transactions. As the company continues to grow and expand, it continually adds innovative features and offerings to its selection. Today Bitpanda is a complete ecosystem comprising an independent exchange as well.

Bitpanda Pro

Bitpanda’s official exchange product is Bitpanda Pro. This is fundamentally aimed at the European client base, focusing on fiat to crypto pairs. The feature offers teams for several top cryptocurrencies against the Euro, British Pound, Turkish Lira, and Swiss Franc. The best thing about Bitpanda Pro is that it is fully regulated in the EU. This then makes it a viable option for businesses and institutions aiming to expand into digital assets.

Bitpanda Metals

Bitpanda Metals is a revolutionary product offering, especially concerning the central European scaleup. This is essentially to allow the investors to invest in anything and everything in digital assets. Bitpanda Metals enables the consumers to expand and diversify their portfolio by allowing them access to 100 percent safe, insured, and physically-backed metals. These metals range from gold to silver, platinum, and palladium. The consumers can trade these assets in a mechanism similar to other tokens and coins on their dashboard. Hence, it is a lucrative option for consumers who wish to invest in precious metals but want to avoid the high underwriting fees that accompany it.

Bitpanda Savings

Do you want to hold onto an asset for a relatively long period? In that case, Bitpanda Savings offers you the right platform to safely and consistently invest in digital assets for longer tenures. This feature allows the consumer to automatically purchase the same asset at the same time every day, every week, or every year. However, there is a shortcoming of this feature. This method uses Dollar Cost Averaging (DCA) of the Cost Averaging Effect that is sensitive to the market volatility. This then gets an average price by consistently investing in the same asset simultaneously over a given period.

Bitpanda Crypto Index

Acclaimed as one of the original features of Bitpanda, Bitpanda Crypto Index is the world’s first crypto inde. The crypto index automatically invests in an assortment of the top five, ten, or twenty-five, essentially based on market liquidity and market cap. This is just a matter of a few clicks and as simple as it sounds. Moreover, the index automatically changes its weighting in the consumer’s portfolio to ensure that the consumers don’t miss a shot at the following attractive cryptocurrency. Hence, the index fundamentally curates the perfect portfolio for the consumers.

Bitpanda Pay

Sending funds to your acquaintances has never been this easy. Bitpanda Pay is here to bridge the gap between the old and new worlds of finance. Using this feature, consumers can quickly transfer funds to their friends, pay their rent, or shop anywhere they desire using cryptocurrency. Interestingly, they can also use any other digital asset, such as precious metals. All they need to do is enter the IBAN and hit send.

The Bitpanda Ecosystem Token ($BEST)

The Bitpanda Ecosystem is fundamentally the gel that glues the entire platform. It is quite similar to Binance’s $BNB. Attached to this feature are several benefits: entitlement to 25% discount on trading premiums, regular token burns to increase demand and decreased supply, and lower deposit fees. These are but only a few of the many perks that the Bitpanda Ecosystem offers. Hence, for regular users, $BEST is the best option.

Bitpanda Review - Bitpanda Is A Safe Crypto Exchange For Your Digital Assets. Invest In Bitcoin, Ethereum, Gold And 50 Other Cryptocurrencies

Bitpanda Fees

Bitpanda charges no additional fees when depositing cryptocurrency to its platform, and this is the best feature it has to offer. It only charges a minimal transaction fee of 1.49% for trading cryptocurrencies. However, this charge is built into the price of the assets so that it is invisible to the consumers. Now, this is both a pro and a con. It is a pro because it allows the consumers to identify what they have to pay, and it’s a con because it distorts the accurate price of the digital asset. Click here for fees for all cryptocurrencies.

The Bitpanda exchange charges a minimum maker fee of 0.1% and a minimum taker fee of 0.15%.

Fiat deposits vary depending upon the payment methods the consumers choose. However, SEPA deposits are free with a few days’ delay. Mastercard/VISA deposits are instant, with a minimal fee of 1.5% on top as a standard.

Bitpanda doesn’t welcome US investors. If you are a US investor, this is not an option for you. However, US investors have other options such as CEX.io, Kraken, KuCoin, etc.

Pros

  • Authentic and reliable
  • Aesthetically appealing and easy-to-use dashboard
  • User-friendly mobile app for iOS and Android
  • Multiple unique features and assets
  • Excellent customer support

Cons

  • Not the cheapest alternative
  • Lacks clarity in terms of fee charges
  • Limited pairs available on the exchange

Conclusion

You can be a member of this company the next minute. All you have to do is to sign up and send in some Bitcoins. Your profits start calculating the moment you successfully make a deposit.

Visit the Official Bitpanda website


FAQ

  • How do you buy Bitcoins on Bitpanda?

    – Sign up to Bitpanda
    – You can buy Bitcoin using cash: you can link your debit/credit card or bank account
    – Or you can buy cryptocurrency using E-payment channels, such as Neteller and Skrill

  • Is Bitpanda safe?

    Bitpanda is a safe exchange that allows user account protection via the use of Two Factor Authentication (2fa).

  • How can I withdraw money from Bitpanda?

    Bitpanda supports multiple different payment methods. Select the fiat currency you’d like to withdraw and the payment method.

Visit the Official Bitpanda website

Bitpanda score
  • 9.5/10
    Cost - 9.5/10
  • 9.8/10
    Support - 9.8/10
  • 9.8/10
    Reliability - 9.8/10
9.7/10

Bitpanda Summary

Founded in 2014 in Vienna, Austria, Bitpanda is a leading and extremely reliable cryptocurrency platform in the cryptocurrency market. It was an act of pure labor on the part of three gentlemen, Eric Demuth, Paul Klanschek and Christian Trummer, that Bitpanda was introduced as a response to the gloomy and apprehensive market conditions in 2014.

Purchasing Bitcoin is more often referred to as a tedious, time-consuming, and potentially challenging task. Technical know-how remains imperative for investing in and holding onto digital assets. And hence, a safe and easy-to-access mechanism is also desired for such processes and dealings. Bitpanda offers a secure platform for such transactions, focusing on careful compliance with the local regulatory authorities. As a result, the it is accredited as an authentic and reliable platform in the cryptocurrency market.


? BITPANDA BEST EXCHANGE FOR BUYING & TRADING CRYPTO ?

Visit the Official Bitpanda website

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